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Archive: 25 November 2016

Posts in 25 November 2016

Steps taken by SEBI to create SIP investments awareness

November 25, 2016 1291 Views 0 comment Print

Systematic Investment Plans (SIPs) in Mutual Funds in India has almost doubled from 60 lakh as on 31st March 2014 to 116.3 lakh as on 31st March 2016. It has further increased to 134.5 lakh as on 31st October 2016.

Note exchange continues at Reserve Bank counters

November 25, 2016 1546 Views 0 comment Print

RBI advises that exchange of banknotes in ₹ 500 and ₹ 1000 denominations will continue to be available at RBI counters

Withdrawal of cash – Weekly limit of Rs. 24000 to continue

November 25, 2016 5839 Views 2 comments Print

Banks are, hereby, advised that they may continue to allow their existing customers to withdraw cash from their accounts upto ₹ 24,000/- per week, till further instructions.

Measures to effectively tackle black money issue

November 25, 2016 1261 Views 0 comment Print

Action against tax evasion/black money is an on-going process. Such action under direct tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecution complaints before criminal courts, wherever applicable.

14 Recent steps by Government to boost foreign investments

November 25, 2016 12748 Views 0 comment Print

Government has put in place a liberal, transparent and investor-friendly policy on Foreign Direct Investment (FDI) wherein most of the sectors are open to FDI under the automatic route.

Notification No. 139/2016-Customs (N.T.), Dated: 25.11.2016

November 25, 2016 1447 Views 0 comment Print

Unloading of imported goods and loading of export goods.- Jharsuguda -Amendment to Notification no. 12/97-Customs dated 2nd April 1997

No write off of Education loans of poor & middle class family students

November 25, 2016 2362 Views 0 comment Print

Government has no Plan to write off education loans given to the poor and middle class family students who could not get employment.

Quarterly Projection Model for India: Key Elements & Properties

November 25, 2016 688 Views 0 comment Print

Reserve Bank of India has formally adopted a flexible inflation targeting (FIT) framework with the amendment of the RBI Act in May 2016 with an emphasis on a strong nominal anchor for monetary policy.

Exchange facility to foreign citizens of demonetised notes

November 25, 2016 2359 Views 1 comment Print

Foreign citizens (i.e. foreign passport holders) can exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15, 2016 subject to the tenderer submitting a self-declaration that this facility has not been availed of during the week.

Inflation-Forecast Targeting For India: Analytical Framework Outline

November 25, 2016 922 Views 0 comment Print

The paper first describes the move towards the flexible inflation targeting (FIT) regime for monetary policy by the Reserve Bank in the context of the evolving macro-economic scenario

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November 2016