"25 November 2016" Archive

Steps taken by SEBI to create SIP investments awareness

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....

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Posted Under: SEBI |

Note exchange continues at Reserve Bank counters

Press Release: 2016-2017/1317 (25/11/2016)

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

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

RBI/2016-17/158 DCM (Plg) No.1424/10.27.00/2016-16 (25/11/2016)

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. ...

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Measures to effectively tackle black money issue

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....

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Posted Under: SEBI |

14 Recent steps by Government to boost foreign investments

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. ...

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Posted Under: SEBI |

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

Notification No. 139/2016-Customs (N.T.) (25/11/2016)

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

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

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

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Posted Under: SEBI |

Quarterly Projection Model for India: Key Elements & Properties

Press Release : 2016-2017/1331 (25/11/2016)

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. ...

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Exchange facility to foreign citizens of demonetised notes

RBI/2016-17/157 A.P. (DIR Series) Circular No.20 (25/11/2016)

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....

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Inflation-Forecast Targeting For India: Analytical Framework Outline

Press Release : 2016-2017/1330 (25/11/2016)

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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