After Demonetization, certain depositors are hesitating to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts.
Start-up Initiative: a Fund of Funds of INR 10,000 Crores to Support Innovation Driven Start-Ups has been Established to be Managed by SIDBI
Press Information Bureau Government of India Ministry of Finance 16-December-2016 17:33 IST Norms for Angel Funds A framework for registration and regulation of angel pools under a sub-category ”Angel Funds” under Category I-Venture Capital Funds have been provided in SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) on 16.09.2013. Subsequently, in the board meeting held […]
The power sector in India has witnessed a major addition in capacity in the last 2 years, making India the fifth largest installed capacity in the world. As of October 2016, the installed power capacity was 307.28 GW. Private capacity generation has increased to 124 GW in FY2015- 16, which constitutes 41% of the total power generated in the country.
India is blessed with abundant mineral deposits and the countrys mining sector forms an important segment of the economy contributing around 2.6% to the countrys GVA (FY 2015- 16(PE).1 India produces 90 different types of minerals (fuel, atomic, metallic and non-metallic minerals).
Norms and Procedure for Appointment of Non-Official Directors (NODs) on the Boards of Public Sector Banks (PSBs)/Reserve Bank of India (RBI)/Financial Institutions (FIs)/Public Sector Insurance Companies (PSICs)
Central Government reduced import duty on wheat, potatoes and crude palm oil , to stabilize prices of these commodities in country
As per Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016, Taxes will have to be paid first and then scheme can be availed on production of tax receipt, unlike recent Income Disclosure Scheme
