Finance

Women and Financial Planning

Although women constitute a large percentage of work forces today, it is hardly seen that they are active into any financial planning. This is true for even women who have thriving careers and make lots of money through their salaries, business or professions....

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Ind AS -116 Leases

Overview of Ind AS-116 ♠ The Ministry of Corporate Affairs (MCA) notified Ind AS 116, the new leases accounting standard on 30th March 2019 with the effective date of its application from 1st April 2019. Ind AS -116 replaces the current guidance in Ind AS-17, ‘Leases’. ♠ Ind AS 116 defines a lease as a […]...

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The importance of term plans in financial planning

Most of us hear about term plan often but aren’t much aware of what exactly it is. A term plan is basically a type of life insurance which offers coverage for a period of time to the policyholder. In case of demise of the insured over the tenure of the policy, a sum assured is […]...

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Canara HSBC OBC Life Insurance Company

Canara HSBC OBC Life Insurance Company is a JV of two of country’s largest public sector banks and has vast network offering a wide range of life insurance solutions, plans suited for meeting individual’s personal requirement. The company offers complete protection to the policyholder and his family in case of an unanticipated event. ...

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How IFRS 9 revolutionised financing

IFRS 9 The financial crisis of 2008 was a wakeup call for all the financial and banking institutes as well as business entities of the world, that it was a time to have a fundamental change in the way finance is done. This global financial crisis was quite different from the previous one because this […]...

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66.6% Indians are open to taking loans reports study

Family aspirations and upgrading lifestyle is the primary reason for seeking loans by 46% Indians. 33% of Indians are likely to purchase Consumer durables such as smartphones, refrigerators, TV etc. on EMIs to be able to upgrade lifestyle. Loan culture penetrating deep in non-metro cities. Cities like Jaipur, Patna, Lucknow and Nagpur are...

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Pollution Free Environment announced in Union Budget 2019

In Union Budget 2019, finance minister, Nirmala Sitharaman announced the major solution to our environment is to making our country more economy efficient as well as environmental efficient too, “Aiming to becoming a global hub for electric vehicle manufacturing, the government has already moved GST council to lower the GST rate on...

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Budget Speech Summary – Part A

Indian economy becoming a 3 trillion dollar economy this year with World’s 3rd  largest economy in terms of Purchasing Power Parity, government’s intention to invest Rs. 100 lakh crore in infrastructure in next 5 years, enhaced target of over one lakh 5,000 crore of disinvestment in 2019-20, proposal to provide Rs.70,000 crore to P...

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Union Budget stresses need for heavy investment in infrastructure

Union Budget stresses the need for heavy investment in infrastructure, Digital Economy and job creation in small and medium firms  In Transport sector, budget proposes PPP in railways, roadmap to make India a hub of maintenance, repair and overhaul and aircraft financing / leasing activities and  Development of state road network Bluepr...

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SFURTI to set up more Common Facility Centres for generating sustained employment opportunities 

Scheme of Fund for Upgradation and Regeneration of Traditional Industries (SFURTI) aims to set up more Common Facility Centres for generating sustained employment opportunities  SFURTI envisions 100 new clusters in 2019-20 to help 50,000 artisans economically 10,000 new Farmer Producer Organizations to be formed to ensure economies of sc...

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HC dismisses petition against amendments in PMLA through Money Bill

Mr. Jairam Ramesh Vs Union of India And Ors (Delhi High Court) - Mr. Jairam Ramesh Vs Union of India and Ors (Delhi High Court) There is no dispute that the petitioner herein is a Member of Rajya Sabha. The plea of Mr. Chidambram that the petitioner was not aware that such amendments have been carried out as Money Bills, is no reason to challenge the amendments, ...

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Mere use of any forged or counterfeit currency/bank notes is not an offence

Sanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) - Sanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) When mens rea is conspicuously absent, mere use of any forged or counterfeit currency notes or bank notes cannot attract the provisions of Section 489(B). The essential ingredient of the said offence being that the person, who r...

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CAG can audit Pvt. Companies if Govt Revenue is in question

Association of Unified Telecom Service Providers of India Versus Union of India & Others (Delhi High Court) - The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Union of India & Others on the powers of CAG to audit the revenues of Private Telecom Companies flowing to the Consolidated Fund of India...

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Publishing loan defaulter’s photos in newspapers is illegal

Ujjal Kumar Das & Anr. Vs State Bank of India & Ors. (Calcutta High Court) - Whether or not a secured creditor, which has initiated action for enforcement of its security interest in terms of the provisions of the Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002...

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SAT held Ranbaxy Director Guilty of insider trading

Mr. V.K. Kaul Vs Adjudicating Officer (Securities Appelate Tribunals Mumbai) - It is highly improbable to believe the statement of Mrs. Bala Kaul that she bought shares of the target company because of its intrinsic value and strong fundamentals. If that was so, it is not clear, what made her sell these shares on April 10, 2008, when Solrex was still in the process of investin...

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One-time partial credit guarantee to PSBs to purchase pooled assets of financially sound NBFCs

F. No.1/17/2019-BOA-II - (10/08/2019) - Partial Credit Guarantee offered by Government of India (Go ) co Public Sector Banks (PSBs) for purchasing high-rated pooled assets from financially sound  Non-Banking  Financial  Companies (NBFCs)/ Housing Finance Companies (HFCs)...

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Download Finance (No. 2) Bill, 2019 as passed by Lok Sabha

Bill No. 55-C of 2019 - (18/07/2019) - Lob Sabha has passed Union Budget 2019 i.e. The Finance (No. 2) Bill, 2019  on 18th July 2019 with Various amendment in some of the sections and also inserted few new provisions. Full text of the same is as follows:- AS PASSED BY LOK SABHA ON 18.7.2019 Bill No. 55-C of 2019 THE FINANCE (NO. [&helli...

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National Savings Time Deposit (Amendment) Rules, 2019

G.S.R. 507(E) - (16/07/2019) - These rules may be called the National Savings Time Deposit (Amendment) Rules, 2019. They shall deemed to have come into force on the 1st day of July, 2019....

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Govt notifies Interest Rate on PPF applicable from 1st July 2019

G.S.R.506(E). - (16/07/2019) - Central Government hereby notifies that subscriptions made to Public Provident Fund on or after the 1st day of July, 2019 and balances at the credit of the subscriber shall bear interest at the rate of 7.9 per cent. per annum....

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Interest Rate on Sukanya Samriddhi Account w.e.f. 1st July 2019

G.S.R. 505(E) - (16/07/2019) - Central Government hereby notifies that subscriptions made to Sukanya Samriddhi Account fund on or after 1st day of July, 2019 and the balances at the credit of the subscriber shall bear interest at the rate of 8.4 per cent. per annum....

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Recent Posts in "Finance"

Women and Financial Planning

Although women constitute a large percentage of work forces today, it is hardly seen that they are active into any financial planning. This is true for even women who have thriving careers and make lots of money through their salaries, business or professions....

Read More
Posted Under: Finance |

Ind AS -116 Leases

Overview of Ind AS-116 ♠ The Ministry of Corporate Affairs (MCA) notified Ind AS 116, the new leases accounting standard on 30th March 2019 with the effective date of its application from 1st April 2019. Ind AS -116 replaces the current guidance in Ind AS-17, ‘Leases’. ♠ Ind AS 116 defines a lease as a […]...

Read More
Posted Under: Finance |

The importance of term plans in financial planning

Most of us hear about term plan often but aren’t much aware of what exactly it is. A term plan is basically a type of life insurance which offers coverage for a period of time to the policyholder. In case of demise of the insured over the tenure of the policy, a sum assured is […]...

Read More
Posted Under: Finance |

Canara HSBC OBC Life Insurance Company

Canara HSBC OBC Life Insurance Company is a JV of two of country’s largest public sector banks and has vast network offering a wide range of life insurance solutions, plans suited for meeting individual’s personal requirement. The company offers complete protection to the policyholder and his family in case of an unanticipated event. ...

Read More
Posted Under: Finance |

How IFRS 9 revolutionised financing

IFRS 9 The financial crisis of 2008 was a wakeup call for all the financial and banking institutes as well as business entities of the world, that it was a time to have a fundamental change in the way finance is done. This global financial crisis was quite different from the previous one because this […]...

Read More
Posted Under: Finance |

Glimpses of Union Budget of India (2019-20)

Union Budget of India (2019-20) Ms. Nirmala Sitharaman, Minister for Finance and Corporate Affairs, Government of India announced the Union Budget for 2019-20, in Parliament on July 05, 2019. The budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi r...

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Posted Under: Finance |

One-time partial credit guarantee to PSBs to purchase pooled assets of financially sound NBFCs

F. No.1/17/2019-BOA-II (10/08/2019)

Partial Credit Guarantee offered by Government of India (Go ) co Public Sector Banks (PSBs) for purchasing high-rated pooled assets from financially sound  Non-Banking  Financial  Companies (NBFCs)/ Housing Finance Companies (HFCs)...

Read More

Strategy for Investing your Retirement Corpus

What should be the strategy to invest your retirement funds The investment strategy at each stage in life has to have different consideration and must change according to peculiar circumstance. For example a person at the initial stage of his career can take risks with his money and invest substantial portion of his savings in […]...

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Posted Under: Finance |

5 ways to plan your home loan EMIs

If you are already an existing home loan user or applying for one soon, you must be aware that EMIs consume a large portion of your earnings. You have to manage these EMIs well before even signing the agreement. You should ensure the EMIs do not dent your expenses. Therefore, lenders have the home loan […]...

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Posted Under: Finance |

5 advantages of opting for a home loan

Wit the rising prices of real estate, buying a home can be quite strenuous financially for an individual. But with financial institutions providing loan products like a home loan, the purchase of a home becomes easy for an individual. In a home loan, the individual will be provided with the loan amount for the purchase […]...

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Posted Under: Finance |

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