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.
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.
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.
Government has no Plan to write off education loans given to the poor and middle class family students who could not get employment.
Press Information Bureau Government of India Ministry of Finance 25-November-2016 17:25 IST Norms on gold monetisation scheme Government has recently issued norms on gold monetisation scheme. Based on the feedback received from the stakeholders of the scheme and the reviews held, Government has allowed following Tax Exemptions: i). Deposit Certificates issued under Gold Monetisation Scheme, […]
Nowadays a copy of Model GST law having tracked changes is doing the rounds on Social Media. The Same is of November 2016. We searched for official copy of the same on various government websites but not found the same on any of the website. On further search we found that the same is not […]
Banks have to follow additional guidelines on levy of penal charges for non-maintenance of minimum balance in savings bank account which include – notifying the customer clearly by SMS/email/letter etc. that in the event of the minimum balance not being restored in the account within a month from the date of notice,
मैं समझता हूं कि मुद्दा ये नहीं है कि सरकार ने पूरी तैयारी नहीं की। ऐसे लोगों की पीड़ा इस बात की है कि सरकार ने किसी को तैयारी करने का समय नहीं दिया।
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In the post-crisis era, the international thinking on banking and finance stands fundamentally changed. Not only did the crisis shake the confidence of all stakeholders
