Category: Uncategorized
India Budget 2013-14 Highlights
Highlights of the Union Budget 2013-14 presented on February 28, 2013 by Mr. P. Chidambaram, finance minister in Parliament. Mr. Chidambaram indicating India to become $5 trillion economy, and among top five in the world by 2025. Union Budget Details No change in income tax slabs Relief of Rs. 2,000 for tax payers in tax [...]
PFC Tax Free Bonds
POWER FINANCE CORPORATION LTD (A Government of India Undertaking) with status of navratna PSU is launching Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds under item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 (43 of 1961) authorized by the Central Government , for the aggregate [...]
Shriram City Union Finance Limited (SCUFL) NCD
Shriram City Union Finance Ltd (SCUFL) was established in 1986 and is a part of the Shriram Group of companies which has a strong presence in financial services sector in India. The company is coming out with an NCD on September 12, 2012 for collection of 250 Crore with an option to retain oversubscription of [...]
National Insurance policy Repository (NIR) by NSDL
National Securities Depository Ltd., commonly known as NSDL is shortly going to launch a new product – “National Insurance policy Repository (NIR)” under which all types of Insurance Policies will be kept. A brief detail for the product is given hereunder. Brief Details: 1. NIR will facilitate holding of all type of insurance policies in [...]
NCD-First Leasing Company of India Limited
First Leasing Company of india Ltd., incorporated on September 10, 1973, a Leasing Company in the Country, has come out with Unsecured Redeemable Non-Convertible Subordinated Debt in the nature of Debentures issue to collect upto 50 Crores (including green shoe option) through NCD of face value of Rs. 1,00,000/- each, having credit rating of “BWR [...]
Tax Reckoner 2012-13 (Snapshot)
A brief snapshot for tax rates applicable for the financial year 2012-13 with effect from April 01, 2012 covering Individual, women, senior citizen, very senior citizen (above age of 80), special rates for non-resident, capital gain tax, Security Transaction Tax (STT) on share/mutual funds, tax slab on mutual fund dividends paid by the fund, where [...]
Post Office Small Saving Schemes-New Interest Rates
On March 26, 2012, the Finance Ministry has provided a ‘pleasant gift’ to small investor by providing increased rate of interest in Post Office ‘Small saving Schemes’, such as NSC, PPF, SCSS -04 schemes which also help in saving income tax. Also, the ministry has increased on other ongoing schemes such as 1/2/3/5 yr TD, [...]
Post Office Schemes
Government has announced on 11.11.11 (November 11, 2011) the increase in interest rates of small saving schemes of Post Office called National Small Savings Fund (NSSF) under its all the running schemes. This will benefit small investor who was primarily inclined towards these schemes with 100% safety views. This will also help government making inflow [...]
