Category - Finance

Central Government amends Senior Citizen Savings Scheme Rules, 2017

NOTIFICATION New Delhi, the 30th June, 2017 G.S.R.857(E).—In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:— 1. (1) These rules may be called the Senior Citizen… Read More

Govt. amends Post Office Recurring Deposit Rules, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 30th June, 2017 G.S.R. 856(E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:- 1. (1)… Read More

Loan Against Fixed Deposit: How Good is it?

Fixed deposits are the most preferred way to save some funds in India. Fixed deposits are measured as a safer option as opposed to the stock market and mutual funds. Term of deposits can be of couple of types: first on is FD and second one is recurring deposits. FD is a most powerful investment option where… Read More

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Extension of NPS Fortnight from 11th July, 2017 to 21st July, 2017

  Public Information Bureau Government of India Ministry of Finance 10-July, 2017 18:50 IST Extension of NPS Fortnight from 11th July, 2017 to 21st July, 2017.   With a view to promote and create awareness about the National Pension System (NPS) and improve the quality of services provided to the subscribers, PFRDA is observing NPS… Read More

Govt. releases Resolution on 7th Central Pay Commission list of allowances with modification

MINISTRY OF FINANCE (Department of Expenditure) RESOLUTION New Delhi, the 6th July, 2017 No. 11-1/2016-IC.—The Seventh Central Pay Commission (the Commission) was set up by the Government of India vide Resolution No. 1/1/2013-E.III (A), dated the 28th February, 2014. The period for submission of report by the Commission was extended upto 31st December, 2015 vide… Read More

PFRDA observes NPS service fortnight to promote and create awareness about NPS

Public Information Bureau  Government of India Ministry of Finance 06-July, 2017 16:21 IST PFRDA is observing NPS Service Fortnight from 27th June, 2017 to 11th July 2017 to promote and create awareness about the National Pension System (NPS) and improve the quality of services provided to the subscribers,  With a view to promote and create… Read More

Central Governments directs Banks, Post Office and Cooperative Bank to deposit scrapped notes with RBI

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 20th June, 2017   G.S.R. 611(E).—In exercise of the powers conferred by sub-section (1) of Section 11 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 ( 2 of 2017), the Central Government hereby makes the following rules, namely:— 1. Short title and… Read More

The proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017 is approved by cabinet

Press Information Bureau Government of India Cabinet 14-June-2017 13:16 IST Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive… Read More

MoF notifies rules on appointment, term of office, salaries of members of tribunals

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION   New Delhi, the 1st June, 2017   G.S.R. 514(E).—In exercise of the powers conferred by section 184 of the Finance Act, 2017 (7of 2017), the Central Government hereby makes the following rules, namely : - 1. Short title, commencement and application.—(1) These rules may be called the Tribunal,… Read More

CBEC: Notification on rate of exchange for conversion of foreign currencies

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 52/2017 - Customs (N.T.) New Delhi, dated the 1st June, 2017 11 Jyaistha, 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification… Read More

New functionalities released for NPS subscribers and nodal officers:PFRDA

Press Information Bureau Government of India Ministry of Finance 01-June-2017 19:06 IST   New Functionalities released under NPS to provide the ease of operation for the benefit of subscribers and nodal offices. Pension Fund Regulatory and Development Authority (PFRDA) takes various initiatives from time to time in order to simplify and improve the operational issues… Read More

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