IT Dept Notification on Premature encashment of 8% Savings (Taxable) Bonds, 2003
The captioned bonds, issued with effect from April 21, 2003, vide Government of India Notification No. F 4(10)-W&M/2003 dated March 21, 2003 and subsequent Notification F. No. 4(10)-W&M/2003 dated April 2, 2003, are repayable on the expiry of six years from the date of issue. Premature encashment was not permissible under this scheme. 2. The… Read More
Tags: Bonds, Due date, Government of India, Interest, Investment, Investor, Nagpur, Rugby league positions
8% Savings (Taxable) Bonds, 2003 – Premature Encashment
RBI/2013-14/206 DGBA.CDD. No. 1448/13.01.299/2013-14 August 30, 2013 The Chairman / Managing Director Head Office (Government Accounts Department) State Bank of India and Associates All Nationalized Banks (Excluding Punjab and Sind Bank & Andhra Bank) Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./ Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, 8% Savings (Taxable) Bonds, 2003… Read More
Tags: Axis Bank, Bonds, Government of India, HDFC bank, ICICI Bank, India, Interest, State Bank of India
CLR Snippets | All options on Sovereign Bond Issue on Table
Some of the news channels /news wires have been misreporting that the Government of India is no longer contemplating a Sovereign Bond Issue. These reports are without any basis. As the Ministry of Finance has said repeatedly, all options are on the table and are examined from time to time. Steps are taken by the… Read More
Tags: Bonds, Current account, Finance Ministry, Government, Government bond, Government of India, India, Reuters
RBI Guidelines on Valuation of Bonds issued by State Distribution Companies (Discoms)
RBI/2012-13/555 DBOD.BP.BC.No.105/21.04.132/2012-13 June 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bonds issued by State Distribution Companies (Discoms) Guidelines on Valuation Government of India had formulated and approved a Scheme for Financial Restructuring of State Owned Power Discoms to enable their turnaround and ensure their long term viability (Ministry of Power, GoI Office… Read More
Tags: Basis point, Bonds, Business, Government of India, Investing, Ministry of Power, Yield to maturity, YTM
FAQs on Inflation Indexed Bonds (IIBs)
1. Inflation Indexed Bonds (IIBs) were issued in the name of Capital Indexed Bonds (CIBs) during 1997. How is the new product of IIBs different from earlier CIBs? The CIBs issued in 1997 provided inflation protection only to principal and not to interest payment. New product of IIBs will provide inflation protection to both principal… Read More
Tags: Bonds, Coupon (bond), Financial services, Inflation, Inflation-indexed bond, Reserve Bank of India, Run batted in, Wholesale price index
Government Decides to Launch Inflation Index Bonds
Pursuant to the announcement in the Union Budget 2013-14, the Government of India in consultation with Reserve Bank of India (RBI) has decided to launch Inflation Index Bonds (IIBs), as instruments that will protect savings of poor and middle classes from inflation and incentivise household sector to save in financial instruments rather than buy gold.… Read More
Tags: Bonds, Coupon (bond), Government of India, Inflation, Mutual fund, Reserve Bank of India, Wholesale price index, WPI
FCI Raises Rs. 5000 Crore through Bonds
The Food Corporation of India (FCI) has raised Rs.5000 crore by issue of taxable bonds backed by Government of India Guarantee to meet its additional working capital requirement. Bond issue was opened on 21.03.2013 and closed on 22.03.2013. The Bonds are of two tenures i.e., 10 years (Rs.300 crore) and 15 years (Rs.4700 crore). The… Read More
Tags: Bonds, Capital requirement, Cash Credit Limit, Coupon (bond), FCI, Food Corporation of India, Government of India, Rupee
Subscribe to the Daily Journal
India’s Leading Compliance Software
Corporate Law Referencer
