7.50% Mahila Samman Bachat Patra / Savings Certificate
in Articles, Fixed Deposits, Investments
Finance Minister Nirmala Sitharaman in her Budget 2023 speech has proposed to introduce a new post office small savings scheme, called Mahila Samman Bachat Patra / Savings Certificate, carrying 7.50% fixed interest rate. There will be a cap of investment amount up to Rs. 2 lakh and the scheme will be available for 2 years
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IIFL Finance Limited 9% NCDs – January 2023 Issue
in Bonds/NCDs, Featured
This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] IIFL Finance will be launching its public issue of non-convertible debentures (NCDs) from January 6, 2023. The company wants to raise Rs. 1,000 crore from this
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RBI’s 7.35% Floating Rate Saving Bonds
in Articles, Bonds/NCDs, Featured
This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] Investors often seek safe-havens for their hard earned money, and nothing could be more safe than the securities which are issued by the government or the central bank of
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Reserve Bank of India Pulls Back Rupee from the Brink of 88 Against the Dollar
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Reserve Bank of India Pulls Back Rupee from the Brink of 88 Against the Dollar RBI Intervenes as Rupee Weakens to Record Lows Amid Global Pressures The Reserve Bank of India (RBI) has successfully intervened in the foreign exchange markets to prevent the Indian rupee from breaching the critical 88-per-dollar mark, reinforcing its commitment to
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RBI to Purchase ?40,000 Crore in Government Securities via OMO Auction on Thursday
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RBI to Purchase ?40,000 Crore in Government Securities via OMO Auction on Thursday Central Bank’s Move Aims to Ensure Liquidity and Stabilize Bond Yields The Reserve Bank of India (RBI) is set to conduct an Open Market Operation (OMO) auction on Thursday, purchasing ?40,000 crore worth of government securities (G-Secs). This decision comes as part
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CGST Officers Detect ?1.88 Trillion in GST Evasion from April to December 2024
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CGST Officers Detect ?1.88 Trillion in GST Evasion from April to December 2024 Massive Tax Evasion Uncovered Amid Increased Enforcement Efforts In a significant crackdown on tax fraud, Central Goods and Services Tax (CGST) officers detected GST evasion amounting to ?1.88 trillion during the period from April to December 2024. This staggering figure highlights the
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Indian Rupee Gains 61 Paise Against US Dollar, Strengthens to 86.84 in Early Trade
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Indian Rupee Gains 61 Paise Against US Dollar, Strengthens to 86.84 in Early Trade Rupee’s Strong Opening Reflects Positive Market Sentiment In a significant turnaround, the Indian rupee appreciated by 61 paise, opening at 86.84 against the US dollar in early trade on Monday. The strengthening of the domestic currency follows a combination of positive
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Understanding the .bank.in Domain: A Secure and Reliable Digital Identity for Indian Banks
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Understanding the .bank.in Domain: A Secure and Reliable Digital Identity for Indian Banks The digital transformation of the banking sector has led to a growing need for secure and credible online platforms. One of the critical elements of this transformation is the domain system, which provides a unique identity to banks on the internet. The
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New Income Tax Bill: A Comprehensive Reform in India’s Taxation System
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New Income Tax Bill: A Comprehensive Reform in India’s Taxation System Introduction The government of India has introduced the much-anticipated New Income Tax Bill, aimed at reforming the existing tax structure to simplify compliance, reduce ambiguities, and enhance revenue collection. The bill seeks to modernize India’s tax system by addressing long-standing challenges, incorporating international best
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Negotiated Dealing System-Order Matching (NDS-OM) Platform: Revolutionizing the Indian Bond Market
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Negotiated Dealing System-Order Matching (NDS-OM) Platform: Revolutionizing the Indian Bond Market Introduction The Negotiated Dealing System-Order Matching (NDS-OM) platform is a critical component of India’s financial market infrastructure, playing a pivotal role in the trading of government securities (G-Secs). Introduced by the Reserve Bank of India (RBI), NDS-OM enhances transparency, efficiency, and liquidity in the
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RBI Introduces Additional Factor Authentication for International Transactions: A Game-Changer in Digital Security
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RBI Introduces Additional Factor Authentication for International Transactions: A Game-Changer in Digital Security The Reserve Bank of India (RBI) has recently introduced an additional factor authentication (AFA) requirement for international transactions, marking a significant step toward enhancing financial security in the digital payment ecosystem. This move aligns with RBI’s ongoing efforts to protect consumers from
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Infibeam Avenues’ Subsidiary Receives Approval to Offer UPI Payments
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Infibeam Avenues’ Subsidiary Receives Approval to Offer UPI Payments Infibeam Avenues, a leading Indian fintech and e-commerce solutions provider, has achieved a significant milestone as its subsidiary has received regulatory approval to offer Unified Payments Interface (UPI) payment services. This development marks a strategic advancement for the company as it aims to expand its footprint
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Finance Ministry May Consider Rate Cut for Small Savings Schemes in FY26
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Finance Ministry May Consider Rate Cut for Small Savings Schemes in FY26 As India moves towards a more balanced fiscal policy in the coming years, the Finance Ministry is reportedly considering a rate cut for small savings schemes (SSS) in the financial year 2025-26 (FY26). This potential move comes amid efforts to manage government borrowing
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