Daily Archives: February 5, 2016

Buyback of WPI-Linked Inflation Indexed Bond

By | February 5, 2016

Buyback of WPI-Linked Inflation Indexed Bond The Government of India has announced the repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” through reverse auction for an aggregate amount of Rs. 6,500 crore (face value). The repurchase by the Government of India will be undertaken to redeem the Government Stocks prematurely by utilizing surplus cash… Read More »

Govt notify Gold Monetisation Scheme -2015

By | February 5, 2016

THE GAZETTE OF INDIA EXTRAORDINARY [PART I—SEC. 1] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 3rd February, 2016 F. No. 20/6/2015-FT(Pt.-7).—The Central Government, with a view to provide different options to the people to monetize the privately held stock of the gold, hereby notifies the   ‘ Gold Monetisation Scheme-2015 ’… Read More »

Revised benchmark cost of Concentrating Solar Thermal

By | February 5, 2016

MNRE revises benchmark cost of Concentrating Solar Thermal (CST) Technologies The Ministry of New and Renewable Energy (MNRE), proposes an upward revision of the benchmark cost of Concentrating Solar Thermal (CST) Technologies Programme. The initiative is taken with the aim to promote energy efficiency. The benchmark cost will be related to the performance efficiency in… Read More »

Phishing emails : Steps taken by Income Tax dept for taxpayers

By | February 5, 2016

Steps taken by Income Tax Department for safeguarding taxpayers from Phishing emails The Income Tax Department has been at the forefront of using technology in implementing its –e-Governance initiatives. Most of its routine communication to taxpayers is through email and SMS. Therefore, the Department is very sensitive and alert to attempts made by fraudsters to… Read More »

RBI rationalises FEMA Regulations

By | February 5, 2016

Source  :Reserve Bank of India Date : Feb 04, 2016 The Reserve Bank of India, in consultation with the Government of India, has revised nine regulations issued under the Foreign Exchange Management Act, 1999 (FEMA). Consequently, the respective original notifications and subsequent amendments stand repealed. For easy identification, revised regulations will carry the same numbers… Read More »

RBI awarded for Innovation in XBRL Reporting

By | February 5, 2016

Source Reserve Bank of India Date : Feb 05, 2016 The XBRL International, the global custodian of the eXtensible Business Reporting Language (XBRL) standard awarded the ‘ XBRL International Award for Excellence ’ to the Reserve Bank of India (RBI). The award has been given to the Reserve Bank in recognition of its efforts in ‘Innovation and… Read More »

Revised Rupee value of the Special Currency Basket

By | February 5, 2016

Source : Reserve Bank of India RBI/2015-16/305 A.P. (DIR Series) Circular No. 41 February 04, 2016 To All Category – l Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorized Dealer Category-I (AD Category-I) banks is invited… Read More »