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Sovereign Gold Bond
Sovereign Gold Bond, abbreviated as SGB, is a government security issued by the Reserve Bank of India (RBI) on behalf of the Government of India. It is denominated in grams of gold and is linked to the price of gold in India. It is also an interest-bearing bond, carrying an interest of 2.5% paid in two installments every year till maturity. The bond has an 8-year term with an option for early withdrawal through the RBI after 5 years. It is listed and traded on Indian stock exchanges, allowing eligible investors to buy or sell anytime through their Dematerialization (securities), demat accounts. It can also be transferred to other eligible investors without redemption through the RBI. The scheme was discontinued in 2024 due to being an expensive method of borrowing for the government. Existing bonds were not affected. History The scheme was initially announced in the 2015 Union budget of India, 2015 Union budget. It was approved by the Union Council of Ministers, cabinet on 9t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Ministry of Finance, Government of India, Government of the Republic of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Bharatiya Reserve Bank Note Mudran, Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore (Karnataka; Southern India) and Salboni (West Bengal; Eastern India). Depos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Indian Express
''The Indian Express'' is an English-language Indian daily newspaper founded in 1932 by P. Varadarajulu Naidu. It is headquartered in Noida, owned by the ''Indian Express Group''. It was later taken over by Ramnath Goenka. In 1999, eight years after Goenka's death in 1991, the group was split between the family members. The southern editions took the name '' The New Indian Express'', while the northern editions, based in Mumbai, retained the original ''Indian Express'' name with ''The'' prefixed to the title. History In 1932, the ''Indian Express'' was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his Tamil Nadu press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of '' The Free Press Journal'', a national news agency. In 1933, the ''Indian Express'' opened its second office in Madurai, launching the Tamil edition, '' Dinamani''. Sadanand introduced several innovations and reduced t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2025 Union Budget Of India
The 2025 Union budget of India was presented by Finance Minister Nirmala Sitharaman on 1 February 2025 for the financial year 2025-2026. This was the first full financial year budget of Prime Minister Narendra Modi's third term in office. Major announcements Taxation reforms * Zero Income Tax up to ₹12 Lakh: Under the new tax regime, no income tax will be levied on incomes up to ₹12 lakh. Income in upwards of ₹12 lakh will be levied tax according to the revamped tax slabs. The tax rates for the old tax regime, however, remain unchanged. * TDS and TCS Rationalization: The limit for tax deduction at source (TDS) on interest for senior citizens has been doubled from ₹50,000 to ₹1 lakh, and the annual limit for TDS on rent increased from ₹2.40 lakh to ₹6 lakh. * Tax Exemption: Withdrawals made from the National Savings Scheme by individuals on or after 29 August, 2024, will be exempt from tax. * Extension of Time-Limit to File Income Tax Returns: The deadline t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hindu Business Line
''Business Line'', known as ''The Hindu Business Line'', is an Indian business newspaper A newspaper is a Periodical literature, periodical publication containing written News, information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as poli ... published by Kasturi & Sons, the publishers of the newspaper ''The Hindu'' headquartered in Chennai, India. The newspaper covers priority industry verticals, such as agriculture, aviation, automotive, IT, in weekly specials. The paper is printed at 17 centres across India, reaching List of metropolitan areas in India, metros as well as emerging Classification of Indian cities#Population-based classification, Tier I and Tier II cities. ''Business Line'' has a daily circulation of 1,17,000 copies, per the Audit Bureau of Circulations (India), Audit Bureau of Circulation in 2016. See also *List of newspapers in India References External links ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Today (India)
''Business Today'' is an Indian fortnightly business magazine published by Living Media, Living Media India Limited, in publication since 1992. Circulation ''Business Today'' has the highest circulation and readership amongst business magazines, and is among the top 10 English-language magazines across genres. It is published once a fortnight, and commands a readership base of 1.7 million readers. Events ''Business Today'' events is a group of programmes that includes the signature BT MindRush and BT Best CEO Awards. BT does events such as India@100 Economy Summit. Leadership In May 2021, India Today Group elevated Rahul Kanwal to the role of executive director of ''Business Today''. References External links Official website 1992 establishments in India Biweekly magazines published in India India Today Group Business magazines published in India Magazines established in 1992 English-language magazines published in India {{business-mag-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2024 Union Budget Of India
The 2024 Union Budget of India was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government's third term. History The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. The first Union Budget of Independent India was presented by R. K. Shanmukham Chetty on 26 November 1947. Tax changes Revised income tax slabs The income tax (IT) slabs have been revised under the new income tax regime. The updated tax rates are as follows: Standard deduction has been increased from 50,000 to 75,000. Ernst & Young estimates that, following standard tax deduction polices, income of upto 7.75 lakh is extempted from income tax after introduction of the increase in s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Narendra Modi Addressing At The Launches Of The Gold Schemes, In New Delhi
Narendra may refer to: Places *Narendra (Karnataka) a village in Dharwad, Karnataka People *Narendra Nath Datta, better known as Swami Vivekananda (1863–1902), an Indian Hindu monk *Narendra Deva (1889–1956), also known as Acharya Narendra Deva, vice-chancellor of Banaras Hindu University. *Air commodore Narendra (1912-1951), Indian Air Force officer who died in an aircrash in 1951. * Narendra Nathwani (1913–1993), Indian politician *Narendra Nath Wig, better known as N. N. Wig (1930–2018), an Indian psychiatrist, scholar. *Narendra Dabholkar (1945–2013), Indian medical doctor, rationalist and author *Narendra Pradhan (born 1947), Indian politician *Narendra Prasad (1946–2003), actor *Narendra Singh Negi (born 1949), Legendary singer from Uttarakhand *Narendra Modi (born 1950), Prime Minister of India *Narendra Karmarkar (born 1955), Indian mathematician *Narendra Hirwani (born 1968), Indian cricketer See also *Narinder Narinder may refer to: * Narinder Kaur Bharaj, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICICIdirect
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. ICICI Bank has a network of 6,613 branches and 16,120 ATMs across India. It also has a presence in 11 countries. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company's UK subsidiary has also established branches in Belgium and Germany. The Reserve Bank of India (RBI) has identified the State Bank of India, HDFC Bank, and ICICI Bank as Domestic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Gazette Of India
''The Gazette of India'' is a public journal and an authorised legal document of the Government of India. It is published weekly by the Directorate of Printing Department of Publication, a subordinate office of the Ministry of Housing and Urban Affairs and printed by the Government of India Press, Nilokheri, Government of India Press. As a public journal, ''The Gazette'' prints official notices from the government. Publishing information in the ''Gazette'' is a legal necessity by which official documents Coming into force, come into force and enter the public domain. Ordinary gazettes are regularly published weekly on a particular day of the week whereas extraordinary gazettes are published every day depending upon the urgency of the matters to be published. Publication The publication of ''The Gazette'' is executed as per the government of India (allocation of business rules) issued from time to time by the cabinet secretariat. The Department of Publication is headed by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Securities Act, 2006
The Government Securities Act, 2006 is a legislation of the Parliament of India, which aims to introduce various improvements in the government securities market and the management of government securities by the Reserve Bank of India (RBI). History The Public Debt Act, 1944 was an act of the Parliament of India The Parliament of India (ISO 15919, ISO: ) is the supreme legislative body of the Government of India, Government of the Republic of India. It is a bicameralism, bicameral legislature composed of the Rajya Sabha (Council of States) and the Lok ... which provided a legal framework for the issuance and servicing of government securities in India. It was considered outdated, and the Government Securities Act, 2006 was introduced to replace it. The Act oversees government securities and their management by the RBI. The second clause of Section 2 defines government securities as securities issued by the central or a state government for the purpose of raising a publi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (India)
The Ministry of Finance (IAST: ''Vitta Maṃtrālaya'') is a ministry within the Government of the Republic of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget. The Ministry of Finance is the apex controlling authority of ''four'' central civil services namely Indian Revenue Service, Indian Audit and Accounts Service, Indian Economic Service and Indian Civil Accounts Service. It is also the apex controlling authority of one of the central commerce services namely Indian Cost and Management Accounts Service. History Sir Ramasamy Chetty Kandasamy Shanmukham Chetty KCIE (17 October 1892 – 5 May 1953) was the first Finance Minister of independent India. He presented the first budget of independent India on 26 November 1947. Department of Econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Narendra Modi Launches The Gold Schemes, In New Delhi
Narendra may refer to: Places *Narendra (Karnataka) a village in Dharwad, Karnataka People *Narendra Nath Datta, better known as Swami Vivekananda (1863–1902), an Indian Hindu monk *Narendra Deva (1889–1956), also known as Acharya Narendra Deva, vice-chancellor of Banaras Hindu University. *Air commodore Narendra (1912-1951), Indian Air Force officer who died in an aircrash in 1951. * Narendra Nathwani (1913–1993), Indian politician *Narendra Nath Wig, better known as N. N. Wig (1930–2018), an Indian psychiatrist, scholar. *Narendra Dabholkar (1945–2013), Indian medical doctor, rationalist and author *Narendra Pradhan (born 1947), Indian politician *Narendra Prasad (1946–2003), actor *Narendra Singh Negi (born 1949), Legendary singer from Uttarakhand *Narendra Modi (born 1950), Prime Minister of India *Narendra Karmarkar (born 1955), Indian mathematician *Narendra Hirwani (born 1968), Indian cricketer See also *Narinder Narinder may refer to: * Narinder Kaur Bharaj, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
