Loopholes in life insurance Having life insurance coverage is important, especially if you are the only source of income for your family. Knowing and understanding how life insurance works is essential in guarantying that your family’s claim will actually be… Read more
How will GST remove the cascading effect of taxes?
GST is set to become one of the biggest fiscal reform that our country is going to witness. All businesses, small or large are going to get impacted because of this paradigm shift in the indirect tax regime. Policymakers have… Read more
India’s International Investment Position (IIP)
India’s International Investment Position (IIP) depicts the value and the composition of (a) financial assets of residents that are claims on non-residents (including gold bullion held as reserve assets); and (b) liabilities of residents to non-residents. The difference between… Read more
RBI advisory on E-wallets
The Reserve Bank of India has today advised the users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets, that only non-bank entities authorised by RBI under the Payment and Settlement Systems Act, 2007 (the Act) can issue PPI… Read more
Overseas Direct Investment for March 2017
The Reserve Bank of India has released the data on Outward Foreign Direct Investment (OFDI) indicating the comparative position for the month of February 2017 and March 2017 and for the month of March 2016 and March 2017 both under… Read more
Scholarship Scheme for Faculty Members from Academic Institutions
The Reserve Bank of India invites application as per prescribed format from full-time faculty members, teaching economics or finance in any University Grants Commission (UGC) or All India Council for Technical Education (AICTE) recognized Universities/Colleges in India to undertake short… Read more
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Amended
The Government of India, in consultation with the Reserve Bank of India, had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 vide notification no. S.O. 4061 (E) dated December 16, 2016. The deposit under this scheme shall be made… Read more
RBI to conduct 3 day, 7 day, 14 day and 28 day Variable Rate Reverse Repo Auctions under LAF on April 21, 2017
The Reserve Bank of India will conduct the following Variable Rate Reverse Repo Auctions on April 21, 2017, Friday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Sl. No. Notified Amount (₹ billion) Tenor… Read more
Sovereign Gold Bond Scheme 2017-18 – Series I
The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I. Applications for the bond will be accepted from April 24-28, 2017. The Bonds will be issued on May… Read more
Investment Plans
Investment Plans are financial products that provide the opportunity to create wealth for future. Life Insurance products are often used as investment instruments. The advantage of investing through a life insurance plan is that it not only allows you to… Read more