RBI Rates

Bank Rate 9.0% Repo Rate 8.0% Reverse Repo Rate 7.0% Marginal Standing Facility Rate 9.0% CRR 4.0% SLR 23.0% RBI EXCHANGE RATES (Base currency: INR) 1USD 58.8415 1 EURO 80.0315 100Japan YEN 57.8500 1 Pound Sterling 98.4065 GOVERNMENT SECURITY MARKET *cutoff at the last auction 6.90 GS 2019 8.0907% 91 day T-Bills* 8.6456% 182...

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Stock Data

BSE Sensex (29.05.14) 24234.15 (-321.94) NSE Nifty (29.05.14) 7235.65 (-94.00) Dow Jones (28.05.14) 16633.18 (-42.32) Nikkei-225 (28.05.14) 14670.95 (34.43) ...

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Stock Data

BSE Sensex (28.05.14) 24556.09 (6.58) NSE Nifty (28.05.14) 7329.65 (11.65) Dow Jones (27.05.14) 16675.50 (69.23) Nikkei-225 (27.05.14) 14636.52 (34.00) ...

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Crystallization of Inoperative Foreign Currency Deposits

RBI/2013-14/616 A.P. (DIR Series) Circular No.136 Crystallization of Inoperative Foreign Currency Deposits The Reserve Bank of India, in exercise of the powers conferred by subsections (1) and (5) of Section 26(A) of the Banking Regulation Act, 1949 (10 of 1949) has formulated the Reserve Bank (Depositor Education and Awareness Fund) Scheme, 2014. This Fund will be credited with the credit balances of any account in India with a banking company which has not been operated for a period of ten years or any deposit or any amount remaining...

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Formation of new State of Telangana – Assignment of SLBC Convenorship

RBI/2013-14/617 RPCD.CO.LBS.No.13027/02.01.001/2013-14 May 28, 2014 The Chairman & Managing Director All SLBC Convenor banks Dear Sir/Madam, Formation of new State of Telangana – Assignment of SLBC Convenorship As per The Gazette of India Notification No. 6 of 2014 dated March 1, 2014, the 29th State of the country viz. Telangana has been formed and the appointed day has been fixed as June 2, 2014. 2. It has been decided to assign the SLBC convenorship of Telangana State to State Bank of Hyderabad. The SLBC responsibility for the State...

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RBI Rates

Bank Rate 9.0% Repo Rate 8.0% Reverse Repo Rate 7.0% Marginal Standing Facility Rate 9.0% CRR 4.0% SLR 23.0% RBI EXCHANGE RATES (Base currency: INR) 1USD 59.0770 1 EURO 80.5300 100Japan YEN 57.9800 1 Pound Sterling 99.2021 GOVERNMENT SECURITY MARKET *cutoff at the last auction 6.90 GS 2019 8.0907% 91 day T-Bills* 8.6456% 182...

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Do you know

Arunachal Pradesh is home to 601 species of orchids or 52 % of the species of orchids known in India; Arunachal Pradesh, with an area of 83,743 sq km, is the largest state in the North East; The state’s hydropower potential is currently estimated at 57,000 MW or approximately 26 % of India’s current power generating capacity; Itanagar, Naharlagun, Tawang, Rupa, Bomdila, Bhalukpong, Seppa, Ziro and Daporijo are some of the major towns; Brahmaputra...

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WHISTLE BLOWER POLICY / VIGIL MECHANISM

WHISTLE BLOWER POLICY / VIGIL MECHANISM {FOR .pdf FILE, CLICK HERE) 1. PREFACE 1.1. Section 177 of the Companies Act, 2013 requires every listed company and such class or classes of companies, as may be prescribed to establish a vigil mechanism for the directors and employees to report genuine concerns in such manner as may be prescribed. The Company has adopted a Code of Conduct for Directors and Senior Management Executives (“the Code”), which lays down the principles and standards that should govern the actions of the Company...

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Do you know

India is the 9th largest civil aviation market in the world; India ranks 4th (after US, China and Japan) in domestic passenger volumes (116.3 million); India’s civil aviation market is set to become the world’s 3rd (after US and China) largest by 2020; Delhi Passenger traffic handled in FY 2012: 35.9 million; FY 2013: 34.37 million; Mumbai Passenger traffic handled in FY 2012: 30.74 million; FY 2013: 30.21 million; International passenger traffic posted a CAGR of 9.8 per cent over FY06-13 and is set to touch 60 million by FY 2017; During April...

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TITLE: Important principles of law on taxation of discretionary & specific trusts explained CASE: CWT vs. Estate of Late HMM Vikramsinghji of Gondal (Supreme Court)

TITLE:  Important principles of law on taxation of discretionary & specific trusts explained CASE:  CWT vs. Estate of Late HMM Vikramsinghji of Gondal (Supreme Court)       The ex-Ruler of Gondal Shri Vikramsinhji executed three deeds of settlements (trust deeds) in the USA & UK. These trusts were created for the benefit of (a) the Settlor, (b) the children and remoter issue for the time being in existence of the Settlor and (c) any person for the time being in existence who is the wife or widow of the...

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Stock Data

BSE Sensex (27.05.14) 24549.51 (-167.37) NSE Nifty (27.05.14) 7318.00 (-41.05) Dow Jones (23.05.14) 16606.27 (63.19) Nikkei-225 (26.05.14) 14602.52 (140.35) ...

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