The Union government of India has now permitted residents of Gulf nations and all EU nations to invest directly in stock markets and allowed individual overseas investors (also known as Qualified Institutional Investors) to bring up to $1 billion in debt market. Facebook made its Wall Street debut on MayContinue Reading
The Financial Sector Legislative Reforms Commission (FSRLC) has been set up by the Union government to re-write and clean-up financial laws of India. It is headed by Justice B.N. SrikrishnaContinue Reading
· I-T exemption limit raised to Rs 1.80 lakh from Rs 1.60 lakh . · Exemption for senior citizens raised to Rs 2.5 lakh · Tax under women slab unchanged. · Tax exemption raised to Rs 5 lakh for senior citizens of 80 years. · To increase service tax onContinue Reading
NEW DELHI: The Economic Survey on Friday said India has the fourth largest foreign exchange reserves, which helped the nation to tide over global financial crisis . India’s foreign exchange reserves touched $ 297.3 bn in December, 2010 from $ 279.1 bn in March. “It needs to be acknowledged thatContinue Reading
The RBI (Reserve Bank of India ) revealed its plan to introduce plastic Indian currency in the market to address the fake currency issue. Amarendra Sahu, Regional Director of RBI, Lucknow said that stung by the increasing menace of Fake Indian Currency Notes (FICN), the RBI is contemplating to introduceContinue Reading
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