[This article offers process of credit facilities to film industry under cash budget & Line of credits (LOCs)] The feature film production involves buying script, evolving screenplays, dialogs, scouting site location, film shooting, music recording, lab processing and post-production activities such as editing, dubbing, re-recording, mixing, taking final prints, obtaining censor clearance and release of…
[This post answers questions about the rules related to addition or deletion of names in FD, TDS in case of joint accounts, interest calculation in leap year, conditions for deposits held in minor’s name, transfer of fixed deposits, interest payment on prematurely closed deposits, renewal of Overdue deposits, and deposits in the joint names of…
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme, which is administered by LIC, offers life insurance cover worth Rs 2 lakhs to all the bank SB account holders between 18 to 50 years of age at a premium of Rs 330 per annum. Settlement of Claim The nominee has to approach the Bank where the…
Latest: A few sections relating to registration of security interest by secured and other creditors, the effect of registration of transactions, right of enforcement of securities, and priority to secured creditors were not notified in the said amendment. In view of the foregoing Section 17 to Section 19 of the 2016 Act have been notified…
(This article elucidates comprehensively about S4A (‘Scheme for Sustainable Structuring of Stressed Assets’) to tackle the problem loans of large projects. The article also covers S4A- post resolution, with regard to management issues, Asset Classification, and Provisioning) The newly announced ‘Scheme for Sustainable Structuring of Stressed Assets’ (S4A) by RBI is outlined to tackle the…
The interest rates for small savings schemes for the quarter July 2016 to September 2016 kept unchanged, as per announcement of the Government (finance ministry). Accordingly, the interest rates for the investments in the small savings schemes remain the same as in the previous quarter. The details of the interest rate applicable on various small saving…
The Government of India introduced major changes in FDI policy on Monday, Jun 20, 2016, bringing most sectors and activities under the automatic approval route. The changes introduced now simplifies the regulations governing foreign investments, and increase sectoral caps with a small negative list. These amendments are the second sweeping changes in FDI policy after…
(The importance of FDI is explained in this article in questions and answers format. The questions are like What way FDI is useful to domestic economy?, Why overseas entities invest in other countries?, Why India attracts FDI?, Why shop-keepers, businessmen and some political parties in India oppose FDI?, Is there any restriction for FDI?, What…
In a leading move to the consolidation of struggling public sector banks, Union Cabinet today (15th Jun 2016) has approved take over of State Bank of Bikaner and Jaipur, State Bank of Hyderabad , State Bank of Mysore and State Bank of Travancore by State Bank of India. The Government sources said that the above move is…
(This article elucidates self-help groups, their activities, bank loan facilities, advantages of lending to SHGs, Aajeevika- National Rural Livelihoods Mission (NRLM) for women SHGs in rural areas.) Self Help Groups (SHGs) are important because they help the poor access financial services, generate employment, and address social issues, especially in rural areas where many people don’t…