[Updated up to December 28, 2023, in terms of RBI circular dated 28.12.2023] MSME stands for Micro, Small and Medium Enterprises. MSMEs are businesses that produce, process, and preserve goods and commodities. The government of India (GoI), vide Gazette Notification S.O. 2119 (E) dated June 26, 2020, has notified new criteria for classifying the enterprises…
The holidays declared under the NI Act apply exclusively to the banks located within the administration area of a specific State or Union Territory. In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions similar to any other working day. States and Union Territories of…
Market dynamics refer to the forces that change in the supply and demand curve and consequently, that influences the prices of a specific commodity or service in an economy. It is our common knowledge that market prices are determined via demand and supply. If the demand for a product is more than the supply, the…
The Governments of Punjab, Haryana, Chandigarh Himachal Pradesh have declared Holidays under the explanations of section 25 of NI act 1881. The Statewise list of holidays above states are as under: The holidays declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In…
Human Resources Department, Government of Haryana in its order No.28/67/2008-1HR-I dated 22.12.2023 has released the Holiday Calendar for the Year 2024. The letter conveyed that the holidays enumerated in the schedule below shall be observed as public holidays under the explanation of section 25 of the Negotiable Instruments Act 1881 List of holidays Sr.No Date…
RBI on Tuesday said that Regulated entities (REs) like Banks/FIs make investments in units of AIFs as part of their regular investment operations. However, it added that certain transactions of REs involving AIFs that raise regulatory concerns have come to their notice. The full form of AIF is the Alternate Investment Fund. AIF means any…
Meaning of green deposits: The provisions of the framework for green deposits raised in India after June 01, 2023. A green deposit means an interest-bearing deposit, received by Regulated Entities (RE) like Commercial Banks, Small Finance Banks (excluding Regional Rural Banks, Local Area Banks, and Payments Banks), and deposit-taking NBFCs for a fixed period, the…
Globalization is the free movement of people, goods, and services across boundaries. Due to Globalization, trade, and technology have made the world a more connected and interdependent place because of the expansion of trade, cross-border commerce, and access and engagement to financial markets and trading. While this connection has global benefits, it can also enable…
AIF is an acronym for ‘Alternate Investment Fund’. AIFs are structured as trusts, limited liability partnerships (LLPs), or companies that can be registered with SEBI. These entities are Indian investment vehicles that collect funds from sophisticated investors, whether Indian or foreign, for investing by a defined investment policy. AIFs are regulated by the Securities…
The list of Bank Holidays for the year 2023 in Madhya Pradesh State under section 25 of NI Act 1881 is as under Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHASHIVARATRI 4 25.03.2024 Monday HOLI 2nd Day 5 29.03.2024 Friday GOOD FRIDAY 6 01.04.2024 Monday Annual closing of Banks…