The Reserve Bank of India made the announcement of issuance of the Sovereign Gold Bond Scheme 2019-20 Series on various dates in tranches starting from tranche series V to tranche series X. In the notification dated October 3, 2019 RBI indicated dates the Bond issued to the investor of every tranche. Accordingly, the Bond issue…
Financial Inclusion refers to the process of financial access to all including those hitherto un-served poor population of the country. The major financial schemes launched by Government of India are Jan Dhan (PMJDY), Mudra loans (PMMY), Stand-up India, Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Atal Pension Yojana (APY),…
Latest edit: October 13, 2019: The ‘Pradhan Mantri Vaya Vandana Yojana ’ has been launched by the Government of India on May 4, 2017. LIC of India has been mandated to operate the scheme. The policy under the scheme was initially open for a short period of one year and was then extended to 31…
Atal Pension Yojana (APY) was launched on 9th May 2015. The Savings Bank account holder in the age group of 18 to 40 years in any bank or post office is eligible to subscribe at Atal Pension Yojana (APY). The subscriber has to make monthly contributions of the defined amount until he or she is…
The Government of India has announced issuance of the Sovereign Gold Bond Scheme 2019-20 Series in tranches starting from tranche series V to tranche series X every tranche which will be indicated on the Bond issued to the investor. Calendar of Issuance is as under: S. No. Tranche Date ofSubscription Date of Issuance 1…
The Reserve Bank of India, in consultation with the Government of India, issues Sovereign Gold Bonds from time to time in tranches. These bonds are a substitute for holding physical gold. Each of those tranches will be kept open for a specified period for investors to buy through banks, Stock Holding Corporation of India Limited…
The Finance Ministry, Government of India decided not to change interest rates on small saving schemes such as National Saving Schemes (NSS), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP) for the quarter beginning from October 1 to December 2019. The announcement covers small-saving schemes such as the Post Office Saving Accounts, Post Office…
The international bonds issued in a domestic country by a non-domestic entity are known as Euro Bonds, Foreign Bonds and global bonds. Whether it is a foreign bond, a Eurobond, Global bond or Foreign-Pay Bond or some other format, the investors in these bonds will get back in full the amount originally invested by them…
The Finance Ministry in its communication said that it has decided to keep the interest rate unchanged on small savings schemes for the three-month period beginning April 1.The announcement covers small-saving schemes such as the Post Office Saving Accounts, Post Office Time Deposits, the National Saving Certificates (NSC), the Public Provident Fund (PPF), the Kisan…
The real value of money is based on the concept of time value of money, in that one hundred Rupees of present day is worth more than the hundred Rupees received at a future date. Here, real value of money means what one unit of money is capable of purchasing; in short, its purchasing power.…