Do you know what is a hybrid security?
A hybrid security is a single financial security that combines two or more different financial instruments. Following the budget 2023, hybrid instruments held for longer than a year are now more tax advantageous than debt funds because they are subject to a 20% tax rate and may even be eligible for an indexation benefit. Contrarily,…
Read articleBank Holidays 2024 under N.I.Act: Assam State
The Government of Assam declared the following holidays for the year 2024 under section 25 of the NI Act 1881. These holidays apply exclusively to the banks located within the State of Assam administration. Sr.No Date Day Occasion/Festival Date 1 15.01.2024 Monday MAGH BIHU and TUSU PUJA 2 23.01.2024 Tuesday NETAJI JAYANTI 3 26.01.2024 Friday…
Read articleBank Holidays 2024 under N.I.Act: Arunachal Pradesh
The government of Arunachal Pradesh in its circular no.GA-10/2015 dated 26.9.2023 declared the calendar of holidays for 2024 under the explanation of section 25 of NI Act 1881 Sr.No Date Day Occasion/Festival Date 1 01.01.2024 Monday NEW YEAR DAY 2 14.01.2024 Sunday MAKARA SANKRANTI 3 26.01.2024 Friday REPUBLIC DAY 4 20.02.2024 Tuesday STATEHOOD DAY 5…
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Bank holidays 2024 in Lakshadweep UT
The Administration of Lakshadweep vide order no. F.No.32/02/2018-Genl./4076 dated 10.11.2023 declared Public holidays to be observed throughout UT Lakshadweep during the calendar year 2024. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday SHIVRATHRI 3 25.03.2024 Monday HOLI 4 29.03.2024 Friday GOOD FRIDAY 5 01.04.2024* Monday ANNUAL CLOSING OF BANKS’ ACCOUNT…
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Bank holidays 2024 : Jammu and Kashmir
The Administration of Jammu Kashmir UT in the exercise of the powers conferred by the explanation of Section 25 of Negotiable Instruments Act, 1881 (Central Act 26 of 1881) read with Government of India, Ministry of Home Affairs Notification No.20/25/56/Pub-l5t dated November 30, 1957, declares following days to be public holidays during the calendar year,…
The Role of IRDAI in Insurance Industry
The Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., the Insurance Regulatory and Development Authority Act, 1999 (IRDA Act, 1999) for overall supervision and development of the Insurance sector in India. The Authority acts as the regulator of the insurance industry in India and…
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