Currency limit for purchase from duty-free shops increased
The Central Board of Excise & Customs has amended the rules for purchase of goods from duty-free shops. The Government of India communication dated July 8, 2016, states that the Indian currency limit is increased purchase limit from Rs.5000/- to Rs.25000/- at duty-free shops. The above revision is in order to avoid paying excessive exchange…
Read article
All about feature films financing
[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…
Read article
PMJJBY and PMSBY insurance Schemes
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…
Read article
All about ‘S4A’: The Scheme for restructuring Stressed Assets
(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…
Read articleInterest rates for small savings schemes for the quarter July 2016 to September 2016
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…
Sweeping amendments in FDI rules
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…
Read article