1. What is Sovereign Gold Bond (SGB)? Who is the issuer? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank … [Read more...]
Foreign Direct Investment – FDI: An Indian Perspective
Foreign direct investment (FDI) is an investment made by any company or an individual in the business concern of another country with a motive to start any business in other country or to become partner/ owner in the business of other country. Example: A citizen or a company in America when invest … [Read more...]
FIIs/RFPIs can now invest up to 100 per cent under PIS in M/s Crompton Greaves Consumer Electricals Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS). The … [Read more...]
Disclosure of the Impact of Audit Qualifications by the Listed Entities
CIRCULAR CIR/CFD/CMD/56/2016 May 27, 2016 To All Listed Entities All Recognized Stock Exchanges Dear Madam / Sir, Sub.: Disclosure of the Impact … [Read more...]
Government has approved fifteen Foreign Direct Investment (FDI)
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 232nd meeting held on 7thMarch 2016, the Government has approved fifteen Foreign Direct Investment (FDI) proposals involving FDI of Rs. 7261.6 crore and recommended one proposal for approval of CCEA involving FDI of Rs. … [Read more...]
Issue Date of the Sovereign Gold Bonds, 2015-16 shifted to November 30, 2015
Large number of applications have been received by the banks and post offices for Sovereign Gold Bonds, 2015-16. To enable smooth uploading of applications into RBI’s E-kuber system, particularly by the post offices, it has since been decided to shift the issue date of the Sovereign Gold Bonds from … [Read more...]
Government has Approved Six Proposals of FDI
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 226th meeting held on 30th October 2015, the Government has approved six proposals of Foreign Direct Investment (FDI) amounting to Rs. 1810.25 crore. The following six proposals have been … [Read more...]
Operational Guidelines of Sovereign Gold Bonds
Sovereign Gold Bonds, 2015-16 - Operational GuidelinesThis has reference to the GoI notification F.No.4(19)-W&M/2014 and RBI circular IDMD.CDD.No.939/14.04.050/2015-16 dated October 30, 2015 on the Sovereign Gold Bonds, 2015-16. FAQs in this regard have been placed on our … [Read more...]
Gold Monetisation Scheme, 2015 – FAQ
1. Query: Are banks required to obtain RBI approval to participate in the Gold Monetisation Scheme, 2015?Response: No. However, banks should submit to RBI the implementation details including names of the CPTCs and refiners with whom they have entered into tripartite agreement and the … [Read more...]
PM will launch the three Gold related Schemes on 5th November 2015
The Prime Minister Shri Narendra Modi will launch the three Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme and the Gold Coin and Bullion Scheme on Thursday, 5thNovember, 2015 in the national capital.The salient features of each of the aforesaid scheme are as … [Read more...]
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