ALTERNATIVE INVESTMENT


The NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange of India Ltd (NSE), has announced that trading in select US stocks will soon be facilitated through the NSE IFSC platform.   The offering will be in the form of unsponsored depository...

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The government on Saturday further relaxed regulatory provisions to operate small savings schemes, allowing Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) holders to complete their deposits for FY20 till 30 June 2020.   The three-month extension would be subject to...

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IANS 04 February 2020
The Ministry of Finance will soon allot special series rupee government bonds that are open for global and domestic investors. "Assuming that they meet size and liquidity criteria, they will be eligible for index inclusion and thereby provide access to this large and stable source of...

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Moneylife Digital Team 21 January 2020
National Stock Exchange of India Ltd (NSE) claims that it has emerged as the world's largest derivatives exchange in 2019 by number of contracts traded surpassing the CME Group, based on the statistics published by Futures Industry Association (FIA), a derivatives trade body.   The...

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Moneylife Digital Team 27 June 2019
The union ministry of finance has invited expression of interest (EoI) for appointing an advisor to help it launch exchange traded fund (ETF) for financial sector. The EFT would comprise shares of listed state-run entities like banks (PSBs), insurance companies and financial...

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Moneylife Digital Team 26 June 2019
The price of gold has crossed the $1400 mark which is significant as it has taken place after six years. The last time the price of gold was past this mark was 29 August 2013 after which it was a gradual descent. For 2016, 2017 and 2018 the price has averaged $1203, $1257 and $1269,...

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IANS 27 September 2018
Security market regulator Securities and Exchange Board of India (SEBI) has allowed stock exchange major BSE to launch "delivery-based futures contract in dold (1 kg) and silver (30 kg)".   According to the BSE, the trading of these contracts will be launched from October...

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IANS 18 September 2018
The government on Monday announced tax exemption on interest payable by Indian companies to non-residents, including foreign companies, on "masala bonds" issued till March 31, 2019.   Till now, interest payable on such bonds issued before July 1, 2020 was liable for concessional rate...

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Securities market regulator Sebi has eased norms for real estate investments trusts (REITs) and infrastructure investment trusts (InvITs) to raise funds from strategic investors.   According to a Sebi circular, REITs and InvITs can invite subscriptions from strategic...

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Moneylife Digital Team 07 September 2017
There is a significant breakthrough for thousands of people who are at the mercy of large builders after having paid for property, when they run into financial trouble. Media reports indicate that in two cases, Jaypee Infratech and the Aamrapali group, the insolvency regulator has brought in...

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Moneylife Digital Team 23 August 2017
RERA, or Real Estate (Regulation and Development) Act 2016 (quite a mouthful), is on the tongues of so many people-politicians, government officials, builders, developers, contractors, buyers. Most are agreed it’s a good thing, this Act of kindness by the government. But don’t bet on...

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Putting at rest the Sovereign Gold Bonds (SGBs) investors' worries over the pending dematerialisation (demat) of their allotted bonds, the RBI on Tuesday announced it had processed the demat requests, with the exception of those with incomplete details.   "The requests for...

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New Delhi : The third edition of the Sovereign Gold Bond (SGB) scheme, a component of the government's market borrowing programme, received a poorer response than the last round, getting a subscription of 1,128 kg gold, amounting to Rs.329 crore, an official statement said on...

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RAJ PRADHAN RAJ PRADHAN 05 February 2016
Second tranche priced to attract investors   The Reserve Bank of India (RBI) had fixed the public issue price of sovereign gold bonds (SGB) at Rs2,684 per gram (gm) for the first tranche of subscription (from 5 November to 20 November 2015). It got subscriptions for only 915.95kg of...

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New Delhi : The government will pay banks a 2.5 percent commission for mobilising gold under the gold monetisation scheme and depositors will be permitted premature withdrawal of the precious metal deposited, an official statement said on Sunday.   “The banks would be getting a 2.5...

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The second edition of sovereign gold bond scheme opened for subscription by resident Indians for five days from Monday, with the value of the commodity fixed at Rs.2,600 per gram of 99.9 percent purity, and an interest rate of 2.75 percent per annum.   "The bonds shall be denominated...

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IANS 27 November 2015
The first tranche of the Sovereign Gold Bond scheme has received an excellent response, garnering over Rs.240 crore, an official said on Friday.   "Gold Bond Scheme: 63000 applications for 917 kgs. gold amounting to Rs.246 cr in first tranche. Excellent response for an innovative...

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Raj Pradhan Raj Pradhan 27 November 2015
The government has launched the Gold Monetisation Scheme (GMS) aimed at bringing the idle gold reserves out from private holding for productive use. The Scheme replaces the existing Gold Deposit Scheme 1999 (GDS), which was offering pathetic returns. The minimum deposit requirement is raw...

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IANS 25 November 2015
The Reserve Bank of India (RBI) on Wednesday extended the issue date of the Sovereign Gold Bond scheme by four days to November 30 to enable their proper processing.   "Large number of applications has been received by banks and post offices. To enable smooth uploading of applications...

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Moneylife Digital Team 19 November 2015
Only 400 grams have been deposited so far under the gold deposit scheme and the government has agreed to review the scheme and open more centres for gold testing and depositing in banks, says a report   The gold deposit scheme launched amid fanfare by Prime Minister Narendra Modi two...

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