Tag Archives: Finance

Can’t Give Info If Finance Minister Was Consulted Before Demonetisation

New Delhi: Whether views of the Chief Economic Advisor and the Finance Minister were taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8? The Reserve Bank of India feels this query cannot be answered under the Right to Information Act as it does not comes under the definition of information ... Read More »

On RBI Governor, You’ll Know Conclusion, Not Process: Finance Minister

No decision has yet been reached to appoint next RBI governor, Arun Jaitley said. New Delhi:┬áNo decision has yet been reached to appoint India’s next central bank governor, Finance Minister Arun Jaitley said on Thursday, 18 days before the incumbent is due to stand down. A senior aide to Prime Minister Narendra Modi said he was “expected to make up ... Read More »

Bajaj Finance To Consider Stock Split

New Delhi:┬áBajaj Finance will consider stock split at a board of directors’ meeting later this month. The meeting, to be held on July 26, will also consider issue of bonus shares. “At the said meeting, the board may consider sub-division of equity shares of the company of face value of Rs 10 each, and issue of fully-paid bonus equity shares ... Read More »

Opinion: The EPF Tax And Other Personal Finance Issues

As far as the personal finance community is concerned, the entire discourse on Budget 2016 has been hijacked by the storm surrounding the proposed taxation of withdrawals from Employees Provident Fund and providing an exemption to 40 per cent of the NPS corpus withdrawn. The issue can be explained like this: in the case of the Employees Provident Fund, both ... Read More »