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Sovereign Gold Bonds opens for subscription on August 22: What is the issue price of SGB? [ad_1] The second tranche of the Sovereign Gold Bonds (SGB) subscription opened on August 22 and will close on August 26, 2022. The RBI issues SGBs on behalf of the government of India at a set issue price. Who can invest in SGB? The ...

RBI likely to set 7.23% cutoff yield on new 10-year bond: Reuters poll The Reserve Bank of India will likely set a cutoff yield of 7.23 per cent on 130 billion rupees ($1.63 billion) of the new 10-year bond being auctioned on Friday, according to the median estimates in a Reuters poll of 11 traders. India’s federal ...

Problems of small businesses – The Economic Times [ad_1] It is not easy to be a small businessman, wrote one of my readers. Much as he tries to get his personal finances in order, he finds himself failing. We decided to discuss, over several weeks, many aspects of his financial position. A small business is simply an understanding of an ...

Want to invest in liquid mutual funds? Know the costs, NAV applicable, how to redeem [ad_1] Financial goals can have different time horizons. For short-term goals, one can opt to let the funds lie idle in a bank account, or put this money to work by investing in mutual funds that are meant for short periods. For such requirements, investors ...

Silver, gold, platinum prices: Price trends for week ending August 18, 2022 [ad_1] Russian Banks Line up for A/cs with Indian Lenders More than 15 Russian banks are in advanced talks with Indian lenders to facilitate bilateral business in their respective local currencies, bypassing the established trade mechanism tied to the US dollar, and are working on building a bespoke ...

DICGC to make payments to depositors of 17 co-op banks in October The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of 17 cooperative banks, including eight from Maharashtra, in October. The Reserve Bank of India (RBI) had imposed several restrictions, including on withdrawals, by depositors of these 17 banks ...

Used cash in hospitals, party halls? I-T dept will target you [ad_1] (This story originally appeared in on Aug 20, 2022) NEW DELHI: With an eye on detecting cash transactions, the income tax department has set its sights on hospitals (as several are not collecting PAN from patients), banquet halls and certain professionals. Besides, smaller towns such as Alwar, Kota ...

RBI’s net forward book shrinks $34.94 bn in first 3 months of FY23 The Reserve Bank of India’s outstanding net forward purchases of US dollars declined by a massive $18.33 billion in June as the central bank intervened in both the forwards and the spot market in order to protect the rupee from excessive depreciation in the face of ...

Travel now, pay later: Vacation loan demand up [ad_1] (This story originally appeared in on Aug 20, 2022) CHENNAI: Indians are thronging foreign destinations with a vengeance as most countries have opened up for tourists after pandemic-induced curbs. A combination of pent-up demand and financial stress means that many of them are opting to pay for their international vacation with ...

Digilocker : 6 reasons why Digilocker is a must for NPS subscribers [ad_1] As good as originals The Ministry of Electronics & IT (MeitY(Digital )’s India programme) main project is called DigiLocker. It is a digital empowerment tool that gives citizens access to real digital records. According to aPFRDA circular issued recently, “The issued documents in DigiLocker are treated at ...