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RBI revises all in cost for ECB to 450 basis points
Reserve bank of India has revised the all in cost for External Commercial Borrowing (ECB) to 450 basis point above the bench mark rate. The rationalization and liberalization amendments announced by RBI on April 27, 2018 vide
Facilities under Liberalised Remittance Scheme (LRS) for Resident Individuals
In India, remittances to overseas were always subjected to controls and regulations. These restrictions were in place to ensure that uncontrolled overseas remittances do no drain the forex reserves of the country. However, there have always been
India ranks sixth in terms of total wealth
India ranks sixth among the wealthiest countries, says the New World Wealth report. The report states that the total wealth of India is $ 8,230 billion. This is based on the total wealth calculated as at the
External Commercial Borrowing (ECB)
External Commercial Borrowing, popularly known as 'ECB', are commercial loans raised by eligible resident entities from recognized non-resident entities confirming to conditions specified by Reserve Bank of India (RBI) from time to time. Borrowers preferring to opt
Bitcoin – Recent Trends
Bitcoin has been attracting headline for sometimes now. There have been advocates and opponents for the bitcoin. The value of bitcoin has seen both fast upward moves and dangerous downfall, in the recent past. What is
Closed End and Open End Mutual Fund schemes
Mutual funds can be classified under two categories based on the method of investment options provided to investors. They are a. Closed End Funds and b. Open End Funds. A. Closed End Mutual Fund scheme. The features
Trade War
Trade war is a situation that arises when a country increases tariff on the imports from another country and the second country retaliates to the action in the same manner. What is meant by trade war? Suppose
DSP BlackRock Mutual Fund: Change in Fundamental Attributes of Schemes
DSP BlockRock Mutual Fund has decided to make certain changes in fundamental attributes of its various schemes. According to the fund, the changes have been made in tune with the directions issued by Securities and Exchange Board
Long Term Capital Gain (LTCG) Tax proposal on Shares and Units of Mutual Fund
Long-term capital gains (LTCG) refer to the gains made on any class of asset held for more than a specified period of time. In India, in case of equity shares and units of equity oriented mutual funds,
Short Term Capital Gains Tax (STCG)
Short term capital gain is the gain (profit) arising from transfer of a capital asset that the assessee was holding for period less than 36 months. However, in select cases, the upper ceiling of period is 12