Sovereign Gold Bonds 2021-22 will be issued in six tranches, said the Finance Ministry
Sovereign Gold Bond: The central government, in consultation with the Reserve Bank of India (RBI) today decided to issue the schedule for the Sovereign Gold Bonds Scheme 2021-22. The Sovereign Gold Bonds Scheme 2021-22 will be issued in six tranches, starting from May 2021 to September 2021. According to a statement released by the Ministry of Finance on Wednesday, May 12, the subscription for the first tranche of Sovereign Gold Bonds Scheme 2021-22 will open on May 17, 2021, and will end on May 21, 2021, remaining open for investors for a period of five days.
Nomination facility for your joint holdings
Nita Mukherjee
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There is a positive development for holders of Government of India bonds who are using the demat account of Stock Holding Corporation of India Limited (SHCIL). Since 13th April, their ‘system’ has started accepting applications for nomination in the case of joint-holders of GoI Bonds.
Moneylife. More so since it is really a case of
Moneylife impact!
For several years, I have been putting a small part of my savings into GoI bonds subscribed through SHCIL. All the holdings are in joint names. While making the application, I was informed that for joint holdings, there is no provision for nomination. The usual pitch was that it was not necessary because the holdings were in joint names. And, while I did not accept the logic, I had not really gotten down to insisting on my right to nominate, for a relatively easier way of transmission of the holdings.
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LIC dumps subsidiary SHCIL: how it will dampen competition and weaken market infrastructure
Life Insurance Corporation of India s (LIC) building at Parliament Street in New Delhi on February 4, 2021.
Synopsis
In the interest of the ecosystem, LIC needs to consider the long-term impact of its decision, which will result in unnecessary consolidation of revenues and reduce competitiveness. As the country s largest financial institution, it has a role in maintaining balance in the system, and strengthening financial institutions and critical market infrastructure.
India’s largest insurance company, Life Insurance Corporation, is not only preparing for an IPO, it’s also clinically severing ties with its subsidiaries, among the most prominent being Stock Holding Corporation of India Ltd (SHCIL). SHCIL has been the sole custodian for LIC, but now the insurance behemoth has decided to look for a new custodian for its massive portfolio of stock and bonds.In late March, L
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The Allahabad High Court recently dismissed a writ petition filed by the All UP Stamp Vendors Association, seeking continuation of judicial and non-judicial stamp paper in its physical form.
A Single Bench of
Justice Yashwant Varma dismissed the Association s contention that discontinuation of paper stamps by the State Government violates the constitutional protections guaranteed by Articles 19(1)(g), 21 and 38 of the Constitution.
At the outset, it was observed that merely because the Government has introduced E-Stamping Rules, does not show that it has discontinued the use of physical stamp altogether. Even otherwise, the Association s members right to deal in stamps is not a right but it is founded exclusively on the license granted under the UP Stamp Rules 1942.
MUMBAI: The National Stock Exchange, the country’s biggest bourse, has seen its valuations surge 80% in the past six months as investors begin to factor in strong growth amid strong retail trading volumes and returns from IPOs last year.
NSE shares are currently traded at Rs. 1,750 apiece in the unlisted market compared with Rs. 900-1000 in September last year, said brokers. At the current price in the unlisted market, NSE is valued at Rs 87,000 crore.
“NSE shares in the unlisted market rallied sharply over the last six to eight months following excellent numbers the stock exchange has reported in the last few quarters,” said Narottam Dharawat, founder of Mumbai-based Dharawat Securities. “Currently, NSE shares are traded in the range Rs 1700-1800 apiece”.