The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. The NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country. Vikram Limaye is Managing Director & Chief Executive Officer of NSE.
Syndicate Bank is one of the oldest and major commercial banks of India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the Government of India. The Bank is headquartered in the university town of Manipal, India.
A venture capital trust or VCT is a highly tax efficient UK closed-end collective investment scheme designed to provide private equity capital for small expanding companies, and income and/or capital gains for investors. VCTs are a form of publicly traded private equity, comparable to investment trusts in the UK or business development companies in the United States.
The Sampoorna Grameen Rozgar Yojana was a scheme launched by the Government of India to gain the objective of providing gainful employment for the rural poor. From 1 April 1999, EAS became an allocation-based scheme. The programme was implemented through the Panchayati Raj institutions.
The Tax-Free Savings Account is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends, earned in a TFSA is not taxed in most cases, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a Registered Retirement Savings Plan (RRSP).
The National Pension System (NPS) is a voluntary defined contribution pension system in India. National Pension System, like PPF and EPF is an EEE (Exempt-Exempt-Exempt) instrument in India where entire corpus escapes tax at maturity and entire pension withdrawal amount is tax-free.
National Mission for Enhanced Energy Efficiency (NMEEE) is one of the eight missions under the National Action Plan for Climate Change taken by the Indian government to promote the market for energy efficiency by fostering innovative policies and effective market instruments. Its roots lie in the overall objective of The Energy Conservation Act of 2001. The mission document, which was approved in 2010, established the immense energy efficiency potential of India, which was about Rs. 74,000 crores. The Mission, upon its complete execution, envisages to achieve total avoided capacity addition of 19,598 MW, fuel savings of around 23 million tonnes per year and green house gas emissions reductions of 98.55 million tonnes per year. A recent World Bank study has estimated the country's energy efficiency market to be at 1.6 lakh crores.
Geojit Financial Services Ltd. is an investment services companies in India headquartered in Kochi, Kerala. It operates a network of offices across India and the Middle East. Geojit was the first company in India to launch online-trading facilities, develop franchise models of sub-broking, form joint ventures in West Asia and the first to begin commodity futures trading in pepper, cardamom, gold and silver in India.
Equity-linked savings scheme popularly known as ELSS are close-ended,lock-in period of 3 years diversified equity schemes offered by mutual funds in India. They offer tax benefits under the new Section 80C of Income Tax Act 1961. ELSS can be invested using both SIP(Systematic Investment Plan) and lump sums investment options. There is a 3 years lock-in period, and thus has better Liquidity compared to other options like NSC and Public Provident Fund.
Securities Transaction Tax (STT) is a tax payable in India on the value of securities transacted through a recognized stock exchange. As of 2016, it is 0.1% for delivery based equity trading. The tax is not applicable on off-market transactions or on commodity or currency transactions. The original tax rate was set at 0.125% for a delivery-based equity transaction and 0.025% on an intra-day transaction. The rate was set at 0.017% on all Futures and Options transactions. STT was originally introduced in 2004 by the then Finance Minister, P. Chidambaram to stop tax avoidance of capital gains tax. The government reduced this tax in the 2013 budget after a lot of protests for years by the brokers and the trading community. The revised STT for delivery-based equity trading is 0.1% on the turnover. For Futures, the tax has been reduced to 0.01% on the sell-side only. For Equity Options, the STT has been reduced to 0.05% on the sell side of the premium amount. The rest of the tax structure remains as is. Securities transaction tax is a direct tax. Securities Transaction Tax is levied and collected by the union government of India. STT can be paid by the seller or the purchaser depending on the transaction. The Securities Contract (Regulation) Act, 1956 defines Securities the transaction of which are taxable under STT. Provisions are given in the Security Transaction Tax sub-head that appears under the list of Acts on the Income Tax Website. https://www.incometaxindia.gov.in/pages/acts/securities-transaction-tax-act.aspx
Deen Dayal Upadhyaya Gram Jyoti Yojana is a Government of India scheme designed to provide continuous power supply to rural India. The government plans to invest ₹756 billion (US$11 billion) for rural electrification under this scheme. The scheme will replace the existing Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY).
HDFC securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. It is one of the leading stock broking companies in India and have completed 19 years of operation. HDFC securities was founded in the year 2000 and is headquartered in Mumbai with branches across major cities and towns in India.
2015 Union budget of India refers to 2015–2016 Union budget of India. The beginning of the budget printing began on 19 February 2015 with the traditional halwa ceremony. From 20 February until the presentation of budget about 100 government employees remained locked up in the North Block of the Secretariat Building, New Delhi, which houses the budget printing press, to maintain secrecy. The budget was presented on 28 February by Finance Minister Arun Jaitley.
Angel Broking is an Indian stockbrokerage firm established in 1987. The company is a member of the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), National Commodity & Derivatives Exchange Limited (NCDEX) and Multi Commodity Exchange of India Limited (MCX). It is a depository participant with Central Depository Services Limited (CDSL). The company has 8500+ sub-brokers and franchisee outlets in more than 900 cities across India.
Pradhan Mantri Awas Yojana (PMAY) is an initiative by Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. It has two components: Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for the urban poor and Pradhan Mantri Awaas Yojana (Gramin) for the rural poor. This scheme is converged with other schemes to ensure houses have a toilet, Saubhagya Yojana electricity connection, Ujjwala Yojana LPG gas connection, access to drinking water and Jan Dhan banking facilities, etc. Cumulative total number of funded houses approved thus far is 39,25,240 in urban area including the subsumed RAY scheme and completion of construction of 5 million rural houses by March 2018 and 10 million rural houses by March 2019.
Mahatma Jyotiba Phule Jan Arogya Yojana, previously Rajiv Gandhi Jeevandayee Arogya Yojana (RGJAY), is a Universal health care scheme run by the Government of Maharashtra for the poor people of the state of Maharashtra who holds one of the 4 cards issued by the government; Antyodaya card, Annapurna card, yellow ration card or orange ration card. The scheme was first launched in 8 districts of the Maharashtra state in July 2012 and then across all 35 districts of the state in November 2013. It provides free access to medical care in government empanelled 488 hospitals for 971 types of diseases, surgeries and therapies costing up to Rs.1,50,000 per year per family. As of 17 January 2016, around 11.81 lakh procedures amounting to Rs.1827 crore have been performed on patients from 7.13 lakh beneficiary families which includes over 7.27 lakh surgeries and therapies. The scheme is called successful amid some allegations of hospitals directly or indirectly causing patients to incur out-of-pockets expenses on some part of the treatment.
2017 Union Budget of India is the
Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. Its main offices are in Mumbai. The company employs over 2,100 people.
The 2018 Union budget of India was the annual financial statement (AFS), demand for grants, appropriation bill and finance bill of India for the financial year 2018-19.
