2G Scam is the biggest scam to hit Indians. CAG has already submitted it’s report wherein it has pointed irregularities by A.Raja as the Minister and the DoT in spectrum allocation to companies in 2007/08. Opposition has been demanding a JPC probe on 2G Scam and has held Parliament to randsom by not allowing it … Read more
From 15th November 2010, MF invests can be made by self-issued cheque only. You cannot invest using your friend’s, relative’s or spouse’s issued cheque. All investments with third-party cheques will be rejected. Exceptions to this: 1. Investor for Minors – Up to Rs.50,000/- by the Parent/ Grand Parent/ Related Person 2. Employer on behalf of … Read more
With effect from 1st January 2011, KYC will be mandatory for all investors irrespective of amount of investment. In case of investment for a minor, Guardian/Parent who is investing on behalf of the minor must be KYC complaint. Impact of this move: 1. Even small investors have to now register for KYC. 2. Address updates … Read more
There is much hype about Democracy being the best way to govern a country. Other forms of governance like communism, dictatorship, feudalism (king rules) are all against the basic rights of an individual. So is Democracy the best? Let’s start with identifying how to measure which is the best? – Should we take the economic … Read more
RBI has announced the change in Charges for NEFT & RTGS w.e.f. 15th November 2010. The revised charges are as below: RTGS – New Minimum limit = Rs.2 Lakhs Amount Charges 2Lakhs – 5Lakhs Rs.25/- Above 5Lakhs Rs.50/- NEFT Amount Charges Up to 1Lakh Rs.5/- 1Lakh – 2Lakhs Rs.15/- Above 2Lakhs Rs.25/- According to RBI … Read more