Vidya Lakshmi (www.vidyalakshmi.co.in), a web-based portal has been launched by the Union Government on the occasion of Independence Day i.e. 15th August, 2015 for the benefit of students seeking Educational Loans. Vidya Lakshmi Portal is a first of its kind website providing single window for Students to access information and also make application for Educational Loans provided by […]
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EPFO to invest in Stock markets (Equities) for the first time!
If you are a salaried individual, a portion of your salary may be invested with EPFO (Employees Provident Fund Organization). Like this, approximately 5 to 6 crore salaried individuals are contributing to EPF Scheme. EPFO has a 64 year long history and all these years it has been investing only in safer debt instruments (Fixed […]
List of Entities barred by SEBI from raising money under ‘Collective Investment Schemes’
Securities Exchange Board of India (SEBI) cautions investors not to invest in ‘Collective Investment Schemes‘ offered by the entities that are barred by it. It has issued a press release on 29th July, 2015 and provided the list of such barred business entities or companies. These companies are not registered with SEBI and have been collecting […]
Electronic Verification Code (EVC) for E-verification of Income Tax Returns Filing
Online filing of Income Tax Return is paperless, only if the person has a digital signature. Taxpayers who did not have a digital signature had to post a physical copy of the ITR V form to the Central Processing Centre (CPC) in Bengaluru, within 120 days of filing tax returns online. Good news.. The Central […]
Greece Financial & Debt Crisis : Details, Causes & Lessons
Greece is the birthplace of Western civilization, modern democracy, the Olympic Games, new ideas in science / art / philosophy and also the birthplace of Alexander the Great. About 2,500 years ago, the Greeks created a way of life that other people admired and copied. Now, Greece is falling apart. Greece’s economy is on the […]
Avoid using PAN card as an Identity Proof – Know when to quote PAN
PAN (Permanent Account Number) was introduced way back in 1972 (old series format). PAN card has now become an important and ‘must have’ document. It enables the Income Tax (IT) department to link all financial transactions of an individual with the department. It is mandatory to quote your PAN in various financial transactions. IT department […]
