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third tranche of electoral bonds to go on sale from may 1: finance ministry




the finance ministry on tuesday said the third tranche of electoral bonds sale will take place from may 1-10.electoral bonds are being pitched as an alternative to cash donations made to political parties and bring transparency in political funding. "state bank of india (sbi), in the 3rd phase of sa...



electoral bond issue sees rs 2-bn sale, available at select sbi branches




india sold rs 2.22 billion of bonds in the maiden issue of electoral bonds, which donors can buy from scheduled banks to pay political parties without revealing their identities, parliament was informed on friday. the maiden issue opened for subscription for 10 days beginning march 1. "the amount co...



electoral bond issue sees rs 2-bn sale, available at select sbi branches




electoral bonds worth rs 2.2 billion were sold in their maiden issue, which opened for subscription for 10 days beginning march 1, parliament was informed on friday. these bonds are bought from scheduled banks by donors that can contribute to political parties’ funding without revealing their iden...



finmin to issue recapitalisation bonds to psbs in jan




the ministry of finance is likely to issue the first tranche of recapitalisation bonds to public sector banks (psb) in early january, official sources from the ministry have confirmed. the recapitalisation bonds will not be sold in open market and will be issued to all banks. apart from this, the go...



news digest: bank recap bonds, sale of stressed assets, and more




atc to buy voda, idea towers for rs 7,850 cr: what this means for industry a subsidiary of american tower corporation (atc) on monday signed an agreement to buy 20,000 mobile towers owned by vodafone india and idea cellular for $1.2 billion (rs 7,850 crore at the current exchange rate), kicking off ...



individuals, ngos can buy electoral bonds without public disclosure




it isn’t only companies that have been allowed to make anonymous donations to political parties through electoral bonds. the fine print of the scheme announced by the finance ministry on thursday also allows individuals, groups of individuals, ngos, religious and other trusts, hindu undivided fami...



irfc's rs 50-bn bond issuance to lic gets govt guarantee: finmin




indian railway finance corporation's (irfc) rs 50 billion bond issuance to lic will have a government guarantee, the finance ministry said on tuesday. "the ministry of finance has approved the government guarantee of rs 50 billion in the current financial year for the irfc bonds to be subscribed by ...



electoral bonds: more opacity than transparency?




want create site? find free wordpress themes and plugins.above: (l-r) former up cm akhilesh yadav at a road show; finance minister arun jaitleythe ostensible aim of introducing electoral bonds was to remove cash donations from political funding and thereby, black money. instead, it will lead to cron...



electoral bonds: withholding donors' names a regressive step, says congress




the congress on wednesday hit out at the central government over the introduction of electoral bonds, alleging that withholding the donors' names was a "regressive step" and would give unlimited access to the ruling party to misuse official machinery to "coerce" them.chief spokesperson of the congre...



recapitalisation bonds for reviving psu banks won't have same tenure




the union government is mulling different tenures for its rs 1.35-trillion recapitalisation bonds for reviving public sector banks. in doing so, the government may follow a different practice than the one adopted in its previous recapitalisation bond exercise in 1993-94 when it had a fixed tenure fo...



govt may infuse rs 70,000 cr into psbs through recap bonds in next 4 months




the finance ministry may infuse about rs 70,000 crore through recapitalisation bonds in the npa-hit public sector banks in the next four months, sources said.last month, finance minister arun jaitley had announced an unprecedented rs 2.11 lakh crore two-year roadmap for strengthening public sector b...



govt notifies electoral bonds




the government on tuesday notified electoral bonds scheme in a bid to clean up election funding mechanism in the country.finance minister arun jaitley announced the terms of issuing such bonds in parliament.the bonds will be a bearer instrument in the nature of a promissory note and an interest-free...



govt not closing 8% savings bond, economic affairs secretary clarifies




economic affairs secretary subhash chandra garg on tuesday clarified that the government of india is not closing subscription for the 8 percent savings bonds scheme, instead, replacing it with 7.75 percent savings bonds scheme. earlier on monday, certain sections of the media had reported that the g...



irfc hopes to raise rs 1,000 crore from capital gains bonds




aims at listing by financial year-end or q1 of fy19jayajit dash  |  bhubaneswar  last updated at december 23, 2017 19:38 isthttp://mybs.in/2ubcqmu train | representative imageindian railway finance corporation (irfc), the financing arm of the indian railways, aims to mop up rs 1,000 crore from it...



govt open to proposals to further cleanse pol funding: jaitley




the electoral bonds mechanism is a substantial improvement in transparency over the present system and the government is open to suggestions to further cleanse political funding, finance minister arun jaitley said today.in a facebook post, jaitley said the conventional practice of funding the politi...



presstv-russia unveils plan to sell $1bn of yuan bonds




russia says it will start selling yuan-denominated sovereign bonds to chinese investors for the first time in what appears to be a strategy to provide a new source of funding at a time that relations with the west have become soured over political disputes.  russia’s finance minister anton siluan...



govt open to proposals to further cleanse political funding: arun jaitley




the electoral bonds mechanism is a substantial improvement in transparency over the present system and the government is open to suggestions to further cleanse political funding, finance minister arun jaitley said on sunday.in a facebook post, jaitley said the conventional practice of funding the po...



electoral bonds for political donations likely to fail the tax test




amidst the divided opinions on whether electoral bonds as a tool will be effective in curbing the use of black money in the election process, there appears to be a question mark over their tax-exemption status. donations made through an electoral trust, a section 25 not-for-profit company, are eligi...



jaitley outlines contours of electoral bonds for political parties' funding




in a bid to clean up election funding, finance minister arun jaitley today came out with contours of new 'electoral bonds' that can be bought from specified branches of sbi and used to donate money to political parties.the bearer instrument will not carry the name of the payee and can be bought for ...



electoral bonds: jaitley alleges most parties opposing political cleanup




finance minister arun jaitley on sunday said that most political parties are "fairly satisfied" with the present system of political funding and would not like to move on to a transparent system such as electoral bonds. "india has not been able to evolve a transparent political funding system... mos...



no plan to make aadhaar mandatory for electoral bonds scheme: govt




there is no plan to make aadhaar mandatory for donors under the electoral bonds scheme, which is aimed at bringing transparency in funding of political parties, the government has informed the lok sabha. the government had notified the scheme on january 2. "there is no proposal currently to make the...



electoral bonds deeply regressive move: yechury




comparing contesting elections to a "business enterprise" only for the wealthy, cpi(m) on tuesday called for stringent reforms and criticised the government action to roll out electoral bonds as a "deeply regressive move" that shields donors from the "gaze of the electorate".cpi(m) general secretary...



finance ministry ponders bill on sale of encroached land | business




the finance ministry is drafting a plan for the sale of land which has been encroached on to the perpetrators, aiming to bolster state revenues for the 2018-19 period.it has already set up a committee to examine the terms and conditions for the acquisition of land by trespassers.ministry data show t...



finance ministry refutes antonopoulou claim on 12-tranche tax payment | business




alternate social security minister rania antonopoulou and finance minister euclid tsakalotos. finance ministry sources shot down claims by alternate social security minister rania antonopoulou about the payment of taxes in 12 installments, saying such a measure is not on the table.antonopoulou confi...



greece planning new bond issue next year | business




tags:finance, marketsgreece is planning new bond issues in 2018, according to the finance ministry’s draft budget released on monday, which said they will include an exchange of bonds issued under a previous debt write-down in 2012 with new ones. [reuters]online