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SEBI orders closure of unauthorised collective investment schemes run by PACL

In its biggest-ever crackdown on a ponzi scheme, the Securities and Exchange Board of India - SEBI on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Limited and refund investors' money within three months.As per Sebi's order, the total am...


PlanComm veterans to deliberate on it’s replacement on Aug 26

The Planning Commission has called a meeting of its former Deputy Chief and members on 26th of this month to deliberate on the structure of the new body which will replace the 64-year-old institution. Sources said that, the Commission has invited former members and some experts to attend the meeting...


RBI notifies increased PPF deposit limit of Rs 1.5 lakh per year

RBI has notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees earlier. This is in pursuance to an announcement made by the Finance Minister Arun Jaitley earlier this month. After the new ruling, people can now deposit up to 1.5 lakh rupees annu...


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