t;Finance Minister’s Reply on the Finance Bill 2011-12 in Lok Sabha” plus 3 more

t;Finance Minister’s Reply on the Finance Bill 2011-12 in Lok Sabha” plus 3 more


Finance Minister’s Reply on the Finance Bill 2011-12 in Lok Sabha

Posted: 25 Mar 2011 09:11 PM PDT


PRESS RELEASE, DATED 22-3-2011 Madam Speaker, It is unfortunate that the colleagues from across the House chose not participate in the discussion on the Finance Bill 2011-12. In a democratic polity the Government stands to benefit from inputs from colleagues from both sides of the House. In turn, they have an opportunity to lend their voice and expertise to influence public policy in the...

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Finance terms Meaning starts from D

Posted: 25 Mar 2011 08:40 PM PDT


NameDescription Date Of RedemptionThe date specified for the redemption of a scheme. No such date is specified for an open-ended scheme. Death BenefitsDeath Benefits refer to the amount of money paid to the nominee on the death of the insured. Debt / Income FundsFunds that invest in income bearing instruments such as corporate debentures, PSU bonds, gilts, treasury bills, certificates of deposit...

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Finance terms Meaning starts from C

Posted: 25 Mar 2011 08:39 PM PDT


NameDescription Capital GainsAs per the Income Tax Act, the gains made on sale of securities and certain other assets (including units of mutual funds) are charged to capital gains tax. The gains can be long-term or short-term depending on the period of holding of the asset and are charged to tax at different rates. Gains on mutual fund units held for a period of 12 months or more are long-term...

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Finance terms Meaning starts from B

Posted: 25 Mar 2011 08:38 PM PDT


NameDescription Back End LoadThe difference between the NAV of the units of a scheme and the price at which they are redeemed. The difference is charged by the fund. Balance Maturity Tenure Of A SchemeIn the case of close-ended schemes, the time remaining until the redemption of the scheme. Balanced FundsFunds that invest in equity and debt instruments in varying proportions. These funds...

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