Sovereign wealth fund Current Affairs, GK & News
The Central Board of Direct Taxes recently exempted the interest, dividend and long term capital gains made by the Sovereign Fund MIC Redwood 1 RSC Limited of Abu Dhabi, UAE (United Arab Emirates). Highlights The exemption has been provided under clause 23 FE of Section 10 of the Income Tax Act. This will allow sovereign ..
Category: International / World Current Affairs
The Reserve Bank of India announced a number of steps, to aid revive the currency and the economy The measures include increasing limits for external commercial borrowings and government securities .The initiatives are in consultation with the government to liberalize capital account transactions.These measures will permit Indian companies in the manufacturing and infrastructure sector and ..
Month: Current Affairs - June, 2012
Topics: Debt • Economy • External commercial borrowing • Finance • Finance in India • International finance • Investment • Money • Participatory note • Securities and Exchange Board of India • Sovereign wealth fund