Category: Finance

What is a Non-Banking Financial Company (NBFC)

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing,…

Gold Monetization Scheme

Objective: The objectives of the Gold Monetization scheme are: i) To mobilize the gold held by households and institutions in the country. ii) To provide a fillip to the gems and jewellery sector in the country by making gold available…

Details of Atal Pension Yojana (APY) Scheme

The Atal Pension Yojana (APY) would be introduced from 1st June, 2015. 1. Introduction 1.1     The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to…