Author Topic: News related to Pan Card  (Read 9060 times)

Manjit

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Re: News related to Pan Card
« Reply #10 on: September 13, 2012, 11:45:08 PM »
Good info.

Charanjeet Singh Zira

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Re: News related to Pan Card
« Reply #11 on: September 14, 2012, 04:34:22 AM »
thanx..

vikramjit singh

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Re: News related to Pan Card
« Reply #12 on: February 07, 2013, 05:54:22 AM »
[color=red

Mumbai, February 6
Seeking to check demand of gold, an RBI committee today proposed a slew of measures like mandatory quoting of PAN numbers for high-value purchases, restriction on gold loans and check on NBFC branches dealing with gold loans.

The RBI committee also suggested cheque payment for gold purchase beyond a threshold, introduction of other savings products to discourage investment in physical gold, prohibition of bank finance for buying gold and revival of the two-decade-old proposal to set up a Bullion Corporation.

"There is a need to moderate the demand for gold imports considering its impact on the current account deficit," it said, adding RBI may impose limits on volume and value of gold import by banks under "extreme situation".

It suggested that NBFCs may obtain a copy of PAN Card in all the loan proposals exceeding Rs 5 lakh per borrower to strengthen mechanism of KYC. Currently, PAN card is mandatory for jewellery purchases beyond Rs 5 lakh. It underlined the need for continuous monitoring of rapid growth of assets, borrowings and branch network of gold loan NBFCs, while making a case for reviewing fund raising by them. PTI[/color]

vikramjit singh

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Re: News related to Pan Card
« Reply #13 on: February 07, 2013, 05:54:49 AM »

     

RBI panel proposes to set up gold bank
Move aimed at containing current account deficit

Mumbai, February 6
An RBI panel has revived the proposal of setting up a gold bank, or Bullion Corporation of India, to reduce imports of the metal - an idea mooted over two decades ago by the then Finance Minister Manmohan Singh.

"With considerable changes in policy related to gold over the past 20 years, the proposal for setting up a Bullion Corporation of India (BCI) needs to be revisited and activated," a committee, headed by KUB Rao, to study the issue of gold imports said in its final report.

Such a bank will reduce the gold imports, which are a major worry vis-a-vis the current account deficit, by greater activation of the domestic idle gold, it said.

The proposal to set up a gold bank was first floated by the then Finance Minister Manmohan Singh in his budget speech in February 1992. The idea was, however, never implemented.

The working group said there is a "strong intellectual support" for the idea at present and the banks' umbrella body, the Indian Banks Association (IBA), has also supported it.

Delaying or postponing the setting up of the BCI "is detrimental to the gold dynamics in the economy", it warned.

"Given the insatiable demand for gold from the Indian residents, there is a strong need for creating an institution to facilitate the activation of dealing in domestic idle gold and to provide liquidity and refinance to institutions/banks," it said.

The bank's functions will include acting as a 'backstop facility' to offer refinance of gold to institutions lending against the collateral of gold, issuance of gold bonds in lieu of collection of gold stocks, storage and safekeeping facilities for bullions and close coordination with other international bodies such as World Gold Council.

The group said initial capital for setting up the corporation can be contributed by the Reserve Bank and select commercial banks and institutions, and pegged the authorised capital at Rs 2,000 crore and the paid-up capital at Rs 1,000 crore.

Suggests cap on import of gold

Concerned over rising gold imports, a RBI committee today suggested limits on imports of gold by banks and other government agencies like MMTC and STC, which account for about 56 per cent of the total import of the precious metal.

"Setting value or quantum limits for canalising agencies and banks to import gold can also reduce the demand for gold. Such limits can be reviewed periodically," said a report of RBI's working group on gold loans. PTI

Proposal revived after 20 years

    The idea was mooted over two decades ago by the then Finance Minister Manmohan Singh
    The bank will reduce gold imports by greater activation of the domestic idle gold
    Initial capital for setting up the corporation can be contributed by the RBI and select commercial banks, institutions
    Current account deficit touched a record high of 5.4 per cent in the July-Sept quarter last year
    Gold imports in the April-December period stood at $38 billion. In 2011-12 fiscal, it was $56.5 billion

ritu goyal

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Re: News related to Pan Card
« Reply #14 on: June 11, 2013, 02:56:14 PM »
sir j pan card na bnvaia hove tan

Harpal

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Re: News related to Pan Card
« Reply #15 on: June 11, 2013, 05:30:05 PM »
sir j pan card na bnvaia hove tan

ghabraun d koi gall ni hunn banba lavo g

sheemar

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Re: News related to Pan Card
« Reply #16 on: July 05, 2013, 08:24:05 AM »

sheemar

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Re: News related to Pan Card
« Reply #17 on: July 22, 2013, 09:03:48 AM »
[blink]10000 जुर्माना[/blink]


« Last Edit: July 22, 2013, 09:12:18 AM by sheemar »

Amandeep Sahni

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Re: News related to Pan Card
« Reply #18 on: August 16, 2013, 08:46:46 PM »
PAN Application form
« Last Edit: August 16, 2013, 08:50:17 PM by Amandeep Sahni »

/ Sukhdeep /

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Re: News related to Pan Card
« Reply #19 on: August 17, 2013, 10:13:18 AM »
PAN Application form
sir ki is link through new pan card online apply kita ja skda ? If yes ta esdi fees vgera kithe bharni pavegi fir ? Tel me plz i need new pan card.

 

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