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PMVVY (Pradhan Mantri Vaya Vandana Yojana) 2017: Pension Scheme for Senior Citizens

Pradhan Mantri Vaya Vandana Yojana - PMVVY 2017 Our Prime Minister had announced a new Pension Scheme for Senior Citizens offering 8% returns for 10 years in December 2016. The proposal was also stated in Budget 2017. This has finally been launched on May 4, 2017 with the name of Pradhan Mantri Vaya Vandana Yojana 2017-18 (PMVVY). In this post we review PMVVY […] Continue reading →

Rural Electrification Corporation (REC) Tax Free Bonds – Should you invest?

REC Tax Free Bonds - March 2012 - Review Rural Electrification Corporation (REC), Govt of India undertaking Navratna company has come up with a issue of secured, tax free bonds of size 1500 crore with option to retain over subscription of up to Rs. 3000 crore. Highlights of Rural Electrification Corporation Tax Free Bonds: The income by way of interest on these Bonds is […] Continue reading →