Strengthening India - Financial Market,Monetising Gold and Investments - Budget 2015

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....trengthening India - Financial Market,Monetising Gold and Investments - Budget 2015<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 28-2-2015<br><br>Financial Market * Public Debt Management Agency (PDMA) bringing both external and domestic borrowings under one roof to be set up this year. * Enabling legislation, amending the Government Securities Act and the RBI Act included in th....

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....e Finance Bill, 2015. * Forward Markets commission to be merged with SEBI. * Section-6 of FEMA to be amended through Finance Bill to provide control on capital flows as equity will be exercised by Government in consultation with RBI. * Proposal to create a Task Force to establish sector-neutral financial redressal agency that will address grievance against all financial service providers. ....

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....* India Financial Code to be introduced soon in Parliament for consideration. * Vision of putting in place a direct tax regime, which is internationally competitive on rates, without exemptions. * Government to bring enabling legislation to allow employee to opt for EPF or New Pension Scheme. For employee's below a certain threshold of monthly income, contribution to EPF to be option, without ....

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....affecting employees' contribution. Monetising Gold * Gold monetisation scheme to allow the depositors of gold to earn interest in their metal accounts and the jewellers to obtain loans in their metal account to be introduced. * Sovereign Gold Bond, as an alternative to purchasing metal gold scheme to be developed. * Commence work on developing an Indian gold coin, which will carry the Ashok....

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.... Chakra on its face. Investment * Foreign investments in Alternate Investment Funds to be allowed. * Distinction between different types of foreign investments, especially between foreign portfolio investments and foreign direct investments to be done away with. Replacement with composite caps. * A project development company to facilitate setting up manufacturing hubs in CMLV countries, na....

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....mely, Cambodia, Myanmar, Laos and Vietnam.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....