Just A Financial Thought

The government of India in order to encourage cleanliness has introduced the Swachh Bharat Cess @0.5% to use for such purposes.  For such a vast and populous country we do have our fair share of cleanliness concerns. In fact, persons entrusted with the job of keeping our country clean, struggle constantly. Cleanliness also has huge impact on public health. Dirty surroundings also cause many diseases, like, malaria, dengue, diarrhea, jaundice, cholera etc., with associated high public health expenditure. According to the Government of India estimates, expenditure on health adds up to Rs.6,700 crore annually (approximately Rs.60 per capital). Increased allocation for Swachh Bharat Abhiyan can prevent many of these diseases with consequential benefit to one and all.  So your telephone , insurance ,eating out will all be included with such a cess from Nov 15 ie 50 paise for every 100 rupees and is set to be a bit more expensive. Relevant notification is as follows. ...

Applications will be issued from Nov 5 - Nov 20 for investing in bonds backed by purchase of gold by the RBI on behalf of the government. Depending on the demand the Government may decide to close this early. Bond will be issed on Nov 26 2015  Investors can buy a minimum of  2 grams and a maximum at 500 grams per year. The Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds .In case of joint holding, the limit applies to the first applicant A fixed rate of interest of 2.75 per cent per annum (payable every 6 months) on the initial value of investment. The bonds have a maturity period of 8 years, with exit option being offered from the fifth year. Holdings can be redeemed in multiples of one gram. The redemption price will be based on prevailing gold prices at the end of the tenure. In the event that the price of gold has decreased, them an option to extend the tenure will be offered. Gold bonds will be sold thr...