The Ministry of Home Affairs launched the "Scheme for Expansion and Modernization of Fire Services in the States" with an outlay of Rs. 5,000 crore. Rs. 500 crore is allocated for incentivizing states based on legal and infrastructure reforms. The scheme was announced by Union Home Minister Amit Shah during a meeting on June 13, 2023. The objective is to strengthen fire services at the state level and make India disaster resilient. State governments need to contribute 25% of the project cost (10% for NEH states) from their own resources. The scheme is based on the recommendation of the Fifteenth Finance Commission. Rs. 5,000 crore from the National Disaster Response Fund is earmarked for fire service expansion and modernization. About National Disaster Response Fund The National Disaster Response Fund is a fund managed by the Central Government and is used for meeting the expenses incurred during emergency relief, disaster response and rehabilitation in the event of a disaster.
What will be the current yield of a bond with a face value of ₹100 , a coupon interest rate of 10% and market price of ₹80?
As per accounting standards, depreciable amount of a depreciable asset should be allocated on _______
Bonds with original maturities of one year or less are called:
Mr. X bought a bond at 1000 at a 10% coupon rate. But he intends to sell the bond after a year to Mr. Y. Mr. Y purchased the bond at 986. At the end of...
A bond that pays compounded interest but the actual cash payment of the bond is deferred till maturity is known as:
What is c in FCCB (Type of bonds)
……………… is the way of raising funds by issue of shares or of convertible securities by a company to a select group of persons which is neith...
Which of the following relationships apply to a par value bond?
A) coupon rate < yield-to-maturity
B) current yield = yield-t...
Which of the following statements is/are correct regarding National Stock Exchange (NSE) in India?
1) NSE was established in 1992. <...
A type of bond (debt security) that allows the issuer of the bond to retain the right of redeeming the bond at some point before the bond reaches its d...