This notification from the Department of Economic Affairs, Ministry of Finance, concerns amendments to the National Small Savings Fund Custody and Investment Rules, 2001. Specifically, it modifies rule 9, after sub-rule (2), to incorporate provisions regarding investments in instruments such as debt mutual funds and exchange-traded funds. These investments are subject to approval by the Central Government, based on half-yearly consultations with States. The notification references F. No. 7/2013-NS.II and is issued by Dr. Rajat Bhargava, Joint Secretary. It also cites and modifies previous notifications G.S.R. No. 114(E), dated 27th February, 2001, G.S.R. No. 587(E), dated 12th September, 2007, and G.S.R. No. 841(E), dated 25th November, 2011. The notification number is 236, dated May 2, 2014, and was published in the Gazette of India, Extraordinary, Part I, Section 3, Subsection (i).
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for economic affairs, taxation, financial institutions, capital markets, and the budget.
Department of Economic Affairs: A department within the Ministry of Finance responsible for formulating and implementing economic policies and managing the national economy.
New Delhi: The capital city of India and the location where the notification was issued.
National Small Savings Fund: A fund in India that manages investments from small savings schemes.
Savings Fund Custody and Investment Regulations, 2001: A set of regulations governing the custody and investment of funds from national small savings schemes.
Rajat Bhargava: The Joint Secretary who signed the notification.
Mayapuri, New Delhi: Location of the Government of India Press.
Gazette of India: The official government gazette that publishes official rules and notifications.
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