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To make implementation easier for the depositors, Government of India merged Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873 under one umbrella act called _______?
  • a)
    Government Savings Certificates Act
  • b)
    Government Savings Promotion Act
  • c)
    Government Savings Bank Act
  • d)
    Government Provident Promotion Act
  • e)
    Government Savings Act, 2018
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
To make implementation easier for the depositors, Government of India ...
In a bid to remove existing ambiguities due to multiple Acts and rules for Small Saving Schemes Government of India has proposed merger of Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873. Consequentially, Government has proposed ‘Government Savings Promotion Act’, a new amended umbrella Act which subsumes the relevant provisions of above stated acts. The main objective of this proposed act is to make implementation easier for the depositors as they need not go through different rules and Acts for understanding the provision of various small saving schemes. The new act also seeks to introduce certain clarifications, flexibilities and benefits for the investors. It is to be noted that no change in interest rate or tax policy on small savings scheme is being made through this amendment.
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To make implementation easier for the depositors, Government of India ...
Option "B"
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To make implementation easier for the depositors, Government of India merged Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873 under one umbrella act called _______?a)Government Savings Certificates Actb)Government Savings Promotion Actc)Government Savings Bank Actd)Government Provident Promotion Acte)Government Savings Act, 2018Correct answer is option 'B'. Can you explain this answer?
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To make implementation easier for the depositors, Government of India merged Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873 under one umbrella act called _______?a)Government Savings Certificates Actb)Government Savings Promotion Actc)Government Savings Bank Actd)Government Provident Promotion Acte)Government Savings Act, 2018Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about To make implementation easier for the depositors, Government of India merged Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873 under one umbrella act called _______?a)Government Savings Certificates Actb)Government Savings Promotion Actc)Government Savings Bank Actd)Government Provident Promotion Acte)Government Savings Act, 2018Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for To make implementation easier for the depositors, Government of India merged Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873 under one umbrella act called _______?a)Government Savings Certificates Actb)Government Savings Promotion Actc)Government Savings Bank Actd)Government Provident Promotion Acte)Government Savings Act, 2018Correct answer is option 'B'. Can you explain this answer?.
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