{"id":263222,"date":"2023-10-07T18:43:56","date_gmt":"2023-10-07T13:13:56","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=263222"},"modified":"2023-10-07T20:09:01","modified_gmt":"2023-10-07T14:39:01","slug":"rec-launches-sugam-rec-a-mobile-app-for-54ec-bonds-investors","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rec-launches-sugam-rec-a-mobile-app-for-54ec-bonds-investors\/","title":{"rendered":"REC launches \u2018SUGAM REC\u2019, a mobile app for 54EC Bonds Investors"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article<\/span><b> \u201c<\/b><b>REC launches \u2018SUGAM REC\u2019, a mobile app for 54EC Bonds Investors<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>\u201cPIB\u201d on 7th October 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power has launched a mobile application named SUGAM REC.<\/span><\/p>\n<h2><b>What is SUGAM REC?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">SUGAM REC is a mobile application exclusively for current and future investors in REC\u2019s 54EC Capital Gain Tax Exemption Bonds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It will offer investors complete details of their investment in REC 54EC Bonds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors will be able to download their e-bond certificates, apply for fresh investment, and also connect with REC\u2019s Investor Cell.<\/span><\/p>\n<h2><b>What are Section 54EC Bonds?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Section 54EC Bonds are a type of fixed income financial instruments which provide tax exemption under capital gains to investors, under Section 54EC of the Income Tax Act.<\/span><\/p>\n<h2><b>What is REC Limited?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">REC Limited is a Government of India Enterprise.It is also a listed Maharatna Company under Ministry of Power.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was incorporated in 1969 under the companies act 1956.It is a Systemically Important NBFC registered with RBI.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is mandated to provide financial assistance to state electricity boards, state governments, central\/state power utilities, independent power producers, rural electric cooperatives and private sector utilities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">REC\u2019s funding illuminates every fourth bulb in India.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cREC launches \u2018SUGAM REC\u2019, a mobile app for 54EC Bonds Investors\u201d published in \u201cPIB\u201d on 7th October 2023 What is the News? REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power has launched a mobile application named SUGAM REC. What is SUGAM&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rec-launches-sugam-rec-a-mobile-app-for-54ec-bonds-investors\/\">Continue reading <span class=\"screen-reader-text\">REC launches \u2018SUGAM REC\u2019, a mobile app for 54EC Bonds Investors<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,956,9],"tags":[11872,3590],"class_list":["post-263222","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-schemes-and-programs","category-public","tag-9pm-daily-factly","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":10,"cached_at":"","cached_date":1698333485},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/263222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=263222"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/263222\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=263222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=263222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=263222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}