Central pension plan NPS finally gets a boost The ‘New’ NPS Measure: Improve incentives for distributors. Has been recently implemented. Impact: Was required. But won’t be enough, need consumer education to build volumes. Proposal: Increase fund management fees with an option to lower later. Impact: Under consideration. But finance ministry unhappy with increase in costs. Proposal: Relax the norms to appoint more fund managers to increase distribution. Impact: Unlikely. At...
More »SEARCH RESULT
Total Matching Records found : 2833
SC scraps UPA’s Licence Raja by Krishnadas Rajagopal
Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. Even as the trial in the 2G case progresses in a Patiala House trial court in Delhi, a bench of Justices G S Singhvi and A K Ganguly held...
More »On the same wavelength
-The Hindustan Times By cancelling licences issued by the UPA government to telecommunications companies in 2008, the Supreme Court has ruled against discretion in the allotment of natural resources like radio frequencies. This is in contrast to the view of this government and that of its predecessor, the NDA, that big upfront costs like spectrum fees, which must be passed on to customers, don’t serve the larger goal of universal telecom...
More »Per capita income crosses Rs 50,000
-The Times of India The per capita income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year, per capita income is estimated to have risen 16.9% to Rs 53,331 compared to Rs 46,117 in the previous year. The $1,000-average income of Indians is seen to be illusionary in economic circles as...
More »Delhi schools to mint over 15K crore
-IBNS Leading public schools in Delhi are likely to earn a revenue of over Rs. 15,000 crore only through sale of nursery admission forms this year as against nearly 10,000 crore in previous year, according to a recent analysis by apex industry body ASSOCHAM. Besides, parents will have to embark to nearly 30 schools and might end up spending over Rs.20,000/- for nursery admission of their kids this year, according to a...
More »
