National Pension Scheme (NPS)

By -
 
NPS members should pay 0.2%  as consultancy fee with their normal fees as they are paying now for the facilities they obtain.

Pension Fund Regulatory and Development Authority (PFRDA) has issued an order that it is going to collect Rs.100 to Rs.1000 for the consultancy is giving.
This fees will be collect from the members who have made the agreement with PFRDA to get suggestions on their finance activities and it is increased its consultants on giving suggestions on financial investment and Maintenance. 
PFRDA members pay Rs.120 as the annual fees, So from now they have to pay 0.2% extra consultancy fees. 

Comments

Post a Comment

Popular posts from this blog

Acharya Balakrishna: The man behind Baba Ramdev’s Patanjali Company

By -
Image
He is the fraud, cheater , he has a gun without license, his citizenship is questionable, 4 years ago these were the complaints charged against Acharya Balakrishna by the CBI department. But due to lack of proper  evidence & proof complaints were withdrawn in the year 2014 and there is a rumour that he had a courtesy by the NDA government in getting relief from all the cases filed against him. Whatever the fact now Acharya Balakrishna is the present Chairman of Patanjali company and his present net worth is around  Rs. 160 billion (16000 crore) he ranks 48 th place in Forbes list of richest Indians and 26 th among 339 people’s list bu Hurun India. Many were surprised when his name was published in the list of richest Indians. But the actual reason behind his success is two facts one is Baba Ramdev & the other is his strategy in blending swadeshi ideology & Ayurveda importance in his products which both were well  crafted and executed in most efficient manner which mad
Read more

ROLE OF KISAN CREDIT CARD IN RURAL AND AGRICULTURE DEVELOPMENT

By -
Image
ABSTRACT Kisan Credit Card It was started by the Government of India, Reserve Bank of India (RBI), and National Bank for Agriculture and Rural Development (NABARD) to help farmer’s access timely and adequate credit. KCC scheme was introduced in the Banks in August 1998.The aim of Kisan CREDIT CARD Scheme (KCC) is to provide adequate and timely support from the banking system to the farmers for their short-term credit needs during their cultivation for purchase of inputs etc. ,during the cropping season. Beneficiaries covered under the Scheme are issued with a credit card and a passbook or a credit card cum passbook incorporating the name, address, particulars of land holding, borrowing limit, validity period, a passport size photograph of holder etc., which may serve both as an identity card and facilitate recording of transactions on an ongoing basis. Borrower is required to produce the card cum passbook whenever he/she operates the account Institutional credit, which
Read more

What does subsidy mean | definition | economics | define | example

By -
  What does subsidy mean | definition | economics | define | example                          Since from independence India has given more importance to maintain social justice. At the time of independence India’s per capita income was very low, to help the poor the government took several measures to provide the daily commodities at a price lower than the market price and giving subsidy was one of the important measure. Then what does subsidy mean? It is the type of financial support in the form of money given by the government to business institutions or industries to provide their products& service at lower price and the government will recoup their los s. How it works? If a company is selling its product at Rs.100 to reduce the price burden for common people the government ordered the company to sell at Rs.60 and RS. 40 loss incurred by the company will be compensated by the government through subsidy. Though ethically this form may be beneficiary but if it i
Read more