STRICT COMPLIANCE OF THE PROVISIONS CONTAINED IN THE FLAG CODE OF INDIA 2002, PREVENTION OF INSULTS TO NATIONAL HONOUR ACT, 1971, STATE EMBLEM OF INDIA (PROHIBITION OF IMPROPER USE) ACT, 2005 AND IN THE STATE EMBLEM OF INDIA (REGULATION USE) RULES 2007-REGARDING.
PENSION SCHEME FEE HIKE TO MAKE PENSION FUND MANAGEMENT SUSTAINABLE: IDFC {CLICK HERE FOR DETAILS/ INDIAN EXPRESS NEWS}
IDFC, one of the fund managers of National Pension Scheme (NPS), today said the proposed revision in fund management charges will help sustain the retirement fund industry in the long-run as all players are losing money under the present fee structure.
"The proposal to raise fund management charges in NPS will sustain the pension fund industry in the long-run as all players are losing money with the current charges," IDFC Chief Executive for Pension Funds Vikash Raj told reporters here.
He said as per the revised NPS guidelines, management charges will be revised soon, which is a welcome step.
At present, fund management fee is a dismal 0.0009 per cent per Rs 10 lakh in which all fund managers are losing money.
However, the revised guidelines have a provision for raising the commission with a cap provided by the pension fund regulator, PFRDA.
"If it (the charge) is fixed at around 0.25 per cent, then the business model will be sustainable," Raj said.
Reacting to new norms about appointing any number of fund managers from the existing six, he said this would help in garnering a higher number of subscribers.
Total corpus of NPS, a contribution-based scheme launched in May 2009, is around Rs 18,000 crore, majority of which is contributed by the public sector employees.
"As the number of players (fund managers) increase, this will help in raising the investor base," Raj said.
NPS, among the low-cost pension schemes in the world, has failed to take off among general public and private sector employees due to less awareness about the plan, he said.
"As awareness increases, the NPS is likely to become popular among the private sector employees and general public," he added. {Source Indian Express, News)
Tuesday 14 August 2012
FEDERAL EXECUTIVE OF NATIONAL FEDERATION OF POSTAL EMPLOYEES
No.PF-01(b)/2012 Dated: 14th August, 2012
NOTICE
It is hereby notified in accordance with Article 12 of the Constitution of NFPE that the meeting of the Federal Executive of National Federation of Postal Employees shall be held at NFPE Office, 1st Floor North Avenue Post Office Building New Delhi-110 001 on 27th September, 2012.The meeting shall commence at 11 A.M. on 27.09.2012. The following will be the agenda for discussion in the meeting:
AGENDA
1. Confirmation of the Minutes of Last Federal Executive Meeting held at NFPE Office on 21.03.2012.
2. Presentation of Organizational Report.
3. Review of implementation of decisions taken in last Federal Executive.
4. Review of Settlement of Strike Charter of Demands.
5. Review of Parliament March on 26th July, 2012.
6. Confederation Charter of Demands and one day strike on 12.12.2012.
7. A.I.P.E.U. GDS (NFPE) - Grant of Associate Membership.
8. Review of Financial position of NFPE.
9. Postal Crusader.
10. Finalization of the venue and dates of next Federal Council Meeting.
11. Any other items with permission of the chair.
(M. Krishnan)
Secretary General
MEETING ON NATIONAL POSTAL TRAINING POLICY 2012
A meeting on National Postal Training Policy 2012 was held at Dak Bhawan on 08.08.2012. Mrs. Manjula Prasher Secretary, Department of Posts Presided the meeting. All Postal Board Members and CPMsG UP, Gujarat, Assam, Tamil Nadu and Directors of Postal Training Centres, Saharanpur, Vadodara, Darbhanga, Madurai & Mysore and some other officers including DDG(Trg) participated. Some stake holder and some heads of Management institutions and government bodies also participated in the meeting and gave valuable suggestions for improvement of Training Programme.
On behalf of NFPE Com. R.N. Parashar, Assistant Secretary General participated in the meeting and gave some important suggestions in favour of staff and improvement of Training Programme.
