Food Inflation

Combined food inflation was 6.08% for November 2015, compared to 5.34% recorded for October 2015. For rural and urban areas, food inflation was 6% and 6.30%, respectively, in November. Vegetable prices increased by 4% in November compared to those prevailing in November last year. Inflation in fruit prices was 2.07% in November, while pulses were dearer by 46% y-o-y. Inflation for cereals stood at 1.70% and inflation for milk products was 4.03%. Price rise of non-vegetarian items, such as meat and fish, was 5.34% in November compared to 4.85% in October 2015.

User

Mutual Fund : Foreign MF Houses Quit Despite Strong Retail Inflows
Over the past two years, as Indian equity markets were on a strong bull run, retail investors flocked to the market through mutual funds. Retail investors put in Rs1.32 lakh crore in equity schemes over this period. Despite the strong inflows, foreign asset managers have decided to quit the Indian mutual fund business. Over the past few months, Goldman Sachs sold its mutual fund business to Reliance Mutual; Nomura Asset Managers sold 19.3 % of its 35% stake in LIC-Nomura MF to LIC Housing and KBC Asset Management (of Belgium) sold 49% stake in Union-KBC AMC to its Indian partner Union Bank. A few months earlier, Deutsche Bank had sold its fund business to Pramerica Mutual Fund.
 
Do they fear that the inflows will soon turn into outflows, if the market begins to move sideways? Frustrated by poor market prospects after 2009, a number of global players like Fidelity, Daiwa, Morgan Stanley, ING and PineBridge exited the Indian mutual fund business. 

User

Pension : Gratuity to Government Employees under National Pension System?
The government is considering providing gratuity on retirement to its employees covered by the National Pension System (NPS). Central Civil Services (Pension) Rules were hitherto not applicable to the government employees appointed after 31 December 2003, according to minister of state for finance Jayant Sinha, reports PTI.
 
On introduction of NPS, from 1 January 2004, the rules governing gratuity were changed. However, the benefit of death or retirement gratuity had been extended to the Central government servants covered by New Pension Scheme on a provisional basis from 5 May 2009. “This was in respect of Central government employees covered by NPS in cases where a government servant is retired on invalidation not attributable to government duty, or death in service not attributable to government duty,” Mr Sinha said.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)