Nation
Irom Sharmila ends 16-year-long fast
'Iron Lady' Irom Sharmila on Tuesday ended her 16-year-long fast against the AFSPA and announced her intention to join politics.
 
Doctors removed the nasal feed tube from Sharmila, who has been on fast unto death since 2000 to protest the imposition of the draconian Armed Forces (Special Powers) Act in Manipur.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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56% Indian employees apprehend poor retirement benefits: Survey
More than half of Indian employees anticipate that they will be up against a less comfortable retirement than their parents' generation, a survey by global advisory, broking and solutions company Willis Towers Watson said.
 
According to the 2016 Global Benefits Attitudes Survey, 56 per cent of Indian employees still fear that they will be worse off than their parents in retirement, although employees' satisfaction with their financial situation in the country has increased nine per cent since 2013. 
 
The study said as many as 46 per cent of employees expressed concern when questioned about their current financial state, and more than one in three stated that their financial problems negatively affect their lives.
 
“The growing insecurities of employees around long-term financial stability demands the immediate attention of employers,” said Kulin Patel, Director, Willis Towers Watson India.
 
"Companies are beginning to take steps by making their employees' financial well-being a core component of their overall well-being strategy and employee value proposition," he said.
 
The study of over 2,000 employees in India found that almost 54 per cent worry about their future financial state, whereas 52 per cent of employees think that they are less effective at their work due to financial problems.
 
In addition, 57 per cent of Indian employees support the idea that their employer should have a role in encouraging them to save for retirement.
 
However, 32 per cent would be uncomfortable receiving targeted messages from their employer on these matters. 
 
"Gradually, employers are understanding the link between their employees' well-being and their performance and productivity at work, and how this affects the organisation's bottom line. Soon, they will realise that a holistic approach is needed to address these issues effectively," Patel said.
 
Further, the survey pointed out that the biggest growth in promoting financial well-being in India will be in the use of customised and targeted messages, which 50 per cent of employers intend to do so over the next three years, on top of the 13 per cent currently doing so.
 
The survey also said the employers should aim to help employees by addressing their different issues, from short to medium term savings through to the traditional long term retirement savings.
 
"There is a need to boost engagement and productivity by reconfiguring the benefit package offered by employers," Patel said.
 
"Different employee segments may require a different mix of benefits that depend on their financial priorities at their given stage in life," he added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Biswajit Majumder

4 months ago

Plz give me a loan.I Ned money .because my wife is pragenent.

Biswajit Majumder

4 months ago

Plz give me a loan.I Ned money .because my wife is pragenent.

Muted response seen for India's 'largest' telecom spectrum auction
The base price and the quantum of airwaves on offer make the next round of spectrum auctions the largest ever. But the high reserve price, notably for the 700 MHz band, and time still for the expiry of existing holdings could make the response muted, analysts warn.
 
The views of six top brokerages and consultancies is that service providers will cherry-pick the bands they need, putting a question mark over how much of the 2,354.55 MHz on offer across seven bands will be sought and what quantum of the $84 billion reserve price be realised.
 
"Since no spectrum is up for renewal for any of Bharti, Vodafone India and Idea Cellular, we do not expect aggressive bidding," said a Goldman Sachs Global Investment Research said in its report, predicting no major surprises.
 
"The upcoming auction is crucial for Idea and Vodafone in our view, as they still have large amount of 3G and 4G gaps and will look to fill those. Bharti and (Reliance) Jio have very few circles without 3G and 4G, and will try to bolster their data spectrum holding," it said.
 
The government has put on block 2,354.55 MHz of airwaves for sale in seven bands -- 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz and 2,500 MHz -- with a reserve price of $84 billion -- against 470.75 MHz in the previous round that saw bids worth $17 billion.
 
"The September 2016 auction will be the first in the past three years without material 'renewal' spectrum on offer -- not a 'gun on the head' auction for most operators, in our view," Kotak Institutional Equities said.
 
"To this end, this auction is a critical test of the operators' rationality; an auction where operators need to guard against getting swayed by competitive spirits and bid with long-term interests in mind; no self-goal, in other words," the brokerage added.
 
"In our view, 1,800 MHz and 2,100 MHz spectrum bands will see most participation from telcos," added the Goldman Sachs report, a view shared in the majority of six reports analysed by IANS.
 
"We believe the 1,800 MHz would see demand from Airtel, Idea, Vodafone and Jio; 2,100 MHz from Airtel, Idea, and Vodafone; and 800 MHz from Jio and Reliance Communications. We do not expect the 700 MHz auction to be a success," said Morgan Stanley.
 
"The reserve price of the 700 MHz band is at 4x (four times higher than) the reserve price of 1,800 MHz. Thus, if an operator intends to bid for one block (5 MHz) of spectrum pan-India, it would need to spend Rs 574 billion or $8.5 billion."
 
In the Delhi circle, the reserve price for 700 MHz is pegged at Rs 1,595 crore per MHz -- which is the highest -- and for pan-India, it is Rs 11,485 per MHz.
 
"We expect Vodafone and Idea to add more spectrum in the 1,800 MHz band to enhance their 4G spectrum holdings," Edelweiss said, otherwise expecting the response to be lukewarm in thr 700 MHz band on account of high reserve price for 700 MHz band. 
 
The brokerage also expected some shakeout in the industry once Jio announces a full commercial launch. "We remain cautious on the sector due to sustained high capex and the anticipation of increased competitive intensity with the launch of Reliance Jio."
 
Bank of America Merrill Lynch also cautioned about the 700 MHz pickup, citing reasons like high pricing, relatively immature handset and equipment eco-system and theb already available 4G spectrum in other bands like 1,800 Mhz and 2,300 MHz.
 
The government said operators will have the choice of both upfront payments and instalment options. The service providers who win airwaves below 1 GHz bandwidth will have to pay 25 per cent upfront, and those winning above that the upfront payment will be 50 per cent.
 
"There are no surprises in the Notice Inviting Application apart from the 50 per cent upfront payment condition for spectrum above 1GHz. This will further burden the balance sheets of companies which are looking to acquire spectrum, especially in the 1,800 MHz band," Edelweiss said.
 
Deutsche Bank Market Research cautioned that increased realism on the competitive landscape will reduce the number of bidders. "We estimate total proceeds at around Rs 70 to Rs 120 billion. Furthermore, the change in revenue-share framework for spectrum payments benefits Bharti and Jio."
 
Bank of America Merrill Lynch also commented on the proposed move by the watchdog to scrap charges paid to carriers on whose networks calls are received. "Such a move in our view, will impact Bharti and Idea as they are net interconnect gainers and positively benefit smaller telcos and new entrant Jio."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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