Citizens' Issues
Over 8 percent of Indian households have disabled persons
Over eight percent, or 207.8 lakh, of the total households in the country have disabled persons, reveals data on disabled population in India released here on Tuesday.
 
According to the data, of the total households that have disabled people, about 99 percent are normal households, 0.4 percent are institutional, and 0.2 percent are households of people who do not have their own houses. 
 
"The data gives the number of households having disabled persons by type of households, including normal (99 percent), institutional (0.4 percent) and houseless households (0.2 percent)," the office of the Registrar General and Census Commissioner of India said. 
 
The disabled persons are further cross-classified into eight disabilities - seeing, hearing, speech, movement, mental retardation, mental illness, any other and multiple disability.
 
Total households having disabled persons show an increase of 20.5 lakh, from 187.3 lakh in 2001 to 207.8 lakh in 2011 - 6.2 lakh in rural and 14.3 lakh in urban areas. Normal households with the disabled persons increased by 20,24,495, institutional households by 8,370 and houseless by 13,560 during the decade 2001-11.
 
Disabled persons living in normal households increased by 48,19,382, institutional households by 65,895 and houseless households by 22,948 during the said decade, the release said.

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SEBI to focus on cost incurred by mutual fund investor
India's market regulator on Tuesday said it will focus on the cost to a mutual fund investor as part of its customer protection measures.
 
Speaking at the CII Mutual Fund Summit here, Securities and Exchange Board of India chairman U.K.Sinha said consumer protection is one of the prime focus areas of SEBI and cost to investor will be an important aspect of the future course of action.
 
The finance ministry has also set-up a Financial Stability Development Council to take into account the cost structures, he said at the event organised by the Confederation of Indian Industry (CII).
 
Sinha said that the mutual fund industry has helped in countering the volatility caused by the investments pattern of foreign portfolio investors and brought macroeconomic stability to Indian markets.
 
He further stated that the government's decision of allowing the Employees Provident Fund (EPFO) to invest in mutual fund schemes is a great achievement.
 
Sinha also urged the industry to think of medium to long-term measures for its sustainable growth, and also now focus on how equitably they are serving the requirements of the customers.
 
In the last three years, measures like reduction in transaction charges, introduction of consolidated account statements, availability of mutual fund units in demat form, fungibility of total expense ratio, encouraging voting by asset managers to protect interest of minority share holders, addition disclosure of distributors, tax clarity on offshore funds, recent announcement in the budget over tax clarity for scheme mergers and many more were implemented, he said.
 

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COMMENTS

Nilesh KAMERKAR

1 year ago

1. Was it wise to have bought whatever FIIs sold? - Or

2. Whether FIIs exploited the liquidity created by money flowing into MFs to book some profits? &

3. FII own approx 25% of Indian equities. If they were to offload meaningful amount of equities - how much of it can MFs really absorb?

To say MFs have brought macroeconomic stability is . . . Dil ko behlane ke liye khayal achha hai

SpiceJet launches 'Hand Baggage Only' fares
Budget passenger carrier SpiceJet on Tuesday launched a "Hand Baggage Only" fares.
 
The new fare scheme is intended to offer discount for passengers who carry hand baggage only. The scheme will be available on most direct domestic flights with a minimum 30 days advance purchase. 
 
It is estimated that the new scheme will provide a discount worth Rs.200 on a one-way flight. While for a round trip the discount can be as high as Rs.1,000. 

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COMMENTS

Dr Anantha K Ramdas

1 year ago

The introduction of reduced fares for passengers with little or no luggage would be a boon to those who travel light. A lot of passengers manage to sneak in number of small packages along with "cabin" baggage and make others' life uncomfortable.

In a recent flight from Dubai, on IndiGo, where they have a 30 kg free check in baggage allowance, they had vigilant multi-check points to ensure that pax do not carry hand baggage beyond 7 kg they permit. These were stopped just before entering the aircraft, on the air-bridge, and charged. Thus other passengers had a comfortable flight.

Most airports have cabin baggage "check" facilities and any size beyond this "permissible" level were checked in as baggage. Yet, passengers "manage" to have the combined cabin and computer baggage into the craft.

Reduced baggage will eventually make the fuel costs less and this, hopefully, reflect in fare reductions.

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