Wednesday, 31 August 2011

AICPIN for the Month of July 2011 is 193

AICPIN-IW (All India Consumer Price Index Number for Industrial Workers) on base 2001=100 for the month of July, 2011 increased by4 points and stood at 193 points. The AICPIN for the month of June 2011 was 189 & May 2011 was 187 points and now there is an average rise of 4 points from the last month, June 2011.


The Consumer price index is calculated on the basis of the difference in the price of necessary commodities like Rise, other serials, edible Oil, Pure Ghee, Milk, Pan Finished, Cooking Gas, Petrol, Washing Soap, Vegetable, Fruit etc. The maximum increase of 18 points recorded in Bhilai centre and the maximum decrease of 2 points recorded in Salem Centre.

The indices in respect of the six major centers are as follows :

1. Ahmedabad 188

2. Bangalore    194

3. Chennai      168

4. Delhi            178

5. Kolkata       186

6. Mumbai     194

The All-India (General) point to point rate of inflation for the month of July, 2011 is 8.43% as compared to 8.62% in June, 2011.The CPI-IW for August, 2011 will be released on the last working day of September, 2011.

The rate of General inflation in India for the month June is 8.92% and it was of May, 2011 was 8.72%, April, 2011 is 9.41% and it was on March, 2011 was 8.82%.

When calculate the Dearness Allowance  for Government Employees, the All India Consumer Price Index Number for Industrial Workers (AICPIN-IW) will consider, which assumes  that the cost of living is increased that much.

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All India Consumer Price Index – May, 2011

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AICPIN for the Month of June 2011 is 189

Tuesday, 30 August 2011

Muthoot Finance Non Convertible Debentures

Muthoot Finance Limited one of the leading gold financing company issues Non Convertible Debentures (NCD). The face value of a single unit is Rs. 1000 and the minimum required investment is Rs. 5000 and multiples of one bond thereafter. There are three investment options for these secured redeemable non convertible debentures according to the maturity of the debenture.

  1. 24 months NCD will be matured at the day it complete 24 months from the day of allotment and can earn 11.75% coupon rate.

  2. 36 months NCD will be matured at the day it complete 36 months from the day of allotment and can earn 12% coupon rate.

  3. 60 months NCD will be matured at the day it complete 36 months from the day of allotment and can earn 12% coupon rate.


The effective yield for the first option is 12% and the second and third options are 12.25% for corporate, individual and HUF investors.

The company's gold loan portfolio as on March 31, 2011, comprised 47 lakh loan accounts serviced through 2,733 branches. The Company (Muthoot Finance Limited) plans to collect Rs. 500 crore through this NCD and w ill be utilised for various financing activities including lending and investments, to repay existing liabilities and to meet working capital requirements.

The NCDs have been rated AA-/stable by CRISIL and AA-(stable) by ICRA.

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Online Insurance Plan is Convenient & Cheap

Online Insurance Plan is most relevant and convenient these days. People wish to go online for all their purchasing needs. The main advantage is, online purchase can do simply with your computer and internet with a few mouse clicks and the customer should not go out of his house to make all these purchases. The insurance companies also came with online insurance policies to take up the situation. In this scenario let us determine the benefits of purchasing an online insurance policy.

Online insurance policy is cheaper than offline insurance policy. For offline insurance policy the insurance company should give commission to the agent who brings the customer. In online policy such commission is not needed.

With the help of internet you can compare various product of same insurance company or same type of products of various insurance companies easily. You can compare the benefits, premium, terms etc.

You should be vigilant while filling an online insurance policy format. You should be aware that no agents are there to explain you the features and advantages of your policy. You must read carefully the details, terms and conditions of the policy you wish to join.

You must fill all true facts including your health, family history, habits such as smoking habits, work details etc.,  Unless the chances of rejecting a claim is more than accepting it.

When you buy an online insurance plan, try to join with more trusted insurance company. You can analyze this from your friends, relatives or online forums etc. The chances of rejecting a claim also should be considered. Some insurance companies have high track record of settling a claim and some others have a high track record of rejecting a claim. So check such possibilities.

When you compare an insurance product of various companies there may be high difference in premium, but verify all other factors and benefits they are providing. By providing an attracting insurance policy with a lowest premium and when the claim comes they may reject the claim with some false reasons. Do not be cheated with such false information and false products.

When you buy an online insurance policy buy only form recognized insurance company approved by IRDA or such regulating authorities.

Online insurance policy is convenient and beneficial, but only when you handle it with much care.

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Monday, 29 August 2011

Employment News Job Highlights 27 AUG 2011

There is a lot of Government Job Vacancies advertised in the Employment News 27th AUGUST 2011 – 02nd September 2011. Job highlights of Employment News 27th AUGUST 2011 – 02ndSeptember 2011 are listed below for the convenience of our readers those who are looking for a good government job. If you are interested in any of the job listed below should refer the present edition of employment news for more details.

Applications invited for various posts by the Union Public Service Commission (UPSC).

Applications invited for Group ‘C’ Non-Gazetted, Non-Technical posts by Staff Selection Commission (Northern Region)

Applications invited for various posts by Staff Selection Commission (Eastern Region).

Applications invited for various posts by Cochin Shipyard Limited.

GAIL (India) Limited requires senior Engineers, Senior Officers, Senior Managers and Deputy Managers.

Cordite Factory, Aruvankadu requires Chemicals Process Workers, Chemical Plumbers, Medical Assistant and Durwans.

Vacancy of Lower Division Clerks and Stenographers in Central Rice Research Institute, Cuttack.

Daulat Ram College, Delhi requires Laboratory Attendants.

Northern Coalfields Limited, Singrauli requires Deputy Mine Surveyors, Junior Overman, Mining Sirdars, Staff Nurses, Accountants, Junior Stenographers etc.

Pragathi Gramin Bank, Bellary requires Officers MMG Scale-III, Officers MMG Scale-II, Officers MMG Scale-II (IT) and Office Assistants.

Translational Health Science and Technology Institute, Gurgaon requires Scientists,

Indian Oil Corporation Limited (IOC) requires Boiler Operation, Engineers, Quality Control Officer and Medical Officers

If you are interested in any of the above mentioned Government Job Vacancies, please read the Employment News 27th AUGUST 2011 – 02nd September 2011.

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Sunday, 28 August 2011

Investment News Letter 28th August, 2011

This is the 16th edition of the Investment News Letter.  In this edition we wish to share insurance related articles with a few fresh other articles. Insurance make secure the life of your beloveds and also secure your belongings. It should also consider as a part of investment. You should not differentiate investment and insurance. You have to insure your life as well as your assets. It will give you safety and peace of mind.

 


NPS or New Pension Scheme is attractive 
NPS or New Pension Scheme is a pension scheme introduced by Government of India from 01st April, 2009 formerly for government employees and now for all.Continue reading ?



SBI Gold Fund,Conveniently Invest in Gold 
Investment in Gold always proves that it is a good method of investment. The main advantage is that the value always shows an upwards trend. SBI Gold Fund Continue reading ?



Life Insurance Policy- Know your policy 
Know your life insurance policy in details before Joining life insurance to avoid dispute, confusion, or rejection of your claim by your insurance company. Continue reading?



Buying Online Insurance Policies are cheaper and convenient 
This is the time that everybody seeks all their necessary purchases through online. These online purchases are convenient and can do it fast under the privacy of your home. Buying online insurance policies are also convenient. With a few mouse …Continue reading ?



How to reduce your life insurance premium and Increase the sum assured 
When you join with a life insurance policy, you have to fill out the application form from the insurance company. You must fill out all the details politely. The claim on your insurance policy may be rejected when your legal …Continue reading ?



LIC’s Jeevan Arogya policy at a glance 
LIC's Jeevan Argogya Insurance Policy is a special type of health insurance policy pays irrespective of your actual medical bill. Continue reading ?



Stock Market Investment Tips for beginners. 
Stock Market Investment is a good method of making money only when you do it with much care and attention. Most people think thatContinue reading ?



Employment News Job Highlights 20 AUGUST 2011 
In Employment News 20 AUGUST 2011 – 26 AUGUST 2011, there is a lot of Government Job Vacancies. highlights of those Government Job Vacancies are follows Continue reading?

Saturday, 27 August 2011

NPS or New Pension Scheme is attractive

NPS or New Pension Scheme is a pension scheme introduced by Government of India from 01st April, 2009 formerly for government employees and now it is available for all Indian citizens from the age of 18 years to 55 years. The subscriber can invest regularly in NPS and can get back a lump sum amount at the time of retirement and a fixed monthly Income after retirement for the lifetime. The retirement age is fixed as 60 years of age.

At the time of retirement or at the time of completing 60 years of age the investor can withdraw a lump sum amount up to (maximum) 60% from their accumulated investment in NPS. With the remaining amount (minimum 40%) the investor should buy annuities from any recognized (recognized by IRDA) insurance company. The investor can opt out from the scheme before the age of 60 years, but only 20% of investment can take out as a lump sum amount and the remaining 80% accumulated wealth should be invested in annuities.

The New Pension Scheme has two types of accounts, named tier 1 and tier 2. The tier 1 account is the account where the investor should invest regularly a minimum of Rs. 500 monthly or Rs. 6000 yearly and there is no maximum limit. You can invest any number of times in a year, but the investment should be at least quarterly. But the tier 2 account is optional for investor those who could invest a voluntary amount at any time. Only tier 1 account holders can open tier 2 account.

Government of India constituted a Pension Fund Regulatory and Development Authority (PFRDA) to monitor the activities of NPS. If you wish to open an NPS account you should fill the NPS registration form (UOS-S1) from the website of PFRDA or form one of the 22 Registered POPs (Point of Presence – authorized branches to act as collection points and render service to customers) and submit the filled up forms with the first contribution as per your plan, in any of the POPs or Central Record Keeping Agency (CRA). After processing your registration form you will be provided a Permanent Retirement Account Number (PRAN) and also a Telephone Password (TPIN) and Internet Password (IPIN) to access your account.

To promote the poor and make the NPS more attractive, government also will invest Rs. 1000 per year for three years in each NPS account opened in the year 2010-11 and invest a yearly contribution between Rs. 1000 to Rs. 12000 and the proposal is called Swavalamban.

If a subscriber failed to pay the contribution, should pay a penalty of Rs. 100 along with regular outstanding contribution to reactivate the account.

An NPS account holder can opt from two investment approaches. The first one is active approach. In this approach the investor can invest in any of the pension funds of an approved pension fund management company among seven PFRDA approved companies named LIC, SBI, ICICI, Kotak, Reliance, UTI and IDFC. Under this active approach an investor also can decide the proportion of amount invested in equity, debt or balanced funds.

The second investment option named auto choice and for those investor who could not find a better option of investment themselves. Under this option the money is invested in various investment options as per the age of the investor. The younger investors will be allotted high risk investment instruments such as equities etc. and when the age increases the investment strategy also will be changed from high risk to low risk and safe investment options.

The investor can switch among investment houses and investment options, but switching among active approach and auto approach is not permitted.

NPS is considered as a tax saving investment under section 80C with certain conditions. The new proposed Direct Tax Code (DTC) also refers NPS as a tax saving instrument.

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Friday, 26 August 2011

SBI Gold Fund,Conveniently Invest in Gold

Investment in Gold always proves that it is a good method of investment. The main advantage is that the value always shows an upwards trend. When we compare investment in gold with investment in stock exchange, there is always an uncertainty in stock value.  We cannot predict the value of a stock will raise or fall. A Highly experienced person may foresee the changes of stock value. But for an ordinary man it is still a gambling.

When you invest in gold for expecting profit, it is not necessary to invest in physical gold. You can go for a gold mutual fund or gold exchange traded fund. You can escape from the risk of keeping pure gold and at the same time you can transact through online with or without the help of a demat account. SBI gold fund is such a gold fund where you can invest in gold through mutual fund.

SBI Gold Fund is an open ended Fund of Fund (FOF) scheme that invests in the units of SBI Gold Exchange Traded Scheme (SBI GETS). The scheme provides returns of SBI Gold Exchange Traded Scheme (SBI GETS). One can invest in SBI Gold fund just like you invest in any mutual fund without the help of a demat account, which gives you the same benefit of investing in gold, but more convenient than invest in physical gold.

Benefits of SBI Gold Fund

No need of a Demat Account for investing in SBI Gold Fund.

You can invest in SBI gold fund without having a demat account and at the same time you can invest in convenient units of the fund, whether it is smaller or bigger.

SBI Gold fund offer high liquidity

You can invest or redeem at any time on all business days in this gold fund as it is an open ended fund. The Gold fund is more liquid than that of physical gold.

SBI Gold Fund is less expensive

If you invest through a demat account, you have to pay annual maintenance charge of demat account, delivery or brokerage charges, transaction charges etc. but for SBI gold fund, you have to pay only recurring expenses and other mutual fund related expenses, which may comparatively be very less.

Guaranteed Purity & Security

The SBI gold fund invest in SBI Gold Exchange Traded Fund (SBI GETS) and the gold, SBI GETS invested in is pure and kept safe with the custodian.

You can invest through SIP

SBI Gold fund allows you to invest in Systematic Investment Plan (SIP) which enables you to invest in regular saving in small convenient amounts in convenient intervals.

With SBI Gold fund you can safely invest in gold and can reap the profit of investing in real physical gold. The SBI GETS invest in pure physical gold and the SBI gold fund invest in SBI GETS which allows you to get the profit of investing in real gold.

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Thursday, 25 August 2011

LIC's Jeevan Arogya policy at a glance

LIC's Jeevan Argogya Insurance Policy is a special type of health insurance policy pays irrespective of your actual medical bill. If you got sick and treated with hospitalisation,  you will get money. Following are the main features of LIC's Jeevan Arogya Policy.

A single policy covers extended family including self, Spouse, kids and parents or parents in laws. With the help of Lic’s Jeevan Arogya policy you can cover the health protection of all members in your family with one single policy.

Hospital Cash benefit for all hospitalizations exceeding 24 hours. You can get a fixed amount of Rs. 1000, Rs. 2000, Rs. 3000 or Rs. 4000 per day, as per your option at the time of joining the policy, for each day of hospitalization. Your premium will be fixed accordingly.

Major Surgical Benefit for 140 listed surgeries at the rate of 100 times of Hospital Cash Benefit including 5% yearly increase. The maximum MSB is restricted to 800% of HSB for a lifetime of each insured. For Example if the Daily hospital cash benefit is Rs. 2000 the MSB will be 2000×100=2,00,000 every year for any major surgery taken place up to Rs. 16,00,000 in a lifetime.

Day care Procedure Benefit for all curative surgical procedures. The Day care procedure Benefit is 5 times of DCB for every listed surgery which requires hospitalization is not more than one day and can avail a maximum of 3 such surgical procedures every year subjected to 24 such surgeries in a lifetime for each person insured.

50% Advance MSB available under Quick Cash Facility (Emergency Cash) which will be credited to bank account for the treatment from listed network hospitals.

Optional Term/Accident Insurance riders available for principal Insured and Spouse. This benefit is optional and should be chosen, when you join the policy and should pay additional premium.

Full entitlement paid irrespective of actual expenses. This is one of the major advantages of Lic’s Jeevan Arogya policy that you can claim all the benefits irrespective of your actual expenses. You can go for low budget hospital and can get the full benefit offered by the scheme.

Claim payable in addition to any other health insurance cover (Only photocopy of bills required.). Even if you have any other medical insurance policy, you can avail these benefits, because Lic’s Jeevan Arogya pays irrespective of your medical bill. The copy of medical bill you have to submit as the proof of your treatment only.

Read More LIC Jeevan Arogya Health Insurance Plan

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Wednesday, 24 August 2011

Stock Market Investment Tips for beginners.

Stock Market Investment is a good method of making money only when you do it with much care and attention. Most people think that stock market is good place to make enough money. If so all stock traders and stock market investors must become multi millionaires and billionaires. But the reality is not that. When you try to invest in stock market, learn the market and the stock well and start only after collecting all information and necessary analysis.

You must be aware that nobody can become rich through stock market within a short time. When you enter into stock market you should know this fact and go ahead only with the real facts. You should not trust the advertisements and rumors. Learn everything well and go ahead with confidence.

Invest in a particular stock or in a particular sector only after doing careful market study and independent analysis of the stock you wish to buy. You must not believe others, even if it is the top most investment guru Warren Buffet, without proper self study.

Give much attention to stock investment and watch the market carefully. You never think that you can be a good trader by doing stock trade just like a part-time work or as a hobby. You can do stock trade as part time work or as hobby, but the net result will be a heavy loss.

Do not follow blindly the activities of other traders, friends or large scale investors. If you follow others the net result will be a loss. You may watch chess while others playing. There may be many ideas in your mind when others playing. But that might not be the idea of the player. Just like in stock trading you could not watch and follow others.

When you invest in stock market, it must not be for a short period. If you do so no doubt you would be a looser in stock market. Stock market trading is just like planting trees. You could not harvest in a short while. Wait enough time to get a good harvest.

When you invest in stocks of a particular company, study all the activities of the company including their business, management, financial status, popularity, goodwill etc. You must know that if you invest in shares of strong companies no doubt you can yield a good profit, if you are ready to wait for enough time.

Do not be panic while selling or buying shares. The market trends may be tempting you to sell or buy shares in a particular time. Whenever you sell or buy stock, do it only after a good market study and analysis. This is not a gambling. This is a real scientific trade which has its own principles and methods. So don’t be panic or greedy.

Never enter stock market with borrowed money. If you take a loan or borrow money from any friends or relatives, to invest in stock market, you could not refund it in right time. The stock market is volatile and one could not foresee the real position of stock market after a stipulated time.

Never invest in stock market with the money you are earmarked for a specified purpose. You could not realize the money when you are urgently needs the money, unless you are not ready to bear a heavy loss. The money you invest in stock market could not easily realize with profit while you hardly need the money. This is from the experience of a good portion of stock traders.

Do not follow rumors, analyst report, hot stock tips or recommendations of the stock broker. Their strategy or ideas may not help you to get a good profit. They are making such recommendations as a common strategy which may not be suitable for you. All readymade dresses are not suitable for all. You should have a dress in your own measurements. So do not follow blindly such common evaluations.

Diversify your portfolio in a balanced way. Do not over diversify or under diversified. Do it in an optimum way of diversification. Only experience can help you here. You can be a good stock trader in a certain period of time with hard work and quality market study. Always remember that Rome is not built in a day.

If you follow all the above mentioned tips, you can be a profitable stock trader and can make money from stock market investment in rainy days or sunny days, in bullish trend or in bearish trend.


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Tuesday, 23 August 2011

Employment News Job Highlights 20 AUGUST 2011

In Employment News 20 AUGUST 2011 รข€“ 26 AUGUST 2011, there is a lot of Government Job Vacancies. highlights of those Government Job Vacancies are follows. If you are looking for a government job and any of the following government job Vacancies is suitable for you, please go through the employment News weekly for complete details.

Vacancy of Translation Assistants and Hindi Typing Assistants in Bharat Heavy Electricals Limited, New Delhi.

Vacancy of Managers, Dy. Managers and Sr. Managers in Bharat Heavy Electricals Limited, New Delhi requires.

Union Public Service Commission notifies ‘Geologists’ Examination, 2011

Upper Division Clerks and Stenographer Grade-III required by Bhabha Atomic Research Centre, Mumbai.

Job Vacancy of Scientists, Senior Scientists. Principal Scientists and Senior Principal Scientists etc., in National Physical Laboratory, New Delhi.

Applications are invited for scientific posts by CSIR-National Botanical Research Institute, Lucknow.

Vacancy of Constables in different categories by North Eastern Police Academy, Umsaw.

Staff Selection Commission notifies Combined Higher Secondary Level (10+2) Examination, 2011 for Recruitment of Data Entry Operators and Lower Division Clerks.

Applications are invited for the positions of Scientists by CSIR-Indian Institute of Integrative Medicine, Jammu-Tawi.

Job Vacancy of Company Secretary, Chief Managers, Managers, Engineer etc., in  Mangalore Refinery and Petrochemicals Limited.

Bureau of Indian Standards invites applications for the posts of Scientists-‘B’.

Indian Institute of Technology, Bombay requires Jr. Technical Superintendents and Jr. Superintendents.

If any of the above government job vacancies is suitable for you, please read the employment news 20 AUGUST 2011 – 26 AUGUST 2011 for application procedure and more details about the job.

Employment News Job Highlights 13 AUGUST 2011

16595 Assistant Loco Pilot Vacancies Railway



Employment News Job Highlights 06 AUGUST 2011

Sunday, 21 August 2011

Investment News Letter 21st August, 2011

Investment & Money Matters presenting its 15thedition of the Investment News letter. While global share markets fall continuously the price of gold is skyrocketing. Some investors turn to gold. The experts say that the gold price will go upwards till the end of this year. In this scenario we wish to include more articles about gold this week. With the help of these articles you can get an awareness  about how you can you invest in gold and how can you get profit out of gold.
Gold investment – different methods 
A part of your investment must be in gold to avoid market loss. Here you can see various convenient investment methods in gold and you may choose any of such methods.Continue reading ?

 
Investment Guidelines for regular income people 
A good percentage of people get regular income. It may be from salary, Rent, interest or any other sources. But most of the regular income people do not have a regular invesment habit. They have enough money to spend at …Continue reading ?

 
Quantum Gold Savings Fund (QGSF) 
Gold is a precious metal and an investment in gold never devalue your investment and now all investment experts say that you must include a certain percentage of pure gold in your investment port folio to hedge against inflation and …Continue reading ?

 
Why should you invest in gold? 
Gold is there even from the ancient period where there was no any other known metal. Gold is the first metal introduced to mankind. The color and value of gold attracted not only the ordinary people but kings and emperors … Continue reading?

DSP BlackRock FMP – 6M – Series 11- NFO 
DSP BlackRock Mutual Fund lunched a new Fixed Maturity Plan (FMP) named DSP BlackRock FMP - 6M - Series 11. The objective of the scheme Continue reading?

 
Employment News Job Highlights 13 AUGUST 2011 
Government Job vacancies are advertised in Employment News. Employment News 13 AUGUST 2011 - 19 AUGUST 2011 shows important Government Job Vacancies Continue reading?

 
16595 Assistant Loco Pilot Vacancies Railway 
Indian Railway Recruitment Board (RRB) invited application for Recruitment of Assistant Loco Pilot (ALP). There is around 16595 Vacancies all over India.Continue reading ?

Friday, 19 August 2011

DSP BlackRock FMP - 6M - Series 11- NFO

DSP BlackRock Mutual Fund lunched a new Fixed Maturity Plan (FMP) named DSP BlackRock FMP - 6M - Series 11. The objective of the scheme is the primary investment objective of the Schemes is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities.

The Scheme will invest only in such securities which mature on or before the date of maturity of the Schemes. It is a close ended income fund which is already opened in the market on 18th August, 2011 and the scheme will be closed on 22nd August, 2011.

The offer price is Rs. 10 per unit and the minimum required investment is Rs. 5000 and in multiples of Re. 1 thereafter. There is no entry load or exit load for the scheme. The DSP BlackRock FMP - 6M - Series 11 is available in growth option and dividend payout option.

The pooled money of the investors will be invested in debt securities and money market securities with low and medium risk profile. The scheme will be listed in Bombay Stock Exchange.

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Wednesday, 17 August 2011

Employment News Job Highlights 13 AUGUST 2011

Government Job vacancies are advertised in Employment News.  Employment News 13 AUGUST 2011 - 19 AUGUST 2011 also shows various important Government Job Vacancies. The highlights of the Government Job Vacancies in Employment News 13 AUGUST 2011 - 19 AUGUST listed below. Those who are interested in any of these vacancies can visit the website of employment news for more details or read the current edition of the weekly.

Union Public Service Commission invites applications for various posts.

Council of Scientific and Industrial Research notifies Joint CSIR-UGC Test for Junior Research Fellowship and Eligibility for Lectureship.

Railway Recruitment Boards (RRB), require Assistant Loco Pilots.

Agriculture Scientists Recruitment Board, New Delhi invites applications for various Scientific posts.

The Shipping Corporation of India Limited, Mumbai invites applications for various posts.

Indian Oil Corporation Limited, Barauni Refinery requires Junior Engineer Assistant-IV (Productions)/Trainees.

Coal India Limited requires Medical Executives.

Air India Air Transport Services Limited requires Ramp Service Agents and Senior Ramp Service Agents.

Allahabad Up Gramin Bank requires Officer Scale-I and Office Assistant.

Navodaya Vidyalaya Samiti, Shillong requires Catering Assistants.

Ordnance Factory, Kanpur requires Machinists, Fitter, General Electricians, Grinders, Millwrights etc.

National Institute of Occupational Health, Ahmedabad requires Technical Officer-A, Technical Assistants, Technicians-C & Technicians-A.

If you are interested in any of the abovementioned government job vacancies, please read the related employment news or visit the website of employmentnews.gov.in to know more details about the vacancy.

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Monday, 15 August 2011

16595 Assistant Loco Pilot Vacancies Railway

Indian Railway Recruitment Board (RRB) invited application for Recruitment of Assistant Loco Pilot (ALP). There is around 16595 Vacancies in various railway divisions all over India. Those who are interested to apply can submit their application Online or Offline. The last date of submitting application is 12th September, 2011. For Far Flung areas (distant remote areas) the last date of application is 27th September, 2011.

Minimum Age limit is 18years and the maximum age is 30 years as on 01/01/2012 for applying the vacancy of Assistant Loco Pilot, Pay Scale of the post is Rs. 5200-20200 with a Grade Pay Rs. 1900/-. Reservations & Age Relaxations are available as per rules (Refer Advertisement).

Educational Qualifications 

Matriculation or equivalent under 10+2 system & Course completed Act, Apprentice OR I.T.I. in any of the specific trades recognized by SCVT/NCVT (Fitter, Electrician, Instrumentation Mechanic, Mill Wright/Maintenance Mechanic, Mill Wright/Maintenance Mechanic, Mechanic Radio & T.V., Electronics Mechanic, Mechanic Motor Vehicle, Wireman, Tractor Mechanic, Armature & Coil Winder, Mechanic Diesel, Heat Engine, Turner, Machinist, Refrigeration & A.C. Mechanic) OR Diploma in Mechanical/Electrical/Electronics/Automobile Engineering from recognised by AICTE in lieu of I.T.I.

Those who have higher Educational qualifications in the related trades/disciplines recognized by AICTE, also can apply for the post. There will be written examination, Aptitude Test, Documents & Candidature Verification etc. as selection procedures. Application fee is Rs. 40 should be paid as per the direction in the advertisement.

You can apply online on or before 12/09/2011 at concerned RRB Website. Just click on the Online Application Link and fill the Bio-data in the prescribed format. After applying online take print outs of the “System Generated Application Form” and paste recent colour photographs on the form and complete the application form with all details and documents, and send it to the concerned Railway Recruitment Board to the Address mentioned in the Advertisement on or before the last date of application.

For offline Applications, apply in the prescribed format along with fee and all supporting documents and complete in all respects should reach to the Concerned Railway Recruitment Board on or before 12/09/2011 (27/09/2011 for Far Flung Area/Remote Area candidates).

On the face of the envelope WriteApplication for the Post of Assistant Loco Pilot Category No.1 &Employment Notice No. & Community (Caste)”

For detailed advertisement and application form, please visit http://www.rrbbpl.nic.in/Employment_Notice/Notice_English.pdf
Those who are interested to apply for the post must read the employment notice before applying for the Assistant Loco Pilot Post.

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Sunday, 14 August 2011

Investment News Letter 14th August, 2011

The 14thedition of the Investment News Letter starts with an article about Post Office Small Savings Account. In this uncertain market trend the investments like post office savings account etc., plays an important role to safeguard the hard earned money of the investor. Let us start with the statistics of post office savings account.  On this eve of Independence Day (India) we wish all our readers a Happy Independence Day.
Post Office Small Savings Account 
Post Office Small Savings Account is trusted by many and for most of them it is a saving method. It is the common man's account and post offices are every where in India Continue reading ?

 
SBI DEBT FUND SERIES 180 DAYS – 21-NFO 
SBI Mutual Fund Launched a close ended income fund named SBI DEBT FUND SERIES 180 DAYS – 21. The Objective of the Scheme is to provide regular incomeContinue reading ?

 
Safe Investment for Common Man, Why? 
Safe investment means investment without uncertainties, Avoid uncertainties from investment. The outcome of investment should be definite. Why?Continue reading ?

 
Gold investment value still upward trend 
Gold is again proved that it is a precious metal. The yellow metal never turn backs and never compromises its value.The Stock market is again downward Continue reading ?

 
Edelweiss Select Midcap Fund – N.F.O 
Edelweiss Mutual Fund launched a New Fund in the market named Edelweiss Select Midcap Fund. New Fund Offer is an open ended Growth fund Continue reading?

 
Employment News Job Highlights 06 AUGUST 2011 
There are lots of Government Job Vacancies advertised in the Employment News (06 AUGUST 2011 - 12 AUGUST 2011) Read Job highlights of Employment News Continue reading ?

Saturday, 13 August 2011

Post Office Small Savings Account

Post Office Small Savings Account is trusted by many and for most of them it is a saving method. It is the common man's account and post offices are every where in India and the Small Savings Account can open in any post offices. So most people especially villagers it is an important method of saving.  The post in GOVTEMPDIARY shows the statistics of post office small savings account. Just read it as it is written.



Small Savings Accounts in Post Offices


The number of operational small savings accounts in the Department of Post as on 30/6/2011 are 264585266 and the amount deposited therein by the common man as on June 2011 is 3728154388 (Rs in thousands)


The number of accounts closed by customers during the last one year is 40950379.


The collections under all small savings schemes are credited to National Small Savings Fund (NSSF) and the opening balance as per Budget Estimates 2011-12 is Rs. 7,99,386.51 crore.


The small savings schemes continue to enjoy investor confidence as the risk-return equation of these schemes is favourable with the benefits of liquidity, accessibility, tax incentives and implicit sovereign guarantee. The Government has taken the following steps to make the small savings schemes more attractive and investor friendly:-


The restriction on opening of more than one account during a calendar month under the Senior Citizens Savings Scheme has been removed with effect from 24th May, 2007.


All categories of pensioners have been allowed to open and maintain ‘Pension Account’ under Post Office Savings Account Rules, with effect from 11th July, 2007.


The penalty on pre-mature withdrawal of deposits under the Post Office Monthly Income Account (POMIA) scheme has been rationalised from 3.5% to 2% on withdrawal on or before expiry of three years and 1% on withdrawal after expiry of three years.


The maximum deposit ceilings of Rs. 3.00 lakh and Rs. 6.00 lakh under the Post Office Monthly Income Account (POMIA) scheme has been raised to Rs. 4.5 lakh and Rs. 9.00 lakh in respect of single and joint accounts respectively.


Bonus at the rate of 5 per cent on the deposits made under Post Office Monthly Income Account (POMIA) Scheme on or after 8th December, 2007 upon the maturity of the deposit had been reintroduced.


The benefit of Section 80C of the Income Tax Act, 1961 has been extended to the investments made under 5-Year Post Office Time Deposits Account and Senior Citizens Savings Scheme, with effect from 1.4.2007.


A website of the National Savings Institute under Government of India, Ministry of Finance has also been launched to facilitate interface with the public through wider dissemination of information on small savings and on-line registration and settlement of investors grievances. The website address is nsiindia.gov.in.


This statement was given by Shri Sachin Pilot, the Minister of State Communication and Information Technology in response to a question in Rajya Sabha today.


source-pib


Courtesy : GOVTEMPDIARY


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SBI DEBT FUND SERIES 180 DAYS – 21-NFO

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Safe Investment for Common Man, Why?

 

 

Friday, 12 August 2011

SBI DEBT FUND SERIES 180 DAYS - 21-NFO

SBI Mutual Fund Launched a close ended income fund named SBI DEBT FUND SERIES 180 DAYS – 21. The Objective of the Scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, AAA/AA+ Bonds and Money Market Instruments maturing on or before the maturity of the scheme. The Maturity of the scheme is the 180th day from the date of allotment of the fund.

The opening date of this new fixed Maturity Plan is 12th August, 2011 and the closing date is 16th August, 2011. The price of a single unit is Rs. 10 at the NFO period and the minimum required investment is Rs. 5000. There is no entry load or exist load for the scheme.

All About Mutual Fund


The investor can opt for growth option or dividend payout option. The scheme plans to invest 10o percent of the pooled money in Government securities and treasury bills, Public Sector Undertakings & Corporate Bonds and debt instruments, Money market instruments with medium or low risk profile. Mr. Rajeev Radhakrishnan is the Fund Manager and the scheme is benchmarked against CRISIL Liquid Fund Index.

The debt schemes are less affected with high market fluctuations. An investor who is not ready to invest in high risk profile financial instruments may choose this plan. The risk profile is medium or low and the chances of getting a loss is lesser than open ended equity schemes.

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Thursday, 11 August 2011

Safe Investment for Common Man, Why?

Safe investment means investment without uncertainties, Avoid uncertainties from investment. The outcome of investment should be definite. This may be a strange idea in the field investment. Most investment experts may laugh at this statement. But an ordinary man who is investing from his hard earned money, the beard and wine of his own and his families must invest safely. He has no money to play with, he has no money to do experiments, and he has no money to satisfy stock brokers and agents. He has his own financial goals which must be satisfied with his limited income. His financial goals may be small or big, long term or short term, he is the only person to meet those goals.

We may define investment as the art and science of investing money wisely and earn to satisfy the financial goals of the investor. Yes investment is an art. Everybody cannot do so. A successful investor must know how to invest wisely. The investor is playing with his own hard earned money, the bread and wine of himself and his families. Only a prodigal person can invest without looking ahead. He must know how to secure his investment. How to get a define income from his investment or a growth of investment.

Investment is a science. The investor must know the rules and principles of the investment he is doing. He must know all the aspects of his investment. How much he can earn? What is the risk factor? What is the tax rules regarding his investment? What is the legality of his investment? And so on.

Safest Investment Options


The recent development in stock exchanges and financial market does not consider the investment of such small investors. The small scale investor who invests in stocks and equity related investments could not redeem their investments due to the sudden fall of markets. Even if he has any financial goal to meet recently, he could no sell it off. He is not sure when he can dispose his investments profitably and his immediate necessaries cannot be postponed. Either he has to suffer a heavy loss or he has to go for a loan which is not easy with his current investments. He has to give any other collateral securities to get a loan. His current investments are not enough to get a sufficient amount of loan.

Investment plan for lazy investors and those who have not time to invest

We strongly advise such investors, invest only in safe investments such as Fixed Deposits, Public Provident Fund, National savings certificate, Post office saving accounts, Recurring deposits in banks or post offices, debt mutual funds etc as per your financial requirements. Even if you won’t get a huge profit, you can save your principal amount and some certain interests or dividend.

We do not discourage the investors who invest in stocks or mutual funds. We just mean that balance your investments as per your requirements. If you have a thirst for risk bearing keep a healthy proportion in both type of investments.

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Wednesday, 10 August 2011

Gold investment value still upward trend

Gold is again proved that it is a precious metal. The yellow metal never turn backs and never compromises its value. The Stock market is again downward trend. May be due to US rating problem or any other reason, nobody can predict that the situation will improve or not in near future. But Gold is not like that. The pure gold has its value ever.

Due to this situation the nations changed its policy and replace the reserve currency with gold. This also increased the demand of gold and the price also increased simultaneously. Investors also shifted to gold from other equity related products. Now gold is in its peak value. The small investors are not daring to invest uncertain stock market.

Investment experts say that the value of gold will show increasing trend till the end of this year. Real estate is in its peak and there is no evidence that the value become high again. This may be a slow down. The adverse effect of financial market also will affect real estate, bonds etc. So you can invest in gold for a short while. But be vigilant against investing all your efforts in gold. We cannot predict that the value of gold will shows high for ever. There may be a correction.

Investment in gold will not give you any bonus, interest or dividend. Just gives the possible appreciation only. One of my friends told that when you had a monthly salary of Rs. 3000 you could buy 10 gram gold with one month salary. Now you are getting a salary of Rs. 40000 you can buy 15 gram gold. So comparatively the value of gold did not increase as per the rate of inflation. Even if he did not consider the seniority factor he is almost correct.

So our opinion is that you should invest only a part of your investment, say 10% in gold and book profit whenever you get a desired profit.

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Tuesday, 9 August 2011

Edelweiss Select Midcap Fund - N.F.O

Edelweiss Mutual Fund launched a New Fund in the market named Edelweiss Select Midcap Fund. This is an open ended Growth fund which is launched on 04th August, 2011. The new fund offer will close on 18th August, 2011. As an open ended mutual fund the investor can redeem at any time they wish to do so. But there is an exit load of 1%, if the mutual fund is redeemed within 365 days of the allotment of the fund. After 365 days there is no any exit load. There is no entry load for Edelweiss Select Midcap Fund.

The primary objective of the fund is to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of Mid Cap Companies. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

The face value and issue price of a single unit at NFO period is Rs. 10 and the minimum required investment is Rs. 5000 and multiples of Re 1 thereafter. The Growth option and dividend options are available and the dividend option is also available into dividend reinvestment option and dividend payout option.

The Scheme plans to invest 80% to 100% of the pooled money in equity and equity related securities. The benchmark index for the scheme will be BSE Mid-Cap Index. The fund managers are Paul Parampreet and Nandik Mallik. The scheme seems good for those who wish to gain from long term equity related investments.

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Monday, 8 August 2011

Employment News Job Highlights 06 AUGUST 2011

There are lots of Government Job Vacancies advertised in the Employment News (06 AUGUST 2011 - 12 AUGUST 2011) The highlights of some important jobs in the current edition of employment news are shown below.  Those who are looking for a government Job just readout and Select a Suitable Government Job as per your qualification and experience. For more details please refer the current issue of the weekly Employment News.

Vacancy of Engineer Trainees, Supervisors Trainees and Assistant Officers in Bharat Heavy Electricals Limited

Public Service Commission, Uttar Pradesh notifies the Assistant Prosecution Officer (Pre.) Examination, 2011

Applications are invited for various ports by Public Service Commission, Uttar Pradesh

Applications are invited for various ports by Brahmaputra Valley Fertilizers Corporation Limited

Superintending Engineer, Electricity Operation Circle, Chandigarh requires Assistant Line-man.

Vacancy of Scientists ‘B’ in Indian Council of Forestry Research and Education, Dehradun.

Medical Officers and Avian Medicine Specialist wanted by Air India

Central Public Works Department invites applications for various posts.

Management Trainees (Technical) or Management Trainees (Administration) required by Steel Authority of India Limited, New Delhi.

Ordnance Factory, Varangaon requires D.B.W., Electroplaters, Millwright, Tool Setters, Machinists and Grinders.

Gun & Shell Factory, Kolkata requires Machinists, Welders & Electricians.

Central Employment Exchange invites applications for various posts.

The above mentioned job highlights are the abstract of the Employment News (06 AUGUST 2011 - 12 AUGUST 2011) Read more details in the Employment News Weekly.

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Employment News Job Highlights 30 JULY 2011

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Sunday, 7 August 2011

Investment News Letter 07th August, 2011

This is the 13th edition of Investment News Letter.  The week end shows a downward trend in stock markets around the world.  It seems difficult for common man to make money from stocks and equity related products. The main problem is that the investors cannot use their money when they urgently need money. That time the market may be in downward trend and selling stocks and mutual funds leads them to a big loss. But those who have enough money can play in the market by accumulating stocks and related products when the value is going down and down.
Bank of India Jobs-295 Specialist Officers 
Bank of India one of the leading Public Sector Banks in India invites application for the Recruitment of Various Posts of Specialist Officers Continue reading ?

 
Open Fixed Deposit Now With High interest 
This is the right time to open a fixed deposit. Interest rate on all banks is high and you can take advantage of this high interest rate Continue reading?

 
Declare tax saving investments to employer 
Salaried people should declare their tax saving investments with proof to the employer to avoid over deduction of TDS (Tax Deducted at Source) Continue reading ?

 
Birla Sun Life Fixed Term Plan – Series DJ 
Birla Sun Life Mutual Fund issues New Fund Offerings (NFO) named Birla Sun Life Fixed Term Plan - Series DJ, a close ended income scheme.Continue reading ?

 
Employment News Job Highlights 30 JULY 2011 
Employment News Job Highlights of Government Job Vacancies in the Employment News (30th July 2011- 05th August, 2011) are shown below. Continue reading ?

 
IIISL Debentures (NCD) at 11.90% interest 
India Infoline Investment Services Limited issues secured Non Convertible Debentures (NCDs) @ 11.90% fixed interest for 5 years. Continue reading ?

Saturday, 6 August 2011

Bank of India Jobs-295 Specialist Officers

Recruitment of Specialist Officers - Bank of India one of the leading Public Sector Banks in India invites application for the Recruitment of Various Posts of Specialist Officers in Scale I & II.

There are 278 Vacancies for Marketing Executive (MBA) Scale II with a Pay Scales of Rs. 14500 – 27500. The required Educational Qualification is MBA/PGDBM with specialization in Marketing with Minimum 60 % marks from College /University approved by UGC/AICTE.

The Number of Vacancy for Marketing Executive (MBA) Scale I is 14 & Law Officers are 3. Both of these posts are in Scale 1 with a Pay Scale of 14500 – 25700. Educational Qualification for the Marketing Executive (MBA) Scale I is MBA/PGDBM with specialization in Marketing with Minimum 50 % marks from College /University approved by UGC/AICTE and for Law Officers is LLB with minimum 50% at LLB level. The eligible candidates should be regular full. The prescribed Qualification should be completed on or before 31st July, 2011.

The Minimum Age for applying all the above mentioned posts are 21 years and the maximum age is 30 years as on 31st July, 2011.

Application fee for all the posts are Rs. 400 and the challan can be downloaded from the website of Bank Of India from 02nd August, 2011 and the last date of submission of online application is 16th August, 2011. The fee could be deposited to any branches of Bank of India on or before 16th August, 2011.

Detailed Advertisement : http://www.bankofindia.com/career.aspx

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Friday, 5 August 2011

Open Fixed Deposit Now With High interest

This is the right time to open a fixed deposit. Interest rate on all banks is high and you can take advantage of this high interest rate by opening a Fixed Deposit with any bank quite a long period of time. Fixed Deposit with banks is considered as the safest deposit ever with enough liquidity. Whenever you need money you can easily convert this fixed deposit to liquid cash, even if you lose a part of interest.

With this high interest rate you can reap a good return from fixed deposits. Almost all banks offer an interest rate from 9.5% to 10.5% for Fixed deposit from One year to 5 years. You can choose cumulative interest option or interest pay out option. Cumulative interest option is preferable because you will get same rate of interest for the interest derived time to time.

Do not wait for another hike of interest. Open a fixed deposit with cumulative interest option for a long period and maximize your benefit.

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Thursday, 4 August 2011

Declare tax saving investments to employer

Salaried people should declare their tax saving investments with proof to the employer to avoid over deduction of TDS (Tax Deducted at Source). As per income tax rule the salary should be disbursed only after deducting proportionate tax every month. IF your expected gross salary for a particular year is more than the no tax limits (Rs. 190000 for ladies and Rs. 180000 for Gents for the assessment year 2011-12) the employer is liable to deduct tax from your salary every month and should be deposited to the income tax account.

There are so many exemptions are available to reduce your tax liability. Under section 80C of income tax act allow you to get exemption up to Rs. 100000 for certain tax saving investments which includes Provident Fund (PF), Public Provident Fund (PPF), National Savings Certificate (NSC), Equity linked Savings Schemes (ELSS – Equity linked tax saving mutual funds), Tax Savings Fixed Deposits with Banks – Special Fixed deposits with the maturity period after 5 years, Some expenses such as Tuition fee paid for your children who are studying in recognized regular schools or institutions, Principal amount of housing loan reimbursement etc.

You can get an additional exemption of Rs. 20000 under section 80CCF for an investment in infrastructure bond of recognized Non Banking Financial Institutions.

Rs. 15000 exemption can be claimed for medical insurance premium of self, spouse and children under section 80D and an additional exemption of Rs. 15000 for the medical insurance premium of your parents. The exemption amount will be Rs. 20000 if any of the insured is a senior citizen. But please note that in this case the age of senior citizen is 65 years. Not 60 years.

If you have a housing loan for purchasing a built up house or housing loan for a construction linked house property and the construction is completed you can claim exemption for the interest payment of housing loan up to Rs. 150000 in a year under section 24(b). For this purpose you have to submit a certificate from the bank where you have taken housing loan. For the declaration purpose get a provisional certificate from the bank and at the end of the year produce the copy of original certificate.

If you are paying rent for your residence, declare the same and produce rent receipts and copy of rent deed to your employer for availing HRA exemption. If you are paying rent and you or your spouse or minor child do not own a house and at the same time HRA is not a part of your salary, you can claim up to Rs. 2000 per month only if you produce form 10B for claiming rent exemption under section 80GG.

If you plan properly you should not pay any tax for an income of Rs. 485000 in a year. The following table shows how you can avoid tax for an income of Rs. 485000 and for ladies the amount will be Rs. 495000.

Tax Saving investments under section 80C                       Rs. 100000

Infrastructure bond under section 80CCF                          Rs.   20000

Medical Insurance under section 80D                                 Rs.   15000

Medical Insurance for parents under section 80D             Rs.   20000

Interest on housing loan exemption under section 24(b)  Rs. 150000

Nil Tax limit for Gents                                                            Rs. 180000

Total                                                                                       Rs. 485000

But, for getting benefit from all the above savings and payments declare your investments, medical insurance and loan repayment to your employer, well in advance, so that he can consider these exemptions while deducting your Tax. Do not forget to produce self attested photocopy of the documents as a proof of your investments and payments. And also remember that all these savings and payments should be paid form your salary account.

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Wednesday, 3 August 2011

Birla Sun Life Fixed Term Plan - Series DJ

Birla Sun Life Mutual Fund issues New Fund Offerings (NFO) named Birla Sun Life Fixed Term Plan - Series DJ. This is a close ended Income Fund. The Maturity date of the fund is 370 days from the date of allotment of fund. The Objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

The fund opens today, 3rd August, 2011 and will be closed on 09th August, 2011. The offer price of a single unit is Rs. 10 and the minimum required investment is Rs. 5000 and in multiples of Rs. 10 thereafter. There is no enrty load or exit load.

The Scheme is available in both growth option and dividend payout option. The Birla Fixed Term Fund Term Plan -Series DJ plans to accumulate a minimum amount of Rs. 1 crore. The Mutual Fund will allocate 100% of the assets in debt instruments and money market instruments with low and medium risk.

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Tuesday, 2 August 2011

Employment News Job Highlights 30 JULY 2011

Employment News Job Highlights of Government Job Vacancies in the Employment News (30th July 2011- 05th August, 2011) are shown below.  Those who are looking for a government Job just readout and Select a Suitable Government Job as per your qualification and experience. For more details please refer the current issue of the weekly Employment News.

Notification from Union Public Service Commission for Indian Economics Service/Indian Statistical Service Examination, 2011

Vacancy of Coaches in Sports Authority of India requires.

Officer MMG Scale-III-Group ‘A’, Officer MMG Scale-II-Group ‘A’, Officer JMG Scale-I-Group ‘A’, and Officer Assistant (Multipurpose)-Group ‘B’ required by Prathama Bank, Moradabad.

Applications are invited for various posts by Ordnance Factory, Chanda.

Job Vacancy of Durwans, Fireman, Labourers and Fire Engine Drivers in Ordnance Factory, Itarsi

Vacancy of Machinists, Fitters and Millwrights in Ordnance Factory, Katni

Vacancy of Assistant Professors in All India Institute of Medical Sciences (AIIMS), New Delhi

Applications are invited for CSIR’s Senior Research Fellowship (SRF), SRF (Extended) and Research Associateship (RA) by Council of Scientific and Industrial Research, New Delhi

Central Silk Board, Bangalore requires Junior Stenographers, Upper Division Clerks, Lower Division Clerk, Field Assistants, Technicians and Assistant Technicians.

Applications are invited for various posts in Hq. Western Air Command IAF

Indian Space Research Organisation, Bangalore requires Junior Hindi Translators.

Society for Applied Microwave Electronic Engineering and Research requires Research Scientists and Project Assistants.

For more details please read out the Employment News Weekly.

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Monday, 1 August 2011

IIISL Debentures (NCD) at 11.90% interest

India Infoline Investment Services Limited, a non-banking financial company and a subsidiary of India Infoline Limited issues secured Non Convertible Debentures (NCDs) @ 11.90% fixed interest for 5 years. Issue opens on Thursday, 04th August, 2011 and closes on Friday, 12th August, 2011.

The maturity period of the debentures is optional for 36 months, 40 months and 60 months. Minimum Application amount is Rs. 5000 for 5 NCDs of all options and the multiples of 1 NCD thereafter. The debentures can be purchased individually or collectively for more than one person. Face value and issue price of one single unit is Rs. 1000.

Interest is payable annually for 36 months and 60 months’ options, but for 40 months option the interest will be paid at the maturity only. You will get annual advance coupons for colleting interest for the interest payable options @ 11.70% to 11.90% per annum as per your option.

The date of redemption is the day at which the concerned tenure is over from the date of allotment. And the redemption amount for 36 months and 60 months option is the face value plus any accrued interest is left over.  But for 40 months option the maturity value is Rs. 1446.18 for each unit.

Tax Deducted at Source (TDS) is not applicable for the interest income of NCD and the NCDs will be listed on NSE & BSE. Demat account is compulsory for purchasing IIISL Non Convertible Debentures.

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