Expected DA Calculation Updated on 31.05.2021 on the basis of CPI for the month of Apr'21 that announced on 31.05.21 (there is an increase of just 0.50 points as per revised base year 2016 (base year changed from Oct 2020) and assumptions of CPI for next two months i.e. May & June 2021 as under (the increase of CPI points are much higher to be expected in coming months in view of recent increase in prices of generally each and every daily needs items, however on a conservative approach we assume as below on seeing the CPI for the month of April 2021
On assumptions if there is an increase of One point of CPI in next both months (May'21 & June'21). Keeping in view on going increase in fuel price and prices of other commonly required items which has made more and more difficult to manage family budget in the present covid crises, on these assumptions the expected (tentatively) an increase of DA Slabs would be 35 slabs and the total tentatively revised DA slabs would be 880 slabs i.e. 84.70% on existing pay and in terms of 11BPS total tentatively revised DA slabs would be 402 i.e. 28.14%.
On assumptions if there is an increase of 0.80 points in CPI of the next both months in this situation the expected (tentatively) an increase of DA Slabs would be 32 slabs and the total tentatively revised DA slabs would be 877 slabs i.e. 87.10% on existing pay and in terms of 11 BPS total tentatively revised DA slabs would be 399 i.e. 27.93%.
On assumptions if there is an increase of 0.50 points in CPI of the next both months in this situation the expected (tentatively) an increase of DA Slabs would be 27 slabs and the total tentatively revised DA slabs would be 872 slabs i.e. 87.20% on existing pay and in terms of 11 BPS total tentatively revised DA slabs would be 394 i.e. 27.58%.
Every time you fill up a form for an investment, whether it’s a Fixed Deposit or Insurance,
Shares or a Mutual Fund or even if you’re opening a new bank account, there will be a
separate section that will ask you to mention a ‘Nominee’. This column is often left
blank by a lot of people who are investing or opening an account, but it shouldn’t be, and here’s why.
What is Nomination?
Nomination is a facility that enables a deposit account holder, investor in mutual fund/other financial instruments or safe deposit locker holder to nominate an individual, who can claim the proceeds of the deposit account, investment or contents of the safe deposit locker, post the demise of the original depositor, investor or locker holder.
Who is a Nominee?
A Nominee is a person whom you can list in your investment or bank application as the person who can receive the proceeds of your account in case of your unexpected death.
The nominee can be anyone you deem to be your first relative - your parents, spouse, kids, siblings etc. Some investments also allow you to have multiple nominees where you can assign percentages of your money to each one of them. If you don’t specify percentages, it is shared equally.
Why nominate someone?
In case of the unfortunate event of one’s demise, one’s family/ near ones go through a very painful and difficult time of coping up with the loss. To add to this, whether we like it or not, financial security and means is necessary for the surviving partner or your close ones. All banks and financial institutions have standard and simpler processes for settling death claims, where nomination is clearly mentioned in the account or folio.
However, in absence of nomination, process of settling a death claim may require a host of documents, including death, succession certificates, a will or a court order. Although it may sound simple on paper, it ends up being a long drawn process in real life and it is not a situation which you would want to put your loved ones at a time, which would anyways be an already emotionally painful situation for them.
Why is nomination critical?
Nomination is a critical activity which a lot of us miss out, which eventually creates a lot of unwanted hassle for our nearest ones.
There is startling data from the RBI which shows thousands of crores of unclaimed deposits lying in banks across the country. These are deposits which are lying in accounts where the original owner has not claimed the money, or deceased and had not filed nomination details. This by itself is a proof of how difficult it can be to retrieve your money where there is no nomination done.
It will take just a visit to your bank and mutual fund Company to add a Nominee by filling up a simple form.
Points to remember while doing Nomination
• Mention the full name, age, address and your relationship with the nominee.
• Do not write the nomination in favour of "wife" and "children" as a class. Give their specific names and particulars existing at that moment.
• If the nominee is a minor, appoint a person who is a major as an appointee giving his full name, age, address and relationship to the nominee.
It is advisable to take out some time to regularise “nomination” in all your financial instruments, assets, bank accounts and lockers. You will render them a huge help when they would need it the most.
19. Restriction on nature of subsidiary companies.— 105 [
(1) A banking company shall not form any subsidiary company except a subsidiary company formed for one or more of the following purposes, namely:—
(a) the undertaking of any business which, under clauses (a) to (o) of sub-section (1) of section 6, is permissible for a banking company to undertake, or
(b) with the previous permission in writing of the Reserve Bank, the carrying on of the business of banking exclusively outside India, or
(c) the undertaking of such other business, which the Reserve Bank may, with the prior approval of the Central Government, consider to be conducive to the spread of banking in India or to be other wise useful or necessary in the public interest. Explanation.—For the purposes of section 8, a banking company shall not be deemed, by reason of its forming or having a subsidiary company, to be engaged indirectly in the business carried on by such subsidiary company.]
(2) Save as provided in sub-section (1), no banking company shall hold shares in any company, whether as pledgee, mortgagee or absolute owner, of an amount exceeding thirty per cent. of the paid-up share capital of that company or thirty per cent. of its own paid-up share capital and reserves, whichever is less: Provided that any banking company which is on the date of the commencement of this Act holding any shares in contravention of the provisions of this sub-section shall not be liable to any penalty therefor if it reports the matter without delay to the Reserve Bank and if it brings its holding of shares into conformity with the said provisions within such period, not exceeding two years, as the Reserve Bank may think fit to allow.
(3) Save as provided in sub-section (1) and notwithstanding anything contained in sub-section (2), a banking company shall not, after the expiry of one year from the date of the commencement of this Act, hold shares, whether as pledgee, mortagagee or absolute owner, in any company in the management of which any managing director or manager of the banking company is in any manner concerned or interested.
106 [(4) Save as provided in clause (c) of sub‑section (1), a banking company may form a subsidiary company to carry on the business of credit information in accordance with the Credit Information Companies (Regulation) Act, 2005.]
A man recovering from Covid-19 in India showed up at his office while hooked up to his oxygen tank after he was reportedly denied sick leave.
Arvind Kumar turned up to the branch of Punjab National Bank in Bokaro, Jharkhand leaning on his wife and with his son dragging the oxygen cylinder into the building with him.
Mr Kumar, whose family filmed the Tuesday incident and posted the video online in a clip that has since been widely shared, says the bank denied his application for additional sick leave and ordered him to return to duty.
In his letter requesting leave, he had said he was still recovering from the virus while an infection had spread to his lungs, and that he required continuous oxygen support as his blood oxygen levels remained low, reported the New Indian Express.
The video shows Mr Kumar walking into the bank branch connected to the oxygen cylinder, before taking the stairs to confront a bank official in his cubicle.
The family and the bank official then exchanged a heated argument, with Mr Kumar seen panting and gasping for air at the end of the video as he yells at the manager: “Why I am being tortured.. I am sick and in serious condition. Doctors have said it will take three months to recover as the infection has reached my lungs.” He also demanded his salary be settled as he alleged non-payment.
“The bank officials did not consider his leave application and he even submitted his resignation, which was also rejected,” said a family member.
“Now, they are threatening to deduct his salary due to which he was forced to come to work with oxygen support.”
Mr Kumar was then asked to return home. Since the incident bank officials refrained from issuing statements. The Independent has approached the bank for comment.
Covid-19 patients across the world are reporting a long list of lingering symptoms despite having ostensibly recovered, known as long Covid. According to a survey in the UK, almost 14 per cent of Covid patients reported lingering symptoms which lasted at least 12 weeks.
Quoting a recent CMIE study, Vyas said, "India had 403.5 million jobs before being hit by the COVID-19 pandemic. In April 2020, about 126 million jobs were lost of which about 90 million were those of daily wagers. The figure recovered and reached 400 million jobs in January 2021 or December 2020. However, after the second wave, India has 390 million jobs."
Vyas pointed out that not everyone has got their job back and those who have got their jobs back have not necessarily got the same quality job. Salaried jobs are still falling. The situation is worse off, he added.
Over 97 percent of India's population has become poorer compared to where they were in terms of income (a year ago), claimed Vyas while accounting for inflation.
"When we ask people in our survey, how's their income today compared to a year ago, only 3 per cent tell us today that their income is better than a year ago; about 55 percent tell us categorically that it is worse than a year ago, and the remaining tell us that it is no better, no worse. I think that is a big damaging factor. And it raises the question, how are we going to recover from this situation?" questioned Vyas.
Unemployment levels have moved into double digits, at 14.73 percent for the week ending May 23, according to CMIE, with over 17 percent unemployment in urban India and nearly 14 percent in rural India. CMIE said India's unemployment rate rose 8 percent in April 2021, against 6.5 percent in March 2021.
Vyas said the 30-day moving average gives you a slightly longer and slightly more reliable number and that number has gone up to 13 percent as of May 23. So, we're really looking at unemployment rising, and labour participation rates stalling, he added.
Investment bank Barclays recently has said India is losing about $8 billion--about Rs 60,000 crore every week in May 2021. The total loss will be $117 billion (Rs 8.5 trillion) or 3.75 percent of gross domestic product (GDP), according to Barclays.
*LIC procured 2.10 Crore new policies & settled 2.28 Crores Claims -A humongous task in the pandemic times.It could be possible due to total dedication of workforce*
*Market Share of LIC in*
*Composite Policies* : *74.58%*
*Composite Share in FYP* : *66.18%*
*After 22 years of Competition also,LIC is cruising with >70% Market Share*
*Growth in Business of Pensions & Group Schemes* - *Astounding* *39%*
*Highest ever FYPI (First Year Premium Income) of Rs 56,285 Crores was realized by LIC*
*As per International Reports of UK*,
◆ *LIC was rated as 10th Most Valuable Brand throughout the Globe*
◆ *On the basis of Brand Strength,LIC Occupies 3rd position* ( *Earlier it was 10th position.Huge improvement* )
@ *Death Claim Settlement Ratio* -*98.74%*
*Non Early Death Claim Settlement Ratio* -99.86%
*Profits on Equities -Rs 36,900 Crores* ( *Last Year Rs 18,370 Crores*)
*Investment by LIC in Equity portfolio -Rs 94,000 Crores* ( *Last Year -Around Rs 60,000 Crores*)
*In the month of April ,2021 alone,LIC booked profits of*
*Rs 3,161 Crores on Investments*
*Golden Jubilee Foundation of LIC disbursed Rs 11.59 crores through 46 projects in 2020-21.Since it's inception,LIC disbursed 102 crores through 594 projects* ( *Rs 40 Cr towards scholarship to Students*)
*Success Rate of LIC*
◆ *In Court Cases* -99.42%
◆ *In Consumer Cases* -87.96%
*Spectacular Achievement of LIC*
- *There was no Penalty for RTI,despite being huge organization*
*2,21,036 Agents were recruited by LIC in 2020-21.Net addition of Agents -1,44,982*
*72% of Total Premium was received by LIC either through Online or through Merchant Portals*
*LIC achieved highest ever MDRT Agents -16,564*
*IDBI Bank has contributed more than 82,000 Policies and 863 Crores of Premium under B&AC Channel*
*In 6 months time,LIC will be one of the most technologically advanced & digitally organized entity*
*Centralized Policy Bond Printing for all 8 Zones will be done latest by Quarter End*
I got on to the bus. Seeing the crowd inside, I was upset. There was no place to sit. Just then, a person vacated his seat.The man standing next to the vacant seat could have sat there, but instead he offered the seat to me.
At the next stop, the same thing happened again. He gave his seat to another. This happened 4 times during the entire journey. The man looked like a normal worker, returning home after a long day at work...
At the last stop when all of us got off, I spoke to him.
"Why were you giving your seat to another person every time you got a vacant seat?"
His answer took me by surprise.
"I haven’t studied much in my life nor do I know many things. I don't have much money either. So I don't have anything much to give to anyone. That's why I do this everyday. It is something I can do easily.
"After working all day I can stand for a little longer. I gave my seat to you and you said *thank you*. It gave me satisfaction that I did something for someone.
I do this daily & feel I am contributing in some way.
I go back home refreshed & happy every day that I gave something to someone."
I was speechless!
Wanting to do something for someone on a daily basis is the ultimate gift.
Here is the List of Best IIT JEE Coaching Institutes in Kota:
1. Bansal Classes
Well, Bansal Classes is one of the well-known names in Kota. Probably, this institute is on the top of every student’s list. The Institute was founded in 1991. The name of Bansal Classes has expanded not only in Kota but know it’s known in several parts of the country. They have achieved 5 times AIR-1 in the past 16 years which is tremendous. This Institute has given more than 20,000 selections in JEE which makes it one of the most known Institute for IIT-JEE. The faculties are well experienced and could be a great mentor for any student.
The institute was founded in 1988 and the institute is well reputed because of its performance and stats, more than 2000 students of this institute have cleared JEE Advanced and 25,000+ students have cleared JEE Mains. More than 1 lakh students are part of the Allen Career Institute. They will provide you plenty of study materials that you will never felt like “something is missing”. The teachers will personally solicitude you, to make you feel the part of the institute. The infrastructure of the institute is well designed and one of the best in its class.
This institute is well-known among the students and it’s also considered as one of the best coaching institutes for IIT-JEE. The faculties of this institute are very friendly and helpful. The faculties of the institute follow a result-oriented approach, and that’s why this institute is aiding the students from so many years. The institute’s content is thoroughly cherished by the students.
The story of this institute is related to every IIT-JEE student because this institute was started by the two IIT-Delhi students. Their aim was to help the students and provide detailed information & educate them. The idea of the institute was aiding the students so, they can easily clear or score good ranks in JEE Exams. The institutes Online Classes are helping millions of other students and the content is thoroughly cherished by its students.
This institute was established in 2001. Resonance is a well-known institute known for its result-oriented approach. The institute has grown at a rapid pace in the past years. Resonance has its branches in approx. every major city, which makes it into the list of every student who is preparing for IIT-JEE exams.
The Institute was established in 2010 and it was established by the ex-faculties of Bansal Academy. This institute has created so many buzzes because of this. All the experienced faculties of Bansal Academy moved and opened this, which makes it cut-throat the rest of the coaching institutes. The institute has almost a 50% success rate in JEE Advance exams and the faculties are helpful and take care of the students personally, which makes it student-oriented.
One of the fastest-growing chains in the IIT-JEE Coaching Institute industry. The institute has shown rapid growth in recent years, and it has some of the best faculties and most of the faculties are ex-IITians. The institute has included so many activities to track the performance of the students, and from past years the institute is grabbing the top ranks in JEE Mains examination. The institute is continuously giving some of the top rankers in the examination.
This institute is well known in students, especially those who are looking to score Top rank and want to enroll themselves with the top institutes in Kota. The institute was founded in 1999 and from the past 20 years, the institute is helping students to score the best ranking in IIT-JEE. The institute is known for its concept learning approach and for taking care of the students personally.
This institute was founded in 2007 and the institute is capable to show competitive results and manage to provide results below rank 50, which makes it competitive and a well-known institute in Kota. The faculties of the institute are helpful, well educated & experienced.
Everyone knows this name in Kota. The founder of the Institute personally guides the student and motivates them to do well in the examination. The institute has proved itself and lots of its students were able to score top ranks in JEE exams. So, many students of this institute were selected in many IIT colleges. If you are wishing and admiring the same you can consider Rao IIT Academy for you.
Well, there are so many good institutes available in Kota, Rajasthan, and if you are looking for some of the best Hostels in Kota where you can practice for your IIT-JEE examination without any hassle then, Zolostays can help you find a cheap and fully furnished PG/Hostel online. In every Zolo Property, you will get 24×7 power backup, proper food, furniture because we understand your time is precious, so, all you need is to pack your bags and move to the Zolo PGs, rest of the part is on us,
No-Brokerage
Wi-Fi, So, you can attend Online Classes easily.
1 Month Deposit.
Alternate Day Cleaning.
So, let’s talk about the remaining 5 institutes which you can also consider based on your budget and Requirement.
11. Narayana IIT Academy
Well, we all know the name Narayana, and they are serving from past decades. The Institute was founded in 1979. We all have witnessed the growth of this institute; the institute has its branches in approx. 17cities. The Institute is well known for its well-designed modules and study materials which are helping in developing the skills of the students. More than 600 students of this institute were selected in JEE Mains and JEE Advanced from this institute.
The institute is serving the students for the past 11 years. More than 2500 students are selected in IIT-JEE/NEET examination. The institute aims to thrive the relationship among the students and the faculties, as a result, the whole atmosphere becomes exemplary for the students to learn and perform well in the exams. This institute is well-known among the students of Kota.
This institute is known for showing good results. This institute has gained its name in the list of best IIT-JEE Coaching Institutes in Kota. The faculties of the institute believe in student counseling and giving the coaching at reasonable pricing. So, for those who are looking for a good institute at reasonable pricing they can consider Aspire Career Academy.
Sigma is a well-known name and it’s considered as the best institute for IIT in Kota. The institute aims to keep the competitive atmosphere among the students. The institute focuses on the growth of each student and gives personal guidance to its students. Its Faculties are highly educated and well experienced. This institute is perfect for the students, who want good learning at decent pricing.
The mentor of this institute has an experience of more than 22years. Mr.Prakash Joy has successfully trained IIT-JEE and AIPT students in Kota. The institute provides IIT-JEE coaching at cheap prices as compared to the other well-known institutes in Kota. So, learning from the best in the industry and getting some tips from the experienced person will never go out of the syllabus. The faculties will take care of the students will always motivate you to study hard and do well in the exam.
Finding the right IIT-JEE Coaching Institute in Kota was never plain sailing. I hope, after reading this article you are able to select the best institute for yourself, and the choice is clear for you. All the best for your exams and don’t forget to share your valuable feedback in the comment section.
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