Vramath Financial Services Becomes Private Limited Company..!

Vramath Financial Services becomes” Vramath Financial Services Pvt Ltd “ with logo

TM   a Private Limited company from Feb, 25 - 2013.

Since 1999 the firms focus is on customer-first-attitude, ethical and transparent business practices, respect for professionalism, research-based value investing and implementation of cutting-edge.

Vramath Financial Services Pvt Ltd recognize the underlying trust and confidence placed by you all, besides realizing the sensitive, matured and professional approach required to handle the resources of clients and guide them in meeting their requirements.

The company  proudly state on all our endeavors being directed towards contributing to the growth of investors and the overall market. They are one stop Shop for the Financial Products having registered Office in Chennai and administrative Office in Coimbatore and with strategically located  branches in South India.


Mr. Palaniappan Meyyappan,
Vramath Financial Services Pvt Ltd.,
5k, Fifth Floor, B-Block,
GowriChitra Gardens, 88 / 4, Arcot Road,
Vadapalani,  Chennai-600 026
Mobile: 98410 07283
044-4201 3026,044-4204 8693
Mail: palaniappan@vramath.com
Web: www.vramath.com

Phone : +91-44-42013026 , +91-44-42048693  Fax     : +91-044-42048693
Email:  grievances@vramath.com
Managing Director                                  Relationship Manager  
Name   :PL.M.Palaniappan                  Name   :           PL. Jayalakshmi          
Phone   :+91-98840 66173                     Email    :           jayalakshmi@vramath.com        
Email    :palaniappan@vramath.com      

HeadOffice Chennai: Trading Room                             
Name    :           S.Raman                                                           
Email    :           raman@vramath.com                                                     

Karaikudi Branch:                                             Trading Room           
Name    :           Syed Ali Abdul - Branch Manager  Name            :           Meyyar
Email    :           syed@vramath.com                                                      

Coimbatore Branch:                             Bangalore Branch:      
Name    : P. Ram - Branch Manager        Name   :P. Shiva - Branch Manager       
Email    : ram@vramath.com                  Email   : shiva@vramath.com    

Ramalingam Holistic Investment interview in SUN TV on " Mutual Fund Investments"

Sun TV has done an interview with Mr. Ramalingam, Holistic Investment Planners
on “Investing in Mutual Funds”. This is a 7th part of the Mutual Fund Series.

You will get the following questions answered:

Can I surrender my loss making Ulip and what are the factors to be considered?
Mr. Ramalingam, Holistic Investment Planners

Doing a live portfolio review……? Which tax saving fund to invest…?

Diversified funds vs Sectoral funds vs Thematic Funds?

What is the additional factor to be considered before choosing MF ELSS?

Please click the link to watch the show.

Mr. Ramalingam K, MBA, CFP,
Director-Holistic Investment Planners
Phone: 044 - 4203 0722
Web Site: www.holisticinvestment.in
Email: ramalingam@holisticinvestment.in


HIGHLIGHTS OF RAILWAY BUDGET 2013-14: Frequency of 24 Trains Increased..!

The Minister of Railways Mr. Pawan Kumar Bansal has announced increase in frequency of 24 trains while presenting the Railway Budget 2013-14 in Parliament yesterday.  These trains are:-

1.        12547 / 12548 Agra Fort -Ahmedabad Express 3 to 7 days

2.        11453 / 11454 Ahrnedabad-Nagpur Express 2 to 3 days

3.        22615 / 22616 Coimbatore-Tirupati Express 3 to 4 days

4.        14037 / 14038 Delhi-Pathankot Express 3 to 6 days

5.        19409 / 19410 Gorakhpur - Ahmedabad Express 1 to 2 days

6.        13465 / 13466 Howrah - Malda Town Express 6 to 7 days

7.        12159 / 12160 Jabalpur - Amravati Express 3 to 7 days

8.        11103 / 11104 Jhansi - Bandra (T) Express 1 to 2 days

9.        19325 / 19326 Indore - Amritsar Express 1 to 2 days

10.      12469 / 12470 Kanpur - Jammu Tawi Express 1 to 2 days

11.      12217 / 12218 Kochuveli - Chandigarh Express 1 to 2 days

12.      12687 / 12688 Madurai - Dehradun/Chandigarh Express 1 to 2 days

13.      13409 / 13410 Malda Town - Jamalpur Express 6 to 7 days

14.       17213 / 17214 Narsapur - Nagersol (Near Sainagar Shirdi) Express 2 to 7

15.      12877/12878 Ranchi-New Delhi Garib Rath Express 2 to 3 days

16.       18509/18510 Visakhapatnam - Hazoor Saheb Nanded Express 2 to 3

17.       22819/22820 Visakhapatnam - Lokmanya Tilak (T) Express 2 to 7 days

18.      18309/18310 Sambalpur-Hazoor Saheb Nanded Express 2 to 3 days

19.      12751/12752 Secunderabad - Manuguru Express 3 to 7 days

20.       12629/12630 Yesvantpur - Hazrat Nizamuddun Sampark Kranti Express
            2 to 4 days

21.       56221/56222/56525/56526 Bangalore - Tumkur Passenger 6 to 7 days

22.      56321 Kanniyakumari-Tirunelveli Passenger 6 to 7 days

23.      56325 Nagercoil - Kanniyakumari Passenger 6 to 7 days

24.      56312 Tirunelveli - Nagercoil Passenger 6 to 7 days

Difference Between Gross Lease and Net Lease..!

Gross Lease..!

A type of commercial lease where the landlord pays for the building's property taxes, insurance &  maintenance. 

A gross lease can be modified in a number of ways to best meet the needs of a particular building's tenants (for example, a gross lease may or may not require the tenant to pay utility bills).

Investopedia explains Gross Lease..!

The opposite of a gross lease is a net lease. 

Net lease..!

Under a net lease, the tenant is responsible for some of the additional costs associated with the property. There are 3 types of net leases: single net, double net and triple net.

Under a single net lease, the tenant pays rent plus property taxes. 

Under a double net lease, the tenant pays rent plus property taxes and insurance. 
Under a triple net lease, the tenant pays for rent plus property taxes, insurance and maintenance.

ECONOMIC TIMES PRESENTS ACETECH 2013: 0n Chennai at November 22 to 24, 2013

The ECONOMIC TIMES Presents ACETECH 2013, is solely dedicated to the fast growing and the very popular construction industry. The Indian construction industry has a major influence on our nation‘s economy.

The construction industry is amongst one of the fastest growing sectors in India and comes with a promising future. As the national economy grows a social and financial demand for infrastructural update increases.

A strategic study of this growth shows us the evident signs of multiplying opportunities due to increase in demand. THE ECONOMIC TIMES PRESENTS ACETECH 2013 is the perfect platform to showcase your products, services, equipments and new technologies.

THE ECONOMIC TIMES PRESENTS ACETECH 2013 caters to a worldwide mass audience who demand for new technologies and updates in the field of construction

Mumbai : Bombay Exhibition Centre – 17,18,19 and 20 - October 2013

 Chennai : Chennai Trade Centre – 22, 23 and24 -  November 2013

 Delhi : Pragati Maidan – 05,06,07,08 -  December 2013

530, Laxmi plaza, laxmi industrial Estate, New Link Road,
Andheri West,Mumbai – 400053.INDIA
Tel : +91-22-6681 4900
Email :sales@etacetech.com, sales@acetechexpo.com, info@etacetech

For details - www.etacetech.com


Housing Prices Rise by Up to 9.6% in 18 Major Cities..!

Housing prices have risen in 18 major cities, including Delhi & Mumbai, by up to 9.6% during October to  December period 2012 compared with the previous quarter, according to National Housing Bank (NHB).

Mumbai and Delhi witnessed the maximum increase in housing price at 9.6% each.

Out of 20 cities tracked by NHB 'RESIDEX', prices have dropped in only 2 cities - Faridabad & Indore.

NHB said in a statement,  "In majority of the cities prices are witnessing upward trend"

"The movement in prices of residential properties has shown increasing trend in 18 cities ranging from 0.6% in Chennai to 9.6% in Delhi and Mumbai, and fall in only two cities namely Indore (minus 1.0%) and Faridabad ( minus 5.1%) during the quarter October to December 2012 in comparison to the previous quarter July to September 2012," it added.

Prices have shot up by 9.4% each in Kolkata & Patna, followed by Kochi (8.8%), Surat (8.7%), Bengaluru (8.2%) and Lucknow (8%).

Hyderabad city saw an appreciation in housing price by 7.1%, while in Ludhiana rates rose by 6.5%, Ahmedabad (6.1%), Guwahati (5.1%), Bhopal (4.9%), Bhubaneshwar and Jaipur (2.4% each), Vijayawada (2.2%), Pune (2%) and Chennai (0.6%).

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis since 2007. The index for Delhi includes property transactions of Gurgaon, Noida, Greater Noida & Ghaziabad. 


 ** 67 new Express trains to be introduced.
** 26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced.

**     Run of 57 trains to be extended.
**  Frequency of 24 trains to be increased.

Metropolitan Projects / Sub-urban Services..!

    ^^ Introduction of first AC EMU rake on Mumbai suburban network in 2013-14.
^^  Introduction of 72 additional services in Mumbai and 18 in Kolkata.

^^     Rake length increased from 9 cars to 12 cars for 80 services in Kolkata and 30 services in Chennai.

Tariff Proposals..!

    ^^  Proposal for setting up of Railway Tariff Regulatory Authority formulated and at inter-ministerial consultation stage.
^^  Fuel Adjustment Component (FAC) linked revision for freight tariff to be implemented from 1st April 2013.

    ^^ Supplementary charges for super fast trains, reservation fee, clerkage charge, cancellation charge and tatkal charge marginally increased.

^^     Enhanced reservation fee abolished.


RAILWAY BUDGET 2013 -14: Training and Recruitment..!

** 1.52 lakh vacancies being filled up this year out of which 47,000 vacancies have been earmarked for weaker sections and physically challenged.

**     Imparting skills to the youth in railway related trades in 25 locations.
**  Setting up of a multi-disciplinary training institute at Nagpur for training in rail related electronics technologies.
**   Setting up of a centralized training institute at Secunderabad – Indian
**  Railways Institute of Financial Management (IRIFM).
**  Five fellowships in national universities to be instituted to motivate students to study and undertake research on IR related issues at M.Phil and Ph.D. levels.
**   Setting up of a chair at TERI promoting railway related research to reduce carbon footprint.


   * * 8 Railway Teams won 9 National Championships in 2012.
** Railway Sports Promotion Board awarded the ‘Rashtriya Khel Protsahan Puraskar – 2012’.

HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Concessions..!

** Complimentary card passes to recipients of Rajiv Gandhi Khel Ratna & Dhyan Chand Awards to be valid for travel by 1st Class/2nd AC.

**    Complimentary card passes to Olympic Medalists and Dronacharya Awardees for travel in Rajdhani/ Shatabadi Trains.
** Travel by Duronto Trains permitted on all card passes issued to sportpersons having facility of travel by Rajdhani/Shatabadi Trains.
**  Facility of complimentary card passes valid in 1st class / 2nd AC extended to parents of posthumous unmarried awardees of Mahavir Chakra, Vir Chakra, Kirti Chakra, Shaurya Chakra,
President’s Police Medal for Gallantry and Police Medal for Gallantry.

**     Police Gallantry awardees to be granted one complimentary pass every year for travel along with one companion in 2nd AC in Rajdhani/Shatabadi Trains.
**  Passes for freedom fighters to be renewed once in three years.


HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Fiscal Discipline..!

 ** No supplementary Demands for Grants introduced in Monsoon Session or Winter Session of Parliament;
 ** Loan of  Rs. 3,000 cr repaid fully;
** 347 projects prioritized with assured funding;

 ** Operationally important projects and also last mile projects to receive liberal funding
** A new fund – Debt Service Fund – set up to meet committed liabilities;
** Stringent targets for efficiencies in maintenance of rolling stock and fuel consumption;
**  Target to create fund balance of Rs. 30,000 cr in the terminal year of the 12th Plan.


HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Staff Welfare..!

**    Fund allocation for staff quarters enhanced to Rs 300 cr.
**   Provision of hostel facilities for single women railway employees at all divisional headquarters.
**   Extending treatment facility in case of medical emergency to RELHS beneficiaries to all cities in hospitals empanelled with CGHS and Railways.
**  Condition of barracks to be improved for RPF personnel.
**  Provision of water closets and air conditioners in the locomotive cabs to avoid stress being faced by loco pilots.

HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Budget Estimates 2013-14

 ^^      Freight loading of 1047 MT, 40 MT more than 2012-13.

^^     Passenger growth - 5.2%.
^^   Gross Traffic Receipts - Rs.1,43,742 cr i.e. an increase of Rs. 18,062 cr over RE, 2012-13.
    Ordinary Working Expenses - Rs. 96,500 cr.

^^     Appropriation to DRF at Rs. 7,500 cr and to Pension Fund at Rs.22,000 cr.
^^  Dividend payment estimated at Rs. 6,249 cr.
^^ Operating Ratio to be 87.8%.
^^  Fund Balances to exceed Rs.12,000 cr.


HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Annual Plan 2013-14..!

**     Highest ever plan outlay of Rs. 63 363 cr.

  **   Gross Budgetary Support - Rs. 26,000 cr
** Railway Safety Fund - Rs. 2,000 cr
** Internal Resources - Rs.  14,260 cr.
**   EBR - Market Borrowing - Rs. 15,103 cr;
**   EBR - PPP - Rs.  6,000 cr.
** 500 km new lines, 750 km doubling, 450 km gauge conversion targeted in 2013-14.

HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : IT Initiatives..!

  ^^   ‘Aadhar’ to be used for various passenger and staff related services.
^^  Internet ticketing from 00.30 hours to 23.30 hours.
^^  e-ticketing through mobile phones.
^^ Project of SMS alerts to passengers providing updates on reservation status. 

 ^^  Covering larger number of trains under Real Time Information System.
^^Next-Gen e-ticketing system to be rolled out capable of handling 7200 tickets per minute against 2, 000 now and 1.20 lakh users simultaneously against 40,000 now.


HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Financial Performance 2012-13

# #    Loading target revised to 1007 MT against 1025 MT in BE.

# #     Gross Traffic Receipts fixed at Rs.1,25,680 cr in RE, short by Rs. 6,872 cr over Budget Estimates.

# #      Ordinary Working Expenses retained at BE level of `84,400 cr; pension payments increased by Rs.  1,500 cr to Rs. 20,000 cr.
# # Dividend liability to government to be fully discharged.
# # ‘Excess’ of Rs.10,409 cr as against the budget amount of Rs. 15,557 cr.
    Loan of Rs. 3,000 cr taken in 2011-12 fully repaid along with interest.
# # Operating Ratio of 88.8% as compared to 94.9% in 2011-12.

HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Rail Based Industries..!

New factories / workshops to be set up:

     A new Forged Wheel Factory at Rae Bareli in collaboration with Rashtriya Ispat Nigam Limited.
A Greenfield Mainline Electrical Multiple Units (MEMU) manufacturing facility at Bhilwara (Rajasthan) in collaboration with State Government and BHEL.

    A Coach Manufacturing Unit in Sonepat District (Haryana) in collaboration with State Government.

     A Midlife Rehabilitation Workshop at Kurnool (Andhra Pradesh) in collaboration with the State Government.

    Bikaner and Pratapgarh workshops to undertake POH of BG wagons.

    A workshop for repair and rehabilitation of motorized bogies at Misrod (Madhya Pradesh).

    A new wagon maintenance workshop in Kalahandi (Odisha).

     A modern signaling equipment facility at Chandigarh through PPP route.

Green Initiatives..!

    * Setting up of Railway Energy Management Company (REMC) to harness potential of solar and wind energy.
*Setting up of 75 MW capacity windmill plants and energizing 1000 level crossings with solar power.

*  Deployment of new generation energy efficient electric locomotives and EMUs.
*  More usage of agro-based and recycled paper and ban use of plastic in catering.


HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14: Passenger / Rail Users’ Amenities..!

     * Identification of 104 important stations for immediate attention to all aspects related to cleanliness.
* Progressive extension of bio-toilets on trains.

*   Provision of concrete aprons on platforms with mechanized cleaning Facilities.
*  Extension of On Board Housekeeping Scheme and Clean Train Stations to more stations and trains.
*     Extension of Unreserved Ticketing System (UTS), Automatic Ticket vending Machines (ATVMs), Coin-operated Ticket Vending Machines (CO-TVMs) and schme of Jan-Sadharan Ticket Booking Sevaks (JTBSs).

*     Setting up of 6 more Rail Neer bottling plants at Vijayawada, Nagpur,Lalitpur, Bilaspur, Jaipur and Ahmedabad.
* Pilot project on select trains to facilitate passengers to contact on board staff through SMS/phone call/e-mail for coach cleanliness and real time feedback.

*    8 to 10 more mechanized laundries for quality washing of linen.
*  Provision of announcement facility and electronic display boards in trains.
*   Providing free Wi-Fi facilities on several trains.
*   Upgrading another 60 stations as Adarsh Stations in addition to 980 already selected.
*   Associate voluntary organizations for providing first aid services at railway stations.
*   Introduction of an ‘Anubhuti’ coach in select trains to provide excellent ambience and latest facilities and services.

*    179 escalators and 400 lifts at A-1 and other major stations to be installed facilitating elderly and differently abled.

*     Affixing Braille stickers with layout of coaches including toilets, provision of wheel chairs and battery operated vehicles at more stations and making coaches wheel-chair friendly.

*     Some JTBS to be reserved for disabled people.
*   Curbing malpractices in reserved tickets including tatkal scheme.
*   Third party audit and tie up with food testing laboratories for food quality control; ISO certified state-of-the-art base kitchens to be set up in railway premises.

*     Centralized Catering Services Monitoring Cell set up with a toll free number (1800 111 321)

HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Rail Tourism..!

^^    Launching multi-modal travel package in cooperation with Jammu & Kashmir state government.
^^   Issuing ‘Yatra Parchis’ to pilgrims travelling by rail to Mata Vaishno Devi Shrine at the time of railway ticket booking.

^^    Introduction of an educational tourist train with concessional fares -‘Azadi Express’ – to connect places associated with freedom movement.
^^  Introduction of executive lounge at 7 more stations, namely, Bilaspur, Visakhapatnam, Patna, Nagpur, Agra, Jaipur and Bengaluru.

HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14 : Some Achievements and Initiatives..

1. Safety; 2. Consolidation; 3. Passenger Amenities; 4. Fiscal Discipline.

Some Achievements / Initiatives

   * Indian Railway enters the one billion (100 Crore) tonne Select Club joining Chinese, Russian and US Railways;
*  Indian Railway also joins Select Club running freight trains of more than 10000 tonne load;
    ‘Fuel Adjustment Component’ concept to be implemented linking tariffs with movement of fuel prices;

*  Target of Rs 1000 crore each fixed for Rail Land Development Authority and IR Station Development Corporation to be raised through PPP in 2013-14;

    New fund – Debt Service Fund – to be set up to meet committed liabilities of debt servicing for WB and JICA loans for DFC and other future liabilities. 

HIGHLIGHTS OF THE RAILWAY BUDGET - 2013-14: Measures for improving Safety and Security..!

    * Making a Corporate Safety Plan for a ten year period (2014-2024).
    * Elimination of 10797 level crossings during the 12th Plan and no addition of new LCs to the IR system henceforth.
* Introduction of Train Protection Warning System on Automatic Signalling Systems.

 *  Rigorous trials of the indigenously developed Train Collision Avoidance System.

 *  Using 60 kg rails, 260 meter long welded rail panels and improved flash butt welding technology.

*    Introduction of 160 / 200 kmph Self Propelled Accident Relief Trains.
*   Induction of crash worthy LHB coaches with anti-climb feature.

*    Rehabilitation of identified 17 distressed bridges over next one year.

*    Provision of comprehensive fire and smoke detection systems.

*    Provision of portable fire extinguishers in Guard-cum-Brake Vans, AC Coaches and Pantry Cars in all trains.

*    Use of fire retardant furnishing materials in coaches.

*    Measures initiated to deal with elephant related accidents.
    Four companies of women RPF personnel set up and another 8 to be set up to strengthen the security of rail passengers, especially women passengers.

*    Recruitment to RPF with 10% vacancies reserved for women.


HIGHLIGHTS OF RAILWAY BUDGET 2013-14: Electrification..!


1.       Delhi Sarai Rohilla - Rewari - Palanpur - Ahmedabad including Kalol-Gandhinagar-Khodiyar and Alwar-Bandikui-Jaipur-Phulera

2.      Jakhal-Hisar

3.      Jakhal-Dhuri-Ludhiana

4.      Rajpura-Dhuri-Lehra Mohabhat

5.      Singapur Road-Damanjodi

In addition, the Minister has also proposed to take up   22 projects of new lines and one gauge conversion project on socio-economic consideration and one doubling project after obtaining necessary approvals/clearances. These are:

New Lines

1.       Ajmer-Kota (Nasirabad-Jalindri)

2.       Anandnagar-Ghugli via Maharajganj

3.       Barwadih-Chirmiri

4.       Chickballapur-Gowribidanur.

5.       Chickballapur-Puttapurthy-Sri Satya Sai Nilayam

6.       Chola-Bulandshahar

7.       Cumbum-Proddatur

8.       Delhi-Sohna-Nuh-Firozpur Jhirka-Alwar

9.       Dimapur - Tizit

10.     Faizabad-Lalganj via Akbarganj, Maharajganj and Rae Bareli

11.     Firozpur-Patti

12.     Gadag-Wadi

13.     Hissar-Sirsa via Agroha & Fatehabad

14.     Kapilvastu-Basti via Bansi

15.     Kondapalli-Kothagudem

16.     Manuguru-Ramagundam

17.     Pirpainti-jasidih

18.     Pushkar-Merta

19.     Raipur-Jharsuguda

20.     Srinivasapura-Madanapalli

21.     Sriperambudur-Guduvanchery with spur to Irun, Kartukotti-         Avadi.

22.     Yamuna Nagar-Chandigarh via Sadhaura, Narayangarh
 Gauge Conversion..!


   New Bongaigaon to Kamakhya via Rangia


Employees Provident Fund Organisation: Pay Higher Interest of 8.5 % for 2012-13..!

Retirement fund body EPFO (Employees Provident Fund Organisation) recently decided to pay 8.5% interest rate to its more than  5 crore subscribers on their PF deposits for 2012-13, higher than 8.25% provided in the previous fiscal - 2012-13.

The decision was taken at the meeting of the Central Board of Trustees (CBT) chaired by Labour Minister Mr. Mallikarjun Kharge. CBT is the highest decision making body of the Employees' Provident Fund Organisation (EPFO).

After the CBT meeting, Mr. D. L. Sachdev, Secretary, All India Trade Union Congress (AITUC), said,  "A decision has been taken to pay 8.5 % interest on PF deposits … but we have expressed our reservations as we wanted higher interest rate"

Earlier, a note prepared by EPFO for consideration of the February 15, 2013 meeting of the Finance and Investment Committee (FIC) had said, "… 8.5% rate of interest for the year 2012-13 is feasible."

According to the EPFO's estimates, payment of 8.6% interest rate would result in a deficit of Rs. 240.49 crore whereas 8.5% interest rate on PF deposits for current fiscal would leave a surplus of Rs. 4.13 crore. At 8.25%, the fund would have had a surplus of Rs. 615 crore.

In FIC meeting held on February 15, 2013 union leaders refused to discuss the issue regarding payment of interest in the current fiscal -  2012-13 because the agenda note for the issue was not provided well in advance to them, sources said adding that the note was tabled during the meeting.

They had said the EPFO's estimates would now be directly tabled before CBT meeting held today, for final approval. The notification on interest rate is issued by the government after concurrence with the Finance Ministry.

Usually, EPFO announces interest rate at the beginning of the year, but there has been a delay this time. Trade unions have been pressing for an early meeting of the CBT to decide on the interest rate for the current fiscal - 2012-13.

EPFO had paid 8.25% interest to its subscribers for 2011-12, lower than the 9.5% disbursed in 2010-11.

Permanent PF Account Number..!

The CBT has also proposed that a permanent PF account number be issued to all members which will enable members to not seek a new number on change of jobs. An action plan has been formulated to create a central database, it said after the meeting.



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