Anna Hazare Team

Salute to Anna Hazare whose campus placement is 100%

Arvind Kejriwal (is a graduate of the IIT Kharagpur, and worked in the Indian Revenue Service (IRS) as a Joint Commissioner of the Income Tax Department in New Delhi)  has become State CM of Delhi

Kiran Bedi (is a retired Indian Police Service officer) has become Lieutenant Governor of Puducherry. 

V K Singh (is a retired four star general in the Indian Army.) has become a Central Minister

Government announced insurance schemes

Pradhan Mantri Suraksha Bima Yojana,Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojna

Pradhan Mantri Suraksha Bima Yojana

Highlights of the Pradhan Mantri Suraksha Bima Yojana (Pmsby – Scheme 1 – for Accidental Death Insurance) are

• Eligibility: Available to people in age group 18 to 70 years with bank account.
• Premium:  Rs 12 per annum.
• Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.
• Risk Coverage:  For accidental death and full disability – Rs 2 Lakh and for partial disability – Rs 1 Lakh.
• Eligibility: Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1st of June in order to join the scheme.  Name of nominee to be given in the form.
• Terms of Risk Coverage: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing in which case his account will be auto-debited every year by the bank.
• Who will implement this Scheme?: The scheme will be offered by all Public Sector General Insurance Companies and all other insurers who are willing to join the scheme and tie-up with banks for this purpose.
• The premium paid will be tax-free under section 80C and also the proceeds amount will get tax-exemption u/s 10(10D).But if the proceeds from insurance policy exceed Rs.1 lakh , TDS at the rate of 2% from the total proceeds if no Form 15G or Form 15H is submitted to the insurer

Pradhan Mantri Jeevan Jyoti Bima Yojana

Highlights of The Pradhan Mantri Jeevan Jyoti Bima Yojana  (PMJJBY – SCHEME 2 – FOR LIFE INSURANCE COVER)

• Eligibility: Available to people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium.
• Premium:  Rs 330 per annum.  It will be auto-debited in one installment.
• Payment Mode:  The payment of premium will be directly auto-debited by the bank from the subscribers account.
• Risk Coverage: Rs. 2 Lakh in case of death for any reason.
• Terms of Risk Coverage: A person has to opt for the scheme every year.  He can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.
• Who will implement this Scheme?: The scheme will be offered by Life Insurance Corporation and all other life insurers who are willing to join the scheme and tie-up with banks for this purpose.

Atal Pension Yojna (APY)

The scheme will be launched on June 1 2015 and focus is on the unorganised sector.  A pension provides people with a monthly income when they are no longer earning. A Subscriber receives pension based on accumulated contribution out of his current income.Under the  Atal Pension Yojna Scheme (APY), the subscribers ,under the age of 40, would receive the fixed monthly pension of  Rs. 1000 to Rs 5000 at the age of 60 years, depending on their contributions.

To make the the pension scheme more attractive,  government would co-contribute 50 per cent of a subscriber’s contribution or Rs 1,000 per annum, whichever is lower to each eligible subscriber account for a period of of 5 years from 2015-16 to 2019-20. The benefit of government’s co-contribution can be availed by those who subscribe to the scheme before December 31, 2015.  

Eligibility for APY:  Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme.

Age of joining and contribution period:   The minimum age of joining APY is 18 years and maximum age is 40 years. One needs to contribute till one attains 60 years of age.

Enrolment agencies:   All Points of Presence (Service Providers) and Aggregators under Swavalamban Scheme would enrol subscribers through setup  of National Pension System.  

The Table of contribution levels, fixed monthly pension to subscribers and his spouse and return of corpus to nominees of subscribers and the contribution period is given below.

• if person joined Atal Pension Yojna at 35 years, he will contribute till age of 60 years ie 25 years.
  • If he wants monthly pension of Rs 1000 he would contribute Rs 181 a month. On his death his wife would get Rs 1000 per month and after her death the nominees will get 1.7 lakh.
  • If he wants monthly pension of Rs 3000 he would contribute Rs 543 a month. On his death his wife would get Rs 3000 per month and after her death the nominees will get 5.1 lakh.
• If he joins at the age of 18 years to get a fixed monthly pension of Rs. 1,000 per month, the subscriber has to contribute on monthly basis Rs. 42 for Rs 5000 pension he has to contribute Rs. 210.
• if he joins at the age of 40 years to get a fixed monthly pension of Rs. 1,000 per month, the subscriber has to contribute on monthly basis Rs. 291 and for Rs 5000 pension he has to contribute Rs. 1,454

Age of Joining	Years of Contribution	Indicative Monthly Contribution for Monthly Pension of Rs 1000 and Corpus of Rs 1.7 Lakh(in Rs.)	Indicative Monthly Contribution for Monthly Pension of Rs 2000and Corpus of  Rs 3.4 Lakh(in Rs.)	Indicative Monthly Contribution for Monthly Pension of Rs 3000 and and Corpus of Rs 5.1 Lakh(in Rs.)	Indicative Monthly Contribution for Monthly Pension of Rs 4000 and Corpus of Rs 6.8 Lakh(in Rs.)	Indicative Monthly Contribution for Monthly Pension of Rs 5000 and Corpus of  Rs 8.5 Lakh(in Rs.)
18	42	42	84	126	168	210
20	40	50	100	150	198	248
25	35	76	151	226	301	376
30	30	116	231	347	462	577
35	25	181	362	543	722	902
40	20	291	582	873	1164	1,454

Atal Pension Yojana (APY) and Swavalamban Yojana NPS Lite

Atal Pension Yojana (APY), will replace the previous government’s Swavalamban Yojana NPS Lite, which did not find much acceptance among people. The existing subscribers of Swavalamban Scheme would be automatically migrated to APY, unless they opt out. It is Government of India Scheme, which is administered by the Pension Fund Regulatory and Development Authority. The Institutional Architecture of NPS would be utilised to enrol subscribers under APY.

Our article National Pension Scheme covers NPS in detail including details of Swavalamban Yojana NPS Lite . Quoting from it .

Swavalamban scheme or the NPS Lite :is the extension of the variant available to the government employees. The government contributes Rs 1,000 per year to the pension account in NPS Lite, making pension possible for the economically-disadvantaged. Under the scheme, Govt. will contribute Rs.1000 per year to each NPS account opened in the year 2010-11 and for the next three years, that is, 2011-12, 2012-13 and 2013-14. As a special case and in recognition of their faith in the NPS, all NPS accounts opened in 2009-10 will be entitled to the benefit of Government contribution if they fulfil the eligibility criteria prescribed under these guidelines.

MUDRA Bank (Micro Units Development Refinance Agency)

Micro Units Development Refinance Agency Ltd Bank

Prime Minister to Launch Mudra Bank Today at a function at Vigyan Bhavan in the national capital.; 5.77 Crore Small Business Units to be Provided Access to Institutional Finance 

In his Budget Speech for Financial Year (FY) 2015-16, Union Finance Minister Arun Jaitley had proposed the creation of the bank, with a corpus of Rs. 20,000 crore, and credit guarantee corpus of Rs. 3,000 crore. 

Bharat Ratna Atal Bihari Vajpayee

Congratulations former Prime Minister Shri.Atal Bihari Vajpayee, who is set to receive the Bharat Ratna today (27-03-2015).
President Pranab Mukherjee & Prime Minister Narendra Modi will be confer Bharat Ratna to former Prime Minister Shri Atal Bihari Vajpayee today.

Salute and Respect - to the Grand Statesman-Poet of India...
Atal Bihari Vajpayee (born 25 December 1924) was the eleventh Prime Minister of India.

A parliamentarian for over four decades,Atal Bihari Vajpayee was elected to the Lok Sabha nine times, and twice to the Rajya Sabha. He was the Minister of External Affairs in the cabinet of Morarji Desai. 
On 25 Dec 2014 the office of President of India announced the Bharat Ratna award, India's highest civilian hon-our, to Mr Vajpayee. 
His birthday, 25 Dec, has been declared "Good Governance Day"

Pink auto service for women

Pink auto service, especially for women started in Ranchi by newly formed BJP government in Jharkhand (Ranchi)

A senior police official said, after testing so many auto  drivers in the city,Twenty women drivers were found eligible to drive .

The Pink Auto Service is expected to boost the morale of the working women.

Delhi Election Results 2015

February 10th,Delhi Election Results

Counting of votes for the high-profile Delhi Assembly polls in which BJP and AAP are locked in a direct fight will be taken up 8.00 AM Today and final results are likely to be available by 1 PM. 

Counting of votes will take place in ITI Nand Nagri, Netaji Subhash Institute of Technology, Dwarka Sector 3, Integrated Institute of Technology Dwarka, Sector-9, Veer Sawarkar Training Centre, Pusa, NP Girls Middle School, Gole Market, NP Girls Senior Secondary School, Gole Market, and Rajkiya Pratibha Vikas Vidyalaya Raj Niwas Marg.

In the last assembly elections, AAP had won 28 seats while BJP emerged as a single-largest party with 31 seats and Congress 8. 

Delhi Election Results : Winning 70/70

AAP won  67 seats

BJP won 03 seats

Kiran Bedi in Twitter

Full marks to Arvind. Congratulations. Now take Delhi to the heights it belongs to. Make it a world class city. 

Narendra Modi in Twitter

Spoke to Arvind Kejriwal & congratulated him on the win. Assured him Center's complete support in the development of Delhi.