Unlock 1 Or Lockdown 5.0

Unlock 1 Or Lockdown extension

 A Month-Long Plan, No Address By PM for lockdown five or Unlock 1, from June 1, the complete country is going to put on a one-of-a-kind appearance from June 1. The MHA pointers introduced on Saturday night time have been unprecedented. So became the system at the back of the making of it. Also Read - Lockdown 5.0: International Flights to Stay Grounded, Decision After Assessment During 'Phase-3'
<img src="un.jpg" alt="unlock1 or lockdown5"/>

1. This is the primary time that PM Modi did not deal with the nation earlier than a new SOP was announced by using the ministry of the home affairs UNLOCK 1 Guidelines.

2. This is likewise the first time that PM Modi did not communicate to the leader ministers earlier than saying the plans.

3. For the first time, the MHA has a plan for one month. So far, the ministry had released plans for best 15 days.

4. Also, this isn't a lockdown extension. For the first time, that is being called #unlock1.

5. Shopping malls, religious places, eating places are going to be opened for the First-time considering March 25.

Unlock 1.0 comprises three phases.
  • ·        In the primary segment, non secular places, hotels, eating places and other hospitality services, buying malls may be establishing from June 8. Religious places, hotels, eating places and different hospitality services, purchasing malls will be beginning from June 8.
  • ·        In phase two, faculties can open but best after consultations with the stakeholders. The decision will be taken within the month of July.
  • ·        In the third phase, metro, global travel, cinema halls, gyms, swimming pools will open but handiest primarily based on the assessment of the floor situation.

 There shall be no restriction on inter-state and intra-state movement of persons and goods, said the MHA. Check more details Here

Bad Bank indroduction in India

Actually, a Bad bank is an an Asset Reconstruction Company (ARC) .

When it is framed, banks partition its benefits into two classifications - one with non-performing assets and other risky liabilities and the other with healthy assets, which assist development of BANK. Despite the fact that This concept was framed firstly  in the US in 1988, framing an 'Bad bank' in India was at first glided in January 2017 when the Financial Review of India proposed setting up a Public Sector Asset Rehabilitation Agency (PARA).

The RBI , thought of a recommendation to frame two Agencies to tidy up the Bad credit issues in PSBs - PAMC (Private Asset Management Company) and NAMC (National Assets Management Company). It said PAMC would be shaped by roping in banks and global funding companies worldwide. This would put resources into regions where there's short-term economic viability .It said the NAMC would be framed with the administration support, which would put resources into Bad resources with momentary pressure however it will have great chances of turnaround and economic benefit.The proposed structure of a bad bank in india is based on the earlier recommendations of a panel headed by former PNB chairman Mr.Sunil Mehta, called ‘Sashakt’ two years ago.
Advantages of setting up an Bad bank
The significant advantage of shaping a Bad bank is resource monetisation. Bad resources would remain in the ' risky ' class, while the great one remains in the other classification, sparing them from combining. The genuine advantage for a bank comes when its investors are certain of its monetary well being, which encourages banks to  over the long term in raising capital, borrowing and lending to different organizations.

Difficulties in keeping up Bad bank

The procedure to frame Bad bank may appear to be straightforward, however it absolutely isn't. A financial establishment needs to remember its its choices of assets to be transferred into the risky category, business case, portfolio procedure, and the working model, says a McKinsey report, including that every one of these decisions must be had while thinking about the effect on subsidizing, capital alleviation, cost, achievability, benefits, and timing. Likewise, specialists recommend the administration support is important to help banks understand regulatory and tax-related issues.

Will  Bad bank provide a parallel mechanism with IBC?

Numerous loan specialists and money lenders are worried over immense haircuts they need to suffer after a goals through the insolvency code, and they figure the bad bank can be a superior arrangement. Bad credits in power sector division can't be settled through the IBC framework as components like the absence of coal linkages and the nonattendance of procurement power understandings make them unfit for a goals through the IBC.  The bad bank structure could assist banks to  park their money to separate agency and  discover an answer in lengthy timespan.  The ongoing IBC corrections make it complex for foreign players to participate in goals. Specialists accept a SUPPORT like AMC or ARC that could address the focus on stressed loan issue - till the bankruptcy code settles -It could be useful. Specialists additionally accept the 'Bad bank' can help address cases emerging in the land or real-estate sector.

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RBI Slashes Lending rates

RBI Slashes Lending Rate To Decade Low

India's Central bank on Friday slice its key financing cost to 4% to counter the hit to the economy from the coronavirus pandemic and a lockdown intended to contain it.
RBI Governor Shriikanta Das gauge that the economy will contract in monetary 2020-21. He didn't give a particular figure. The IMF prior estimate that India's financial development will tumble to 1.9% in this monetary year from 4.2% in 2019 and 6.1% in 2018. Some private segment market analysts anticipate that it should decrease by as much as 5%.

<img src="download.jpg" alt="reverse repo rate,repo rate,rate cut"/>
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The Reserve Bank of India had diminished the loan fee to 4.4% from 5.15% in March to ease financing burdens from the pandemic. The 4% rate reported Friday is the most reduced the benchmark rate, the premium the national bank charges on loaning to business banks, has been since March 2010.
In a strategy meeting, the RBI said it would permit banks a 6-month ban on instalments of portions on advances. Das said information point to a breakdown sought after in both the urban communities and the open country, with plunging speculation and buyer spending. "High recurrence pointers of administration division movement, for example, traveller and business vehicle deals, residential air traveller traffic and remote visitor appearances likewise experienced sizeable compressions in March,'' he said. 
India's product exchange drooped in April 2020, with sends out contracting by 60.3% and imports by 58.6%.
There was a promise of something better, in any case, in a guard winter harvest of wheat and estimates for a typical rainstorm season in June-September, RBI Governor said.
 Das' declaration followed the ongoing declaration of a 20 trillion rupee ($266 billion) financial and money related bundle to help the economy. 

A large number of laborers have fled urban communities subsequent to losing their positions as Authorities forced lockdowns to control the spread of coronavirus. The limitations are planned to last through the end of May, however some have been loose, with shops step by step reviving and assembling and cultivating continuing. Train administrations and open vehicle have been somewhat re-established, and household flights are relied upon to continue at 33% of limit on chosen routes from Monday.

  • The Reserve Bank of India (RBI) slashed the repo rate, the rate at which it lends to commercial banks, by 40 basis points to 4.0 percent, the second cut this year.
  • The impact of coronavirus is turning out to be more than expected. GDP growth is estimated to remain in negative territory in 2021.
  • RBI will continue to be vigilant and will take whatever measures are needed to be taken due to covid pandemic,
  • The RBI also lowered the reverse repo rate, the rate at which it borrows from commercial banks, by 40 basis points.
  • The bank had cut the repo rate by 75 basis points in March as fears grew over the spread of the virus in the country of 1.3 billion people

Pradhan Mantri Vaya Vandana Yojna Introduction

PRADHAN MANTRI VAYA VANDANA YOJANA का उद्देश्य सेवानिवृत्ति के बाद नागरिकों का भविष्य सुरक्षित करना है। PRADHAN MANTRI VAYA VANDANA YOJANA के तहत एक बार आपको पॉलिसी खरीदनी होगी। पॉलिसी की परिपक्वता के बाद (10 साल बाद क्रय नीति की तारीख से) एलआईसी आपको खरीद मूल्य और दस साल की समयावधि के प्रति वर्ष 8% ब्याज दर का भुगतान करेगा।

देश के वरिष्ठ नागरिक को पेंशन जैसे लाभ देने के लिए केंद्र सरकार द्वारा PRADHAN MANTRI VAYA VANDANA YOJANA शुरू की गई थी। PMVVY ,Life insurance स्कीम   के तहत LIC 10 साल के लिए 8% सालाना का सुनिश्चित रिटर्न प्रदान करती है।

 यह योजना वित्तीय वर्ष 2018-19 के बजट भाषण में शुरू की गई थी। देश के पात्र वरिष्ठ नागरिक 31 दिसंबर 2020 तक Pradhan Mantri Vaya Vandana Scheme के तहत पूंजी गत धन का निवेश कर सकते हैं।
<img src="pmvvy.jpg" alt="pradhanmantri vaya vandana yojna pmvvy"/>

खरीद की न्यूनतम राशि 1,50,000 रुपये और अधिकतम खरीद मूल्य (1500000)15 lakh रुपये है। PMVVY योजना देश के वरिष्ठ नागरिकों को वृद्धावस्था आय सुरक्षा प्रदान करती है। PRADHAN MANTRI VAYA VANDANA YOJANA में सरकार सदस्यता राशि से जुड़ी सुनिश्चित पेंशन/रिटर्न की गारंटी देती है(guarantee of assured pension/return linked to the subscription amount) LIC  PMVVY, 10 साल के लिए 8% सालाना का सुनिश्चित रिटर्न प्रदान करती है। योजना के तहत ब्याज मासिक, त्रैमासिक, छमाही और वार्षिक आधार पर प्रदान किया जाता है।

 PMVVY की अधिकतम सीमा 15 लाख रुपये प्रति सीनियर सिटीजन है।
भारतीय जीवन बीमा निगम (LIFE INSURANCE CORPORATION) इस योजना का संचालन कर रहा है।
खरीद मूल्य पर प्रतिवर्ष 8% का सुनिश्चित ब्याज।
योजना की समय अवधि 10 साल है।
पेंशन की पहली किस्त का भुगतान क्रमश वार्षिक, छमाही, त्रैमासिक या मासिक के बाद किया जाएगा जो योजना के मोड पर निर्भर करता है।
पेंशन भुगतान NEFT या आधार सक्षम भुगतान प्रणाली (AePS) के माध्यम से होगा।
योजना से कर(TAX BENEFIT) में भी राहत मिलती है।

 PMVVY के लिए पात्रता
न्यूनतम आयु सीमा 60 वर्ष है।
कोई ऊपरी आयु सीमा नहीं है।
आधार कार्ड जरूरी है।

पेंशन भुगतान
10 वर्ष की नीति अवधि के दौरान पेंशनभोगी के जीवित रहने पर, बकाया में पेंशन (प्रत्येक अवधि के अंत में चुने गए मोड के अनुसार) देय होगी।
मृत्यु लाभ
10 वर्ष की नीति अवधि के दौरान पेंशनभोगी की मृत्यु पर, खरीद मूल्य लाभार्थी को वापस कर दिया जाएगा।
परिपक्वता लाभ
पेंशनभोगी के 10 वर्ष की नीति अवधि के अंत तक जीवित रहने पर, अंतिम पेंशन किस्त के साथ खरीद मूल्य देय होगा।
3 पॉलिसी ईयर पूरा होने के बाद लोन की सुविधा मिलती है। अधिकतम ऋण जो प्रदान किया जा सकता है वह खरीद मूल्य का 75% होगा। ऋण राशि के लिए ली जाने वाली ब्याज दर आवधिक अंतराल पर निर्धारित की जाएगी|

PMMY ब्याज दर
Mode of Pension
Minimum Purchase Price
Maximum Purchase Price
Pension Interest rate (p.a)
Pension amount
Rs. 1,44,578/-
Rs. 14,45,783/-
8.3 %
Rs. 1,47,601/-
Rs. 14,76,015/-
8.13 %
Rs. 1,47,601/-
Rs. 14,90,683/-
8.50 %
Rs. 1,50,000/-
Rs. 15,00,000/-
8.00 %

PMVVY के लिए आवेदन कैसे करें

 अधिक जानकारी के लिए यहां क्लिक करें

ULIP -Basics of ULIP

Unit Linked Insurance Plan is a combination of investment and insurance that packs multiple benefits in a single investment. In simple terms, ULIP is a type of life insurance policy that provides life cover as well as helps policyholders create wealth by investing a percentage of the premium in equity assets or debt. By investing in a unit linked insurance plan, you get the desired life cover and invest for your financial goals. Earlier, the insurance market was ruled by the straightforward term and endowment plans. However, with the industry getting broad, it is providing customers with more options in the form of Ulips.
If you are new to #ULIPs and don’t know what it is, here is what you need to know.
<img src="ulip.jpg" alt="ulip insurance policy"/>

#1 USP of ULIP
As said, ULIP is quite different from your standard life insurance policy. It is a blend of insurance and investment in a single plan. Unit linked insurance plans allow you to invest in capital markets according to your risk profile, via its numerous fund options.
The advantages of ULIP include

  • Gives you a range of investment options
  • The option of systematic investment
  • It provides you with tax benefits under Section 80C
  • Acts as an insurance cover

  • All in all, it is a complete package that can help you grow your wealth.
    #2 How does it work?
    A unit linked insurance plan is designed in such a way that it works on building wealth and meeting the insurance needs. During the initial years, as you pay premiums, a large part of your premium goes towards the policy expenses. After deducting these expenses, the premium is distributed between making an investment and providing a life cover. Based on the amount you invest; you will be allocated with units in a fund of your choice. The fund can be anything from debt, equity, or a combination of both. However, you need to understand that the performance of the fund you choose depends on the underlying market condition. It may remain low for the initial years.
    #3 Tax benefits of ULIP
    Under Section 80C, the premiums on your unit linked insurance plan are eligible for tax benefits, where a deduction of up to INR 1 lac from your taxable income is permitted. On the other hand, in case if you die, the nominee you have assigned will receive the amount totally tax-free. Moreover, under Section 10 (10D), the maturity of ULIP is categorized as a payout. That means the entire amount is tax-free.
    #4 Costs involved in ULIP
    When buying ULIP, there will be certain expenses involved. They include:

  • Administration charges, which are deducted on a monthly basis
  • Premium allocation charges, which is deducted from your premium in order to meet the costs relating to distribution and marketing
  • Mortality charges, which is considered as a fee towards providing life insurance policy
  • Fund management charges, which you will have to pay for the management of your investment

  • Final Words

    ULIP is a quality insurance cum investment option if you are looking to generate wealth while being insured.


    What is IFSC Code?

    Indian Financial System Code (IFSC) is a unique 11-digit alphanumeric code assigned by the Reserve Bank of India (RBI) to help identify different bank branches. Usually, the code can be found in the cheque book that has been provided by the bank or it can also be found on the front page of the account holder's passbook. It is required when we transfer money from one bank account to another online like for NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) or RTGS (Real Time Gross Settlement).

    <img src ="sbi.jpg" alt="ifsc code sbi"/>

    Since, each bank has many branches located at different cities, districts and villages, in order to identify them, a unique code is allotted to each which is called as IFSC Code.
    The IFSC code is important because apart from helping to identify a particular bank branch, it also helps to eliminate any discrepancy during the fund transfer process and makes electronic payments easier.
    Bank IFSC Code Format

    The Indian Financial System Code is a combination of alphabets and numerals, with the first four characters representing the name of the bank. The fifth character is always a zero, and the remaining six characters are either numbers or alphabets that denote the branch code.
    When looking for the Indian Financial System Code, take a look at the top of the cheque, it will be clearly written IFSC Code: the name of the branch, followed by a zero, and the rest of the six characters. If you do not have a cheque book with you, you can search the code of any branch by visiting the official website of the bank in particular or call up their helpline. 

    Apart from that, you can also look for the IFSC Code on Reserve Bank of India's official website.