Bringing better higher education with skill development at its helm the government of Uttar Pradesh has it all in its new education policy. As global giants scout for talent within the state while making a beeline to invest in electronic manufacturing, Dinesh Sharma, deputy chief minister, UP tells Manish Arora the role of education in building a better future. Excerpts:What are the achievements of your government in the last two years?We did an investors meet in Lucknow in 2018. The event saw various industry leaders pledging investments of over Rs 60,000 crores out of which about Rs 41,500 crores came from information technology and electronics segment. Today about 65% mobiles in India are manufactured in Uttar Pradesh. We are also working towards bring up an electronic manufacturing hub either in Noida or Lucknow to open sea of opportunities for the state youth and address unemployment.What is your government doing to improve education sector? We have opened 200 new schools and 60 … [Read more...] about Education a key to draw better investment in UP: Dinesh Sharma
BANGALORE: Indian Angel Network has invested an undisclosed amount in productivity app Lowdownapp Ltd, marking the firm’s first investment in the UK where it started operations this February. The app helps professionals prepare for meetings. The app helps save about an hour of preparation time by feeding users with the relevant information, such as who they are going to meet, their background, the meeting’s venue and updates on email exchanges. “It addresses a market need and we’re the first ones on the ground,” said Chief Executive David Senior. The app is currently available on the iOS platform and Senior said it would soon launch an Android version. The nation’s oldest and largest angel investor network has previously made investments in countries such as Sri Lanka, Canada, France and Hong Kong. In Sri Lanka, it has invested more than $2.5 million (about Rs 15 crore) in 10 startups, along with Google India Managing Director Rajan Anandan's … [Read more...] about Indian Angel Network invests in UK productivity app developer Lowdownapp Ltd
Your father can park the first ₹15 lakh of his retirement proceeds in the Senior Citizens Savings Scheme offered by the post office and also available at leading banks. This is a government-backed small savings scheme on which the Centre resets interest rates each quarter. For the current January to March 31 2020 quarter, the rate offered is 8.6% per annum, which is far higher than the rates on bank deposits. Investments are locked in for five years, with extension of the maturity date allowed after five years. Interest is paid out on a quarterly basis to the investor. … [Read more...] about Ask Us: On investments
New Delhi: The USD 10 billion energy-to-technology conglomerate Essar is looking to embark on a new phase of investment-led growth on the strength of a substantially lighter balance sheet arising from repayment of Rs 1.4 lakh crore loans over the last three years, the promoter Ruia family has said. Despite losing Essar Steel in insolvency proceedings, cash flows remain strong, with Rs 1,00,000 crore of revenues from existing businesses. The group has kickstarted its 50th-anniversary celebrations with an aggressive influencer outreach. In a mailer sent to Union ministers, chief ministers and top bureaucrats, the Essar Group has indicated that it is "poised to embark on a new phase of growth while driving growth in its existing portfolio." Essar did not specify what the new growth areas could be, but said it is "armed with a substantially lighter balance sheet" after it took "a conscious call of reducing its debt in response to evolving domestic and evolving economic scenario." The … [Read more...] about Essar Group signals embarking on investment-led growth plan
The retired individuals who are aged 60 years or more now have an additional investment avenue to meet their regular income needs. Pradhanmantri Vaya Vandana Yojana (PMVVY) has been launched on May 4, 2017, and will be available until one year from the launch. About the scheme The PMVVY is a pension scheme subsidised by the Government of India. The amount of investment made in the scheme is called the 'purchase price'. Depending on the pension option (monthly, quarterly, yearly), the pension begins as an arrear i.e. starts from the end of the chosen period. The scheme is for a period of ten years and based on the amount of investment, it carries fixed and assured pension (return) as mentioned in the policy document till the maturity of the scheme. Returns in PMVVY Unlike other pension plans such as Jeevan Akshay, ( an immediate annuity scheme of LIC ) the amount of pension in PMVVY is not based on age. The return in PMVVY range from 8 to 8.3 percent depending on the mode of pension … [Read more...] about Modi’s gift to senior citizens: Should one invest in the 8% assured LIC pension scheme?