Ashok Paranjpe, Managing Partner of Mumbai-based law firm MDP & Partners is joining the board of LIC Mutual Fund Trustee Pvt. Ltd. as an Independent Director. An alumnus of the Government Law College (Mumbai) from 1982 batch, Paranjpe started his career with Wadia Ghandy & Co and since June 2011, he is managing partner of MDP & Partners. “Corporate Governance is critical now and the role of Independent Directors is very important and encompasses the internal and external factors that affect the interests of a company's stakeholders, including shareholders, customers, suppliers, government regulators and management,” said Ashok Paranjpe, while confirming the development. “In the changing paradigm, 4Ps People, Purpose, Process and Performance have become critical for corporate sustainability,” he further added. Currently, LIC of India owns 49% in LIC Mutual Fund Trustee, while LIC Housing Finance and GIC Housing Finance own 35.30% and 15.70% … [Read more...] about Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director
Revamp performance management
Indranil Halder wants to reduce his tax but won’t invest in an option that can shave off more than 20% from his tax liability. “I’m not interested in the NPS because it has a long lock-in and other complications,” the Pune-based IT professional wrote to ET Wealth last year. Indeed, the 25 year old will have to wait till 2055 before he can access the money poured into the pension scheme. Very few millennials like to think in such long terms. This is something worrying Supratim Bandyopadhyay, the newly-appointed chairman of the Pension Fund Regulatory and Development Authority (PFRDA). “A lot of people do not realise the importance of saving for retirement. They postpone the decision to save till they are in their late 40s,” he says. At the same time, awareness about the need to start early is gradually growing. “We are seeing a growing interest in the NPS among younger people. More than 62% of the investors in NPS are in the age group 26-45 … [Read more...] about Pros and cons of investing in NPS for retirement saving
Video Transcripts :Q. How are you working and managing your company during the lockdown?This is a “once in a century” kind of an event which has been harsh on everyone, be it personally or professionally. Given the extreme perspective of how quickly this has become a serious issue, I would say that from a business point of view other than the few elements where we have to physically interact with customers, we were surprised to see how well and normally we were able to run the bank. We were quickly able to adapt to running an operation which was not driven by physical interaction or travel and switch to its alternatives. I think not just us, but the whole world that has adapted to this situation. The fact that we are a reasonably high digital and tech institution, and fundamentally this high digital involvement of technology and how we work with customers has helped a lot in migrating to this new environment. Hence, overall, I’d say that other than customer … [Read more...] about Weak players will vanish during lockdown and that’s an opportunity: Rajeev Yadav, Fincare SFB
"I don't know why it is like this why do we have different eye for locals and foreigners. Maybe we feel they have something special. It looks like every decision by a foreign coach is right. In contrast we tend to be very critical of local coaches no matter what decision they take," he said. … [Read more...] about What must Babar do to better Kohli?
Why are Delhi Daredevils now known as Delhi Capitals? What was the reason behind Shikhar Dhawan’s homecoming? Is there a formula for success in IPL? Talking to Economic Times, Mustafa Ghouse, CEO of JSW Sports that now owns half of the IPL’s Delhi franchise, explains the various decisions they have taken so far. Excerpts: When did JSW decide to join the IPL? We had been thinking about it for a few years but the opportunities were very limited. The conversation with GMR (who owned Delhi Dardevils) went on for a while. It’s been, in that sense, a slow process in the overall scheme of things. But once it was clear between both the parties that they wanted to make the deal happen, things moved pretty fast. Why did you change the name of the team to Delhi Capitals? We felt that it would be a fresh start and a fresh look to everything. We just thought that there is a new management, new owners, a new collaboration and it would be nice to kind of restart in some sense. … [Read more...] about It’s important that Delhi has a big cricket team: Mustafa Ghouse, JSW Sports