Now it is Postoffice Agents Time to be united

Dear All,

Ministry of Finance, vide its Order No. 5-2/2010-NSII dated 8th July, 2010 constituted the Committee on Comprehensive Review of National Small Savings Fund chaired by Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India.

The above said Committee on Comprehensive Review of National Small Savings Fund submitted its report titled “Report of the Committee on Comprehensive Review of National Small Savings Fund – June 2011” to the Hon’ble Finance Minister on June 7, 2011.

The Committee has observed (Page 19 - Historical Background – 2.1.1) that the schemes are operated through the countrywide network of about 1.5 lakh post offices, more than 8,000 branches of the public sector banks and select private sector banks and more than 5 lakh small savings agents.

The Committee has also observed (Page 73 - 7.3. Commission payable to Small Savings Agents) that State Governments have, in the past, noted the employment generated by small savings schemes.

The Committees has recommended (Summary of recommendations - Page 11) as follows :-

Commission Payable by the Centre to Small Savings Agents

At present, the Central Government pays commission at the rate of 4 per cent to small savings agents under Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) on the P.O. recurring deposits scheme, which makes it essentially an agent driven scheme. The Committee is of the view that financial literacy programmes should promote postal savings instruments and the commission could be reduced by a minimum of 100 basis points each year to 1 per cent on PORD scheme within three years. Further, no commission may be payable on PPF and SCSS (as against commission of 1 and 0.5 per cent, respectively paid currently). A commission of 0.5% may be payable for all other schemes (viz., time deposits, MIS and NSC (as against 1 per cent paid currently)).

The Committee has put up (Page 75 - 7.3. Commission payable to Small Savings Agents) as follows :

The Committee therefore recommends that under PPF, the commission should be abolished. Under PPF, 90% of the transactions are happening through banks and for banks commission is not payable for any other scheme of theirs. The Committee feels that 4% commission under MPKBY is very high and is affecting the viability of NSSF. The Committee recognises that the RD scheme requires considerable effort on part of agents in mobilizing monthly deposits. However, 4% commission is distortionary and expensive. The committee recommends that this should be brought down to 1% in a phased manner in a period of three years with a 1% reduction every year. Under SAS, while the commission for senior citizen saving scheme is 0.5%, it is 1% on other scheme. The Committee recommends that while commission should be abolished on Senior Citizen Saving Scheme, on other schemes, it should be brought down to 0.5%.

Being into Investments Advisory and Agency business for more then 20 years now, and through past interactions with other fellows in similar business, I feel that a large no. of our fellows are also engaged in distribution of Small Savings Schemes (Post Office Schemes – NSC, MIS, SCSS 2004, RD, etc.).

The proposed changes, will adversely effect the business models of all such fellows.

Towards this, feeling internal responsibility, we have set up a blog – smallsavingsindia.blogspot.com for all concerned fellows to post their views on the proposed regulation so that some strategy can come out.

All concerned are welcome to visit smallsavingsindia.blogspot.com and post.

Thanks & Regards,

Bharat Bhushan

CII MUTUAL FUND SUMMIT 2011 - RECOGNITION FOR IFA GALAXY

Dear All,

IFA GALAXY is very happy to inform you that, at today's CII MUTUAL FUND SUMMIT being held at Mumbai, IFA GALAXY has been recognized for its initiative for the IFA Community. We thank Mr. SINOR, CEO of AMFI for having given us this honor during his speech. We congratulate each and every one of you for having made this possible.

We will keep you posted more about this Summit in the coming days.

Regards
Srinivasan S
Secretary

Lets Celebrate - We are 10,000 IFA Group Now

India Against Corruption - 'Human Chain' - Marina Beach,Chennai 1st May 2011

Thanks to all the kind hearts participated and made this great

Ramesh Bhat K
IFA Galaxy

Do Bosses know their Staff?

Thanks to Mr. Seenu of Tiruvarur for sharing this message with us.

STORY BEHIND YOUR DATE OF BIRTH

STORY BEHIND YOUR DATE OF BIRTH   If U were born on the 1st, 10th, 19th, 28th of any month U r number 1.... If U were born on the 2nd, 11th, 20th, 29th of any month then U r number 2... If U were born on the 3rd, 12th, 21st, 30th of any month then U r number 3... If U were born on the 4th, 13th, 22nd, 31st of any month then U r number 4... If U were born on the 5th, 14th, 23rd of any month then U r number 5... If U were born on the 6th,15th,24th of any month then U r number 6... If U were born on the 7th,16th,25th of any month then U r number 7... If U were born on the 8th,17th,26th of any month then U r number 8... If U were born on the 9th,18th,27th of any month then U r number 9...  Number 1   You are smart, straight talking, funny, stubborn, hardworking, honest, Jealous on competing basis, kind hearted, angry, friendly, authorities, Famous person...always want to be and regarded as first on people Position, they are often like to be independent, will never be under Others, self confident people! You are most likely to fall in love in the younger age, but will get Marry when you mature! You are likely to have problems with people who have opposite views And you are most likely to take revenge over your Enemies in a long time basis. You are a spender, but you will have a good profession in the future. If you are guy you will be very popular that everybody will have mental attraction and respect at you. You can go anywhere from the local shop to the heart of the parliament because you are positive and Well talented in numerous issues!! But in your life you will always have some people who will work hard To bring you & your name down. This is undercover!! Coz of your smart behavior you will be hated by some People too... Your family life is very cool, you will have a very nice partner & Wonderful children... You are pioneer, independent & original... Your best match is 4,6,8 good match is 3,5,7 !!!  Number 2  No matter what, you will be loved by every one coz your ruler is the Moon and every one loves the Moon. Well.. You are a person who day dream a lot, You have very low-self confidence, you need back up for every move in your life, you Are very much unpredictable. Means you do change according to time and circumstances, Kind a selfish, have a very strong sense of musical, artistic talent, verbal communication. Your attitudes are like the Moon, comes to gloom and fade away so everybody can expect Changes in you. You can be a next Mahatma Gandhi who does peace love or you can be a Hitler who wants to destroy the man kind and peace (I mean in the community and your own home). If you really have a deep thought about your own believe in God you can Feel the difference which will make you stronger! Most of the time your Words are a kind of would be happening true! So without any knowledge You can predict the situation. You will become poets, writers, any Artistic business people! You are not strong in love, so you will be there and here till you get Marry.. If U r a girl you will be a responsible woman in the whole Family. If U r a man you will involve in fights & arguments in the family or Vice-versa. Means you will sacrifice your life for the goodness sake of Your family...You are gentle , intuitive with a broad vision, a power Behind the scenes, well balanced People!!! Your best match is 2 ,5 ,9 no other people can put up with you !!!  Number 3  You are a person of hard hearted, selfish most of the times, religious, Loves to climb up in your life. You always tend to have lots of problems Within your family in the early stages but you will put up with everything.. You have the strong word power, pretty happy face.. So wherever you go always You have got what you wanted!!! And from the birth always wanted to work hard in order To achieve something.. You will not get Anything without hard work! When you reach a man/ woman age you want other younger Once to listen to you because you want younger people to respect people older than them. You do set so many examples to others. Generally you are not a cool person. It's not easy thing dealing with you. A tough player you are! But once you like someone's attitud! e then here you go, what can I say? It will be a lasting friendship. You always have respect from others. Your life seems to have lots of worries and problems but sure they won't be long.. You will always have brilliant kids!!! You love the money a bit too much so temptation will push you to endless trying and trying.. If you are a guy then it's over. Looking after your family and help friends, so you will spend a life time just being generous and kind (except 21st born men). And number 3s you will be such an example of how to be in the culture & life!!! If you are girl then you have good character and culture & hardworking attitude. You always follow. You are a freedom lover, creative, ambition focused, a person who brings beauty , hope & joy to this world!!! Your best match 6 ,9. Good match 1 ,3 ,5 !!!  Number 4  You are very stubborn too, very hard working but unlucky in important matters in life, very cool, helpful, you have rough word power.. Might put lots of people away from you, you may cause nuisance to others if you are a man, and you often understands others and their problems well. If you are a girl you are very good with studies and arts. If you are a guy you spend most of the time after girl friends (almost) at times, you will have sort of too much fun life with mates & girls. Your friends will spend your time & money and get away with their life and you will become empty handed and don't know what to do... So be careful!! You love to spend anyway!!! Your good will is you are always there to help family and friends. Tell you what you people are little gem! s, specially the girls.. You always fall in love in younger age as well. You often live with disappointments, for an example you have got a degree in some thing... but you will be unemployed.. or will do very ordinary jobs. But you will take care of your family very well...All you need to be careful of people who will take advantage of your kind heart. And beware of your relations too.. You are radical, patient, persistent, a bit old-fashioned, you live with foundation & order... Your best Match 1, 8. Good match 5 ,6 , 7 !!!  Number 5  You are very popular within the community, you can get things done by just chatting..to even enemies! You have a pretty good business mind, you are often have no-idea what is today is like, or tomorrow is like, you are a person who does anything when your head thinks "lets do this". You will be famous if you open up a business, get involve in share dealings, music etc.. Very popular with sense of humor ,you are the one your friends and families will always ask for help, and you are the one actually get money on credit and help your friends. You will have more than 1 relationship, but when u get settle down you will be a bit selfish anyway. Coz your other half will have a pretty good amount of control in you, be careful! You tend to go for other relationships! Contacts even you are married at times 'coz your popularity.. You are someone who get along with anyone coz the number 5 is the middle number.. Changes & freedom lovers you are! You are an explorer with magic on your face. You learn your life through experience and it's your best teacher!!! Your best match 1 ,2 ,9. Good match 6 ,8 !!!  Number 6  Ooopppss..you are born to enjoy.. You don't care about others. I mean you are always want to enjoy your life time, you are a person.. You will be very good in either education or work wise or business management! You are talented, kind (but with only people who you think are nice), very beautiful girls and guys, popular and more than lucky with anything in your lives. All the goodness does come with you. Your mind and body is just made perfect for love. You are lovable by any other numbers. But if you are a number 6 man, you will experience kind of looks from most girls and will involve in more than few relationships until you get married. If you are girl, most of you will get marry/engaged early. You are ! a caring person towards your family & friends . If you miss the half-way mark then you are about to suffer physically and mentally. Generally you will lead a very good inner-home happiness with nothing short of. You are a person of compassion, comfort & fairness, domestic responsibility, good judgment, and after all you can heal this world wounds to make peace for every life coz you have the great power of caring talent to make this world of love one step further... Your best match 1, 6, 9. Good match 4, 5!!!  Number 7  You have got the attraction to anyone out there, you are realistic, very confident, happy, such a talented individual with your education, music, arts, singing, and most importantly acting too. You have real problems with bad temper! If you are a girl, you are popular with the subjects listed above. You give up things for your parents. I mean you value your family status a lot, you will be in the top rank when you reach a certain age. If you are a guy you are popular with girls, you are a very talented too. Most of the number 7s face lots of problems with their marriage life. Only a very few are happy. You have everything in your life, but still always number 7s have some sort of unfullfilness, such worries all their lifetime. It's probably the Lord given you al! l sort of over the standard humans talents and you are about to suffer in family life. So you need to get ready looking for a partner rather than waiting. If you don't, then you might end-up single. So take care with this issue, ok? You are wonderful, friendly, artistic, happy person.. You are born to contribute lots to this world!!! Your best match is 2. Good matches are 1,4 !!!  Number 8  You are a very strong personality, there's no one out there will understand you. You are very good at pointing your finger at some thing and say "this is what". You are more likely to suffer from the early ages. I mean poverty. If your times are not good you might lose either of your parent and end up looking after your entire family. You often suffer all the way in life. The problems will not allow you to study further, but you will learn the life in a very practical way. You are the one who will fight for justice and may die in the war too. You are normally very reserved with handful of friends and most of the time live life lonely and always prepared to help others. Well. once you get married (which is often late) then your bad lucks will go away a bit and you! u become safe. You will face un-expected problems such as : the error, government, poisonous animals, accidents. You are some one with great discipline, persistence, courage, strength which will take you to success. You are a great part of a family team. You are a fighter! Your Best match 1 ,4, 8. Good match 5 !!!  Number 9  Hey...you guys are the incompatibles people in the world. You are so strong, physically and mentally... You are often have big-aims. You will work hard and hard to get there. Normally you suffer in the early age from family problems and generally you will have fighting life.. But when you achieve what you have done, it's always a big task you have done! You are so much respected in the community, you are a person who can make a challenge and successfully finish the matter off. You are very naughty in your younger age, often beaten up by your parents and involve in fights and you seemed to have lots of injuries in your life time. But when u grow you become calm and macho type. Love is not an easy matter for you. You are good in engineering or banking jobs coz people always trust you. Your family life is very good, but will have worries over your children. Your such qualities are humanitarian, patient, very wise & compassionate. You are born to achieve targets and serve every one all equally without any prejudice. You are totally a role model to anybody in the world for a great inspiration. Your Best match 3, 5, 6, 9. Good match 2

6 PRINCIPLES OF EARNING MONEY

 Our Thanks are due to Mr. Barathwaaj for forwarding us these 6 Principles:-

·         No point using limited life to chase unlimited money.

·         No point earning so much money you cannot live to spend it.

·         Money is not yours until you spend it.

·         When you are young, you use your health to chase your wealth; when you are old, youuse your wealth to buy back your health. Difference is that, it is too late.

·         How happy a man is, is not how much he has but how little he needs.

·         No point working so hard to provide for the people you have no time to spend with.

Side Effects of Systematic Working

This was sent by Mr. Seenu of Thiruvarur,

Friends A good one to spend some time.......

A story told by an IIM professor regarding the side effects of

systematic working: -

 

After completion of Lanka War Hanumanji was enjoying LTA with his friends. He got an email on his laptop from Accounts requesting him to clear his dues before 31st March - dues related to his tour for bring Sanjivani Booti for Laxmanji. He ignored the first mail.

 

But after 3 - 4 reminders in two days time & receiving a call on CUG

Mobile from Accounts Dept., he had to fly to Ayodhya canceling his leave.

 

He submitted:- TA, DA Bill, Bills of Sushen Vaidya, Hospital Charges

incurred for Bharatji when he met with an accident during his travel, Cost of Sanjeevani Booti for Laxmanji, Transport charges

 

(1) Where is your tour sanction report? Asked the HR & ADMIN Dept. Hanumanji got it done by requesting to concerned officials 2 or 3 times.

 

(2) Hanumanji claimed T.A. bill for air travel - but he was given only

second class sleeper charges. And all other expenses on medical,

Sanjeevani Booti, Fee of Sushen Vaidya were not reimbursed.

 

When he asked for the reasons, he was told that

 

(a) As per his designation, he is entitled for IInd class sleeper only.

(b) He can not get claim for other things as he does not have bills.

 

Then Hanuman approached Shri Rama and explained to him about the deduction on his tour expense report: Then Ramji ordered the related official to pay for Air travel & other charges as claimed by

Hanumanji. The officer came with the rule book & told Shri Ramji

"These rules are created by the grand father of Dasharathji, If you

want to overrule your forefathers I don't have any problem." Ramji

became speechless.

 

So he thought for another way to compensate Hanuman. He called

Hanumanji & gave him the claimed amount in cash, But how can Hanumanji take cash money from Ramji?

 

Hanumanji told "How can I take money from you for treating Laxmanji? Laxmanji is equally reverend to me as you are."

 

In his heart of hearts Hanumanji thought why he listened to accounts fellow, cut short his LTA, completed all the formalities & put Shriram in such an awkward position where he has to offer money to me.

 

Hanumanji continued his work with the same attachment as he used to after this incidence also.

 

Hanuman was almost a God, but for us mortals, learnt a different

lesson & that was

 

"NOT to do anything without proper sanctions: Whatever may be the urgency or importance of the job"

 

At the most Laxmanji will die - nothing more will happen.

A Mountain Tsunami !

Have You Seen a Mountain Collapsing?

 A MOUNTAIN TSUNAMI ! 

http://sorisomail.com/email/42722/ja-viram-desmoronar-uma-montanha.html

Regards

Valady V.Barathwaaj

Chennai: +91  98418-25188

MAATHAS 

Will Power

Will Power

 An old man lived alone in Minnesota. 

He wanted to spade his potato garden, but it was very hard work.

His only son, who would have helped him, was in prison. The old man wrote a letter to his son and mentioned his situation.

 Dear Son, I am feeling pretty bad because it looks like I won't be able to plant  my potato garden this year.

 I hate to miss doing the garden, because your mother always loved planting time. I'm just getting too old to  be digging up a  garden plot.If you were here, all my troubles would be over. I know you would dig the plot  for me, if you weren't in prison.

                                                               

 Love, Dad

.........

 Shortly, the old man received this telegram:

"For Heaven's sake, Dad,don't dig up the garden!! That's where I buried the GUNS!"    

At  4 a.m. The next morning,

A dozen FBI agents and local police officers showed up and dug up the entire garden without finding any guns. Confused, the old man wrote another note to his son telling him what happened, and a sked him what to do next.

  

His son's reply was: 

"Go ahead and plant your  potatoes, Dad. It's the best I could do for you from here."

********

Moral of the Story

NO MATTER WHERE YOU ARE IN THE WORLD, IF YOU HAVE DECIDED TO DO SOMETHING DEEP FROM YOUR HEART, YOU CAN DO IT.

IT IS THE THOUGHT THAT MATTERS NOT WHERE YOU ARE OR WHERE THE PERSON IS.