Finance Ministry may allow 5 pvt funds to manage pensions of govt staff

Serbian finance minister cedes economy brief, averts risk of snap poll

The other five players are HDFC Pension Management Company Ltd, ICICI Prudential Pension Funds Management Company Ltd, Kotak Mahindra Pension Fund Ltd, Reliance Capital Pension Fund Ltd and DSP BlackRock Pension Fund Managers Pvt Ltd. The National Pension Scheme (NPS), which was introduced by the Central Government in January 2004 for its new entrants and subsequently extended to the private sector in May 2009, has accumulated a corpus of Rs 33,000 crore (as of March 2013) contributed by 50 lakhs subscribers. Last fiscal, the pension scheme for other than government employee with investment focus on corporate debt generated return of 14.19 per cent while investment in government debt earned 13.52 per cent. Besides, Swavlamban scheme generated a return of 13.40 per cent.

Finance Minister P Chidambaram. (IE Photo)

And, thoughinternships with large financial firms help to expose students to the field as well as enhance resumes, an internship with a firm that focuses on impact investment can be equally advantageous. The four of us are thrilled to be working for RSF Social Finance , a San Francisco-based impact investment firm that offers a different, and for us a more personally satisfying, experience. At the AshokaU Exchange in February 2013, we met Ted Levinson, Director of Lending atRSF Social Finance, and convinced him to give us the opportunity to gain experience in this innovative field. Impressed by our enthusiasm and commitment, he put us in touch with a nonprofit that benefited from impact investments: DC Central Kitchen. DC Central Kitchen is a Washington, D.C.-based nonprofit that provides culinary training to at-risk individuals using local recycled food in order to provide healthy school lunches for grade school students.

Serb Leaders to Discuss If Finance Chief Stays in Cabinet

Dacic, his deputy Aleksandar Vucic, and Finance and Economy Minister Mladjan Dinkic will meet at 5 p.m. today in Belgrade, the governments press office said. They will discuss personnel changes and a change in the approach to finance and economic policy making, Tanjug newswire cited Dacic as saying. Dacics Socialist party agreed July 26 to make changes.

How Finance Fueled Students’ And Nonprofit’s Future

Credit: Reuters/Marko Djurica BELGRADE | Sun Jul 28, 2013 11:36am EDT BELGRADE (Reuters) – Serbian Finance Minister Mladjan Dinkic agreed on Sunday to cede his economy portfolio, averting possible snap elections that could have dented the country’s ambitions to join the European Union. Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia’s biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. Financial markets seem likely to welcome Dinkic’s continued presence in government.

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