March 24, 2015
https://www.facebook.com/mehtarahulc/posts/10152676053621922
WHAT NONSENSE !!!? NaMo's says --- pay Rs 50 per month for say 30 years and get Rs 1000 per month after age of 60 years for whole life !!!
.
======
.
Under Atal Pension Yojana, govt to guarantee up to Rs 5,000 cover
.
http://www.financialexpress.com/…/under-atal-pension…/52319/
.
The government will give guaranteed pension of up to Rs 5,000 a month to subscribers under the proposed Atal Pension Yojana and will also allow members of the NPS Swavalamban to migrate to the new scheme.
“There will be five guaranteed pensions and subscribers can opt to join any of these schemes. At the age of 60, when the plan matures, a person opting for the scheme will get a guaranteed return,” said Hemant Contractor, chairman of the Pension Fund Regulatory and Development Authority (PFRDA). The schemes would give a minimum monthly pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 and Rs 5,000, he added.
Contributions would vary from as little as Rs 48 a month for a Rs 1,000 pension to Rs 248 a month for a pension of Rs 5,000 per month. Individuals between the age of 20 years and 40 years of age with operational bank accounts would be eligible.
......
========================
.
This is a giant scam.
.
Why?
.
The numbers are "superficially" correct.
.
If Rs 50 is collected every month for 30 years = 360 months , and 1% per month compounded annually interest is applied then at the end of 30 years there will be about Rs 176,000/-
.
And if 1% interest is applied every month and Rs 1000 payment is given out of it every month, then payment of Rs 1000 will go on 16 years.
.
So on paper scheme is sound.
.
But payments of Rs 1000 can be given for 16 years ONLY if Govt finds investment plan which gives 1% a month interest compounded monthly !!! .
Even tripple PhD in finance would kill for 8% per year return compounded quarterly for 10 years !! And non finance PhD looks for any plan beyond 10 years !!
,.
And our beloved PM has plan which will go for 30 years , and 16 more years after that, and will give 1% interest per month componded monthly !!!
.
This is MUCH MUCH worse than ArKe cheap electricity and free water !!!
.
Solution?
.
We need law-draft that will prohibit govt from making any financial commitments for a period of more than 10 years without TCP. And in fact, TCP is sufficient to put end to such annoucements.
.
To get TCP-lade draft, pls order YOUR MP via SMS to print TCP law-draft. The SMS you can send is " Dear MP, If and after majority voters from your area send this link to you via SMS , please implement this order of mine to print the TCP-draft in Gazette as explained in http://tinyurl.com/PrintTCP "
.
https://www.facebook.com/mehtarahulc/posts/10152676053621922
WHAT NONSENSE !!!? NaMo's says --- pay Rs 50 per month for say 30 years and get Rs 1000 per month after age of 60 years for whole life !!!
.
======
.
Under Atal Pension Yojana, govt to guarantee up to Rs 5,000 cover
.
http://www.financialexpress.com/…/under-atal-pension…/52319/
.
The government will give guaranteed pension of up to Rs 5,000 a month to subscribers under the proposed Atal Pension Yojana and will also allow members of the NPS Swavalamban to migrate to the new scheme.
“There will be five guaranteed pensions and subscribers can opt to join any of these schemes. At the age of 60, when the plan matures, a person opting for the scheme will get a guaranteed return,” said Hemant Contractor, chairman of the Pension Fund Regulatory and Development Authority (PFRDA). The schemes would give a minimum monthly pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 and Rs 5,000, he added.
Contributions would vary from as little as Rs 48 a month for a Rs 1,000 pension to Rs 248 a month for a pension of Rs 5,000 per month. Individuals between the age of 20 years and 40 years of age with operational bank accounts would be eligible.
......
========================
.
This is a giant scam.
.
Why?
.
The numbers are "superficially" correct.
.
If Rs 50 is collected every month for 30 years = 360 months , and 1% per month compounded annually interest is applied then at the end of 30 years there will be about Rs 176,000/-
.
And if 1% interest is applied every month and Rs 1000 payment is given out of it every month, then payment of Rs 1000 will go on 16 years.
.
So on paper scheme is sound.
.
But payments of Rs 1000 can be given for 16 years ONLY if Govt finds investment plan which gives 1% a month interest compounded monthly !!! .
Even tripple PhD in finance would kill for 8% per year return compounded quarterly for 10 years !! And non finance PhD looks for any plan beyond 10 years !!
,.
And our beloved PM has plan which will go for 30 years , and 16 more years after that, and will give 1% interest per month componded monthly !!!
.
This is MUCH MUCH worse than ArKe cheap electricity and free water !!!
.
Solution?
.
We need law-draft that will prohibit govt from making any financial commitments for a period of more than 10 years without TCP. And in fact, TCP is sufficient to put end to such annoucements.
.
To get TCP-lade draft, pls order YOUR MP via SMS to print TCP law-draft. The SMS you can send is " Dear MP, If and after majority voters from your area send this link to you via SMS , please implement this order of mine to print the TCP-draft in Gazette as explained in http://tinyurl.com/PrintTCP "
.
No comments:
Post a Comment