Masala Today

UTI Mutual Fund has entered into an arrangement with Srei Sahaj for distribution of its micro-pension products across the States of Assam, Bihar, Orissa, Tamil Nadu, Uttar Pradesh and West Bengal. Under the initiative, investors would have to contribute a minimum of Rs 200 a month towards UTI-Retirement Benefit Pension Fund so as to enable them to receive pension in the form of periodical income after they attain the age of 58, according to Mr Jaideep Bhattacharya, Group President and Chief Marketing Officer, UTI.

Neeraj Chandra State Head - SREI SAHAJ In an attempt to ensure adequate availability and percolation of its schemes among the rural population, the Uttar Pradesh government has decided to expand the ambit of its e-governance services, from the current tally of 26 running in eight departments in the next five years. The services are being delivered through Internet-enabled common service centres set up at the village level in all the districts of the state. The services would include filing of commercial tax (VAT returns) and women literacy programmes from this month. A pilot project of this scheme is already being carried out in three districts of UP namely Maharajganj, Mirzapur and Sonbhadra and is targeting to make 10,000 women literate by March. Besides, common service centres would also be able to generate voter ID cards from February. The state government is working in collaboration with three companies to bridge the digital gap between urban and rural India. These ar

Sanjay Kumar Panigrahi CEO of Srei Sahaj e-Village Limited Information technology may conjure up images of online shopping, couriers and several other facilities in the minds of the urban populace. But for rural communities it implies a great saving of time and wearying travel for simple services, like getting train tickets or any kind of  certificate, pointed out Sanjay Kumar Panigrahi CEO of Srei Sahaj e-Village Limited, while emphasisng the need for the state to take IT to its villages. "From data collection to skill development; and from citizen-centric service to education-IT means empowerment for rural masses. And so, its requirement can't be overlooked in rural UP," he said. Srei Sahaj e-Village has made an effort to bridge this IT deficit in rural India by establishing nearly 28,000 common service centres (CSCs) in UP, Assam, Bihar, Odisha, Tamil Nadu, and West Bengal under the central governemnt's National e-governance Plan, of which 6,000 are in

Cricket’s beauty is manifested in its manifold uncertainties ; you never know what can happen till the last bowl is delivered. But, it is quite strange and surprising that a team of eleven players return to pavilion after scoring only 2 runs. This happened during the Under 19 Inter-District tournament in Manasa. Though it was not a first class match, yet it holds importance as it comes under the BCCI’s scanner since it was held under the aegis of Punjab Cricket Association (PCA). The magic spell by Manasa’s left-arm spinner Mandeep Singh jeopardized the Firozpur team as the entire squad departed after scoring only 2 runs. Mandeep recorded his name in the book after he bagged double hat-trick in the game. He took 14 wickets in the match. Earlier, Manasa scored 153 runs. In response, Firozpur team could manage to score only 2 runs in their first innings. Nearly two centuries back during the 1810 English cricket season, William Ward had made his debut in first-clas

Facebook Inc's $16 billion initial public offering has made 28-year-old Mark Zuckerberg the 29th richest person on Earth. Facebook, the world's most popular social networking company, sold 421.2 million shares for $38 each. At that price, the 503.6 million shares and options Zuckerberg owns are valued at $19.1 billion, making him wealthier than Google Inc co- founders Sergey Brin and Larry Page, according to the Bloomberg Billionaires Index. "Zuckerberg doesn't think about his wealth," David Kirkpatrick, author of "The Facebook Effect," a history of the company, said in an interview on May 17. "This is a huge success for everybody. There's no way it can be seen otherwise." Facebook's chief executive officer started the Menlo Park, California-based company for Harvard University classmates as a 19-year-old in his dorm room. It now has more than 900 million monthly users and generated $3.7 billion in revenue in 2011.

UTI Mutual Fund (UTI MF) entered into an arrangement with Srei Sahaj e-Village to provide village level entrepreneurs as well as other similar category of eligible investors associated with the latter an investment opportunity through a micro-pension initiative under UTI-Retirement Benefit Pension Fund. The micro-pension initiative facilitated by UTI MF and Srei Sahaj aims to provide social security cover to the investors associated with Srei Sahaj during their old age. Under the initiative, the investors will contribute a minimum amount of Rs 200 every month towards UTI-Retirement Benefit Pension Fund which will enable them to receive pension in the form of periodical income when they become 58 years old. As of now, Srei Sahaj is spread across six states viz. Assam, Bihar, Orissa, Tamil Nadu, Uttar Pradesh and West Bengal. Disclosing this to mediapersons at a meeting held in Kolkata, UTI Asset Management Co. group president and chief marketing officer Jaideep