1. Stamps on Indo-French ties in space technology released
Chief Minister N. Rangasamy receives the set of commemorative stamps to mark the Indo-French collaboration in space technology, released by Mervin Alexander, Chief Postmaster-General, in Puducherry on Thursday. Lok Sabha member R. Radhakrishnan, Tourism Minister P. Rajavelu and French Consul-General Philippe Janvier Kamiyama are in the picture. Photo: S.S. Kumar
The Postal Department on Thursday formally launched a set of commemorative postage stamps to mark five decades of Indo-French collaboration in space technology.
The commemorative stamps feature SARAL/Altika and Megha-Tropiques satellites and were released by Prime Minister Narendra Modi and French President Francois Hollande on April 10 at Elysee Palace in Paris.
Speaking at the formal launch, French Consul-General Philippe Janvier Kamiyama said that India and France share a very vibrant relationship and this would be strengthened.
The Indian Space Research Organisation (ISRO) and the Centre National d’Etudes Spatiales have been collaborating in space technology and launching several satellites.
This cooperation would continue for a long time and is a good development.
Chief Postmaster-General Mervin Alexander said that people may not be writing letters anymore but stamps continue to play an important role in diplomacy. This is a joint release and the commemorative postage stamps were simultaneously released by India posts and La Poste in France.
The stamps have the same set of designs and have been issued in the denomination of Rs.5 and Rs.25.
These stamps have been printed by a special process called wet offset process at the India Printing Press in Hyderabad. Around 9 million stamps have been printed and they will be made available at 60 philatelic bureaux across the country including Puducherry.
The first-day cover and miniature sheets have also been issued along with postage stamp.
Mr. Alexander said that joint philatelic release of stamps is very rare.
India and Japan had released a set of commemorative stamps during the visit of the Japanese Emperor to India last year. Source : http://www.thehindu.com/
3. 8 Small Saving Schemes to Reap Big Benefits
‘Save money and money will save you’ is the only shortcut mantra to build a strong financial future for you and your family. It’s not your salary that makes you rich, it’s your habit of saving that decides your path.
# Post Office Monthly Income Scheme: Post Office Monthly Income Scheme (POMIS) is one of the safest schemes to invest as it assures guaranteed return on your investment. This scheme is offered by the Indian postal service to help individuals to earn substantial returns with a short locking period.
Often urban investors are reluctant t o make investments under POMIS. The maturity period for this scheme is 5 years and it is offered with an interest rate of 8.4 percent. You can start opening your account with minimum of 1,500 to a maximum limit up to 4.5 lakh in a single account and 9 lakh in case of a joint account.
# Kisan Vikas Patra: The government of India has initiated Kisan Vikas Patra scheme for the investors who aspire to double their money. This scheme allows you to double your money in hundred months or 8 years and 4 month.
Kisan Vikas Patra can be a profitable option for people who fall in lower income status and who don’t get access to other regular financial products. It offers an attractive and secure interest rate of 8.7 percent and has a lock in period of 100 months.
# Public Provident Fund : Public Provident Fund or PPF is a long term debt scheme introduced by the Indian government. You can get tax benefits if you invest in PPF account. An investment in PPF will offer you 8.7 percent of the interest rate.
In PPF your returns are compounded. This means you can not only earn returns on the money you invested but you can even earn interest on the interest earned. This is an additional advantage of this scheme which makes its special than others.
# 10 Year National Savings Certificate: The 10 Years National Savings Certificate is a popular and a safe small savings instrument. It is issued by the post offices in India. It offers assured benefits and tax returns.
This scheme offers a risk free saving option to the investors. The interest rate of NSC is 8.8 percent and it has a maturity period of 10 years. You can start with a minimum deposit of 100. There is no maximum limit to invest in NSC.
# Senior Citizens Savings Scheme: Senior Citizens Savings Scheme offers higher returns to the investors. The rate of interest earned in this scheme is 9.3 percent.
The scheme comes with a maturity period of five years. The most interesting thing in this scheme is the interest is paid out every quarterly during the tenure. This small saving scheme offers secure returns with an investment limit of 1,000.
# 5 Year National Savings Certificate: 5 Year National Savings Certificate offers 8.5 percent of a rate of interest to the investors. Under the Section 80 C, NSC scheme allows you to claim for tax deduction benefits up to 1.5 lakh.
With 5 years of lock in period, this scheme proves to be one of the safest and easiest investment option for the individuals who want to make benefit s within a short span of time.
# Sukanya Samridhi Yojna: The Sukanya Samridhi Yojna was initiated by the Honorable Prime Minister Narendra Modi with an aim to promote girl child education and her marriage expenses. This small deposit scheme for a girl child fetches a rate of interest of 9.2 percent ( Every year it may vary) . Interest will earn upto 21 years from the Date of opening of account.
The account can be opened at any time from the birth of the baby girl till she attains the age of 10 years. This scheme encourages parents to send their daughters to study and brighten their future.
# 5 Year Post Office Time Deposits: 5 Year Post Office Time Deposits is a scheme offered in the post offices in India. This scheme offers 8.5 percent of the rate of interest with a lock in period of five years.
An investor can open an account with a minimum investment of 200. It has no maximum limit instead investments done should be in the multiples of 200.
With all of the above saving options, the government aims to encourage people to contribute a small amount of their incomings towards savings, to make a healthy and wealthy India. Let’s come together and join hands in this endeavor to make more money for a better and secured future.
source : http://www.siliconindia.com/ , BENGALURU