The Employee’s provident fund and miscellaneous provisions Act‚ 1952 Introduction The Employees Provident Fund is set up under the Central Act viz. Employees Provident Fund and Miscellaneous Provisions Act‚ in the year 1952. It is applicable throughout the country (except Jammu and Kashmir) * It is applicable to almost all establishments falling under the industries/class of establishments‚ wherein 20 persons are employed. * In the case of cinema theatres workers‚ it is applicable to
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A pension fund shall be a pool of assets‚ established under a contract and not having legal personality‚ owned jointly by several persons in a partial ownership and the ownership shares represented by units in the pension fund. Each unit shall represent the ownership of a proportional part of the assets held in the pension fund structure. The pension fund shall be managed by a management company according to a pension fund contract with the unit-holders‚ with the objective to increase the
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SOURCES OF SHORT TERM FUNDS Referring to any investment‚ financial plan‚ or anything else lasting for one year or less. Short term investments and financial plans usually involve less uncertainty than long-term investments and financial plans because‚ generally speaking‚ market trends are more easily predictable for one year than for any longer period. Likewise‚ short-term financial plans are more easily amendable as a result of the short time frame. Short-term financial plans usually involve investing
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development of stock markets through a corporate governance channel‚ i.e. pension funds become large shareholders of publicly traded firms and therefore have the incentives to monitor managers and improve investor protections. This paper reviews the literature on the corporate governance channel associated with pension reforms in developing countries‚ and asks what we know and need to know about it. We know that pension funds are not yet large shareholders of publicly traded firms in developing countries
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Not everyone can be a manager. Certain skills to translate knowledge into action that results in desired performance‚ are required to help other workers become more productive. These skills fall under these categories: • Technical: This skill requires the ability to use a special proficiency or expertise to perform particular tasks. Accountants‚ engineers‚ market researchers‚ and computer scientists‚ as examples‚ possess technical skills. Managers acquire these skills initially through formal education
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Sacrifice not only a big part of love; it is necessary for love to exist. Sacrifice makes a relationship between people easier. In all relationships at one point a sacrifice is made. Sometimes it is a very small sacrifice such as changing a schedule other times the sacrifice is moving to be with the one you love. Other times sacrifice is so great you must give up your loved one knowing that it will hurt you greatly‚ but in the end make the other person happy. As a 14-year old‚ I have no that to make
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areas of Kenya. Acumen’s core goal is to invest in ventures that make an impact in the Base of Pyramid sector and that show potential to scale while bringing in a return on investment for Acumen. Ecotact ranks high in its commitment to the Acumen Fund mission because it focuses on providing a solution for the sanitary need in the Base of Pyramid space within Kenya. Furthermore‚ Ecotact shows significant potential to scale by adopting the franchise model. According to the assumptions given in the
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venture will enable Qantas Airways to expand its premium market in China and achieve cost reduction. The report starts with an overview of core business and current position of Qantas Airways‚ and then moves on to SWOT analysis to discuss the external and internal environments in order to identify this optimal strategy. The proposed growth strategy comes out with a positive NPV and a higher IRR. Based on the optimal debt-equity structure of Qantas‚ new ordinary shares are proposed to issue in
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International Monetary Fund Summary Today’s society consists of a crises where there is a need for crisis management‚ however critics argue there is not enough being done to assist all nations from this organization. There is little attention from the International Monetary Fund (IMF) for developing countries trying to work on their financial situation. The IMF is focusing their attention on developed countries with the expensive plans and rescue operations. There is speculation that short
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Chapter 17 1. Why are mutual funds popular with individual investors? Able to enjoy economies of scale by incurring lower transaction costs and commissions. Provide opportunities for small investors to invest in a liquid and diversified portfolio of financial securities. 2. What is the purpose of index funds? How does this differ from other equity mutual funds? Why are index funds growing in popularity? Index funds are funds in which managers buy securities in proportions similar to those
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