Expense Account, Mint Are loads back? The distribution industry was agog when news filtered out last week that the Bajpai committee set up by the Pension Fund Regulatory and Development Authority (PFRDA) had recommended a 50 basis points (bps) charge on the National Pension System (NPS) point of sale. A quick backgrounder: The Bajpai committee...
Expense Account, Mint Sometimes a committee leaks a proposal it is considering to test reaction in stories and comments. Or sometimes it is a dissenter to what is being discussed who will leak a proposal or a decision to get public opinion against what is being proposed. Either of the two must have happened last...
Expense Account, Mint For equally good food, which cafe would you pick—one that has good parking and is on the ground floor or another that has difficult parking and is two flights up a dark stairway? I find myself choosing the first over the other most times. I also find my selection process sensitive to...
Expense Account, Mint No, this is not about what this column expects the new government to do for financial sector reform. It is assuming that these are going to be fast-tracked, and along with new products and services, consumers of financial products will bear the burden of too much choice. In his book The Paradox Of Choice,...
Expense Account, Mint One of the reasons the new pension system (NPS) had got good previews before launch was due to the tiny costs the scheme carried. However, newspaper edits this week suggest that there is fine print to be looked at and that the product is not as cheap as touted. The criticism also...