A COMPARATIVE STUDY ON THE PERFORMANCE OF NIFTY 50 AND EQUITY FUNDS UNDER TIER-II OF NATIONAL PENSION SCHEME

The National Pension Scheme (NPS) is a defined contribution and a corporate pension fund that provides financial assistance to all Indian citizens. There are two types of accounts in the National Pension Scheme: Tier I and Tier II. Tier I is a mandatory deposit pension fund account and Tier II is a voluntary pension account. Tier I and Tier II is are consisted of different assets namely, equity, government security and alternative asset. The equity schemes are directly linked with the market. The return of all the fund managers in equity schemes are not same as the portfolio of all the fund managers are not same. Secondary data has been collected from respective websites of Pension Fund Managers and has been used to calculate mean, SD, Variance, and Correlation to predict the performance of equity funds. ANOVA and T-test have been for assessing the comparative analysis of the different fund managers under equity scheme in tier II. As per the study, LIC PF and ICICI PF are the best performer during the study period. The performance of SBI PF is poor among other equity funds under Tier-II of NPS during the study period. In term of risk, LIC PF is the higher risky equity fund and UIT PF is the lowest risky equity fund under Tier-II of NPS. It can be said that investors need to be high-risk taker to invest in that LIC PF. Through the risk analysis during said period of time, it is found that the ability to observe risk differs in equity funds under Tier-II of NPS. The main reason for this being a voluntary account of Tier -II. As there is no lock-in period in this account, the investors mostly use for a short-term purpose. In the recent decision of the government, Tier-II offers a lock-in period for 3 years with tax benefit. This decision may be affected the investment pattern of the investors. KEY WORDS: - National Pension Scheme, Performance, Equity Scheme, Nifty 50

Full Battery and Hybrid Bus based Rapid Transit System as a Cost Effective Urban Transit Mode alternative to Metros in Tier II Tier III Indian Cities

Intra-city travel is a significant part of urban life and a fully functional intra-city transit system will help in reducing the number of private vehicles on the road, thus reducing pollution and traffic congestions. A robust urban transit system helps in the physical expansion of city limits, making education, job, and medical facilities accessible to people living in city fringe areas. This will help in depopulating the Central Business District areas and optimization of real estate cost. Heavy Rail Based Metro Transit system has improved living conditions in Metropolitan cities. The High Capital Investment required for setting up a metro system necessitates the requirement of alternate Transit systems for Medium and smaller cities. This paper delves into this important area of suggesting an alternate urban transit model for Tier II and Tier III Indian cities. In this paper, modifications were suggested in the Metro Neo specification issued by the Ministry of Housing and Urban Affairs [10], to make it more cost-effective (to construct and maintain), agile, and with scope to harness new technologies as they become commercially viable in the future. Elevated or dedicated Busways with Full Diesel Hybrid Buses comprising an Energy Storage system (Li-ion battery pack) and a diesel power pack are suggested as the rolling stock for the transit system. This suggested rolling stock will be not only cost effective but also environmentally friendly. In the future, the Diesel Power Packs in the buses can be replaced with Hydrogen Fuel Cells or additional batteries to enable full electric and non-fossil fuel operation. The need for further research in developing cost-optimized structures in the Construction of viaducts and bus stations is felt and details in these areas have been highlighted. The suggested system will have the flexibility of a Bus Rapid Transit system and shall have some advantages of a metro system. Even in big cities with a full-fledged Metro system, the suggested modified Metro Neo system can act as a feeder system from faraway places. The paper proposes essential features of a transit system that is robust in present and is future-ready.

Full Battery and Hybrid Bus based Rapid Transit System as a Cost Effective Urban Transit Mode alternative to Metros in Tier II Tier II I Indian Cities

Intra-city travel is a significant part of urban life and a fully functional intra-city transit system will help in reducing the number of private vehicles on the road, thus reducing pollution and traffic congestions. A robust urban transit system helps in the physical expansion of city limits, making education, job, and medical facilities accessible to people living in city fringe areas. This will help in depopulating the Central Business District areas and optimization of real estate cost. Heavy Rail Based Metro Transit system has improved living conditions in Metropolitan cities. The High Capital Investment required for setting up a metro system necessitates the requirement of alternate Transit systems for Medium and smaller cities. This paper delves into this important area of suggesting an alternate urban transit model for Tier II and Tier III Indian cities. In this paper, modifications were suggested in the Metro Neo specification issued by the Ministry of Housing and Urban Affairs [10], to make it more cost-effective (to construct and maintain), agile, and with scope to harness new technologies as they become commercially viable in the future. Elevated or dedicated Busways with Full Diesel Hybrid Buses comprising an Energy Storage system (Li-ion battery pack) and a diesel power pack are suggested as the rolling stock for the transit system. This suggested rolling stock will be not only cost effective but also environmentally friendly. In the future, the Diesel Power Packs in the buses can be replaced with Hydrogen Fuel Cells or additional batteries to enable full electric and non-fossil fuel operation. The need for further research in developing cost-optimized structures in the Construction of viaducts and bus stations is felt and details in these areas have been highlighted. The suggested system will have the flexibility of a Bus Rapid Transit system and shall have some advantages of a metro system. Even in big cities with a full-fledged Metro system, the suggested modified Metro Neo system can act as a feeder system from faraway places. The paper proposes essential features of a transit system that is robust in present and is future-ready.

Impact of Demographic Factors on Consumer’s Usage of Digital Payments

The post-demonetization phase in India has triggered more cashless transactions; a shortage of cash in the system had forced consumers to shift themselves from cash to cashless transactions. In the retail space, the thrust has shifted on costs, as banks continued their efforts towards migrating customers to lower-cost electronic and automated channels to reduce human intervention. On the contrary, it is also vital to check the customers’ demographic impact on the usage of digital payment services. The objective of the study is to analyse the changing customer dynamics and improve the customer experience from the outcome. This article aims to investigate the impact of demographic factors on consumer usage (CU) of Digital payments during post-demonetization. Further, exploring the impact of demographic factors (gender, age, education, marital status and income) on CU and satisfaction of 599 respondents towards various digital payment methods in tier I and tier II cities of India. The results show a significant impact of age, education, occupation, and income of respondents and no significant impact of gender and marital status of the respondents on consumers’ usage. The outcomes of the current work revealed useful insights into consumer’s usage and satisfaction with four prevailing digital payment methods vis-à-vis demographic factors. This study is significant as it empirically examines the impact of demographic factors on the CU of digital payment systems during the post-demonetization period in India.

169 Estimating the Environmental Impact of Livestock Operations Using the Canadian Whole-farm Model Holos Developed for Canadian Farmers

The Holos model is a Canadian whole-farm model that uses IPCC Tier II emission factors to calculate greenhouse gas (GHG) emissions from Canadian farming systems. These Tier II emission factors are Canada-specific with respect to land-based nitrous oxide emission, but are universal with respect to the livestock calculation. Here, however, Tier II is limited to ruminant animals, as so far only Tier I models are available for monogastrics. The model is designed to permit farmers to enter readily available farm management information themselves in order to calculate GHG sources and management driven mitigation practices. The presentation will provide an overview of the model and its design (interface and algorithms), and will showcase some of the scientific studies (cradle-to-farmgate) that were accomplished using the Holos model for assessing the carbon footprint of Canadian beef and dairy production systems.

Comparative Analysis of Municipal Solid Waste Management in Kochi and Indore

Conventionally, the general understanding of Municipal Solid Waste (MSW) management is collecting solid waste and its disposal through its developed channels or outside contracts. However, depending upon the situation and context, the definition of MSW varies between countries across the globe. For instance, in countries like Singapore and Japan, Municipal Solid Waste is defined as general waste. However, while categorizing the general waste, the industrial waste component is considered for Singapore and not for Japan. Similarly, different countries associate different definitions for MSW and it becomes a difficult challenge to suggest a single unified definition applicable for all countries. This paper aims to do a comparative analysis of Waste management in Tier-II cities of India, Kochi and Indore. Kochi is ranked 372nd and the latter 1st according to the latest Swachh Survekshan undertaken as part of the Swachh Bharat Abhiyan (Urban) by the Ministry of Housing and Urban Affairs. This paper highlights what the key elements missing out in the management of waste in Kochi from the reference perspective of Indore and identifying the measures Kochi needs to undertake to improve its ranking among the cleanest city in India are.