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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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National Recruitment Agency (NRA), what are its main features and benefits?

National Recruitment Agency (NRA), what are its main features and benefits?

 


The proposal to set up a National Recruitment Agency (NRA) has been approved by the Union Cabinet chaired by Prime Minister Narendra Modi on August 19, 2020. The National Recruitment Agency (NRA) is a multi-agency body that is Group B and Group C In order to shortlist the candidates for (non-technical) posts, the Common Eligibility Test (CET) will be conducted. NRA governing body will also include representatives from the Ministry of Railways, Ministry of Finance or Department of Financial Services, SSC, RRB and IBPS. Therefore we can say that the NRA will be an expert a body that will follow state-of-the-art technology and best practices in the recruitment of Central Government.

 

National Recruitment Agency (NRA): Key Features

 

The Common Eligibility Test (CET) will be conducted twice in a year. Separate CET will be conducted for candidates with graduation, 12th pass and 10th pass to facilitate recruitment on vacancies at various levels. Under the NRA, a major change will be that CET will be conducted in 12 major Indian languages. As we know that recruitment in central government jobs is done only in English and Hindi languages.

 

 

Initially, CET will cover the Staff Selection Commission, Railway Recruitment Board and Institute of Banking Personnel Selection Recruitment for the three agencies. It will be expanded but in a phased manner. To overcome the currently prevalent urban bias, the CET will be conducted in about 1000 centres across India. The examination centre will be in every district of the country. Special attention will be given on creating examination structure in aspirational districts, which will help the candidates to reach the examination centres near their place of residence.

 

To shortlist the candidates, the CET will be the first level examination and the CET score will be valid for three years. Under NRA, CET will be subject to an upper age limit. There will be no limitation on the number of opportunities for candidates to participate in the CET exam. According to the current policy of the government, candidates belonging to SC / ST / OBC and other categories will be given upper age relaxation.

 

National Recruitment Agency (NRA): Benefits for Students

 

This will remove the hassle of appearing in various types of examinations. It will also reduce the financial burden which is imposed in many examinations through single examination fee. This will also save the travel time, cost of living, etc. for the candidates, as the examination will be conducted in every district. It will also encourage more women candidates to appear in the exam or apply for government jobs. Applicants will be required to register on a single registration portal. Under the NRA there will be no need to worry about a clash in the exam dates.

 

National Recruitment Agency (NRA): Benefits for Institutions

 

NRA will remove the hassle of conducting the preliminary or screening test of the candidates. This will also significantly reduce the recruitment cycle. It will also bring standardization in the examination pattern. It will also reduce the cost of various recruitment agencies thus bringing about Rs. 600 crore is expected to be saved.

 

Along with all this, the government has also planned to provide outreach and awareness facility in rural and remote areas to familiarize the candidates with the online examination system. Also, to answer the questions, a 24X7 helpline will be set up. Let us also tell you that the National Recruitment Agency (NRA) will be a society registered under the Societies Registration Act. It will be headed by the President of the rank of Secretary to the Government of India. National Recruitment Agency (NRA) governing body will also include representatives from the Ministry of Railways, Ministry of Finance / Department of Financial Services, SSC, RRB and IBPS. The government has approved Rs 1517.57 crore rupee for the National Recruitment Agency (NRA). This expenditure will be done over a period of three years.


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