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Updates

KAP's Interest Rate Updates for Employee Benefits as on 31 March 2026

Comparison of 30-03-2026 Yield impact for each tenure is in the range of 5 bps to 88 bps

March 31, 2026

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Updates

KAP's Interest Rate Updates for Employee Benefits as on 31 March 2026

March 31, 2026

Comparison of 30-03-2026 Yield impact for each tenure is in the range of 5 bps to 88 bps

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 31st December 2025

December 31, 2025

Increasing government bond yields typically indicate investors prefer safe and risk-free government bonds, prompting a shift toward safer assets

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 30th September 2025

September 30, 2025

Falling government bond yields typically indicate investor caution about the economic outlook, prompting a shift to ward safer assets.

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 30th June 2025

June 30, 2025

Summary of G-sec rates and par yields for employee benefits as of 30th June 2025.

Updates

KAP's Interest Rate Updates for Employee Benefits as on 31 March 2025

March 29, 2025

Summary of G-sec rates and annualized yields as of March 28, 2025, showing a decline in yields across tenures.

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 31st December 2024

December 31, 2024

Summary of G-sec annualized yields as of December 31, 2024, showing rising returns for longer tenures.

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 30 September 2024

September 30, 2024

Summary of G-sec annualized yields as of September 30, 2024, showing modest decreases across tenures due to global market uncertainty.

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 28 June 2024

June 28, 2024

Summary of G-sec annualized yields as of June 28, 2024, showing modest decreases across tenures due to global market uncertainty.

Updates

KAP's Interest Rate Updates for Employee Benefits as on 31 March 2024

March 29, 2024

The world market is facing a recessionary uncertainty due to which there has been a decline in the Interest Rates. An impact of this recession has led to a decrease in rates as on 28-03-2024.

Guides

KAP's view on Karnataka Gratuity Insurance Rules

February 7, 2024

The Government of Karnataka (GoK), on 10th January 2024, rolled out the Notification No. LD 397 LET 2023outlining the rules on Compulsory Gratuity Insurance for the State (of Karnataka.)

Updates

KAP's Interest Rate Updates for Employee Benefits as on 31 December 2023

December 31, 2023

The world market is facing recession due to which there has been a decline in the Interest Rates. An impact of such a recession has led to a decrease in rates as on 31-12-2023.

Guides

The “I” in IFRS17: Implementation and IT

November 22, 2023

The global implementation of the International Financial Reporting Standard17 (IFRS17) has emerged as a critical challenge for companies in the financial sector

Updates

AP’s Interest Rate Updates For Employee Benefits as on 30 September 2023

September 30, 2023

Momentary upward shift observed in the overall market trend. And as an impact slight increase in rates as on 30-09-2023 by an average of10 bps compared to 30-06-2023 is seen

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 30 June 2023

June 30, 2023

The world market is facing recession due to which there has been a decline in the Interest Rates.

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 31 March 2023

March 31, 2023

As compared with 31-03-2022, rates have increased for each tenure with an average increase of 50 bps.

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 31 December 2022

January 2, 2023

There has been a periodic rise in Interest Rates around the world due to high inflation. However, the rates as on 31-12-2022 have fallen by an average of 10 bps compared to 30-09-2022.

Guides

IFRS 17 - Recognition and Presentation in the Statement(s) of Financial Performance

December 22, 2022

In IFRS17, the amounts recognised in the statements of financial performance are required to be disaggregated into Insurance Service Result and Insurance Finance Result

Guides

Investment Contract with Discretionary Participation Features

November 15, 2022

An investment contract with discretionary participation features does not include a transfer of significant insurance risk.

Guides

K. A. Pandit's Social Security and Retirement Landscape Pulse Survey 2022

October 17, 2022

It is now nearly 2 years since the Code on Social Security, 2020 was enacted. We await a notification announcing the date when it shall come into force

Guides

IFRS 17 - Reinsurance Contracts Held

October 17, 2022

IFRS17 requires reinsurance contracts held by an entity to be accounted separately from the under lying insurance contracts

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 30 September 2022

October 3, 2022

There has been a rise in Interest Rates around the world due to high inflation.

Guides

IFRS 17 - Premium Allocation Approach

September 20, 2022

The Premium Allocation Approach (PAA) is a simplification available for the General measurement model under IFRS 17, especially for short term insurance contracts

Trends

Happy Anniversary Payment of Gratuity Act 1972

September 16, 2022

This year India celebrated its 75th Independence Day, but how many people know it is the 50th Anniversary of the Payment of Gratuity Act 1972. The Act came into effect on 16 September 1972

Guides

Measurement of Onerous Contracts

August 31, 2022

Onerous contracts are insurance contracts that are loss making from inception or become loss making during the lifetime of the contract

Guides

Insurance Contracts with Direct Participation Features

July 17, 2022

IFRS17 requires classification of an insurance contract as either with or without direct participation features

Updates

KAP’s Interest Rate Updates For Employee Benefits as on 30 June 2022

July 4, 2022

There has been a rise in Interest Rates around the world due to war and high inflation.

Technology

Coverage Units in IFRS 17

June 29, 2022

IFRS 17 introduced Coverage Units to achieve an appropriate allocation of the contractual service margin(CSM) of a group that contains contracts of different sizes

Guides

IFRS 17 - Contractual Service Margin

May 11, 2022

The contractual service margin is a component of the asset or liability for the group of insurance contracts

Risk

Risk Adjustment in IFRS17

April 7, 2022

IFRS 17 requires an entity to hold a risk adjustment reflecting the compensation required for bearing the risk of uncertainty about the amount and timing of cash flows arising from non-financial risks

Updates

KAP’s Interest Rate Updates for Employee Benefits as on 31 March 2022

March 31, 2022

Discount Rate has increased for each tenure with an average increase of 45 bps with the maximum of 90 bps for tenure 2 years and minimum of 29 bps for tenure11 years.

Guides

Impact of COVID-19 on Accumulated Leave Balances, Salary & Other Components – Version 2.0

March 18, 2022

Any impact of Omicron variant would come through in our 2021-22 study.

Guides

IFRS17 – Determining Discount Rates

March 1, 2022

IFRS 17 sets out the requirements to discount future cash flows in deriving the value of the liabilities.

Updates

KAP’s Interest Rate Updates for Employee Benefits as on 31 December 2021

December 31, 2021

Despite the volatility in Annualised Par Yields on Government Securities (G-Sec)/Discount Rates due to the pandemic, rates have increased in Q3 of FY 2021-2022

Updates

KAP’s Interest Rate Updates for Employee Benefits as on 30 September 2021

September 30, 2021

The G-sec rates have increased compared to last year as the economy and businesses have gained some momentum and are steadily converging to normalcy

Updates

KAP’s Interest Rate Updates for Employee Benefits as on 30 June 2021

June 30, 2021

The G-sec rates have increased compared to last year as the economy and businesses have gained some momentum and are steadily converging to normalcy

Guides

Impact on financial provisions for pension scheme due to EPFO Circular No. Pension.I/17(3)19/RRB

May 18, 2021

In line with good reporting practice and governance, RRBs are required to obtain regular estimates of long term obligation

Guides

Accumulating Compensated Absences Actuarial Valuation considerations - 2021

April 4, 2021

Impact of COVID-19 on Leave accumulation

Updates

KAP ’s Interest Rate Updates for Employee Benefits as on 31 March 2021

March 31, 2021

The G-sec rates have increased significantly due to the start of economic activity and return of normalcy due to unlocking compared to previous three quarters

Guides

IFRS17- Level of Aggregation

March 10, 2021

IFRS17 necessitates all entities writing insurance contracts to identify portfolios of insurance contracts, subdivided into various groups at initial recognition

Guides

Demystifying Employee Stock Option Plan (ESOP) Accounting

March 10, 2021

ESOPs are employee benefit plans under which employees are granted an option to purchase their company’s shares

Guides

IFRS 17 – Contracts in Scope

March 9, 2021

This article is an introduction of various parameters to take into consideration for identifying the Contracts that fall within the purview of IFRS 17.

Guides

IFRS17 – Contract Boundary

March 9, 2021

This publication introduces the concept of ‘Contract Boundary’ as defined in the IFRS17 standard

Guides

IFRS 17 - Simplifying Basics

January 7, 2021

IFRS 17 is the latest international financial reporting standard that impacts all entities whether insurance/reinsurance or non-insurance that issue insurance contract

Updates

KAP’s Interest Rate Updates for Employee Benefits as on 31 December 2020

December 31, 2020

Economic factors have rendered the G-Sec rates very volatile and a significant decrease is seen in the rates over the last year.

Guides

Webinar on Financial Condition Reporting - Gaining Business Insights

October 18, 2020

The webinar aimed to address a key requirement of the Bangladesh insurance market, namely the development of Financial Condition Reporting

Guides

Impact of COVID-19 on Accumulated Leave Balances, Salary & Other Components

October 18, 2020

We are all aware that COVID-19 has had a significant impact on all aspects of business. For employees, this has possibly meant lower salary increases (or none)

Updates

KAP’s Interest Rate Updates for Employee Benefits as on 30 September 2020

September 30, 2020

Economic factors have rendered the G-Sec rates very volatile and a significant decrease is seen in the rates over the last year

Guides

Analysis of Attrition Rate and Impact on Actuarial Valuation

September 20, 2020

Assumptions are an integral part of performing actuarial valuations. Setting up actuarial assumptions involves reasonableness and acceptability is of prime importance

Guides

Bangladesh Insurance Industry – Beyond Covid-19

September 18, 2020

M/s. K. A. Pandit (KAP) and Professional Advancement Bangladesh Limited (PABL) jointly held a webinar on 10 July 2020 to facilitate some well needed professional

Guides

The Code On Social Security (2020) - Wages definition implications on Gratuity and other Employee Benefits

September 18, 2020

The Code on Social Security has now been passed by both Houses of Parliament and, pending the final formalities, will be a reality

Guides

AMENDMENTS TO IFRS 17 – JUNE 2020

June 18, 2020

In June 2020, the International Accounting Standards Board (Board) amended IFRS 17 Insurance Contracts

Updates

Interest Rates Updates as on 30-06-2020

June 1, 2020

Pandemic effect has made the Discount Rate volatile with downward bias. The expected buoyancy in the economic activity post pandemic may se a rising tail

Guides

Why Companies will have difficulties claiming Business Interruption Insurance for Covid-19 Losses

May 20, 2020

This type of insurance also covers operating expenses, a move to a temporary location if necessary, payroll, taxes, and loan payments.

Risk

Being prepared for volatility and uncertainty in Year-end valuations

March 20, 2020

India is also bracing itself to face the challenges resulting from the economic impact of Coronavirus coupled with the failure of some financial institutions

Risk

Volatility in the Interest Rate – March 2020

March 20, 2020

Employee Benefit Obligations are to be valued based on G-Sec rate of estimated term of obligation (expected future service/ expected future lifetime) as prevalent at the end of the reporting period.

Risk

Volatility in the Interest Rate - September 2019

September 20, 2019

10 Years G.Sec. Yield was 7.47% as on 29th March 2019 and is 6.97% as on 30th September2019, resulting in an increase in the yield of 0.50%.

Guides

The Code on Wages Bill, 2019

August 20, 2019

The Code on Wages, 2019 was introduced in Lok Sabha by the Minister of Labour on July 23, 2019.This Bill was originally introduced on August 10, 2017

Risk

Volatility in the interest rate

June 20, 2019

Annualised Par Yields on G. Secs as on 31-03-2019 and 31-03-2018

Risk

Volatility in interest rate- march 2019

March 20, 2019

Annualised per yields o G.secs as on 21-3-2019 and 31-3-2018

Risk

Volatility in the Interest Rate – December 2018

December 30, 2018

10 Years G.Sec. Yield was 7.56% as on 31st March 2018 and is 7.50% as on 31st Dec 2018,resulting in decrease in the yield marginally by 0.06%.

Risk

Volatility in the Interest Rate - September 2018

September 20, 2018

10 Years G.Sec. Yield was 7.56% as on 31st March 2018 and is 8.16% as on 28th Sept 2018,resulting in an increase in the yield of 0.60%.

Risk

Volatility in the Interest Rate - June 2018

June 20, 2018

10 Years G.Sec. Yield was 7.56% as on 31st March 2018 and is 8.14% as on 29thJune 2018,resulting in an increase in the yield of 0.58%.

Risk

Volatility in the Interest Rate - March 2018

March 20, 2018

10 Years G.Sec. Yield was 7.12% as on 31st March 2017 and is 7.56% as on 31st March2018, resulting in an increase in the yield of 0.44%.

Guides

Amendment in gratuity Act

February 1, 2018

By 7th pay commission, Gratuity limit was increased to 20 lakhs for central government employees w.e.f. 01.01.2016.

Risk

Volatility in the Interest Rate - December 2017

January 30, 2018

Employee Benefit Obligations are to be valued based on G-Sec rate of estimated term as prevalent at the end of the reporting period.

Guides

Topic to be covered: Volatility in the Interest Rate March 2017 v/s September 2017

October 20, 2017

Employee Benefit Obligations are to be valued based on G-Sec rate of estimated term asprevalent at the end of the reporting period.

Technology

Cabinet Approval for Gratuity Ceiling and DA Increase

September 1, 2017

Gratuity Ceiling for Private sector, Public Sector, Autonomous Organizations under Government who are not covered under CCS (Pension) Rules; is currently 10 lakhs as per payment of gratuity act, 1972

Risk

Volatility in the Interest Rate March 2017 v/s June 2017

July 20, 2017

Employee Benefit Obligations are to be valued based on G-Sec rate of estimated term as prevalent at the end of the reporting period.

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