| 2008-2009 | 2007-2008 | |||||
| Rs. | Rs. | |||||
| 15. | VI. | Actual Return on Plan Assets | 13,99,027 | 2,96,77,176 | ||
| 31st March, 2009 |
31st March, 2008 |
|||||
| Rs. | Rs. | |||||
| VII. | Principal Actuarial Assumptions | |||||
| a. | Discount Rate (per annum) | 7.50% | 8.00% | |||
| b. | Expected Rate of Return on Plan Assets (per annum) | 7.00% | 8.00% | |||
| c. | Salary Escalation | 5.00% | 6.00% | |||
| d. | Inflation Rate | 5.00% | 6.00% | |||
| The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market. |
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| The expected rate of return on plan assets is based on the portfolio of assets held, investment strategy and market scenario. In order to protect the capital and optimise returns within acceptable risk parameters, the plan assets are reasonably diversified. |
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| 16. | Miscellaneous Income (Schedule 13) includes interest subsidy Rs. Nil (31.03.2008 Rs. 2,45,84,660) |
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