Select Micro Cap-Series I, a five-year closed equity fund has been launched by Sundaram Mutual Fund. The scheme would be listed on the NSE and is benchmarked against the S&P BSE Small Cap Index. The scheme would invest at least 65 per cent in equity. There are opportunities to invest in all market conditions and Sundaram Mutual is known for unearthing these opportunities, the company said.
Author: admin (Infratructure Today)
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Rethink on premium highway restructuring
The C Rangarajan Committee, which was set up in October this year, made some key recommendations to be submitted to the Highway Ministry that include rescheduling of premium that road developers are liable to pay to the National Highway Authority of India (NHAI) and some breather from penalty norms.
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Rethink on premium highway restructuring
The C Rangarajan Committee, which was set up in October this year, made some key recommendations to be submitted to the Highway Ministry that include rescheduling of premium that road developers are liable to pay to the National Highway Authority of India (NHAI) and some breather from penalty norms.
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Essar Ports enters into Concession Agreement with Visakhapatnam Port Trust for development of three iron ore berths
Essar Ports Ltd. (Essar Ports), part of the $39 billion Essar, today announced that Essar Vizag Terminals Ltd., a wholly owned subsidiary of the company, has entered into a Concession Agreement with Visakhapatnam Port Trust for development
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Govt gives 30% aid to buy solar water heating systems
The Union government is providing central financial assistance (CFA) upto 30 per cent of the Benchmark cost of the equipment in Solar Water Heating systems and Solar Photo Voltaic systems such as solar lanterns, home lights, street lights and stand alone PV power plants.
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Union govt gives aid to set up bioenergy plants
For exploring the potential of bio-energy, the Union Ministry of New and Renewable Energy (MNRE) has formulated the following Schemes:
i. Biomass Power and Biomass Cogeneration in Sugar Mills. ii. Biogas Power Generation Programme (BPGP). iii. Biomass Gasifier Programme. iv. Waste to Energy Programme. v. National Biogas and Manure Management Programme (NBMMP). vi. Biomass Cogeneration Non-bagasse.
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Govt takes initiatives in renewable energy
The Union government has taken a few new initiatives in the field of new and renewable energy sector during the last three years and the current year, said the Union Minister of New and Renewable Energy Farooq Abdullah in a written reply in the Lok Sabha on December 16.
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IRDA improves Insurance Repository System
The Insurance Regulatory and Development Authority (IRDA) has stated that the Insurance Repository System was launched on September 16, 2013 with the objective to provide policy holders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy in order to bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies.
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Govt constitutes Cabinet Committee on Investments
The Union government has set up the Cabinet Committee on Investments (CCI) with the Prime Minister as the Chairman to promote accelerated and time bound decisions on grant of various licenses, permissions and approvals for implementation of projects.
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India widens its 14,000 km highways into 4-lanes
About 14,000 km length of National Highways has been converted into four lanes during the last ten years i.e. 2004 to 2012 by National Highways Authority of India, Union Minister of State in the Ministry of Road Transport and Highways Tushar A Chaudhary stated in the Rajya Sabha recently.