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Motilal Oswal Mutual Fund has launched a new fund-of-funds (FoFs) scheme that can become a one-stop solution for all your mutual fund needs. The Scheme will invest in index schemes that have in its portfolio domestic equities, gold, government securities and international equities.
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We have rarely heard of any recoveries of penalties slammed on public information officers (PIOs), but this one surely takes the cake!
Neeraj Kumar Gupta, the central information commissioner, in an order dated 19 February 2021, states, “If the Central Information Commission (CIC) starts imposing penalty on the PIOs in every other case, without any justification, it would instil a sense of constant apprehension in those functioning as PIOs in the public authorities, and would put undue pressure on them.
They would not be able to fulfil their statutory duties under the Right to Information (RTI) Act with an independent mind and with objectivity.”
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It is over a week since the National Stock Exchange (NSE) came to a slow, grinding halt on 24 February 2021 and we are still none the wiser about exactly what transpired that day.
While conspiracy theories on social media and trader networks abound, the market regulator and the Exchange are silent, barring a hasty, and shockingly inaccurate, press release from the Securities and Exchange Board of India (SEBI).
It is finance minister (FM) Nirmala Sitharaman’s statement that has corrected the picture with the admission that ‘interoperability’ between exchanges failed to work (contrary to SEBI’s press release) and that the stoppage of trading was a serious embarrassment.