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Mutual Fund industry says Budget a mixed bag

Last Updated: Friday, July 11, 2014, 13:42

The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag.

Chit fund scam: ED takes Sudipta Sen on remand for 10 days

Last Updated: Thursday, July 10, 2014, 23:27

A local court today allowed the Enforcement Directorate (ED) to take Saradha Group chief Sudipta Sen on remand for ten days.

Union Budget 2014: Budget provides for Rs.100 crore Agriculture Infrastructure Fund

Last Updated: Thursday, July 10, 2014, 17:43

Finance Minister Arun Jaitley Thursday announced the setting up of an Agriculture Infrastructure Fund of Rs.100 crore to encourage research and development, saying it was necessary to make farming competitive and give an impetus to investment in agriculture.

Govt to establish National Adaptation Fund for climate change

Last Updated: Thursday, July 10, 2014, 15:42

Union Finance Minister Arun Jaitley on Thursday announced to establish a `National Adaptation Fund` for climate change.

Investors pump in Rs 54,000 cr in mutual fund schemes in FY14

Last Updated: Wednesday, July 09, 2014, 19:41

Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 23 percent lower than the amount infused by them in the preceding fiscal, the Economic Survey said Wednesday.

Morgan Stanley private equity arm raises $1.7 bn Asia fund

Last Updated: Monday, July 07, 2014, 18:18

Morgan Stanley said its Asia private equity unit has raised USD 1.7 billion in its fourth Asia fund as it seeks investment opportunities in China and South Korea.

Proposal for Rs 1,000 minimum monthly pension approved: Govt

Last Updated: Monday, July 07, 2014, 15:22

Government has approved minimum monthly pension of Rs 1,000 under Employees Pension Scheme 1995 (EPS-95) run by the retirement body Employees' Provident Fund Organisation (EPFO), Parliament was informed Monday.

PFRDA asks funds to match Rel Capital's bid for pension corpus

Last Updated: Sunday, July 06, 2014, 14:13

The total assets under management is about Rs 56,000 crore comprising of both government and non-government employees' contribution.

AAP urges Najeeb Jung to change MLA fund spending law, threatens stir

Last Updated: Saturday, July 05, 2014, 20:39

Aam Aadmi Party on Saturday asked Lt Governor Najeeb Jung to change a "discriminatory" act that disallows MLAs from spending their funds for development work in group housing societies` areas here and threatened to launch a city-wide stir if its demand was not met.

Mutual Fund industry AUM rises by Rs 80,000 cr in Apr-Jun qtr

Last Updated: Wednesday, July 02, 2014, 14:14

Improved market sentiments helped mutual funds' assets under management (AUM) soar by Rs 80,000 crore or nine percent to Rs 9.85 lakh crore in the first quarter of the current fiscal.

EPFO launches online registration facility for firms

Last Updated: Monday, June 30, 2014, 17:04

Retirement fund body EPFO on Monday launched online registration facility for employers, a move that will help firms get employers' code within a day.

Mutual Funds' exposure to IT stocks hit 9-months low in May

Last Updated: Monday, June 30, 2014, 15:11

Fund managers' exposure to the software space has dropped to the lowest level in nine months to Rs 22,986 crore at the end of May, amid weakness in the sector.