Economics

Alternative Investment Funds (AIFs)

  Alternative Investment Funds (AIFs) are privately pooled investment vehicles in India that collect funds from sophisticated investors for investing in accordance with a defined investment policy. They are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Alternative Investment Funds) Regulations, 2012. Why in NEWS …

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Earth Summit

The Earth Summit, often referred to as the United Nations Conference on Environment and Development (UNCED), took place in Rio de Janeiro, Brazil, from June 3–14, 1992. This international conference brought together political leaders, diplomats, scientists, media representatives, and non-governmental organisations (NGOs) from 179 countries in an attempt to focus …

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Planters concerned with RCEP

‘More tariff cuts will worsen trade deficit in plantation commodities’ The United Planters’ Association of Southern India (UPASI) has said that plantation commodities should be kept out of the Regional Comprehensive Economic Partnership (RCEP), if India signs the agreement. AL. Rm. Nagappan, president, UPASI, said in a statement that in …

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‘Relaxed norms may boost tea tourism’

West Bengal allows 15% of land in a tea garden to be used for economic activities The tea industry in West Bengal is witnessing a major boost to employment with the State government’s relaxation of norms for use of leasehold land in a tea garden. The move may induce garden …

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Can’t intervene in Pak. denial of airspace: ICAO

The United Nations aviation watchdog, International Civil Aviation Organization (ICAO), is “not empowered to intervene” in the affairs of a country and will examine inputs from both India and Pakistan before it takes a decision to pursue the issue of denial of overflight to Prime Minister Narendra Modi’s aircraft during …

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‘Paid 97% of GST refunds due to MSMEs’

As much as 97% of GST refunds due to MSMEs (Micro, Small and Medium Enterprises) as of August 23 has been paid by the government, according to the Finance Ministry. In a status report on the implementation of measures announced by Finance Minister Nirmala Sitharaman in August and September, the …

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Indices up for fifth straight day

Positive momentum continued in the equity markets, with benchmark indices closing with gains for the fifth consecutive day. The BSE Sensex also touched its all-time high of 40,392.22 points before correcting to close at 40,129.05 , up 77 points or 0.19%, on Thursday. The top gainers in the Sensex pack …

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