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PFRDA set to revise fee structure for pension fund managers from Apr

Bandyopadhyay said as as now the fund managers are charging only one basis point for every Rs 100 that they manage.
According to these slabs, for AUMs up to Rs 10,000 crore, the maximum investment management fee will be 0.09 per cent. From Rs 10,001-Rs 50,000 crore, the fee has been capped at 0.06 per cent; Rs 50,001-1,50,000 crore at 0.05 per cent and for AUMs crossing Rs 1,50,000 crore, the management fee will be 0.04 per cent.

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A new ‘double mutant ‘Coronavirus Variants “Of Concern” found In 18 states: Centre

These have been categorized as variants of concern(VOCs) but require the same epidemiological and public health response of “increased testing, comprehensive tracking of close contacts, prompt isolation of positive cases & contacts as well as treatment as per National Treatment Protocol” by the States/UTs,” the ministry said.

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One year of lockdown: Domestic aviation sector on recovery path, hiccups due to pandemic remain

Indian airlines are currently operating around 70-75 per cent of their pre-COVID domestic flights. India allows domestic carriers to operate maximum 80 per cent of their pre-COVID domestic flights currently. This cap is unlikely to go soon as a new wave of the virus is spreading in certain states.

”Last few days have seen a decline in the number of air passengers largely due to restrictions & imposition of compulsory RT-PCR test by various states. Due to this, we have decided to retain the permissible limit to 80 per cent of schedule,” Civil Aviation Minister Puri said a few days back on Twitter.

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One year since lockdown: India still recovering from unemployment blow

The data showed that the unemployment rate had peaked to 23.5 per cent in April and remained at 21.7 per cent in May. It started tapering off from June onward when it was recorded at 10.2 per cent in the month and further improved to 7.4 per cent in July.

However, the unemployment rate again rose slightly to 8.3 in August and improved to 6.7 per cent in September last year, as per CMIE data.

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Parliament approves Budget 2021, paves the way for LIC listing

Parliament cleared changes to the finance Bill 2021, doubling the minimum limit of employee contribution to provident fund to over Rs 5 lakh for the purpose of taxation with some riders, paving the way for the listing of Life Insurance Corporation (LIC), exempting Indian-owned assets sold on digital platforms from equalization levy, and giving tax holidays for the proposed development finance institutions (DFIs).

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