Indian

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

Mar 25, 2021

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.

Authentication platform Prove acquires MEDICI Global

Mar 24, 2021

MEDICI Founder and CEO, Aditya Khurjekar said “We built our platform to enable at-scale innovation in fintech with domain depth and ecosystem-wide engagement. The MEDICI team is looking forward to bringing our passion for this space to Prove in the next phase of the company’s growth journey.”

India reports 47,262 new COVID-19 cases, 275 deaths in last 24 hours

Mar 24, 2021

With 2,31,942 active coronavirus cases, Maharashtra continues to remain the most affected state. 22,47,495 recovered from the disease while 53,589 people died in the state

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

Mar 24, 2021

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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