Hybrid Fund A hybrid fund is one that invests in both equity and bonds. So, such funds ought to help investors with their asset allocation decision. This refers to how you allocate your annual savings between equity and bond investments. Suppose you are unsure of the proportion of equity and bond investments to have in …
ESG funds are witnessing a growing interest in the Indian mutual fund industry these days. What are the ESG funds? ESG means using Environmental, Social and Governance factors to evaluate companies and countries on how far advanced they are with sustainability. ESG investing is used synonymously with sustainable investing or socially responsible investing. While selecting …
The government has set up the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to deal with any kind of emergency or distress situation like posed by the Covid-19 pandemic. The Fund is a public charitable trust with the Prime Minister as its Chairman. Other Members include Defence Minister, Home Minister and Finance Minister. The Fund enables micro-donations as a result …
GST Compensation Cess GST Compensation Cess is levied by the GST Act 2017. The object of levying this cess is to compensate the states for the loss of revenue arising due to the implementation of GST on 1st July 2017 for a period of five years or such period as recommended by the GST Council. Compensation cess is levied over …
What is an Alternative Investment Fund(AIF)? Alternate investment funds(AIFs) are defined under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. It refers to any privately pooled investment fund(whether from Indian or foreign sources) established or incorporated in India for investing it in accordance with a defined investment policy. An alternative investment is …
SWAMIH Fund: SWAMIH Fund is a government-backed investment fund set up in the year 2019. Purpose: The fund was formed to provide relief to developers that require funding to complete a set of unfinished projects. Consequently, it will also ensure the delivery of homes to the home-buyers. Type: The fund has been set up as a Category-II …
The Union Cabinet approves the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN). This program will ensure access to universal & affordable health care through a fund that does not lapse at the end of the financial year. Features: It has been set up as a single non-lapsable reserve fund for a share of Health. It will …
Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) – UPSC Prelims Read More »
Contingency Fund of India: Art. 267 of Constitution provides for Contingency Fund of India for Unforeseen events /disaster. Parliament approval is “subsequently” obtained, after expenditure. Money is then refilled from Consolidated fund of India. This fund is deemed to be under the President of India & is operated by Finance Secretary (IAS) under department of …
FAIDF: To double farmers’ income by 2022 the Cabinet Committee on Economic Affairs (CCEA) has approved creation of FAIDF recently. The proposal for creation of fund was made in budget 2018-19. Salient features of the fund The main aim is to boost fish production to achieve the target of producing 15 million tonnes of fish …
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Under Disaster Management Act 2005, a financial mechanism has been set up by way of National Disaster Response Fund (NDRF) at national level and State Disaster Response Fund (SDRF) at state level to meet rescue and relief expenditure during any notified disaster. SDRF has been constituted in each State in which Centre, so far, had …