Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
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Kerala requires a Department of Design for the state to emerge as a creative hub of the world, experts at a three-day international event here said. Such a set-up can enable the government to focus on the state's strengths in the field of design and resolve pertinent deficiencies, they said in a panel discussion at the Kochi Design Week that concluded on Saturday.Experts were addressing a session on 'Kerala as Creative Hub of the World' on the second day of the December 12-14 KDW, organised chiefly by the government to chart a long-term development mission for the state through futuristic design and architecture.Moderating the discussions, National Institute of Design former director Pradyumna Vyas said Kerala's strengths in the area of IT and digital competencies, tourism, heritage and culture make it a strong contender for being the creative hub of the world.Close "The government, policymakers and bureaucrats are promoting creative activity in a big way, as can be seen from the way … [Read more...] about Kerala requires Department of Design to become creative hub of world: Experts
Increasing teenage pregnancy and other health issues in that age group are of great concern for the government, Union Health Minister Harsh Vardhan said on Saturday and stressed on the need for making adolescents healthy to harness the country's demographic dividend. At the inauguration of a workshop -- 'Investing in Adolescent Health: Harnessing the Demographic Dividend' -- he said adolescence is a critical phase in developing potential in a person and making investments in this age group will be the best way to leverage India's advantage of having a young population."The ongoing levels of teenage pregnancies and child marriages in certain pockets across the country is a cause for great concern, and taking sexual and reproductive health services out of the clinics to India's adolescent population will be the way forward," the Union minister said.Vardhan addressed the workshop, organised by the Observer Research Foundation and the Ministry of Health and Family Welfare, via video … [Read more...] about Child marriage, teenage pregnancy cause of great concern for govt: Union health minister
Indonesian Foreign Minister Retno Marsudi on December 13 said India joining the RCEP will send a powerful signal to the world that ASEAN and New Delhi remain committed to a free and fair multilateral trading system amid rising protectionism.Speaking at the Third Annual Developing Country Forum organised by South Centre and Research and Information System For Developing Countries — a think tank focussed on global economic issues — she said ASEAN and India have experienced positive economic growth above the global economic growth."To ensure that we continue this positive trend in midst of a rising trend of protectionism, ASEAN and India economies should continue to uphold an open and inclusive strategic outlook," the Indonesian foreign minister said.Close "ASEAN and India partnership should remain committed to promoting a win-win and a zero-sum paradigm. The conclusion of RCEP will send a powerful signal to the world that ASEAN and India remain committed to an open, free … [Read more...] about India joining RCEP will send signal its commitment to multilateral trading systems: Indonesia
A high-level delegation led by Minister of State for Consumer Affairs, Food and Public Distribution Raosaheb Patil Danve on December 14 left for Australia in pursuance of a collaborative project on consumer protection. The delegation will take part in phase two of the Australia-India Collaborative Consumer Protection Project under Sydney University, an official statement said.Under the funding from the Australia-India Council (AIC), established in 1992, and the support from the Department of Consumer Affairs, the Sydney University has undertaken the consumer protection project.The project will be implemented in four stages -- workshops and round-table in New Delhi (by Sydney University), followed by a high level delegation from India to Australia.Close The third stage is the secondment of one person from India to Australia to the Australian Competition and Consumer Commission, while the fourth stage is specialised workshops in New Delhi, it added. related news Chidambaram … [Read more...] about Indian delegation leaves for Australia for consumer protection project