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English Release 31-July 2014
Date Month Year
  • President's Secretariat
  • Envoys of Five Nations present credentials to President of India
  • President of India to visit West Bengal and Telangana on August 1 and 2, 2014

  • Prime Minister's Office
  • PM highlights Finance Ministry's move to seek creative inputs for the Government's initiative on financial inclusion
  • PM writes to Afghan President
  • Department of Space
  • Indigenous Production of Cryogenic Engine
  • Technical Problems of GSLV
  • Min of Coal
  • Production of Coal
  • Increase in Coal Production
  • Loss of CIL from Underground Mines
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), June, 2014
  • Min of Defence
  • VLF Transmitting Station Commissioned at Tamil Nadu
  • Min of Earth Science
  • Low Temperature Thermal Desalination Technology Plant
  • Min of External Affairs
  • Third India-Africa Forum Summit
  • Outcome of Brics summit-2014
  • Meeting of Nepal-India Joint Commission
  • Indian Fishermen in Foreign Custody
  • Boosting of Bilateral Ties with China
  • Ministry of Finance
  • Clarification Regarding Acquisition and Transfer of Immovable Property in India by Foreign Nationals
  • Min of Home Affairs
  • Visit of Union Home Minister to Malin Village in Pune
  • Min of Micro,Small & Medium Enterprises
  • Shri Kalraj Mishra launches NSICs B2C Web portal for MSMEs www.msmeshopping.com
  • Min of New and Renewable Energy
  • Installation of Solar Panels on Roof Tops
  • Solar and Wind Potential in Desert Regions
  • Steps to Create Awareness Regarding Importance of Renewable Energy
  • Cost of Renewable Energy Projects
  • Min of Personnel, Public Grievances & Pensions
  • Awareness Programme Under Pensioner’s Portal
  • Review of Administrative Process
  • Process of Empanelment Before Appointment
  • ACC Appointments
  • Min of Petroleum & Natural Gas
  • Petroleum Minister calls upon the OMCs to pool their resources, technologies, experiences and best practices to be better prepared for the challenges of the future
  • Global crude oil price of Indian Basket decreased to US$ 106.12 per bbl on 30.07.2014
  • Min of Power
  • Equity Fund for Power Sector
  • Acquisition of Coal Mines Overseas
  • Amendment in Electricity Act, 2003
  • Ministry of Railways
  • Rs. 73,392 crore will be an Estimated Completion Cost of Railways’ Two Dedicated Freight Corridors, Excluding Sonnagar-Dankuni Section
  • Railways Plan to Provide wi-fi Facility at Major Stations and in Important Trains
  • Railways to Install 5000 more Automatic Ticket Vending Machines at Stations
  • Railways to Provide Rail Connectivity to all Capitals of North Eastern Region
  • Min of Road Transport & Highways
  • Toll Tax
  • Steps to Improve the Performance of NHAI
  • Min of Tribal Affairs
  • Schemes for Development of Tribes and Tribal Areas
  • National Committee on Forest Rights Act (FRA) Recommendations Highlights
  • Min of Urban Development
  • Municipal bodies not empowered as required, says Shri M.Venkaiah Naidu
  • Monkey and dog menace at Parliament House being tackled
  • Ministry of Water Resources
  • National Water Policy
  • Average Annual Water Availability for the Country has been Assessed as 1869 Billion Cubic Meters
  • Rs. 4680 crore Incurred on National River Conservation Plan
  • 17300 Exploratory Wells Constructed in Rain Deficient Regions
  • Rs.405 Crore Proposed as Central Assistance to the States for Drainage and Reclamation of Waterlogged Areas
  • 153 Flood Management Proposals Worth Rs. 6374 crore Approved
  • 764 Grossly Polluting Industries Indentified in Five States
  • Accelerated Irrigation Benefits Programme
  • Capacity Survey of 35 Resevoirs Complete
  • Rs. 6235 Crore Earmarked for Restoration of 10,000 Water Bodies
  • 162 Blocks Notified for Regulation of Ground Water Development in the Country
  • Three Proposals from States Included Under AIBP

  • Min of Women and Child Development
  • NRI Prospective Adoptive Parents to be Treated at Par with Resident Indians in the Proposed Revision of JJ Act
  • Financial Norms for ICPS Revised to Enhance the Quality of Services
  • Vacancy Position in Anganwadi Centres
  • Min of Youth Affairs & Sports
  • India won 4 Silver and 1 Bronze on day 7 of CWG 2014

Previous Date

 
Ministry of Labour & Employment29-July, 2008 18:0 IST
Central Board of Trustees select fund managers

      A special meeting of the Central Board of Trustees, Employees Provident Fund was held here today to decide on the issue of appointing a multiple fund managers to manage the provident fund monies.  The issue of multiple fund managers is under examination by the Board for more than two years.  In an earlier meeting, it was decided to appoint a professional agency to assist the EPFO through the process of appointing multiple fund managers.  M/s. CRICIL was appointed as a consultant.  After following rigorous scrutiny mechanism in a transparent and fair manner, the Committee of Officers short listed 17 out of 21 applicants for inviting request for proposals (RFP).  All the parties were informed of the requirements and technical parameters.  On examination of technical bid, 10 fund managers were shortlisted for financial bid.

            On opening the financial bid,   two fund managers among the shortlisted i.e. namely HDFC AMC, Birla Sun Life AMC., made a bid of 0%. Their bids were rejected after taking a legal advice and that zero bid would not constitute a valid contract.  The Board selected four fund managers on the basis of financial bid.  The fund managers selected and fee quoted by them are as follows:

1.         HSBC AMC                               0.0063%

2.         ICICIC Prudential AMC             0.0075%

3.         State Bank of India                  0.01%

4.         Reliance Capital AMC              0.01%

            It is expected that each year about Rs.30,000 crore would be available as incremental accretion to these fund managers. The monies be managed by them would be in a certain proportion that would be decided later.  Further they would also render custodial services for maintaining the previous investment currently held by SBI.

VBA/


(Release ID :40803)

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