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English Release 24-July 2014
Date Month Year
  • President's Secretariat
  • President of India condoles the loss of lives of school children in a bus accident in Telangana
  • President of India inaugurates bank and post office at their new locations in the President’s estate
  • Prime Minister's Office
  • Nagaland Governor calls on PM
  • PM condoles loss of lives in accident in Medak district
  • Delegation from Aga Khan Foundation meets PM
  • Department of Atomic Energy
  • Production of Atomic Energy in Gujarat
  • Preparation of Nuclear and Radiation Safety Policy
  • Facilities for Workers in Atomic Projects
  • Concern Over Nuclear Liability Law
  • Rare Earths in Kollam
  • Department of Space
  • Launching of Mars Orbiter Mission Spacecraft
  • Launching of SAARC Satellite
  • Problem of Waste Deposits in Space
  • Space Projects Initiated/Pending Completion
  • Min of Civil Aviation
  • Civil Aviation Minister Directs Officials to Improve Maintenance at Chennai Airport
  • Min of Coal
  • Import Policy for Coal
  • Projects of CIL
  • Min of Defence
  • MALABAR – 2014
  • Min of External Affairs
  • Strengthening of India-Asean ties
  • Revisiting of nuclear liability bill
  • Hiring of consultants for business promotion
  • Complicated procedure for passports
  • Text of the Statement on Calling Attention Motion on "Situation Arising out of Indians Stranded in Iraq and Steps Taken by the Government in this Regard" in the Lok Sabha by the Minister
  • Ministry of Finance
  • Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year
  • Government Approves 19 Proposals of Foreign Direct Investment (FDI) Amounting to about Rs. 2326.72 Crore
  • Special Arrangements Made for Accepting Returns of Income
  • Min of Minority Affairs
  • Social and Educational Uplift of Minorities
  • Scholarship to Students of Minority Community
  • Setting up of Minority Commission
  • Min of New and Renewable Energy
  • Setting up of Biogas Plants
  • Production of Bio-Compressed Natural Gas
  • Jawaharlal Nehru National Solar Mission
  • Installation of Solar Water Pumps
  • Min of Overseas Indian Affairs
  • Support to Indian workers overseas
  • Problem due to weak immigration laws
  • Legal assistance to overseas Indians
  • Complaints against fraudulent recruiting agents
  • Centre to help Indian workers abroad
  • Min of Personnel, Public Grievances & Pensions
  • Combined Medical Services Examination, 2014
  • Special Cadre for Super Specialist Doctors
  • Award to Industrious Government Staffers
  • Min of Petroleum & Natural Gas
  • Delhi MPs meet the Petroleum and Natural gas Minister to discuss PNG issues
  • Global crude oil price of Indian Basket decreased to US$ 105.56 per bbl on 23.07.2014
  • Min of Power
  • Privatisation of Electricity Production
  • Power for All
  • Steps Taken To Increase Power Production
  • Ministry of Railways
  • Advance Booking of Reserved Train Tickets
  • Advance Booking of Reserved Train Tickets
  • Modernisation of Railway Network
  • Running of Summer Special Trains
  • Development of Railway Stations for Tourism
  • Emergency Medical Facilities in Trains
  • Min of Social Justice & Empowerment
  • National Commission for Backward Classes
  • National Overseas Scholarships for SC's
  • Legislature on Eradication of Manual Scavenging
  • Drug Abuse among Citizens
  • Min of Statistics & Programme Implementation
  • Review of Function of MPLADS
  • Ministry of Water Resources
  • Narmada Canal Project
  • Ganga Manthan
  • Areas under Water Bodies
  • Water Logging and Salinity in Command Areas
  • Availability of Surface and Ground Water
  • Indo-Nepal Joint Ministerial Commission on Water Resources
  • Flood Management
  • Min of Women and Child Development
  • Two lakh Anganwadi Centre Buildings approved for construction by Government in 12th Plan
  • Logo Design Competition launched for ‘Beti Bachao Beti Padhao’ Campaign

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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