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Finance Minister Arun Jaitley has announced a new exchange-traded fund

in National August 4, 2017 Comments Off on Finance Minister Arun Jaitley has announced a new exchange-traded fund 741 Views

Newdelhi:4/8/17:Finance Minister Arun Jaitley has announced a new exchange-traded fund (ETF) – Bharat-22 – to sell government stakes in 22 firms under its asset sale programme. The fund will trade government shares in 22 state-run companies, public sector banks and some private firms, Mr Jaitley said. ICICI Prudential will manage the fund, he added.

It will feature four banking stocks — SBI, Axis Bank, Bank of Baroda and Indian Bank — other than CPSEs such as Nalco, ONGC, IOC, BPCL and Coal India. Besides, there will be nine other PSUs as well as REC and PFC. SUUTI’s holding in ITC has also been included. 90 per cent of the equities included are traded in futures.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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