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‘Heavy inflows in equity ETFs and debt funds pushes mutual fund AUM up’

‘Heavy inflows in equity ETFs and debt funds pushes mutual fund AUM up’

Finance
A massive rally in the equity markets since May bringing in heavy inflows into equity ETFs and open-ended debt funds has helped mutual fund AUM grow 17 per cent to top the Rs 31-lakh-crore-mark in 2020, which is 1 percentage point lower than 2019, according to a report. During the year, the 44-player industry has added Rs 4.5 lakh crore to the AUM, while in 2019 it grew 18 per cent from Rs 22.86 lakh crore in 2018, when it had grown only 7.5 per cent, as per Crisil data. In 2017, the industry rallied 32 per cent and added over Rs 5.4 lakh crore in AUM. In the decade ending 2019, it had grown from Rs 8.52 lakh crore to Rs 27.6 lakh crore in 2019, an over three-fold jump. In December, the industry clipped at 3 per cent to take the overall AUM to Rs 31.02 lakh crore mark. "A buoyant run-up...
Covid-19: China pushes for QR code based global travel system

Covid-19: China pushes for QR code based global travel system

Technology
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Sudan pushes Ethiopia to resume stalled talks over Nile dam

World
Sudan is pushing Ethiopia to resume stalled U.S.-brokered negotiations over its disputed $ 4.6 billion dam on the Nile that officials say will start filling in JulyByThe Associated PressMay 12, 2020, 9:11 PM2 min read2 min readCAIRO -- Sudan is pushing Ethiopia to resume stalled U.S.-brokered negotiations over its disputed $ 4.6 billion dam on the Nile that officials say will start filling in July. In a letter to his Ethiopian counterpart Tuesday, Sudanese Prime Minister Abdalla Hamdok stressed the need to reach agreement among Egypt, Sudan and Ethiopia before the mega-project's completion, according to Sudan’s state-run news agency. Ethiopia has pledged to start filling the reservoir during the summer wet season. The dispute over what will be Africa’s largest hydroelectric dam pits Et
Australia pushes for independent virus probe as tensions climb with China

Australia pushes for independent virus probe as tensions climb with China

World
April 29 (UPI) -- Australian Prime Minister Scott Morrison endorsed an independent investigation into the origins of the coronavirus on Wednesday as tensions between the island nation and China continue to climb. During a press briefing in Canberra, Morrison told reporters that Australia is going to continue pushing for an independent review of the virus' origins and of China's early handling of the outbreak despite mounting criticism from the Asian nation. "This is a virus that has taken more than 200,000 lives across the world. It has shut down the global economy. The implications and impacts of this are extraordinary," Morrison said. "Now, it would seem entirely reasonable and sensible that the world would want to have an independent assessment of how this all occurred, so we can lear...
Cast says ‘Expanse’ pushes boundaries, reflects humanity

Cast says ‘Expanse’ pushes boundaries, reflects humanity

Entertainment
NEW YORK, Dec. 13 (UPI) -- The stars and showrunner of The Expanse said a diverse cast and the freedom of the sci-fi genre helped them reflect humanity and predict what it might look like centuries from now. Based on James S.A. Corey's novels, the critically acclaimed show kicks off its fourth season Friday. It follows the captain and crew of the spaceship Rocinante as they travel through a colonized solar system in which there is tension among the people of Earth, Mars and the asteroid belt. "Science fiction has always been something that's pushed boundaries, especially in representation," cast member Dominique Tipper recently said at New York Comic Con. "Our show is at the forefront of it and allows us to approach humanity in a different way because it is set in the future. I think it ...