Sunday, March 08
Mumbai: More banks are expected to enter the pension fund management space as the Pension Fund Regulatory and Development Authority (PFRDA) looks to widen participation and deepen the investment universe for retirement savings.PFRDA chairman Sivasubramanian Ramann said while two banks have shown interest, others are in the process. When regulations were first framed around 2012-13, asset management experience was largely limited to mutual funds and insurers, he said.Banks, however, manage substantial treasury portfolios and possess adequate investment expertise, he added. "The application window remains open until March 31," he said.Two banks have already shown interest. Bank of Baroda and ICICI Bank's applications have come, Axis Bank's is a work-in-progress, and a consortium led by Union
Every child in our son's school was given a memory chest in kindergarten which they filled with memorabilia through their 13-year journey. Looking back on those years through what our kids thought was significant enough to be stored away in the boxes revealed so much about their evolution from tots to teenagers. I remembered that time capsule this week as I opened a couple of dusty Air India 'attache cases' that had been lying under the bed for quite a while now. They belonged to my mother, who found their compact size the perfect receptacle for the bits and bobs that she wanted to store safely given the peripatetic nature of her life as a diplomat's wife/ mother / political worker. Going through it six years after she passed away, I connected almost each item inside with a memory, either
President Donald Trump's second term has been punctuated by blunt, sometimes shocking statements about foreign policy. He regularly reduces global relations to a simple binary: who has been "nasty" and who has been "nice." Trump often appears to be driven not by national interests alone, but by the perceived slights he references. And even on a global scale, his attitudes reflect a fixation on a single subject: himself. As the president ruminates on the role the United States plays in the world, diplomatic details are less important than Trump's own influence. He even raises impossible-to-prove counterfactuals, saying the 2022 start of the war in Ukraine and the Oct. 7, 2023, Hamas attack on Israel would not have happened if he had been president. It is difficult to predict what the remain
