By midday on Tuesday, the council said insurers had received 285 claims from people affected by bushfires on the New South Wales mid-north coast, with initial losses estimated at $31.5 million. But three hours later that figure jumped to $40 million after another 75 claims were received. “More claims expected in coming weeks,” it tweeted. Bushfires have ravaged drought-stricken Taree, on the NSW mid-north coast. Picture: Peter Parks/AFPSource:AFP A state of emergency was declared in New South Wales on Monday. Picture: Peter Parks/AFPSource:AFP The council declared the bushfires a “catastrophe” on Saturday following reports that more than 100 homes had been lost. “The catastrophe declaration means claims from these bushfires will be prioritised by all insurers, and they will be focusing on reducing the immense emotional and financial stress experienced by residents and businesses,” the council’s head of risk and operations, Karl Sullivan, … [Read more...] about Bushfires estimated to cost more than $40 million, Insurance Council says
Higher education funding council for wales
Chandigarh: Haryana government led by Chief Minister Manohar Lal Khattar has constituted an Economic Advisory Council (EAC) to promote industries in the state and address issues related to various issues and policies of economic development. A notification to this effect has been issued by the Industries and Commerce Department, said a government spokesman, adding the EAC will comprise membership-based advisory panel and will be headed by the Chief Minister, while various representatives of the government, industry and academia sector have also been included in the panel. The Finance Minister, Industries Minister and Chief Secretary will be the members of the EAC. apart from this, Additional Chief Secretary/ Principal Secretaries of Finance, Town and Country Planning, Power, Revenue, Excise and Taxation, Labour, Environment and Industries, MD, HSIIDC and Director, Director General, Industries and Commerce, Haryana, have been included in the panel. The spokesman said that members of the … [Read more...] about Haryana government sets up Economic Advisory Council to promote industries
Two AMCs, Axis Mutual Fund and Mirae Asset Mutual Fund, generated fabulous returns in various time-horizons in the last five years even as most fund houses struggled to stay afloat. Equity schemes of both the fund houses have been doing very well in one-, three-, and five-year horizons. Don’t you want to know where these fund houses have invested in the current market. Or how they have changed their portfolio in the last one month. Perhaps reading about their entry and exit in stocks, or increase and decrease in their allocations might give you some investment ideas as well. Axis Mutual fund has majorly invested in the financial space, including private banks and a few select NBFCs. The top performing fund house’s top holdings include HDFC Bank, where it increased number of shares held by 4.69%. The AMCs total investment in HDFC Bank stood at Rs 4,366 crore as on 31st October. The AMC also reduced its number of shares held in Bajaj Finance by around 10%. The stock fell … [Read more...] about Here’s where the highest return generating mutual funds invested in October
I am investing in the following mutual funds:Mirae Asset Emerging Bluechip Fund: Rs 5,000Axis Bluechip Fund: Rs 5,000HDFC Top 100 Fund: Rs 5,000 HDFC Small Cap Fund: Rs 3,000HDFC Equity Fund: Rs 5,000All these investments are in direct, growth plans. I am thinking of stopping my investments in HDFC Equity Fund and start investing in Axis Focused 25 Fund. I am a moderate risk investor and the horizon is about seven years. I can allocate additional Rs 5,000 per month. -Nilanjana We typically ask moderate equity investors to invest mostly in multi cap mutual funds. If the investor wants to diversify to reduce the risk, she can take a small exposure to large cap mutual funds. You are currently investing in two large cap schemes, a large & mid cap fund, small cap fund, and multi cap scheme. Large & mid cap schemes and small cap schemes are not meant for moderate equity investors. They are suited for investors with a very high risk appetite. Reevaluate your risk profile and look … [Read more...] about Should I stop my investments in HDFC Equity Fund?
India will host the 19th Council of Heads of Government of the Shanghai Cooperation Organisation next year, the first such high level meeting of the eight-member grouping to be organised by New Delhi after its admission to the bloc in 2017, SCO Secretary General Vladimir Norov said on Tuesday.The SCO is a China-led eight-member economic and security bloc, in which India and Pakistan were admitted as full members in 2017. Its founding members included China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.“I would like to say that in 2020, India will host a meeting of the Heads of Government for the first time,” Mr. Norov said here on Tuesday while briefing the media on the outcome of the 18th meeting of SCO’s Heads of Government Council held at Tashkent earlier this month. Defence Minister Rajnath Singh represented India at the summit in Tashkent. The SCO has four observer States, namely Afghanistan, Belarus, Iran and Mongolia. It has six dialogue partners, … [Read more...] about India to host 19th SCO Heads of Government Council next year: Vladimir Norov