The Centre is considering imposing a price cap on imported tur dal to manage domestic prices due to concerns over monopoly suppliers like Myanmar and Mozambique. Consumer affairs secretary Rohit Kumar Singh warned the pulses industry of tough action in a meeting, expressing discontent over the bullish trend in tur prices. Wholesale prices of unprocessed tur had previously fallen but have now risen again. Challenges in imposing a maximum import price include the possibility of reduced imports, which could lead to losses for importers. There are also concerns about hoarding by Myanmar traders.
Bank of India Mutual Fund announced the launch of the Bank of India Multi Asset Allocation Fund. The scheme opened for public subscription on February 07, 2024, and will close on February 21, 2024.
The scheme is suitable for investors who are seeking low volatility in their portfolio and exposure to multiple asset classes with better returns. Also, investors may consider this fund as part of their allotment of emergency or contingency plans, due to the diverse nature of the fund.
Sundaram s Multi-Asset Allocation Fund garners ₹1,890 crore thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.