Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

Government launches BHARAT-22 Exchange Traded Fund

The Union Government launched BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs. 8,000 Crore.

Bharat 22 Index comprise of 22 stocks including those of central public sector enterprises (CPSEs), public sector banks (PSBs) and its holdings under the Specified Undertaking of Unit Trust of India (SUUTI).

Key Facts

ETF has been created Index S&P BSE BHARAT-22 INDEX. It is unique blend of shares of key CPSEs, Public Sector Banks (PSBs) and also Government owned shares in blue chip private companies. It is well-diversified ETF spanning six sectors — basic materials, energy, finance, industrials, FMCG and utilities with a 20% cap on each sector and a 15% cap on each stock.

The sector wise weightage in the Bharat 22 Index is basic materials (4.4%), energy (17.5%), finance (20.3%), FMCG (15.2%), industrials (22.6%), and utilities (20%). This combination makes the Index broad-based and diversified. It has retirement fund as separate category of Investors.

The banking segment includes stocks from State Bank of India (SBI), Axis Bank, Bank of Baroda (BoB), Indian Bank, Rural Electrification Corporation and Power Finance Corporation. The energy segment includes Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC), Bharat Petroleum (BP), and Coal India.

The BHARAT-22 ETF is expected to benefit long term and retail investors by providing an opportunity of participation in equity stocks of Government run companies and earn stable returns. It will help to speed up Government’s disinvestment programme budgeted to raise a record Rs 72,500 crore in the FY 2018.

Exchange Traded Fund (ETF)

ETF is index funds that offer the security of a fund and liquidity of stock listed and traded on exchanges. Much like index funds they mirror the index, commodity, bonds or basket of assets. They are similar to mutual funds in a certain manner but are more liquid as they can be sold quickly on stock exchanges like shares. The ETFs trading value is based on the net asset value of the underlying stocks that it represents. Their price changes daily as they are traded throughout the day.

 

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15th Asia Pacific Computer Emergency Response Team Conference held in India

The 15th Asia Pacific Computer Emergency Response Team (APCERT) Conference was held in New Delhi. It is first ever conference to be held in India and South Asia.

It was organised by Indian Computer Emergency Response Team (CERT-In) under the aegis of Ministry of Electronics & Information Technology.

Key Facts

The theme of conference was “Building Trust in the Digital Economy”. 300 delegates from 21 economies especially from Asia Pacific region, USA, Europe, Industry, Academia, Government and Media attended the conference.

This conference covered contemporary topics around strategies of CERTs, Technology and Instruments for building trust in digitally evolving economies and best practices for handling cyber security in mobile and social media.

Asia Pacific Computer Emergency Response Team (APCERT)

APCERT is coalition of CERTs (Computer Emergency Response Team) and CSIRTs (Computer Security Incident Response Teams) located in Asia Pacific region. It operational mandate is to contribute to the Internet security with in the region, based on information sharing, trust and cooperation. Currently, APCERT consists of 30 Operational Members from 21 economies and 3 Supporting Members. It aims to help create a safe, clean and reliable cyber space in the Asia Pacific Region through global collaboration.

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