India to each investment independently

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But since 1991, India has embraced economic policies that fall into line with standard capitalist policy: they’ve opened up to trade while embarking on deregulation and privatization. New Delhi has become increasinglycloseto Washington under the Trump administration as Indian leaders fear an ever more powerful China.

Both India and China are developing rapidly, and the world is watching. Although the two nations initially embraced socialist economics in the middle of the 20th century, India and China have very much gone their separate ways. As India moves towards a more traditional free-market system, China embraces a command economy while employing capitalism when convenient. The two countries operate under vastly different political and economic systems, and have vastly different goals internationally.


India’s newly elected government, with the Bharatiya Janat Party as the majority party, faces challenges to meet the country’s growing energy demand, to secure affordable energy supplies, and to attract investment for domestic hydrocarbon production and infrastructure development.

Petroleum and other liquids. In 2013, India was the fourth-largest consumer and net importer of crude oil and petroleum products in the world after the United States, China, and Japan. India’s petroleum product demand reached nearly 3.7 million barrels per day (bbl/d), far above the country’s roughly 1 million bbl/d of total liquids production. Most of India’s demand is for motor gasoline and gasoil, fuels used mainly in the transportation and industrial sectors, and for kerosene and LPG in the residential and commercial sectors.

Whether that be engaging in territorial disputes with Vietnam, the Philippines, Japan, and South Korea or sponsoring the One Belt One Road initiative across Eurasia, China appears to be building a profile as an alternative superpower to the capitalist West. While the Chinese continue to pursue trade ties with the world, the nation’s trade policies have led countries like the United States to accuse China of foul play through intellectual property theft or excess steel production.

India, on the other hand, has cozied up to the powers it once proudly ignored. As a key founder of theNon-Aligned Movementin the 1950’s and 60’s, India was instrumental in building a coalition of nations opposed to both American and Soviet influence.

India as an integral part of the British Empire”.

In 1919, the Government of India Act was introduced.

This introduced a national parliament with two houses for India.About 5 million of the wealthiest Indians were given the right to vote (a very small percentage of the total population)Within the provincial governments, ministers of education, health and public works could now be Indian nationalsA commission would be held in 1929, to see if India was ready for more concessions/reforms.

However, the British controlled all central government and within the provincial governments, the British kept control of the key posts of tax and law and order.

Many Tory MP’s in Britain were against the whole idea of giving anything whatsoever to India in terms of self-government. They had two complaints about the whole idea:

1.

SECURITIESANDEXCHANGE BOARD OFINDIA

SEBI INVESTOR EDUCATION PROGRAMME

(PORTFOLIO MANAGERS)

1. Who is a Portfolio Manager?

A portfolio manager is a body corporate who, pursuant to a contract or arrangement with a client, advises or directs or undertakes on behalf of the client (whether as a discretionary portfolio manager or otherwise), the management or administration of a portfolio of securities or the funds of the client.

2.

At the most recent gathering of China’s National People’s Congress, representatives voted almost unanimously to abolish term limits for the presidency. This move could allow Xi to stay in power indefinitely if he so chooses.

The government still has a very visible hand in the market, too. China’s state-run businesses remain a massive portion of the economy and wield huge power.

While there is much concern over China’s corporate debt (clocking in at165% of GDP), Western commentators often forget that much of that debt can simply becancelledby the government, especially liabilities owed to domestic financial institutions like state-run banks. Under Xi, a record number of private businesses arerevisingtheir corporate charters to allow for a specified role for the Communist Party within their companies.

Over the next decade China also took steps to allow greater convertibility of the Yuan, opening up the country to far greater trade. The Middle Kingdom began a $500 billion bank bailout in 1998 to strengthen its financial sector and finally joined the World Trade Organization (WTO) in 2001. As a result the country opened up to foreign investment and began domestic economic liberalization, further strengthening private enterprise.

By 2006, the private economy finallyeclipsedthe public economy in its share of GDP. Under the leadership of President Xi Jinping since 2012, China has continued its economic ascent.

Yet despite its strides towards economic liberalization, China remains an oppressive one-party dictatorship. Just look at all thestate censorship of memesrelating Xi Jinping to Winnie the Pooh.

LNG to meet domestic demand. India ranked as the fourth-largest LNG importer following Japan, South Korea, and China in 2013, and it accounted for nearly 6% of the global market, according to data from IHS Energy. In 2012, LNG imports, mostly from long-term contracts with Qatar, accounted for about 29% of India’s 2.1 trillion cubic feet (Tcf) of consumption. Natural gas mainly serves as a substitute for coal in electricity generation and as an alternative for liquefied petroleum gas and other petroleum products in fertilizer production and other sectors in India.

Coal. Coal is India’s primary source of energy (equaling 44% of total energy consumption), and the country ranked as the third-largest global coal producer, consumer, and importer of coal in 2012.

13. What is the disclosure mechanism of the portfolio managers to their clients?

The portfolio manager provides to the client the Disclosure Document at least two days prior to entering into an agreement with the client.

The Disclosure Document contains the quantum and manner of payment of fees payable by the client for each activity, portfolio risks, complete disclosures in respect of transactions with related parties, the performance of the portfolio manager and the audited financial statements of the portfolio manager for the immediately preceding three years.

Please note that the disclosure document is neither approved nor disapproved by SEBI nor does SEBI certify the accuracy or adequacy of the contents of the Documents.

14.

Despite this development, the conference achieved little as it broke down over an issue that was to haunt India in future years – religion. Those present at the second conference, argued and failed to agree over what the representation of Muslims would be in an independent Indian parliament.

In 1935, the Government of India Act was introduced. Britain, at this time, had a National Government and progress was made over India purely because Stanley Baldwin, the Tory leader, and Ramsey-MacDonald, the Labour leader, agreed on a joint course of action.
Winston Churchill was bitterly opposed to it.

Is there any specified value of funds or securities below which a portfolio manager can’t accept from the client while opening the account for the purpose of rendering portfolio management service to the client?

The portfolio manager is required to accept minimumRs. 5 lakhs or securitieshaving a minimum worth of Rs. 5 lakhs from the client while opening the account for the purpose of rendering portfolio management service to the client.

Portfolio manager can only invest and not borrow on behalf of his clients.

11. Are investors required to open demat accounts for PMS services?

Yes. For investment in listed securities, an investor is required to open a demat account in his/her own name.

12.

Mumbai: Only 33 per cent women take independent investment decisions compared with 64 per cent men, DSP Winvestor Pulse survey has showed.

The survey, which was conducted by DSP Mutual Fund in association with research agency Nielsen, covered 4,013 women and men across eight cities.

The survey included participants who are working or have worked for at least two years in the past.

The study showed that out of the women who took their own investment decisions, 33 per cent did so due to encouragement by their husbands, while 24 percent did so as their parents encouraged them. Only 30 per cent of women who made their own investment decisions did so themselves.

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