Guaranteed return NPS products in the pipeline: PFRDA chief

New pension fund managers, higher fund management charges in the offing You could get an opportunity to buy guaranteed return products from the National Pension System (NPS) for building your retirement corpus. So far, the NPS has remained a market-linked pension scheme. But Pension Fund Regulatory Authority of India (PFRDA) chairman Supratim Bandyopadhyay on Thursday said that an assured return ...

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READER POLL: Has Litigation Led to Change?

INDUSTRY TRENDS AND RESEARCH At times it seems that every plan in American with more than $1 billion in assets has fallen short of at least what the plaintiffs’ bar has sought to establish as prudent. This week, we asked readers how, if at all, their practices have adjusted. The retirement industry has been confronted with excessive fee litigation of ...

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MCX invites proposals for New Derivatives platform

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, aims to implement a new advanced Commodity Derivatives Platform (CDP) for its trading and clearing related services. Apropos to that MCX invites proposals from interested bidders for supply, installation, implementation, training, and support, etc. of the derivatives platform. The details and the Request for Proposal (RFP) documents would ...

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Penang Hill cable car project: RFP out next month

File pic. For illustration purposes only. GEORGE TOWN: The Penang government, through Penang Hill Corporation (PHC), is expected to call for a Request for Proposal (RFP) for the Penang Hill cable car project next month. Chief Minister Chow Kon Yeow (DAP-Padang Kota) said the project will proceed with cooperation from the private sector after the federal government announced in April ...

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How RFPs Contribute to Failed Digitization Efforts

The procurement strategies of the past are no longer enough to meet the demands of the ever-evolving technology-enabled world we live in. It’s estimated an average of only 22% of digital transformation efforts achieve the desired outcomes—something many government CIOs have experienced. While there are a number of factors that add to these failures—poor implementation, inadequate technology, or the wrong ...

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Prasar Bharati Cuts Ties With PTI, Says it Will Invite Bids from ‘Domestic News Agencies’

The move, which comes in the wake of official resentment over the news agency’s independent coverage, will hurt PTI financially but not be a body blow. The Press Trust of India building on Parliament Street, New Delhi. New Delhi: After voicing its unhappiness over the Press Trust of India’s independent coverage for some time now, the government-owned broadcaster Prasar Bharati has ...

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Comments on the RFP for Ft. Steilacoom redo of Kiddie Park

The City of Lakewood recently issued a Request for Proposal to replace the playground at Ft. Steilacoom that serves 2-5-year-olds. On “Replacement of the 2-5 year old playground” at Fort Steilacoom Park I wrote a comment in The Suburban Times concerning the City of Lakewood’s RFP announcement of for Fort Steilacoom Park All-Access Playground, their intent being the “replacement of the 2-5 year old playground” ...

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‘Procurement processes for fire trucks, stations on track’

The Philippine International Trading Corp. (PITC) on Wednesday assured Senate President Pro Tempore Ralph Recto that the procurement process for fire trucks and the fire station needs of the Bureau of Fire Protection (BFP) is on track. The assurance came after Recto voiced concerns on the government’s alleged failure to deliver “P3.27-billion worth of supplies, materials, and buildings” to the ...

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Mistry-led SP Group alleges ‘serious misconduct’ in Tata Sons’ Parliament project bid: Report

SP Group noted that participation of both Tata Projects and Tata Consulting Engineers in the bidding process is a violation of the Central Vigilance Commission (CVC) rules The Mistry family held Shapoorji Pallonji Group (SP Group) has alleged “serious misconduct” in the bid process for the Parliament redevelopment project that was allotted to Tata Sons in September 2020. The Group has ...

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BHEL Floats Tender for the Supply of Modules for a 32 MW Solar Project in Africa

The last date to submit bids is October 26, 2020 Bharat Heavy Electricals Limited (BHEL) has floated a tender for the manufacture and supply of about 32 MW of crystalline photovoltaic (PV) solar modules. The modules would be exported to Djermaya in the African nation of Chad. The government enterprise said that an earnest money deposit (EMD) was not required ...

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Work begins on the Srinagar-Leh Zojila tunnel 15 years after the project was first conceived

Highways minister Nitin Gadkari initiated virtual ‘ceremonial blast’ of the tunnel Thursday. Once complete, it will provide year-round connectivity between Srinagar and Leh. Representational image. A file photo of the Zojila pass in Jammu and Kashmir. New Delhi: Fifteen years after it was first conceived, work on the strategically crucial 14.5-km Zojila tunnel, connecting Srinagar to Leh with an all-weather road, ...

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FREEPORTS: HUBS OF ENTERPRISE TO ATTRACT MAJOR INVESTMENT

The UK Government has outlined its plans for Freeports around the country and expressed a desire for all the nations of the UK to share in the benefits of the hubs which it expects to attract major domestic and international investment. Insider is campaigning to back the various bids for Freeport status and to provide an in-depth guide to the different locations. ...

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New procurement procedures to manage unsolicited bids

Minister in the Ministry of Finance Ryan Straughn is promising greater order and transparency to how the Government deals with unsolicited bids. He disclosed that since the Mia Mottley administration came to office almost two and a half years ago, there have been several uninvited proposals from individuals to do a range of projects. This especially intensified during the height ...

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Covid-19 vaccines are coming: Are we adequately prepared?

Many vaccine challenges lie ahead that should be addressed now for an all-India vaccination plan to be rolled out smoothly, writes Montek Singh Ahluwalia As covid continues unabated, much hope is being placed on vaccines as key game changers. Things have indeed moved fast in this area. Instead of the 10 years that it normally takes to develop a vaccine, ...

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Boosting local industries: Government walks the talk

Finance Ministry issues new circular to all Govt. and State sector entities, listing preference to local manufacturers and suppliers when procurements contracts are awarded New procurement guidelines by far the most explicit and emphatic support to date by a government to local manufacturers and service providersThe move will help prevent the outflow of foreign exchange reserves, especially during crisis times but ...

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International bidders invited for desalination project

The plant at Perur along ECR is awaiting funds from World Bank Chennai metro water lorry image used for representational purposes only. CHENNAI: In four years, the city’s thirst will be successfully quenched as the Chennai Metro Water has invited international bidders to build a 400-MLD capacity seawater reverse osmosis desalination plant at Perur along the East Coast Road in ...

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Insider Campaign to Promote and Examine Freeport Bids – NE

Locations across the North East are among the sites vying for Freeport status as the UK Government looks to turbo-charge post-Brexit trade. Insider is launching a campaign to back the various bids and provide an in-depth guide to the different locations, outlining what their credentials are and what the long-terms benefits to the economy will be. Freeports, which are set ...

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India revises schedule for coal block auction

India has revised the timeline for awarding blocks to qualified bidders in its commercial coal mining auction, although the new schedule has not been announced yet. The coal ministry had previously planned to award the blocks by 9 November. The nominated authority for conducting the auction has sought “supplemental information” and “additional clarification” on the technical bids submitted by bidders, ...

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Nanny Goat Hill Finally Goes Out for Sale to Abutters

Few places in Charlestown are as fun to say as ‘Nanny Goat Hill’ – the steep non-building lots going down from Russell and Mead Streets – and now some lucky abutters might be able to not just say the name, but also own the property. Nanny Goat Hill harkens back to the days when Charlestown was more pastoral and more ...

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An Open Letter from Wlcac to Councilman Joe Buscaino

Councilman Joe Buscaino, CD 15, City of Los Angeles Mayor Eric Garcetti, City Attorney Mike Feuer, Carolyn Hull, General Manager, EWDD Danielle Brazell, General Manager, Cultural Affairs Subject: RFP BAVN 40211 MAFUNDI INSTITUTE Dear Councilman Buscaino; Timothy Watkins This urgent letter of protest is filed by the Watts Labor Community Action Committee in objection to the ongoing 1845 East 103rd ...

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