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Paid News issue raised in Rajya Sabha under Calling Attention Motion

The ‘Paid News’ issue was raised in Rajya Sabha today under Calling Attention Notice tabled by Shri Sitaram Yechury regarding the role of print and electronic media indulging in paid news in disguise as news. The text of Minister of Information & Broadcasting Smt. Ambika Soni’s statement made in response to the Calling Attention Notice is as follows:
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SEBI likely to lower the fund management charges and introduce stricter compliance standards

The mutual funds advisory committee, which met on Friday, has recommended that asset management companies lower the fund management fee from the present level. Fund houses currently charge 1.25 per cent as asset management charges for the first Rs 100 crore (Rs 1 billion) garnered by a scheme, and 1 per cent thereafter.
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