TI Mutual Fund, the largest independent asset management company in the country, has approached the government to set up a sub-fund under the finance ministry\'s National Investment and Infrastructure Fund (NIIF). NIIF is a government-sponsored fund that was announced in the Budget in February 2015 with an initial corpus of Rs. 20,000 crore. The main objective of the fund is to kick-start stalled infrastructure projects, which could be commercially viable, and also to develop new projects in this sector.
Under the structure that is being proposed by the ministry, the government will infuse the initial Rs. 20,000 crore into NIIF, which will put money into several sub-funds. In turn, these sub-funds will attract additional equity investments from other entities - domestic and foreign - and invest the aggregate corpus in domestic companies for growth.
Researchers have spotted an extrasolar planet about 117 light-years from Earth that boasts the most eccentric orbit yet seen.
The planets in our solar system have nearly circular orbits, astronomers have discovered several extrasolar planets with highly elliptical or eccentric orbits.
The extrasolar planet HD 20782 has the most eccentric orbit known, measured at an eccentricity of .96.
This means that the planet moves in a nearly flattened ellipse, traveling a long path far from its star and then making a fast and furious slingshot around the star at its closest approach.
Uttarakhand Governor Asked Govt. to Prove Majority
Uttarakhand Governor K. K. Paul asked the Harish Rawat-led state government to prove majority in the House by March 28.
Rawat made the demands during a Cabinet meeting to discuss the crisis. Rawat\'s government is hanging precariously after nine Congress rebel MLAs withdrew their support, giving the BJP a clear lead in the Assembly.
According to reports, both Attorney General Uniyal and rebel minister Rawat have been removed from their posts by the government.
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