SEBI Issues Framework For Advisory, Portfolio Management Services

Markets regulator Securities and Exchange Board of India (SEBI) has come out with a framework related to the¬†fees for investment advisory services for accredited investors. In addition to this, it has also issued guidelines on exit load charges applicable to the client of the portfolio manager. In August, SEBI had introduced the concept of “accredited investor” in investment advisers (IA) and portfolio managers rules. In a circular, the regulator said that in case of accredited investors, the limits and modes of fees payable to the IA will be governed through…

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Air Pollution: Delhi Issues Health Advisory

In the wake of alarming air quality in the national capital, the Delhi government on Monday issued a health advisory asking the residents to avoid visiting high pollution area. “People with chronic airway diseases like bronchial asthma and lung disease should avoided outdoor activities including morning and evening walks,” said the advisory. “In case of breathlessness, giddiness, chest pain or chest constriction or irritation in eyes, please visit the nearest hospital or dispensary or any physician,” it added, also appealing to people not to panic and help the needy patient…

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