TaxTMI 
TaxTMI 
Cabinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund
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....abinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund <br>News and Press Release<br>Dated:- 20-7-2017<br><BR>The Cabinet Committee on Economic Affairs, chaired by....
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.... the Prime Minister Shri Narendra Modi has authorized the Alternative Mechanism on the following: i. To take decision for divestment through Exchange Traded Fund (ETF) out of all the listed CPSEs inc....
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....luding CPSEs listed subsequently subject to GoI retaining 51% in these CPSEs; ii. To take decision on the divestment in respect of Public Sector Banks, other listed Public Sector Financial Institutio....
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....ns and Public Sector Insurance Companies (when listed) through ETF or other methods subject to GoI retaining 52%; and iii. To take decision on matters related to divestment through ETF like constitut....
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....ion of ETF portfolio; the price/net asset value at which share of listed companies forming the ETF basket will be placed by the Govt. for divestment at the disposal of the ETF provider (AMC); the ince....
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....ntive structure for investors - upfront discount, loyalty bonus etc.; and any other aspect of pricing and the mode of disinvestment as required to be taken by the Government.<BR> News - Press release ....
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....- PIB....