Latest news with #VikasGarg
Time of India
2 days ago
- General
- Time of India
Water storage in Isarda dam from July 30
Bhilwara: With construction of the Isarda dam project on the Banas River nearing completion, the irrigation department has issued orders for starting water storage from July 30. As per the initial plan, preparations are on to have the dam filled up to 3.27 TMC (thousand million cubic feet) out of its 10.77 TMC capacity. Constructed at a cost of Rs 615 crore, Isarda dam will supply water to seven towns and 1,256 villages in Dausa and Sawai Madhopur districts. It is the second largest in Tonk district after Bisalpur, which has a capacity of 38.800 TMC. Strategically positioned between Banetha and Isarda villages on the Tonk-Sawai Madhopur border, the dam features a 600-metre concrete structure with 28 gates. Water levels can reach a height of 262 RL metres, addressing the water needs of the region. Despite multiple deadline extensions, the dam is now completed nearly 95%. Keeping the monsoon rains in view, the Water Resources Department has ordered that from July 30, water will be stored in phases in the Isarda dam until Sept 15, marking a significant milestone for the project. Executive engineer of the Isarda Dam Project, Vikas Garg, told TOI, "Now, water is released daily from two gates of the Bisalpur Dam into the Banas River. The irrigation department in Jaipur has issued orders to stop water in the Isarda dam in phases until Sept 15. For the first time, water will be retained in the dam starting July 30, and we are fully prepared to do so." The dam is a critical part of the Eastern Rajasthan Canal Project (ERCP), with plans to channel water from Isarda to the Ramgarh dam.
Time of India
7 days ago
- Business
- Time of India
Isarda Dam set for first water storage as work wraps up
1 2 Bhilwara: The Rs 615 crore Isarda Dam project on the Banas River is approaching a significant milestone as officials prepare to store water for the first time, pending state govt's approval. The project, which is now 95% complete, promises to transform water accessibility for seven cities and 1,256 villages across the Dausa and Sawai Madhopur districts. Executive engineer Vikas Garg confirmed that preparations are complete to store 3.27 TMC of water in Isarda Dam once the gates of Bisalpur Dam, which has nearly reached its capacity this monsoon season, are opened. "We are fully prepared for the initial water storage phase and are awaiting instructions from the state govt," Garg said. The dam, featuring 28 gates and a 600-meter concrete structure, is Tonk district's second-largest after Bisalpur Dam. The project includes approximately 5-km of earthen dam construction on both sides and is designed to store up to 10.77 TMC of water at full capacity. Following the dam's 95% completion, inspections have been carried out by the State Dam Safety team. Currently, officials are waiting for the Central Water Committee of the central govt to conduct their assessment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Despite facing multiple delays and four deadline extensions since its inception in 2013, the project has seen its budget revised from the initial Rs 530 crore to Rs 1,856 crore, including compensation costs. The State Dam Safety Team has already conducted its inspection and the project now awaits final approval from the Centre govt's CW Committee. The dam is expected to play a crucial role in the Eastern Rajasthan Canal Project (ERCP), with future plans including water transfer to Jaipur's Ramgarh Dam. "This infrastructure will significantly impact the region's water security and drinking water availability," added Garg. The completion of this long-awaited project marks a significant step forward in Rajasthan's water management infrastructure, promising improved water security for millions of residents in the region.
Time of India
03-07-2025
- Business
- Time of India
NFO Alert: Invesco Mutual Fund launches Income Plus Arbitrage Active Fund of Fund
Live Events Invesco Mutual Fund has announced the launch of its new fund Invesco India Income Plus Arbitrage Active Fund of Fund , an open-ended fund of fund scheme investing in units of actively managed debt-oriented schemes and equity arbitrage new fund offer or NFO of the fund is open for subscription and will close on July Read | Record inflow of over Rs 15,000 crore in May. What is making arbitrage mutual funds gain investors' interest? The fund is designed to provide investors with a smarter and simpler alternative to traditional debt investments, according to a press release by the fund fund aims to generate income by investing in a dynamic mix of actively managed debt-oriented schemes and equity arbitrage schemes, offering a unique blend of stability, tax efficiency, and operational ease. The fund is ideal for investors seeking low-risk income with enhanced tax efficiency in the long term, the release 60-65% will be invested in debt-oriented schemes, with a primary focus on Invesco India Debt Fund, based on market opportunities in high-quality corporate bond funds that invest in AAA-rated corporate bonds and sovereign the current market dynamics, large allocation will be done in Invesco India Corporate Bond Fund (allocation to debt schemes will be less than 65%) which as of now provides participation in AAA rated corporate bonds largely in 2-5 year space and G-Sec in 5-15 year fund will invest 35–40% in Invesco India Arbitrage Fund, which captures price differentials between cash and derivatives markets with fully hedged equity held for over 24 months are taxed at a 12.5% long-term capital gains rate, compared to traditional debt funds taxed at slab rates, the release Read | JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing 'With the evolving investment landscape, conservative investors are seeking options that align with their risk tolerance while enhancing tax efficiency. As the fixed income market remains in a sweet spot, the Invesco India Income Plus Arbitrage Active Fund of Fund offers a smart alternative to traditional debt investments—an efficient combination of arbitrage and fixed income strategies that provides relatively lower risk & a better tax efficiency,' said Vikas Garg , Head of Fixed Income & Fund Manager, Invesco Mutual minimum investment amount during the NFO is Rs 1,000 and in multiples of Re 1 thereafter. For SIP investments, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. No exit load will be charged to investors.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
02-07-2025
- Business
- Business Upturn
Invesco Launches New Low-Risk Fund with Better Tax Benefits
Invesco Mutual Fund has launched a new fund called the Invesco India Income Plus Arbitrage Active Fund of Fund. This fund aims to offer investors a smart and simple alternative to traditional debt investments by combining the benefits of debt and arbitrage strategies. The fund invests around 60–65% in debt-oriented schemes, mainly in high-quality AAA-rated corporate bonds and government securities, with a focus on the Invesco India Corporate Bond Fund. The remaining 35–40% is allocated to the Invesco India Arbitrage Fund, which earns from the price differences in the cash and futures markets, while fully hedging the equity exposure. The fund is actively managed, meaning the investment mix between debt and arbitrage will change based on market conditions to give better risk-reward balance. One of the key benefits of this fund is its tax efficiency. If the investment is held for more than 24 months, the capital gains are taxed at 12.5%, which is lower than the tax rates for traditional debt funds. Speaking at the launch, Mr. Vikas Garg, Head of Fixed Income & Fund Manager, Invesco Mutual Fund said 'With the evolving investment landscape, conservative investors are seeking options that align with their risk tolerance while enhancing tax efficiency. As the fixed income market remains in a sweet spot, the Invesco India Income Plus Arbitrage Active Fund of Fund offers a smart alternative to traditional debt investments—an efficient combination of arbitrage and fixed income strategies that provides relatively lower risk & a better tax efficiency.' The minimum investment amount during the New Fund Offer (NFO) is ₹1,000, and the fund has no exit load, which means investors won't be charged any fee for withdrawing their money. This fund is ideal for conservative investors looking for low-risk income and long-term tax benefits.
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Business Standard
02-07-2025
- Business
- Business Standard
Invesco launches Income Plus Arbitrage Active Fund of Fund; check details
Invesco India Income Plus Arbitrage Active Fund of Fund: Invesco Mutual Fund has launched its Invesco India Income Plus Arbitrage Active Fund of Fund, an open-ended fund of fund scheme investing in units of actively managed debt-oriented schemes and equity arbitrage schemes. According to the scheme information document (SID), 60-65 per cent of the fund will be invested in debt-oriented schemes, with a primary focus on Invesco India Debt Fund, based on market opportunities in high-quality Corporate Bond Funds that invest in AAA-rated corporate bonds and sovereign securities. The remaining 35-40 per cent will be invested in Invesco India Arbitrage Fund, which captures price differentials between cash and derivatives markets with fully hedged equity exposure. Vikas Garg, head of fixed income & fund manager at Invesco Mutual Fund, said, with the evolving investment landscape, conservative investors are seeking options that align with their risk tolerance while enhancing tax efficiency. As the fixed income market remains in a sweet spot, the Invesco India Income Plus Arbitrage Active Fund of Fund offers a smart alternative to traditional debt investments—an efficient combination of arbitrage and fixed income strategies that provides relatively lower risk & a better tax efficiency. According to SID, the minimum investment required during the NFO is ₹1,000 and in multiples of ₹1 thereafter. For SIP investments, the minimum application amount is ₹1000 and in multiples of ₹1 thereafter. No exit load will be charged to investors. India Income Plus Arbitrage Active Fund of Fund: Investment objective According to the SID, the fund aims to generate income by investing in a dynamic mix of actively managed debt-oriented schemes and equity arbitrage schemes, offering a unique blend of stability, tax efficiency and operational ease. The fund is suitable for investors seeking low-risk income with enhanced tax efficiency in the long term. According to the riskometer, the principal invested in both schemes will comprise low to moderate risk. India Income Plus Arbitrage Active Fund of Fund: Who should invest? According to SID, the fund is suitable for investors seeking income over the medium term and investment in units of actively managed debt-oriented and Arbitrage schemes. However, investors should consult their financial advisors if in doubt about whether the product is suitable for them.
