Indian cyclists ready for Track Asia Cup

first_imgNew Delhi, Sep 20 (PTI) The Indian team is all set for the fifth edition of the Track Asia Cup, starting at the Indira Gandhi Sports Complex here on Friday.The Indian team is optimistic to top the medals tally as junior cyclist Esow Alben, silver medallist of World Junior Cycling Championships and currently ranked World No. 1 (Keirin event), will lead the team and will give the challenge in sprint, team sprint and keirin events.Experienced senior cyclist Deborah Herold, who is taking part in sprint, team sprint and keirin event, will also be a key member in the team and will try to grab the gold.In the women’s junior category, Asian Championships bronze medallist, Dannama Chichikhandi will try to give her best.It is pertinent to mention here that the Indian men’s junior team comprising Esow of Andaman and Nicobar, Mayur Pawar of Maharashtra and James Singh of Manipur has a new continental cycling track record to its name in sprint event (46.070 seconds).India being the host is also allowed to get in an extra team of cyclists, which would include the young cyclists that have been under training at the Sports Authority of India National Cycling Academy (SAINCA).Twelve countries participating in the event include India, Kazakhstan, Bangladesh, Srilanka, Hongkong, UAE, Thailand, Malaysia, Indonesia, Nepal, Singapore and Australia.”Our cyclists have trained in Germany and are in good shape. They recently participated in Asian Games and gave a tough competition, although they were not finalists but they are capable to be medal winners in big competitions,” coach RK Sharma said. PTI APA BSBSadvertisementlast_img read more

MF units held by NRIs in Mauritius Singapore decline

first_imgMumbai: Mutual Fund (MF) units held by non-residents in Mauritius and Singapore declined after the amendment in double taxation avoidance agreements (DTAA) with them for withdrawal of capital gains exemption in a phased manner, effective April 2017, according to an RBI survey. The survey covers 44 Indian MF companies and their asset management companies (AMCs), which held or acquired foreign assets and/or liabilities during 2018-19 and/or in the preceding year. Also Read – Thermal coal import may surpass 200 MT this fiscal”Foreign liabilities of MF companies ($13.5 billion) in the form of non-residents’ investments in the units substantially exceeded their foreign assets in the form of overseas equity investments ($0.7 billion) in March 2019 with both foreign liabilities and foreign assets recording increases during 2018-19,” it said. The UAE, the UK and the USA were the largest investors together accounting for one-third of the MF units held by non-residents. According to the survey, foreign liabilities in units of MF companies at face value in the case of Mauritius declined 43.1 per cent at the end of March 2019 over the previous year. In the case of Singapore, the decline was 16.6 per cent during the same period. The survey further said that in the case of asset management companies of non-residents in the UK held over half of the foreign liabilities of AMCs in March 2019. On the other hand, AMCs’ equity liabilities to non-residents in Japan, Mauritius and Hong Kong declined during the year.last_img read more