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[20] [21] These railway companies were amalgamated in steps to form a single entity named as Indian Railways. [22] In December 1950, the Central Advisory Committee for Railways approved the plan for re-organizing Indian Railways into six regional zones with the Southern (14 April 1951), Central (5 November 1951), and Western (5 November 1951 ...
VCs often use the shorthand phrase “two and twenty” to refer to the 2% of annual management fees a venture fund might take and the 20% carried interest (or “performance fee”) it would charge.
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