Jaipur: Reliance Life Insurance Co Ltd. a unit of Anil Ambani’s Reliance Capital is planning to expand in tier II and Tier III. This will create around 6000 jobs and open around 300 branches. It is also planning to do tie-ups with banks to sell its products through bancassurance.
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Category Archives: Economy
Sugar Prices Again On A Rally
New Delhi: Sugar prices have become stronger on anticipation higher demand in the upcoming festival season and lower release in January by the government. This could mean higher prices for biscuits, cold drinks, confectionery, chocolates and other processed food items of urban mass consumption. The prices have shown a rally of Rs 5 on ex-factory prices. The rise is unusual because the Maharashtra output has grown up by 3.4%. The total production which was projected to be 16m tonnes is being revised to 15.5 million tonnes against a requirement of 23 million tonnes.
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Foreign Capital Flow Triples In The Quarter Ending September
NEW DELHI: India has attracted net foreign capital of $23.6 billion in the quarter ended September 2009. This is 3 times the inflow as compared to the same quarter last year. But still the RBI is not much concerned with the liquidity issues as the capital flows in the first quarter, in total, was $29.6 billion.
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India to Overtake China in 2020: Swaminathan Aiyar
According to Swaminathan Aiyar, by 2020, India will overtake china and the US on many parameters. It will also gain strong position in areas like in trade, political power, GDP growth rate. This would be due the growing strength of Indian literate workforce and ore/gas deposits. Following are key extracts and our views: Continue reading India to Overtake China in 2020: Swaminathan Aiyar
India 2009 -Some Key Events -Recap
- The Return of the Indian National Congress, The Congress victory wagon rolls on, BJP in self-destructive mode showing all its weaknesses and washing dirty laundry in public: Congress has been eating way BJP’s vote bank across the country.
- Swine Flu Threat – Reeda Shaikh, 14, became the first patient in India to succumb to the flu in Pune on August 3. Narendra Modi and Shreeshant Maharashtra and Karnataka were the worst affected states of the country. At least 249 people have died in Maharashtra while the virus has claimed 128 lives in Karnataka. Pune, with over 120 cases of deaths due to the H1N1 virus, earned the dubious distinction of being the swine flu capital of India.
- Tata’s Nano arrives: Tata Motors’ ambitious Nano, the Rs 1 lakh car, finally hit Indian markets early this year. Marketed as the ‘people’s car’ and the ‘cheapest car in the world’, the Nano won the Indian Car of the Year Award for 2008-09, promising an affordable and comfortable vehicle to millions of Indians for whom a car was far out of reach.