National
Nine Indian Women In Forbes Magazine
The Indian women named in Forbes Magazine’s inaugural ‘Asia Power Businesswomen List’. The list names 50 “Path Breakers” whose extraordinary business success is driving the region’s remarkable economic rise.The list includes, ICICI Bank CEO& MD, Chanda Kochchar, Bincon founder Kiran Mazumdar-shaw and film producer Ekta Kapoor, Britannia Industries MD Vanitha Bali, HT Media chairman and editorial director Shobhana Bhartia , A2B& Partner Founder &senior partner Zia Mody, Axis Bank CEO & MD Shikha Sharma and Tractor & farm Equipment chairman Mallika Srinivasa . Youngest on the list is Ekta Kapoor 36 yrs.
LIC Launches Jeevan Vriddhi
Life Insurance Corporation Of India (LIC) on 1 March 2012, launched a single premium insurance plan, Jeevan Vriddhi. This is a single premium non-linked insurance plan where the risk cover is five times of the premium chosen by the offers excellent guaranteed returns at maturity
Indian Men Among The Most Dissatisfied At Work
Indian men are among the most dissatisfied people at work across the world, according to a report by Accenture, The Path Forward- research report stated that as much as 72% of men in India are not satisfied with their job. Brazil tops the list with a figure of 74% men dissatisfied with their jobs. Women cited lack of opportunities and heavy work loaded as reasons for dissatisfaction in work ,while inadequate pay was cited as the main reason for dissatisfaction by men in their jobs. The overall jobs satisfaction in India stands at 34%. over 78% Indian women proactively manage their carriers.
Base Price For Broadcast, Rised
BCCI of India had increased the base price for home international games in the new broadcast rights, as they kept the base price at Rs. 31.25crore plus 1crore(that is Rs. 32.25crore) for an international game for A category. and Rs 33crore , plus Rs1crore(Rs 34crore)for a game in B category. The basic price for games will be declared in the tenders .
Asia’s Richest Man
Asia’s richest man was Hong Kong’s Li ka Shing stood top with worth of 25.5billion, in second richest Asian on the Forbe’s list in India was Mukesh Ambani with 22.3billion.
India To Spread A Multi Modal Transportation Network
India is making a concerned push into Central Asia by taking charge of a crucial transportation network through Iran into Central Asia and beyond. 14 stakeholder countries in the region in January, experts from all countries will meet in New Delhi on 29 March to put final touches to the project known as the” International North-South Corridor” .The project envisages a multi modal transportation network that connects ports on India’s West coast to Bandar Abbas in Iran than over land to Bandar Anzali port on the Caspian sea, thence through Rasht and Astava on the Azerbaizer border onwards to Kazakhstan and further onwards towards Russia . Once completed this would connect Europe and Asia , which serves economic and strategic interests of all states concerned
Tata Steel Topped The List Of Most Admired Indian Brand
A survey conducted by Fortune India and Global Management Consultancy Hay Group, which was released on 13 March 2012, revealed that Tata Steel as the most admired brand in India. Several factors corporate, governance and financial make this brand in top most.
55.5% New Cases Of Leprosy Recorded In India
According to the Government,about 55.5% of new leprosy cases were identified in 2010 in India. Minister of Health and Family welfare Ghulam Nabi Azad said that, of the total 2,28,474 new leprosy cases detected world wide in 2010, India contributed 1,26,800 cases which is about 55.5% of the global disease burden. The minister is now concentrating on achieving elimination of leprosy at district level during the 12th plan( 2012-17)
112 Government Websites Hacked
Government websites are turning out to be soft targets for hackers. In the last three months alone more than 112 websites, including the planning commission, the finance minister and Government agencies were hacked . Minister of state for communication and IT Sachin Pilot declared.
Indian Rotocraft to be Produced Near RGIA
Indian Rotocraft, a joint venture of Tata sons and Augusta Westland, had decided to set up a facility near the Rajiv Gandhi International Airport (RGIA) here to assemble, customise and flight -test helicopters for world wide markets. The joint venture, wit capacity of 30 units a year, will initially start producing the 8 seat AW119ke light helicopter with production expected to be from the middle of next year. This is the second chopper producing facility in city after Tata -Sikorsky joint venture
5 Crore People Moved Out Of Poverty- Govt
Data released by the Planning Commission of India on 19 March 2012 showed that poverty had significantly declined between 2004-05 and 2009-10. The new estimates are based on a poverty line that averages Rs.672.8 per month(Rs 22.43 per day) in rural areas and Rs857.6 per month( Rs 28.65 per day in urban areas for 2009-10. Poverty down by 7.3% points to 29.8% in2009-10 from 37.2% in 2004-05. Rural poverty declined faster down 8%points to 33.8% from 41.8%.
Woman Share In Husband’s Property After Divorce
Making amendment in Marriage Act for women , the Union Cabinet on 23 March 2012 approved a Bill seeking to give a woman share in her husband’s property after divorce. The quantum of share however will be decided by the court’s on a case by case basis, while a wife can oppose a husband’s plea for divorce, but husband will have no such rights to oppose if the wife moves the court on the same. Apart from this it also aims at giving equall rights to adopted children on a par with biological off-spring in case the parents go for divorce.
Nation’s First Vaccine Park
The Finance Minister had given its approval to set up the country’s first integrated vaccine park. The Rs. 594crore park spread over 100 acers at Chengalpattu near Chennai will produce, all six primary vaccines used in the country’s Universal Immunization Programme (UIP), besides manufacturing several new generation vaccines.India’s UIP is one of the largest in the world that targets 2.7crore infants and 3crore pregnant women every year. the main intention was to establish vaccine security in India.
NTPC Board Approved Rs. 17,000crore Investment InProjects
The National Thermal Power Corporation Ltd (NTPC) board on 30 March 2012 approved an investment of over 17,000crore rupees in two power projects in Maharashtra. The projects would have a total generation capacity of 2540mw. The NTPC board approved the investment for the Mouda Super Thermal Power project and Solapur Super Thermal Power project.
IRDA Notified Revision Of Premium Rates For Motors
The Insurance Regulatory and Development Authority of India (IRDA) notified in March 2012 that premium rate for motor third party liability only cover will undergo an upward revision bringing 1 April 2012. IRDA listed the third party liability premium rates for vehicles of assorted categories. The premium rates calculated on the basis of a specified formula is to be notified every financial year by the IRDA. The ratio for 2012-13 were calculated by using the average growth rate in severity assuming that the average frequency remains instant.
SEBI Decided Guidelines For Algorithmic Trading
The securities and exchange board of India (SEBI) on 31 March 2012issued board guidelines on algorithmic trading based on recommendations of technical advisory committee and secondary market advisory committee (SMAC) SEBI decided to enforce board guidelines for algorithmic trading in the securities market. The market regulator decided stock exchanges to undertake system up gradation, including periodic up gradation of its surveillance system so as to keep pace with the speed of trade and volume of data that may rise through algorithmic trading.
Infosys Co- Founder Narayana Murthy Named In The Fortune List
Infosys co- founder N.R.Narayana Murthy got his name figured in the list of 12 greatest entrepreneurs of our time . The list published by the Fortune magazine on 28 March 2012 was prepared considering the economic and social impact and world changing vision of entrepreneurs other famous personalities who got their names included in the list are Steve Jobs of Apple, who topped the list, Bill Gates second and followed by Fred Smith
Union Cabinet Approved Credit Risk Guarantee Fund Trust
The Union cabinet on 23 March 2012 approved the setting up of a credit guarantee fund trust with an initial corpus of Rs 1200crore to with an objective to encourage housing for low- income groups in India. The scheme will work on the key principle that the lender shall secure loans to construct and upgrade low income housing purely on the assets financed, without any other collateral. The trust is to be set up under the Indian trust Act and the Ministry of Housing.
IIT Madras Students To Sign “Honour Code”
In a first of this kind move, over 7,000 Madras IIT students studying various courses & staying in 17 hostels decided to sign an Honour Code. The honour code makes students take a written pledge that they would attend classes regularly, study well, be friendly with others,maintain personal hygiene and cleanliness. This will bring a sense of accountability among students and it will also deal with how they go about acquiring knowledge, besides their behaviour inside the campus.