-The Economic Times MUMBAI: Despite being exposed to perils of heavy smoking, a majority of smokers (58%) in India do not have any form of health insurance, a survey conducted by private non-life insurer ICICI Lombard has found. Further, a city-wise break-up shows that the percentage of smokers with a health cover is significantly lower in Delhi (34%) and Bangalore (28%). This, despite 85% of the respondent smokers across the country admitting...
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A story of a banker turned farmer in Bihar-MJ Prabu
-The Hindu "Farming is fascinating. The only thing is that it requires continuous hard-work and devotion without any distraction" says Mr. Barun Singh, a government bank manager-turned-farmer. Mr. Barun Singh maintains a vermi-composting unit in a portion of his 10 acre land. A dairy unit is attached to the composting unit so that the cattle dung can be easily utilized for the process without much labour involvement. Waste materials like dried leaves, rotten...
More »Ponzi puzzle stumps Amway
-The Telegraph The sudden arrest of Amway India's top brass on Monday has focused the spotlight on the crumbling fault lines and the grey areas in the demarcation between some of the world's best-known direct selling companies and the dodgy Ponzi schemes that promise huge returns to gullible investors and have lately grabbed all the sensational headlines in Bengal. William S. Pinckney, managing director of Amway India, and two directors of the...
More »Government's wheat buying may touch 28-30 million tonne this season-Madhvi Sally
-The Economic Times NEW DELHI: Wheat procurement in the rabi marketing season 2013-14 is likely to touch 28-30 million tonne. When procurement began in April, the government had estimated to buy 44.06 million tonne wheat this year. "Wheat procurement this season will fall to 28-30 million tonne," said Union Food Minister KV Thomas. He added that since the government was strict with the OMSS price and didn't accept the industry...
More »USFDA scrutiny: Will pharma majors like Ranbaxy, Wockhardt be affected in long-term? -G Seetharaman
-The Economic Times Japanese companies do not mind erring on the side of caution. They are known to think longer and harder than their counterparts in other countries about big decisions, especially when it comes to entering a new market or acquiring a foreign company. But Japan's third biggest drugmaker Daiichi Sankyo would now wish it had spent more time doing due diligence on Ranbaxy Labs, in which it bought a...
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