Archive for the ‘Business’ Category
Aircel is Likely to Sell its 17,500 Towers
Aircel the mobile service operation is likely to sell its 17,500 towers, according to media reports, the Chief Operating Officer Gurdeep, the company is holding talks with companie over the sale.
The Aircel group is a joint venture between Maxis Communications Berhad of Malaysia and Sindya Securities & Investments Private Limited. This may be a cost cutting approach by the company.
Aircel began its outward expansion in 2005 and the company has subscribers in Tamil Nadu, Assam, Orissa, Bihar, Jammu & Kashmir, Himachal Pradesh, West Bengal, Kerala, Andhra Pradesh, Karnataka, Delhi, UP & Maharashtra.
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November 17th, 2009
Role of private sector in India’s growth
Thanks to economic reforms introduced in the early 1990s, which brought many changes to private sectors in India. The usage of phrase ‘company’ and ‘corporate’ has been common since the great economic reforms of 1990’s.
The government of India has been trying various measures to boost the private sector. The growth of private sector brings growth to Indian economy. The investment scenario in India is quite different from the past (before 1990’s).
The government now planning over the regulation over the FDI limits. Since the Private sector not only boost the economy but also affects the foreign reserves. The more and more investment from the foreign countries in India, will boost the economy. However, the fact can’t be denied that the private participation is based on profit motive.
The contribution from the private sector to the economy can’t be denied. The third sector of the economy ’service sector’, has become one of the major sector. The growth of private sector gave boost the employment rate in India.
The private sector is considered as the best sector in order to promote the employment rate. The public sector however making profit in many cases. Since the economy is mixed economy, the contribution of the private sector is high in India.
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November 11th, 2009
Industrial growth in India
The industrial growth in India is very impressive. Post independence era in India has witnessed the sea change in the industrial growth. Various models were adopted in India for the rapid industrialization.
The government came with various industrial polices in order to build strong industrial base in India. The Industrial Policy Resolutions of 1948 and 1956 can be said as foundation for industrial policies in India. These resolutions involved heavy investments in basic and heavy industries besides those in consumer goods industries.
As a result of efforts for rapid industrialization, a firm industrial base has been achieved. Industrial production grew by about five times and India now is the tenth most industrial country in the world. India now has a well-diversified industrial sector covering the entire range of consumer, intermediate and capital goods industries.
The progress the country has made in the respect of industrial sector is clearly reflected in the commodity composition of India’s foreign trade. The share of imports of manufactured goods in foreign trade has steadily declined, while industrial products, particularly engineering goods have become a growing component of India’s exports.
Further, the rapid progress in industrialization has been accompanied by corresponding growth in modern and sophisticated industries and also for planning, designing and construction of such industries.
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November 9th, 2009
SBI plans to hire 27000 staff; may open more branches
The State Bank of India (SBI) is reportedly planning to recruit around 27 thousand staff and according to media reports the SBI may also open many new branches. This really a good news for the students those aim to associate with banking career.
Students across India have been trying to crack the banking exams. The job options with SBI are given priority by the banking aspirants. Most of the banking students always try to appear the probationary officer exam and also most them try to crack the clerical exam. Clearing any exam of SBI is the first priority for the aspirants. In the meanwhile, the news about fresh recruitment is a great deal for the banking aspirants.
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November 8th, 2009
Indian economy vs Chinese economy
There has been comparison between Indian economy vs Chinese economy. The duo Asian tigers are on race in the continent. The economy of the India and China are strong, but experts believe that Chinese economy stronger though it is parallel to India economy. The political will behind strengthening in China is more aggressive than India.
As per the size of the population, the both nations are at par. India may be legging behind from China in standard of living point of view. The defence expenditure of China is more than India and the external threat is big concern for Indian economy.
The access to Chinese products is easy in India market, and easy available of such goods are giving more competition to the domestic industries. There is level – as ‘Chinese products’ in India, despite the quality, those Chinese markets manage to capitalized the Indian market and taking the advantage, which Indian industries are not doing. Indian economy should become more strong in order to give tight competition to China.
