December 2018 - Ecostar Business

Nirmala Sitharaman

December 20, 20182199 Views0

The woman is leading one of the biggest forces of the world and entrusted with responsibilities of defending a country of second largest population living in the most war-vulnerable land. Until her name was announced as defence minister no one could guess even remotely that she would become India’s defence minister, one of the toughest jobs. Now she completed one-year as a good performer. She has in her another tougher job in her hand for the party – to find somehow a base in her home State. Woman empowerment makes women show their capabilities and their readiness to fight even battles with enemies. Today the world’s seventh largest country’s defense is vested on a woman, the boss of male dominated armed forces chiefs. Nirmala Sitharaman became the first full time woman defense ...

Defence

Prahar The contemporary weapon system

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December 17, 20182247 Views0

"Prahar will further strengthenour defence capabilities,” said Mrs Nirmala Sitharaman. Defence Research and Development Organisation (DRDO) has successfully flight tested the indigenously developed surface-to-surface tactical missile Prahar, from the Launch Complex-III, ITR, Balasore. Range stations and electro optical systems tracked the missile throughout its flight. Praharis a contemporary weapon system capable of carrying multiple types of warheads and neutralizing a wide variety of targets. “Indigenously developed Prahar will further strengthen our defence capabilities,” said Mrs Nirmala Sitharaman, Union Defence Minister. Procurement of equipment worth Rs 9,100 crore BDL to benefit DAC approved procurement of two regiments of Akash Missile Systems under bu...

Cover FeatureInsurance

General Insurance Corporation of India

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December 17, 20182602 Views0

There is a huge leg space for GIC of India to expand its business and earn substantially in the years ahead. As a reinsurance market leader in India, which is the tenth largest life and fourth fifteenth largest non-life market, GIC, through its global strategy of focusing on better premium fetching business, can show wonderful results and make its shareholders cheer for their long term holding. Other than the home market, its focuses on the fast-growing Afro-Asian including Russia and CIS and Latin America ensure better quality business, thanks to its carefully chosen target. It has already shown remarkable achievement in cutting the combined ratio when the world average has been on arise in the last three years. Seven months after listing of India’s largest reinsurer’s stocks on the B...

Insurance

Reinsurance: Writing a growth story, where the secret of success lies…

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December 17, 20182500 Views0

Life business in Indiais three and half times more than the size of non-life business in terms ofpremium, a starring contrast to the global trend. This indicates a huge legroom for non-life to grow as the penetration is gaining momentum, to reach closerto the world average ratio of life and non-life business. Non-life business isthe biggest contributor to the reinsurance business that accounted for as highas 95 per cent of the total premium ceded. This obviously shows that thereinsurance business is in for a boom as non-life business is set to grow morerapidly in tune with the economic growth and industrialization. In the boom,GIC Re, the biggest reinsurer with proven track record of four and halfdecades, is set to be one of the major beneficiaries. GIC Re is the world’sfastest growing re...

Editorial

The independent India

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December 17, 20182293 Views0

The independent India is now 72 years. More than a decade ago, a generation born after the independence has gone home to rest from their life of public service, other than politicians. Many of them had precious talents though strived under many difficulties in inhospitable times. Famine, death by tuberculosis, typhoid, malaria and many other maladies killed people with numbers couldn’t be counted. The generation, who dreamed new India after 1947, passed away food-less, cloth-less and homeless. Clean drinking water, primary health care system and roads were only dreams. Business opportunities were kept locked under strict license regime. In a country of half a billion people, business opportunities we re-undiscovered or kept aside as prejudiced against the interest of the masses,while...