Ecostar Business

Nirmala Sitharaman

adminDecember 20, 20181784 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

adminDecember 17, 20181870 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

adminDecember 17, 20182091 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…

adminDecember 17, 20182097 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

adminDecember 17, 20181927 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...

Cover Feature

Goa Shipyard Ltd

adminDecember 17, 20182040 Views0

After the incredible turnaround, now a world-class shipyard What could be called a turnaround strategy that Goa Shipyard embarked on four years ago and the steps that ensured the sustainability of all new achievements, now have become a preparation for facing all future challenges. Once a barge builder, is now a world-class shipyard with many track records in history and laurels on its cap, GSL is set to build missile frigates and Mine Counter Measure Vessels, while it already has the capability to design and build tailor-made defence ships not only for India but also for foreign blue water Navies, besides various types of commercial vessels. Works on war footing basis at Goa Shipyard in the last four years have metamorphosed the shipyard to an integrated ship building conglomerate, c...

Cover Feature

Bharat Dynamics Ltd Builds Dynamic India on flourishing defence business at home

adminDecember 14, 20182017 Views0

Bharat Dynamics Ltd. (BDL) has built-in itself a world-class capability for manufacturing guided-arms and allied defence equipment beyond just being a contract base for manufacturing ATGM under India’s agreement with French, Russian or any other external organizations. It acquired a high level of technical prowess over the years it's working with various organizations for manufacturing sophisticated guided weapons, meeting the changing necessities of armed forces and also through understanding their next-generation battlefield challenges. In fact, it has succeeded not only in systematically upgrading its skill-sets as a contract manufacturer of guided arms, but also in R&D driven innovation in defence equipment making. Through discreet pooling of India’s scientific, technological and ...

Editorial

Are we going wrong?

adminMay 10, 20171992 Views0

Two Central level Administrative Reforms Commission (ARCs) over four decades and our own rule for more than seven decades couldn’t change our administrative culture. This is the system that defeats all the so called reforms. This is what is unconvincing the public about the changes on the ground. Surely YES. In terms of technology sophistication we have been steadily going up. We can boast ourselves of being the champion of information technology that is changing the world into the ideal 21st century character. The technology is boosting efficiency, transparency and public comfort. Yet, the public at large is a lot dissatisfied in dealing with what is to rightfully come to them. One may not miss the ghost of the British legacy if he or she visits a Central or State government department. A