2. More rich than poor Indians
National Council of AppliedEconomic Research (NCAER) has estimated
in its report, "How India Earns, Spends and Saves", that despite
the economic slowdown of the last three years, the number of
high-income households in India has exceeded the number of
low-income households.
Households with high income or earnings have grown by over 3.7% in
total and now touch the mark of around 21%. That is not all also
the households with low income sources have fallen by around 3.2%
and gone down to a mark of 18%.
3. Kingfisher owes Bharat Petroleum Rs 245 crore
Kingfisher Airlines owes Rs 245 crore to Bharat Petroleum
Corporation (BPCL) on account of buying Aviation Turbine fuel
(ATF), (As per BPCL's Chairman and Managing Director S
Radhakrishnan)
Though BPCL stopped credit and started cash-and-carry mode for
Kingfisher, the airline is now not buying from BPCL
BPCL has opened ATF outlets at seven more airports in the country
and as of now has a presence in 30 airports in the country. BPCL's
in and out retail formats started making profits and its total
turnover has reached Rs 350 crore, he said.
4. Raise of ceiling
The government has raised the ceiling for investment in government
and corporate bonds.
Become cause of rising rate of loan in build road, ports and power
plant.
Cap for investment in government security from $5b t0 $10b.
Corporate bonds from $15b to $20b
5. Emami settles dispute over Zandu Balm song; to use for ads
Emami Ltd, the owner of Zandu Balm, said its copryright
infringement dispute with the production company of Salman Khan
starer 'Dabangg' has been amicably settled between the two parties.
(As per Emami, Director Mohan Goenka)
Subsequently, the company will be using the chartbuster
'MunniBadnaam' for its promotional campaigns, while it is still in
talks over using MalaikaArora Khan, who did the item number in the
film, as the brand ambassador for Zandu Balm.
