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India to promote large capacity N-power parks: Banerjee
India will push for building large capacity integrated nuclear energy parks to step up nuclear power production to meet increasing power demands, Atomic Energy Commission Chairman S Banerjee said today.

Competition to heat up as biggies gear up for small-car launch
Come 2010 and the small-car market is likely to witness intense competition with at least four new players set to launch their products in the market.

News of the day

Finance ministry seeks Idiot's tip to tackle Budget blues
As the Ministry of Finance gets into the Budget mode, its officials perhaps want to tell themselves, “All is well”. So, they have none other than Aamir Khan, alias Rancho of recent Bollywood blockbuster 3 Idiots, talking to them this weekend on Cinema and Society.
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PFRDA may take up SBI employees pension corpus

Country"s largest lender State Bank of India"s (SBI) pension corpus could be regulated by the Pension Fund Regulatory and Development Authority (PFRDA), opening a new area for the interim regulator. - Pension regulator hardsells new scheme - Akash Prakash: From uncertain to unstable markets">Akash Prakash: From uncertain to unstable markets - Insurance, pension bills face delay - Left seeks BJP support to oppose disinvestment - Cabinet clears SBI amendment bill - Now, savings account available with NPS "We have given approval to SBI for management of its pension corpus by our fund managers and now they are talking with its trust," a PFRDA official told PTI. Regulating the corpus of companies is a new area for the interim regulator. Till now, PFRDA-appointed fund managers, under the New Pension System (NPS), were handling only the corpus of individuals. Six PFRDA-appointed fund managers —IDFC Mutual Fund, Kotak Mahindra, SBI, UTI Asset Management, ICICI Prudential Life Insurance and Reliance MF— are handling the corpus under the NPS, which was thrown open to all citizens from May 1 this year. There are 22 contact and collection centres-- Points of Presence-- including State Bank of India, ICICI Bank, the Postal Department, IDBI Bank, Oriental Bank of Commerce, Axis Bank and Union Bank of India for all citizens" scheme.


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