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College students march to PU Chandigarh, October 31 The protest march started in two groups, one from Government College for Girls, Sector 42, led by Gurparvez Singh Sandhu, president of the Panjab University Students Union (Shellay), and another one from the Government College for Men, Sector 11, led by Karanbir Singh Kaler, president of the student council of the college. Small groups marching towards the campus merged opposite the Vice-Chancellor’s office. A joint action committee of student leaders from different colleges and the campus was announced. The committee, in a press note, said, “In wake of the proposed fee hike in various colleges of Chandigarh, representatives of city colleges have declared an indefinite strike.” A delegation comprising Gurparvez Singh Sandhu, Mr Nitin Goyal, president of the National Students Union of India, Ranjeet Singh Raju, president of the Students Organisation of Panjab University, Saurabh Joshi, general secretary of the Akhil Bhartiya Vidyarthi Parishad, Karanveer Singh, president of the Government College for Men, Sector 11, and Arun Dhiman, president of the campus unit of the ABVP,
The NSUI held a meeting with regard to the hike in fees announced by the university recently. “It was felt that a sudden rise in fees would mar the chances of poor students. Education in PU is already expensive as compared to other universities”, a press note said. Gurparvez Singh Sandhu led a majority of the protest rallies from the local colleges which reached the Vice-Chancellor’s office in the end. First the students went to the Government College for Girls, Sector 42. This was followed by a visit to MCM DAV College. Here the rally received negligible support. Another rally covered GCG, Sector 11, GCM, Sector 11, and DAV College, Sector 10. “ Even if colleges claim that some classes were held, there will be no denying the fact that classroom teaching was marred substantially”, a student leader said. In a press note, Sandhu highlighted the demands of rollback in fee hike and uniformity in fee charged by different colleges, (particularly private. There was a vast fee difference between private and government colleges, it was pointed out. The Panjab University Students Union, which holds the office of the Panjab University Campus Students Council, also held a meeting to take notice of the proposed fee hike by the university. The meeting was conducted by Mohan Singh Sran, chairman, and Rajneesh Sareen, a senior leader. The hike was condemned and a threat was issued for a mass agitation in a planned manner. In the first phase, the PUSU has launched a signature campaign which will be followed by submission of a memorandum to the Vice-Chancellor. “In case the demands are not met, PUSU will resort to a complete strike till the students’ demands are met”, a press note of PUSU said. |
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Lalit Sharma's appointment as Adviser held up Sequence of events
Chandigarh, October 31 A 1971 batch officer of the UT cadre of IAS, Mr Sharma is presently the Chief Secretary of Arunachal Pradesh. He was to be replaced by Mr Baleshwar Rai, a 1970 batch UT cadre officer in Arunachal Pradesh. Mr Rai recently sent a petition to the Government of India stating that he did not want to go to Arunachal Pradesh as he was nearing retirement. Thus, he can get a place of posting of his choice in the run-up to the retirement, sources said. Even as the ministry is yet to decide on Mr Rai's petition, the government is in the "election mode". With elections in crucial states coming up, things like postings tend to take a backseat, a source said. There has been no decision on Mr Rai's petition and nor have the formal orders to post Mr Sharma as Adviser been issued. It was expected that the new Adviser would be posted by
Sources said Mr Rai was right as the All-India Civil Service Rules permitted an officer who was within two years of retirement to choose his place of posting. This does not mean that he can choose his posting but that the can choose the city of posting, claiming to plan his post-retirement life. Mr Rai is presently posted as Additional Secretary, Union Ministry of Labour, in Delhi. He has served as Chief Secretary of Goa and also as Adviser in the early 1990s. The name of Mr Lalit Sharma was cleared for posting in August but the orders could not be passed as his replacement was not found, which would have completed the chain of transfers. In the meantime, the matter regarding the transfer of the previous Adviser, Mr Virendra Singh, heated up. On the night of September 10, he was transferred and Mr Raminder Singh Gujral was posted as Adviser to the UT Administrator. This happened when the Home Ministry, in a sudden move, transferred Mr Virendra Singh. The latter, a 1969 batch IAS officer of the UT cadre, had been appointed Adviser to the UT Administrator after being under suspension for more than two years and this was his first posting after being reinstated. On May 13, 2000, the CBI had registered a case of corruption against him on the charges of having assets disproportionate to his known sources of income and for abusing his official position as public servant for accumulation of huge immovable and movable assets. He was then posted as Principal Secretary, Training and Technical Education, Government of National Capital Region, New Delhi. Mr Virendra Singh had been posted to Chandigarh on January 8 this year. He was under the scanner of the Central Bureau of Investigation for having acquired assets disproportionate to his known sources of income.
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Anup Jalota strikes a divine connection Chandigarh, October 31 The most engaging feature of Anup performance was his inimitable style that drew on timeless tales from the Hindu mythology, placing the audience almost face to face with scriptures. Through his utterly delightful modulations of voice and melodious resonance, he brought home the very purpose of bhakti — something which he himself feeds on all the time. As the singer earlier commented, “I don’t just structure melodies, I structure tales, which make all our religious scriptures from the Ramayana to the Bhagwad Gita worthy of the attention they command. I believe in passing on divine verses written by Bhakti saints, who placed life in the best perspective possible”. No wonder then that Anup rendition of Kewat katha from the Ramayana amazed the audience thoroughly, so much so that the singer drew a tremendous response when he ended his divine narration. The bhajan was worded perfectly, “Kabhi kabhi Bhagwan ko bhi bhakton se kaam pade, jaana tha Ganga paar, Prabhu kewat ki naav chadhe....” During his rendition of this bhajan, Anup brought out the charm of a selfless bond between Lord Rama and the kewat, who won the divine favour by his humility and grace. Describing the episode where Lord Rama, upon alighting from the kewat’s boat, makes an offering of a ring to him, Anup sang, “Prabhu ne di naav utrai, kewat bole nahi Raghurai....” Then came a string of bhajans, packed with mellifluous tunes so typical of Anup presentation style. Accompanied by Peeyush Pawar on the santoor, the singer picked bhajans from his golden repertoire. These included, “Aisi laagi lagan Meera ho gayi magan”, “Jag mein sundar hain do naam, chahe Krishna kaho ya Ram”, “Laaga chunri pe daag chhupaoon kaise...” and many more. Where the bhajans mesmerised the gathering with their purity, what appealed more to them were the knowledgeable interspersions, which bared the very philosophy of life. During his presentation, Anup told tales, posed questions, one of which was: “Jal se patla kaun hai? Kaun bhoomi se bhari? Agan se tez kaun hai? Kaun kajal se kaari?” Soon after the question came philosophical answers, set to music, “Jal se patla gyan hai...paap bhoomi se bhari...krodh agan se tez hai ...aur kalank kajal se kaari.... Dotting the recital with profound details, worded by saints like Tulsidas and Rahim, Anup made the programme put together by the Durga Das Foundation, The Tribune and The Spice Telecom worthwhile. An added attraction to the enchanting evening was a tastefully decorated stage, which glowed with the divine radiance that flowed upon it from the precincts of a temple located in the backdrop. The compering by Sukanya Balakrishnan fitted the scheme of perfection well.
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Treading the divine path Chandigarh, October 31 Fifty years of service to the idiom of bhajans have uplifted Anup Jalota so much that he can now easily pass painful moments by. Before commencing his recital at the Nehru Bhavan in Sector 24, where he performed for the Durga Das Foundation, Spice and The Tribune today, he confessed, “Divine music heals wounds. It sees you through moments of trial. It diffuses pain as if pain never befell you. I sing paens to God because he helps me fight the worst moments in my life, the heart transplant surgery of my wife Medha being the latest such moment.” With peace settled on his face, Anup made a pretty picture of musicality that comforts and caresses. After learning music from his father Purushottam Das Jalota, Anup chalked out a devotional path for himself. “I took up MA Hindi so that I could perfect the first tool I had to sculpt the image of my music. Passion for Sanskrit followed. Then I devoted time to scriptures I wanted to render. I have set to music all religious texts, from the Ramayana and the Gita to the repertoire of Bhakti saints. Now I am working on the Vedas with the help of Maharishi Mahesh Yogi, who feels Vedas can’t be sung. I am learning to chant them. I am also producing a film, Nishaan.” Most inspired by Rama, Anup said: “I have always wished to lead a ‘ammaya’ life. My dabblings in the Ramayana helped me do that.” With a voice capable of justifying film songs and ghazals, Anup never allowed himself the temptation of being led away from the infinite. “I stuck to divine verses not only for myself, but also for people, who want to consume value-based music. The market for ghazals is contracting because their form stands distorted. Now bhajans are a rage because they take people back to their roots. I have diehard fans in Trinidad, West Indies, Surinam, where people collect my bhajans for posterity. For them my idiom spells peace more than anything else.” Despite acceptance in, “Ek duje ke liye” in which he rendered “solah baras ki”, Anup never felt the urge to go back. He says, “ I had offers from Laxmikantji, but I had chosen my destiny. Even now I love to sing from temple precincts. My best album has been the one which has songs first rendered in Hare Krishna temple, Bombay.” Once critical of allowing Pakistanis to perform in India, Anup is now treading the peace path. He recently joined Ghulam Ali in concert. But he still says, “I wish Pakistan could welcome us as we welcome their artistes — with an open heart.” While he prays for Indo-Pak peace, he continues to preach the same through his music. Maintaining the purity of ragas, he adds, “Whenever I used to hear the concert of vocalists, I realised they always concluded not with ghazals, but with bhajans. Bhajans were classical. So I chose them over ghazals, My indulgence will never change.” |
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30-year-old can have dementia Chandigarh, October 31 Dr Huckman, who is here to attend a conference on Interventional Neuroradiology being organised by the Radiodiagnosis department, PGI says dementia can occur before you age but not every aged brain will have traces of the disease. “Even a 30 year old could suffer from impairment of mental abilities because of alcohol abuse, drugs, AIDS, organ transplantation, use of steroids, vitamin-B deficiency or even hypothyroidism mainly due to suppressed immune system,” he disclosed. It is through imaging of the brain that one can rule out dementia and look for other factors which could result in memory loss and inability to remember familiar faces, names and
places. "Dementia resulting due to vitamin B-deficiency or hypothyroidism is reversible and treatable and imaging of the brain helps us in ruling out the disease due to brain shrinkage, which cannot be cured,” he said. Citing example Dr Hutchman, said even repeated head trauma, such as that experienced by boxers or an infant who at the time of birth did not get adequate oxygen (asphyxia) could suffer from dementia. “Efforts are being made to differentiate and categorise different form of dementia, which could present as a symptom in a number of diseases like Alzheimer, which has no cure,” he said. Dr Hutchman, said 1 per cent of the population above the age of 40 years, 10 per cent above the age of 65 years, 40 per cent above 85 years and 90 per cent above 100 years have been found to be suffering from dementia. Highlighting another aspect of dementia, he said majority of the patients suffer from the apathy, where they are not even willing to accept that they are facing problem of memory loss. “Since they do not realise that they have lost a part of their memory, they become highly irritable when they are reminded about their disease, which could be static, progressive or reversible,” he said.
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Cong councillors in defiant mood over property tax What they want
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Chandigarh, October 31 Hectic parleys are being held by the ruling group councillors to take the issue head on. Sources in the corporation did not rule out the decision being challenged in the court. Upset over the decision of the Chandigarh Administration by not keeping the property tax at 2 per cent, the Congress Mayor, Mr Subhash Chawla, said, “We will oppose the 5 per cent property tax at the next General House meeting”. Talking to the Chandigarh Tribune, Mr Chawla claimed that it was conspiracy on part of BJP leaders to embarrass the Congress in the next general election. The local BJP leaders were ensuring that the Central BJP leadership prevailed upon the Chandigarh Administration in taking anti-people decisions. He said the Administration had twice rejected the proposal of 2 per cent property tax recommended by the General House. Justifying his allegations on the BJP leadership, the Mayor said on one hand the Centre leadership was not giving its nod to the recommendations of the second Delhi Finance Commission, which had stated that 17 per cent share of the total revenue of Chandigarh should go to the corporation. At present the corporation was getting around 13 per cent — which comes to around Rs 85 crore. “If calculated at 17 per cent it comes to around Rs 100 crore for the current financial year. We would not to have levy property tax if we get 17 per cent share”, said Mr Chawla, adding that despite the Administration accepting in principal to accept the recommendations of the commission, the Centre was not clearing the file. Even a former UT Administrator, Lieut-Gen J.F.R. Jacob (retd), had written a letter to the Centre on the issue. Meanwhile, the Municipal Corporation has recommended reduced property tax on industrial units here. Mr Chawla said he had talked to the Commissioner in this regard and some steps were being taken. At yesterday’s meeting of the House Tax Assessment Committee, 30 per cent rebate to the industrial units had been recommended. The sources said the industrialists lamented that the criteria of charging the tax on covered area was wrong. Instead of charging according to per sq ft area occupied, it should be levied on the plot area. Reacting to the issue, the BJP local unit has condemned the applicability and collection of the property tax on commercial property in Chandigarh. In a joint statement Mr Yash Pal Mahajan, president, BJP Mr Pushotam Mahajan, vice-president said at the time of contesting elections the Congress-ruled corporation had promised tax-free rule to the people of Chandigarh. The city residents were already buried under various other taxes, they added. The BJP has asked the Congress to withdraw the imposition and collection of property tax from those owning commercial property in Chandigarh. In a representation to the UT Administrator, the Chamber of Chandigarh Industries, has opposed the decision to impose the tax. The general secretary of the chamber, Mr A.L. Aggarwal, said the industry was reeling under recession and there was no incentive to the units in Chandigarh as compared to the neighbouring states of Punjab and Haryana.
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PUDA, building contractor at loggerheads SAS Nagar, October 31 According to sources, while the contractor has alleged that mismanagement and constant change in the original plans by PUDA has caused them a loss of over Rs 60 lakh, PUDA on the other hand has warned the contractor that in case they are unable to finish the work within a stipulated period they will be penalised Rs 85 lakh. Built at a cost of over Rs 32 crore, as many as eight agencies are involved in the construction of the building, which is being projected as one of the best buildings in Punjab. The work with a certain architectural plan was commissioned in July, 2001, to Delhi-based Era Construction Company at Rs 15 crore, which was to finish the work in 14 months. According to the contractors, they had ended 55 per cent of the work by March, but then PUDA changed the complete plan, including the outer face and the interior. Work got stopped on the building for over four months. “We had to break the aluminium work on two floors to accommodate the new plan. More-over, with the introduction of glazed curtains and central air conditioning plant two more agencies got involved. Till they finish the work we cannot handover the building,” pointed a manager with the contracting company, who requested not to be named. The contractors point out that since the plans were changed everytime a new head took over PUDA, they were unable to finish the work in 14 months and the ensuing delay had caused them a loss of Rs 5 lakh per month since September, 2002. ‘‘But we are stuck. Had there been any other company they would have dragged PUDA to court and demanded the cost of delay,” added the manager. The PUDA authorities formed a fault-finding committee within days of shifting into the building last month. This committee was to get the details of the extent of incomplete work and the various faults with the construction. This committee under the chairmanship of Mr Rajiv Moudgil, Director, Quality Control, PUDA, submitted a list, following which the contractor was allegedly warned that he was liable to be penalised for Rs 85 lakh for not completing the work in time. “This is a routine procedure. The contractor is given a deadline and he has to finish the work by that date. And in case he falters he is penalised in accordance with the agreement clause,” explained a senior official in PUDA’s engineering wing. Interestingly, the contractor has still not been given a copy of the report of the committee. According to the contractors, they have to hand over the complete building by December 18. “We should be given a period of 45 days after the last agency leaves the premises to hand over the building in perfect condition. But with the offices having shifted and the AC work still on, we are doing more repair work than construction,” the manager added. |
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Indians’ shaving frequency ‘lowest’ Chandigarh, October 31 Shaving frequency in India is 1.7 times per week against 1.9 times in China, 4 times in Russia, 4.1 times in Poland, 4.9 times in the US and 5 times in Germany. Also, the usage of twin blades for shaving is just 10% in India, 25% in China and 99% in the US. Lack of ready access to running water in bathrooms is also influencing the Indian shaving habits, says the study. Only about 25% of Indian self-shavers have access to running water. Most shave with a mug of water. The result was clogging of hair in the twin blades with longer beard lengths due to infrequent shaving and lack of use of running water to flush the gap between the twin blades. Clogging of hair in turn led to poor quality shaving and faster use up rate of twins as de-clogging was achieved through a variety of means that spoilt the blade edges. Two in every three shavers who tried out twins reverted back to the low-end double edge. Little wonder, the Indian market remains predominantly double-edge with 90 per cent of users continuing to use the conventional flat blade due to unique shaving habits. According to Mr Manoj Kumar, Regional Business Director, Grooming and Personal Care, India and South Asia Gillette India Limited, “a new product, called Gillette Vector Plus, has been created keeping in mind the shaving habits of a large number of Indian consumers, especially those who use double-edge blades. Infrequent shaving leads to longer stubble/hair and that coupled with use of still water leads to clogging of twin blades for people who shave infrequently. Gillette Vector Plus with 2 Gillette blades and a unique push clean button has been designed to address this and offer the consumers a smooth and close shave. They can now enjoy a good shaving experience at an affordable price.” Gillette Vector Plus follows the immensely successful launch of Gillette Vector in China. Gillette Vector was upgraded incorporating, for the first time an anti-clogging push clean technology.
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Tributes paid to Indira Gandhi Chandigarh, October 31 The Chandigarh Territorial Congress Committee (CTCC) organised a function to observe the death anniversary of Indira Gandhi here today. The CTCC president, Mr B.B. Behl, presided over the function. Paying tributes to the former Prime Minister, Mr Behl said she never succumbed before communalism. In spite of political and economic problems faced by the country, she ensured that the farmers and the poor did not suffer, he said. Mr Pawan Kumar Bansal, Member of Parliament, said it was due to the farsightedness of the former Prime Minister that Pakistan was defeated in the Bangladesh War. Today’s function was also attended by Mr Ram Pal Sharma, Mrs Sureshta Mehta, Ms Rajni Talwar, Mr Pawan Kumar, Mr Phool Chand, Mr H.S. Lucky, Mr Nitin Goel, Mr Banarsi Dass, Mr Mukesh and Mr Raj Nagpal. A number of councillors, Mr Lalit Joshi, Ms Pushpa Sharma, Ms Kamlesh, Mr Chander Mukhi Sharma and Mr Sohan Lal Vaid, were also present. FATEHGARH SAHIB: The District Congress Committee on Friday observed the death anniversary of late Prime Minister Indira Gandhi. Hundreds of Congress workers attended the function held to pay tributes to the departed leader. In his address, Vaid Hari Krishan, President, DCC, recounted the achievements made by the country under her leadership. He urged the Congress workers to follow the path shown by great leaders for the integrity and unity of the country. He condemned the anti-national forces responsible for the killing of Indira Gandhi. Mr R.N. Sharma, Mr Samsher Singh, Mr Pardeep Malhotra, Mr Joginder Singh Maini, Mr Devinder Kumar Makhan, all senior Congress leaders, also spoke at the function. After the function the Congress leaders distributed fruits in Leprosy Colony, Sirhind. |
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Board told to sink tubewell Zirakpur, October 31 Though the case in this regard is to come up for arguments before the court on November 7, the court has ordered that the work on the tubewell be continued. Earlier, the Zirakpur Nagar Panchayat had filed a petition before the court, saying that Mr Satinder Singh Dhaliwal, a resident of Chandigarh, had been trying to grab land. The petition also states that Mr Dhaliwal has got the stay orders from a sessions court against a Punjab Government ruling, which later was set aside by the high court. The Nagar Panchayat further said the said land was earmarked for the sinking of the tubewell for the general public and the civic body has already allocated funds for it. The decision was taken by passing a resolution in the House of the civic body. It may be recalled that the Zirakpur Nagar Panchayat on September 9 had removed some unauthorised structures from a piece of shamlat land adjacent to the Lohgarh police post. Following the anti-encroachment drive Mr Dhaliwal allegedly in connivance with the local police attacked Mr Nainder Sharma, president of the Zirakpur Nagar Panchayat, and fired shots at him. Villagers also opened fire at the assailants, accompanied by a Sub-Inspector (SI) and two Home Guard jawans from Dera Bassi police station. Taking a serious note of the incident the Senior Superintendent of Patiala Police had suspended SI Rattan Lal following the allegations. |
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Shanda Shasti
celebrations Chandigarh, October 31 Different kinds of sweets were made and the temple was decorated for celebrating the occasion. According to the organisers, a rath yatra will be taken out on November 1 from Sri Ayyappa Temple in Sector 47-C. The procession will culminate at Sri Karthikeya Swamy Temple in Sector 31-D.
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Citizens’ plea on judge Kharar, October 31 In a press note issued here today, he has urged that the third court which was closed sometime ago should be reopened. He demanded that a new Bench of the Additional District Judge should be created.
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Woman commits suicide
at Kharar village Kharar, October 31 The brother of the deceased, Mr Gurpreet Singh, has informed the Kharar police that all family members, except Harpreeet, had gone out to attend a marriage. When they returned home late in the night they saw Harpreet hanging from the hook. He informed the police that the deceased was mentally upset for the past many days. The police was informed about this and the body was sent to the Civil Hospital, Kharar, for post-mortem. The police has started investigations after lodging a report under Section 174, CrPC. AMBALA According to the police, the deed was identified as Radha, a resident of Naniyola. The police said the deceased was stated to be under depression. It could not be ascertained whether the woman had committed suicide or had incidentally fallen into the pond. The SDM, Ambala, visited the incident site. The police has sent the body to the Civil Hospital for post- mortem and is investigating the case. JEWELLERY LOOTED: One unidentified robber looted jewellery weighing 23 grams from a shop on Friday evening by putting chilly powder in the eyes of the owner of the shop. According to information, at 6.30 in the evening, a bearded youth came to the Shri Nath Jewellers shop located on the Prem Mandir road at Ambala City. He told Honey Verma, the owner of the shop, that there was a wedding in their family and he required a gold jewellery set for it. The jeweller showed him a set weighing 23.100 grams. The youth asked him to show more sets. The youth selected one set and told him that his elder brother was reaching there and would finalise it. But, after a few minutes, he said his brother might not come and he himself would make the final
selection. When the shopkeeper again showed him the jewellery set, the youth put chilly powder in his eyes and fled away. The jeweller shouted for help and a number of shopkeepers chased the robber, but he managed to give them the slip. The SHO, City Police, Mr Vijay Mehta, rushed to the spot. Police teams were sent in search of the robber in nearby markets, but no clue was found in this regard. A case has been registered. |
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Boy crushed
under oil tanker Dera Bassi, October 31 According to the police, Jatinder was riding his cycle towards the Ramgarh market when the tanker (HR-02GA-0157) hit his cycle knocking him down. The driver of the tanker fled from the scene after the accident. A case has been registered under Sections 297 and 304-A of the IPC. The body has been sent to the Civil Hospital, Rajpura, for a post- mortem examination.
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City to be projected as IT destination Chandigarh, October 31 This year Chandigarh will sponsor one of the main events ‘‘ trends in global outsourcing’’. This will be a day-long conference where experts from all over the world will air views. Five conferences will be held. Showcasing the potential of Chandigarh will be a team headed by the Information Technology Secretary, Mr Karan Avtar Singh. The visit by the Administrator, Justice O.P. Verma (retd), has been cancelled. The Administration will project the fact that a recent survey had placed Chandigarh as No. 1 with respect to human development index and per-capita income. The power and telecom infrastructure is far superior to most Indian cities. A business magazine has rated Chandigarh as one of the best cities for investment and this will be projected. Chandigarh has infrastructure for the IT park and the space for big and small units. Another area for focus will be biotechnology. A number of national-level institutes like the Institute of Microbial Technology (IMTECH), PGI, Central Scientific Instruments Organisation (CSIO) and Panjab University are present in the city.The latest move to allow the use of world class labs of IMTECH will also be announced. The fact that DLF has been appointed as developers of the built-up space will help attract more companies to the city. Already some of the biggest names of the IT industry like Microsoft, Infosys, Dell , Convergy’s among others are in the city or are in the process of coming. Microsoft has signed an agreement with the Chandigarh Administration. Software exports from Chandigarh are presently at Rs 100 crore. The work force available in the city, which is highly qualified and skilled, will also be projected. |
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MARKET PULSE Chandigarh, October 31 This takes the company’s portfolio of policies to 13. It also offers nine riders. The policies and riders can be customised to more than 400 combinations. Stepping Stones is a policy specifically aimed at parents looking at securing the future of their children. The product design ensures periodic paybacks fulfilling needs at various life stages of a child and also has a built-in waiver of future premiums in the case of the death of the parent. The unique features of Stepping Stones are that it offers an additional 30 per cent of the sum assured on maturity and it gives the customer the flexibility to choose the tenure of the policy — from 11 to 26 years — depending on the child’s age. Life Gain Plus is a limited-pay endowment plan that requires the customer to make limited-term premium payments and yet enjoy full-term coverage and benefits of a regular endowment plan. The unique features of Life Gain Plus are that it guarantees double the sum assured in case of the death of insured after five policy years. The policy offers a one-time guaranteed addition of 10 per cent of the sum assured on maturity to take care of any other unforeseen expenses. Anuroop ‘Tony’ Singh, CEO and Managing Director, Max New York Life Insurance Company, said with the launch of the two policies, the company had the most comprehensive policy offerings in all consumer segments in the marketplace—whole life, term, retirement and children. “The new policies are an extension of our philosophy of offering a whole range of policies designed to meet the different needs of our customers at various life stages. Parents in India today want to ensure that their children get the best of everything and Stepping Stones fulfils that need,” he said. |
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Fortune captures 18 per cent market Chandigarh, October 31 According to Mr Angshu Mallick, General Manager, Sales and Marketing, Adani Wilmar Ltd, “the total edible oil industry in India is pegged at $ 10.78 billion with total annual consumption of 11.50 million tonnes, while the edible oil indusry is growing at 6 per cent and branded refined oils at 12 per cent”. |
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