Life insurance policy is a complex financial instrument that promises to pay the family of the policy holder a definite amount of money at the time of the policy holder's death. It is meant to secure the future of the dependents of the policy holder.
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Expressing concern that the share of the manufacturing sector has not picked up since 1990s Commerce Minister Anand Sharma on Monday said that the government wants the sector to contribute at least 22 percent of the GDP from the present 16-17 percent.
Garment exports from India to the US, the European Union and Japan are likely to pick up in months ahead on the back of improvement in their retail markets, Confederation of Indian Textile Industries (CITI) General Secretary D K Nair said.
Evonik Energy Services, the Indian arm of German power generation major Evonik Industries, Monday said it plans to pick up equity worth about $133 million (Euro 100 million) in various power projects where it is involved as an engineering and services partner.
Exports from the country in the current financial year may fall 11 to 14 percent to US $160-165 billion from US $185 billion in the previous fiscal despite a pick up since November 2009, Commerce and Industry Minister Anand Sharma said on Tuesday.