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Nabard pumps in Rs 10,000 cr to refinance banks
The National Bank for Agriculture and Rural Development (Nabard) has pumped in Rs 10,000 crore till August to refinance banks, of the targeted Rs 33,500 crore, Nabard Chairman U C Sarangi said today.

Letters: What autonomy?
Everyone in a democracy has the right to express their opinions, but this right needs to be tempered sometimes. Tower of Babel (December 31) rightly points out that there are too many conflicting voices on the economy from senior government officials, and this is confusing the markets. There are various estimates of growth and the latest in this is from the Chief Economic Advisor who thinks India will move back to 9 per cent next year, and will overtake China in the next three-four years. If all of this is going to happen without India undertaking any serious reforms, why are we even worried about reforms — 9 per cent growth with a population growth of 1 per cent is more than good enough.

News of the day

'Sasta' Ulips: Low on charges, low on cover
After the Insurance Regulatory Development Authority (Irda) capped charges on unit-linked insurance plans (Ulip), insurers have started trying their hand at low-cost products. Aegon Religare, for example, is advertising its Invest Maximiser Plan as ‘Sabse Sasta Ulip’. And, Reliance Life Insurance has come up with Premier Life.
Management

GE Healthcare launches low-cost portable ECG

Taking its “In India, for India” initiative further, GE Healthcare today launched MACi, a low-cost portable ECG device. - GE Healthcare"s new initiatives to expand IT India biz - GE sees healthy gains in low-cost medical devices - "Healthcare, energy biz will be biggest growth engines" - Wipro GE to consolidate healthcare biz - Wipro to integrate GE"s healthcare biz in India - "We should be able to clock 20% growth in India" Aimed at bringing down healthcare costs in rural India, the new hand-held device comes with a one-touch operation. It is capable of completing 250 ECGs for every 3-hour battery charge, and is particularly suited for rural India where healthcare is delivered through primary health clinics, said V Raja, President & CEO GE Healthcare South Asia. GE Healthcare is already selling MAC-400 in India, a portable 3-channel ECG device. While MAC-400 costs about Rs 50,000, the newly launched MACi is a single channel ECG device priced at Rs 25,000. This stripped-down version of the MAC series is part of GE Healthcare’s Rs 28,000-crore “Healthy Imagination, Global Initiative” project. MACi is developed in GE Healthcare"s R&D Centre in Bangalore and is being manufactured by the joint venture company Wipro GE Healthcare. As part of its strategy to expand its current IT India business, GE Healthcare today also unveiled its initiatives. “The initiatives will help by offering strong healthcare connectivity and resources to India, which has lagged behind in this key area of healthcare delivery,” Vishal Wanchoo, president and CEO of GE Healthcare IT, said.


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