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Biotech Regulatory Authority bill a huge Step for Future Market Development: Environment Minister

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Biotech Regulatory Authority bill a huge Step for Future Market Development: Environment Minister Description  :  Industry Date  :  Aug-19-2010 The Biotechnology Regulatory Authority bill, scheduled to be introduced in Parliament imminently, will not open the floodgates to genetically modified (GM) food. Environment Minister Jairam Ramesh said, "I believe that when the Bill will be introduced, it will address the concerns that have been expressed by the civil society groups that it will open floodgates for all GM foods. Nothing like it". He further added, "It's just exaggerated notion of non-reading of the Bill. Once it is presented in Parliament, we all will see that the integrity of environmental assessment process has been maintained" The Bill seeks to create a new body to regulate research, manufacture, import and use of products of modern biotechnology. The need for a biotech regulator was highlighted during the recent controversy over introduction ...
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Current assets Managements

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Current assets Managements - Working Capital Management   These are the assets that are generated during the course of operation and are capable of converting into cash benefits in a given span of time. It's the responsibility of the finance department to ensure that company has sufficient funds to invest in the current assets otherwise it will hamper the ongoing business operations and may obstruct production. Therefore the department should not block funds in un-necessary activities and should ensure optimal utilization of resources and funds
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BSLI reports profits worth around INR 9 Crore for Q1 FY 2011

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Description  :  Corporate Date  :  Aug-04-2010 For the quarter ending June 2010, the Birla Sun Life Insurance (BSLI) netted a profit of around INR 9 crore. This was the first time that the company reported profits, since the time of its commencement. Last year the company reported a loss of around INR 111 crore. The statement issued by the company said, "Driven by the growing size of in-force book, BSLI achieved a net profit of Rs 9 crore." In addition to this, between April 2010 and June 2010 the company witnessed a growth of around 18% in the total premium income. The total premium income reached around INR 1,143 crore during the same period. Also, during the same period the income from new business premiums reached INR 473 crore, representing a growth of around 7%. Also, the income from the asset management grew by around 44% to reach INR 16,841 Crore during Q1 FY 2011 up from around INR 11,670 crore in Q1 FY 2010. Established in 2000, Birla Sun Life Insu...
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