The state run general insurance companies are setting up a common TPA (third party administrator) to settle medical insurance claims, a move aimed at trimming their unwieldy claims ratio & boosting profitability. The claims ratio,or percentage of claims to the premium ear…
Bulk SMS: Higher Charges ..!
Looking to tackle unwanted telemarketing SMS, the TRAI (Telecom Regulatory Authority of India) has said that concessional SMS tariffs offered by operators will be applicable only for 100 SMS a day, after which a minimum of 50 paise per message will have to be paid. Last yea…
Chennai Residential buildings: Get More Parking Space, Multilevel Car Parking Facilities..!
The residential
buildings in Chennai city will be able to construct multilevel car parking
facilities above ground integrated with the main building following an order
passed by the Housing and Urban Development Department. This is a long
pending demand of builders / promote…
Indian Real Estate Regulation Bill in Winter session of Parliament
The Indian Real
Estate Regulation Bill, which aims to establish a regulatory authority for the
real estate sector, is likely to be tabled in the upcoming Winter session of
Parliament, Union Housing & Urban Poverty Alleviation Minister Mr. Ajay
Maken said recently. Minist…
Safety : Residential Apartment Administration System..!
Residential Apartment
Administration System (RAAS), the brainchild of Chennai based Mr. Sridhar
Ramanathan, is an innovative software application that helps the management of
middle to large sized residential complexes. Saving Time and
Confusion,,! Mr. Sridhar, Srishans
Consu…
Buildings Alone Responsible for 40% of Energy Use by Mr. Nand Kumar, ACC Ltd
India's construction
industry, one of the largest contributors to the Indian economy, is also
contributing to the degradation of the environment.This industry has led
business leaders, government officials & non-governmental organisations
address to one intrinsic qu…
Indian Real Estate Capital Markets Predictions for 2013
by Mr. Ramesh
Nair, MD (West), JLL India In 2013, the
availability of debt capital is likely to increase while the flow of equity
capital will remain more or / less stable. The bid-ask spreads will reduce,
increasing overall transaction volume even as additional cuts in CRR …
Microsoft's Windows 8: New Features and Disappointments..!
Windows 8 is finally here & it brings many changes to the table. Mr. Karan Bajaj (ET) takes you through some cool new features, unexpected disappointments & some of the great new hardware designs on offer. Great New Features..! The Ribbon..! The Explorer menu bar uses t…
Social Security Agreements : PF Refund for Expatriates..!
Expatriates from some countries may soon be able to withdraw their PF (provident funds) before they reach 58 years. The ministry of labour & employment has issued a notification last month (October 2012) allowing PF refund for expatriates coming from countries that have …
Reserve Bank Asked Banks: Do not Reject Any Education Loan..!
The Reserve Bank of India (RBI) recently asked banks not to reject any educational loan application even if the residence of the borrower does not fall under their service area. RBI said in a notification "... banks are advised not to reject any educational loan applica…
