Car sales crossed over 1.5 lakh in February an increase of 33 percent compared to last year. Fear of withdrawal of stimulus leading to higher taxes, increase in auto interest rates, new emission norms which will further increase car prices are some of the factors which caused the car sales to peak in February. Maruti [...]
Lower Tariff Rates Boosts Telephone Subscription to 543 million
Driven by low tariff plans the telephone subscriber’s base rose from 525.65 million in October, registering a growth rate of 3.34 per cent, to 543.20 million in November. The wireless subscription grew by 3.61 percent to 506.04 million in November from 488.40 million in October. In November, the GSM operators added 11.64 million new users [...]
Rural India Yet To Get Access to Formal Sources of Credit
India has been shining bright on the world map however, the conditions in the rural areas of the country can still only be described as abysmal. While people in the urban areas enjoy world class facilities, almost 73% of rural India is yet to get access to formal avenues of financial credit. As a result [...]
Literacy Rate in India
Literacy plays an important role to develop any country or society. Literacy can lead to health awareness and empower people to participate in the cultural and economic well being of the country. Though literacy has improved considerably after Independence, it still lags behind compared to other countries. National Sample Survey Organization (NSSO) estimates that India [...]