CBO: Budget deficit to drop ‘markedly’, threatens economic stability

The CBO has released their latest estimates for the budget deficit and the news is mixed.  The good news is that the budget deficit is likely to stay large through 2012.  The bad news is that it is expected to drop off ‘markedly’ after that.

Read Article...

User

Maruti reports first monthly sales rise since May 2011

In January this year, the national capital-based Maruti Suzuki India sold 1,01,047 units in the domestic market against 1,00,422 units in January 2011.

The country's largest car-maker Maruti Suzuki has made a turnaround in monthly sales after seven consecutive months of drop, with the company reporting 5.18% rise in sales to 1,15,433 units for January 2012. The company had sold 1,09,743 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. MSI's sales had declined for the seventh consecutive month in December 2011 with the firm reporting 7.1% fall at 92,161 units.

In January this year, the national capital-based company sold 1,01,047 units in the domestic market against 1,00,422 units in January, 2011. In a similar fashion, MSI's exports increased by 54.34% to 14,386 units in January, from 9,321 units in the year-ago period, the company added. Total passenger car sales in the domestic market went up by 2.42% to 88,377 units last month from 86,285 units in the same month of 2011, it added. However, sales of the company's mini-segment cars, including the M800, A-Star, Alto and WagonR, fell by 2.38% to 52,036 units from 53,304 units in January, 2011.

In the compact segment (comprising the Estilo, Swift and Ritz models), MSI witnessed a 22.35% up in sales to 25,756 units from 21,051 units in the same month a year ago. Sales of MSI's DZiRE model, however, decreased by 11.61% to 8,637 units from 9,771 units in the corresponding period a year ago.

In addition, MSI's mid-sized sedan SX4's sales slipped by 9.77% to 1,939 units from 2,149 units in the year-ago month. Luxury sedan Kizashi witnessed sales of 9 units.

In the late afternoon, Maruti Suzuki India was trading at around Rs1210.90 per share on the Bombay Stock Exchange, 1.97% up from the previous close.

User

‘Companies try to reduce cost of employee health benefits:’ Periscope survey 2011

“Employees’ health benefits changes are driven primarily by cost concerns and a desire to infuse employees with a sense of responsibility:” Periscope survey 2011 by Vantage Insurance  Brokers.

Periscope Survey 2011 is a survey by Vantage Insurance Brokers and is a combination of employer survey, insurer survey and trend survey with respect to health insurance benefits provided to employees by employers. The key areas include benefits, claims, premiums and insurance partners.

The key findings of the survey include the fact that the most important objective behind changes made to benefits has been to contain costs. However, employers also stressed that it is equally important to make the employees more responsible towards usage of the health benefits. Room rental restriction is the most popular risk control measure with 87% of the employers adopting this restriction in the policy in 2011.

Co-payment on claims is the second-most popular risk control measure and it has been adopted by 45% of the employers. Cost sharing measures seem to be gaining popularity amongst employers with co-pay/ deductible and premium contribution by employees emerging as the most common change planned for 2012 or later.

While employers believe that the benefits of voluntary parents policy have been well - communicated and that their employees have embraced it as a positive step, the data shows a significant disconnect. Employers, on an average, believe that 42% of their employees have opted for this benefit whereas the actual average enrolment, as revealed through the data analysis, is significantly lower at 19%.

Cashless claims have risen 26% over the two year period between 2008 and 2010 while re-imbursement claims have gone up 9% in the same period. This represents an annualized increase of approx. 10% in average claim size for these 2 years. The survey analysis suggests an upward trend in the average claim size with the increasing sum insured. 60% of the surveyed employers are seeking to control claims through employee awareness. 50% of the employers surveyed are looking at implementing health and wellness initiatives to encourage employees to take better care of their health.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)