Mukherjee to be sworn-in as 13th Indian President on Wednesday

Chief Justice of India SH Kapadia will administer the oath to President-elect Mukherjee at 11:30am on Wednesday

New Delhi: Pranab Mukherjee will be sworn in as the 13th Indian President on Wednesday at a special ceremony in the Central Hall of Parliament, reports PTI.
Chief Justice of India SH Kapadia will administer the oath to Mukherjee at 11:30am in the presence of Vice President Hamid Ansari, Prime Minister Manmohan Singh, Lok Sabha Speaker Meira Kumar, UPA chairperson Sonia Gandhi, Union Ministers, Governors, Chief Ministers and a host of dignitaries, a Home Ministry communique said.
The function will begin with the arrival of outgoing President Pratibha Patil and President-elect Mukherjee in a ceremonial procession from the Rashtrapati Bhawan to the Parliament Building. They will be received by Kapadia, Ansari and Kumar and escorted to the Central Hall.
After Mukherjee takes over, he will be given a 21-gun salute, address the gathering and then leave for the Rashtrapati Bhawan with Patil.
Mukherjee will be given an inter-services guard of honour in the forecourt of the Presidential palace.
He will then escort Patil to her temporary accommodation on Tughlak Lane where she will stay till her post-retirement home in Pune is ready.


Dabur Q1 net profit up 17% to Rs149.4 crore

Dabur attributed the good performance in the first quarter to strong growth in key categories like health supplements, shampoos and foods

New Delhi: FMCG major Dabur India on Monday reported 16.96% increase in its consolidated net profit for the quarter ended 30th June at Rs149.40 crore on account of growth in health supplements, shampoos and foods, reports PTI.
The company had posted a net profit of Rs127.74 crore in the corresponding period last year, Dabur India said in a statement.
The consolidated net sales during the first quarter went up by 21.4% to Rs1,461.97 crore from Rs1,204.58 crore in the year-ago period, it added.
The company attributed the good performance in the last quarter to "strong growth in key categories like health supplements, shampoos and foods", the statement said.
Commenting on the numbers, Dabur India Chief Executive Officer Sunil Duggal said: "Despite signs of an economic downturn and increased competitive intensity in the market, Dabur India has accelerated volume growth ahead of the market in its key categories."
The company has laid foundation for strong and profitable growth in the future with a range of initiatives that includes doubling its distribution footprint in rural India, he added.
The company's foods business, led by packaged fruit juice brands Real and Real Activ, grew 34.5% in the first quarter.
"The shampoo category marked a strong resurgence and ended the quarter with a 23% growth, while the health supplements business reported an 18% growth," the company said.
Home care category closed the quarter with a 14.4% increase, while the skin care business went up by 13.3% during April-June period, it added.
"Both domestic and International business reported strong growth during the first quarter, growing at 20% and 24% respectively," Dabur India said.
The growth in overseas markets was driven by Gulf Cooperation Council, Nigeria and Egypt, it added.


Rural market in India is a $1.8-trillion opportunity, says HUL


According to HUL chairman Harish Manwani, rural India is a powerhouse bigger than urban markets with a potential opportunity of $1.8 trillion 

Mumbai: Indicating that Hindustan Unilever Ltd (HUL) which sells almost 40% of its brands in the hinterlands will increase its focus on rural markets, the consumer goods major on Monday called for convergence of urban and rural marketers so that prosperity spreads to the rural areas, reports PTI.
Describing rural India as a powerhouse which can even be bigger than the urban markets, HUL chairman Harish Manwani said, "rural India is an incredible opportunity of potentially adding $1.8 trillion to our economy, equal to current GDP."
Addressing shareholders at the 79th annual general meeting of the company in Mumbai today, Manwani said, "it is often said there are two Indias--Bharat which exists in villages and India that thrives in urban areas. If we want to make a mark on the global stage, then these two Indias must converge."
Manwani further said, "We have an opportunity to create a thriving rural middle-class, even bigger than in urban India. We need to build a new generation of leaders and entrepreneurs from villages who will help power the future of our nation."
He also said a new vision for agriculture will uplift millions of small farmers but added the country needs to look beyond agriculture and we need a strategy to provide rural India access to markets and technology, financial inclusion and human capital development.
Calling for improving agricultural productivity, he said, "if our agricultural growth can pick up to 4% as envisioned by the Planning Commission, the cascading impact that rural prosperity will have on the national economy could add up to an additional 2% to our GDP and enable us to go for double-digits growth."
Manawani also emphasised on sustainable sourcing and said the company is working in Karnataka, Punjab and Maharashtra with small tomato farmers to help them adopt sustainable agricultural practices.
"In 2011, 60% of tomatoes used in Kissan Ketchup in the country were from sustainable sources," he said.
He further said the company's wide distribution reach can help the Reserve Bank in its financial inclusion plan.
"Along with the government, banks and corporates can play a synergistic role in realising this plan. Companies like HUL have a wider distribution network than any government agency as our products reach almost every village in the country. And leveraging this high quality last-mile can help bring financial inclusion to every Indian," he said.
Manwani pointed out as to how access to urban services had led to new sources of livelihood in villages located in 19 rural-urban clusters like the National Capital Region, which has emerged as a single geographical entity from Meerut in UP to Faridabad in Haryana.
"Creating another 50 rural-urban hubs where every village is within one hour of travel to an urban centre would be transformational. This could ensure that over two-thirds of the rural population have easy access to urban India. These urban hubs will support rural areas and become the big markets of tomorrow," he said.



Anil Agashe

4 years ago

Zeros have lost all meaning. How did he calculate this amount, he should explain because this is greater than India's current GDP! And what is the time frame for achieving this?

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