Per capita income of 117 crore Indians in FY10 is Rs46,492

The new per capita income estimate at current market prices is over Rs2,000 more than the previous estimate of Rs44,345 calculated by the Central Statistical Organisation (CSO)

New Delhi: The per capita income of Indians grew by 14.5% to Rs46,492 in 2009-10 from Rs40,605 in the year-ago period, reports PTI quoting the revised data released by the government.

The new per capita income estimate at current market prices is over Rs2,000 more than the previous estimate of Rs44,345 calculated by the Central Statistical Organisation (CSO).

Per capita income means earnings of each Indian if the national income is evenly divided among the country's population at 117 crore.

However, the increase in per capita income was only about 6% in 2009-10 if it is calculated on the prices of 2004-05 prices, which is a better way of comparison and broadly factors inflation.

Per capita income (at 2004-05 prices) stood at Rs33,731 in FY10 against Rs31,801 in the previous year, the latest data on national income said.

The size of the economy at current prices rose to Rs61,33,230 crore in the last fiscal, up 16.1% over Rs52,82,086 crore in FY' 09.

Based on 2004-05 prices, the Indian economy expanded by 8% during the fiscal ended March 2010. This is higher than the 6.8% growth in fiscal 2008-09.

The country's population increased to 117 crore at the end of March 2010, from 115.4 crore in fiscal 2008-09.

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Tata Motors offers special scheme on Tata Nano for defence personnel

Tata Motors is offering free comprehensive maintenance package for four years/60,000km

Tata Motors Ltd has announced a special scheme on Tata Nano for all defence personnel. As part of the scheme, Tata Motors is offering free comprehensive maintenance package for four years/60,000km (whichever is earlier). This offer is over and above the prevalent market offer. This comprehensive package covers normal wear and tear of the car (except, tyres and batteries), thus, providing complete freedom from all maintenance worries. This offer is valid till 28 February 2011.

Tata Nano is available through CSD for officers and PBOR's (Personnel below officer rank).

The three trim levels and their key features are: Tata Nano Standard: The standard version, in three colour options, single-tone seats, and fold-down rear seat. Tata Nano CX: In five colour options, with heating and air-conditioning (HVAC), two-tone seats, parcel shelf, booster-assisted brakes, fold-down rear seat with nap rest and Tata Nano LX: With the features of CX plus complete fabric seats, central locking, front power windows, body coloured exteriors in three premium colours, fog lamps, electronic trip meter, cup holder in front console, mobile charger point, and rear spoiler. Many of these features are not available on current entry-level small cars in the country.

On Monday, Tata Motors ended 0.22% up at Rs1,148.25 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.37% to 18,327 points.

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Rolta’s Q2 consolidated PAT at Rs154.18 crore

Rolta India consolidated revenue for the December 2010 quarter stood at Rs441.15 crore compared to Rs375.56 crore in the corresponding quarter last year

IT company Rolta India Ltd said its consolidated profit after tax (PAT) (including exceptional item) for the second quarter ended 31 December 2010 increased to Rs154.18 crore from Rs62.79 crore in the corresponding quarter last year, registering a Y-o-Y growth of 145.5% and sequential growth of 106.2%.

The company's consolidated revenue for the December 2010 quarter stood at Rs441.15 crore compared to Rs375.56 crore in the corresponding quarter last year, registering a Y-o-Y growth of 17.5% and sequential growth of 3.2%.

Exceptional item for the December 2010 quarter represents gain of Rs103.65 crore (net of tax Rs76.07 crore) towards sale by the company of its 50% shares in Shaw Rolta Ltd to its joint venture partner, Stone & Webster, Inc-a subsidiary of The Shaw Group, Inc. The effective date of this transaction is 31 December 2010.

On Monday, Rolta ended 2.21% down at Rs134.70 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.37% to 18,327 points.

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