India’s Geosynchronous Satellite Launch Vehicle, GSLV-F04, is launch India’s latest communication satellite, INSAT-4CR

India’s Geosynchronous Satellite Launch Vehicle, GSLV-F04, is launch India’s latest communication satellite, INSAT-4CR, around 4.20 pm on Sunday, September 2, 2007 from Satish Dhawan Space Centre SHAR, Sriharikota. This will be the fifth flight of GSLV.

INSAT-4CR carries 12 high-power Ku-band transponders designed to provide Direct-to-home (DTH) television services, Video Picture Transmission (VPT) and Digital Satellite News Gathering (DSNG).

The launch campaign is progressing satisfactorily at SDSC SHAR. The satellite has already been integrated with the launch vehicle and on August 24, 2007, the launch vehicle was moved to the Second Launch Pad at Satish Dhawan Space Centre, Sriharikota.

Bajaj closes Akurdi plant, blames govt


Close on the heels of announcing a four-day week at its Akurdi (Pune) plant, Bajaj Auto today said it would close down the facility from September 1.

In a statement, Bajaj Auto Managing Director Rajeev Bajaj said: “The Akurdi plant closure is necessitated not for any failure on the part of the workmen or the management, but largely due to the impact of government policies on capacity rationalisation, chiefly the regional distortions created by inconsistent tax benefits, and the continuing evil of octroi in Maharashtra in contrast to the rest of the country.”

The company had declared four-day week at the plant from last Friday. The production at the 200-acre plant had declined sharply in the last two years. Besides, it was not clear whether the plant would ever regain its lost glory as the company had already created and planned large capacities in Pant Nagar in Uttarakhand and Chakan near Pune.

Upset with the company’s decision, workers’ unions had planned agitations as they saw this as a ploy to shut down the plant. The company statement said the workers would receive full wages for five days of the week and 50 per cent for the sixth day.

Allaying speculation that the company is planning a voluntary retirement scheme (VRS) for its 2000-odd workers at the plant, the company communication said there was no such plan as the company had offered VRS several times in the past.

The statement said no vehicles would be produced at this plant from September 2007 onwards though component production for supplies to other plants would continue and other corporate functions.

GEICO

Understanding Your Auto Insurance

Auto insurance can seem confusing. But once you understand the different types of coverages that make up your policy, it’s not hard at all. Your auto insurance is really a package of seven primary coverages. Taken together, these coverages make up a standard auto policy. Each of these coverages has its own separate premium. Your premium payment is the total of these separate premiums.

In addition to the primary coverages, for additional premiums you can also add on coverages such as GEICO’s Mechanical Breakdown Insurance and

1. Bodily injury liability provides protection if you injure or kill someone while operating your car. It also provides for a legal defense if another party in the accident files a lawsuit against you.
   
   In the event of a serious accident, you want enough insurance to cover a judgment against you in a lawsuit, without jeopardizing your personal assets.
   
   Bodily injury liability covers injury to people, not your vehicle. Therefore it’s a good idea to have the same level of coverage for all of your cars.
   
   
2. Medical payments, no-fault or personal injury protection coverage usually pays for the medical expenses of the injured driver and passengers in your car. There may also be coverage if you are injured by a vehicle as a pedestrian.
   
   
3. Uninsured motorists coverage pays for your injuries caused by an uninsured driver or, in some states, a hit-and-run driver, in a crash that is not your fault. In some states there is also uninsured motorist coverage for damage to your vehicle.
   
   Given the large number of uninsured motorists, this is very important coverage to have, even in states with no-fault insurance.
   
   
4. Comprehensive physical damage coverage pays for losses resulting from incidents other than collision. For example, comprehensive insurance covers damage to your car if it is stolen; or damaged by flood, fire or animals. To keep your premiums low, select as high a deductible as you feel comfortable paying out of pocket.
   
   
5. Collision coverage pays for damage to your car when your car hits, or is hit by, another vehicle or other object.
   
   To keep your premiums low, select as large a deductible as you feel comfortable paying out of pocket. For older cars, consider dropping this coverage, since coverage is normally limited to the cash value of your car.
   
   
6. Property damage liability protects you if your car damages someone else’s property. It also provides you with legal defense if another party files a lawsuit against you. It is a good idea to purchase enough of this insurance to cover the amount of damage your car might do to another vehicle or object.
   
   
7. Rental reimbursement coverage pays for a rental vehicle (usually up to $25 a day) when the insured's vehicle is out of commission as a result of a loss covered under comprehensive or collision coverages.

Policyholder Information

Policyholder Information Packet (free video and packet)

This contains information every policyholder should know about their policy and how to be prepared in case of an accident.

Car Loans to NRIs

Car Loans to NRIs

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