National Security will be Improved By UID Number

National-SecurityThe Unique Identification Authority of India has announced that all the residents of the country are to be given a Unique Identification number and the main goal behind it was to improve the national security.

It has been reported that getting full coverage was not an easy task and it is evident that completing the whole process would take a few years at the least. The necessity of the number was said to be for identification purpose and for necessary tracking only.

It was made clear through reports that the UID number did not offer any privilege to any person and there would come a time when it would be absolutely necessary to have this unique number.

It has also been reported that they were to begin issuing the Unique Identification numbers within 18 months and the long term plan is to issue the number to more than 600 million people within the next five and half years. It has been announced that after a certain period of time, the hotels would require this number to book a room and if the identity seemed suspicious, it would result in tracing and in either way it would be useful for maintaining the security.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.