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Girding for retirement
I am 59 years old and wish to retire in February 2010. I want to create a pension fund and also seek regular tax-free returns from mutual funds. I own a house and don"t have any liabilities.

Mamata dismisses Lalu Prasad's claims on Indian Railways' turnaround
Railway Minister and Trinamool Congress chief Mamata Banerjee today hit her predecessor Lalu Prasad where it hurt him most—on the supposed turnaround of Indian Railways during Prasad’s regime.

News of the day

Govt may import up to 2 MT rice
The government is planning to import up to two million tonnes of rice to augment domestic supply, as production of the foodgrain is projected to decline due to the twin impact of drought and floods. The Centre, which had scrapped import duty on rice last month, may also consider incentivising imports, sources said.
Public Relations

Rs 1-crore designer Nano to hit the roads soon

The Rs 1-lakh wonder Nano will soon enter the elite league thanks to auto design company DC, which today said it would unveil a redesigned version of the world’s cheapest car within two months, with a price tag of Rs 1 crore. “The Rs 1-crore Nano will be ready for public unveiling within two months ... We will make one car to begin with but if there is more demand, then we will make additional units,” DC Designs Promoter Dilip Chhabria told reporters on the sidelines of the 10th Auto Expo. - Rs 1-cr designer Nano to hit the roads soon - I still have deadline for retirement: Ratan Tata - "Our Indian operations are helping us better the technology" - Bosch develops diesel engine for Nano - Tata Motors Dec sales more than doubles at 51,627 units - First medical device cluster to come up next to Nano in Sanand He said the design and development of the car would involve an expenditure of around Rs 1 crore, of which the company has already invested 90 per cent. “I don’t think there will much demand for the car. For us, it is more a case of showcasing India’s prowess in the global automotive design market,” Chhabria said. He said Tata Motors, the maker of Nano, is not involved in the redesigning process. “We already have a couple of Nanos with us and our redesigning was carried out in those cars. The Rs 1-crore car will be fitted with lot of high-end technologies” he said.


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