June core infra grows at 7.3%
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Dear All,
June core infra grows at 7.3%
Electricity, cement, coal and steel grow robust
The core infrastructure grows to 7.3% (Y-O-Y) in June 2014 as compared to 2.3% (Y-O-Y) in May 2014. The combined index of Eight Core Industries stands at 163.9 in June 2014 with a growth rate of 7.3% in June 2014 as compared to 1.2% in June 2013. Crude oil and Natural gas registered a growth rate of 0.1% and (-) 1.7% respectively in the month of June 2014.
Sector wise trend in monthly production (% growth)
Sector | Weight in IIP | Jun’14 | May’14 |
Crude Oil | 5.22 | 0.1 | (-)0.3 |
Natural Gas | 1.71 | (-)1.7 | (-)2.2 |
Petroleum Refinery Products | 5.94 | 1.2 | (-)2.3 |
Coal | 4.38 | 8.1 | 5.5 |
Fertilizer | 1.25 | (-)1 | 17.6 |
Electricity | 10.32 | 15.7 | 6.3 |
Cement | 2.41 | 13.6 | 8.7 |
Steel |
| 4.2 | (-)2.0 |
Overall |
|
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
In cumulative terms, core infrastructure industries registered a growth of 4.6% during April-June 2014-15 as against 3.7% during the corresponding period of the previous year.
Sector wise trend in production (% growth)
Sector | Weight | Apr-June 2014-15 | Apr-June 2013-14 |
Crude Oil | 5.22 | (-)0.1 | (-)1.4 |
Natural Gas | 1.71 | (-)3.9 | (-)17.6 |
Petroleum Refinery Products | 5.94 | (-)1.1 | 4.3 |
Coal | 4.38 | 5.6 | (-)1.7 |
Fertilizer | 1.25 | 8.6 | 2.5 |
Electricity | 10.32 | 10.9 | 3.3 |
Cement | 2.41 | 9.5 | 3.4 |
Steel |
| 1.6 | 13.5 |
Overall |
|
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
Electricity generation grew by 10.9% during Apr–June 2014-15 as against 3.3% growth during Apr–June 2013-14, while steel production grew by 1.6% during Apr– June 2014-15 as against 13.5% during Apr- June 2013-14. The production in crude oil grew by (-)0.1% during Apr– June 2014-15 as compared to its growth at (-) 1.4% during Apr– June 2013-14, whereas petroleum refinery production registered a growth of (-)1.1% during Apr– June 2014-15 as compared to 4.3% during Apr– June 2013-14. Fertilizer production grew by 8.6% during Apr– June 2014-15 compared to its growth at 2.5%during Apr– June 2013-14 and cement production grew by 9.5% during Apr– June 2014-15 compared to its growth at 3.4% during Apr– June 2013-14.
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IFAD President coming to India to discuss sustainable agriculture and women’s empowerment
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From: Manoharan <k.manoharan@unic.org> Thu, 31 Jul ’14 2:23p
To: <unic.india@unic.org>
IFAD President coming to India to meet Union Ministers and discuss ongoing partnerships in support of sustainable agriculture and women’s empowerment
Transforming rural communities starts with investing in rural people
New Delhi, 31 July 2014 – The President of the International Fund for Agricultural Development (IFAD), Kanayo F. Nwanze, will arrive in India on Monday, 4 August on a 5–day official visit to meet various Union Ministers, including the Minister of Finance, Mr. Arun Jaitley, and Rural Development Minister, Mr. Nitin Gadkari, to discuss how rural transformation and gender empowerment are vital to sustainably reduce poverty and drive inclusive growth.
Nwanze’s visit to India comes on the heels of Member States forwarding to the United Nations General Assembly a set of proposed goals that consider the economic, social and environmental elements necessary to improve people’s lives and protect the planet for future generations. The goals include promoting sustainable agriculture, women’s empowerment and the management of natural resources. In addition, the proposed goals outline advancing “decent work for all” and a pledge to reduce inequality within and among countries.
“One of the causes of poverty is inequality, both between rural and urban areas, and women and men,” Nwanze said prior to arriving in India. “If we are to eradicate hunger and poverty, we need to level the playing field by empowering poor rural people to take charge of their own development and create policy environments that increase investment in them.”
With an annual population growth rate of 1.3 per cent, India is projected to become the most populous country in the world by 2035. Since more than half of India’s population is under the age of 25 and many are looking for work, it will be critical to transform rural areas into vibrant places that give young women and men opportunities.
“The youth and women of India are some of its greatest assets,” Nwanze said. “If we invest in them, they will get the job done.”
IFAD has been working in India for more than 30 years and has financed 26 projects for a total value of US$2.48 billion of which IFAD has contributed $877.3 million, directly benefiting 4.3 million households.
In rural India, agriculture and related sectors employ more than 90 per cent of the total female labour force. Working with the government of India, IFAD aims to improve the lives of women. As a result of IFAD-supported work in the country more than 116,000 self-help groups with 1.5 million members have been formed. These women’s groups have proven to be an effective way to reduce gender-based violence, change social attitudes and enable women to start up small businesses.
While in the country, Nwanze will be speaking about the changing role of women in the economic transformation of family farming at a regional conference organized by the MS Swaminathan Research Foundation. The event will be open to the media.
On his final day in the country (9 August), Nwanze will visit the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) headquartered in Hyderabad, which conducts agricultural research for development in Asia and sub-Saharan Africa.
NOTE TO EDITORS:
On Tuesday, 5 August, at 11:30 a.m., the IFAD President will deliver a public lecture on the importance of research for agricultural development. The lecture is being hosted by the Trust for Advancement of Agricultural Sciences (TAAS) Foundation at the National Agricultural Science Centre (NASC) located in the Pusa Institute (Todapur Road/Inderpuri side), New Delhi.
Through regional grants to research institutions, IFAD has contributed to a large number of pro-poor research solutions, such as stress-tolerant-rice seeds and flood-resistant rice carrying the Sub1 gene. The public lecture is open to media.
*
The International Fund for Agricultural Development (IFAD) invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided about US$15.8 billion in grants and low-interest loans to projects that have reached some 430 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub.
The public lecture is at the Trust for Advancement of Agricultural Sciences (TAAS) Foundation at the NASC complex (National Agricultural Science Center where the all CG Centers are located and the lecture will be the in A.P. Shinde Symposium Hall). The President will speak on “Sustainable Agricultural Development – IFAD’s experience”
*
RAJIV CHANDRAN
National Information Officer
United Nations Information Centre for India and Bhutan
55 Lodi Estate, New Delhi-110003, INDIA
Phone: 91-11-4653-2237
mobile: 98106-06833
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….and on Twitter: @UNICDELHI
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Categories : Business
PRESS MEET on the occasion of the announcement of Q-1 Financial Results 2014-15
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PRESS MEET
on the occasion of the announcement of
Q-1 Financial Results 2014-15
Shri S. L. Bansal
Chairman & Managing Director
Oriental Bank of Commerce
Cordially invite you to a
PRESS MEET
on the occasion of the announcement of
Q-1 Financial Results 2014-15
on Monday, 4th August, 2014
at
Oriental Bank of Commerce,
Corporate Office
Plot No 5 , Sector 32
Institutional Area , Gurgoan – 122001
at 12.30 PM
Press Meet will be followed by Lunch
RSVP
Andy : 9999573707
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What is the contribution of rail to the UK economy?
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What’s happening at GBO: A Masterclass for everyone
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International news
31072014Iraqi Shi’ite militias execute, hang 15 Sunni Muslims
Shi’ite militias shot 15 Sunni Muslims and then hung them in a public square Wednesday in Baquaba, a mixed Shi’ite and Sunni town 65 km north east of Baghdad, according to police sources, Reuters reports. A police source said that the action against the victims, who were kidnapped over the last week, was designed to deter Sunnis from supporting the Islamic State, an Al-Qaeda offshoot, which has seized swathes of land in northern Iraq. Shi’ite militias are seen as a vital line of defense in Iraq and have stepped into the breach to challenge the hardline Islamist Sunni insurgents after the US-funded Iraqi army crumpled in the face the Islamic States’ onslaught and extreme violence.
Rival militias agree to Tripoli airport ceasefire amid chaos
Rival militias fighting for control of Tripoli airport agreed Wednesday to a temporary ceasefire. The move was prompted by the need to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket, Reuters said. There has been a fortnight of the worst fighting since the 2011 war that ousted Muammar Gaddafi. Most Western governments have followed the US and UN pulling their diplomats out of the North African country.
34 people dead in Guinea concert stampede
At least 34 people have died and dozens injured in a stampede in Guinea, West Africa, during a concert by local rap group Instinct Killers to mark the end of the Holy Month of Ramadan. The concert took place Tuesday evening on a beach in Ratoma, a northern suburb of the capital, Conkary. Eyewitnesses told Reuters that up to 10,000 people were at the event. The president’s office has declared a national day of mourning.
Two former Khmer Rouge leaders stand trial for genocide
Khieu Samphan, the Khmer’s former head of state, and Nuon Chea, Pol Pot’s deputy, the Maoist regime’s infamous leader, are beginning their second trial in Cambodia’s capital, Phnom Penh. The pair are already on trial for war crimes and crimes against humanity. The cases are being tried separately to accelerate the proceedings because both defendants are elderly. The Khmer Rouge ruled Cambodia with an iron fist between 1975 and 1979, during which time up to 2 million people are thought to have died of starvation, overwork or were executed. Pol Pot died in 1997 and only one senior official from the Khmer Rouge has been convicted and jailed for the crimes the Maoist regime committed. The second trial will address the roles of Chea, 88, and Samphan, 83, in the killing of tens of thousands of people from Cambodia’s ethnic minorities.
US imposes visa restrictions on ‘number’ of Venezuelan govt officials
The US State Department announced Wednesday it was imposing travel restrictions on “a number of Venezuelan government officials” who it said were involved in human rights abuses. “While we will not publicly identify these individuals because of visa record confidentiality, our message is clear: those who commit such abuses will not be welcome in the US,” Reuters quoted State Department spokeswoman Marie Harf as saying. She cited “arbitrary detentions, excessive force and judicial intimidation” against Venezuelan protesters.
Kurdistan lays claim to oil cargo in letter to US court
The Kurdistan Regional Government (KRG) said on Wednesday it had sent a letter to a court in Texas over a seized cargo of Kurdish crude oil in the US. The aim is to counter claims from Iraq’s central government in Baghdad which maintains the oil was illegally exported, Reuters said. Kurdish authorities say that Baghdad has failed to fulfill its obligations in Kurdistan, boosting the region’s need to export oil. The region contends with the influx of more than 1 million refugees in recent months due to violence sparked by Islamic State insurgents.
Russia could build Mistral-class ships on its own – deputy PM
Russian Deputy Prime Minister Dmitry Rogozin said Wednesday that Russia has the capability to build Mistral-class helicopter carriers on its own if France cancels the existing contract, RIA Novosti reported. “The French must prove they are serious partners and reliable contractors,” Rogozin said after a meeting between President Vladimir Putin and government ministers. “If they fail to do so, we will build the [Mistral] ships on our own. We are finally capable to do it,” Rogozin said. On Monday, he expressed doubts that France would cancel the contract, which he said would be worse for France than for Russia.
N. Korea fires 4 short-range ‘projectiles’
North Korea fired four short-range projectiles towards the sea Wednesday, the South’s Defense Ministry said. The launches began at 22:30 GMT at a site near Mount Myohyang, northeast of Pyongyang, AFP said. The two were fired in the morning and another two in the afternoon, all towards the Sea of Japan (East Sea), according to the ministry. “The test of two projectiles launched in the morning appeared to be unsuccessful because they just flew for several seconds, while two other projectiles fired in the afternoon traveled for up to 210km,” according to the military in Seoul. The ministry has not confirmed a Yonhap report that the North might have tested new 300mm multiple rocket launchers.
Argentina to hold further debt talks – sources
Argentina will hold further debt talks with ‘holdout’ investors in New York on Wednesday, Reuters reported, citing a government source. The negotiations are being held to avoid a second default in little over a decade. It was not clear whether the Argentine negotiators would meet face-to-face or talk through mediator Daniel Pollack.
Islamists shoot dead Somali woman for not wearing veil – reports
Islamist gunmen in Somalia have shot dead a Muslim woman for refusing to wear a veil, the BBC said, citing her relatives. The nomadic woman was reportedly killed outside her hut near the southern Somali town of Hosingow by gunmen belonging to the Al-Shabab group. An Al-Shabab spokesman denied the group had killed the woman, adding that the group does not fully control the area where she was living.
France evacuates nearly 50 French, British citizens from Libya
France has evacuated nearly 50 French and British citizens from Libya by ship, AFP reported, citing French officials. A French diplomatic source said Wednesday that 40 French nationals, including the ambassador, were evacuated along with seven British nationals. The evacuation came as Islamist groups seized the headquarters of the Libyan army’s special forces in the second-biggest city, Benghazi, after days of fighting. Witnesses also saw a huge blaze raged at a fuel depot near Tripoli’s airport.
Up to 150 people feared trapped after landslide in western India
Up to 150 people were feared trapped by a landslide triggered by heavy rains in western India on Wednesday, Reuters said. The landslide hit an area 60km from the western city of Pune. The inspector general of the national disaster, Sandeep Rai Rathore, said difficult terrain was affecting the mobility of the rescue teams at the site.
3 killed in car bomb blast in Cairo
Three people were killed in a car bomb blast on Wednesday in Giza, on the outskirts of Cairo, Reuters said, citing a report by Egypt’s state-run Nile Television. Those killed had been inside the car and were likely to have been on their way to carry out a “terrorist operation,” Al-Ahram newspaper quoted Brigadier Mahmoud Shawki, a police officer, as saying. The car was ripped in two by the blast.
Suicide bombers attack Nigeria mosques, kill at least 6
Suicide bombers attacked two mosques in northeast Nigeria’s Yobe state late Tuesday killing at least six people, AFP reported. Several others were injured, witnesses say, blaming the Boko Haram Islamists. The first explosion rocked an open air mosque belonging to a Shiite Muslim sect in the Dogo Tebo area of the town of Potiskum around 1855 GMT leaving four people dead. Five minutes later, the second blast at a mosque within the compound of the chief imam in the town’s Anguwar Bolawa area killed at least two worshippers.
N. Korea grounds MiG19s – report
North Korea has suspended all flight drills of Soviet made MiG-19, after three fighters have crashed this year, South Korea’s military sources told Yonhap news. “At least three of the MiG-19s crashed during training missions — one earlier this year, the others last month and earlier this month — apparently due to their aged fuselages,” a source said. The supersonic MiG-19 was developed in USSR in 1953. Some 400 MiG models are still believed to be in service by Pyongyang.
At least 20 dead, dozens missing after migrant ship sinks off Libya
More than 20 people were killed while dozens are considered missing unaccounted when a vessel carrying illegal migrants capsized off the Libyan coast, authorities announced, Itar-tass reports. According to Libyan navy spokesman, Colonel Ayub Kassem, the incident occurred near Humes (100 km east of Tripoli). The ship was carrying 150 people from central and southern Africa to Italy. The search for survivors continues.
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NMML Public Lecture_Prof. Ramakrishna Ramaswamy
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Alliance Française de Delhi present Design X Design 5th round table.
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