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Economic Highlights
INDIA IMPROVES RANKING IN WORLD MARKET, 29 January 2007 |
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Spotlight
New Delhi, 29 January 2007
INDIA IMPROVES RANKING IN WORLD MARKET
NEW DELHI, January 30 (INFA): India has
considerably improved its ranking in the world market as an exporter. Exports as a share of GDP is currently more
than 13 per cent, compared with a share of only 6 per cent in 1990-91.
The most attractive in the world market are India’s
merchandise and the service sector, whose exports together now account for about
20 per cent of the GDP, which is more than the share of agriculture in the GDP.
Exports crossed
the landmark figure of US$ 100 billion to reach US$ 103 billion during
2005-06. During the current year 2006-07,
exports are expected to comfortably reach the target of US $125 billion.
A significant feature of export performance is that the
export basket is fairly diversified.
Secondly, some of the skill intensive and technology intensive exports
have recorded a high growth, reflecting the maturity and depth of the growth
process. Thirdly, with rising
investments in the export sector and its further integration in the world
market, India
has emerged as an important sourcing hub for labour intensive products such as
textiles and auto parts.
In the pharmaceutical sector it holds the lion’s share of
the world’s contract research business
and has a strong competitive advantage in clinical trials and research, backed
by its vast body of scientists and researchers.
Finally, there is a strong integration of the export sector
with the domestic market, resulting in growing synergies between the two,
leading to generation of additional economic activity and employment.
The growth performance of exports has been an outcome of a
conscious and concerted effort on the part of the Government, bring down
transaction costs and facilitate trade.
The vision and the roadmap provided by the Foreign Trade
Policy (2004-09) for a five- year period with clearly enunciated objectives,
strategies and policy initiatives has been instrumental in putting exports on a
higher growth trajectory.
For the first time in the history of planning, doubling of
exports in less than five years is
being seen as an achievable target.
What is even more significant is that exports have been
conceived of as an engine for generating additional economic activity for employment
generation with special focus on rural and semi-urban areas.---INFA
CAREER AWARENESS DRIVE
HYDERABAD, January 30 (INFA): Incredible but
true. Over 26,000 students thronged the Career Awareness
and Recruitment Drive
at Osmania University,
Hyderabad,
recently.
The drive, it may be added, was conducted by the AP State
Council of Higher Education.
Computerized results will be announced soon. Students were put through a written test
followed by group discussions and
interviews.---INFA
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NATIONAL MISSION TO PROMOTE BAMBOO CROP, 23 January 2007 |
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Spotlight
New Delhi, 23 January 2007
NATIONAL MISSION TO PROMOTE BAMBOO
CROP
NEW DELHI, January 24 (INFA): A Centrally-sponsored
scheme to harness the potential
bamboo crop in the country has been launched by the Department of Agriculture
and Cooperation (DAC) in the Union Ministry of Agriculture. It is called the
National Bamboo Mission. A sum of
Rs.568.23 crore has been earmarked for the scheme for the Eleventh Five Year
Plan, with one hundred per cent support of the Central Government.
Bamboo is a versatile and useful group of plants, capable of
providing ecological, economic and livelihood security to people. As per estimates, 8.96 million hectare forest
area of the country contains bamboo amounting to 12.8 per cent of the forest
cover. The country has the largest bamboo forests in the world. Two-third of the growing stock of the bamboo
in India
is available in the north-eastern States.
India ranks second in the world in bamboo
diversity with 136 species, while China with 300 species is leading in
genetic diversity of bamboo. Out of
this, 58 species belonging to 10 genera are found in the north-eastern region.
The objectives of the NBM are to promote holistic growth of
the bamboo sector through area-based regionally differentiated strategies; to
increase the coverage of area under bamboo in potential areas; with appropriate
varieties to enhance yields; to promote post felling management, processing and marketing.
It is also intended to promote bamboo shoots as nutritional
supplement; to establish convergence and synergy among stake-holders for
development of bamboo and bamboo- based products; to promote, develop and disseminate technologies; to generate employment
opportunities for skilled and unskilled persons, especially unemployed youths.
The interventions for addressing
the four major areas of bamboo development viz research, plantation
development, post-felling management and marketing will vary among States and
regions.
A mix of either and/or cooperatives, self-help groups,
incorporated companies, individual entrepreneurs, State Government undertakings
or any agency recognized for the purpose will be involved for ensuring proper
delivery. The mission activities
would be undertaken on the basis of properly identified compact areas to facilitate
development of requisite infrastructure and intensive management.
For achieving the objectives of the mission
it will be necessary for the States
to remove restrictions coming in the way of development of bamboo, including
amendment of the State Transit Rules under Indian Forest Act, 1927 to
facilitate cultivation, felling and transport of bamboo and bamboo-based
products.
Planting material will be arranged under the National Bamboo
Mission for two categories of areas
viz. forest areas and non-forest areas.
Under each category, there will be centralized nurseries (public/.private) and
decentralized nurseries (mahila and kisan nurseries.
In order to monitor the implementation of the NBM, a
National Level Apex Committee under the Chairmanship of Union Minister of
Agriculture and National Steering Committee headed by the Secretary, Department of Agriculture and Cooperation,
will be constituted.—INFA
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INDIA WORLD’S THIRD LARGEST COAL PRODUCER, 19 December 2007 |
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Spotlight
New Delhi, 19 December 2007
INDIA WORLD’S THIRD LARGEST COAL PRODUCER
NEW DELHI, January 21 (INFA): Coal India Ltd.
(CIL) is the single largest coal providing company in the world. It produces about 84 per cent of the
production in India.
During the last financial year for which latest figures are
available, the CIL earned a profit of Rs.86.77 billion with a gross turn-over of Rs.340 billion. The company has
proposed to produce 363.80 million tonnes of coal during the current financial
year (2006-07).
With its mining operations spread across
the country, Coal India operates through its seven subsidiaries and one mine
planning and design institute with 79 areas and 465 mines (as on 1-04-2006) and
284 underground mines.
There are 144 opencast mines and 37 mixed mines and it owns
19 coal washeries. There are 200 other
establishments like workshops, hospitals and captive power plants.
The company employs 4,44,488 manpower (as on 1.11.06). This
makes is the largest corporate employer in India.
The mission of
the company is to produce the planned quantity of coal efficiently and
economically with due regard to safety, conservation and quality. Its vision is to be the most dominant energy
supplier in India
with best practices from mine to market.
Since the Nationalization, the Coal industry had traversed a
path of unwavering progress. The CIL is the apex body with seven wholly
owned coal producing subsidiary companies and one consultancy company encompassing the whole gamut of coal extraction,
identification of coal reserves, detailed exploration followed by
projectisation, design and implementation and optimizing operations in its
mines. ---INFA
STRENGTHENING
ENERGY SECTOR
NEW DELHI, January (INFA): Sustained efforts
are being undertaken by the Union Government to strengthen the energy sector
with petroleum & natural gas at the forefront of the policy
initiatives. The India
Hydrocarbon Vision-2005’ laid down the framework for this, with a view to
achieving country’s long-term energy security.
The policy has triggered a more definitive paradigm shift
towards free market and competition, with increasing private sector and
overseas participation in all important segments of our hydrocarbon sector.
Ever more areas and opportunities for investment, technology
and entrepreneurship are now open for the global players as well as for India’s own
public and private sectors. Bulk of the oil & gas potential of the India basins
still remain locked up.
The resounding success
of these policy measures was already evident in the interest and confidence
shown by the variety and numbers of participation in our recent new exploration
licensing round.---INFA
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NLC: A PIONEER IN ENERGY SECTOR,15 January 2007 |
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Spotlight
New Delhi, 15
January 2007
NLC: A PIONEER IN
ENERGY SECTOR
NEW DELHI, January 18 (INFA): The Neyveli
Lignite Corporation Ltd. (NLC) a “Mini Ratna” public sector enterprise under
the Union Ministry of Coal has completed 50 years of its pioneering work in the
energy sector.
The NLC is now poised for a rapid growth in the mining and
power generation capacity and is expanding its activities not only at Neyveli
but also in other parts of the country. It
is also venturing in new projects with fuels other than lignite.
During the year 2005-06, Lignite production was 20.44
million tonnes and power generation was 16242 million units, both surpassing the target. Lignite production of 3.74 million
tonnes from mine-IA achieved during the year is the highest for any year since
inception---25% more than the designed capacity of 3 million tonnes.
During 2006-07, up to November last, Lignite production of
12.426 million tonnes and power generation of 9745.55 million units have been
achieved. Net profit for the year 2005-06 was Rs.702.35 crores and NLC paid a
dividend of 20% on paid up capital for the year 205-06.
Besides, under MoU evaluation system, based on the
provisional results, the NLC has been rated at excellent level for the year
2005-06.
Mine-II Expansion and linked TPS-II Expansion of 500 MW,
Barsingsar Mine project and linked Thermal Power Station are under
implementation and are scheduled to be commissioned
in June 2009.
With the commissioning
of new projects, the NLC’s lignite mining capacity will be increased from the
present level of 24 million tonnes to 30.6 million tonnes and power generation
capacity from 2490 mega watt to 3240 mega watt by 2009-10.
Several projects are proposed to be taken up by the NLC
during the 11th Plan period. They are coal-based thermal power plant
at Tuticorin with a capacity of 1000 MW as a joint venture with Tamil Nadu
Electricity Board is being submitted to Government for approval; a 15 MTPA coal
mine under joint venture with MCL and a 2000 MW power plant in Ib valley in Orissa and Jayamkondam Lignite Mine-cum-Power Project
and Riri Project.
The NLC has been ranked in 190th place as
announced by Platts Top 250 Global Energy Company Rankings. It has won the
‘SCOPE Meritorious” award for “Corporate Social Responsibility and Responsiveness” for the year 2004-05. ---INFA
TOP RATING FOR
TELUGU CHANNEL
HYDERABAD, January 18 (INFA): Zee Telugu
channel closed the year 2006 with top ratings, thanks to the screening of major
hit Telugu movies of 2006. The channel
has acquired satellite rights for four out of six hit movies.
It had introduced Math-a-Fun, a course in Vedic Mathematics
for the first time on TV every Sunday from 9 am to 2 pm, to help school
children to overcome fear of maths.---INFA
New Delhi, 17 January 2007
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TELANGANA STATEHOOD DEMAND PICKS UP, 15 January 2007 |
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Spotlight
New Delhi, 15
January 2007
TELANGANA STATEHOOD
DEMAND PICKS UP
NEW DELHI, January 16 (INFA): The demand for Statehood
of the Telangana region is fast picking up, even among the leaders of the
ruling Congress in the region.
In fact, several Congress
MLAs and other leaders of the party have in a meeting decided to impress upon Chief Minister Rajasekhara Reddy the need to
consider the separate Statehood demand.
The latest situation has arisen after the resounding victory
of the Telangana Rashtra Samiti (TRS) Chief, Chandrasekhar Rao’s in the recent
Lok Sabha byelection for the Karimganj seat.
Rao won by a record margin of 2,01,562 votes.
The byelection, remember, was caused by Rao’s resignation
from the Manmohan Singh cabinet and withdrawal of the TRS support to the UPA
Government at the Centre.
The Chief Minister, who has been on his Government’s
development efforts in the region to counter the Statehood demand, has now been
alarmed because more and more Congress
leaders from the region may join forces with the TRS. This has forced Reddy to
finally acknowledge the strong sentiments for a separate State.
Politically dominated by the Reddy and Kamma communities,
another OBC in the State is backing the Telangana demand in an effort to refashion
the caste equations in Andhra politics. They feel that both the Reddys and
Kammas would lose their hegemony to the numerically sizeable OBC lobby in the
new dispensation.
The man really left out in the cold is Y.S. Rajasekhara
Reddy (YSR). A staunch supporter of united
Andhra, YSR was forced to admit that his party is not opposed to Telangana. YSR
tried to pitch the development agenda against the Telangana card, but positive
agendas never work in Indian elections.
His hands were also tied by indications from the Congress headquarters that it was not opposed to
Telangana.
The CM’s hour of reckoning may not have yet arrived, but now
onwards his clout will be seen to be diminished. Strangely enough, but in the
Congress tradition, this comes just
as he completes half his term.
Chandrababu Naidu, whose Telugu Desam Party is largely an
Andhra area outfit, will have to make inroads by floating a sub-unit catering
basically to Telangana area issues.
In other words, the TDP will have to adopt a “run with the hare, hunt with the
hounds policy”.
In the last two years, Rao has not distinguished himself in
taking up the Telangana issue with
zeal. In the coming months too, he need
not exert himself too much. With the
thinking in the Congress
headquarters that if Telangana is created the honours must go to the Congress, Rao would not have to do much. Since most of the electorate cast their vote
actually for Telangana and nominally for him, he will not have to lead the
movement. The movement will push him and egg him on.---INFA
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