KOCHI: Kerala Fisheries Minister S Sarma today asked Indian entrepreneurs to switch over to exporting value added products and make use of untapped tuna reserves.
He was speaking during the India International Seafood show, which began here today.
The show began with a call to exporters to exploit the largely untapped tuna reserves and to expand brackish water aquaculture by introducing new varieties, including the Vannamie shrimp.
The state government had taken all effective measures to increase production of Ornamental fish. The state also had plans to set up an Oceanarium in Kochi, which would attract tourists and can be used for marine biological research.
The Marine Products Export Development Authority (MPEDA) Chairman G Mohan Kumar said rupee appreciation had cast a 'dark shadow' in marine product exports with exports likely to register a nearly 20 per cent fall this year.
The industry should reconcile itself to rupee appreciation and sharpen its competitiveness and increase their unit value realisation.
Efforts by MPEDA to launch brackish water aquaculture to newer areas like Gujarat and Maharastra has started bearing fruit, he said.
Stressing the need for aggressive marketing, he said MPEDA would soon be launching world wide brand equity campaign.
A J Tharakan, leading exporter and Vice Chairman, MPEDA, said the Indian seafood industry had moved from one crisis to the other. Aquaculture was focused on Black Tiger, demand for which was on the decline world-wide.
MUMBAI: A fund owned by George Soros has bought a 3% stake in Reliance Entertainment, the films-to-mobile gaming company founded and owned by Anil Ambani. Mr Soros, the maverick billionaire whose run on the pound caused a currency market crisis in Britain 1992, will buy new shares in Reliance Entertainment for about $100 million.
The deal values the company at about $3 billion. Reliance Entertainment produces and distributes movies, provides gaming services and runs a social networking portal.
It also operates a growing home video and music business. Group company Adlabs runs multiplexes and FM radio stations across the country. The money will be used to expand the companyâs presence in these segments and also produce movies that have been signed with directors such as Farhan Akhtar, Madhur Bhandarkar and Vivek Agnihotri. Reliance is already a leading player in the movie business and recently bought out ND Studios.
Reliance Entertainment hopes to enter the TV broadcasting business later in the year with a slew of channels providing news, general and business and entertainment. Group officials said that Sorosâ investment is just one part of their fund raising plans. The company will probably raise more money during the year either through private placement, debt or an initial public offer, they said.
This is not Mr Sorosâ first association with the group. Back in 2006, he and Anil Ambani held talks about forming a multi-billion dollar telecom fund that will invest in telecom companies and related businesses around the world. Mr Ambani was to personally invest $500 million in the venture. One of the objectives of the fund was to act as the acquisition vehicle if Reliance Communicationsâ bid to buy Hutchison Whampoaâs stake in Hutch-Essar succeeds.
MUMBAI: Larsen & Toubro has bagged orders valued at Rs 1,107 crore from SAIL for the turnkey construction of coal and coke handling plant and base mix preparation plant at IISCO Steel Plant in West Bengal. The project will be completed in 26 months.
The scope of work includes basic and detail engineering--supply, erection of mechanical, electrical and instrumentation works; complete structural works including testing and commissioning of the same.
"L&T has already signed a contract for executing the sinter plant package for SAIL at IISCO Burnpur Steel Plant on a turnkey basis. With these orders L&T has emerged as the largest partner in the implementation of 2.5 million tonne per annum modernization project at IISCO Burnpur," said KV Rangaswami, president of construction division of the L&T.
At 12:23 pm, L&T shares were down 3.18 per cent at Rs 3515 and SAIL shares were down 4.90 per cent at Rs 200 on BSE.
<b>Bharat Forge, NTPC plan capital goods foray</b>
8 Feb, 2008
MUMBAI: Bharat Forge and NTPC plan a joint venture company in the capital goods sector. In the new company Bharat Forge will hold majority stake.
The new company will initially be engaged in manufacturing forgings, castings, casings, fittings, high pressure pipes which are required for power and other industries. It would also manufacture other power plant equipments and machinery, in due course.
At 12:51 pm, Bharat Forge shares were up 0.76 per cent at Rs 277 while NTPC down 2.47 per cent at Rs 201.30 on BSE.
MUMBAI: Elecon Engineering has been awarded an order worth Rs 47 crore from Sical Iron Ore Terminals, Chennai, for supply and erection of various equipments for Ennore Terminals Iron Ore Project.
On Feb 5, the material handling equipments maker bagged a contract valued at Rs 11 crore from Sichaon Electricity Power & Consulting for supply of wagon Trippler along with associated equipments.
At 11:13 am, Elecon Engineering shares were down 0.47 per cent at Rs 220.05 in a choppy market.
<b>A new survey based on income data has found that India has less poverty than estimated by the government's National Sample Survey (NSS).</b>
According to the survey, 'How India earns, spends and saves', about 214 million people, or 20.8 per cent of India's population, are poor.
In contrast, according to the two sets of poverty estimates provided by the NSS using consumption expenditure data, the country's poverty level is 27.5 per cent according to the 30-day data and 21.8 per cent on the basis of the 365-day data.
The latest survey has been carried out by Max New York Life and the NCAER using state-wise expenditure poverty lines (EPL) for 2004-05 as defined by the Planning Commission to calculate the poverty ratio based on the income data.
The incidence of income poverty in rural and urban areas, according to the study, is estimated to be 21.7 per cent and 18.7 per cent, respectively. The survey has found that around 22.3 per cent households control 51 per cent of India's total income.
This group's per capita income is Rs 33,170 annually, about nine times the lowest income-level segment of 17.9 per households, whose annual per capita income is Rs 3,534.
The urban annual income level of Rs 95,827 is around 85 per cent higher than the rural annual income level of Rs 51,922, according to the survey.
Given that the expenses of urban households are substantially higher than rural households, an average urban household is estimated to be saving Rs 26,762 or nearly double that of a rural household, which saved Rs 11,613 on an average.
In Delhi, the richest state in the country, the annual average per capita income is Rs 29,137, compared with Rs 6,277 in the poorest state of the country, Bihar.
Labourers constitute over 62 per cent of poor households. In contrast, this group accounts for 26 per cent of non-poor households. While 21.7 per cent of non-poor households earn salaries, just about 4.4 per cent of poor households earn their living through salary or wages.
The survey, which was conducted with a sample size of of 63,016 households in 24 states, included 31,446 rural households and 31,570 urban households.
Inflation declined to 4.07 per cent for the week ended February 2 as against 4.11 per cent in the previous week. This is mainly due to fall in prices of some food items, jet fuel, and select manufactured goods.
According to official figures released today during the week under review, prices of fruits and vegetables, arhar, masoor, condiments and spices declined, while fish-marine and maize became dearer. Among manufacture products, khandsari, and bread and buns moved up.
<b>9% growth this year despite slow-down in global economy: PM</b>
Feb 15, 2008
The Prime Minister has said that the country is likely to touch nine per cent growth this year, despite the possibility of downturn in global economy.
Addressing the 80th FICCI Annual General Meeting in New Delhi, Dr. Manmohan Singh said a major part of India's growth is driven by domestic factor particulary improved investment and consumption demand.
He however added that the country cannot remain completely insulated from chilly global winds that may blow in our direction. Expressing satisfaction over the high growth rate which is broad based, socially inclusive and more sustainable, Dr. Singh said it is a win win relationship between growth and empowerment. Blaming the non-Congress governments at the centre for low growth rate during the 9th five year plan, he said they took no attempt to make the growth more broadbased and inclusive.
He also asked the industry to look sympathetically towards government's endeavour on inflation control in the interest of the poor.
Outlining the four key aspects of government's policy frame work namely agriculture and rural development, infrastructure, education and health care, Prime Minister said it will help to step up the growth process in an inclusive manner.
He said the health of agriculture is vital for sustaining the economic performance as a significant proportion of our population depends on it and the sector also acts as a social safety net.
He said, though the share of agriculture in GDP has been declining but one can not have a situation where 80 per cent of this sector is outside the formal financial system and suffers from excessive indebtedness.
Dr. Singh said, the government is trying to resolve this problem.
Speaking on the occasion, the FICCI President Mr. Habil Khorakiwala demanded sops from the governments including lowering of interest rate to make the manufacturing sector more competative. He said there must be structural solutions to the health and education sectors as reforms process has not touched them adequately.
He said the industries will be establishing around three hundred technical institutes in private-public partnership and called for massive transformation of vocational education to meet the demand of shortage of skills.
Posting its third straight day of gains, the Sensex at the Bombay Stock Exchange Friday advanced 349 points, or almost 2%, to close at 18,115.
The Sensex was up 376 points at the day's high towards the fag end of the session, after losing 322 points at the day's low in early deals. Buying in the domestic markets intensified toward the close as the Asian markets recovered. The Sensex has now advanced almost 9% in three trading sessions.
The Nifty at the National Stock Exchange rose 101 points, or 1.9%, to 5,303. The broader market also gained good ground, with the BSE Midcap index rising 1.9%, and the Smallcap index advancing 2.3%.
Market breadth was strong on the BSE, with about 5 gainers to every 2 losers. The BSE clocked a turnover of Rs 6,372 crore.
All the BSE sectoral indices ended in the green. The BSE Metal and Realty indices were the main gainers, jumping 3.5%, each. The Oil and gas index rose 3.1%, the Bankex and the Consumer Durables indices rose 2.5%, each, the Healthccare index added 2.2%, the FMCG and Auto indices advanced 1.7%, each, the Power and IT indices gained 1%, each, and the Capital Goods index added 0.8%.
Old economy heavyweight, Reliance Industries rose over 3%.
Reliance Power rose 3.9% on large volumes.
ICICI Bank gained 2.6% and State Bank of India advanced 4%.
Among other Sensex gainers, Hindalco Industries soared 9.8%, Bajaj Auto jumped 5%, Tata Steel also rose almost 5%, and Ranbaxy added 4.3%.
Among the Sensex losers, Maruti Suzuki fell 1.9%, Grasim Industries shed 0.8% and TCS was down 0.3%.
The steel prices, which were increased 6 to 8% early this month, have been partially rolled back by the producers on the suggestion of the government.
The integrated steel producers have announced a 1,000 rupees per tone reduction in price of TMT bars and rounds used for construction activities and a 500 rupees cut in benchmark hot-rolled coils (HRC) price. The price cut would be applicable with immediate effect. The manufacturers had earlier this month raised the steel prices by 1500 to 2500 rupees .
The steel minister, Mr. Ram Vilas Paswan told reporters after his meeting with representatives of major steel producing companies, the government stepped in because of the expectation that steel prices may increase further in coming days. The present rollback is aimed at providing relief to the common man.
Assuring the steel industry on government's commitment to take suitable policy initiatives for facilitating the growth of the steel sector, the minister said he had written to finance minister to consider reducing excise duty on steel from present 16% to 8% and also to railway minister to reduce freight charges on steel.
The wheat sowing operation in the country has been over. According to a data released by the Agriculture Ministry on Thursday in Delhi, the crop has been sown in over 277 lakh hectares as compared to around 282 lakh hectares last year.
Winter rice was sown in 34.1 lakh hectares as against 32.41 lakh hectares last year, while barley and maize have also been grown in more area. Rabi pulses and Gram coverage has seen a little decline.
New Delhi : The Finance Ministry has agreed to give SLR status to oil bonds this fiscal, Petroleum Secretary M S Srinivasan told reporters on Friday
The Finance Ministry has agreed to the Petroleum Ministryâs proposal of granting statutory liquidity ratio (SLR) status to oil bonds, enlarging the investment options for commercial banks to meet the SLR requirement. Under the SLR requirement, banks have to park 25 per cent of deposits in government bonds.
âThe Finance Ministry has agreed to give SLR status to oil bonds this fiscal,â Petroleum Secretary M S Srinivasan told reporters on Friday.
The government is expected to issue oil bonds worth around Rs 40,000 crore to Indian Oil, Bharat Petroleum and Hindustan Petroleum in 2007-08 to compensate them for under- recoveries on sale of fuel on subsidised rates.
Of this, bonds worth about Rs 11,000 crore have already been issued by the Finance Ministry. In 2006-07, oil bonds worth Rs 24,121 crore were issued.
The Petroleum Ministry, while negotiating the terms for the oil bonds, had conveyed to the Finance Ministry that oil companies were facing difficulties in disposing the existing bonds due to their non-SLR status and long tenures. Oil companies were able to sell only a limited number of bonds in the market and that too at a discount, it had said.
While raising the petrol prices by Rs 2 a litre and diesel by Re one a litre on Thursday, the Cabinet Committee on Political Affairs also decided to increase to 56-57 per cent the share of compensation that is to be met through issue of oil bonds for selling the fuel below cost price.
The current level is 42.7 per cent of the under-recoveries. âWe have taken up with the finance ministry for SLR status of old and new oil bonds. We hope for a favourable decision,ââ Mr Srinivasan said. Oil companies had claimed total under-recoveries at Rs 71,808 crore for the financial year 2007-08, and are likely to get Rs 840 crore after the hike in petroleum prices.<!--QuoteEnd--><!--QuoteEEnd-->
Bangalore : DMG India, the sales and service arm of the Gildemeister Group and a leading player in the CNC metal cutting machine tool industry, on Friday announced that the setting up of a Technology Centre in Bangalore will take place by the end of 2008.
The company plans to build an 8,000 sq m centre with two showrooms: one for the new machines and one for the used machines.
Gildemeister is the leading manufacturer of cutting machine tools worldwide.
Its business includes the machine tools and services segments. The machine tools segment covers the groupâs new machines business including the turning, milling, ultrasonic and laser technologies.
With a direct presence in India since 1999, and sales growing at over 20 per cent every year, DMG India markets and supports a wide range of CNC metal cutting machine tools from entry level to high end multi-tasking centers for almost every manufacturer.
DMG Indiaâs MD, S G Narayan said, "The Centre will be dedicated to develop customized solutions for Indian customers across all industries."
Nareshji, There is no denying of the fact that the figures are impressive, given the conditions prevailing in India. However, the benefit of this economic growth is yet to change the face of rural India, particularly the face of those who are still waiting for a roof over their head and who can have at least two meals a day.You may have read about the recent Naxal action in Orissa. That is the manifastation of the problem that I am trying to flag.
Having said all this, I am as confident as you are that we shall overcome for a better tomorrow.
Jai Hind
<!--QuoteBegin-ravish+Feb 18 2008, 03:32 PM-->QUOTE(ravish @ Feb 18 2008, 03:32 PM)<!--QuoteEBegin-->However, the benefit of this economic growth is yet to change the face of rural India,<!--QuoteEnd--><!--QuoteEEnd-->
Have you ever stepped out and visited any rural villages?
Since i live in an rural part and am writing this sitting in a rural village, How do you say that the face of rural india has not changed? Have you ever witnessed an taluk,gram,zilla panchayat election campaigns? Do you know what the issues are during these elections?
<!--QuoteBegin-ravish+Feb 18 2008, 03:32 PM-->QUOTE(ravish @ Feb 18 2008, 03:32 PM)<!--QuoteEBegin-->particularly the face of those who are still waiting for a roof over their head and who can have at least two meals a day.<!--QuoteEnd--><!--QuoteEEnd-->
Please dont talk like those commie morons who speak such gutter language.
If all of rural india was starving and homeless then the food supply to cities would have stopped long ago.
<!--QuoteBegin-ravish+Feb 18 2008, 03:32 PM-->QUOTE(ravish @ Feb 18 2008, 03:32 PM)<!--QuoteEBegin-->You may have read about the recent Naxal action in Orissa. <!--QuoteEnd--><!--QuoteEEnd-->
It is not naxal action, it is naxal terror. These cretins dont have the people's support to get themselves elected democratically to the legislature assembly, so they are tryng to use violence to force people to accept their dictatorship. And moreover these naxals have turned cannibals and are killing and eating farmers.
New Delhi: The reform process that has taken India's economy to new heights has taken place more rapidly and in a more successful manner than in China, said a study.
The study, called Transformation Index, was conducted by German NGO Bertelsmann Foundation. It has ranked 125 countries on the basis of development, management and market economy.
India has been ranked 25, just behind Singapore, Brazil and South Africa, in terms of development as compared to China, which obtained 85th rank.
India attained position 19 in an evaluation of the management performance of its political decision makers, whereas China has been ranked 67.
The study applauded the steps taken by India over the years to accommodate the various minority and sub-minority groups into its social fabric.
However, it has urged the Indian judicial system to be more proactive. It has also asked for more measures to be taken to protect civil rights in conflict regions.
"That the country has one of the most dynamic national economies in the world is beyond doubt, but deficiencies in the area of reform have threatened to block this development," the study's authors said in a statement.
For India to maintain its growth rate of eight percent, it has to pursue its economic reforms more rigorously, which it has to do by addressing issues that have created obstruction in its development, the study said.
"The most pressing requirements are the resolute pursuit of reform in the state sector and the curtailing of unproductive subventions, along with reducing the existing household deficit," it said.
"A need for reform also exists in the adaptation of legal controls governing occupational safety, property ownership and bankruptcy to bring them into line with international standards. The modernisation and expansion of a still underdeveloped infrastructure also demands considerable efforts," it added.
The Bertelsmann Foundation Transformation Index analyses and evaluates the quality of democracy, market economics and political management in 125 developing and transformation countries.<!--QuoteEnd--><!--QuoteEEnd-->
02-18-2008, 10:27 PM (This post was last modified: 02-18-2008, 10:32 PM by ravish.)
Your assessment is incorrect.There are still vast areas of India where the fruits of development has not made any major impact. In my District of Bankura in West Bengal, there are still vast track of land where there is only one crop grown. Every year we have draught , some wheat is provided on a daily basis and that is the end of it.The same is the case in West Mednapur District, particularly in the jhargram sub division . In neighbouring Orissa , in the Districts of Kalahandi and Keonjhar, there is draught condition every year, despite the fact that successive governments belonging to all the major political parties who have ruled the State in the last sixty years have spend enormous amount of central aid on paper. In Jharkhand, in the poorest areas of Districts of Santhan Pargana, Palamu and Aurangabad, the deep tube wells are inpoerative most part of the day due to acute shortage of power.The child mortality rate and malnutrision in India is above the level of what is prevailing in sub saharan Africa.
I have just cited a few examples. Sitting before the Microsoft keyboard, in one village of India you are in no positin to give sweeping statements challanging the planning commission , world bank and IMF.Whom are you trying to fool., the world audience.
I have no first hand knowledge of South, but on the basis of reports of Naxal activity, it is clear that the situation in certain areas is as bad as in Jharkhand, South Bihar and Kalahandi.This scale of insurgency requires support from sufficient number of people. This they have got from amongst the rural poor in the areas where the movement has gained momentum.The increase in the size of urban slums is another indication of people from the villages still moving into the city with the hope for survival.I can go on with various other examples but may be it will not make any impact on your shining India immage, the same illusion that then previous Central Govt had before the last elections.
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->Your assessment is incorrect.There are still vast areas of India where the fruits of development has not made any major impact. In my District of Bankura in <b>West Bengal</b>, there are still vast track of land where there is only one crop grown. Every year we have <b>draught</b> , some wheat is provided on a daily basis and that is the end of it.The same is the case in <b>West Mednapur</b> District, particularly in the jhargram sub division.<!--QuoteEnd--><!--QuoteEEnd-->
It is spelled as drought and not as draught. <!--emo&--><img src='style_emoticons/<#EMO_DIR#>/tongue.gif' border='0' style='vertical-align:middle' alt='tongue.gif' /><!--endemo-->
Have you ever wondered why the economic situation is like this in your west bengal. Have you questioned the commie gov ruling WB for the past several decades and held them accountable for the economic mismanagement that has been going on WB.
If not then why are you cribbing? If you dont have the guts to question the government that you elected then it says a lot about yourself. Stop blaming others for your lack of action and do something that wakes up the commie morons.
The reason for this huge mismanagement of financial resources by the commies is that their economic policies are based on their marxist theology rather than economics.
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->In neighbouring Orissa , in the Districts of Kalahandi and Keonjhar, <b>there is draught condition every year</b>, despite the fact that successive governments belonging to all the major political parties who have ruled the State in the last sixty years have spend enormous amount of central aid on paper.<!--QuoteEnd--><!--QuoteEEnd-->
Drought is caused by natural causes, humans cant do anything to prevent it but can only mitigate it effects by pro-active planning. Orissa has been a backward since years unlike West Bengal which was an industrial state which the commie morons reversed and made it into an industrial hell hole were the killing of factory managers by commie goons became an 'historical necessity'(commie's favourite words).
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->In Jharkhand, in the poorest areas of Districts of Santhan Pargana, Palamu and Aurangabad, the deep tube wells are inpoerative most part of the day due to acute shortage of power.<!--QuoteEnd--><!--QuoteEEnd-->
Jharkhand became a state only a few years back. Before that it was the ruled by the corrupt Laloo-rabri combine duely supported by the communists. If these two blood suckers had not ruled the state the economic landscape would have been different. Check the number of jobs, industries created after Jharkhand became a state and you will see the difference.
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->I have just cited a few examples. Sitting before the Microsoft keyboard, in one village of India you are in no positin to give sweeping statements<!--QuoteEnd--><!--QuoteEEnd-->
You are wrong on both counts. <!--emo&--><img src='style_emoticons/<#EMO_DIR#>/tongue.gif' border='0' style='vertical-align:middle' alt='tongue.gif' /><!--endemo--> I am using an compaq keyboard and i dont just live in an village and have travelled major parts of india to have an understanding of what the ground situation is.
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->Whom are you trying to fool., the world audience.<!--QuoteEnd--><!--QuoteEEnd-->
Who cares for the world audience except the foolish commies who run to their foreign master for every other thing including their foolish marxist ideology.
If i cared for the so-called world audience i would posting on some foreign forums and not here.
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin--><b>I have no first hand knowledge</b> of South, but on the basis of reports of Naxal activity, it is clear that the situation in certain areas is as bad as in Jharkhand, South Bihar and Kalahandi.<!--QuoteEnd--><!--QuoteEEnd-->
Finally you are accepting that you have no first hand knowledge of the economic growth in other parts of the country. And you gave us lectures on what the situation was is in other parts of the country based on your perception rather than true facts. <!--emo&--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->
Why dont you visit other parts of the country before conducting your pseudo economic analysis?
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->This scale of insurgency requires support from sufficient number of people. This they have got from amongst the rural poor in the areas where the movement has gained momentum.<!--QuoteEnd--><!--QuoteEEnd-->
People are afraid of cannabalistic mass murderering naxals. That does not mean they support the naxals. Rather when given a choice between living in a democracy and a commie dictatorship they have always choosen democracy. Check the results of the recent assembly bypolls in chattisgarh.
<b>Bhopal/Raipur, Feb. 7: The BJPâs huge victory margin (21,886 votes) in the Keshkal Assembly bypoll bang in the heart of Naxalite infested Chhattisgarhâs Dantwada district (the results of which were declared on Thursday) comes as a compelling piece of evidence that the state sponsored anti-Naxalite drive, "salwa judum", may have begun to yield positive results at the ground level.
Significantly enough, the poll percentage had been a record 72 per cent despite a stern Maoist call for a boycott.</b> The bypoll became necessary following the death of the sitting BJP MLA in a car accident. Both the winning candidate (Sevakram Netam) as well as the Congress runners-up (B. Markam) are relative greenhorns. The BJP had won the seat by about 10,000 votes in 2003 with just 40 per cent votes cast.
<b>Chhattisgarh DGP Vishwa Ranjan told this newspaper that the successive raids on Naxalite dens in the state capital and elsewhere coupled with the determination of the tribal populace in the affected districts not to be cowed down by the Maoist menace had ensured a heavy turnout.</b>
"It is a good sign, and will strengthen the salwa-judum movement." More than 80 per cent of the area in the Keshkal Assembly segment is Naxalite affected, he informed.
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->The increase in the size of urban slums<!--QuoteEnd--><!--QuoteEEnd-->
The opposite is true dear. Check the facts. the number of slums are decreasing and the land is being freed to provide upward mobility to the slum dwellers.
Boom City Mumbai sends slum TDR prices soaring.
Another record was created in the cityâs real estate industry recently when a Mahul-based slum TDR (Transfer of Development Rights) belonging to Conwood Developers, part of the Dynamix Balwa group, fetched an all-time high of over Rs4,200 a sq ft. This is the first time the rate of slum TDR has fetched such a rate since it was introduced by the state government about a decade back.
*** Unitech in 97-acre Mumbai slum development project.
Unitech Ltd, Indiaâs second-most valued real estate company with a market capitalisation of Rs 67,600 crore, is developing 97 acres of slums near the Vakola flyover on the Western Express Highway.
<b>The project, which is close to the Santa Cruz railway station on the east, is estimated to cost Rs 1,900 crore, and will involve the rehabilitation of 20,000 families.
Once the families are rehabilitated, Unitech and Rohan Group will develop the land which will have a final saleable area of 80 lakh sq ft.
Jagnani, Narain and Solanki, in a report to clients on February 14, said the rehabilitation process for slum dwellers is ongoing with 30 of 97 acres of land cleared and the construction of rehabilitation already on.</b>
<!--QuoteBegin-"ravish"+-->QUOTE("ravish")<!--QuoteEBegin-->I can go on with various other examples<!--QuoteEnd--><!--QuoteEEnd-->
Please continue with your pseudo economic analysis. There is lack of economic research through the lens of foolish marxist ideology.
India has overtaken the US to become the second largest cotton producing country in the World, after China, a study by International Service For the Acquisition of Agri-biotech Application(ISAAA) said.
India which was having one of the lowest cotton yields in the World has become a net cotton exporter, potentially five million bales in 2007-08, the study said.
<b>Bt cotton was a major factor contributing to higher rate of production from 15.8 million bales in 2001-02 to 31 million bales in 2007-08, it said.</b>
Releasing ther brief of Global Status of Commercialized Biotech/GM crops:2007, Dr C P Thiagarajan, a former professor of Tamil Nadu Agricultural University, said India experienced the highest proportional increase in 2007 for the third consecutive year with a 63 per cent gain to 6.2 million hectare of BT cotton.
<b>The income of growers in India has also increased upto Rs 10,000 or more per hectare.</b>
The studies have shown strong farmer confidence in the crops with nine of 10 Indian farmers replanting biotech cotton year on year, ISAAA said.<!--QuoteEnd--><!--QuoteEEnd-->
For backwardness of each of the States indicated by me, you have an excuse.Take the case of West Bengal , it came into existance during the British Time. Since 1947 till late 60s it was ruled by the Congress , as the rest of India, thereafter the Communists.Blaming any particular political party is of no use the fact remains that the rural poor is very much there.In the case of Orissa, the Communists have never been in power, yet the situation remains grim.Draught is natural but power generation, lift irrigation and deep borings are all man made. However, these did not provide the desired effect.Lallu was no where in State politics till 1974, and the State of Bihar came into existance in 1935.The existance of Lallu cannot be taken as an excuse for the present State of affairs. The suicide by the farmers of Maharastra cotton belt cannot be blamed to politicfians of Bihar and West Bengal.
Since you are bent upon to distort the true state of affairs prevailing in India I am reproducing extracts from various media reports. I<b> presume you will brand the entire print media to be biased( it won't have much takers)</b>
Quote
Child mortality rate highest in India: UNICEF
Sumit Pande
CNN-IBN
INNOCENCE LOST: Fifty per cent of the mortality is ascribed to malnutrition, says the report.
New Delhi: A recently released annual report by the UNICEF says that of a nearly 10 million children dying below the age of five every year, 2.1 million are Indians.
And the real shock lies in the fact that all these lives could be saved with better child care facilities.
"If India wants to realise its intellectual capabilities, it needs to work on this area much strongly,â says representative, UNICEF India, Dr Gianni Murzi.
Although child mortality rates have come down significantly in the last 15 years, two indicators have set alarm bells ringing; first, a very high count of the neo-natal deaths.
But the worrying factor has really been malnutrition in India. Fifty per cent of the total under-five mortality is ascribed to malnutrition.
And there has not been any significant change in the nutritional values for children in India in the last two years.
"Social changes do not happen overnight, its not like building bridges,â says Joint Secretary, WCD, Dr Lavleen Kakkar.
The Integrated Child Development Scheme (ICDS) has been running for the last 30 years, but now it seems changes to the government's flagship programme for mother and child care care could do with a few changes.
There is a proposal which is already pending with the government for almost two years.
Unquote
<b>THIS IS EXAMPLE OF YOUR SHINING INDIA.</b>
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