Consumer Inflation (CPI), Industrial Production (IIP) Data Released By Government


Consumer inflation, or retail inflation, is determined by the Consumer Price Index (CPI)

Consumer inflation stood at a one-year low of 3.31 per cent in October, government data showed on Monday. This was lower than estimates of 3.67 per cent by analysts in a poll conducted by news agency Reuters, and within the Reserve Bank of India’s medium-term target. October’s consumer inflation reading marked a third straight month in which retail inflation – determined by the Consumer Price Index (CPI) – stood below the central bank’s medium-term goal of 4 per cent. Consumer inflation in September stood at a final 3.70 per cent, the Ministry of Statistics said in its official statement.

Food deflation stood at 0.86 per cent in October, as against inflation of 0.51 per cent in the previous month, according to the official release.

Monday’s data supports the central bank’s surprise decision to hold interest rates in its last policy statement. The RBI had, in its October 5 meeting, decided to maintain status quo on key lending rates, while ruling out any reduction for the time being.

Stock markets finished Monday’s session with a loss of nearly 1 per cent, as investors turned cautious ahead of release of key macroeconomic data. The Sensex shed 345 points to end at 34,812 after a choppy session, whereas the NSE Nifty settled at 10,482, down 103 points from the previous close, amid selling in all sectors barring IT.

Separate data, also released on Monday, showed growth in industrial production – or factory activity – stood at 4.5 per cent in September, better than estimates of 4.3 per cent, according to the median forecast of 24 economists in a poll by Reuters.

Industrial production growth for the previous month was upwardly revised to 4.7 per cent, the data showed.





Source link

Government Has No Plan To Privatise Profit-Making Industrial Units: Nitin Gadkari


Nitin Gadkari laid the foundation stone for India’s largest Dry Dock at Cochin Shipyard (File Photo)

Kochi: 

Union Minister for Road, Transport and Highways Nitin Gadkari on Tuesday laid the foundation stone for India’s largest Dry Dock at Cochin Shipyard in Kerala’s Kochi and said that the central government has no plans to privatise profit-making industrial units in the country.

Kerala Chief Minister Pinarayi Vijayan was also present on the occasion.

Expected to generate employment opportunities for around 2,000 people, the Dry Dock is being constructed at a cost of Rs 1,799 crore and will be completed by May 2021.

Speaking on the occasion, Mr Gadkari said that the Centre is not planning to privatise profit-making industrial units. He also praised the contributions of the Cochin Shipyard in the field of skill training in shipbuilding.

Mr Gadkari added that the central government has a plan to invest in Inland Waterways in Kerala.

Mr Vijayan said that the Cochin Shipyard has played a key role in the economic development of the state.

He added that the new initiative would further boost the economic prospect of Kerala and India’s share in the global shipping industry will rise to two per cent.
 





Source link

Fourth industrial revolution will change the nature of employment, opportunities will be increased : PM Modi – पीएम मोदी ने कहा


खास बातें

  1. डब्ल्यूईएफ का ‘सेंटर फोर दी फोर्थ इंडस्ट्रियल रिवॉल्यूशन’ शुरू
  2. मोदी ने कहा- चौथी औद्योगिक क्रांति में देश का योगदान शानदार रहेगा
  3. सभी ढाई लाख ग्राम पंचायतों को ऑप्टिकल फाइबर से जोड़ा जाएगा

नई दिल्ली: प्रधानमंत्री नरेंद्र मोदी ने गुरुवार को प्रौद्योगिकी विकास से रोजगार घटने की आशंका को दरकिनार करते हुए कहा कि चौथी औद्योगिक क्रांति से रोजगार की प्रकृति बदल जाएगी और इससे रोजगार के अधिक अवसर पैदा होंगे.

मोदी ने यहां विश्व आर्थिक मंच (डब्ल्यूईएफ) के ‘सेंटर फोर दी फोर्थ इंडस्ट्रियल रिवॉल्यूशन’ की शुरुआत के मौके पर कहा कि उनकी सरकार चौथी औद्योगिक क्रांति के फायदों का लाभ उठाने के लिए नीतिगत बदलाव को तैयार है. उन्होंने कहा, ‘‘हमारी विविधता, हमारी जनसांख्यिकीय क्षमता, तेजी से बढ़ता बाजार का आकार और डिजिटल संरचना में देश को शोध तथा क्रियान्वयन का वैश्विक केंद्र बनाने की संभावना व्याप्त है.’’

उन्होंने कहा कि पिछली औद्योगिक क्रांतियों से भारत को अलग-थलग रखा गया लेकिन चौथी औद्योगिक क्रांति में देश का योगदान शानदार रहेगा. मोदी ने कहा, ‘‘जब पहली और दूसरी औद्योगिक क्रांति हुई तब भारत आजाद नहीं था. जब तीसरी औद्योगिक क्रांति हुई तब भारत तुरंत मिली आजादी के समक्ष खड़ी चुनौतियों से जूझ रहा था.’’ उन्होंने कहा कि आर्टिफिशियल इंटेलीजेंस, मशीन लर्निंग, इंटरनेट ऑफ थिंग्स, ब्लॉकचेन और बिग डेटा में देश को नई ऊंचाइयों पर ले जाने की क्षमता है.


यह भी पढ़ें : बूथ कार्यकर्ताओं से बोले PM मोदी- चुनाव जीतना किसी को परास्त करने का अहंकार नहीं, ये सेवा करने का एक अवसर है

मोदी ने अपनी सरकार की उपलब्धियां गिनाते हुए कहा कि दूरसंचार की पहुंच का घनत्व 93 प्रतिशत हो गया है और अब करीब 50 करोड़ भारतीयों के हाथों में मोबाइल है. उन्होंने कहा कि भारत विश्व में सबसे अधिक मोबाइल इंटरनेट उपभोग करने वाला देश है और दरें भी सबसे कम हैं. उन्होंने कहा कि मोबाइल डेटा उपभोग पिछले चार साल में 30 गुणा बढ़ा है.

टिप्पणियां

VIDEO : इनवेस्टर्स समिट में पहुंचे पीएम मोदी

मोदी ने कहा कि 120 करोड़ से अधिक भारतीयों के पास आधार है. उन्होंने कहा कि सभी ढाई लाख ग्राम पंचायतों को ऑप्टिकल फाइबर से जोड़ने का काम जल्दी ही पूरा कर लिया जाएगा. 2014 में सिर्फ 59 पंचायत ऑप्टिकल फाइबर से जुड़े थे जबकि अभी एक लाख पंचायत इससे जुड़े हुए हैं.

(इनपुट भाषा से)



Source link

Fourth Industrial Revolution To Change Nature Of Jobs


Prime Minister Narendra Modi allayed fears of job loss due to technological development (PTI)

Prime Minister Narendra Modi Thursday allayed fears of job loss due to technological development, saying the ‘4th Industrial Revolution’ will change the nature of jobs and provide more opportunities.

Speaking at the launch of the Centre for the Fourth Industrial Revolution, he said his government is open to policy changes to help reap benefits of the fourth industrial revolution.

“Our diversity, our demographic potential, fast-growing market size and digital infrastructure has potential to make India a global hub for research and implementation,” he said.

While the previous industrial revolutions eluded the country, India’s contribution to the 4th Industrial Revolution would be astonishing, he said.

“India was not independent when the first and second industrial revolution happened. When third industrial revolution happened, India was struggling with challenges of just attained independence,” he said.

Artificial intelligence, machine learning, Internet of Things, blockchain and big data hold potential to take India to new heights, the Prime Minister said.

Reeling out the achievements of his government, PM Modi said tele-density has increased to 93 per cent and nearly 50 crore Indians now have mobiles.

India is the largest mobile data consuming country in the world and also the one with the cheapest data rates, he said, adding mobile data consumption has increased 30 times in four years.

Over 120 crore Indians have Aadhaar, he said, adding work to connect all the 2.5 lakh village panchayats with optic fibre would be completed soon.

In 2014, only 59 panchayats were connected with optic fibre while presently 1 lakh are connected, PM Modi said.





Source link

“Industrial Chic” – The Latest In Hong Kong, World’s Priciest Home Market


Hong Kong’s stratospheric property prices are pushing some residents beyond the law.

A small, but significant, number of younger people are living in industrial buildings, trading comfort and convenience for cheap rent. Along with irritations such as rust-tainted water and intermittent blackouts, there’s one major drawback: Such living arrangements are illegal.

It’s a risk 32-year-old photographer Wah Lee is willing to take. While he shares his building near the Sha Tin racecourse with a Chinese herbal-oil storage unit and a commercial kitchen pumping out roast meats, he and his roommate pay about HK$11,000 ($1,400) a month rent, less than half what a residential unit in the area goes for.

Along with a small kitchen and private bathroom, the 1,000-square-foot apartment features high ceilings and large windows, unusual by the standards of Hong Kong’s often poky apartments.

7tm6j4a

Record rents are pushing some Hong Kong residents into illegal housing

“The rents nowadays are very unreasonable,” Lee said. “There’s no way for me to afford those residential units.” Another advantage: He’s able to store his photography gear and shoot pictures at home because of the generous space.

This version of industrial chic is just another way Hong Kong residents are trying to beat the world’s most expensive housing prices, with the average home costing 19.4 times the city’s median annual income, according to Demographia. Sky-high prices have given rise to the micro-apartment and dormitory style “co-living” spaces. Demand for units smaller than two car-parking spaces has surged this year as costs continue their relentless climb.

While the government has been reviewing 18 options to increase land supply in a bid to tame housing prices and avert social unrest, allowing people to legally live in industrial buildings isn’t on the list. Instead, proposals range from reclaiming more land near Victoria Harbour to building homes on top of a container terminal.

“Industrial buildings are not designed to be lived in,” Chau Kwong Wing, Chair Professor of Real Estate and Construction at the University of Hong Kong and a member of the task force on land supply, said in an interview. “It involves safety concerns.”

Those risks were highlighted when a fire ripped through a unit in an industrial building in the New Territories in August last year, killing three people. The apartment was found to be one of 17 subdivided units on the floor.

rll60pqo

Inside a Private Residence in An Industrial Building in Fotan

An estimated 12,000 people lived in industrial buildings in 2016, according to the Society for Community Organization, an advocacy group. The organization hasn’t updated its estimate in recent years but expects the number to have dwindled due to heightened inspections by the government, according to Angela Lui, a community organizer at the group.

While building owners and tenants are currently required to end any domestic use if found to be renting industrial buildings for residential purposes, the government last year proposed introducing criminal sanctions. The plan, if finalized, can be put forward for approval at the earliest in the coming legislative year starting in October.

That hasn’t deterred 23-year-old Ting Li, who lives with her boyfriend in a 200-square-foot apartment inside an industrial building in Sha Tin. In addition to potential eviction, the couple has to deal with problems regular Hong Kong residents don’t come across. “The running water will somehow come out yellowy on the weekend, so we have to drink bottled water,” she said.

Not only that, power occasionally cuts out after working hours, meaning the air-conditioning won’t operate in a city known for its hot and steamy weather.

“It’s more comfortable to live around people in a residential area,” Li said. “I used to wake up and hear chirping of birds, now I only hear people coming into their offices.”

But the young couple aren’t planning on moving out anytime soon, as they pay just HK$5,000 a month rent, or just 15 percent of their combined income. Getting a residential apartment elsewhere would chew up 40 percent of their wages.

“I have looked into other places in residential areas, but they are too expensive,” she said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)





Source link

Centre Forms Panel To Tackle Industrial Pollution Near Taj Mahal


Taj Mahal is among the seven wonders of the world.

New Delhi: 

The government has formed a committee comprising officials of the environment ministry, experts from NEERI, IITs and various other forums to look into the issue of industrial pollution around the iconic Taj Mahal, Union minister Nitin Gadkari said today.

The committee will be headed by C K Mishra, Secretary, Ministry of Environment, Forest and Climate Change.

A high-level inter ministerial meeting was held here today to deliberate on the issues and action to be taken on a war footing to conserve the iconic Mughal monument, days after a rap from the Supreme Court on the issue.

The meeting mainly focussed on action points needed to overcome air and water pollution in and around Taj Mahal, one of the seven wonders of the world.

The meeting was chaired by the Minister for Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation, Nitin Gadkari and attended by Minister for Environment Forest and Climate Change Harsh Vardhan, Minister of State for Culture Mahesh Sharma and Minister of State for Water Resources, River Development and Ganga Rejuvenation, Satyapal Singh.

Uttar Pradesh Chief minister Yogi Adityanath also attended the meeting.

Later briefing the media, Gadkari said the Centre respected the apex court’s observations on Taj conservation and would take every possible step to deal with the air and water pollution in and around the famed monument.

“A committee headed by the Secretary, Ministry of Environment, Forest and Climate Change has been formed and it will study on case to case basis and take a tough stand on hazardous industries in the vicinity of the Taj Mahal,” the minister said.

To deal with air pollution, the minister said the use of bio fuel, green fuel and electric vehicles would be popularised in Agra, where the iconic monument is situated.

An ‘ethanol policy’ will be introduced for Agra which will include conversion of bio mass to ethanol during the crop burning season, use of ethanol auto rickshaws and introduction of mass rapid transport system as part of ‘zero tolerance’ to pollution, he said.

On water pollution in Yamuna, the Union minister said the cleaning of the river fell under the Namami Ganga project since it was a tributary of the Ganga and several projects were already been taken up to make the river pollution-free.

He said 36 projects worth Rs 4,000 crore on the river Yamuna have been identified and it was hoped that the detailed project reports (DPRs) of the same would be completed in the next few months.

 Already 11 projects have started in Delhi on the river and the tender for the 12th project will be finalised soon, the minister assured.

Some of the measures to be taken up include afforestation along the Yamuna, construction of rubber dam, solid waste management and developing a 35 km long garden along the water front of Yamuna in Uttar Pradesh, Haryana and Delhi, he said.

Adityanath said his government was fully committed to work closely with the central government as well as other organisations to find a solution to the problem of pollution in and around the Taj.

“Construction of rubber dam in the downstream of Yamuna and sewerage treatment plants on the river in Mathura, Vrindavan and Agra are being taken up,” he said.

Gadkari added that the government had taken a serious note on the SC observations and would file an affidavit in the apex court enumerating all the steps and actions taken up by the dispensation to conserve Taj Mahal.

Last week, the SC had come down heavily on the Centre and the Archaeological Survey of India (ASI) for not being able to protect the iconic Taj Mahal, issuing a warning that it would “shut it down” and the authorities should “demolish or restore” the Mughal structure.

The top court also rapped the Uttar Pradesh government for failing to come out with a vision document to protect the popular monument.
 

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)





Source link

19 killed at industrial park in China


चीन के सिचुआन प्रांत में एक औद्योगिक पार्क में हुए विस्फोट में 19 लोगों की मौत

प्रतीकात्मक फोटो

नई दिल्ली: चीन के सिचुआन प्रांत में एक औद्योगिक पार्क में हुए विस्फोट में 19 लोगों की मौत हो गई जबकि 12 घायल हो गए. प्रांतीय कार्यसुरक्षा प्रशासन के मुताबिक, यह विस्फोट गुरुवार को शाम लगभग 6.30 बजे जियांगान काउंटी के एक औद्योगिक पार्क में हेंगडा कंपनी के रासायनिक संयंत्र में हुआ. 

VIDEO: फ्लाइट में अचानक बैग में लगी आग, अफरा-तफरी के बीच एयर होस्टेस ने किया ऐसा

काउंटी प्रशासन का कहना है कि शुक्रवार सुबह आग पर काबू पाया गया. घायलों की हालत स्थिर बताई जा रही है. मामले की जांच चल रही है. आपको बता दें कि चीन में कार्य सुरक्षा मानकों की स्थिति में सुधार के लगातार प्रयास किये जा रहे हैं लेकिन चीन में जानलेवा औद्योगिक हादसे अब भी आम बात हैं.  

टिप्पणियां

बीच समंदर जहाज में लगी आग, 22 में से 11 क्रू मेंबर बचाए गये​
 

(हेडलाइन के अलावा, इस खबर को एनडीटीवी टीम ने संपादित नहीं किया है, यह सिंडीकेट फीड से सीधे प्रकाशित की गई है।)



Source link

Consumer Inflation Quickens To 5% In June; Industrial Production Slips To 3.2% In May


Retail inflation remains above the RBI’s medium-term target of 4 per cent.

Retail inflation accelerated to a five-month high of 5 per cent in June, from 4.87 per cent in the previous month, official data showed on Thursday. Economists in a poll by news agency Reuters had expected retail inflation – also known as consumer inflation – at an annual 5.30 per cent. Surging fuel prices – triggered by the surge in crude oil prices during the period – weakness in the rupee against the US dollar led to the increase in inflation. Inflation remains above Reserve Bank of India’s medium-term target of 4 per cent target for an eighth month in a row.

Thursday’s CPI data cements expectations of a hike in key interest rates by the central bank as early as August. The RBI had last month announced a hike in repo rate – the rate at which it lends to commercial banks – by 25 basis points, or 0.25 per cent, marking the first increase in hike in more than four years.

Data released separately showed that factory activity growth, determined by Index of Industrial Production, slipped to 3.2 per cent in May, from 4.9 per cent in the previous month. A Reuters poll had forecast industrial output to increase at 5.2 per cent from a year earlier.

Growth in the manufacturing sector declined to 2.8 per cent, compared with 4 per cent in the previous month, data from the Ministry of Statistics showed.





Source link

After new policy twenty officers transferred from Industrial development authority


zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use.  This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit zeenews.india.com websites that posts a link to this Policy (collectively, “the sites”). This cookie policy should be read together with our Privacy Policy.

By continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy.

What are Cookies and Other Tracking Technologies?

A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree.  The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. This allows our sites to recognize your device from those of other users on our sites. The information provided below about cookies also applies to these other tracking technologies.


How do our sites use Cookies and Other Tracking Technologies?

Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively “devices”) that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. Such cookies and other technologies helps us to identify you and your interests, to remember your preferences and to track use of zeenews.india.com We also use cookies and other tracking technologies to control access to certain content on our sites, protect the sites, and to process any requests that you make to us.
We also use cookies to administer our sites and for research purposes, zeenews.india.com also has contracted with third-party service providers to track and analyse statistical usage and volume information from our site users. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites.

First and Third-party Cookies

First party cookies

These are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time (e.g., cookies placed by zeenews.india.com)

Third-party cookies

Some features used on this website may involve a cookie being sent to your computer by a third party. For example, if you view or listen to any embedded audio or video content you may be sent cookies from the site where the embedded content is hosted. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. We do not control the setting of these cookies so please check the websites of these third parties for more information about their cookies and how to manage them.

Persistent Cookies
We use persistent cookies to improve your experience of using the sites. This includes recording your acceptance of our cookie policy to remove the cookie message which first appears when you visit our site.
Session Cookies 
Session cookies are temporary and deleted from your machine when your web browser closes. We use session cookies to help us track internet usage as described above.
You may refuse to accept browser Cookies by activating the appropriate setting on your browser. However, if you select this setting you may be unable to access certain parts of the sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will check if cookies can be captured when you direct your browser to our sites.
The data collected by the sites and/or through Cookies that may be placed on your computer will not be kept for longer than is necessary to fulfil the purposes mentioned above. In any event, such information will be kept in our database until we get explicit consent from you to remove all the stored cookies.

We categorize cookies as follows:

Essential Cookies

These cookie are essential to our site in order to enable you to move around it and to use its features. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. These cookies, for example, let us recognize that you have created an account and have logged in/out to access site content. They also include Cookies that enable us to remember your previous actions within the same browsing session and secure our sites.

Analytical/Performance Cookies

These cookies are used by us or by our third-party service providers to analyse how the sites are used and how they are performing. For example, these cookies track what content are most frequently visited, your viewing history and from what locations our visitors come from. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you.

Functionality Cookies

These cookies let us operate the sites in accordance with the choices you make. These cookies permit us to “remember you” in-between visits. For instance, we will recognize your user name and remember how you customized the sites and services, for example by adjusting text size, fonts, languages and other parts of web pages that are alterable, and provide you with the same customizations during future visits.

Advertising Cookies

These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. We may also allow our third-party service providers to use cookies on the sites for the same purposes identified above, including collecting information about your online activities over time and across different websites. The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites.

How do I refuse or withdraw my consent to the use of Cookies?

If you do not want cookies to be dropped on your device, you can adjust the setting of your Internet browser to reject the setting of all or some cookies and to alert you when a cookie is placed on your device. For further information about how to do so, please refer to your browser ‘help’ / ‘tool’ or ‘edit’ section for cookie settings w.r.t your browser that may be Google Chrome, Safari, Mozilla Firefox etc.
Please note that if your browser setting is already setup to block all cookies (including strictly necessary Cookies) you may not be able to access or use all or parts or functionalities of our sites.
If you want to remove previously-stored cookies, you can manually delete the cookies at any time from your browser settings. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above.
For more information on the development of user-profiles and the use of targeting/advertising Cookies, please see www.youronlinechoices.eu if you are located in Europe or www.aboutads.info/choices if in the United States.

Contact us

If you have any other questions about our Cookie Policy, please contact us at:
If you require any information or clarification regarding the use of your personal information or this privacy policy or grievances with respect to use of your personal information, please email us at [email protected]





Source link

Modi Government, Chinese Checks Make Indian Industrial Firms World’s Best


Of the 15 best-performing stocks in the world over five years, eight are from India

Indian companies are dominating the ranks of the world’s best-performing industrial firms as they benefit from neighboring China’s pollution crackdown and billions in domestic infrastructure spending.

Of the 15 best-performing stocks over five years, eight are from Asia’s No. 3 economy and range from graphite electrode makers to equipment providers. Companies such as HEG Ltd., Graphite India Ltd. and Finolex Cables Ltd. have benefited from China’s pollution control measures as well as India’s pledge to electrify even the remotest village, said Gopal Agrawal, portfolio manager at Tata Asset Management Ltd., which oversees $3 billion in equity funds.

Prime Minister Narendra Modi’s focus on electrification has buoyed demand for cables and wires used in the power sector. India added 100,000 circuit kilometers of interstate transmission capacity in the last four years, according to a June 5 statement from the power ministry. The nation has also pledged to spend $88 billion this fiscal year on roads, railways and other infrastructure.

Its neighbour to the north meanwhile has tightened emission norms that spurred steel production from electric arc furnaces, which use graphite electrodes to process steel from scrap. With supplies also constrained, graphite electrode producer HEG’s stock surged 1,457 percent last year, outpacing Bitcoin’s gains, and has climbed 45 percent so far in 2018.

“Graphite is a godsend opportunity from China,” said Mr Agrawal, whose firm has the third-largest equity exposure to the industrials sector. “If China relaxes its environment pollution norms, that could negatively impact the party for India’s industrial firms.”
 





Source link