Professional Documents
Culture Documents
Prince dudhatra
prince dudhatra-9724949948
Contribution of each
sector towards
economy
• GDP Growth Rate: 8.5%
prince dudhatra-9724949948
prince dudhatra-9724949948
Agricult
ural
Sector
prince dudhatra-9724949948
The rainfall of the current year is
recorded 102%.
• There is a deficit of rainfall in 173 districts
of country.
• In 67 districts there is normal rainfall.
• In 240 districts there is higher rainfall.
prince dudhatra-9724949948
Tea deficit to widen on
pest attack, rain.
• Assam is the leading producer of tea in the
country.
•
• The tea production is declined by 20
million kg. in the current year due to
heavy rain in Assam and in West Bengal.
•
• The production of the current year is 585
million kg.
•
• India is likely to face a shortfall of about
60-70 million prince
kgdudhatra-9724949948
of tea.
Industr
ial
Sector
prince dudhatra-9724949948
Contribution of
industrial sector
towards economy
• GDP Growth Rate: 8.5%
•
• Industrial Sector: 20%
prince dudhatra-9724949948
CAPITAL GOODS SLOW IIP TO
5.6% IN AUGUST
ØThe industrial growth fell down due to
extremely low growth in capital goods
which includes 9.26% share off IIP index
prince dudhatra-9724949948
Contd…..
ØIndustrial production growth rate nearly
halved to a 12-month low of 5.6 per cent
in August, pulling down the Sensex by 136
points.
ØIn August 2009 the industrial growth had
get the double digits level at 10.2% for
the first time since economy was slow in
2008.
prince dudhatra-9724949948
prince dudhatra-9724949948
ARCELOREMITTAL’S TWO INDIA
PLANTS UNLIKELY TO
MATERIALISE:LAXMI MITTAL
ØHe wants to realize prior plan about plant
setup in India.
ØH is a n n o u n ce d o n ly to ta ke m in o rity
sta ke s in tw o m e d iu m size d C h in a
b a se d ste e lp ro d u ce r ra th e r th a n to ta ke
co n tro lo f la rg e ve n tu re s.
prince dudhatra-9724949948
Contd….
ØIndia is world 5th fifth producer of steel.
ØProduction of steel in India (in million ton)-
2007-53.1
2008- 55.2
2009- 56.6
ØArcelorMittal is now the largest steelmaker in
the world by turnover as well as volume,
controlling 10% of the total world steel
output.
ØThe production of ArcelorMittal are
Ø2009- 77.5 million tons.
Ø2008- 103.3 million tons.
prince dudhatra-9724949948
Ø2007- 116.4 million tons.
“JAL” TO EXPAND CEMENT
MANUFACTURING IN GUJARAT
ØJaiprakash Associates Ltd has entered in to
an agreement with Dighi Port Ltd for
setting up a port based grinding plant in
Kutch.
ØT h e p ro d u ct w illb e a va ila b le to th e
m a rke t o f M a h a ra sh tra a n d G o a .
ØA n n u a ltu rn o ve r R s. 1 0 0 0 0 cro re .
ØT h ird la rg e st p ro d u ce r o f In d ia .
ØIn d ia p ro d u ce 2 2 4 m illio n to n s/ a n n u m .
prince dudhatra-9724949948
SUMITOMO TO BUY SUZLON
ARM’S UNIT
ØBelgium-based Hansen Transmission ,in which
Suzlon energy holds a 26% stake, will sell its
industrial gearbox making unit to Japan’s
based Sumitomo heavy industries.
•
ØThe proposed transaction value Rs.463cr.
prince dudhatra-9724949948
Contd….
.
ØHansen also plans to reduce its turbine
gearbox manufacturing capacity by 1100
MW from 8700 MW.
prince dudhatra-9724949948
GEMS AND
JEWELLERY
prince dudhatra-9724949948
History
• Precious gems and jewelry are a part of Indian
tradition and customs.
•
• Gold has traditionally been valued in India as a saving
and investment vehicles.
•
• Even today, gold is the second most popular
instrument after the bank deposits
•
prince dudhatra-9724949948
vThe Indian gems and jewelry industry is one of the fastest growing
segments in the Indian economy with annual growth rate of
approximately 15 %, with export of over $20bn in 2007-08.
v
vThe gems and jewelry sector accounts for nearly 13% of India’s
total exports.
v
vAccording to an ASSOCHAM report released in 2007, the gems and
jewelry industry employs over 1.3 m people directly and
indirectly.
v
vThe report further states that worldwide, the industry is estimated to
be around $130bn, while Indian gems and jewelry market worth
$13.5bn.
prince dudhatra-9724949948
Advantage to India
ØIndia is already the largest diamond cutting and polishing center
in the world.
Ø
ØThe Indian diamond and polishing industry enjoys
1. 60% value share
2. 82% carat share
3. 95% share in terms of numbers of pieces means 9 out
of 10 diamonds sold worldwide are cut & polished in India.
ØTotal gems and jewelry export from India stood at $20.88bn for
2007-08 a growth of 22.27% over $17.08bn the previous year as
per GJEPC
prince dudhatra-9724949948
Cont.…
ØThe United States and Hong Kong were the largest importer of
gems and jewelry from India, with a share of 26% each
followed by UAE at 21%.
Ø
ØGold jewelry exports increased from $5.2bn in 2006-07 to
$5.6bn in 2007-08
Ø
ØThe domestic market for gems and jewelry is likely to increase
to $20bn by 2010 and $30bn by 2015
Ø
ØIndia is the largest consumer of gold in the world, followed by
China and Japan. India consumes nearly 800 tons of gold that
accounts for 20% of world gold consumption, of which nearly
600 tons go into making jewelry.
Ø
prince dudhatra-9724949948
Cont.…
ØIndia is also emerging as the world’s largest trading center for
gold targeting $16bn by 2010
prince dudhatra-9724949948
Diamonds
ØIndia has long history of diamond mining and several diamonds,
including KOHINOOR, were produced here.
Ø
ØIn fact, till 1725 India was the only producer of diamonds in the
world.
Ø
ØThe Golconda mines were world famous and even today , a
Golconda diamond fetches a very high price in the international
market.
Ø
ØToday diamonds are mined only at Pannain Madhya Pradesh by
National Mining Development Corporation.
prince dudhatra-9724949948
ØIndia does not contribute much to the world market in terms
of rough diamonds.
Ø
ØIndia exported rough diamonds worth $566m in 2007-08
It is world leader in cutting and polishing of diamonds
with export worth $14.18bn in 2007-08.
prince dudhatra-9724949948
EXPORTS
ØAccording to the figure released by GJEPC, exports recorded a
18.23% growth touching $29.433bn in 2009-10 as against
$20.88bn last year.
Ø
Diamonds accounts for 70.59% of the total exports.
Gold jewelry accounts for 26.91%.
Colored gems stones and other accounts for 1.32% and 1.18%
respectively.
ØThe 2008-09 fiscal has also seen an increase in the export of gems
and jewelry. G & J export rose to $13.90bn during April-
November 2008.significantly rough diamond export stood at
$51.71mn an increase of 69% over the corresponding year. While
cut and polished export increased to $9.67bn. Also export of
colored gemstones increased by 15.45% to $193.03 mn.
prince dudhatra-9724949948
Government Initiatives
ØGovernment lowered import duty on platinum from $13.82 per 10
gram to $5.03.
Ø
ØExempted rough colored precious gems stones from custom duty at
the first stage itself, instead of claiming reimbursement later.
Ø
ØDuty free import of consumable for metals other than gold and
platinum up to 2% of freight on board(F-O-B) value of export.
Ø
ØImport of gold of 18 carat and above under the Replenishment
scheme.
Ø
ØSetting up SEZs and gems and jewelry parks to promote investment
in the sector.
prince dudhatra-9724949948
ØIn 2007 govt. abolished import duty on polished diamonds.
Ø
ØThe export of colored gemstone on consignment basis has been allowed.
Ø
ØThe limit of speed post parcel for jewelry increased from$50000 to
$75000.
Ø
Ø100% FDI allowed through automatic route and 51% FDI allowed for
single brand retail outlets.
Ø
ØTo reduce the transaction cost for the diamond sector, testing facility at
International Diamond Laboratory (IDL), Dubai, has been
incorporated in the list of laboratory/certifying agencies.
prince dudhatra-9724949948
News
Bharat Diamond Inaugurates 'World's largest Diamond Bourse'
prince dudhatra-9724949948
ØSignificantly, gold jewellery, which offers tremendous growth
potential achieved an increase of 10.69 % and at USD 9.680
billion, stands second accounting for 32.88% of total exports.
Exports of coloured gemstones during 2009-10 were recorded at
USD 286.80 million showing an increase of 9.70%.
prince dudhatra-9724949948
Gems, jewellery exports up 67% in August
prince dudhatra-9724949948
ØExports of cut and polished diamonds exports in August saw
maximum growth of 65% year-on-year followed by gold
jewellery (49%) and coloured gemstones (14%), as per the
GJEPC data.
Ø
ØThe exports of the precious items during the April-August period
increased by about 62% to USD 15.2 billion over the same
period last fiscal.
Ø
ØThe increase in exports is also due to enhanced demand for the
Indian items in markets like China and Russia.
Ø
ØThe council expects the exports would be about 30-35% in the
current fiscal more over the previous year as demand was
picking up in the traditional western markets.
prince dudhatra-9724949948
Service
Sector TCS ,
Bangalore
prince dudhatra-9724949948
Contribution of
Service sector towards
economy
• GDP Growth Rate: 8.5%
•
• Service Sector: 62.5%
prince dudhatra-9724949948
RBI to Head Sub-Committee that would
act as first stop for dispute redressal
Ø The purpose of sub-committee is to financial stability and
development.
prince dudhatra-9724949948
TRAI to frame norms to in crease
mobile phone tariff transparency
ØIt will help customers to informed choices about their
mobile plans.
prince dudhatra-9724949948
Gold vending ATMs may become a
reality in India
Indians might soon get a chance to buy gold from ATMs, as
Germany's Ex Oriente Lux AG is in talks with Indian entities for
setting up gold dispensing automated machines in India.
The official did not provide details about the ongoing talks. The
Gold ATM , known as 'Gold to go', made its debut in Abu Dhabi
earlier this year.
prince dudhatra-9724949948
LIC Housing seeks to boost tier-II
capital
• LIC Housing Finance could consider boosting the tier-
II capital this year. According to RR Nair , director
and chief executive officer (CEO) at LIC Housing
Finance, the company’s capital adequacy ratio is at
14%.
•
• The tier-II capital includes undisclosed reserves,
revaluation reserves, general provisions, hybrid
instruments and subordinated term debt. He said
that there was no plan to raise equity. The company
could consider the equity option only if it gets into a
capital-intensive business like retail banking.
•
prince dudhatra-9724949948
INDIA HEALTH COVER FOR
POOR ATTRACTS WORLD
ØINDIA’S ambitious public health insurance
scheme covering 19 million poor families is
now going global ,after recommended it for
the rest of the world.
Ø
ØMany countries such as Indonesia , Pakistan ,
Bangladesh , Nepal , Nigeria and Ghana are
enjoying of this scheme.
Ø
ØMaldives has just three hospitals to get a
substantial number of patient from the
prince dudhatra-9724949948
ØOther countries in Asia and Africa with sizable
number of people have interest of the Indian
scheme .
prince dudhatra-9724949948
SBI LIFE INSURANCE
LAUNCHES ULIP
ØSBI has launched third unit linked insurance
plan (ULIP).
Ø
ØIt is available at an affordable yearly premium
starting from Rs.15000 onwards .
prince dudhatra-9724949948
Bharti may have to pay 1,800
cr for TCIL's 30% stake in
subsidiary
• Bharti Airtel, India’s largest TELCO by both
revenues and customers, may have to
fork out more than Rs 1,800 crore to buy
out Telecom Consultants of India’s (TCIL)
30% stake in its subsidiary Bharti
Hexacom, which offers mobile services in
six northeastern states.
prince dudhatra-9724949948
Nobel Prize winner in
Economics, 2010
• Americans Peter Diamond and Dale
Mortensen, and British-Cypriot
Christopher Pissarides, have won the
2010 Nobel economics prize.
• At a time when unemployment rates for
many OECD countries are rocketing, it
may seem only timely that their work on
how unemployment, job vacancies and
wages are affected by regulation and
policy, received recognition.
• The trios’ conclusion is that searching for
jobs and stabilising the labour market can
take up so much time and resources that
prince dudhatra-9724949948
Wikipedia preloaded on
devices
• Wikipedia Foundation Inc. is planning a
Pilot project to make its online Wikipedia
encyclopedia available as an offline
resource on low cost mobile phones and
personal computers.
•
• The main aim of Pilot project is to build off
line reach so that people can access it
even when they do not have internet
access.
•
prince dudhatra-9724949948
CNOOC TO INVEST $ 2.16
bn in US shale oil field
• The first big investment by a Chinese firm
in US onshore oil reserves.
• CNOOC Ltd. will buy a stake in Chesapeake
Energy Corp. shale oil and gas acreage in
South Texas, spending a total of $2.16 bn.
over the next two years.
• China National Petroleum Corp. and
Canada’s Encana Corp. to set up a joint
venture to exploit reserves in British
Columbia.
prince dudhatra-9724949948
US PRESIDENT BARACK OBAMA WILL TAKE
26 / 11 TOUR , STAY AT TAJ .
The US President Barack Obama is going to
visit Mumbai’s Iconic Taj Mahal hotel on
November 5.
President Obama will also visit locations of
26/11 terror to express solidarity with the
victims of the carnage.
Some serious issues to be discussed during
this visit are reservations being expressed in
India’s IT industry about outsourcing , the
tightening of visa rules and the nuclear issue
also figures in the
prince wide ranging etc.
dudhatra-9724949948
When India and US take into account
global issues, China is important
regional power , therefore India
will exchange notes with China on
these discussions.
prince dudhatra-9724949948
US TO RAKE UP YUAN AT G20 MEET :
SUMMERS
The G20 represents a group of 20 Finance Minister and
Central Bank Governors of Countries –both developed and
emerging-who discuss on key issues on Global Economy.
They are US , UK ,INDIA ,AFRICA, CHINA ,JAPAN ,GERMANY and
so on.
prince dudhatra-9724949948
Thank You
prince dudhatra-9724949948