The Cabinet Committee on Political Affairs (CCPA) met on 13thSeptember, 2012
under the chairmanship of the Prime Minister to consider the disturbingsituation
arising out of projected massive under-recoveries of Rs. 1,87,127 crore for the
financial year 2012-13 in the wake of high international crude oil prices and
sharp depreciation of Indian Rupee against US Dollar. The uncompensated
under-recovery causes loss tothe Public Sector Oil Marketing Companies (OMCs).
The CCPA took the following decisions to be implemented with effect from the
midnight of 13/14 September 2012 :
Friday, September 14, 2012
Thursday, September 13, 2012
Grow, Transform and Sustain – The Mantra for Indian PSUs
India’s
central public sector enterprises have undergone a cycle of transformation
since the introduction of liberal economic policies a couple of decades
ago.Many believed that the public sector enterprises will simply wither away
because of competition and their inefficiency; or they will be subsumed by the
private sector because of the divestment programme.However, as the experience
has shown, the Central Public Sector Enterprises (CPSEs) continue to have a
critical role to play in many businesses, especially in the strategic
sectors.Many CPSEs have proved their critics wrong by becoming extremely
efficient and competitive.
Wednesday, September 12, 2012
The food crisis and India
The World Bank has joined the chorus warning the world of an impending food crisis with damaging food price inflation. In its late-August edition of its Food Price Watch the Bank reported that global prices for food as reflected by its Food Price Index rose 10 per cent in July 2012 alone. The prices of staples such as corn and soya bean were at an all-time high that month, with the increase in corn prices amounting to 25 per cent and that in soya bean to 17 per cent over a single month. Earlier, the FAO had reported that its Food Price Index (FPI) rose by 6 per cent in July 2012, driven by grain and sugar prices. Cereal prices had risen by 17 per cent in June relative to the previous month, maize prices by close to 23 per cent and wheat prices by around 19 per cent.
Visionary extraordinaire - Verghese Kurien
Much has already been said and written about the monumental contributions of Verghese Kurien to the development of the Indian dairy industry, rooted on the Gandhian Principle of production by masses. I met Dr. Kurien soon after his return from Michigan State University and his taking up residence at Anand. From then on, we shared ideas and experiences in the area of rural transformation through agriculture and dairying. Among the very many unique contributions of Dr. Kurien which led to India becoming the leading milk producer of the world, I would like to highlight a few.
Breastfeeding – The Best Start in Infant’s Life - Opinion
Breastmilk is
natural and perfect food for the baby.WHO recommends that all infants should be
fed exclusively on breastmilk until they are six
months of age and continued to be breastfed till two years or beyond along with
the introduction of adequate complementary foods after six months of age.Breastmilk provides uniquely appropriate concentrations of
almost all the nutrients for infants at the time when the growth and development
rates are maximal.Mother’s milk comprises of White Blood Cells (leucocytes),
macrophages and epithelial cells; lipids (triacylgycerols, free fatty acids, phospholipids, sterols,
hydrocarbons and fat soluble vitamins); carbohydrates (lactose, galactose, glucose, oligosaccharides, and glycoproteins); protein (casein, α-lactalbumin, lactoferrin, immunoglobins like SlgA and
others, lysozymes, enzymes, harmones and growth factors); non-protein nitrogenous
compounds (urea, creatine, creatinine, uric acid, amino acids including glutamine,
nucleic acid, nucleotides and polyamines), water soluble vitamins, macronutrient
elements, trace elements and various non nutritional components (anti-microbial
factors, digestive enzymes and growth modulators) that promote the infant’s
growth and development. Tuesday, September 11, 2012
AEPC’s Outlook, Role and Vision - Opinion
Born in 1978- Apparel Export Promotion Council (AEPC) is a
sponsored body under the Ministry of Textiles. Build and lived to its mandate
of Apparel and Garments export promotions in India; it tells the saga of the
bygone era. From just being a quota
monitoring entity, AEPC is today a powerful body for the promotion and
facilitation of garment manufacturing and their exports. AEPC is endowed with
the power to create myth, transcending moments of apparel export history as a
narrative of extraordinary time. This body has recorded amazing kaleidoscopic
breadth of events– witness of good and bad business environment. AEPC has often
triumphant in the cause of promoting apparel export with the cooperation and
stupendous talent of exports across India. Initially started with a just one
office, with a passage of time it has grown to be the largest Export Promotion
Council having membership of nearly 8000 from amongst large Corporate Houses,
Star Trading Houses, Small & Medium Scale Units (SME), Trading Houses, etc.
Out of the total membership of the Council, 85% constitutes the SMEs.
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