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Friday,
September 13, 2002, Chandigarh, India  
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Industry upbeat, grows at 6.4 pc
Introvert workers get tired easily
UK liaison office
for Jalandhar Will it rain? Ask computer |
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Markfed ties up with Canada company Paddy purchase from October 1
Growers not issued sale proceeds
Blue Dart joins hands with DHL
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Industry upbeat, grows at 6.4 pc
New Delhi, September 12 The major recovery was led by a robust growth of 5.7 per cent in the manufacturing sector, which is up from 2.9 per cent in July last year, according to Quick Estimates of Index of Industrial Production (IIP) released by the Central Statistical Organisation today. The cumulative growth during first four months of the current financial year also witnessed a sharp recovery at 4.7 per cent compared to 2.3 per cent in the corresponding period last fiscal. The manufacturing sector recorded cumulative growth of 4.3 per cent over 2.7 per cent during the period under consideration. The mining sector was the real turnaround and registered a growth of 12.5 per cent in July against negative performance of 2.6 per cent in the same month in 2001. The Electricity sector also witnessed a jump to 6.2 per cent this year compared to 4.7 per cent during July last year. The April-July growth stood at 4.3 per cent in 2002-03 against 2.8 per cent a year ago. The Consumer non-durables segement registered a high growth of 15.6 per cent in July against 5.7 per cent last year. The cumulative growth in the consumer non-durables category also went up by 10.7 per cent in the period under review as compared to 4.3 per cent year-on-year. The consumer durables, however, posted a negative growth of 7.6 per cent over 15.2 per cent in July last year. The first four months growth in the consumer durables also plunged to 1.4 per cent this year over 9.3 per cent during the same period last year. The intermediate goods segment also registered a decline of 2.3 per cent over 3.1 per cent in July last year. During April-July 2002-03, the intermediate segment dipped by 0.7 per cent against 3.2 per cent during the same period last year. Captial goods registered an impressive growth of 9.7 per cent over minus 7.4 per cent in July the previous year. On the other hand, cumulative growth in capital goods jumped to 5 per cent from minus 6.3 per cent during the corresponding period last year. The basic goods category rose by 7.1 per cent against 0.3 per cent while the segment grew by 5.8 per cent during April-July this year against 1.2 per cent during the same period last year. Crude output
up 8.5 pc
India’s crude oil production was up by 8.5 per cent to a four-month high at 2.85 million tonnes as against 2.62 MT produced in July, 2001, according to a Centre for Monitoring Indian Economy (CMIE) report here today. “This was the third consecutive month of about 9 per cent growth. As a result, the cumulative production growth during April-July, 2002, was 7.5 per cent as against a 4.8 per cent decline recorded in the corresponding period of 2001”, CMIE said in its monthly review of the Indian economy. During April-July, ONGC produced 8.61 MT of crude petroleum which was 10.4 per cent higher than that in the same period of 2001. In July, the think-tank said, growth in crude throughput more than doubled to 5.6 per cent from 2.6 per cent in June 2002. As a result, throughput during April-July, 2002, was up by 6.1 per cent, on top of the 5.4 per cent increase witnessed during April-July, 2001.
PTI
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Introvert workers get tired easily
London, September 12 Psychologists from Tilburg University in the Netherlands followed more than 700 workers for a period of two years. Every six months, these employees completed questionnaires concerning personality, styles of coping with problems, (work-related) stress and social support. Demographic aspects, such as having a child, were also included in the study. After two years, it was found that introvert workers had a greater a chance of becoming tired than their extrovert colleagues. The degree to which employees experience their workload is also significant. For example, those who think they are busy have a greater chance of becoming tired than those who do not think they are that busy. The study also revealed that the manner in which an individual copes with problems does not influence tiredness. For example, an employee who acts as if a problem exists is not more susceptible to tiredness than somebody who is the same in almost every aspect but approaches and deals with problems in a systematic manner. Moreover, contrary to what was expected, it turns out that physical and mental tiredness are inextricably linked to each other. One cannot be physically tired without being mentally tired and vice-versa.
ANI
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UK liaison office for Jalandhar Chandigarh, September 12 He was in the city to interact with the business community on the invitation of PHDCCI and CII. Addressing businessmen he said since 1993, over 1,600 Indo-British joint ventures had been approved. Bilateral trade in goods and services had increased from £ 1.3 billion to £ 5 billion during that period. During 2000, the total trade rose by 28 per cent over the previous year. But there was still great scope for collaboration in the areas of IT, agro processing and other areas. He said over 350 companies had already entered the UK market. Mr Surinder Singla, Chairman, High-Powered Committee on Finance, Punjab, wondered why only 1 per cent of the total FDI in India was coming to the Punjab, despite strong presence of Punjabi community abroad. He assured that efforts would be made by the state government in formulating investment-friendly policies. Mr Ashok Khanna, Chairman, Northern Regional Development Council, PHDCCI, also spoke.
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Will it rain? Ask computer Yokohama (Japan), September 12 The Japanese giant hopes to capitalise on its electronics prowess and powerful entertainment arm as it embraces a new era of broadband Internet technology which it sees as the way forward. “We want to realise people’s dreams in a broadband future,” Kunitake Ando, Sony President and Chief Operating Officer, told an annual meeting of some 500 company representatives and business partners from around the world. Sony Chairman and Chief Executive Nobuyuki Idei added that combining media content, such as movies and music, with the entire group’s assets “will play a vital role in transforming Sony into a 21st century company.” “We are currently in the midst of a new era of uncertainty so it is important that we present our customers a clear message of the future and to deliver attractive products to help them realise their dreams,” Idei told the symposium at Pacifiko Yokohama, a conference hall just outside Tokyo. For anyone who has ever experienced the nightmare of being caught in the rain without a brolley, Sony’s latest vision — the user-sensitive Vaio EQ computer — could be the answer. “You keep it in your pocket and, for example, if it is about to rain the Vaio EQ will remind you to bring an umbrella as you left the house,” explained a Sony guide. “Or, if you had been walking around for a few hours it would sense you might be thirsty and give you a list of nearby coffee shops,” he said. Sony has only built a concept model of the hexagonal-shaped, white block, which is on display at Sony Dream World 2002 — a two-day exhibition opening to the public this weekend in Yokohama. The Vaio EQ is still in the development stages similar to a second invention — the Vaio Content Egg. Shaped like a vertical disk with a slice taken out of it, the Egg is a home server that enables a user to access information — such as images or data — from home while on the move. “I am not sure when it will go on the market,” said the guide. “But I definitely want one.”
AFP
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Markfed ties up with Canada company
Chandigarh, September 12 The MoU was signed between Mr S.S. Channy, M.D. Markfed and Mr Lucio B. Sacchatti, President, CMC Ltd. The project will be set up in Patiala. The company will provide the technical know-how to process potatoes grown in Punjab for the manufacturing of French fries, flakes and granules. It will also assist to market the product. Mr Channy said another MoU was signed by Markfed with CMC for providing various options to handle the foodgrains produced in Punjab.
TNS
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Paddy purchase from October 1 Jalandhar, September 12 Stating this to mediapersons here today, FCI Regional Manager Mr V.K. Singh said the FCI would not purchase the paddy which was currently coming to the grains markets in Punjab as this was not up to quality mark. The paddy coming to the market at present was beyond rejection limit (BRL) as far as moisture, shrivelled, immature grains were concerned, he added. Procurement of stocks available in the market currently would result in bad quality rice which would hamper exports in the future,the FCI Regional Manager said. The FCI had decided to release rice for export at a price tag of $ 165 per metric ton. Mr V.K. Singh said with India emerging as a major rice exporter in the international arena, the corporation had decided to sell quality rice at $ 165 per mt as compared to $ 300 per mt in September, 1998. India has beaten the USA, China, Vietnam, Pakistan and Burma to attain the position of second largest rice exporter within a period of two years,” said Mr V.K. Singh Punjab accounted for 75 per cent of rice exported from
India. OC
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Growers not issued sale proceeds Shimla, September 12 The arhtiyas, who have been asked by the government not to charge commission from the growers, have stopped issuing sale letters after auction. According to information, the growers, who disposed of their produce in the market over the past three days, have not received sale proceeds. The arhtiyas had been illegally charging 8 per cent commission on sale returns from the growers for several years.
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