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Textile trouble: Non-operating units in Punjab up by 35%
Gold import curbs to be reviewed by March-end: FM
Biz talk
india-pak saarc chamber meet |
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EGoM caps spectrum usage charge at 5%
Airbus A-380s allowed to fly in India
Sensex plunges 426 pts; biggest drop in 5 months
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Textile trouble: Non-operating units in Punjab up by 35%
Chandigarh, January 27 Similarly, in Haryana, non-operating textile units grew from 11 to 175 during the aforesaid period thereby clocking a CAGR of about 32%. The state suffered a loss of 14,300 jobs as of 2010-11 as against 675 jobs lost as of 2000-01, the study highlighted. The number of jobs lost due to the non-operation of textile units in Haryana grew at about 36%, it added. "The total number of textile factories in Punjab increased from 635 to 929 during the aforesaid period. However, the number of units in operation increased from 624 to just 702," the study said. "While in Haryana, the total number of textile factories increased from 455 to 630, the number of textile factories in operation increased from 444 to 455." The number of people employed in the textile units under operation in Punjab increased from 58,804 to over 1,00,857 during the abovesaid period, while in Haryana the number of people employed in textile units increased from 27,238 to 37,228 during the said period. "Low productivity, lack of advanced manufacturing technologies, lack of foreign investments, supply chain bottlenecks, lack of economies of scale, labour-related challenges, issues arising due to a fragmented industry and weak brand positioning are certain key reasons for the non-operation of textile units," said DS Rawat, national secretary-general, Assocham. "Technology and skill upgradation, inflow of foreign investments, partnership with international labels, brand promotion and flexible labour policy are certain key suggestions listed by our study to make the textile industry financially viable to minimize the share of non-operational factories." |
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Gold import curbs to be reviewed by March-end: FM
New Delhi, January 27 “I am confident that by the end of this year we will be able to revisit some of the restrictions on gold import but we will do so only when we are absolutely sure that we have a firm grip on the current account deficit,” he said while addressing tax officials at the Customs Day. Chidambaram said there has been about 1-3 tonnes of gold smuggled into the country every month following the restrictions imposed on shipment in 2013. “I know gold smuggling has increased but the restrictions on gold import were absolutely necessary because it is these restrictions that have brought down gold import, which in April and May had crossed 300 tonnes”, he said.
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Samsung looks to enrich society through CSR
Daniel Park, Sr vice-president, Samsung India talks to Girja Shankar Kaura In the last budget, the government came out with proposals to make Corporate Social Responsibility (CSR) mandatory for the companies with a profit of more than Rs 5 crore in the past three years. Daniel Park, senior vice-president, Samsung India, talks about its CSR activities. Q. What is ‘Guru Shiksha’ programme? A. The ‘Guru Shiksha’ programme is an initiative to improve the skills of teachers in ITIs located in Delhi- NCR. These teachers will be taught trouble-shooting, installation and demonstration of Samsung products, including mobile phones and home appliances, by trainers from Samsung’s Customer Satisfaction Academy in Greater Noida. As many as 57 teachers from 17 ITIs across Delhi will be trained in the first batch. Q. What is Samsung’s vision behind this programme? A. The ‘Guru Shiksha’ programme is part of Samsung’s efforts to create a large pool of talented manpower with practical know-how and relevant industry experience in the technology industry. The trained teachers will receive regular updates from Samsung on the latest products and technologies, making them aware of the developments in this fast-evolving industry. It will help the students improve their employment avenues. Q. Does Samsung plan to increase the scale of this initiative? A. We plan to expand the reach of the programme to cover 150 teachers from ITIs in Chennai, Kolkata and Mumbai. Q. Tell us more about Samsung’s collaboration with the Department of Training & Technical Education, Delhi. A. It has been done to set up Samsung Technical Schools and run Samsung Advanced Repair and Industrial Skills Enhancement (ARISE) programme in ITIs to provide students with technical training and hands-on experience. Selected trained teachers will also get an opportunity to partner with Samsung and teach the ARISE programme at Samsung Technical Schools. Q. How is this initiative supporting government’s focus areas for economic growth and development? A. The Indian government has identified skills development among the country’s labour force as a key means of improving productivity and economic growth. The collaboration with Department of Training & Technical Education, setting up Samsung Technical Schools, ARISE programme and the ‘Guru Shiksha’ programme are Samsung’s way of answering the government’s call for skills development.
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Trade standoff, grant of market access on agenda
Ruchika M. Khanna Tribune News Service
Chandigarh, January 27 The other issues to be discussed during this meeting include setting up of a trade facilitation centre, creating a momentum in both countries regarding SAARC Visa Exemption Stickers, that would allow free movement of businessmen, scribes and artistes on both sides; and engaging Afghanistan for trade with India via Pakistan. Vikramjit Singh Sahney, president of the SAARC Chamber of Commerce and Industry, said he was convinced that trade and investment in the two countries was the only way to fail hardliners. "Since the hardliners have stalled the grant of MFN status to India by Pakistan, we are moving to get the NDMA from Pakistan. The entire South Asian regional engagement gets held hostage because of the political standoff between the two countries. We are thus creating a momentum for SAARC Visa Exemption Stickers, and one incident at the border (referring to the current trade stand off in Kashmir) cannot hold us back," he said. In India, the SAARC Chamber is pushing for an extension of the Amritsar-Kolkata freight corridor to extend to Lahore and Kabul on one side and Dhaka on the other. If this is done, the trade between India and Pakistan can zoom from the present $2.5 billion per annum to $10 billion per annum. He said they were also pushing for export of power from India to Pakistan and trying to get Indian businessmen invest in hospitality and health sectors in Pakistan. He said they would also take up the issue of trade facilitation measures.
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EGoM caps spectrum usage charge at 5%
New Delhi, January 27 The latter will benefit Mukesh Ambani-owned like Reliance Jio, which has a pan-India BWA spectrum and is yet to launch its services. The decision, which would now be cleared by the Union Cabinet, scraps the 3-8% fee range the country currently levies. The decision is also an effort to coax previously reluctant operators into taking part in third attempt at auctioning of two frequency bands for billions of dollars. Telecom regulator TRAI had recommended the annual fee for spectrum to be fixed at 3% of the operators' revenue. Weighted average method will be used to calculate spectrum usage charges, said Union Telecom Minister Kapil Sibal.
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Airbus A-380s allowed to fly in India
New Delhi, January 27 The decision has been taken after due consultations with the DGCA, Air India and the AAI,” the ministry said.
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Sensex plunges 426 pts; biggest drop in 5 months
New Delhi, January 27 Global markets were weak across the board following worries on currencies like Argentinian Peso and Turkey Lira which added to the rising uncertainty ahead of the RBI policy meet tomorrow. The sell-off in stocks and a rout of emerging market currencies also put pressure on the Indian rupee which breached the 63 to the dollar mark after two months. After opening weak, the market never really recovered and the market breadth was weak with selling take place across the board. Rate-sensitive realty, banking, metal and auto were among the hardest hit. After dropping 240 points in the previous session, the Sensex plunged by 426 points, or 2.02 per cent to end at 20,707.45, its biggest single-day fall since September 3, 2013 when it sank by over 651 points.
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"The number of jobs lost due to the non-operation of textile units in Punjab have grown at a CAGR of about 41% during the aforesaid period as the state has suffered loss of over 32,600 jobs as of 2010-11 as against over 1,000 in 2000-01," according to the study titled 'State-wise assessment of textile sector & recommendations,' conducted by Assocham.