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Archive for April, 2010

Bharat Stage emission norms in India

April 30, 2010 Leave a comment

The deadline for pan-India rollout of BS III emission norms which was originally set for April 2010, is now delayed to October this year. This is because the public sector refiners could not meet the deadline and planned a staggered roll-out in different cities.

This staggered schedule does not augur well for the automobile manufacturers as it will be a problem in launching new vehicles with improved engines. Thus, a draft amendment in Central Motor Vehicles Rules, 1989 in March 2010 was made which exempts vehicles manufactured between 1 April, 2010 and 30 September, 2010 from following the fuel standard norms under BS III.

What are BS norms?

Read more…

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Car Investment Projects

April 30, 2010 Leave a comment

Car Projects Completed During 2009-10 Read more…

Categories: Automobiles

Road projects under PPP rise to 1 lakh crore

April 29, 2010 2 comments

It is estimated that the national exchequer loses over Rs 20,000 crore every year due to sub-standard and inadequate roads.

Kamal Nath, the road transport and highways minister, has repeatedly promised to achieve his target of building a road network of 20 km per day, 7,000 km each year and 35,000 km in the next five years. Read more…

Is sugar getting too sweet?

April 29, 2010 1 comment

India is the largest consumer and the second largest producer of sugar (refer my post on Sugar Industry in India: Basics) in the world. Output of sugar in India does have an impact on the global sugar market. For the sugar year October 2009 to September 2010, demand was expected at 23 million tonnes compared to production expectation of 16 million tonnes together with carry-in stocks of 3 million tonnes. The expectation of a huge demand-supply mismatch resulted in prices rising sharply right from the beginning of the sugar year.

Read more…

Categories: Sugar

India’s Core Inflation

April 29, 2010 Leave a comment

Inflation has been a key area of concern for policymakers in India. The RBI takes various policy measures keeping the inflation and its expectation in mind. Measures taken by the RBI also have an impact on the performance of the industries. 

RBI in its monetary policy has mentioned two types of inflation. One, is the headline inflation and the other is the core inflation. Mostly economics, a blog by my colleague gives an insight in to these concepts and their application.

Categories: Macro economics

EPC/ Turnkey Contracts in Highway Sector

April 29, 2010 Leave a comment

Engineering procurement and construction (EPC) contracts are the most common form of contracts used to undertake construction works by the private sector on large-scale and complex infrastructure projects, such as power plants, petroleum and LNG terminals, steel mills, roads, etc. 

Under an EPC contract, a contractor is obliged to deliver a complete facility to a developer who need only turnkey to start operating the facility, hence EPC contracts are sometimes called turnkey construction in contracts. The price and date for delivery of the contract is fixed, failing which a contractor has to incur monetary liabilities.

Dr. Indrasen Singh, Dean, National Institute of Construction Management and Research in Goa has through his study tried to highlight the reasons why several road developers would choose the EPC route compared to the PPP route–which is being pushed by the government, in times of financial crisis.

Categories: Roads

Indian Industry News: Micromax becomes India’s third-largest mobile phone vendor

April 28, 2010 Leave a comment

Micromax- this name reminds me of IPL (the Dhoni ad). That was probably the first time I saw the company marketing really hard. Was thinking of checking out that phone one of these days, but to my surprise I read that micromax has become the 3rd largest mobile phone vendor in India. It kept me wondering how and when did this happen, as not many of us have even used it?? Read more…