Monthly February 2015 I Vol. 1 Issue 8 I 08 Pages I Rs.5/-I 15

"The golden rule for every business man is this: put yourself in your customer's place." - Orison Swett Marden

RNI No.MPBIL /2 014/ 5 9047 Visit : www.globalstandardnews.in Email : globalstandardnews@gmail.com 9893098803

Global StandardNEWS

socialist era plan body Planning O. Panneerselvam said vertical Commission, will forge a model of "co- devolution of share to the states should o p e r a t i v e a n d c o m p e t i t i v e be at least 50 per cent of the aggregate federalism"."Forgetting all our resources available with the Centre. differences, let us focus on the cycle of "We believe that the non-transparent, investment, growth, job creation and discretionary and uncertain fashion in prosperity," he said at the meeting which funds were allocated and attended by Chief Ministers and disbursed to States by the erstwhile representatives of 31 states and Union Planning Commission and by different Territories, addressing them as 'Team Central Ministries under various

New Delhi: EXhorting Chief Ministers India'. centrally sponsored schemes must be to bury differences to help India achieve Noting that India cannot advance comprehensively overhauled," he said. high growth and create jobs, Indian without all its states advancing in Uttar Pradesh Chief Minister Akhilesh Prime Minister Narendra Modi tandem, the Prime Minister said the idea Yadav made a case for at least 90 per promised more funds to states with was to bring up all states together in the cen t o f g r an t s unde r cen t r a l greater powers on their utilisattion, even spirit of 'Sabka Saath, Sabka Vikas'. schemes.Emphasising on continuous as he asked them to address issues Later briefing reporters, Finance interaction between the states and the delaying projects. Minister Arun Jaitley said that Modi told Centre, Yadav urged the Prime Minister Modi at the first Governing Council CMs that "the priorities are growth, to make the process of allocation of meeting of the newly-constituted NITI investment, jobs, poverty alleviation, funds to states more transparent and Aayog asked Chief Ministers to decentralisation, efficiency and no ensure that there was no room for personally monitor factors impacting delay in execution of projects". "discretion" while allocating funds to project execution and suggested that an The Prime Minister, Jaitley said, also the states. officer be identified in each state to highlighted that the economic activity NITI Aayog was set up as a think-tank monitor and resolve pending issues. really is to take place in states and for the Centre and states on January 1 He offered to transfer some of the 66 therefore states have an important role replacing over six-decade old Planning centrally sponsored schemes, for which to play. Commission.Andhra Pradesh Chief Rs 3,38,562 crore was provided in 2014- West Bengal Chief Minister Mamata Minister Chandrababu Naidu sought a 15, to states. A sub-group of Chief Banerjee skipped the meet, but Bihar special status category for the state Ministers would be set up under NITI Chief Minister Jitan Manjhi, who is besides an increase in central Aayog to look into rationalisation of facing a political turmoil back home, assistance.Naidu lamented that central these 66 schemes and recommend was present. States like Tamil Nadu and assistance to Andhra Pradesh was which ones "to continue, which to Uttar Pradesh demanded more funds for "disproportionate" to the state transfer to states, and which to cut states, while Kerala sought greater population and less than the amount down"."We will move away from 'one flexibility in central allocations. Telangana received. size fits all' schemes and forge a better Several states demanded more funds "While the state has a population of 58 match between the schemes and the and flexibility under centrally- per cent of the entire population of needs of states," Modi said. sponsored schemes, while non-BJP Andhra and Telengana put together, Modi also announced setting up of two ruled states, including Uttar Pradesh, they are only getting central assistance more such sub-groups -- one for skill asked for greater transparency and non- of 48 per cent of the total central development and creation of jobs within discretion in allocations.Congress-ruled assistance to the region."On the other states and the other to create an Kerala suggested that the new body hand, Telangana, which has 41 per cent institutional framework to make should decide on state quotas in the of the entire population of Andhra and 'Swachh Bharat (Clean India)' a same manner the erstwhile Planning Telangana, is getting 52 per cent of the continuous initiative. He said the new Commission used to do. central assistance," he told reporters body, which replaced the long-standing Ta m i l N a d u C h i e f M i n i s t e r a fte r the m e eti ng .

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Impregnable wall of KejariwalNew Delhi: In a stunning victory, the party also swept the posh South Delhi president, or indeed a referendum on Aam Aadmi Party (AAP) swept the constituencies. In winning over the the BJP regime at the Centre, the AAP Bharatiya Janata Party (BJP) out of urban underclass, which had so far was eager to drive home the message Delhi. The AAP won a staggering 67 been voting for Shiela Dikshit’s that the “Modi juggernaut had been seats in the 70-member Assembly version of Congress welfarism, and stopped,” as senior AAP leader with its vote share soaring to 54.3 per capturing the elite constituencies that Yogendra Yadav put it. While the BJP cent from the 33.8 per cent it got in the had been swayed by Narendra Modi’s suffered a severe loss of face, Lok Sabha election last year. The BJP development plank in the Lok Sabha humiliation was reserved for the got only three seats with 32.2 per cent poll, Kejriwal’s appeal cut across Congress, whose vote share appeared vote share as the Congress, in a first, every section of the electorate. to be in a free fall — from 24.55 per drew a blank with just about 9.7 per According to this leader, the cent in the 2013 Assembly elections to cent of the vote. At the AAP office, consolidation of the anti-BJP vote is 15.22 per cent in the Lok Sabha Chief Minister-elect Arvind Kejriwal the reason the party won just pol ls in May 2 0 1 4 presented the perfect picture of a three seats even after retaining to 9.7 per cent in t h e family man. Hugging his wife Sunita, 32.2 per cent of the vote share, just concluded an Indian Revenue Service officer, which is only marginally A s s e m b l y Kejriwal thanked the electorate. “I lower than its 33.07 per poll.salute the people of Delhi. They have c e n t v o t e s h a r e i n achieved something spectacular.” December 2013; it had Winning the hearts of the masses and picked up 31 seats then.classes, the AAP stormed traditional As BJP spokespersons Congress bastions, particularly the struggled to assert that the minority-dominated areas and the Delhi elections were slum clusters, where the promise of neither a reflection on the free power found great resonance. The Prime Minister or the party

PM PROMISES MORE POWERS TO STATES ON SPENDING

Ratan Tataturns adviser to VC fundBengaluru: After making personal investments in consumer tech startups, Ratan Tata is donning a new role that of an advisor to early-stage venture capital fund Kalaari Capital. Tata will lend his expertise to guide

Kalaari Capital. and mentor Kalaari's portfolio The VC fund which has $350 million companies. Incidentally, three out of under management took early bets on the four investments so far that Tata e-commerce majors like Myntra and has made in internet companies- Snapdeal. Snapdeal, Bluestone and Urban

Ladder- were funded by the " ( I f ent repreneurs make the Bengaluru-based Kalaari Capital. difference) in the marketplace Tata, while talking about the new through their hard work, ingenuity, breed of entrepreneurs, said, "The and innovation rather than in the dark hopeful thing is that in today's context corridors of power to try and clip the there are young, bright, capable wings of their competitors then I think entrepreneurs who risk not being a India has a great future," said the 76-part of big companies and are setting year old chairman emeritus of Tata up their own enterprise to make a Sons, the holding company of the difference." The days of seeking $100-bill ion steel-to-software protection through legislation should conglomerate Tata group. Besides, the not be the way we see growth in India- three e-commerce ventures that Tata young entrepreneurs should guide backed last year from Kalaari's against seeking protectionism, he said portfolio, he has also invested in auto in a chat with Vani Kola, MD at classifieds portal Cardekho.

Tina and Anil Ambaniwill run in Indore Maraton

Patricia Narayan:Women Of Great Determination

India's Largest Solar Park in Rajasthan

Adani to Set up

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Budget 2015:Gold Import Duty May Be Cut

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15 February 20152 Global StandardNEWS

PRATIBHA SHRIVASTAVA

Finance Minister Arun Jaitley will Jaitley is expected to create fiscal on Feb. 28 present his first full- space to spend as much as $50 billion

year budget, seeking to put Asia's in the year to March 2016 on new third-largest economy on a path of 7-8 roads, rail lines, ports and irrigation percent growth over the next two facilities.years.The 2015/16 budget is billed as a The 2015/16 budget is expected to "make-or-break" event for Prime give a big push to Modi's 'Make in Minister Narendra Modi's eight- India' campaign, with tax breaks and month-old government. For now, other incentives for several sectors. investors are giving him the benefit of The campaign is a centerpiece of the the doubt, lifting the BSE Sensex by Indian leader's plan to create jobs and more than 5 percent in the current year rejuvenate the under-performing to date.Thre are some of the reforms economy.investors and economists expect from Jaitley has promised to implement a the budget . nationwide Goods and Services Tax Jaitley is expected to stick to the fiscal (GST) from April 1, 2016. He consolidation path unveiled by the last introduced a bill in parliament in government in 2012, with the deficit December to rationalise state and target for 2015/16 and 2016/17 at 3.6 central indirect taxes into a percent and 3.0 percent of gross harmonized sales tax.domestic product, respectively. However, its passage depends on Investors hope the budget will follow whether he can honour his promise to up the recent scrapping of price caps compensate states for potential on diesel with similar reforms for revenue losses. The budget is expected other subsidised fuels. Jaitley is also to detail the promised compensation expected to initiate steps to trim package.spending on food and fertiliser Investors are seeking a new timeline subsidies. for the implementation of General The budget is expected to streamline Anti-Avoidance Rules (GAAR), flagship welfare schemes like the aimed at companies and investors N a t i o n a l R u r a l E m p l o y m e n t routing money through tax havens Guarantee Act (NREGA), the largest such as Mauritius. The rules were public works programme in the world. scheduled to come into effect from The scheme provides jobs for 50 April 1, 2014, but have been deferred million households and is credited for to 2016 to prevent any investor dramatically reducing distress sales of backlash.land in years of drought. But it is also a Jaitley is expected to offer a roadmap heavy burden on taxpayers and riddled to improve the health of ailing public with corruption. sector banks, which have been Investors are looking out for shifts hobbled by bad loans and corporate from current to capital expenditure. In governance issues.a report to parliament in December, the At a one-of-a-kind huddle with the finance ministry called for higher government last month, state-run public investment to offset weak banks had suggested setting up a corporate spending. The ministry holding company to manage them and reckons India needs to invest $800 suggested reducing state ownership to billion to clock 7 percent growth a below 51 percent.year.

EDITORIAL

Expectations from UNION BUDGET 2015 - 2016

"A man should never neglect his family for business" - Walt Disney

24th IMA CONCLAVEGreat feast for the listeners Indore: A “Tryst With Destiny” was a was Mr.Bhaskar Bhat as a third confront we will not be able to create a speech delivered by Jawaharlal s peaker, who is the Managing fruitful future for ourselves’.Nehru (Former Prime Minister of Director of Titan Company limited. The next speaker of was Mr.Rana India), on the eve of India’s He shared his views on ‘Make In India Kapoor who is the founder & CEO of independence that focuses on the – Global Footprints’. He claimed YES bank limited and President of aspects that transcend India’s History. himself as an accidental entrepreneur; ASSOCHAM. He talked about After years, once again 24th IMA everyone there was just loved that ‘Finance Management- Global Conclave bought the billion hopes by accident. He explained – ‘Make in Leadership’ at IMA conclave.‘Reclaiming tryst with destiny’ on the I n d i a ’ m e a n s e m p l o y m e n t It was followed by the 6th speaker of very first day of an event with the opportunities for our youth, better the day- Mr.Murugavel Janakiraman vision ‘To be the leader in CAD, improved trade balance and who is the CEO of Matrimony.com m a n a g e m e n t d e v e l o p m e n t national pride. India is zero to infinity, private limited. He shared his views movement’. and shared the overall So, the event started with experience of digitizing his the first speaker who is the business.chairman of TRL Krosaki Mr.Nikhil Gandhi was the Refractories Limited & second last speaker of the P re s iden t a t AIMA, IMA Conclave. He is the Mr.H.M.Nerurkar, who founder & Non-executive addressed the audience on chairman of Piparav the topic ‘Corporate Defence and Offshore Management – Emerging Engineering Company Paradigms’. limited. He motivated the Mr.H.M.Nerurkar make us audience by addressing on realize that ‘Leader live in the topic ‘Explosive challenging world, both at Growth – You can do it’. work and outside’. He also The important thing we taught us that the longevity learned from him was to of companies is under ‘Never say NO to the threat due to volatility; opportunity, grab it with leaders need to focus on both the hands’.

said Mr.Bhaskar Bhat.values which will enable building a “Jai Hind” – This is how Major Gen. The next speaker Mr.Rahul Bajaj was highly sustainable business. Bhupesh Jain from Indian Army, the on stage and everybody else was Followed by the second speaker last speaker of IMA conclave, started recalling the jingle ‘Hamara Bajaj’. Dr.K.Radhakrishnan, the chairman of addressing the audience there. The Mr.Rahul Bajaj is the chairman of Indian Space Research organization two inspiring thing we learned from Bajaj Group and he addressed the o n t h e t o p i c ‘ A c h i e v i n g Mr. Major Gen. Bhupesh Jain was to audience at IMA Conclave on the Technological Excellence’. Get into think strategically to avoid tragedy topic ‘Global Leadership through science and you will enjoy getting into and to have some patience because Corporate Governance’. Get inspired it, started Dr.K.Radhakrishnan. He ‘Every problem does not have an by the past to create future, he started. insisted to have role model, imbibe, immediate solution’. You will have to He said- I always see the glass half inculcate and become model yourself. combine lateral ly, vert ical ly, empty and believe to fill it as far as It was great listening to him. horizontally thinking for the whole possible. He taught that ‘Unless we Then, after Dr.K.Radhakrishnan there success, he concluded.

Indore,: It is essential for a machine to children of today are getting away attached 21 KM Marathon: Nehru Stadium, run for keeping its working capacity from outdoor activities. Consumption to the Palasia and Rajbada, Palasia, LIG, better similarly it is essential to keep of junk food and lack of physical partic Pardesipura, LIG , Vijay Nagar running our body to keep it fit and labour are causing diseaseases like ipant Square, Palasia , GPO and conclude at healthy . To spread importance of blood pressure and diabetes. Through s o f Stadium.jogging among common people for we want to show benefits of running t h i s health awareness, Academy of Indore to the youths and children. marathoMarathoners “is organizing half n. Timing of All type of people will run in three

n d the runner mara thon on 22 Februa ry. categories w i l l b e Approximately 20 to 25 thousand Marathon will be organised in three n o t e d people will participate in this different steps of 5 Km, 10 Km and 21 t h r o u g h marathon which will be organized in Km. There will be different tracks for sensors fitted at every two Kms. Exact three different parts of 5 KM, 10 KM different categories of the marathon timing of the winner will be find out and 21 KM running. To make aware which will be concluded at Nehru on the sensors fix at finish line. All the citizen about health film stars Sunil Stadium. Dr. Agrawal said that in this runners will receive information of Shetty, Sushmita Sen and corporate marathon, people who defeated their timing through sms and email celebrity like Anil/Teena Ambani will cancer will also participate along with within ten minutes of finishing. also participate in the marathon. patients of diabetes and blood Certificate of participation will also Healthy Indore with Clean Indore, pressure to inspire patients of above sent only through email. Green Indore. diseases. Not only that women and Registration is compulsory children will also participate in this Dr. Arun Agrawal, Cancer Specialist

running. There is a special provision Online Registration is compulsory for and president of “Academy of Indore for soldiers and officers of the Army, the people who are interested in Marathon” said that this is first big reserve force, police force, BSF and participating marathon. A fee of Rs. marathon which is organize by the CRPF in the marathon. 500 and 300 is fixed for 10 and 5 Km academy . Main purpose of this

marathon respectively. There is a marathon is to show people about Attraction of money prize with provision of 50 % rebate for the importance of running so as they can stars.runners of the security forces. attract towards it. Our aim to include To support purpose of the academy,

20 to 25 thousand people in this half R u n n i n g a c a d e m y w i l l b e Bollywood actor will also participate marathon. For this marathon various establishedin the marathon. Actor Sunil Shetty social, educational and other and Sushmita Sen have conveyed Dr. Agrawal said that academy will organizations are being contacted. their acceptance to participate in the also start a running academy in near Civi l adminis t ra t ion Kai lash marathon. Anil and Teena Ambani future. T his will be a unique academy Vijayvargiya is chief patron and will also participate as corporate of the central India where people will legislator Ramesh Mendola is patron dignitaries. There is attractive prize be given training for running. There of this event. money for the winners of the will be a running track and trainers H a p p y H o r m o n e s r e d u c e marathon. Winners will be provided who will teach right way of the depression prizes of total 7lac rupees. In this running to the people.

amount 1 lac rupees will be given to Dr. Agrawal informed that by running This will be the running track half marathon winner. Remaining neurotransmitters like serotonin, 5KM Marathon: From Rajbada to prize money will be given to winners calicrine and celandine which also Palasia, Geeta Bhawan, GPO and of different categories. known as happy hormones are conclude at Nehru Stadium.

released from body. Due to these Special technique for time 10 KM Marathon: From Nehru hormones, our anger and depression A special technique will be adopted Stadium to LIG, Pardesipura, LIG, come down and we feel happy and for the timing of the winners of 10 and Palasia, GPO and conclude at healthy. Apart from this youth and 21 Km marathon. A chip will be Stadium.

Tina And Anil AmbaniWILL RUN IN INDORE MARATON

ndMore than 25 thousand peoplw will run on 22 Februay half marathon

First Time in Indore ·

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Run will be organized the heart of the city , Entire traffic of main roads of Rajbada, Kothari Market, Palasia , LIG square, Pardesipura, Vijay Nagar square, will divert. Huge numbers of runners will participate from outside of the state.Some international runner will also participate.Marathon will be according to international standards.A special bib of individual name will be given to all the runners.To find out exact time and to protect from the probabilities of cheating road sensors and timing chips : these are fix for 10 and 21 Km marathon.Goody bag will be presented to all the runners of 10 and 21 Kms.Refreshments and medal will be given to all the participants. Result will be conveyed to the participant within 5 minutes from finishing of marathon through SMS Participants can see result online and can take print out certificate of participation. Two days expo will be organized

th stat Nehru stadium on 20 and 21 February to distribute bib.

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15 February 2015 3

"Successful people are the ones who are breaking the rules." - Seth Godin

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Global StandardNEWS

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7 factors that willdefine markets in 2015

Earnings to back multiples

Domestic flows or FIIs?

More volatility

Lower crude oil

Slow recovery

Commodity retreats

Pause in small/mid-caps

breather.Valuations at 1.8 times those As Andy Dufresne in The Shawshank of the Nifty (on a trailing basis) are Redemption said “Hope is a good difficult to sustain unless earnings thing. Maybe the best of things”. growth from the midget companies However, too much of anything is also follows a similar trajectory.This bad. At a price-earnings multiple of is the segment most susceptible to 18-19x trailing earnings on the Nifty catch a cold, if the large-caps sneeze.and over 25x for the mid-cap index and 33x for the small cap index, hope A key development for calendar year about equities is certainly at a high 2014 was the rediscovery of equities today. But for markets not to retrace as an asset class by local investors. their path, actual earnings or visibility Domestic flows into equities were of earnings growth will be paramount. higher than FII flows. But the last time

this happened was in calendar year Given anaemic earnings growth and a 2008. That's not very auspicious!murky global environment, say hello to volatility.Remember that pesky While the last quarter of calendar year neighbour hanging about your home 2014 witnessed “destabilisation” due whenever guests landed from to the sharp fall in crude oil prices, overseas, laden with gifts?Market calendar year 2015 will see the benefit volatility may be like that guest in of this fall. In India, users of crude oil 2015. We could see more bouts of it outnumber producers.So corporate than last year. earnings may see a lift. In addition, if

US consumers can spend more due to Already, murmurs of a slower-than- lower crude prices, why not Indians?expected economic revival are being heard.The 2008-09 crisis was After last year's rout, commodity followed by a V-shaped recovery.But prices should be stable with upward recovery from this downturn may be a bias, if no shocks to global growth s lower process . The current occur. If all these factors converge, the slowdown appears similar to the mythical 10-15 per cent return on 1999-2002 period of sluggish growth Indian equities may become a and a long grind to revival. reality.Drive safely, invest wisely and

pray the only exposure you and your Is the party in small and mid-cap family have to healthcare is through stocks, the stars of this rally, over? your equity portfolio. Have a great Perhaps not, but be ready for a year ahead.

In retrospect, 2014 has been a year that required a lot of chutzpah to navigate. Equities delivered outsized returns, markets were driven mainly by re-rating, the bottom dropped out of crude oil. With all this in mind, what will drive markets in 2015?

fganqLrku ;wfuyhoj ¼,p;w,y½ dks 'kgjh ilZuy ds;j dk çn'kZu xzkeh.k {ks=ksa esa urhtksa esa Hkh utj vk;kA vkbZVhlh us miHkksäkvksa ds [kpZ esa dVkSrh ls fpark gks csgrj jgk gS] tcfd [kkus&ihus ds mRiknksa frekgh urhtksa esa Js.kh vk/kkj ij vkadM+s ldrh gS D;ksafd fnlacj 2014 frekgh esa dh [kir 'kgjh {ks=ksa esa T;knk jghA ugha fn, ysfdu [kk| oLrqvksa dh ekax 'kgjh daiuh dh fcØh o`fn~?k egt 3 Qhlnh jgus {ks=ksa esa c<us ls daiuh dks Qk;nk gqvk gSA ;gh otg gS fd ,Q,elhth daifu;ksa dh ds ihNs bls Hkh ,d eq[; dkj.k ekuk tk vkbZVhlh ds xSj&flxjsV dkjksckj esa bl fcØh esa varj fn[kkbZ iM+rk gSA njvly jgk gSA ns'k dh lcls cM+h ,Q,elhth [kaM dh fgLlsnkjh djhc 70 Qhlnh gSA ,p;w,y dh vk; esa gkse ,oa ilZuy ds;j daiuh dh fiNyh vkB frekfg;ksa esa fcØh esa fo'ys"kdksa dk dguk gS fd 'kgjh {ks=ksa esa bl mRiknksa dh fgLlsnkjh djhc 80 Qhlnh gS ;g lcls de o`fn~?k jghA ysfdu cktkj [kaM esa ekax c<us dk vkbZVhlh dks dkQh vkSj buesa xzkeh.k {ks=ksa dk çn'kZu csgrj jgk 'kks/k ,tsalh vkbZ,evkjch ds miHkksäkvksa ds Qk;nk gqvk gSA xksnjst daT;wej çksMDV~l gSA gkykafd fczVkfu;k dh ckr djsa rks [kir ij tqVk, x, vkadM+ksa ls irk pyrk ds çca/k funs'kd foosd xaHkhj us dgk] 'kgjh mldh T;knkrj fcØh 'kgjh bykdksa esa gS fd 'kgjh {ks=ksa esa fcØh vkSj ewY; esa {ks=ksa esa rsth ls lq/kkj gksus ds ladsr utj gksrh gSA fczVkfu;k dh dqy vk; esa 90 btkQk gks jgk gSA ;g urhtk xzkeh.k vkSj vk jgs gSaA xzkeh.k bykdksa esa vHkh ekax c<us Qhlnh fgLlsnkjh csdjh mRiknksa dh gS vkSj 'kgjh nksuksa {ks=ksa ds 79]400 ifjokjksa ds dk bartkj fd;k tk jgk gSA bldh 60 ls 70 Qhlnh fcØh 'kgjksa esa gksrh vk/kkj ij fudkyk x;k gSA bls cM+h XySDlksfLeFkDykbu daT;wej gsYFkds;j ds gSA fczVkfu;k ds çca/k funs'kd o#.k csjh us ,Q,elhth daifu;ksa ds fy, vPNk ekuk çca/k funs'kd tqcSj vgen us dgk] fd u, dgk fd] gekjh ekftZu esa lq/kkj gqvk gS vkSj tk ldrk gSA gkykafd 2013 esa xzkeh.k {ks=ksa vkadM+ksa ls irk pyrk gS fd miHkksäkvksa ds geus miHkksäkvksa dks dqN Qk;nk Hkh esa ,Q,elhth mRiknksa dh [kir T;knk eukscy esa lq/kkj gqvk gSA blls vkxs 'kgjh igqapk;k gSA vkbZ,evkjch ds vkadM+s esa c<+h Fkh ysfdu bl ckj blesa deh ds ladsr {ks=ksa esa [kpZ esa btkQk gksus dh laHkkouk c<+h [kkus&ihus dh phtksa dh 'kgjh {ks=ksa esa ekax fey jgs gSaA o"kZ 2014 esa ,Q,elhth dh gSAc<+h gS] ftldk vlj fczVkfu;k ds frekgh [kir 'kgjh {ks=ksa esa 4 Qhlnh c<+h] tcfd 2013 esa blesa 2 Qhlnh dh deh vkbZ FkhA xzkeh.k {ks=ksa esa bldh [kir esa 3 Qhlnh dh fxjkoV ns[kh xbZ] tks 2013 esa yxHkx fLFkj jgh FkhAewY; ¼oSY;w½ ds fygkt ls ckr djsa rks fLFkfr cgqr vyx ugha gSA 'kgjh bykdksa esa 2014 ds nkSjku 6 Qhlnh dk btkQk ns[kk x;k] tcfd xzkeh.k {ks=ksa esa bldh of`n~?k nj 3 Qhlnh jghA 2013 esa 'kgjh {ks=ksa esa oSY;w esa 2 Qhlnh vkSj xzkeh.k {ks=ksa esa 4 Qhlnh dh o`fn~?k ns[kh xbZ FkhA vkbZ,evkjch daVkj oYMZokbM ds xzqi dkjksckj funs'kd o#.k flUgk us dgk] fcØh vkSj ewY; nksuksa fygkt ls 'kgjh {ks= xzkeh.k bykdksa ls vkxs gSaA ysfdu vyx mRiknksa ds vk/kkj ij ns[ksa rks fLFkfr vyx gSA elyu

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ubZ fnYyh% eksckby Qksu bLrseky djus vDVwcj ls fnlacj rd daiuh us lcls vksj vkus ds fy, çsfjr dj jgh gSa-okyksa ds fy, cM+h [kcj- ns'k esa 4th ds T;knk fle csps-y‚Up gksus ds ckn eksckby Qksu dh njsa de njvly 4th lsok esa fjyk;al ds mrjus ls gks tk,axh vkSj muds baVjusV dh LihM c<+ Li/kkZ cgqr rst gks xbZ gS vkSj lHkh daifu;ka tk,xh- ekpZ ls ;g ubZ lsok 'kq: gksus okyh bl vksj ns[k jgh gSa- Vsyhd‚e daifu;ka gS vkSj xzkgdksa dks ikus dh gksM+ esa baVjusV pkgrh gSa fd eksckby Qksu ;wtj baVjusV daifu;ka fj;k;rh njksa ij ;g v‚Qj djsaxh- dk T;knk ls T;knk bLrseky djsa D;ksafd dqN Vsfyd‚e daifu;ka vHkh ls gh eksckby mUgksaus bl ij cgqr /ku yxk;k gS- Qksu dh njsa de dj jgh gSa- bldk rktk fQygky eksckby Qksu ;wtjksa dk 85 mnkgj.k gS vkbfM;k ftlus njsa de djds çfr'kr fdlh rjg ds baVjusV dk bLrseky cM+h la[;k esa xzkgd cuk,- fiNys lky ugha djrk- vc daifu;ka mUgsa baVjusV dh

eksckbZy baVjusV dh njsa ?kVsxheksckbZy baVjusV dh njsa ?kVsxhIndore:- leading dairy brand Delight Dairy Limited of Dewas got ISO 22000:2005 Food safety management system certification. This certification is conferred to Shri Vivek Raina of Delight Dairy. The unit is located at Bhopal road Dewas. The company received the certificate from Mr. Sharma & Mr. Shrivastava of Shark Certification Pvt. Ltd.. Mr. Raina thanked Shark Certification team, as there quality partner to achieve the certification keeping in consideration the FSSAI legal and statutory requirements.

Delight Dairy, Dewas Gets

CertificateISO 22000

The global brand of International Performance Certification Alma (UK) International Star Performance Certification is proud to be associated with the Mega Event that is going to be held under the aegis of NAI and AIITA. The leading association of India NGOs Association of India (NAI) and All India IT Association (AIITA) has co-operated together to honour all those Individuals, Organizat ions , Ins t i tu tes , IT Companies, NGOs, Voluntary Associations dedicated their social services for the betterment of society and improving social economical development scenario of the country through National Excellence Awards 2015 (NEA) in multiple categories and field.This was informed by the NAI & AIITA president Shri SantoshShukla and the secretary of AIITA Dr. Rajeev Shrivastav. Shri shukla told that NEA has constituted three members jury panel as expertise to select finalists of all.

National Excellence Awards-2015 on 22 February 2015

4 Global StandardNEWS

WOMEN ENTREPRENEUR

"A Business has to be involving, It has to be fun, & it has to exercise your creative instincts" - Richard Branson

PATRICIA NARAYAN:women of great determination

An entrepreneur by accident

Offer to run a canteen

Ficci entrepreneur of the year award

The turning point

Advice to young entrepreneursThe first step as an entrepreneur

Ambulance to help the accident victims

the handicapped children to make There was a fire in me that made me there. I got the offer. I coffee and serve them to customers. believe that I could be successful had to serve three I was always interested in cooking and As I lived near the Marina beach, I without anyone's help. I did not want to meals to about 700 passionate about trying out new dishes. decided to put the mobile cart at the be a failure. If you have that fire, students. They gave But, the thought of becoming a Anna Square on the Marina beach. I nothing in the world can stop you from us quarters to stay. It business woman never came to my had seen people thronging the beach in succeeding. was a new life for me. mind at all as I do not come from a the evenings. But I had to make I got into the groove business family. Both my parents were umpteen trips to the Public Works in a day. It was government servants. But my marriage life. What shocked me was the way the On seeing my work at the beach, within Department and wait for one year to get successful from day one, and I took changed everything. Both the families accident victims were treated by the a year, the Slum Clearance Board gave the permission. care of the canteen till 1998.opposed the marriage vehemently as ambulance operators. When they found me an offer to run the canteen at their

my husband belonged to the Brahmin Finally, I started working on June 21, My first weekly payment was Rs that all the four in the car were dead, office with a proper kitchen. The community; unfor tunately my 1982, a day I will never forget. The 80,000. I felt so elated having seen only they said they would not carry dead chairman met me during her morning marriage did not work out as my previous night itself, with the help of hundreds and thousands till then. bodies. Finally, somebody carried all walk. That is how I got the offer. The husband was addicted to alcohol, the local rickshaw drivers, I had rolled During those times, I was earning the dead bodies in the boot of a car. canteen was a huge success .drugs, etc. I could not bring him out of the mobile cart to the beach. It was a almost a lakh a week. When I saw the bodies being taken out On Wednesdays, it was the public the addiction. As a young woman, I did small move but thrilling as it was my o f t he boo t , I b roke down .grievance day, so about 3000 people In those days, I wanted to do everything not know how to cope with this and I own and I was going to be a business No mother can bear such a scene. That used to come there and I had a roaring personally as I felt only then, things was getting beaten up everyday. woman the next day. While such carts is when I decided to keep an ambulance business. I used to get up at 5 a.m. in the would run smoothly. Now I know if I Though my father, a very conservative sold only tea and cigarettes, I decided to on that very spot to help people whether morning, make idlis and go to the train people well, they will do the work Christian never forgave me, he gave me sell cutlets, samosas, bajjis, fresh juice the victims are alive or dead. It is in beach. From 9 a.m. I would be at the the way you want.refuge when I had nowhere to go. I was and coffee and tea. On the first day, I m e m o r y o f m y d a u g h t e r .canteen. From 3.30 p.m. I would again Starting restaurantsthrown out with two very small sold only one cup of coffee and that was be at the beach cart and would be there My connection with restaurants started children. It was a question of survival for fifty paise! I started my business with just two till 11p.m. By then, I had employed in 1998 when I met people from the for me. I knew I should either succumb people. Now, there are 200 people I was very disappointed and came people to cook, and clean, and all the Sangeetha Restaurant group. They to the burden or fight; I decided to fight working for me in my restaurants. My home crying. I told my mother, that I cooking was done at the canteen offered me a partnership in one of the my lonely battle. lifestyle has changed too. From would not like to continue. But my kitchen. My monthly income in those units. But my son, Praveen Rajkumar

travelling in a cycle rickshaw, I moved I did not want to be a burden on my mother consoled me saying, at least days was around Rs 20,000. wanted me to start my own restaurant to auto rickshaws and now I have my parents. So, to be economically you sold one cup of coffee. That's a Later, I got an offer to run the Bank of and build a brand of ours.own car. From 50 paise a day, my independent, I could only do what I good sign. You will do well tomorrow. Madurai canteen, I stopped running the But destiny played truant with me revenue has gone up to Rs 2 lakh a day.knew and what I liked. I started making And, she was adamant that I go the next canteen at the Slum Clearance Board again. I lost my daughter, Pratibha The 'Ficci entrepreneur of the year' pickles, squashes and jams at home. I day also. The next day, I made sold canteen. At the Bank canteen, I served Sandra and son-in-law road accident, a award is the culmination of all the hard just took a couple of hundred rupees snacks for Rs 600-700 which was big food to around 300 people daily. month after their marriage in 2004. It work I have put in over the last 30 from my mother. I sold everything I money for me then! As I started making shattered me, and I withdrew from all years. It came as a surprise as this is the made in one day and that gave me money, I added i ce c reams , One day, after a fight with my husband that I was doing.first time I have received an award.confidence. sandwiches, French fries and juices who used to come to trouble me often, I Then my son took over and started the Till now, I had no time to think of what I too. I used to keep thinking of adding I earned a good income. I invested boarded a bus and travelled till the last first restaurant 'Sandeepha' in my was doing. But the award made me more items. I ran it from 1982 to 2003, whatever I earned to make more stop. I got down and saw the National daughter's memory. It took some time look back and relive the days that and the maximum I made from that pickles, squashes and jams. It was quite Port Management training school run for me to come out of the shock and passed by. Now, my ambition is to build mobile cart was Rs 25,000 a day. That lucrative in the sense, even ten rupees by the Central government. start helping my son in the business. m y S a n d e e p h a b r a n d .was during the bandh days! We used to was a blessing for me. On the spur of the moment, I told the Now, I am fully involved in the

be open from 3 p.m. to 11 p.m. every security guard that I wanted to meet the business. The fire to succeed has come day, and later, I started opening from 5 Do not ever compromise on quality. My father's friend, who was running a administrative officer. I met him and back to me now.a.m. to 9 a.m. for the walkers. Never lose your self-confidence. school for handicapped children, was told him that I was a caterer and that I

Believe in yourself and the product you I used to personally stand there and sell handing out mobile carts or kiosks to heard they were looking for a one.are making. Third, always stick to what all the stuff I made. I never felt scared to people who would employ at least two He said, to my surprise that they were I still cannot get over my daughter's you know. When you employ people, stand there late at night. My only handicapped people. They needed indeed looking for one as they had death as I did all this for my children; to you should know what you ask them to thought was to prove myself and move somebody who could run it and I was problems with the current contractor. I bring them up and give them a good do.ahead.offered one such cart free. I had to train still believe it was God who took me

The story of Patricia Narayan, winner of this year's 'Ficci Woman Entrepreneur of the Year' award is amazing. She started her career 30 years ago as an entrepreneur, selling eateries from a mobile cart on the Marina beach amidst all odds -- battling a failed marriage, coping with her husband, a multiple addict, and taking care of two kids. Today, she has overcome the hurdles and owns a chain of restaurants.

How Union budget is formulated?The budget process in India, like in prepared by them. would consist of budget estimates for Act, which has made it mandatory for the finance ministry consolidates all most other countries, comprises E stimates, revised estimates and 2012-13, revised estimates for 2011- the Union government to show the figures to be presented in the budget four distinct phases. actuals 12, and actual expenditures and revenue deficit as nil (total revenue and prepares the final budget 1. Budget formulation: the preparation It must be noted that the ministries are receipts of 2010-11. expenditure not exceeding total documents. The National Informatics of estimates of expenditure and required to provide three different Planning Commission's role revenue receipts by even a single Centre (NIC) helps the budget division receipts for the ensuing financial year; kinds of figures relating to their The ministries would provide budget rupee) and the fiscal deficit as less than in the process of consolidation of the 2. budget enactment: approval of the expenditures and receipts during this estimates for plan expenditure for 3 per cent of GDP. This means new budget data, which has been fully proposed Budget by the Legislature process of budget preparation. These budget estimates for the next financial borrowing of the government in a computerised. through the enactment of Finance Bill are: budget estimates, revised estimates year, only after they have discussed financial year cannot exceed 3 per cent At the end of this process, the finance a n d A p p r o p r i a t i o n B i l l ; and actuals. Let us consider, for their respective plan schemes with the of the country's GDP for that year. minister takes the permission of the 3. budget execution: enforcement of instance, the case of budget preparation Central Planning Commission. Final stages president of India for presenting the the provisions in the Finance Act and in the second half of the calendar year The Planning Commission depends on Also, during the final stage of budget Union budget to Parliament. A p p r o p r i a t i o n A c t b y t h e 2011. the finance ministry to first arrive at the preparation, the revenue-earning As per the Constitution, the Union government—collection of receipts The Union government would prepare size of the gross budgetary support, ministries of the Union government budget is to be presented in the Lok and making disbursements for various the budget for 2012-13 during the time which would be provided in the budget provide the estimates for their revenue Sabha on such a day as the president serv ices as approved by the period of September 2011 to February for the next annual plan of the Union receipts in the current fiscal year may direct. By convention, Union Legislature; and 2012. In this case, the approval of government. In principle, the size of (revised estimates) and next fiscal year budget has been presented in Lok 4. legislative review of budget Parliament would be sought for the each annual plan should be derived (budget estimates) to the finance Sabha by the finance minister on the i m p l e m e n t a t i o n : a u d i t s o f estimated receipts/expenditures for from the approved size of the overall ministry. Subsequently, usually in the last working day of the month of government's financial operations on 2012-13, which would be called budget Five-Year Plan (12th Five-Year Plan, month of January, more attention is February every year. behalf of the Legislature. estimates. 2012-13 to 2016-17, in the present paid to finalisation of the estimated The finance minister, by convention, Process starts August-September At the same time, the Union instance). However, in practice, the receipts. With an idea about the total makes a speech while introducing the In the Union government, there is a government, in its budget for 2012-13, size of the gross budgetary support for requirement of resources to meet budget. The annual financial statement budget division in the department of would also present revised estimates an annual plan also depends on the expenditures in the next fiscal year, the is laid on the table of Rajya Sabha only economic affairs under the Ministry of for the ongoing financial year 2011-12. expected availability of funds with the finance ministry focuses on the after the finance minister concludes his Finance. This division starts the We may note here that the government finance ministry for the next financial revenue receipts for the next fiscal. budget speech in Lok Sabha. process of formulation of the next would not seek approval from year. In the final stage of budget preparation, The budget documents are made financial year's Union budget in the Parliament of revised estimates of Call to reduce deficit the finance minister examines the available to the members of Parliament months of August–September every 2011-12; but, these revised estimates In the past few years, the finance budget proposals prepared by the after the finance bill has been year. To start the process, the budget would allow the government to ministry has been vociferously arguing ministry and makes changes in them, if introduced in Lok Sabha, and the division issues an annual budget reallocate its funds among various for reduction of fiscal deficit and required. The finance minister consults House has been adjourned for the day. circular around the last week of August ministries based on the implementation revenue defici t of the Union the prime minister, and also briefs the It may be noted that the budget process or the first fortnight of September every of the budget for 2011-12 during the government, citing the targets set by the Union Cabinet, about the budget at this in India lacks transparency in one year. first six months of financial year 2011- Fiscal Responsibility and Budget stage. aspect: while enactment of the Budget This annual budget circular contains 12. Finally, ministries would also be Management Act and its rules. Hence, If there is any conflict between any by the legislature and the review of its detailed instructions for the Union reporting their actual receipts and presently, the aspirations of the ministry and the finance ministry with implementation are reasonably government ministries/departments expenditures for the previous financial Planning Commission and Union regard to the budget, the matter is transparent, the process of budget relating to the form and content of the year 2010-11. government ministries with regard to supposed to be resolved by the Cabinet. preparation by the government is statement of budget estimates to be Hence, the Union budget for 2012-13 spending face the legal hurdle of this In the final stage, the budget division in carried out behind closed doors.

15 February 20155

"My son is now an "ENTREPRENEUR" that's what you recalled when you don't have a job." - Ted Turner

Budget in ParliamentWith the emergence of Welfare Parliament, Annual Financial Statement' Government presents the

State, Governments have Statement (article 112). These following documents: an Explanatory come to look after virtually every provisions of our Constitution make Memorandum briefly explaining the sphere of human life. They have to the Government accountable to nature of receipts and expenditure perform manifold functions from Parliament. during the current year and the next maintaining law and order, protecting The Budget year and the reasons for variations in their territories to implementation of The 'Annual Financial Statement', the estimates for the two years, the plans for economic and social laid before both the Houses of Books of Demands showing the betterment. Besides, they provide a Parliament constitutes the Budget of provisions Ministry-wise and a variety of social services like the Union Government. This s e p a r a t e D e m a n d f o r e a c h education, health, employment and statement takes into account a period Department and service of the housing to the people. Needless to say, of one financial year. The financial Ministry. The Finance Bill which Government require adequate year commences in India on 1st April deals with the taxation measures system of consideration of Demands grievance. resources to discharge these functions each year. The statement embodies proposed by Government i s for Grants by the S tanding Appropriation Billeffectively. Where is this money to t h e e s t i m a t e d r e c e i p t s a n d introduced immediately after the Committees was introduced from the After the General Discussion on the come from and who is to sanction the expenditure of the Government of presentation of Budget. It is Budget for the year 1993-94. The Budget proposals and Voting on funds? The necessary funds are India for the financial year. accompanied by a memorandum Standing Committee consists of 45 Demands for Grants have been mobilised from the country's Demands for Grants explaining the provisions of the Bill Members, 30 from Lok Sabha and 15 completed, Government introduces resources by way of taxes both direct The estimates of expenditure included and their effect on the finances of the from Rajya Sabha. The reports of the the Appropr ia t ion Bi l l . The and indirect, loans both long-term and in the Budget and required to be voted country. Standing Commit tees are of Appropriation Bill is intended to give short-term, to meet the Governmental by Lok Sabha are in the form of Vote on Account persuasive nature (Rule 331N). The authority to Government to incur expenditure. In India, the principal Demands for Grants. These Demands The discussion on the Budget begins a report shall not suggest anything of expenditure from and out of the sources of revenue are customs and are arranged Ministry-wise and a few days after its presentation. In a the nature of cut motions. Consolidated Fund of India. The excise duties and Income-tax on separate Demand for each of the democratic set-up, Government is After the reports of the Standing procedure for passing this Bill is the individuals and companies. major services is presented. Each anxious to give Parliament full Committees are presented to the same as in the case of other money Need for Budget Demand contains first a statement of opportunity to discuss the budgetary House, the House proceeds to the Bills.It is not as if the Government can tax, the total grant and then a statement of provisions and the various proposals discussion and Voting on Demands Finance Billborrow and spend money the way it the detailed estimate divided into for taxation. Since Parliament is not for Grants, Ministry-wise. The time The Finance Bill seeking to give likes. Since there is a limit to the items. able to vote the entire budget before for discussion and Voting of Demands effect to the Government's taxation resources, the need for proper Railway Budget the commencement of the new for Grants is allocated by the Speaker proposals which is introduced in Lok budgeting arises to allocate scarce The Budget of the Indian Railways is financial year, the necessity to keep in consultation with the Leader of the Sabha immediately after the resources to various Governmental presented separately to Parliament enough finance at the disposal of House. On the last day of the allotted presentation of the General Budget, is activities. Every item of expenditure and dealt with separately, although the Government in order to allow it to run days, the Speaker puts all the taken up for consideration and passing has to be well thought out and total receipts and expenditure of the the administration of the country outstanding Demands to the Vote of after the Appropriation Bill is passed. outlay worked out for a specific R a i l w a y s f o r m p a r t o f t h e remains. A special provision is, the House. This device is popularly However, certain provisions in the period. Prudent spending is essential Consolidated Fund of India and the therefore, made for "Vote on Account" known as 'guillotine'. Lok Sabha has Bill relating to levy and collection of for the stability of a Government and figures relating to them are included by which Government obtains the the power to assent to or refuse to give fresh duties or variations in the proper earnings are a pre-requisite to in the 'Annual Financial Statement'. Vote of Parliament for a sum sufficient assent to any Demand or even to existing duties come into effect wise spending. Hence, planned Presentation to incur expenditure on various items reduce the amount of Grant sought by immediately on the expiry of the day expenditure and accurate foresight of In India, the Budget is presented to for a part of the year. Government. In Rajya Sabha there is on which the Bill is introduced by earnings are sine-qua-non of sound Parliament on such date as is fixed by Normally, the Vote on Account is only a General Discussion on the virtue of a declaration under the Governmental finance. the President. The Budget speech of taken for two months only. But during Budget. It does not vote on the Provisional Collection of Taxes Act. Parliamentary Control over the Finance Minister is usually in two election year or when it is anticipated Demands for Grants. Only so much of Parliament has to pass the Finance Finance parts. Part A deals with general that the main Demands and the amount is subject to the vote of Bill within 75 days of its introduction.Ours is a Parliamentary system of economic survey of the country while Appropriation Bill will take longer Lok Sabha as is not a "charged" Supplementary/Excess GrantsGovernment based on Westminster Part B relates to taxation proposals. time than two months, the Vote on expenditure on the Consolidated Fund No expenditure in excess of the sums model. The Constitution has, General Budget was earlier being Account may be for a period of India. The "charged" expenditure authorised by Parliament can be therefore, vested the power over the presented at 5 P.M. on the last working exceeding two months. includes the emoluments of the incurred without the sanction of purse in the hands of chosen day of February, but since 1999 the Discussion President and the salaries and Parliament. Whenever a need arises to representatives of the people thus General Budget is being presented at The Budget is discussed in two stages allowances of the Chairman and i n c u r e x t r a e x p e n d i t u r e , a sanctifying the principle 'no taxation 11 A.M. on the last working day of in Lok Sabha. First, there is the Deputy Chairman of Rajya Sabha and Supplementary estimate is laid before without representation'. Preparation February, i.e. about a month before the General Discussion on the Budget as a the Speaker and Deputy Speaker of Parliament. If any money has been of Budget for the approval of the commencement of the Financial year whole. This lasts for about 4 to 5 Lok Sabha, Judges of Supreme Court, spent on any service during a financial Legislature is a Constitutional except in the year when General days. Only the broad outlines of the Comptroller and Auditor General of year in excess of the amounts granted obligation of the Government both at Elections to Lok Sabha are held. In an Budget and the principles and policies India and certain other items specified for that service and for that year, the the Centre and the State levels. election year, Budget may be underlying it are discussed at this in the Constitution of India. Minister of Finance/ Railways Legislative prerogative over taxation, presented twice—first to secure Vote stage. Discussion in Lok Sabha on 'charged' presents a Demand for Excess Grant. legislative control over expenditure on Account for a few months and later Consideration of the Demands by expenditure is permissible but such The procedure followed in Parliament and executive initiative in financial in full. The General Budget is S t a n d i n g C o m m i t t e e s o f expenditure is not voted by the House. in regard to Supplementary/Excess matters are some of the fundamental presented in Lok Sabha by the Parliament Members have full opportunity to Grants is more or less the same as is pr inciples of the sys tem of Minister of Finance. He makes a After the first stage of General criticise the budgetary provisions adopted in the case of estimates Parliamentary financial control. speech introducing the Budget and it Discussion on both Railway as well as during the course of discussion as also included in the General Budget.There are specific provisions in the is only in the concluding part of his General Budget is over, the House is to make suggestions for improving the Budget of a State/Union Territory Constitution of India incorporating speech that the proposals for fresh adjourned for a fixed period. During financial position of the country. under President's Rulethese tenets. For example, article 265 taxation or for variations in the this period, the Demands for Grants of Cut Motions Budget of a State under President's providesthat 'no tax shall be levied or existing taxes are disclosed by him. various Ministries/Departments Motions for reduction to various rule is presented to Lok Sabha. The collected except by authority of law'; The 'Annual Financial Statement' is including Railways are considered by Demands for Grants are made in the procedure followed in regard to the no expenditure can be incurred except laid on the Table of Rajya Sabha at the concerned Standing Committees form of Cut Motions seeking to Budget of the Union Government is with theauthorisat ion of the conclusion of the speech of the (Rule 331G). These Committees are reduce the sums sought by followed in the case of State Budget Legislature (article 266); and Finance Minister in Lok Sabha. required to make their reports to the Government on grounds of economy also with such variations or President shall, in respect of every Budget Documents House within specified period or difference of opinion on matters of modifications, as the Speaker may financial year, cause to be laid before Alongwith the 'Annual Financial without asking for more time. The policy or just in order to voice a make.

fdlh Hkh ns'k dh thMhih vFkZO;oLFkk dks ge nks rjhds ls ekirs gSa ftlesa ls igyk dh tkrk gSA thMhih dk vkadM+k le>us dk lcls vPNk rjhdk gS ml ns'k iSekuk gS dkaLVSaV çkblA ftlds varxZr vFkZO;oLFkk ds çeq[k mRiknu {ks=ksa esa dh thMhih ftldk vFkZ ldy ?kjsyw thMhih dh nj o mRiknu dk ewY; ,d mRiknu dh o`f) nj ij vk/kkfjr gksrk gSAmRikn ̂ ^xz‚l MksesfLVd çksMDV^^ gksrk gSA vk/kkj o"kZ esa mRiknu dh dher ij r; ns'k dh vFkZO;oLFkk esa yxHkx gj fdlh ij tks ,d nh gqbZ vof/k esa fdlh ns'k esa fd;k tkrk gSA tcfd nwljk iSekuk djsaV vkfFkZd mRiknu vkSj fodkl ,d cM+k mRikfnr] vkf/kdkfjd rkSj ij ekU;rk çkIr çkbl gS ftlesa mRiknu o"kZ dh egaxkbZ nj çHkko Mkyrk gSA thMhih c<+us vkSj ?kVus vafre eky vkSj lsokvksa dk cktkj ewY; gSA blesa 'kkfey gksrh gSA nksuksa gh fLFkfr esa ;g 'ks;j cktkj ij ,d ;g ,d vkfFkZd ladsrd Hkh gS tks ns'k ds gekjs ns'k esa —f"k] m|ksx vkSj lsok rhu egRoiw.kZ çHkko Mkyrk gSA udkjkRed dqy mRiknu dks ekirk gSA ns'k ds çR;sd çeq[k ?kVd gSaA ftuesa mRiknu c<+us ;k thMhih fuos'kdksa ds fy, ,d fpark dk O;fä vkSj m|ksxksa }kjk fd;k x;k mRiknu ?kVus dh vkSlr ds vk/kkj ij thMhih nj fo"k; cu tkrh gSA D;ksafd udkjkRed Hkh blesa 'kkfey gSA çfr O;fä ldy ?kjsyw r; gksrh gSA ;fn ge dgrs gSa fd ns'k dh thMhih ;g fu/kkZfjr djrk gS fd ns'k mRikn ¼thMhih ij dSfiVk½ lkekU;r;k thMhih esa çfr o"kZ rhu Qhlnh dh c<+ksrjh vkfFkZd eanh ds nkSj ls xqtj jgk gSA ,sls fdlh ns'k ds thou&Lrj vkSj vFkZO;oLFkk ntZ dh tk jgh gSA rc ;g le>k tkuk le; ns'k esa mRiknu ?kV tkrk gS ftldh dh le`f) lwpd ekuk tkrk gSA pkfg, fd vFkZO;oLFkk rhu Qhlnh dh nj otg ls gj O;fä dh okf"kZd vk; Hkh blls nks rjg ls thMhih dks çLrqr fd;k tkrk ls c<+ jgh gSA ysfdu vDlj bl vkadM+s esa çHkkfor gksrh gS vkSj ckn esa csjkstxkjh gSA D;ksafd mRiknu dh dhersa egaxkbZ ds egaxkbZ nj dks 'kkfey ugha fd;k tkrk gSA c<+rh gSA lkFk ?kVrh vkSj c<+rh jgrh gSaA thMhih dks Hkkjr esa thMhih dh x.kuk çR;sd frekgh esa

xf.kr thMhih dk!

Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. - Thomas A. Edison

15 February 20156 Global StandardNEWS

Adani to Set upIndia's Largest Solar Park in RajasthanJaipur: Adani Enterprises Ltd on Monday signed a pact with the Rajasthan government to develop the country's largest solar park in the state said: "Adani Enterprises... and development of solar park facility is with 10,000 MW capacity over the Government of Rajasthan have signed our contribution towards realisation next 10 years at an estimated a MoU to jointly set up India's largest of our Honourable Prime Minister's investment of about Rs 40,000 crore. solar park of 10,000 MW in campaign and commitment towards The company will set up solar power Rajasthan." clean and green energy in India," project of 5000 MW on its own in the The flagship company of the Gautam Adani Group chairman Gautam Adani next five years. The Adani Group will Adani-led Adani Group will form a said in the release.The solar park will also develop solar manufacturing joint venture (JV) to set up the solar produce clean and green energy of un i t s and power evacua t ion park, which would include generation about 16,644 million units, furthering systems.An investment of Rs 40,000 projects and a manufacturing unit for India's goals for clean, renewable crore has been proposed in the state s o l a r m o d u l e , p a r t s a n d energy independence.for the projects, according to an equipment.Sources said while the The government has announced official statement. Rajasthan government would provide setting of 1 lakh megawatt solar Rajasthan Renewable Energy the required land for the project as part capacity by 2022. It has also issued Corporation (RREC) managing of its equity, the entire investment guidelines for setting up at least 25 director B K Dosi and Adani's power w o u l d b e m a d e b y A d a n i solar parks each with a capacity of 500 business CEO Vneet S Jaain signed Enterprises.The company did not MW and above across India.Last t h e m e m o r a n d u m o f reveal the investment figure as it is yet month, Adani Enterprises had signed understanding.The MoU was signed to work out the details. M o U w i t h t h e U S - b a s e d in the presence of the Rajasthan Chief "India has embarked upon an SunEdisonlnc to jointly invest $4 Minister Vasundhara Raje and Adani ambitious programme of becoming a billion for setting up India's largest Enterprises MD Rajesh Adani, said world leased in renewable power solar photo-voltaic making plant at the statement.The company release generation, with a focus on solar. The Mundra in Gujarat.

Force Motors plans to set up a various activities, including product manufacturing facility at Chakan development and setting up of a

near Pune to produce a range of parts dedicated facility for assembling including engines, gearboxes and eng ines fo r BMW veh ic les .axles with annual cacity of 50,000 The company sells a range of sets. The company's board has vehicles, including small commercial approved, as per the circular dated vehicles, multi-utility vehicles February 7, establishment of factory, (MUVs), light commercial vehicles, Force Motors Ltd said in a filing to the sports utility vehicles (SUVs) and BSE. agricultural tractors Force Motors has "The company already owns the land two plants in India. Its small and necessary steps to convert the use commercial vehicles and tractors are of the land and obtain necessary rolled out from the facility at Pune, permissions for construction and while others such as SUVs, MUVs establishment of such a factory are and other commercial vehicles are b e i n g t a k e n , " i t a d d e d . produced from Pithampur in Madhya Last year, the Pune-based firm had Pradesh. Force Motor's shares closed announced plans to invest around Rs at Rs 1,227.95 apiece, down 2.05 per 1,000 crore over the next four years on cent, on the BSE.

FORCE MOTORSTo Set Up New Facility Near Pune

India is World's Fastest-Growing

BIG ECONOMYNew Delhi:

India made forecast that annual economic growth would accelerate to 7.4 per cent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy.The new estimate is sharply higher than the Reserve Bank of India's (RBI) growth projection of around 5.5 per cent take into account gross value addition under the old method as well as a in goods and services as well as revised 6.9 per cent growth a year indirect taxes. The base year has been earlier. shifted to 2011/12 from 2004/05.Under the new method, the economy The reading, however, is at odds with grew 7.5 per cent in the quarter ending other indicators such as industrial in December, outpa cing China's 7.3 production and trade data, which per cent growth in the latest quarter suggest the economy is still suffering and making India the fastest growing from slack.A. Prasanna, economist at major economy in the world.The ICICI Securities Primary Dealership revisions mark a dramatic turnaround Ltd, questioned the credibility of the for an economy that barely a fortnight data and asked the government to ago was assumed to be still struggling e x p l a i n g l a r i n g g a p s . " T h e to gather momentum under Prime government has itself been saying that Minister Narendra Modi's reform- tax collections are slow due to a minded government. Prior to PM slowdown in the economy, but the Modi's election last May, the other wing of the government is economy had endured its weakest saying that GDP growth has been phase of growth since the 1980s. good," he said."That means either one The apparent recovery is, however, in part of the economy is not taxed or large measure due to changes both in there is an issue with the data."GDP the way authorities calculate gross growth for the first half of fiscal domestic product (GDP) and the base 2014/15 was also recalculated and year.India now measures GDP by revised up to about 7.4 per cent from market prices instead of factor cost, to the 5.5 per cent reported earlier.

Railways to Build 200 Kmph Trains IndigenouslyNew Delhi: The Railways will build Suresh Prabhu would be pitching for services in north eastern states as a coaches to run at the speed of 200-km improving financial health of the national project.The Rail Budget to be per hour at its Chennai facility in ailing public transporter as well as presented on February 26 will also keeping with the Narendra Modi passenger services. propose world class manufacturing government's 'Make in India' Customer satisfaction will be a focus facilities in the country. Use of latest initiative.Introduction of AC rakes in area of this year's Rail Budget as a technology and automation to reduce the inter-city services to make the series of steps including air- manpower and better quality control journey more comfortable will also be conditioning of Diesel Electric at railway factories and workshops are proposed in the Rail Budget 2015- Multiple Unit (DEMU) trains for likely to be announced. Since many 16.As per this year's Rail Budget inter-city services and noise reduction premium trains with higher fares have proposal, it will manufacture a in diesel locomotive cabs are likely to been introduced to boost revenue prototype rake consisting collection, the railways of 20 coaches for the 200- w i l l u n d e r t a k e a n km per hour speed train at exercise for upgrading of i t s C h e n n a i c o a c h coach interiors including factory.At present, the redesigning user-friendly Railways builds coaches toilets.to run at a maximum National Institute of speed of 160-km per Design (NID) is likely to hour. be roped for redesigning Bes ides ind igenous the interiors of coaches, manufacture of semi- the sources said. The Rail high speed coaches for B u d g e t w i l l h a v e 200 km per hour, the provision for dustbins in Railway Ministry will all type of coaches as make a concerted effort most non-AC coaches are to give fillip to Prime at present not provided be proposed, the source said. An Minister Narendra Modi's 'Make in with this facility.In line with the inter-city service covers up to 160-km India' initiative.Manufacturing of 'Swachh Bharat' campaign, the distance and caters to mostly daily many locomotive components like railways will propose to cover 100 commuters.An attempt is being made cranks shaft, alternators and forged more trains under 'On Board to make the inter-city travel more wheels will also be proposed to be Housekeep ing Serv ices ' and comfortable and faster in the Rail undertaken indigenously instead of proliferation of bio-toilets in trains Budget 2015-16, the sources said.importing these parts from outside, and stations. Besides, six more In order to promote north-east sources in the Railways said.In his stations will be covered under the connectivity, Mr Prabhu will also first Rail Budget, Railways Minister Clean Train Station Scheme.announce introduction of DEMU

Siemens Bags Orders worth Rs 450 Crore

New Delhi: Engineering major The company further said that it will Siemens Ltd has bagged orders worth supply and supervise the installation Rs 450 crore from Varanasi-based and commissioning of three-phase Diesel Locomotive Works."The propulsion systems for Diesel Electric mobility division of Siemens Ltd has Locomotives and three-phase traction w o n t h r e e o r d e r s w o r t h motors.Diesel Locomotives Works is approximately Rs 450 crore from... a production unit of Indian Railways Diesel Locomotive Works of Indian located at Varanasi and manufactures Railways for locomotive equipment," a r o u n d 3 0 0 d i e s e l e l e c t r i c Siemens said a statement. locomotives every year.

rd fiNys [kjhQ lhtu ds /kku ls fudyk rd e/; çns'k vkSj NRrhlx<+ esa [kjhQ pkoy ,QlhvkbZ dks ns ldrs gSaA dsaæ lhtu ds nkSjku jkT;ksa dh ,tsafl;ksa }kjk ljdkj ds bl QSlys ls nksuksa jkT; [kjhns x, /kku ls jkbl fefyax dk dke ljdkjksa dks pkoy ,QlhvkbZ dks fjlho iwjk ugha gks ik;kA ftlds ckn nksuksa jkT; djkus ds fy, ,d&nks eghus dk le; fey ljdkjsa dsaæ ls vfrfjDr le; ekax jgh tk,xkA FkhaAdsaæ ljdkj ds bl dne us /kku dh [kk| ,oa miHkksDrk ekeyksa ds ea=ky; ls

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e/; çns'k vkSj NRrhlx<+ dks feyh /kku [kjhnh esa NwV

7

"Your most unhappy customers are your greatest source of learning." - Bill Gates

Global StandardNEWS

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t+h ,aVjVsuesaV baVjizkbZt+sl

Mumbai: As the economic recovery crore.Eros focussed on mid-size gathers steam, discretionary spends budget films without too many are also likely to rise. Entertainment is megastars as it wanted to stay away one segment that will benefit from this from risky high-cost movies in the Rs. trend.Multiplexes are reporting a 100-150 crore range.Though the steady increase in ticket prices and Rajinikanth starrer Lingaa was not a spends by customers on food and chartbuster domestically, it was well beverages, suggesting increasing received in overseas locations (for interest in the segment.Eros which Eros owned the distribution International Media (Eros), a film rights) such as Malaysia and even the distributor and co-producer of Hindi US.and select regional language movies, The company de-risks its business by looks set to gain as people troop into pre-selling the overseas rights to cinema halls. overseas entities that have a The company has built a resilient significant reach in those markets.business model that allows it to thrive With this strategy, Eros has generally even in tough macro environments. been able to recover nearly 40 per cent Low-risk, mid-size budget movies, a of a film's acquisition cost.pipeline of star-studded films and the This significantly reduces the risk ability to monetise movie rights by associated with a film's offtake and selling them also ensures to satellite cash flows.channels are T h e k e y c o m p a n y positives for a l s o t h e recovers 35-company. 40 per cent I n v e s t o r s of its costs c a n b u y by selling s h a r e s o f movie rights Eros with a to channels t w o - y e a r s u c h a s horizon. At Colors, Zee Rs. 386, the TV and Star stock trades P l u s . E r o s at 17 times its estimated per-share has thus been able to gain from earnings for FY16.This is much lower multiple revenue streams and limit the than the valuation enjoyed by risk of a movie not performing well.multiplex companies such as PVR, Apart from Hindi movies, Tamil and which trade in excess of 30 times. Telugu films, too, feature in Eros's In this fiscal year, movies such as radar. This appears to be targeted at Kochadaiyaan , which saw a good the NRI population overseas.While collection, and the overseas rights of the company has indicated its Mary Kom , Ek Villain and Singham intention to remain focused on mid-Returns helped Eros improve its size budget films, a few big-ticket revenues. The Tamil movie Kaththi releases are also on the anvil.Movies was also a hit. Satellite rights for the such as Shamitabh (just released), movie have been sold to various NH10 , Uttama Villain and Farzi are general entertainment channels. in the pipeline.In the first half of FY15, the The cast in these movies includes company's revenue grew 22.6 per cent established stars such as Amitabh over the same period in the previous Bachchan, Kamal Haasan, Shahid year to around Rs. 465 crore, while its Kapoor and Anushka Sharma.net profit rose 29.7 per cent to Rs. 86

betting on budget films, satellite rights

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RAGS TO RICHES

A deposit money in Surat, Mumbai or froz Fatta was on primetime TV Dubai with Fatta's men and delivery news when the Congress of money in the local currency was released photographs of him with made in any part of the world.Narendra Modi. Fatta's is a rags-to-

riches story, going from a scrap "Fatta used to get a 1-3% commission business in Ankleshwar in 2004 from on each hawala transaction," said an a rented shed to the owner of five flats ED official. According to ED, Fatta in Dubai and a fleet of luxury cars set up more than 100 bank accounts including a BMW and a Jaguar in just across the country through which the 10 years. money was routed to accounts in Surat

and transferred to beneficiaries When he landed in the diamond city outside India. Over 70% of the money from Dhoraji, 24-year-old Afroz was sent to Hong Kong while the rest Hassan Fatta was determined to make was sent to the UAE.it big. He began his career at a textile

shop in Chowk Bazaar and learnt the Fatta has had his share of brushes with tricks of the grey fabric (unfinished various law enforcement agencies. In fabric) trading. 2011, he was detained by customs at

Mumbai airport for smuggling gold Afroz allegedly began stealing grey jewellery into the country. His takas — bundles of unfinished officials. Those who have known brother-in-law, Samir Godhil, was polyester fabric - and would sell these Fatta closely, say he has an extremely arrested by DRI in 2005-06. Godhil to third parties. In five or six years, great desire to meet and get himself was kept in preventive detention Fatta had his own textile trading shop photographed with well-known following the EOU scam.in Chowk Bazaar. personalities, be they politicians or In the early days of his business, he During this period, Fatta set up a unit Bollywood stars. Today, Fatta owns came into contact with underworld under the Export-Oriented Unit properties worth crores across all big don Chhota Rajan and would transfer (EOU) scheme, introduced in early cities in Gujarat as well as in Mumbai.money for him from India. Later, he 1981. His sole intention was to earn Afrozbhai, as he is known in his switched sides and started working for export rebates under the EoU scheme. Dhoraji Memon community and his a rival gang, which irked Rajan.Fatta soon expanded his EOU close circles in Adajan and Chowk

business in the international market as Last year, Fatta duped a Mumbai- Bazaar, had developed close links well. based businessman of crores of with some diamantaires in Surat and

rupees. The businessman then After the Rs 300 crore EoU rebate Mumbai. These merchants would approached Babloo Srivastav and scam was unearthed by the customs issue fake letters of credit (LoC) in the gave him a contract to kill Fatta. The department, Fatta shifted to the name of dummy firms to run his sharpshooters, Rohan and Suresh, Hawala business. According to police hawala racket. Fatta, who is now 50, sent by Srivastav missed their target.sources, he would fly between Dubai lives with two daughters, son and wife

and the United Kingdom quite Sources said Fatta would take at the plush Halima Palace apartment frequently to set up his Hawala base. bureaucrats from the state to Dubai in Adajan Patia. Fatta has two He spread his network so wide, that and spend lavishly on their stay and on brothers, Ahmed and Zafar and a anyone needing money in any part of parties for them. He would also gift sister-Fouzia-all of whom live in the the world could get it in just half an cars and high-end watches to same locality.hour. The receiver would need to businessmen and government

FATTA’s one decade journey from struggle to success

15 February 2015

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8 15 February 2015Global StandardNEWS

Budget 2015:

Budget 2015 to hold roadmap for

INDIA'S ACTIONS ONCLIMATE CHANGE Prakash Javadekar

New Delhi: Environment Minister Prakash Javadekar today hoped that the upcoming Budget will give a clear indication as to how India would "walk the talk" on climate issues while negotiating a deal on emission cuts in Paris later this year.Saying that India is already taking

already started our action. It is not said, "They must come up with real actions to address climate change, the intended. It is already implemented. contributions to the Green Climate minister asked the developed nations So, the INDCs to be presented will be Fund. If they provide, the developing to fulfil their commitment towards some of the implemented ones." world can take more action That is our operationalising the Green Climate Already, eight missions -- on solar demand." Speaking on the same issue Fund (GCF) and providing clean energy, enhanced energy efficiency, at a Ficci event, Environment technology at an affordable costsustainable habitat, water, sustaining Secretary Ashok Lavasa said, "As far The UNFCCC meet on climate the Himalayan ecosystem, green as India is concerned, we are already change is to be held in Paris in India, sustainable agriculture and working towards finalising INDCs in December this year for finalising a strategic knowledge for climate c o n s u l t a t i o n w i t h t h e s t a t e new climate deal on emission cuts.change -- are working and there would governments.""I hope the Budget will give a clear be new ini t ia t ives , he said. The state governments have their own indication on how we want to walk the "So all put together, we are mapping state action plans on climate change. talk. And, therefore, clean energy, what can be the best INDCs... there "To an extent, the state action plans clean water, clean air and many other will be a complete synthesis between can be transformed into INDCs," he initiatives of the Narendra Modi-the country's declared intentions and said. INDCs will become operative government will get reflected in the its action," the minister said from 2020 but nations should not miss B u d g e t , " J a v a d e k a r s a i d .addressing a conference organised by taking actions right now, he said, On the In tended Nat iona l ly the Council on Energy, Environment adding that India is calibrating its Determined Contributions (INDCs), and Water (CEEW). Urging the approach to meet the twin objective of to be submitted by India and other developed word to "walk the talk" on development and environment nations for negotiating the climate the issue of climate change, Javadekar protection.deal, the minister said, "We have

Avoid politics on electricity,

say private distribution utilities

New Delhi: The three private power distribution utilities in Delhi feel that The players are not unduly worried “logic and not politics” should govern about the audit, industry sources said, the decisions of the Aam Aadmi Party adding that “For the last one year the (AAP) when keeping up the election audits have been taking place. Almost promise of providing cheaper 80 per cent of the audit has been electricity. Electricity availability and completed. In fact, the players have tariffs have been a key part of the challenged the legality of such an campaignfor both AAP and the BJP. audit.”What worries the players is Sources associated with the entities unnecessary politicising of the whole said that with the kind of mandate that issue, which might lead to delay in AAP has received, it will look at a implementation of the Central stable stint, and avoid any kind of Government's reforms programme of crisis situation.the sector. On one issue both the BJP and AAP Between April-December 2014, were on the same page — correcting Delhi's power requirement was the power supply situation and 23,831.3 million units while the acknowledging the fuel supply supply was only 23,800.2 million constraints. The BJP was for more units or a deficit of 31.1 million units. competition in power distribution Delhi's three private discoms — two sector with consumers having an owned by the Anil Ambani Group and option of choosing their power service one by the Tatas — had come under provider as a solution to cut down glare during Arvind Kejriwal-led power tariffs. Though AAP had AAP's earlier short stint, resulting in a endorsed the move, it felt that performance scrutiny by the oversimplified formulation of Comptroller & Auditor General. drawing a parallel between power and Kejriwal had pushed the Government telecom was misleading and auditor to undertake a comprehensive erroneous.performance audit of these utilities. “While competition in electricity His party believed that fair audit will distribution will help in containing the help in giving a clear picture of the tariffs, it cannot be panacea for all the financial status of the utilities and ills plaguing this sector as there are bring down the power tariff in Delhi very serious issues at various levels,” by almost 50 per cent. AAP had said.

No audit worry

Gold Import Duty May Be CutNew Delhi: The government may consider a reduction of 2-4 per cent in at a 'Make in India' workshop and a import duty on gold in the presentation in this regard was made forthcoming Budget, a move that to Prime Minister Narendra Modi by could help boost exports and Commerce Secretary Rajeev Kher. manufacturing of gems and jewellery, The ministry suggested that import sources said.The industry has already duty on gold and silver be reduced to 2 sought reduction in customs duty on per cent from the current 10 per cent. gold to 2 per cent from 10 per cent at Gold imports in December declined present. sharply to 39 tonnes as against 152 "Gold imports are decl ining tonnes in the previous month. Exports continuously. Gems and jewellery of gems and jewellery too declined sector contributes significantly in the 1.2 per cent year-on-year to $2.66 country's total exports. On account of billion in December. this, we are expecting a cut in the The sector is one of the 25 thrust areas import duty. But it is up to the Finance identified under the 'Make in India' Minister to take the final decision in programme. The campaign aims at the Budget," a source said.The attracting domestic and foreign government may consider cutting the investments to boost manufacturing duty by 2-4 per cent, according to and create jobs.sources. Commerce and Industry The All India Gems and Jewellery Minister Nirmala Sitharaman had last Federation has suggested that the month hinted that the gems and customs duty should now be reduced jewellery sector, which employs to help check the smuggling of the about 3.5 million people, may get precious metal.The government had some incentives in the Budget.Issues raised the import duty on gold to related to the sector, including import contain the widening current account duty, were widely discussed recently deficit.

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Indore : Pulses have seen quite a high Directorate General of Commercial volatility in recent months and the Intelligence and Statistics (DGCIS), direction of price movement has not Indian imports of Pulses has seen been very clear. However, now all the considerable decline after November indicators are pointing for a clear 2014 and is much below as compared direction to upward. Major pulses like to last year in the same period.Chana and Yellow peas can see a rise Yellow peas has seen huge import in of 10-15% in prices within 6-8 weeks. last Oct-Nov which dragged prices to The area under sowing of Chana is at much lower than anticipated. 8.531 million hectares, 1.6 million However since then there is no parity hectare less than last year’s 10.051 in international prices and domestic million hectares. Area coverage under prices leading to much less import in total pulses is at 14.292 million Dec-Feb period as compared to last hectares much less than previous year in the same period. Moreover, year’s 15.761 million hectares. Sharp due to recent volatility in price of decrease under acreage will impact yellow peas traders and stockist has total production inversely and hence seen little interest in buying additional supply side constraint could be seen quantities. Since the pipeline has not before and after arrival of new crop. been refilled it is getting drier by the According to Agriculture and Agri- day and a may lead to a sudden surge Food Canada (AAFC), Chickpea in demand as all traders and stockist seeded area is forecast to fall from will run to refill their pipe. It may see 2014-15 due to higher carry forward an increase of Rs. 2000-3000 per stocks and a decline in prices. So, tonne in price of yellow peas in a day production is forecasted to fall to or two in what is called as Bull-whip 115,000 MT from 131,000 MT seen in effect.2013-14. It has been prime reason that Rain is also playing a positive role in in spite of lower chana prices in India supporting the pulses price. Mid price in international market is January rain has caused considerable hovering around $575-$590. At the harm to standing crops in UP, current exchange price the cost to Rajsthan, and MP. Weather forecast importer before sales comes to much for February also expects rain in higher than current prevailing price major pulses growing regions in across Indian market. According to second half of February.

AGRO-BUSINESSYellow Peas Price set to move up

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