The document provides a weekly media update with news clips from various media sources related to public sector enterprises (PSEs) and industries relevant to Balmer Lawrie. The update includes:
1) The government seeking nominations for anti-corruption officials in PSEs and a decision on fixed tenure for PSU chiefs being delayed until after state elections.
2) The finance ministry requiring all profitable oil companies to declare a minimum 30% dividend and the RBI increasing interest rates.
3) Reports on turnaround PSEs becoming profitable, a scam related to fake travel claims, and revisions to LTA norms for public sector banks.
The document provides a summary of various news articles related to public sector enterprises (PSEs) in India and other industries. It mentions that the contribution of PSEs to GDP has been declining in recent years. It also notes that the number of profitable PSEs has declined while total profits have increased. Additionally, it discusses proposals to increase public ownership in PSEs to 25% and plans to privatize some sick PSEs while setting up a foundation to revive viable ones.
This document provides a weekly media update with news articles related to Balmer Lawrie and other public sector enterprises (PSEs) in India. It mentions that ANZ Bank lowered its forecast for India's GDP growth in 2019-2020 to 6.2% due to slowing economic activity. It also reports that India's exports grew 2.25% in July while the trade deficit narrowed, and that WPI inflation declined to a 25-month low of 1.08% in July due to lower food and fuel prices. Additionally, it notes that the government may delay the IPOs of seven CPSEs this year given uncertain market conditions.
This document provides a weekly media update from Balmer Lawrie, including news articles mentioning Balmer Lawrie and news from industries relevant to Balmer Lawrie's business. It also includes articles on topics like the Indian economy, disinvestment of PSUs, oil and gas news, and other business and economic issues. The update is intended to be uploaded to Balmer Lawrie's intranet and website on Mondays.
The document provides news updates related to the Indian economy, public sector enterprises (PSEs), and Balmer Lawrie & Co. Ltd. Key points include:
- IMF chief says Indian economy could be top 3 globally in terms of growth.
- India's total debt is lower than other major emerging economies like China.
- Three loss-making PSEs in West Bengal (NJMC, BJEL, BLL) are being closed down as revival efforts failed.
- The government plans to invite bids from merchant bankers and lawyers to handle upcoming mergers and acquisitions of CPSEs.
Corporates are assisting the Commonwealth Games Organizing Committee with logistics and hospitality issues related to the Games Village and venues. Mamata Banerjee has proposed that the railways set up two factories on the land previously occupied by the Tata Nano plant in Singur. Any interest earned on employees' provident funds above 8.5% will be taxed, reducing the benefit of the labor ministry's increase to 9.5%. Hyundai says its plans to launch a small car in India to compete with the Maruti Alto are on track.
This document provides a weekly summary of news related to Balmer Lawrie and other topics such as the Indian economy, government policies, and business sectors. The summary includes news about Prime Minister Modi's comments on expanding India's economy fivefold by 2040 through affordable energy. It also discusses updates on digital payments increasing after demonetization, the RBI cutting growth estimates, and plans for cashless salary payments in industries.
Three PILs have been filed in the Supreme Court challenging
the Centre’s move to abrogate Articles 370 and 35A relating
to J&K and reducing the state to a Union Territory. Since
there are other states in India which enjoy special rights,
how credible is the legal challenge?
This document provides a weekly media update from various news sources covering topics related to Balmer Lawrie and other Public Sector Enterprises (PSEs) in India. Some of the key articles summarize Balmer Lawrie's quarterly financial results, inflation rates in India falling to multi-year lows, PSEs increasing spending on corporate social responsibility (CSR) activities, and the government working to list more profitable PSEs on stock exchanges in the next 2-3 years as it privatizes more state-owned businesses.
The document provides a summary of various news articles related to public sector enterprises (PSEs) in India and other industries. It mentions that the contribution of PSEs to GDP has been declining in recent years. It also notes that the number of profitable PSEs has declined while total profits have increased. Additionally, it discusses proposals to increase public ownership in PSEs to 25% and plans to privatize some sick PSEs while setting up a foundation to revive viable ones.
This document provides a weekly media update with news articles related to Balmer Lawrie and other public sector enterprises (PSEs) in India. It mentions that ANZ Bank lowered its forecast for India's GDP growth in 2019-2020 to 6.2% due to slowing economic activity. It also reports that India's exports grew 2.25% in July while the trade deficit narrowed, and that WPI inflation declined to a 25-month low of 1.08% in July due to lower food and fuel prices. Additionally, it notes that the government may delay the IPOs of seven CPSEs this year given uncertain market conditions.
This document provides a weekly media update from Balmer Lawrie, including news articles mentioning Balmer Lawrie and news from industries relevant to Balmer Lawrie's business. It also includes articles on topics like the Indian economy, disinvestment of PSUs, oil and gas news, and other business and economic issues. The update is intended to be uploaded to Balmer Lawrie's intranet and website on Mondays.
The document provides news updates related to the Indian economy, public sector enterprises (PSEs), and Balmer Lawrie & Co. Ltd. Key points include:
- IMF chief says Indian economy could be top 3 globally in terms of growth.
- India's total debt is lower than other major emerging economies like China.
- Three loss-making PSEs in West Bengal (NJMC, BJEL, BLL) are being closed down as revival efforts failed.
- The government plans to invite bids from merchant bankers and lawyers to handle upcoming mergers and acquisitions of CPSEs.
Corporates are assisting the Commonwealth Games Organizing Committee with logistics and hospitality issues related to the Games Village and venues. Mamata Banerjee has proposed that the railways set up two factories on the land previously occupied by the Tata Nano plant in Singur. Any interest earned on employees' provident funds above 8.5% will be taxed, reducing the benefit of the labor ministry's increase to 9.5%. Hyundai says its plans to launch a small car in India to compete with the Maruti Alto are on track.
This document provides a weekly summary of news related to Balmer Lawrie and other topics such as the Indian economy, government policies, and business sectors. The summary includes news about Prime Minister Modi's comments on expanding India's economy fivefold by 2040 through affordable energy. It also discusses updates on digital payments increasing after demonetization, the RBI cutting growth estimates, and plans for cashless salary payments in industries.
Three PILs have been filed in the Supreme Court challenging
the Centre’s move to abrogate Articles 370 and 35A relating
to J&K and reducing the state to a Union Territory. Since
there are other states in India which enjoy special rights,
how credible is the legal challenge?
This document provides a weekly media update from various news sources covering topics related to Balmer Lawrie and other Public Sector Enterprises (PSEs) in India. Some of the key articles summarize Balmer Lawrie's quarterly financial results, inflation rates in India falling to multi-year lows, PSEs increasing spending on corporate social responsibility (CSR) activities, and the government working to list more profitable PSEs on stock exchanges in the next 2-3 years as it privatizes more state-owned businesses.
INDIAN MANUFACTURING SECTOR NEED FOR A POSITIVE ENVIRONMENT FOR GROWTHNeha Sharma
The Indian Economy, the Government, the public at large and specially the people who are in industry, manufacturing sector, service sector or any other arena of business activity , all are deeply concerned with poor growth rate of manufacturing sector during last 2 to 3 years and specially in 2012-13.
The document provides a weekly media update from Balmer Lawrie with news clips related to Balmer Lawrie, the Government of India, public sector enterprises, and industries relevant to Balmer Lawrie's business. It includes articles about the World Bank lowering India's growth forecast, industrial production contracting in August, the government inviting bids for strategic sales of public sector units, and calls to include petroleum products under the Goods and Services Tax.
Ten major oil and gas PSUs in India have come together to launch a Rs. 320 crore startups fund. Balmer Lawrie is one of the ten PSUs participating in this fund, which will support startups in areas like oil/gas, energy, waste management, renewables, healthcare, IT and more. The fund aims to foster, nurture and incubate new ideas from startups and entrepreneurs. Applications can be submitted online until April 15.
The IMF projects India's economic growth to rebound to around 7% in the next fiscal year, supported by monetary policy stimulus and corporate tax cuts. However, Fitch Ratings lowered its forecast for India's GDP growth in the current fiscal year to 5.5% due to a credit squeeze from shadow banks. India improved its ranking in the World Bank's ease of doing business report to 63rd out of 190 countries due to business reforms. The government also plans strategic sales of 11 major public sector units to meet fiscal targets and boost the economy.
This summary provides the key details from the document in 3 sentences:
The document is a weekly media update from Balmer Lawrie that includes news about the company, other PSUs, and related business sectors. It mentions that Balmer Lawrie's CMD aims to double revenues by 2021 by leveraging traditional areas of expertise, and that 64 central PSUs showed capital erosion of Rs. 74,000 crore according to a CAG report. The update also covers various news stories about the Indian economy, including GDP growth forecasts and figures on the core sectors and services industry.
This document provides a weekly media update from various Indian news sources mentioning Balmer Lawrie and related topics. It summarizes recent reports on the Indian economy's projected growth to $7 trillion by 2030 according to Deutsche Bank, meetings between PM Modi and business leaders to boost the economy, plans to invest Rs. 102 lakh crore in infrastructure projects over five years, growth in factory activity in December, a decline in core sector output, and potential delays in major divestments of Air India, BPCL, and Concor this fiscal year.
- British troops could return to Afghanistan if the country becomes a haven for terror groups again according to the head of the British army. He said British forces have the capability to keep Afghanistan secure after withdrawing combat troops at the end of 2014, but may need to return if the security situation deteriorates.
- Scientists in India have launched the Right to Research Foundation to support Indian researchers returning from overseas education and training to find suitable jobs in India. Many foreign-trained Indian researchers are struggling to find meaningful employment despite their qualifications. The foundation aims to engage these researchers in productive work.
- Air India is losing an estimated 10 crore rupees per month on its Mumbai to Newark flight due to large billboards obstructing the runway
The document provides updates on various news related to the Indian economy:
- The IMF has cut India's growth estimates for 2019 and 2020 to 7% and 7.2% respectively, citing weaker domestic demand.
- India has improved its ranking on the Global Innovation Index to 52, buoyed by better productivity and exports of IT services.
- The government plans to undertake strategic disinvestment of 23 PSUs with a target of Rs. 1.05 lakh crore in 2019-20.
- Other news items include updates on crude oil production and imports, natural gas production, and auto fuel consumption.
The document summarizes the opportunities and challenges for infrastructure development in India following the 2009 election. It discusses the government's plans to increase infrastructure spending and public-private partnerships (PPPs) to stimulate the economy. However, high fiscal deficits and lack of long-term financing options have hindered private investment. Reforms are needed to develop the bond market and address regulatory hurdles to infrastructure projects. If these challenges can be overcome, there is significant potential for growth in India's infrastructure sector.
An estimated Rs. 7,700 crore worth of commercial and residential properties have turned into non-performing assets according to data from NPAsource.com. The data shows around 2,200 commercial units and 11,000 residential units valued at Rs. 7,700 crore are up for sale. Maharashtra, mainly Mumbai, has the highest value of commercial and residential NPA properties for sale, totaling Rs. 842 crore and Rs. 838 crore respectively. Delhi is next with Rs. 686 crore in commercial NPAs and Rs. 500 crore in residential NPAs. The slowdown in the real estate market has exacerbated banks' difficulties recovering funds from distressed property loans.
- India's fuel demand grew 3.8% in February 2019 compared to the same period last year, with petrol consumption up 8% and LPG demand rising 14.2% due to new LPG connections. Diesel demand increased 2.7%.
- Niti Aayog has proposed increasing the monthly training stipend reimbursement under the National Apprenticeship Promotion Scheme from Rs. 1,500 to Rs. 5,000 to encourage more companies to provide apprenticeships.
- Oil prices are being weighed down by global economic growth concerns, but are supported by OPEC supply cuts and US sanctions on Iran and Venezuela. Morgan Stanley predicts oil prices will reach $75/barrel by
The opening up of the Indian insurance market to private players, a little over five years ago, was heralded as a gold rush. This was despite government’s knee jerk approach to the liberalisation agenda and somewhat distorted roll out of events.
The document provides a summary of news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. Some of the key stories discussed include the Prime Minister meeting with industry leaders to discuss reviving economic growth, proposals to fix the tenure of PSE chief executives at three years and to take swift action against PSE officials for wrongdoings, and India Inc's merger and acquisition activity reaching $11 billion in the first half of 2013.
The document provides an update on events from Balmer Lawrie & Co. Ltd. for the month of June 2015. Key details include:
- Financial results for FY 2014-15 were approved in May with net income of Rs. 646 cr for Q4 and Rs. 2815 cr for the full year.
- A new air travel module was launched for the Defence Travel System.
- New packaging was launched for automotive lubricant products featuring new technologies.
- Various training programs and workshops were held for employees.
- World Environment Day and other initiatives like the 'Vacations Exotica' digital campaign were observed.
- Updates were provided on projects, transfers, and other organizational matters
How to buy a home avoiding the common pitfalls. Be sure to read this to be prepared when you're ready to buy a home. And, please share if you found it helpful!
Balmer Lawrie plans to invest Rs. 400 crore over the next three years in capital projects like a multi-modal logistics hub in Vizag and temperature controlled warehouses. Currently 90% of Balmer Lawrie's travel business comes from government bookings but it plans to increase the proportion of private sector bookings to 25% due to Rs. 150 crore in dues from the central government. The company chairman announced these plans after Balmer Lawrie's annual general meeting.
The document provides a summary of recent news articles mentioning Balmer Lawrie and related to public sector enterprises (PSEs) and key industries. It discusses news about the flexible packaging market in India growing at 24.21% annually and being dominated by Jindal Poly Films, MAX India, Balmer Lawrie and Uflex. It also summarizes articles about India's potential to become a multi-trillion dollar economy by 2050, China's manufacturing showing zero growth in July, the government approving a revival package for 46 ailing PSEs, and upstream oil PSUs expected to report stronger earnings for the first quarter due to higher crude oil prices.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
The document provides summaries of recent news articles related to the Indian economy:
1) Eminent economist Lawrence Summers says India has the potential to grow at 9% for a decade if bold reforms are taken. However, growth of over 7.5% will require further reforms at national, state, and cultural levels.
2) The ADB kept India's growth forecast unchanged at 7.4% for FY16 and 7.8% for FY17 but warned of downside risks from slow private investment and rural demand.
3) Recent GDP data showed a pick-up in investment demand and manufacturing contribution to growth, but overall growth was on a high base from last year.
The document provides a weekly media update from various sources mentioning Balmer Lawrie and news related to public sector enterprises (PSEs) and the industries they operate in. Some key points include:
- Balmer Lawrie is investing Rs. 211 crore in a joint venture multi-modal logistics hub in Visakhapatnam.
- The CII estimates India's GDP growth for 2016-17 will be around 8% due to increased government and private sector investments in infrastructure.
- NITI Aayog will submit its first report this month detailing disinvestment plans for certain central public sector enterprises.
The document provides a weekly summary of news articles from June 18-25, 2012 related to Indian public sector enterprises and businesses. Some key points covered include:
- The government plans to consult SEBI on investing surplus funds from profitable public sector companies to stimulate the economy.
- The government aims to raise Rs. 20,000 crore through stake sales in 15 public sector companies including BHEL, SAIL and Oil India.
- Fitch downgraded the credit outlook of several public sector companies like NTPC, SAIL and IOC following a downgrade of India's overall credit outlook.
- Concor plans to set up nine logistics parks in Odisha with investments between Rs. 50-
INDIAN MANUFACTURING SECTOR NEED FOR A POSITIVE ENVIRONMENT FOR GROWTHNeha Sharma
The Indian Economy, the Government, the public at large and specially the people who are in industry, manufacturing sector, service sector or any other arena of business activity , all are deeply concerned with poor growth rate of manufacturing sector during last 2 to 3 years and specially in 2012-13.
The document provides a weekly media update from Balmer Lawrie with news clips related to Balmer Lawrie, the Government of India, public sector enterprises, and industries relevant to Balmer Lawrie's business. It includes articles about the World Bank lowering India's growth forecast, industrial production contracting in August, the government inviting bids for strategic sales of public sector units, and calls to include petroleum products under the Goods and Services Tax.
Ten major oil and gas PSUs in India have come together to launch a Rs. 320 crore startups fund. Balmer Lawrie is one of the ten PSUs participating in this fund, which will support startups in areas like oil/gas, energy, waste management, renewables, healthcare, IT and more. The fund aims to foster, nurture and incubate new ideas from startups and entrepreneurs. Applications can be submitted online until April 15.
The IMF projects India's economic growth to rebound to around 7% in the next fiscal year, supported by monetary policy stimulus and corporate tax cuts. However, Fitch Ratings lowered its forecast for India's GDP growth in the current fiscal year to 5.5% due to a credit squeeze from shadow banks. India improved its ranking in the World Bank's ease of doing business report to 63rd out of 190 countries due to business reforms. The government also plans strategic sales of 11 major public sector units to meet fiscal targets and boost the economy.
This summary provides the key details from the document in 3 sentences:
The document is a weekly media update from Balmer Lawrie that includes news about the company, other PSUs, and related business sectors. It mentions that Balmer Lawrie's CMD aims to double revenues by 2021 by leveraging traditional areas of expertise, and that 64 central PSUs showed capital erosion of Rs. 74,000 crore according to a CAG report. The update also covers various news stories about the Indian economy, including GDP growth forecasts and figures on the core sectors and services industry.
This document provides a weekly media update from various Indian news sources mentioning Balmer Lawrie and related topics. It summarizes recent reports on the Indian economy's projected growth to $7 trillion by 2030 according to Deutsche Bank, meetings between PM Modi and business leaders to boost the economy, plans to invest Rs. 102 lakh crore in infrastructure projects over five years, growth in factory activity in December, a decline in core sector output, and potential delays in major divestments of Air India, BPCL, and Concor this fiscal year.
- British troops could return to Afghanistan if the country becomes a haven for terror groups again according to the head of the British army. He said British forces have the capability to keep Afghanistan secure after withdrawing combat troops at the end of 2014, but may need to return if the security situation deteriorates.
- Scientists in India have launched the Right to Research Foundation to support Indian researchers returning from overseas education and training to find suitable jobs in India. Many foreign-trained Indian researchers are struggling to find meaningful employment despite their qualifications. The foundation aims to engage these researchers in productive work.
- Air India is losing an estimated 10 crore rupees per month on its Mumbai to Newark flight due to large billboards obstructing the runway
The document provides updates on various news related to the Indian economy:
- The IMF has cut India's growth estimates for 2019 and 2020 to 7% and 7.2% respectively, citing weaker domestic demand.
- India has improved its ranking on the Global Innovation Index to 52, buoyed by better productivity and exports of IT services.
- The government plans to undertake strategic disinvestment of 23 PSUs with a target of Rs. 1.05 lakh crore in 2019-20.
- Other news items include updates on crude oil production and imports, natural gas production, and auto fuel consumption.
The document summarizes the opportunities and challenges for infrastructure development in India following the 2009 election. It discusses the government's plans to increase infrastructure spending and public-private partnerships (PPPs) to stimulate the economy. However, high fiscal deficits and lack of long-term financing options have hindered private investment. Reforms are needed to develop the bond market and address regulatory hurdles to infrastructure projects. If these challenges can be overcome, there is significant potential for growth in India's infrastructure sector.
An estimated Rs. 7,700 crore worth of commercial and residential properties have turned into non-performing assets according to data from NPAsource.com. The data shows around 2,200 commercial units and 11,000 residential units valued at Rs. 7,700 crore are up for sale. Maharashtra, mainly Mumbai, has the highest value of commercial and residential NPA properties for sale, totaling Rs. 842 crore and Rs. 838 crore respectively. Delhi is next with Rs. 686 crore in commercial NPAs and Rs. 500 crore in residential NPAs. The slowdown in the real estate market has exacerbated banks' difficulties recovering funds from distressed property loans.
- India's fuel demand grew 3.8% in February 2019 compared to the same period last year, with petrol consumption up 8% and LPG demand rising 14.2% due to new LPG connections. Diesel demand increased 2.7%.
- Niti Aayog has proposed increasing the monthly training stipend reimbursement under the National Apprenticeship Promotion Scheme from Rs. 1,500 to Rs. 5,000 to encourage more companies to provide apprenticeships.
- Oil prices are being weighed down by global economic growth concerns, but are supported by OPEC supply cuts and US sanctions on Iran and Venezuela. Morgan Stanley predicts oil prices will reach $75/barrel by
The opening up of the Indian insurance market to private players, a little over five years ago, was heralded as a gold rush. This was despite government’s knee jerk approach to the liberalisation agenda and somewhat distorted roll out of events.
The document provides a summary of news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. Some of the key stories discussed include the Prime Minister meeting with industry leaders to discuss reviving economic growth, proposals to fix the tenure of PSE chief executives at three years and to take swift action against PSE officials for wrongdoings, and India Inc's merger and acquisition activity reaching $11 billion in the first half of 2013.
The document provides an update on events from Balmer Lawrie & Co. Ltd. for the month of June 2015. Key details include:
- Financial results for FY 2014-15 were approved in May with net income of Rs. 646 cr for Q4 and Rs. 2815 cr for the full year.
- A new air travel module was launched for the Defence Travel System.
- New packaging was launched for automotive lubricant products featuring new technologies.
- Various training programs and workshops were held for employees.
- World Environment Day and other initiatives like the 'Vacations Exotica' digital campaign were observed.
- Updates were provided on projects, transfers, and other organizational matters
How to buy a home avoiding the common pitfalls. Be sure to read this to be prepared when you're ready to buy a home. And, please share if you found it helpful!
Balmer Lawrie plans to invest Rs. 400 crore over the next three years in capital projects like a multi-modal logistics hub in Vizag and temperature controlled warehouses. Currently 90% of Balmer Lawrie's travel business comes from government bookings but it plans to increase the proportion of private sector bookings to 25% due to Rs. 150 crore in dues from the central government. The company chairman announced these plans after Balmer Lawrie's annual general meeting.
The document provides a summary of recent news articles mentioning Balmer Lawrie and related to public sector enterprises (PSEs) and key industries. It discusses news about the flexible packaging market in India growing at 24.21% annually and being dominated by Jindal Poly Films, MAX India, Balmer Lawrie and Uflex. It also summarizes articles about India's potential to become a multi-trillion dollar economy by 2050, China's manufacturing showing zero growth in July, the government approving a revival package for 46 ailing PSEs, and upstream oil PSUs expected to report stronger earnings for the first quarter due to higher crude oil prices.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
The document provides summaries of recent news articles related to the Indian economy:
1) Eminent economist Lawrence Summers says India has the potential to grow at 9% for a decade if bold reforms are taken. However, growth of over 7.5% will require further reforms at national, state, and cultural levels.
2) The ADB kept India's growth forecast unchanged at 7.4% for FY16 and 7.8% for FY17 but warned of downside risks from slow private investment and rural demand.
3) Recent GDP data showed a pick-up in investment demand and manufacturing contribution to growth, but overall growth was on a high base from last year.
The document provides a weekly media update from various sources mentioning Balmer Lawrie and news related to public sector enterprises (PSEs) and the industries they operate in. Some key points include:
- Balmer Lawrie is investing Rs. 211 crore in a joint venture multi-modal logistics hub in Visakhapatnam.
- The CII estimates India's GDP growth for 2016-17 will be around 8% due to increased government and private sector investments in infrastructure.
- NITI Aayog will submit its first report this month detailing disinvestment plans for certain central public sector enterprises.
The document provides a weekly summary of news articles from June 18-25, 2012 related to Indian public sector enterprises and businesses. Some key points covered include:
- The government plans to consult SEBI on investing surplus funds from profitable public sector companies to stimulate the economy.
- The government aims to raise Rs. 20,000 crore through stake sales in 15 public sector companies including BHEL, SAIL and Oil India.
- Fitch downgraded the credit outlook of several public sector companies like NTPC, SAIL and IOC following a downgrade of India's overall credit outlook.
- Concor plans to set up nine logistics parks in Odisha with investments between Rs. 50-
Extensive Coverage of Balmer Lawrie in Business India, January EditionBalmerLawrie
1) Balmer Lawrie abandoned plans for a logistics hub project in West Bengal after failing to secure land from the state government. It is now pursuing a larger logistics hub project in partnership with Visakhapatnam Port Trust in Andhra Pradesh.
2) Balmer Lawrie is expanding its existing container freight station facilities in Mumbai, Chennai, and Kolkata. It is also growing its inland logistics operations in Coimbatore. Future growth in Chennai is expected to outpace Kolkata, which has traditionally been its home base.
3) Balmer Lawrie is considering spinning off its barrel manufacturing business within the next two years in order to unlock value and pursue new opportunities in
The document provides an editorial summarizing the FIFA World Cup fever that gripped many, discusses highest ever dispatch from an IP plant in Silvassa, and glimpses of World Environment Day programs across BL units. It also mentions promotions of several employees and new joinees to Balmer Lawrie.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
The document summarizes town hall meetings held by Balmer Lawrie across various locations in April and May 2014. Directors and the C&MD interacted with all executives and officers during these meetings to share business updates. The meetings helped establish communication across the organization. The document also provides brief updates on various other company activities like plant visits, recognition events for employees, and personnel changes.
This document provides an editorial and updates from Balmer Lawrie & Co. Ltd. for the month of December 2014. It summarizes the year 2014, noting both challenges like decreased profits as well as accomplishments. It then outlines upcoming events like the new year and issues of the company newsletter. The rest of the document provides brief updates on various company activities in November 2014, including interactions with government officials and ministries, participation in industry events, training programs, employee achievements and technological developments.
The Board of Directors of a company approved quarterly and annual financial results for the fiscal year ending March 31, 2016 during a meeting in Kolkata on May 26, 2016. The company reported record profits, with total income for the fourth quarter increasing 7.8% year-over-year to Rs 661.55 crores. Net profit for the quarter was Rs 66.60 crores. For the full fiscal year, gross income was Rs 2895 crores and net income was Rs 2711.59 crores. PBT increased 11.5% to Rs 234.54 crores for the year, while PAT rose 10.7% to Rs 163.20 crores. All business units were profitable and
This weekly media update document provides news clips from various media sources related to public sector enterprises in India for the week of November 18, 2013. Key stories include:
- The Finance Minister asking select PSUs to generate higher dividends to help meet fiscal deficit targets.
- Plans to sell stakes in Indian Oil Corporation and Coal India by mid-December to raise funds.
- SEBI planning new disclosure rules for companies regarding fraud, litigation against executives, and other transparency measures.
- Progress on the planned IPO of Hindustan Aeronautics Limited.
The document provides news clips from various media sources related to public sector enterprises (PSEs) in India and industries relevant to Balmer Lawrie. The articles discuss reforms being considered for central PSEs including fixing the tenure of chairmen, a new strategy for PSU disinvestment focusing on smaller firms, plans for more PSU stake sales in February and March to meet fiscal targets, a proposal to lower the government stake requirement for classifying a company as a PSU, and efforts to increase retail participation in PSU disinvestments. Crude oil prices and their impact on the Indian economy are also mentioned.
The document provides a summary of recent news related to Balmer Lawrie and other Public Sector Enterprises (PSEs) in India. Balmer Lawrie's rank improved in a list of top 500 companies. The government is allowing PSEs flexibility in creating new positions and is considering closing some loss-making PSEs. It also eased some rules for listed PSEs and selected new heads for Hindustan Aeronautics Limited and Scooters India Limited. Measures are being taken to boost coastal shipping and tourism in India.
The document is a weekly media update containing news clips related to public sector enterprises (PSEs) in India for the week of February 24, 2014. It includes articles discussing the government allocating less capital than needed to public sector banks, infrastructure spending being raised, the number of employees and profitable PSEs declining, and earnings from PSE profits increasing. The update also covers news on various industries that PSEs operate in such as aviation, tourism, logistics and others.
This weekly media update from 21 October 2013 provides a summary of various news articles related to public sector enterprises (PSEs) in India and industries relevant to PSEs. Some key points from the update include:
- Finance Minister Chidambaram requested higher dividends from PSEs this year to meet fiscal deficit targets.
- Surplus cash from PSEs may be used to fund infrastructure development through the National Investment Fund.
- The Finance Minister also asked PSEs to meet capital expenditure targets to boost the slowing economy.
- Current account deficit is projected to be lower than previous estimates.
Prabal Basu has taken over as the new Chairman and Managing Director of Balmer Lawrie & Co, succeeding Viren Sinha. Additionally, Kalyan Swaminathan has been appointed as the new Director of Service Business, overseeing the company's travel, vacations and logistics businesses. The document also provides various news articles related to public sector undertakings, oil and gas industry, and the Indian economy.
The weekly media update provides news clips from various media sources about Balmer Lawrie and other public sector enterprises (PSEs) in India. The articles discuss the government considering asking PSUs to buy stakes in each other to help meet disinvestment targets, issuing bonus debentures from profitable PSUs, several PSUs being interested in purchasing stakes in BHEL, and aviation stocks being in focus due to a reported increase in aviation fuel prices. Equity fundraising in India increased 25% in 2013 from the previous year. Experts recommend investing in undervalued, well-governed, cash-rich PSUs that have monopolies in certain industries.
The document provides a weekly summary of news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. It includes articles discussing the Modi government avoiding excessive economic stimulus, the benefits of India's new GDP calculation methodology, NITI Aayog recommending the strategic sale of 44 central PSUs, and guidelines being developed for selling assets of sick PSUs slated for closure. Other articles cover topics like the selection of bankers to manage stake sales from SUUTI, presidential approval of the GST bill, the upcoming first meeting of the GST Council, increasing demand for independent directors on company boards, and a potential decision to allow government employees more flexibility in managing their New Pension System funds.
The document provides updates on various topics related to public sector enterprises (PSEs) in India:
1) Investor interest in exchange traded funds (ETFs) has doubled since the new government took over in June 2014, reflecting optimism in the economy. The initiative to roll out ETFs around Central PSEs also helped boost interest.
2) The government has launched an initiative to provide over five dozen project approvals through a single online platform to make it easier to do business in India.
3) Several key positions in telecom PSUs like BSNL and MTNL have been vacant for months, despite the new government's focus on turning them around.
4) 34
This weekly media update from Balmer Lawrie provides summaries of news articles from the previous week related to Balmer Lawrie, public sector enterprises, and industries relevant to Balmer Lawrie's business. The articles discuss topics such as India's improving foreign exchange reserves and import cover levels, economic recovery driven by some sectors like infrastructure, the rupee and interest rates providing higher returns than other emerging markets, slowing global growth predicted by the IMF, India's manufacturing sector contracting for the first time in over two years, options for the government to make up for shortfalls in disinvestment targets, changes to interviews in government and PSU recruitment, increased performance reviews for older PSU employees, and crude oil prices declining due to global cues.
The government is looking to streamline the GeM portal to make it easier for small and medium companies to list on. Quess Corp acquired a majority stake in Vedang Cellular Services and formed a JV with Trimax IT Infrastructure. 1,200 employees of RCom will likely be left without jobs when the company shuts down its wireless business next month. A $5 billion deal was made for a consortium led by GIP to buy Equis Energy, a renewable energy company with over 11,000 MW of capacity across 7 countries including 544 MW in India. The Aditya Birla Group hired Deep Thomas, a former Tata executive, as its chief data and analytics officer.
Central public sector undertakings in India are sitting on Rs. 2 lakh crore in cash reserves, equal to about a fifth of their total investment in fixed assets. While capital expenditures by these companies have grown at an annual rate of 13.7% over the past five years, their profits have declined in the past three years. The government is trying to encourage these companies to increase their capital spending to boost the economy. Separately, the Cabinet has approved an improved voluntary retirement scheme for employees of the Central Inland Water Transport Corporation to facilitate its privatization, the government's first strategic sale of a public sector unit.
This document provides a weekly summary of news related to Balmer Lawrie and other topics such as the Indian economy, government policies, and industries relevant to Balmer Lawrie's business. It includes headlines and short summaries of 12 news articles discussing topics like: the Indian economy's projected growth, digital payments increasing after demonetization, changes to ease of business rankings, and the impact of demonetization on various industries. The summary is intended to be shared on Balmer Lawrie's intranet and website.
This document provides a weekly summary of news related to Balmer Lawrie and other topics such as the Indian economy, government policies, and business sectors. The summary includes news about Prime Minister Modi's comments on expanding India's economy fivefold by 2040 through affordable energy, a surge in digital payments following demonetization, the RBI cutting growth estimates while holding interest rates, and plans for cashless salary payments in industries.
This document provides a weekly media update for Balmer Lawrie, an Indian public sector company. It includes various news articles from July 21-22, 2018 mentioning Balmer Lawrie or related topics like other public sector enterprises and industries Balmer Lawrie operates in. It also lists some online news coverage and reports on wholesale inflation reaching a 4-year high in June.
- Balmer Lawrie has been featured in an article in Pumps Valves and Systems magazine discussing the company.
- The Indian economy is expected to grow by 10% or more in the current fiscal year and 8% or more in the next fiscal year according to Niti Aayog vice-chairman. Manufacturing activity in India grew at its fastest pace in eight months in October.
- Exports from India rose for the 11th consecutive month in October, up 43.3% compared to the previous year, while imports also rose significantly.
This document provides a summary of recent news articles mentioning Balmer Lawrie & Co. Ltd. It discusses the following key points:
- A multi-modal logistics hub is being developed in Visakhapatnam as a joint venture between Visakhapatnam Port Trust and Balmer Lawrie & Co. Ltd.
- Kavita Bhavsar has been appointed as the new Company Secretary and Compliance Officer of Balmer Lawrie & Co. Ltd.
- The government is preparing a rolling list of public sector companies whose stakes may be divested over the next 3-5 years to provide flexibility in timing share sales to market conditions.
The document provides a weekly media update with news clips from various media sources related to topics like the Indian economy, government policies, and public sector enterprises. Some key points from the update:
- The government aims to raise Rs. 40,000 crore through disinvestment this year but may only achieve Rs. 24,000 crore by selling stakes in companies like IOC and Coal India. It also plans to revive SUUTI and launch public sector ETFs.
- To meet its fiscal deficit target, the government may cut planned expenditure by Rs. 80,000 crore. It is also seeking special dividends from profitable public sector companies to generate around Rs. 30,000 crore.
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
The document provides a weekly media update containing news related to the Indian economy, public sector undertakings (PSUs), and skills development initiatives. Key points from the articles include:
- The IMF has said India's economic growth is slowing significantly and urgent policy actions are needed to reverse the slowdown.
- Industry body CII expects the Indian economy to rebound in 2020 due to government and RBI measures, as well as easing global trade tensions.
- The government may target Rs. 1.5 lakh crore for divestment in FY21, with BPCL and Concor stake sales likely in the first half.
- Several PSUs are becoming more agile
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational GazzettBalmerLawrie
The Buddhist monk gathered his young students and told them to steal purses from wealthy people in the nearby city to raise money for their temple. All the students were uncomfortable with this except one boy. The boy realized there was no place he could steal without seeing himself, so he told the other students not to go. The monk was pleased with this boy, as he had wanted to teach the students a lesson about integrity.
The document then discusses events at Balmer Lawrie related to observing Vigilance Awareness Week and Constitution Day. It also summarizes new partnerships, projects, and training programs launched by various divisions of the company during this period.
The document provides information on various topics happening in India and at Balmer Lawrie & Co. Ltd. in February 2024. It discusses the upcoming Indian general elections, International Women's Day theme of inclusion, National Safety Day celebrations, regional new year festivals, and Balmer Lawrie business updates including new appointments, awards received, and events/conferences hosted. The newsletter aims to keep employees informed of company and national news and events on a monthly basis.
The document discusses Balmer Lawrie's celebration of various events in February 2024 and announcements. It summarizes that Balmer Lawrie celebrated its 158th Foundation Day on February 1st across India. It also announced positive third quarter results for FY2023-24 with increased profits. The 53rd National Safety Week will be observed from March 4th-10th with programs centered on safety leadership.
Daily Media Update - 26.02.2024. This document comprises news clips from vari...BalmerLawrie
Daily Media Update - 26.02.2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
Weekly Media Update_19_02_2024. This document comprises news clips from vario...BalmerLawrie
Weekly Media Update_19_02_2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
Weekly Media Update_05_02_2024. This document comprises news clips from vario...BalmerLawrie
Weekly Media Update_05_02_2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
The document provides an overview of India's accomplishments in 2023 and upcoming events being celebrated in early 2024. Some key points:
- India successfully shouldered its G20 Presidency and launched various initiatives. Domestically, it achieved several milestones in space, rail, and sports.
- On January 26th, 2024, India will celebrate its 75th Republic Day.
- In early February 2024, Balmer Lawrie will celebrate its 158th Foundation Day with events being organized across various regions for employees and families.
Weekly Media Update_02_01_2024. This document comprises news clips from vario...BalmerLawrie
Weekly Media Update_02_01_2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
The document provides an overview of the various awards and accolades received by Balmer Lawrie SBUs and functions in the past year for their work and achievements. It recognizes the contributions of different divisions in implementing official language policies, delivering excellent customer service, health and safety practices, and developing innovative logistics solutions. The summary also highlights key business partnerships, expansion of operations, and employee engagement initiatives undertaken during the period.
Weekly Media Update - December 26, 2023 - Balmer LawrieBalmerLawrie
This document provides a weekly media update comprising news related to the Indian economy from various sources. Key highlights include:
1) Domestic rating agency Icra revised India's FY24 GDP growth forecast upwards to 6.5% from 6.2% previously.
2) The IMF projected India's economy to grow at 6.3% in the current fiscal year and the next, supported by macroeconomic and financial stability.
3) Leading credit rating firm Fitch Ratings expects India's resilient economic growth will boost corporate demand. Several sectors are expected to see strong demand.
4) Parliament approved additional spending of Rs. 58,378 crore in the current fiscal to support programs like M
BLOG ISSUE 43 _ July 2023 - Quarterly House JOurnal of Balmer LawrieBalmerLawrie
This document provides an editorial and overview of the Balmer Lawrie Start-up Fund initiative. It discusses how Balmer Lawrie launched a Start-up Fund in 2017 aligned with the Government of India's Startup India initiative to promote entrepreneurship and innovation. It highlights how Balmer Lawrie has supported various startups over four rounds of funding. The document also provides updates on significant events at Balmer Lawrie, including new partnerships and handling of logistics for sports teams.
Weekly Media Update_18_12_2023 - news clips from various media in which Balme...BalmerLawrie
- The document provides news clips from various media sources related to Balmer Lawrie and other public sector enterprises (PSEs) in India.
- It mentions that India's economic growth is projected to exceed 8% in fiscal year 2025 according to industry group FICCI. Several reports also raised India's growth projections for the current fiscal year to between 6.7-7%.
- The document is intended to be uploaded on Balmer Lawrie's intranet and website every Monday to share recent news.
Balmer Lawrie - Weekly Media Update - Monday, 11.12.2023BalmerLawrie
This document provides a weekly media update from various Indian news sources. It summarizes key news related to the Indian economy from the past week, including:
- Nomura projecting India will be one of the fastest growing Asian economies in 2024.
- S&P Global Ratings forecasting India will become the world's third largest economy by 2030.
- The Finance Ministry stating India will become a $5 trillion economy early in the 'Amrit Kaal' period to 2047.
- The RBI keeping interest rates unchanged but raising its FY24 growth forecast to 7%.
The update covers news from several economic indicators such as GDP growth, inflation rates, industrial production, and assessments from
India's GDP is projected to surpass the US to become the world's largest economy by 2052, reaching $45 trillion according to a CLSA report. By 2027, India will surpass Japan to become the third largest economy. However, CLSA expects a slowdown in India's growth until September 2024 followed by a recovery in 2025. S&P Global Ratings also projects India's GDP growth to rise to 7% by 2026, higher than China's projected 4.6% growth. The OECD forecasts India's growth slowing to 6.1% in FY2025 from an estimated 6.3% in FY2024.
The document discusses the defeat of the Indian cricket team in the ICC Cricket World Cup 2023 final against Australia. It notes that while this was disappointing for Indian fans, important life lessons can be learned from setbacks like embracing challenges positively, valuing teamwork, and improving through reflection and learning. It also provides updates about Balmer Lawrie's financial performance, observance of Vigilance Awareness Week, and personnel changes and new recruits.
This weekly media update from Balmer Lawrie provides summaries of recent news articles related to the Indian economy, GOI policies and PSEs, and Balmer Lawrie's business sectors. Key articles discuss S&P raising India's FY24 growth forecast to 6.4% due to robust domestic demand, estimates that Q2 GDP growth will be 6.7-7% driven by services and government spending, and forecasts that FY24 will see strong economic growth and macroeconomic stability according to the Finance Ministry.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
South Dakota State University degree offer diploma Transcriptynfqplhm
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Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Ending stagnation: How to boost prosperity across Scotland
Weekly Media Update 04.11.2013
1. WEEKLY MEDIA UPDATE
Issue 112
04 November, 2013
Monday
(This document comprises news clips from various media in which Balmer Lawrie is mentioned, news
related to GOI and PSEs, and news from the verticals that we do business in. This will be e-mailed on
every Monday.)
Govt
seeks
nomination
corruption officials in PSEs
for
anti-
Decision on fixed tenure for PSU chiefs
after State polls
The Centre has sought nominations for anticorruption officials to be appointed in Central
Public Sector Enterprises (CPSEs) against existing
and future vacancies. As many as 27 vacancies,
most of them falling vacant in next two years, of
Chief Vigilance Officers (CVOs) — who act as
distant arm of Central Vigilance Commission (CVC)
— will be filled up by the Government. The
vacancies are at the levels of Joint Secretary and
Director.
Senior executives in Central Public Sector
Enterprises (CPSEs) will have to wait till
elections are over in five States for
implementation of the new measures related to
their tenure. The election process will end on
December 9. On August 29, Heavy Industries
and Public Enterprises Minister Praful Patel had
said that the proposal would be considered by
the Government soon. But Business Line has
learnt that since some of the reform measures
could be considered populist, the Cabinet is
now likely to consider the proposal only after
the Assembly elections in the five States are
over.
“It may please be ensured that the officers
sponsored should have completed the required
‘cooling off’ period before they are recommended
for a second deputation. “The officers once
sponsored
are
not
allowed
to
withdraw
subsequently and it will be the responsibility of the
cadre controlling authorities to ensure the release
of the officers in the event of their final selection,”
the Ministry of Personnel said in a letter to all
Chief Secretary of State Governments and Union
territories administrations.
The Hindu Business Line - 30.10.2013
http://www.thehindubusinessline.com/news/govtseeks-nomination-for-anticorruption-officials-inpses/article5290764.ece
The reform proposals include a minimum fixed
tenure
for
the
chairman-cum-managing
director and extension of service up to two
years for extraordinary officials at the level of
Deputy General Manager and above. A detailed
proposal in this regard has already been
cleared by the Group of Ministers headed by
Finance Minister P. Chidambaram and is
awaiting Cabinet clearance.
The Hindu Business Line - 30.10.2013
http://www.thehindubusinessline.com/industry
-and-economy/decision-on-fixed-tenure-forpsu-chiefs-after-state-polls/article5297550.ece
Finance ministry diktat: All profit-making
oil companies should declare a minimum
dividend of 30%
RBI monetary policy review: Interest
rate hiked 0.25 pct, Rajan makes
consumer loans costlier
The finance ministry wants all profit-making oil
companies to declare a minimum dividend on
equity of 30% as against the present requirement
of 20%. Accordingly, instructions have been
incorporated in the Budget Circular for 2014-15.
Presently, all profit-making Central Public Sector
Undertakings (CPSUs), which are essentially
commercial enterprises, are required to declare a
minimum dividend on equity of 20% or a
minimum dividend payout of 20% of post-tax
profits, whichever is higher, subject to availability
of disposable profits in terms of guidelines issued
by Department of Expenditure.
Indianpetro - 30.10.2013 (Source Sarkaritel.com)
Keeping up an anti-inflationary stance, Reserve
Bank of India Governor Raghuram Rajan
Tuesday raised the repo rate, or the rate of
interest at which banks borrow from it, by 25
basis points to 7.75 per cent. In his second
quarter review of the monetary policy for FY14,
Rajan, however, cut the marginal standing
facility rate for banks to 8.75 per cent. This is
the additional window for banks to borrow from
the RBI when they exhaust limits under the
repo window.
Indian Express - 29.11.2013
http://www.indianexpress.com/news/rbimonetary-policy-review-raghuram-rajan-hikesrepo-rate-0.25-pct-consumer-loans-set-to-getcostlier/1188633/
2. Lead change at PSUs from top
In this era of transparency and customer activism,
efficiency of public organisations is key. But how
do you emulate private sector efficiencies and a
result-driven work culture in organisations, which
over the years have prioritised processes,
procedures and hierarchy over speed of execution
and stakeholders' expectations?
In our work with various public and semi-public
organisations, we have seen that often the CMD or
CEO wants to bring about change and leave a
legacy. But the effort is shackled by a senior team
set in their ways and a bureaucracy that thrives
on time-consuming, redundant and repetitive
tasks.
The Economic Times - 01.11.2013
http://economictimes.indiatimes.com/opinion/com
ments-analysis/lead-change-at-psus-fromtop/articleshow/25022067.cms
4 turnaround PSUs including Bharat
Coking Coal and NFDC report profits for 3
yrs in a row
Four state-owned firms including Bharat Coking
Coal and NFDC that turned-around following the
revival packages for sick companies have shown
profits for three years in a row, the Board for
Reconstruction of Public Sector Enterprises said
today. "Four CPSEs - Bharat Coking Coal, National
Film Development Corporation, National Project
Construction Corporation and SAIL Refractory Unit
- have made profits consecutively for three years
till 2012-13," BRPSE Chairman Nitish Sengupta
said.
Economic Times - 31.10.2013
http://articles.economictimes.indiatimes.com/201
3-10-31/news/43561190_1_rs-427-crore-201112-and-rs-sick-company
LTC scam: RS MP refutes charges against
him
Janata Dal (United) MP Anil Sahani, who has been
named in a CBI FIR related to fake travel claims
scam, today refuted the allegations against him
claiming he himself was a victim of the fraud
committed by his staff. Speaking to PTI over
phone, Sahani, a Rajya Sabha member, said he
had come to know that claims have been made
against his quota of tickets and he had informed
the authorities on March 1 this year.
Business Standard - 02.11.2013
http://www.businessstandard.com/article/politics/ltc-scam-rs-mprefutes-charges-against-him113110200433_1.html
Govt. mulls ban of official usage of
Gmail, Yahoo
Wary of cyber snooping, the government could
ban e-mail services such as Gmail and Yahoo
for official communications by December this
year in a move to safeguard its critical and
sensitive data. The government is expected to
route all its official communication through the
official website NIC’s email service.
The Department of Electronics and Information
Technology (DEITY) is drafting a policy on email usage for government offices and
departments and the policy is almost ready.
The department is now taking views from other
ministries on it.
The Hindu - 29.10.2013
http://www.thehindu.com/news/national/govtmulls-ban-of-official-usage-of-gmailyahoo/article5284904.ece
Public sector banks revise LTA norms
in wake of scam
The government has revised norms governing
leave travel allowance (LTA) for public sector
banks in the aftermath of the leave travel
concession
(LTC)
scandal.
Rajiv
Takru,
secretary department of financial services
(DFS), told TOI that the department has issued
revised norms for LTC for public sector banks.
"We have told them what they can do and what
they can't," Takru said.
The Times of India - 02.11.2013
http://timesofindia.indiatimes.com/business/in
dia-business/Public-sector-banks-revise-LTAnorms-in-wake-ofscam/articleshow/25084046.cms
ATF prices cut, no relief for flyers
Oil PSUs on Thursday reduced aviation turbine
fuel (ATF) prices by 4.5% but air travellers are
unlikely to get any relief from sky high airfares.
The price fell from Rs 77,089.4 and Rs 79,716,
per kilolitre respectively in Delhi and Mumbai
last month, to Rs 73,607.3 and Rs 76035.9 in
November. Airline companies, however, say
that airfares — which were raised from
September due to high ATF prices — will not
fall due to the drop in prices. Fares are going to
remain high till mid-January and fall due to
lean travel season kicking in then.
The Times of India - 01.11.2013
http://timesofindia.indiatimes.com/business/in
dia-business/ATF-prices-cut-no-relief-forflyers/articleshow/25026610.cms
3. Jet Airways bets on business class again:
Increases seats in the premium segment,
scraps loss-making domestic flights
Jet Airways, the second-largest domestic airline by
passenger volume, is gearing up for the
competition from Tata-Singapore Airlines’ fullservice airline. For one, it is reconfiguring its
Boeing 737 fleet to add extra business class seats.
Besides, the airline plans to cut down flights on
certain loss-making domestic routes.
Business Standard - 29.10.2013
http://www.businessstandard.com/article/companies/jet-airways-betson-business-class-again-113102600597_1.html
RailYatri launches mobile alerts
Over 25 million rail passengers can now find
useful information regarding their train routes
and stations at the click of a button on their
smartphones. RailYatri.in has launched a
National Railyatri Alert System (NRAS)- an
information system that helps passengers find
information on their route, train or destination
on their internet-enabled phone.
The Times of India - 28.10.2013
http://timesofindia.indiatimes.com/tech/technews/internet/RailYatri-launches-mobilealerts/articleshow/24827854.cms
Japanese agency offers to help Chennai
port operations
Germany’s Rhenus Group buys 49%
stake in Indian logistics firm
Japan International Cooperation Agency (JICA)
has come forward to offer assistance to Chennai
Port Trust for improving container movement. The
move would help the export-import trade plan
better and save on time and cost. Further, the
offer assumes significance, coming as it does in
the backdrop of Chennai-Bangalore Industrial
Corridor project, in which JICA will have a major
engagement.
The Hindu - 29.10.2013
http://www.thehindu.com/news/national/tamilnadu/japanese-agency-offers-to-help-chennaiportoperations/article5282530.ece?homepage=true
German logistics firm Rhenus Group has picked
up a 49% stake in Mumbai-based port-based
logistics company Western Arya Group for an
undisclosed amount, executives of the two
companies said on Tuesday, in what could
mark the start of consolidation in the Indian
logistics industry.
Mint - 29.10.2013
http://www.livemint.com/Companies/HQBldWL
PjA6abJ9Nz1fGyI/Germanys-Rhenus-Groupbuys-49-stake-in-Indian-logistics-fi.html
How Allcargo Logistics became a global
player
Lack of funding to delay Eastern arm
of dedicated freight corridor
Allcargo Logistics Ltd, a port-based logistics
company founded by Shashi Kiran Shetty, is
working to become the world’s largest LCL (less
than a container load) operator by the end of this
fiscal year, overtaking Vanguard Logistics Group
of the US, according to analysts and company
executives. Vanguard has revenue of $800 million
while Allcargo’s earnings are at $750 million. In
late September, Allcargo acquired US-based
logistics company Econocaribe Consolidators Inc.,
which has over $125 million in revenue
Mint - 29.10.2013
http://www.livemint.com/Specials/lluYS5KvKMm8
z975Km4UjO/How-Allcargo-Logistics-became-aglobal-player.html
The ambitious Dedicated Freight Corridor
project is expected to face funding issues for
the Eastern arm that runs from Ludhiana to
Dankuni. The 1,839 km long Eastern Corridor
faces lack of funds as only 1,130 km of the
entire arm is funded by the World Bank. The
funding from is capped at $2.725 billion which
would barely be sufficient to fund the Phase III.
Business Standard - 30.10.2013
http://www.businessstandard.com/article/economy-policy/lack-offunding-to-delay-eastern-arm-of-dedicatedfreight-corridor-113103000406_1.html
India ports to benefit from LNG boom
Vizag Port pays dearly for slowdown
Virtually every port in India is looking to set up
liquefied natural gas (LNG) receiving terminals to
cash in on the country’s efforts to reduce its
dependence on traditional and costly fossil fuels
and switch to the more efficient, cleaner and ecofriendly option. It is also an indication that locally
produced gas—despite the grandiose plans
The ambitious plans to make it the most
preferred port of South Asia notwithstanding,
the cargo handled by Visakhapatnam Port is hit
hard due to economy slowdown, dislocation
due to mechanisation work and a variety of
other reasons. Fall in iron ore imports by
China, diversion of transhipment cargo to
4. announced by explorers—may not be enough to
meet India’s huge appetite for the fuel for use in
power plants, fertilizer units, petrochemical plants,
automobiles and households.
Mint - 01.11.2013
http://www.livemint.com/Opinion/z0IDqfWYOvdS
O3bYWGEYKJ/India-ports-to-benefit-from-LNGboom.html
Paradip after it commissioned single buoy
mooring and decommissioning of some of its
berths to facilitate modernisation and capacity
addition have made the target set by the
Ministry of Shipping for this year – 70 million
tonnes – a distant dream for Visakhapatnam
Port.
The Hindu - 04.11.2013
http://www.thehindu.com/news/cities/Visakha
patnam/vizag-port-pays-dearly-forslowdown/article5311679.ece
FTA in goods has mixed impact
India's trade with ASEAN: Survey
on
India among world economies at risk
of climate change impact
A FICCI survey, titled business beyond barriers to
ascertain factors impacting trade & investments
between India & ASEAN and the effect of IndiaASEAN FTA on Indian Industry reveals that half
the respondents feel that the FTA in goods has
had either no impact on their exports or an
adverse impact. This is attributed in partly to the
fact that this FTA is restricted to goods where
India's manufacturing sector is not able to
capitalize and partly due to lower duties offered by
ASEAN to China, through the China-ASEAN FTA.
Myiris - 30.10.2013
http://www.myiris.com/newsCentre/storyShow.ph
p?fileR=20131030175421717&dir=2013/10/30
India is among the "extreme risk" countries of
the world where economic impacts of climate
change will be most keenly felt by 2025,
according to new research released on
Wedesday. Kolkata and Mumbai are among the
cities where the economic exposure to the
impacts of extreme climate related events will
be highest over the next 30 years, the report
found.
The Times of India - 30.10.2013
http://timesofindia.indiatimes.com/home/envir
onment/global-warming/India-among-worldeconomies-at-risk-of-climate-changeimpact/articleshow/24938473.cms
India slips to 106th
Prosperity Index
LIC gets its first woman MD
spot
in
World
India has slipped by five places to 106th spot, way
below neighbouring Bangladesh, Nepal, Sri Lanka
and China in the World Prosperity Index, largely
due to poor 'safety and security' environment.
In the 'Prosperity Index' ranking of 142 countries
compiled by London-based Legatum Institute,
India dropped from 101st position last year, while
Norway continues to remain at the top.
Times of India - 31.10.2013
http://articles.timesofindia.indiatimes.com/201310-31/india/43558719_1_world-prosperity-indexlegatum-institute-central-african-republic
Usha Sangwan appointed MD, along with V K
Sharma
Life Insurance Corporation of India (LIC) on
Friday got its first female managing director
(MD) and another new MD. The government
has appointed Usha Sangwan, executive
director (corporate communication) at LIC and
V K Sharma, MD and chief executive officer of
LIC Housing Finance, as the two new MDs. With
these two appointments, LIC is set to function
at its full strength of four MDs after almost two
years. These would be S B Mainak, Sushobhan
Sarkar, Sangwan and Sharma.
Business Standard - 02.11.2013
http://www.businessstandard.com/article/companies/lic-gets-itsfirst-woman-md-113110100942_1.html