Month: September 2012

Food Inflation can be Controlled without 51% FDI in Multi-Brand Retail

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The new policy by the corrupt Politicians of Congress in the Government allowing FDI in MultiBrand Retail Trade – MBRT has several shortcomings. In our view, claimed benefits with respect to crop storage, preventing wastage, employment, consumer prices are
overstated.

The claimed lower food inflation ensuing from FDI in MBRT needs to be grounded to the underlying causes, which in our view are a) government policies encouraging high food prices1 since 2006 (aggressive procurement and pricing), b)
increasing input and land costs, c) rising labor cost and d) rising financial strength in the intermediation

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Rakesh Jhunjhunwala’s Geometric Software partners with Hawk Ridge Systems

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Geometric’s subsidiary – Geometric Americas, has partnered with Hawk Ridge Systems, the number 1 worldwide SolidWorks reseller of 3D CAD Systems, whereby the latter will resell CAMWorks, the first SolidWorks CAM solution that provides state-of-the art machining capabilities seamlessly integrated with SolidWorks.

Launched in 1997, CAMWorks is the leading solids-based CNC programming solution designed to operate in SolidWorks, and the first to offer parametric, knowledge-based machining capabilities with full tool path associativity to the solid model.

Geometric is a specialist in the domain of

Read moreRakesh Jhunjhunwala’s Geometric Software partners with Hawk Ridge Systems

Indian Petrol, Diesel, Kerosene, LPG Subsidies and Consumption

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What every Indian wants to know is the Subsidy Indian Government bares on daily essential Fuels – Petrol, Diesel, Kerosene and LPG. Also note that these subsidies cannot be compared directly with International Fuel Prices due to various Taxes on them in India.

Subsidies on Petrol, Diesel, Kerosene, LPG in India
Petrol – NIL Linked to Market Pricing
Diesel – Rs 13 / Litre is what is being borne by the Govt of India
Kerosene – Rs 32.5 / Litre
LPG – Rs 380 / Cylinder

Read moreIndian Petrol, Diesel, Kerosene, LPG Subsidies and Consumption

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Royal Orchid Hotels opens one hotel ‘Regenta Central’ in Chandigarh

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Royal Orchid Hotels has opened a hotel ‘Regenta Central’ located at NH 21, near Chandigarh Airport, Zirakpur in Chandigarh. With the opening of the above hotel, the company has now 23 hotels across 16 cities in India. The above hotel is with 66 guest rooms in addition to bar, specialty restaurant, conference hall and other … Read more Royal Orchid Hotels opens one hotel ‘Regenta Central’ in Chandigarh

What is the Great Thorium il-legal mining Scam of India ?

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RTI Activists and The StatesMan newspaper have unearthed the massive Thorium Mining Scam which according to the 137 Year Old newspaper is of Rs 48 Lakh Crore. Anyway, we’ll leave it to the office of the Comptroller and Auditor General to assess.

Highlights of the Thorium Mining Scam in India,

Public sector Indian Rare Earths Limited having divisions at Chatrapur in Orissa, Manavalakurichi in Tamil Nadu, Chavara and Aluva, and its own research centre in Kollam in Kerala, is the only institution authorised to extract thorium from monazite sands. If the Comptroller and Auditor-General were to audit the accounts of the IREL and the Department of Atomic Energy, custodians of fissile minerals, the coalgate scam would look like small change. The missing thorium, conservatively estimated at $100 a tonne, works out to about Rs 48 lakh crore, putting all other UPA scams in the shade.

Read moreWhat is the Great Thorium il-legal mining Scam of India ?