Out of 121 crore people in India if just 10% drink juice for ₹10 daily then for a month it's approximately 3600 crores!!!!!! When we drink Pepsi and Coca-Cola, this 3600 crores goes out of our country. Pepsi and C...oca-Cola companies are getting more than 7000 crores every day. We are requesting you to drink sugarcane juice or tender coconut or fresh juices and save the 7000 crores of our country and give them to our farmers.
None of our farmers will commit suicide henceforth. When we consume fresh juices it will in turn give income to one crore people for their living. Later the juice available for ₹10 will be available for ₹5. Support Indian goods and make our country financially strong. Please ensure that this message reaches at least three persons. Don't stop the flow. Coca-Cola, Maggi,Fanta, garnier, Revlon, loreal, huggies, levis, Nokia, McDonald, Calvin clin, kit Kat, Sprite, Nestle, Pepsi, KFC. The rates of the these products are less due to this reason. Please send this message to all your groups.
When Colgate was not there didn't husband and wife run their family happily?
When fair and lovely was not there were all our Indian women black?
When skirts were not there weren't our girls studying?
Didn't we knew about music in India before disco came?
Were all Indians bald without Pantene?
Weren't there any scholars in India before we knew the language English?
Buy and support Indian goods and save our country.
If all Indians stop buying foreign products for a span of 90 days then India will become the second richest country in the world. In just 90 days our ₹2 will be equivalent to 1 dollar . We all should join together and do it because this is our country. If we don't stand up for our country then we will lose our wealth to foreign countries. We forward so many jokes and messages and greetings, let us forward this message so that it reaches all the Indians . Bharat Maatha ki! Jai!
Ø Slipping growth in construction, one of the most labour intensive sectors, does not augur well for employment creation. Real value added in construction fell to 2.3% in the second half of FY2015 from 7.6% in the first half.
Ø Exports as a % of GDP remained a cause of worry with the share of exports % of GDP dropping to 23% in FY15 as compared to 25% in the previous year on the back of weak global growth.
Ø Lower inflation bridged the gap between real and nominal GDP growth in FY15. As a result, nominal GDP growth fell to 10.5% (advance estimate at 11.5%) from 13.6% in the previous fiscal
Ø On the supply side, agriculture growth slipped to 0.2% from 3.7% in FY14, reflecting the impact of a weak monsoon and unseasonal rains in Q4. On the other hand, industry GDP grew by 6.1% with a broad based pick up in all subindices except mining which slowed down to 2.4%.
Ø The Q4 readings were upbeat, contrary to expectations, rising to 7.5% from 6.6% in Q3. High frequency data for the fourth quarter painted a gloomier picture and therefore at first glance are not in sync with the GDP release. However, the devil lies in the detail. Components such as consumer spending, government consumption, fixed investment and exports have come in lower than the advance estimate while growth in valuables and inventory were revised up, leaving the overall figure unchanged.
Ø In addition, growth measured by the gross value added at basic prices declined in Q4 to 6.1%. As a result, the gap between GDP at market prices and GVA at basic prices idened, signalling that higher GDP growth was supported by net product taxes in Q4. Albeit, this could likely be a cyclical trend with the gap closing next quarter. A similar gap opened up in Q4 2014 with higher growth in net product taxes.
Ø This strengthens the case for further easing in monetary policy by the RBI and I expect repo rate to decline by 25-50 bps this fiscal, most of it front loaded.
Ø However, my forecasts for monetary easing and higher consumption hinge on a normal monsoon. A second consecutive year of weak monsoons might adversely affect even the well irrigated parts of the country and diminish hopes of the much needed consumption revival and derail lower inflation expectations.
Ø I stick to my forecast of 7.9% GDP growth in FY16 with consumption rising to 7.0% and overall investments witnessing a mild revival. The growth in investment will be largely public sector led as private corporate sector remains shy of investing. Assuming a normal monsoon or a favourable spatial distribution of a rainfall in the event of sub-normal rains, I expect agriculture growth to rise to its long term trend in FY16 from a weak base.
Ø Risks to growth remain:
GDP will grow if consumption holds the flag in FY16 based on GDP Data released on May 29, 2015
GDP growth rose to 7.3% in FY15, revised down from the advance estimate of 7.4%. As expected, agriculture growth weakened to 0.2% while the non-agriculture sector rose to 8.6%. Quarterly trends show that GDP growth picked up to 7.5% in Q4, however gross value added declined (GVA at basic prices) declined to 6.1% - in line with muted high frequency data between January – March 2015. This signals that most of the uptick came from growth in net product taxes. The gap between nominal and real GDP growth also fell with persistence of disinflationary trend.
Looking ahead, I believe that falling inflation (due to lower food and fuel inflation) and improving income visibility (especially farm incomes if monsoon is normal) will remain supportive of growth in FY16. I expect GDP growth to rise to 7.9% with consumption growth at 7.0%. In the absence of any significant monetary or fiscal stimulus, the consumption revival will be mild and critically hinge on how monsoons play out in 2015. The rise in service tax to 14% from 12.36% effective June 1 will be a mild dampener for service categories like hotels and restaurants, movies, phone bills etc. But this does not change my growth outlook as this was already known when the budget was announced in February and was factored in our assessment of fiscal 2016. This, I believe, will improve capacity utilisation rates and lead to revival of private investments over the next 12- 18 months.
Also, as the expected pick-up in in consumption is fragile and investment revival not in sight this year, the case for further monetary easing becomes stronger. With inflation under control, I expect RBI to reduce rates by 25-50 bps in the current fiscal. The likelihood that RBI could wait for IMD’s second monsoon forecast in June before cutting rates cannot be ruled out.
GDP Data Readings.
Ø GDP growth rose to 7.3% in FY15 from 6.9% in the previous year, albeit slightly lower than the advance estimate of 7.4%. Higher growth in FY15 was led by consumer spending (6.3%), followed by investment – which rose to 4.6 %, while net exports lost momentum. In comparison to the advance estimate, growth was lower as private consumption, government spending and net exports were revised down, offsetting the upward revision in fixed investments for FY15. Ø Slipping growth in construction, one of the most labour intensive sectors, does not augur well for employment creation. Real value added in construction fell to 2.3% in the second half of FY2015 from 7.6% in the first half.
Ø Exports as a % of GDP remained a cause of worry with the share of exports % of GDP dropping to 23% in FY15 as compared to 25% in the previous year on the back of weak global growth.
Ø Lower inflation bridged the gap between real and nominal GDP growth in FY15. As a result, nominal GDP growth fell to 10.5% (advance estimate at 11.5%) from 13.6% in the previous fiscal
Ø On the supply side, agriculture growth slipped to 0.2% from 3.7% in FY14, reflecting the impact of a weak monsoon and unseasonal rains in Q4. On the other hand, industry GDP grew by 6.1% with a broad based pick up in all subindices except mining which slowed down to 2.4%.
Ø The Q4 readings were upbeat, contrary to expectations, rising to 7.5% from 6.6% in Q3. High frequency data for the fourth quarter painted a gloomier picture and therefore at first glance are not in sync with the GDP release. However, the devil lies in the detail. Components such as consumer spending, government consumption, fixed investment and exports have come in lower than the advance estimate while growth in valuables and inventory were revised up, leaving the overall figure unchanged.
Ø In addition, growth measured by the gross value added at basic prices declined in Q4 to 6.1%. As a result, the gap between GDP at market prices and GVA at basic prices idened, signalling that higher GDP growth was supported by net product taxes in Q4. Albeit, this could likely be a cyclical trend with the gap closing next quarter. A similar gap opened up in Q4 2014 with higher growth in net product taxes.
Implication and Outlook
Ø Although consumption was the highest contributor to growth in FY15 it continues to trail overall GDP growth and remains on a fragile foot for now. Going ahead, I expect consumption to pick up a notch with lower inflation improving real purchasing power, softer interest rates stimulating demand and a favourable monsoon pushing up incomes. I believe that this will provide the much need trigger for growth as capacity utilisation remains low for now, investment climate is still muted and the lack of fiscal and monetary stimulus muscle at the governments’ disposable. Ø This strengthens the case for further easing in monetary policy by the RBI and I expect repo rate to decline by 25-50 bps this fiscal, most of it front loaded.
Ø However, my forecasts for monetary easing and higher consumption hinge on a normal monsoon. A second consecutive year of weak monsoons might adversely affect even the well irrigated parts of the country and diminish hopes of the much needed consumption revival and derail lower inflation expectations.
Ø I stick to my forecast of 7.9% GDP growth in FY16 with consumption rising to 7.0% and overall investments witnessing a mild revival. The growth in investment will be largely public sector led as private corporate sector remains shy of investing. Assuming a normal monsoon or a favourable spatial distribution of a rainfall in the event of sub-normal rains, I expect agriculture growth to rise to its long term trend in FY16 from a weak base.
Ø Risks to growth remain:
· second consecutive year of weak monsoons,
· further fall in exports if global growth remains weak, and
· reversal of the fall in oil prices.
Press Information Bureau
Government of India
Ministry of Finance
01-June-2015 19:29 IST
Government of India
Ministry of Finance
01-June-2015 19:29 IST
Finance Minister Arun Jaitley Inaugurated the New Bank Note Paper Line at Security Paper Mill, Hoshangabad and Flaged Off the First Consignment of Rs. 1000/- Bank Note Paper to Currency Note Press, Nashik At Hoshangabad on Last Saturday, 30th May, 2015;
FM: New Security Paper Mill in Hoshangabad will Give India Indigenously Produced Currency Note Paper and Will Prove to be a Major Step Towards Prime Minister Shri Narendra Modi’s ‘Make In India’ Initiative; FM:Two More Paper Lines of Total Capacity of 12,000 MT, Would be Set-Up at Security Paper Mill, Hoshangabad and a New Security Paper Mill Through JV Company Has Been Established At Mysore in Karnataka Ensuring Huge Savings on Foreign Exchange.
The Minister of Finance, Corporate Affairs and Information and Broadcasting Shri Arun Jaitley, inaugurated the New Bank Note Paper Line of 6000 MT capacity and also flagged off the first consignment of Rs. 1000 Bank Note paper made indigenously to Currency Note Press, Nashik at Security Paper Mill, Hoshangabad on last Saturday, 30.05.2015 in the august presence of Shri Shivraj Singh Chouhan, Chief Minister, Madhya Pradesh and other dignitaries.
Speaking on the occasion, the Finance Minister Shri Jaitley said that the New Security Paper Mill in Hoshangabad will give India indigenously produced Currency Note Paper and will prove to be a major step towards Prime Minister Shri Narendra Modi’s ‘Make in India’ initiative. He further said that the Mill would produce 6000 MT paper on which Currency Notes of denominations Rs. 10/-, Rs. 20/-, Rs. 50/-, Rs. 100/-, Rs. 500/- and Rs. 1000/- will be printed. Earlier, the paper to print high denomination currency was imported. The Finance Minister announced that two more paper lines of total capacity of 12,000 MT would be set-up at Security Paper Mill, Hoshangabad. He also said that a New Security Paper Mill through JV Company has been established at Mysore in Karnataka. The Finance Minister Shri Jaitley said that this would ensure huge savings on foreign exchange. The Finance Minister expressed happiness that beginning of Government's flagship programme 'Make In India' is being made in Madhya Pradesh, a State which has ceased to be a Bimaru (sick) State following various initiatives taken by Shri Shivraj Singh Chouhan, Chief Minister, Madhya Pradesh, in the recent past. The Finance Minister Shri Jaitley said Hoshangabad was chosen as the centre for producing paper for printing currency notes several decades ago by Shri Morarji Desai, who was the then Finance Minister. However, it produced paper for printing of currency notes of smaller denominations only. With the development of the new facilities at Hoshangabad and also at Mysore, it will be possible to produce Currency Printing Paper in adequate quantity to meet the needs of the nation. The Finance Minister also said that the Ink used in printing of the Bank Notes is mostly produced within India.
The foundation stone for this New Bank Note Paper Line was laid on 17.12.2011 by the then Finance Minister, Shri Pranab Mukherjee. The project has been completed at a cost of Rs. 495 crore within the budget and within the time schedule. This plant is environment friendly with minimal use of the power and water. No additional water has been taken for this plant from Narmada River. This is a start-of-the-art plant with capability for incorporation of the advanced security features into the Bank Note paper. This plant has been incorporated with the latest pulp manufacturing plant, control systems, equipped with automatic sheet cutter and packaging and has online inspection system. This plant is capable of manufacturing all denominations of Bank Note paper with capacity to introduce 3-dimentional toned water mark. The new plant has state of the art paper testing laboratory to the international standards for testing of the Bank Note Paper before dispatch to the Currency Note Presses. This New Paper Line is environment friendly aiming for zero liquid discharge. The latest surveillance system SAP-ERP and with state-of-the-art fire and safety system has been installed. This plant has a latest Mould Cover manufacturing facility for manufacture of the Bank Note paper with latest designs.
Security Printing and Minting Corporation of India Limited (SPMCIL), a Miniratna Category-I CPSE, is a wholly owned Schedule-A Company of Government of India. The Company was incorporated on 13.01.2006 and has nine Units engaged in minting of Coins, Printing of Bank Notes, Passports, Postal Stationery, Non-Judicial Stamp Papers, and other Security Documents & manufacture of Security Paper.
The performance of the Corporation in all spheres has improved significantly since corporatisation. SPMCIL has more than doubled the production of the Coins and Bank Notes while manpower has reduced by one third. SPMCIL has minted finely designed commemorative coins on various personalities and important events. It has introduced new security products like Excise labels, warehousing receipts etc. The turnover of the company has increased about three times during the last eight years. SPMCIL has been paying dividend @20% of the Net Profit continuously for the last four years. It has obtained EXCELLENT rating in its MoU performance for the last five years. It has paid back Rs. 1,110 crore loans of BRBNMPL and Ministry of Finance, invested about Rs. 1,540 crore from its own resources and created cash reserves of about Rs. 1,500 crore. It has carried out phase-I modernisation of Mints by introducing state-of-the-art coining machinery. One state-of-the-art Currency Printing line has been installed at Bank Note Press, Dewas. Modernisation and capacity expansion of Ink Factory at Dewas has been completed. SPMCIL today stands as the successful model of Corporatisation of the erstwhile Government Units.
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