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Workshop on "Do It Yourself - Energy Audit"- Wednesday, 29th June, 2011
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The "Do it yourself - Energy Audit" Workshop for offices / homes / buildings / hotels is to appraise all the energy consumers about the energy saving potential existing in their own places and how they can reduce their utility bills on electricity and fuel simultaneously by simple and cost effective measures.
i. The participants will be trained to evaluate their total energy consumption (fuel and electricity)
ii. They will be taught to calculate the energy efficiency of their appliances by simple techniques.
iii. They will understand the cost-benefit analysis calculation method of domestic energy conservation.
iv. They will be taught to select the right energy efficient gadget from alternates for maximum return on their investment.
v. A unique opportunity to save on your utility bill, through your own efforts.
Those who are interested in participating in the Workshop may contact the Cochin Chamber of Commerce & Industry.
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World Economic Outlook (WEO)- A Report by International Monetary Fund |
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EXECUTIVE SUMMARY
The world economic recovery is gaining strength, but unemployment remains high in advanced
economies, and new macroeconomic risks are building in emerging market economies. In advanced economies, the handoff from public to private demand is advancing, reducing concerns that diminishing fi scal policy support might cause a "double-dip" recession. Financial conditions continue to improve, although they remain unusually fragile. In many emerging market economies, demand is robust and overheating is a growing policy concern. Developing economies, particularly in sub-Saharan Africa, have
also resumed fast and sustainable growth. Rising food and commodity prices pose a threat to poor
households, adding to social and economic tensions, notably in the Middle East and North Africa. Oil
price increases since January 2011 and information on supply, including on spare capacity, suggest that
the disruptions so far would have only mild effects on economic activity. An earthquake in Japan has
exacted a terrible human toll. Its macroeconomic impact is projected to be limited, although uncertainty
remains elevated. Overall, with the recovery stronger on the one hand but oil supply growth
lower on the other, projections for global real GDP growth in 2011-12 are little changed from the
January 2011 WEO Update. But downside risks have risen. |
Many old policy challenges remain unaddressed even as new ones come to the fore. In advanced
economies, strengthening the recovery will require keeping monetary policy accommodative as long as
wage pressures are subdued, inflation expectations are well anchored, and bank credit is sluggish. At
the same time, fiscal positions need to be placed on sustainable medium-term paths by implementing
fiscal consolidation plans and entitlement reforms supported by stronger fiscal rules and institutions.
This need is particularly urgent in the United States to stem the risk of globally destabilizing changes in
bond markets. The U.S. policy plans for 2011 have actually switched back from consolidation to expansion. Efforts should be made to reduce the projected deficit for fiscal year 2011. Measures to trim
discretionary spending are a move in this direction. However, to make a sizable dent in the projected
medium-term deficits, broader measures such as Social Security and tax reforms will be essential. In
Japan, the immediate fiscal priority is to support reconstruction. Once reconstruction efforts are under
way and the size of the damage is better understood, attention should turn to linking reconstruction
spending to a clear fiscal strategy for bringing down the public debt ratio over the medium term. In
the euro area, despite significant progress, markets remain apprehensive about the prospects of countries under market pressure. For them what is needed at the euro area level is sufficient, low-cost, and flexible funding to support strong fiscal adjustment, bank restructuring, and reforms to promote competitiveness and growth. More generally, greater trust needs to be reestablished in euro area banks through ambitious stress tests and restructuring and recapitalization. |
Moreover, reform of the global financial system remains very much a work in progress.
The challenge for many emerging and some developing economies is to ensure that present boom-like
conditions do not develop into overheating over the coming year. Inflation pressure is likely to build
further as growing production comes up against capacity constraints, with large food and energy
price increases, which weigh heavily in consumption baskets, motivating demands for higher wages.
Real interest rates are still low and fiscal policies appreciably more accommodative than before the
crisis. Appropriate action differs across economies, depending on their cyclical and external conditions.
However, a tightening of macroeconomic policies is needed in many emerging market economies. |
•For external surplus economies, many of which manage their currencies and do not face fiscal
problems, removal of monetary accommodation and appreciation of the exchange rate are necessary
to maintain internal balance reining in inflation pressure and excessive credit growth and assist in
global demand rebalancing. |
•Many external deficit economies need to tighten fiscal and monetary policies, possibly tolerating
some overshooting of the exchange rate in the short term. |
• For some surplus and deficit economies, rapid credit and asset price growth warn of a threat to
financial stability. Policymakers in these economies will need to act soon to safeguard stability and
build more resilient financial systems. |
• Many emerging and developing economies will need to provide well-targeted support for poor
households that struggle with high food prices. Capital flows to emerging market economies
resumed remarkably quickly after the crisis. However, as policy rates in advanced economies rise from their unusually low levels, volatile flows may again exit the emerging market economies. Depending on country specific circumstances, and assuming appropriate macroeconomic and prudential policies are in place, measures designed to curb capital inflows can play a role in dampening the impact of their excessive volatility on the real economy. However, such measures are not a substitute for macroeconomic tightening. Greater progress in advancing global demand rebalancing is essential to put the recovery on a stronger footing over the medium term. This will require action by many countries, notably fiscal adjustment in key external deficit economies and greater exchange rate flexibility and structural reforms that eliminate distortions that boost savings in key surplus economies. |
There is broad agreement on the contours of the policy responses sketched here. However, with the
peak of the crisis now past, the imperative for action and willingness to cooperate among policymakers
is diminishing. It would be a mistake for advanced economies to delay fiscal adjustment in the face of
a difficult political economy at home. Additionally, while the removal of distortions that boost saving
in key external surplus economies would support growth and help achieve fiscal consolidation in key
advanced economies, insufficient progress on one front should not serve as an excuse for inaction
on the other front. It would also be a mistake for emerging market economies to delay exchange rate
adjustment in the face of rising inflation pressure. Many emerging market economies cannot afford to
delay additional policy tightening until the advanced economies undertake such tightening themselves.
The task facing policymakers is to convince their national constituencies that these policy responses
are in their best economic interests, regardless of the actions others are taking. |
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Monthly Economic Report- April 2011 |
The overall growth of GDP at factor cost at constant prices, as per Advance Estimates, was 8.6 per cent in 2010-11 representing an increase from the revised growth of 8.0 per cent during 2009-10. |
The cumulative rainfall received for the country as a whole, during the pre monsoon season, 2011 (March 1 to May 31), was 12 per cent below the normal as on 11.05.2011.
Food grains (rice and wheat) stocks held by FCI and State agencies were 45.88 million tonnes as on March 1, 2011.
Overall growth in the Index of Industrial Production (IIP) was 7.3 per cent during March 2011 as compared to 15.5 per cent in March 2010. During 2010-11, IIP growth was 7.8 per cent as compared to 10.5 per cent during 2009-10.
Six core industries grew by 7.4 per cent in March 2011 as compared to the growth of 6.8 per cent in March 2010. During 2010-11, these sectors grew by 5.9 per cent as compared to 5.5 per cent during 2009-10.
Broad money (M3) (up to April 22, 2011) increased by 2.3 per cent as compared to 0.8 per cent during the corresponding period of the last year. The year-on-year growth, as on April 22, 2011 was 17.6 per cent as compared to 15.3 per cent last year.
Exports, in US dollar terms increased by 43.8 per cent and imports increased by 17.3 per cent, during March 2011.
Foreign Currency Assets stood at US$ 282.3 billion at end April 2011 compared to US$ 255.0 billion at end April 2010.
Rupee appreciated against US dollar and Japanese Yen and depreciated against Pound Sterling and Euro in the month of April 2011 over March 2011.
Year-on-year inflation in terms of Wholesale Price Index was 8.66 per cent for the month of April 2011 as compared to 10.88 per cent in the corresponding month last year.
Tax revenue (net to Centre) during April-February, 2010-11 recorded a year-on-year growth of 28.4 per cent. Non-tax revenue grew by 109.6 per cent in April-February 2010-11 on account of one-off nature of receipts of proceeds from telecom Spectrum auction.
As proportions of budget estimates, fiscal deficit during April-February 2010-11 was 72.1 per cent and revenue deficit was 72.6 per cent.
ECONOMIC GROWTH
As per the Advance Estimate (AE) of Central Statistics Office (CSO), the growth in Gross Domestic Product (GDP) at factor cost at constant (2004-05) prices was estimated at 8.6 per cent in 2010-11 as compared to 8.0 per cent in 2009-10 (Quick Estimate). At disaggregated level, this (AE 2010-11) comprises growth of 5.4 per cent in agriculture and allied activities, 8.1 per cent in industry and 9.6 per cent in services as compared to a growth of 0.4 per cent, 8.0 per cent and 10.1 per cent respectively during 2009-10. Real GDP grew by 8.2 per cent in the 3rd quarter of 2010-11 following identical growth of 8.9 per cent in the first two.
AGRICULTURE
Rainfall: The rainfall situation in India is categorized into four seasons: winter season (January-February); pre monsoon (March-May); south west monsoon (June-September) and post monsoon (October-December). South west monsoon accounts for more than 75 per cent of annual rainfall.
In 2010-11, during the south west-monsoon period (June 1 to September 30), the cumulative rainfall received for the country as a whole, was 912.8 mm, which is 2 per cent above the normal. During this period, out of 36 meteorological sub-divisions in the country, 31 received excess/normal rainfall and 5 received deficient rainfall. The cumulative rainfall received for the country as a whole, during the pre monsoon season (March 1 to May 31), was 12 per cent below the normal, as on 11.05.2011.
All India production of food grains: According to the Third Advance Estimates released on 6th April, 2011, the production of food grains is estimated at 235.88 million tonnes during 2010-11 compared to 218.11 million tonnes (final estimates) in 2009-10.
Procurement: Procurement of rice as on March 1, 2011 (Kharif Marketing Season 2010-11) at 22.7 million tonnes represents a decline of 1.3 per cent compared to the corresponding date last year. Wheat procurement during Rabi Marketing Season 2010-11 was 22.51 million tonnes as compared to 25.38 million tonnes during the corresponding period last year.
Off-take: Off-take of rice during the month of February 2011 was 26.80 lakh tonnes. This comprises 19.86 lakh tonnes under TPDS and 6.94 lakh tonnes under other schemes. In respect of wheat, the total offtake was 22.17 lakh tonnes comprising 15.31 lakh tonnes under TPDS and 6.86 lakh tonnes under other schemes.
Stocks of food-grains (rice and wheat) held by FCI as on March 1, 2011 were 45.88 million tonnes, which is higher by 1.1 per cent over the level of 45.34 million tonnes as on March 1, 2010.
INDUSTRIAL PRODUCTION
During March 2011, the IIP growth was 7.3 per cent as compared to 15.5 per cent growth during the corresponding period of previous year. In mining, manufacturing and electricity sectors, the growth rates in March 2011 were 0.2, 7.9 and 7.2 per cent respectively. The growth rates have decreased in mining, manufacturing and electricity sectors during March 2011 as compared to March 2010. In the use-based industrial groups, the growth rates have decreased significantly in basic goods, capital goods and intermediate goods in March 2011 as compared to March 2010. In consumer goods sector as a whole, the growth rate in March 2011 has declined as compared to the growth rate in March 2010. But in consumer non-durable segment, the growth rate has increased in March 2011 as compared to March 2010.
Six core industries:The index for six core industries (comprising crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel) with a weight of 26.68 per cent in the IIP grew by 5.9 per cent during April-March 2010-11, as compared to growth rate of 5.5 per cent achieved during the corresponding period in 2009-10. During the month of March 2011, the overall growth of the core sector industries was 7.4 per cent as compared to the growth of 6.8 per cent during March, 2010. During March 2011, the growth in crude oil sector was 12.1 per cent followed by finished steel 9.9 per cent, petroleum refinery 8.5 per cent, electricity 7.6 per cent and cement 6.5 per cent respectively. In coal sector, the growth rate in March 2011 is negative as compared to 8.0 per cent growth during March 2010.
MONEY AND BANKING
Broad money (M3) (up to April 22, 2011) increased by 2.3 per cent as compared to 0.8 per cent during the corresponding period of the last year. The year-on-year growth, as on April 22, 2011 was 17.6 per cent as compared to 15.3 per cent last year.
Reserve money (M0) during the financial year 2011-12 (up to May 6, 2011) declined by 2.1 per cent as compared to an increase of 0.4 per cent in the corresponding period of the previous year. The year-on-year variation revealed an increase of 16.2 per cent as on May 6, 2011, compared to 23.4 per cent on the corresponding date of the previous year.
An important source of reserve money, namely, net foreign exchange assets (NFA) of the RBI increased by 1.8 per cent (during the financial year) as on May 6, 2011 as
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compared to decline of 0.2 per cent in the same period last year. The y-o-y growth rate of NFA, as on May 6, 2011 was 10.0 per cent as compared to a decline of 2.1 per cent on the corresponding date of the last year.
Scheduled Commercial Banks (SCBs): business in India
During the current financial year i.e. 2011-12 (upto April 29, 2011), Bank credit showed a decline of 5.0 per cent as compared to a decline of 3.0 per cent during the corresponding period of last year. The Non-Food credit during this period declined by 0.1 per cent as compared to a decline of 0.8 per cent during the corresponding period of last year.
The aggregate deposits with Scheduled Commercial Banks recorded an increase of 2.6 per cent (as on April 29, 2011) as against an increase of 1.5 per cent in the corresponding period of last year.
Interest rates (per cent per annum): As on April 29, 2011, Bank Rate was 6.00 per cent. Call money rates (borrowing & lending) were 6.86 per cent as compared with 3.79 per cent on the corresponding date of last year.
EXTERNAL SECTOR
Foreign trade: Exports, in US dollar terms and customs basis, during March 2011 increased by 43.8 per cent and imports increased by 17.3 per cent over March 2010. Oil imports increased by 8.2 per cent and non-oil imports increased by 21.0 per cent during March 2011 over March 2010.
Exchange rate: The rupee appreciated by 1.3 per cent against US dollar and 3.1 per cent against Japanese Yen and depreciated by 0.02 per cent against Pound Sterling and 2.0 per cent against Euro in the month of April 2011 over March 2011.
External assistance and debt service payments: Gross external aid in 2011-12 at 983.39 crore as compared to 10396.88 crore in 2010-11. Net disbursement was 621.45 crore in 2011-12 compared to 10098.64 crore in 2010-11. Net transfers were 412.42 crore in 2011-12 compared to 9892.75 crore in 2010-11.
 
INFLATION
Wholesale Price Index (WPI 2004-05=100): The WPI inflation for all commodities for the month of April 2011 moderated to 8.66 per cent from a level of 9.04 per cent last month. The revised WPI inflation for February 2011 was 9.54 per cent (8.31 per cent reported earlier). Favourable base effect has pulled down the headline inflation; but the prices of some of the fuel and manufactured item have gone up. The average WPI inflation rate for last 12 months (May 2010 to April 2011) was 9.3 per cent as compared to 4.6 per cent during corresponding period in 2010-11. The build-up of inflation since March to April 2011 stood at 1.35 per cent during current financial year as against 1.70 per cent in the corresponding period last year. Inflation as per Major groups is indicated in Table 14.
Inflation based on Consumer Price Index: Inflation in Consumer Price Index for Industrial Workers (CPI-IW) was 8.82 per cent in March 2011 as compared to 14.86 per cent in the corresponding month last year. CPI-IW food inflation (weight 46.20%) also declined to 8.29 per cent in March 2011 from its peak of 21.29 per cent in December 2009. CPI-RL food inflation (weight 66.77%) also declined to 7.34 per cent in March 2011 from its peak of 20.78 per cent in January, 2010 (Table 15).
FISCAL SITUATION
As proportions of budget estimates, fiscal deficit during April- February 2010-11 was 72.1 per cent and revenue deficit was 72.6 per cent respectively. The lower levels reflect one-off nature of growth in non-tax revenue (auction of telecom spectrum).
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| Government of Kerala
- Council of Ministers |
Mr. Oommen Chandy, Chief Minister
General Administration, Home, Vigilance, All India Services, Fire Services, Science, Technology and Environment, Scientific Institutes, Personnel and Administrative Reforms, Elections, Integration, Sainik Welafre, Distress Relief, State Hospitality, Administration of Civil and Criminal Justice, Inter State River Waters, Non Resident Keralites' Affairs, Fisheries and subjects not mentioned elsewhere.
Mr. K. M. Mani, Minister for Finance
Finance, Treasuries, Lotteries, Law, Housing, National Savings, Stores Purchase, Commercial Taxes, Agricultural Income Tax, Stamps and Stamp Duties, Local Fund Audit, Kerala State Financial Enterprises, State Insurance and Kerala Financial Corporation.
Mr. P. K. Kunhalikutty, Minister for Industries & Commerce
Industries (including Industrial Cooperatives), Commerce, Information Technology, Commerce,Wakf and Haj Pilgrimage, Mining and Geology, Welfare of Minorities, Municipalities and Corporations, Town Planning, Regional Development Authorities and Handloom and Textiles.
Mr. K. P. Mohanan, Minister for Agriculture and Animal Husbandry
Agriculture, Animal Husbandry, Soil Conservation, Soil Survey, Printing and Stationary, Agricultural University, and Warehousing Corporation.
Mr. T. M. Jacob, Minister for Food and Civil Supplies
Food and Civil Supplies and Consumer Protection
Mr. K. B. Ganesh Kumar, Minister for Forests and Sports
Forests, Wild Life Protection, Sports, Kerala State Film Development Corporation, Kerala Chalachitra Academy and Kerala Cultural Workers' Welfare Fund Board.
Mr. Shibu Baby John, Minister for Labour
Labour, Employment and Training, Rehabilitation, Factories and Boilers, Insurance Medical Service, and Labour Courts.
Mr. Aryadan Mohammed, Minister for Electricity
Electricity, Railways and Posts and Telegraph
Mr. Thiruvanachoor Radhakrishnan, Minister for Revenue
Land Revenue, Land Reforms, Survey and Land Records and Legal Metrology.
Mr. C. N. Balakrishan, Minister for Cooperation
Cooperation and Khadi and Village Industries.
Mr. Adoor Prakash, Minister for Health and Coir
Health, Family Welfare, Medical Education, Indigenous Medicines, Drugs Control, Pollution Control, Homoeopathy, and Naturopathy and Coir.
Mr. M. K. Muneer, Minister for Panchayats and Social Welfare
Panchayats, Kerala Institute of Local Administration and Social Welfare Mr. P. K. Abdu Rabb, Minister for Education
General Education, Collegiate Education, Technical Education, Universities except Agricultural University, Entrance Examinations, Literacy Movement, National Cadet Corps
Mr. K. Babu, Minister for Excise, Ports
Excise, Ports, Harbour Engineering, Airports
Mr. A. P. Anil Kumar, Minister for Tourism, SC and Cultural Affairs
Welfare of Scheduled Castes and Backward Communities and Tourism
Mr. P. J. Joseph, Minister for Water Resources
Irrigation, Command Area Development Authority, Ground Water Development, Water Supply and Sanitation and Inland Navigation (Construction of Water Ways).
Mr. V. K. Ibrahim Kunju, Minister for Public Works
Public Works
Mr. P. K. Jayalakshmi, Minister for Tribal Affaris and Youth Affairs
Welfare of Scheduled Tribes, Youth Affairs and Museums and Zoos.
Mr. V. S. Sivakumar, Minister for Transport and Devaswom
Road Transport, Motor Vehicles, Water Transport and Devaswoms
Mr. K. C. Joseph, Minister for Rural Development and Registration
Rural Development, Planning and Economic Affairs, Dairy Development, Milk Co-operatives, Culture, Registration and Information and Public Relations
For further details - Kindly contact the Statistics Department, Cochin Chamber of Commerce & Industry at 0484 2668650 or statistics@cochinchamber.org
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Circulars and Notifications
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| Trade Enquiries |
Business Representations / Contacts
AL BAHAR JACROSSI ENGINEERING AND CONTRACTING CO
P.O. Box 24081 - Safat
13101 - Safat, Kuwait.
(P) 3202560 (O) 3260998
Business Interest: Looking for Indian Contractors - Civil, Mechanical and Electrical, specialized in Oil and Gas Maintenance and Services.
AL AWAMA GENERAL TRADING & CONTRACTING CO
P.O. Box 5049 - Safat 13051 - Safat,Kuwait
Email: alawamak@qualitynet.net
Website: www.alawama.com (P) 2414322/ 2414323 (F) 2414325
Business Interest: Dealing in Trading and Engineering services
HILDA PROFESSIONAL TRANSLATIONS.
P5 Arba Aratzot St, Tel Aviv, Israel
Telephone: 972-522-726-057
Fax: 972-3-5234453
Istanbul Turkey
Email: hild@zahav.net.il
Contact Person: Ms. Hilda Gur
Business Interest: Hebrew-English professional translation in legal, financial and commercial fields. Also includes translation of contracts, legal opinions, business/marketing plans, financial statements, general correspondence, websites etc. |
Exports
EFENDIOGLU MERMER A.S.
Tel: 0090 224 514 2021
Fax: 0090 224 513 1816
Istanbul, Turkey
Email: sedaerstensel@gmail.com
Contact: Ms. Seda Ertansel
Business Interest: Interested in exporting marble
DEPAR AYAKKABI LTD
Tel: 0090 212 565 7251
Fax: 0091 212 565 6459
Istanbul ,Turkey
Email: export@deparayakkabi.com
Contact: Mr. Adnan Orengil
Business Interest: Interested in exporting footwear
FIMAKS
Tel: 0090 224 6623743
Fax: 00902246623747
Istanbul ,Turkey
E-mail: irfan@fimaks.com
Web: www.fimaks.com
Contact: Mr. Irfan Ozdemir
Business Interest: Interested in exporting in Agricultural Machinery and parts
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Imports
M/s CAUSTIC SODA SHARE COMPANY
P.O. Box 5751, Addis Ababa
Tel: 00251-11-6184310/ 6184317
Fax: 00251-11-6611764
Istanbul ,Turkey
Email: causoda@ethionet.etare
Business Interest: Interested in the import of 3000 tonnes of Soda Ash or 5250 tonnes of Washed Trona from India. |
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| Statistics |
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| NEW STATISTICS REPORTS |
REPORTS ON EXPORTS
EXPORTER - PORT - PRODUCTS - LINEWISE
LINE - SECTORWISE
LINE - PORTWISE
PORT - EXPORTER - PRODUCTS - LINEWISE
REPORTS ON DRY/REEFER CAN BE HAD SEPARATELY
ICD REPORTS
EXPORTER - PRODUCT - PORT - LINE - LOCATIONWISE
ICD REPORTS
EXPORTER - PORT - PRODUCTS - LINEWISE
IMPORTER - PORT - PRODUCT - LINEWISE
LINE - SECTORWISE
LINE - PORTWISE
PORT - IMPORTER - PRODUCTS - LINEWISE
ALL OF THE ABOVE REPORTS CAN ALSO BE HAD IN A SPREADSHEET FORMAT
MONTHLY REPORTS ARE AVAILABLE ON:
• TEA EXPORTS
• COIR PRODUCTS EXPORTS
• CASHEW EXPORTS
• COTTON EXPORTS
• COFFEE EXPORTS
• SEA FOOD EXPORTS
• SPICES EXPORTS
• MISCELLANEOUS EXPORTS
• IMPORTS
For further details - Kindly contact the Statistics Department, Cochin Chamber of Commerce & Industry at 0484 2668650 or statistics@cochinchamber.org
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