Manufacturing sector records robust growth

RBI has revealed that India’s manufacturing sector recorded robust growth in sales and improvement in operating profit growth in the 4th quarter of the last fiscal. Companies posted sales of ` 9.25 lakh crore in the last quarter of 2017-18. Operating profit growth of the manufacturing sector improved despite increase in input costs, due to higher growth in value of production.

Govt approves hike in Minimum Support Price

4 : The Centre approved the raise in Minimum Support Price (MSP) for kharif crops in line with its budget announcement to ensure that farmers get at least 1.5 times of the production cost. The MSP for paddy has been hiked to around ` 1,750 per quintal from previous year’s ` 1,550 and corn increased to ` 1,700 from ` 1,131. The MSP of cotton (medium staple) has been increased to ` 5,150.

Canada legalized marijuana

Canada has become the second nation in the world the first G7 nation to legalize marijuana. Uruguay was the first country to legalize marijuana’s production, sale and consumption in December 2013. Medical marijuana is already legal in Canada.

Workshop on Cyber Security Framework 2018

A workshop on cyber security for Department of Defence was organised by Department Defence Production, MoD. It was inaugurated by Defence Minister Smt. Nirmala Sitharaman. The framework is in line with guidelines for organisations to target the area of cyber security and identify improvements in the area. Joint Secretary and Chief Information Security Officer of DDP is Dr Amit Sahai.

Bengal’s Chau mask acquires GI fame

The Chau mask of Purulia, the wooden mask of Kushmandi, the Patachitra, the Dokras of Bengal, and Madhurkathi (a kind of mat) have been presented with the Geographical Indication (GI) tag. The GI tag has been given by the Geographical Indication Registry and Intellectual Property India. A GI tag connects the quality and authenticity of a given product to a particular geographical origin.

BNPM to increase bank note paper production

The government’s Bank Note Paper Mill India (BNPM) has received green signal to increase the production of bank note paper at its Mysuru unit in Karnataka. The production of bank note paper has been increased from 12,000 tonnes per annum to 16,000 tonnes per annum. The raw material used for manufacturing of currency paper is 100% cotton sourced from neighbouring countries.

Record production of Foodgrain in 2017-2018

17 : Aided by a normal monsoon last year, India’s production of foodgrains touched a record 279.5 million tonnes in 2017-18. This was estimated in the third advance estimate of crop production released by the Agriculture Ministry on 16th May. The higher year-on-year food production is due to a larger harvest of rice and a record crop of pulses.

India to clock GDP growth of 7.7%

India’s GDP is expected to grow by 7.7% in January-March, up from 7.2% in the preceding quarter, says a Nomura report. According to the report, despite the moderation in March, industrial production growth averaged 6.2% in the January-March period. The report further noted that India is expected to witness cyclical recovery led by both investment and consumption.

Industrial output growth at 4.4%

13 : Industrial output grew by 4.4% in March, the slowest in five months, due to a fall in capital goods production and deceleration in mining activity. Industrial growth measured by the Index of Industrial Production in 2017-18 too decelerated to 4.3% from 4.6% in the previous fiscal. The IIP grew by 4.4% in March 2017, the same as in March 2018 according to Central Statistics Office.

Tea industry records highest ever production

Achieving a historic feat, the Indian tea industry has recorded the highest ever production of 1,325.05 million kg as well as the export of 256.57 million kg during 2017-18. Total tea production in 2017-18 went up by 74.56 million kg or 5.96%, as compared to the corresponding figure in 2016-17. Growth in exports was majorly driven by 5 countries – Egypt, Iran, Pakistan, China & Russia.

Centre allows private poppy cultivation

The Centre has taken the first step towards privatisation of poppy cultivation and extraction of opium. Opium is the source of alkaloids such as morphine, codeine and the baine, used in anti-addiction therapies and medicines that treat extreme pain, such as in cancer patients. Opium production in India is highly controlled & farmers sell their produce to the government.

NITI & ITC to transform agriculture sector

27 : NITI Aayog and ITC will collaborate in the area of agriculture and allied sectors in order to strengthen farming systems.The partnership is for a period of four years till April 2022 .The prime objective is to increase net returns from farming through reduction in costs of production and increasing productivity of major crops in each of the identified district.

Dedicated defence, aerospace SME fund

Department of Defence Production announced the creation of a dedicated defence and aerospace small and medium enterprises (SME) fund.This fund would help channelise investments into the two defence corridors announced by the Government in Tamil Nadu and Uttar Pradesh. The fund is registered with the Securities and Exchange Board of India where a minority stake could be taken by investors.

India’s first blockchain implemented

The platforms—RXIL, A.TReDS and M1xchange—approved by the RBI had been set up to bring together buyers, sellers and financiers for discounting the MSME invoices and provide them with timely funding.This is billed as India’s first live blockchain implementation in the enterprise financial segment.US-based MonetaGo has designed and implemented the production solution.

Kakkar takes charge as ONGC Offshore Director

Rajesh Kakkar has taken over charge of Director (Offshore) of Oil and Natural Gas Corporation.He will look after oil & gas production from ONGC’s offshore fields that contribute 70% & 78% of ONGC’s domestic crude oil & gas production respectively. Kakkar has more than 3 and a half decades of experience in the various aspects of operations and management in both offshore and onshore fields.

Gobardhan Yojana launched to support farmers

Haryana launched the ‘Gobardhan Yojana’ to provide organic manure and cow urine with an aim to benefit farmers, CM Manohar Lal Khattar said.A provision of Rs 11 crore has been made to provide benefits of various projects under this scheme.The Yojana would help in doubling the income of farmers and next time, the MSP would be given with additional benefit of 50% over the cost of production.

India leads in global milk production

Union Agriculture Minister Radha Mohan Singh said during the past 3 years, India has outpaced the global milk production with an annual growth rate of 5.53% compared with the 2.09% achieved globally.India has been the largest producer of milk in the world for the past 15 years.Milk production, which was around 17-22 million tonnes in the 1960s, has increased to 163.7 m tonnes in 2016-17

Record production of Horticulture crops

The production of horticulture crops has been more than food grains irrespective of adverse climatic conditions.After China, India is the second largest producer of horticultural crops and fruits.More than 9 crore metric ton of fruits on 63 lakhs hectare land were produced during 2015-16.Horticulture is the science and art of growing fruits, vegetables, flowers, and any other cultivar.

Punjab bans production, use of ‘manjha’

Punjab has imposed a complete ban on manufacturing, sale, production, storage, supply, and usage of the kite-flying thread made out of nylon, plastic or any other synthetic material including the Chinese ‘manjha’ in the state.It has been observed that synthetic manjha has an adverse effect on humans, cattle population, birds, soil and ecology.One can fly kites only using a cotton thread.

WPI Inflation at 8-month High

Inflation based on the Wholesale Price Index accelerated to an 8-month high of 3.93% in November, from 3.59% in October.Retail inflation unexpectedly jumped to a 15-month high of 4.88% in November, and industrial production slowed to 2.2% in October.WPI is the price of a representative basket of wholesale goods. Some countries use WPI changes as a central measure of inflation.

Ajay Kumar appointed secretary

1 : Ajay Kumar has been appointed as secretary in Department of Defence Production as part of a top-level minor bureaucratic reshuffle.He is a 1985-batch IAS officer of Kerala cadre. He is at present additional secretary in Ministry of Electronics and Information Technology.He has been appointed secretary of Department of Defence Production with effect from December 1, 2017.

2nd largest Fish Producing Country: India

Combining the production of all types of fisheries (capture and culture), the total fish production has reached about 11.41 million tonnes in 2016-17. By this India has become the second largest fish producing country in the world. Due to scheme ‘Blue Revolution’ overall fish production has registered an increase of about 18.86% in comparison to the last three years.

A coffee table book on the DDP released

Nirmala Sitharaman released a coffee table book on the Department of Defence Production, titled ‘A journey towards self-reliance’. A journey towards self-reliance is the first ever coffee table book on DDP. It narrates the post-independence years of development, production of arms, ammunition and defence equipment, with a view to achieve self-reliance for the Armed Forces of India.

12% growth in seafood export

The Marine Products Export Development Authority is looking at a 10-12 percent growth in seafood exports in the current fiscal. According to Mpeda, seafood exports in 2016-17 reached a record $5.8 billion. Mpeda has formed 600 farmer clusters across the country under the National Centre for Sustainable Aquaculture. These clusters help the agency to export quality marine products.

First US crude oil shipment arrives

The first US crude oil cargo of 1.6 million barrels bought by Indian Oil Corporation from the US reached Paradip Port. India, world’s 3rd-largest oil importer, joins Asian countries like South Korea, Japan and China to buy US crude after production cuts by OPEC drove up prices of Middle East heavy-sour crude. Indian Oil is the first Indian public sector refiner to source US crude.

BDL to supply MRSA Missiles

Bharat Dynamics Limited, a defence PSU has a signed contract with Research Centre Imarat for supply of Medium Range Surface-to- Air Missiles to Indian Army. The contract has been signed for production, deliveries and product support of MRSAM system for the Indian Army. Bharat Dynamics is one of India’s leading manufacturer of ammunitions and missile systems.

M&M enters into alliance with Ford

Mahindra & Mahindra has entered into a strategic alliance with Ford Motor to explore cooperation in the sphere of products, technologies and electrification of cars amongst other areas. Both companies will collaborate and work together for a period of up to three years. The tie-up could facilitate Mahindra’s expansion into other global emerging markets.

World’s most expensive coffee

India, Asia’s 3rd-largest producer & exporter of coffee, has started producing world’s most expensive coffee, in Coorg district of Karnataka. The Civet coffee, also called as Luwark coffee, is expensive because of uncommon method of producing such a coffee. It is produced from the coffee beans digested by civet cat. The feces of this cat are collected, processed and sold.

US starts probe into steel flanges

US Department of Commerce has began an investigation into possible dumping & subsidization of stainless steel flanges from China & India. In 2016 imports of stainless steel flanges from China & India were valued at an estimated $16.3 million & $32.1 million, respectively. Probe followed petitions by 2 privately held companies, Core Pipe Products Inc of Illinois & Maass Flange Corp of Texas.

HCL acquires Datawave

HCL Technologies has announced an acquisition of Datawave to accelerate data integration & migration for their clients. The flagship product Datawave won the Informatica Innovation Award, is extendable to other platforms, including big data. Datawave has created an innovative data automation platform which enables enterprise customers execute complex data–migration in a faster & smarter way.

France to ban oil and gas production

France’s govt is unveiling a law to ban all production & exploration of oil & natural gas by 2040 on its mainland & overseas territories. Ban is part of a larger plan to wean country’s economy from fossil fuels, to encourage clean energy & fulfill France’s commitment under the Paris Climate Agreement. France’s oil & gas production represents just 1% of national consumption the rest is imported

SBI’s Intelligent Chatbot

SBI is currently beta-testing its intelligent assistant called SIA – SBI Intelligent Assistant. SIA is a chatbot which is aimed at handling customer queries & help guide them through various retail products & services offered by SBI. Chatbot has been developed by Allincall, a startup backed by IIT B. It makes use of machine learning & bot experience to be able to respond to customer queries.

Campaign to Promote Indian GIs

The Cell for IPR Promotions and Management has launched a social media campaign to promote Indian Geographical Indications with “#LetsTalkIP”. The initiative aims to make more people aware about the importance of Intellectual property rights. GI is a sign used on products that have a specific geographical origin & possess qualities or a reputation that are due to that origin.

GDP growth hits three-year low of 5.7%

The economic growth of India slipped to a 3 year low of 5.7% in April-June as disruptions caused by demonetization spilled over to the third straight quarter. According to the government data, the GDP had expanded by 6.1 per cent in the preceding quarter. With this, India lagged China in terms of growth in gross domestic product for the second consecutive quarter.

Arun Jaitley hands over missile to Navy

Defence Minister Arun Jaitley handed over the Long-Range Surface-to-Air Missile jointly developed by India and Israel, to the Indian Navy, at Bharat Dynamics Ltd here. LRSAM is an advanced combat suit for missile defence against air targets and missiles. Public sector BDL is the missile production agency for the three armed forces.

Manufacture of light combat helicopter

Defence Minister Arun Jaitley announced the launch of production of Hindustan Aeronautics Limited designed 5.8-tonne category Light Combat Helicopter in Bengaluru. HAL has custom-designed the LCH to provide fire support to the army at mountainous deployment areas on northern borders. Jaitley also dedicated the company’s role changer design upgrade programme of Hawk-I to the nation.

New policy to promote Khadi

The Yogi Adityanath-led Uttar Pradesh government will implement a new policy to promote Khadi in the state. There are plans to implement this new Khadi policy from April 2018. Under this new policy, a subsidy of 15%, instead of 10%, would be given on Khadi products. As of now, only Gujarat has this kind of policy for Khadi.

IIP shrinks 0.1% in June 2017

Factory output fell to a four-year low and contracted by 0.1% in June with poor performance of manufacturing and mining sectors. In contrast, IIP grew by a healthy eight per cent in June 2016. For May, IIP growth has been revised upwards to 2.8%. This is the lowest growth since June 2013 when the Index of Industrial Production (IIP) contracted by 1%.

Govt inks MoA to set up IRRI

Agriculture Ministry has signed a MoA for setting up a regional centre of global rice research institute IRRI in Varanasi, to develop high- yielding rice varieties. This will be 1st international centre in eastern India & will play a major role in sustaining rice production in the region. IRRI is known for its work in developing rice varieties that contributed to green revolution in 1960s.

Shakuntala Barua gets Mahanayak Samman

West Bengal Chief Minister Mamata Banerjee conferred this year’s ‘Mahanayak Samman 2017’ to veteran actress Shakuntala Barua. She was awarded for her contribution to the world of cinema. Suparnokanti Karati for Bisarjan film and Shiboprasad Mukhopadhyay of Windows Productions for Praktan film were also among the awardees for Best Film and Best Producer categories.

Natarajan as MD of India operations

Adobe Systems has appointed Shanmugh Natarajan as the managing director for Adobe Systems in India. Natarajan, who was formerly the executive director, will continue to lead Adobe operations in India, in addition to his ongoing responsibility as vice president. Natarajan has been instrumental in leading product development of products like Adobe Illustrator, InDesign & Lightroom.

New IIP, WPI series introduced

The new-look index of industrial production and the wholesale price index, which were declared on May 12. The series has been revised after eight years. Calculated in accordance with the new series, while the IIP rose 2.7% in March, against 1.9% in February, the WPI inflation rate declined to a four-month low of 3.85%in April, against 5.29% in the previous month.

PM Modi to visit Sri Lanka on May 11

Prime Minister Narendra Modi will travel to Sri Lanka on May 11 to attend the biggest Buddhist festival, ‘Vesak Day’. Vesak, the most important day in the Buddhist calendar, marks commemoration of Lord Buddha’s birth, enlightenment and passing away. Modi is also likely to visit Kandy in the Central Province which is famous for production of Ceylon Tea.

Kit to detect adulterated milk, oil

The Food Safety and Standards Authority of India (FSSAI) said that it has developed a rapid test kit to check quality of milk and edible oils. Union Food and Consumer Affairs Minister Ram Vilas Paswan urged the FSSAI to come up with test kits for Rs 10-12 for customers to use it to check adulteration. One test kit cannot be used for all products and it poses a challenge.

Himachal bags Krishi Karman Award

15 : The Union Ministry of Agriculture has selected Himachal Pradesh for the Krishi Karman Award 2015-16 for commendable increase in food grains production. The state was also conferred the Krishi Karman Award for 2011-12 for increase in wheat production and in 2014-15 for increasing food grains production. The awards are given to Best performer States for raising country’s food grain production.

1st Country to Fully Legalize Marijuana

Uruguay is set to be the 1st country in the world to fully allow the production,sale and consumption of marijuana when its pharmacies will be allowed to sell marijuana. Uruguay legalized the cultivation, distribution and consumption in 2013 but the rollout has been slow. The authorization for pharmacies to sell marijuana was initially expected by the end of 2014, but was delayed many times.

India: Second largest steel producer

India is poised to dislodge Japan to become the world’s second-largest steelmaker. By 2022, India will pump out 146 mt to Japan’s 118 mt. India’s Output will rise from 103 million tonnes (mt) this year to 110 mt in 2018, and 118 mt by 2019. While Indian production is set to surge, its output will remain dwarfed by China, the world’s biggest producer.

Sugarcane to power future cars

Sugarcane can be genetically engineered to produce oil in its leaves and stems for biodiesel production. The modified sugarcane plants also produce more sugar, which could be used for ethanol production. The dual-purpose bioenergy crops are predicted to be more than five times more profitable per acre than soybeans and two times more profitable than corn.

Fire at Jabalpur ordnance factory

A series of loud explosions and a massive fire in the Ordnance Factory at Khamaria in Jabalpur caused scare among people on March 25. Ordnance Factories Board consisting of the Indian Ordnance Factories is an industrial organisation, functioning under the Department of Defence Production of Ministry of Defence, GOI. OFB is the world’s largest government-operated production organisation.

Scientists Improves Photosynthesis

Scientists have improved the photosynthesis,most important biological process on the planet. The breakthrough, published in the journal Science used genetic modification to increase the amount of sunlight energy crop plants can channel into food production. That increased the yield in the experimental crop by 15%. Researchers say this is a critical step towards increasing crop production.

New plant to produce Amma Salt

The Mariyur – Valinakkam salt complex of the Tamil Nadu Salt Corporation (TNSC), a State owned enterprise, has established a plant to make three varieties of Amma Salt, launched by Chief Minister J. Jayalalithaa. The plant, established with an investment of about 50 lakh, is being operated with a capacity to produce about 250 tonns of the three varities a day. It provides additional employment opportunities  to 250 people, mostly women from nearby villages. The plant produced Refined Free Flow Iodised salt, Double Fortified Salt and Low Sodium Salt. The TNSC has priced the three varieties at 6, 10 and 17 a kg. and they were sold in the open market at 10, 14, and ` 21 respectively.

Tirupur exporters sign tie-ups

Apparel exporters from Tirupur Knitwear cluster have forged business links with 20 buyers from Nordic countries (Denmark, Finland, Norway Sweden and Iceland) for exclusively supplying eco-friendly apparel products. This was following the trade exploration visit made by a Tirupur delegation to the Nordic region under the facilitation of Danish Federation of Small and Medium Enterprises from June 10 to 14. “Forging business tie-ups with the 20 buyers from Nordic countries is a significant market expansion initiative for Tirupur cluster into the niche segment of eco-labelled garments as such products made in green production environment are going to hold sizeable market share in the future”, T.R. Vijayakumar, a prominent exporter who was part of the delegation.

Robust agriculture pushes up T.N.’s growth against all odds

Reversing the negative growth rate in agriculture during 2012-13, Tamil Nadu clocked an impressive growth of 7.93 per cent in the primary sector in the recently-concluded financial year of 2013-14, with a record harvest of foodgrains of about 103 lakh tonnes. The state’s overall growth rate for the year was 6.13 per cent against 4.14 per cent the previous year, with ‘services’ growing at 8.26 per cent and Industry registering a lower rate of 1.16 per cent. Compared to the country’s overall growht rate, the state has done better, scoring 1.2 percentage points higher.

ICF to make more Germen-tech coaches

Production of Links Hofman Busch (LHB) Coaches, manufactured with German assistance, will increased at Integral Coach Factory in the coming years. The Caoches are used on the double-decker express train between Chennai and Bangalore, and in the future, they will be seen in other long-distance trains too. Last financial year, the 59 year-old factory rolled out 25 coaches. ICF set a target of 100 LHB coaches for the current financial year and 300 for 2015-16.

Hindustan Motor halts the production

Hindustan Motors halts the production of India’s iconic car, Ambassador. It was the first car to be made in India.

Production of new generation tank Wagons over

Engaged in a slew of activities, the Golden Rock Railway Workshop, Trichi has completed mass production of 50 new generation special type tank wagons meant for transportation of petroleum products. The over 85-year-old Trichy workshop is the only railway workshop to produce the new generation Bogie Frameless Tank (BTFLT) wagons which are in line with the design of Ukranian tank wagons.

Inflation slips – Onions and potatoes ease

Inflation slips to a nine-month low at 4.68 percent in February 2014, as prices of onions and potatoes ease.

Highest food-grain production in the country

The Union Agriculture Ministry gives the estimate of 263.20 million tonnes of food-grain production this year, which is the highest ever food-grain production in the country.

Ooty fete raises aroma of hope

The three day tea and tourism festival begins at Udhayagamandalam today. However, stakeholders wonder when it will contribute to any improvement in both the sectors. Some of the stake holders told that the objective of the festival launched with much fanfare at Coonoor about two decades ago, was to boost these sectors. But that was yet to happen. When the first edition of the festival was organised, it was then announced that the objective was to popularize the Nilgiri tea worldwide and also this vocation destinction among those in the hospitality and travel trades within the country and abroad.

BASF catalysts to expand Chennai unit

BASF catalysts India Pvt. Ltd. is going in for an expansion of its mobile emissions catalysts production capacity. As part of the plan, it will construct a new 47,000 sq.m. facility. This will come up in Mahindra World City near Chennai. Also, the company is planning to shift the existing operational unit at Maraimalai Nagar near Chennai to the new site once it goes functional.

Production of dry infant formula

A first-ever study identifies two compounds derived from garlic – diallyl sulfide and ajoene – that significantly reduce the contamination risk of Cronobacter sakazakii in the production of dry infant formula.

China’s International Air space – Japan claimed

China sets up an air defence zone, covering the international airspace over parts of the disputed East China Sea, including chain of island Senkaku, which are also claimed by Japan.

Revamp process on at Coal India

Coal India Ltd. is under restructuring process, and plans to improve production by enhancing mining development operator (MDO) mode in consultation with the planning commission and the Finance Ministry, Coal Secretary S.K. Srivastava said. CIL was coordinating with the Ministry of Environment and Forests and state govts to resolve the issue of clearances. He said 14 coal blocks had been awarded to central and state uitlities, totalling 159 million tonnes to fuel 30,000 Mw of power.

India’s industrial production growth

Reports show that India’s industrial production registered a growth of 2.6 percent in July 2013 after staying in negative territory for a couple of months.

World most important crops

Scientists sequenced the genome (the complete set of genetic material of an organism) of the oil palm, one of the world’s most important crops.

Contour of defence relationship of Japan and India

Japan and India have broken new ground by discussing the contours of a defence relationship, which will include joint development and production of defence equipment.

Foodgrain godowns’ storage capacity to go up

The storage capacity of foodgrain godowns in the state will be increased, and the universal public distribution system streamlined. “At present storage capacity of the civil supplies corporation is 6.68 lakh tonnes. As food production is increasing 47 modern godowns with a capacity of 4.33 lakh tonnes will be constructed at   500 crore. Similarly, 15 godowns with a capacity of 1.25 lakh tonnes would be constructed through the Tamil Nadu Warehousing Corporation. This would increase its storage capacity to 7.58 lakh tonnes.

Farmer gets award for cultivation feat

At a time when paddy cultivation is no longer considered lucrative and farm lands are being converted into housing plots, P. Solaimalai, a farmer from Madurai, has achieved a rare feat by producing 8,272 kg. paddy per acre against the normal production of about 3,800 kg. per acre. He achieved it by using the system of Rice Intensification (SRI) for cultivation. Mr. Solaimalai received a special award from the Agriculture Department on the occasion of Republic Day for setting the highest yield under SRI. He is the first farmer to receive the award, which carries    5 lakh and a gold medal worth of    3,500.

Indian tea production

Data released by the Union Commerce Ministry reveals that propelled by small tea growers, the Indian tea industry has breached the one-billion-kg mark in production.

Union Cabinet clears National Policy on Electronics 2012

The Union Cabinet clears the National Policy on Electronics 2012, which aims to make the domestic electronic hardware manufacturing segment a $400-billion industry by the year 2020.

Mining Proposal near tiger reserve raises serious questions

The Ministry of Environment and Forests (MoEF) has posed this question to the T.N. Minerals Ltd. while considering a proposal for mining colour granite deposits at Koondankulam village in Ambasamudram taluk of Tirunelveli district. For the present, the MoEF has deferred a decision on the proposal for opening a new mine for production of 5000 cubic metres per annum of colour granite in an area of 22.50 hectares.

Central Govt. clears proposals worth 8,000 crore for Invar missiles

The Central Government clears proposals worth   8,000 crore for procuring 10,000 Invar missiles from Russia for the Army’s T-90 tanks and over 200 air-launched versions of the BrahMos supersonic cruise missile for the IAF.

Seeking to step up pulses production

Seeking to step up pulses production, the Centre launches a special programme to achieve a production target of more than 19 million tonnes during the current season. Three crops will be covered under this programme – pigeon pea (arhar), green gram (moong) and black gram (Urad).