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State wise port led development projects being / to be implemented
Jun 06,2016

GUJARAT - Rs.54,856 cr

Port Modernization

ProjectsInvestment ( INR Cr)1

LPG Import Terminal at Kandla


LNG Import Terminal at Mundra


Dredging of the common channel of Magdalla and Sewagram


Mechanisation of Barge Unloading Facility at Kandla


Development  of Tuna Tekra Container Terminal at Kandla


Development of Tuna Tekra Additonal Bulk Terminal at Kandla


Mechanisation of Fertiliser Handling Facility at Kandla


Mechanisation of Food Grains Handling Facility at Kandla




Port-led Industrialization


( INR Cr)


Petrochemical cluster in Gujarat


Development of an export based apparel cluster in Saurashtra


Cement Cluster in Gujarat


Maritime cluster in Saurashtra


Development of marble based furniture hub in Kutch


Auto cluster in Sanand




Port Connectivity

ProjectsInvestment ( INR Cr)1

Expansion of Salaya Mathura Pipeline


Expressway from Sarkhej ( Ahmedabad) to Mundra


Expressway from Sarkhej ( Ahmedabad) to Pipavav


Connection of Western DFC to Hazira


Connection of Western DFC to Pipavav


Connection of Western DFC to Mundra


Providing alternative Road from Bhavnagar to Sosiya-Alang Ship Recycling Yarad


RoB on Kandla-Kutch Road


Product pipeline from Jamnagar to Mundra




Coastal Community Development

ProjectsInvestment ( INR Cr)1

Development of Gujarat Maritime University


Ro-Pax Ferry Services between Gogha and Dahej in Gulf of Cambay





ASSOCHAM hails India growth story; time to make growth job -oriented, sustainable
Jun 06,2016

Hailing Indias emergence as the fastest growing major economy in the world with the GDP expanding by 7.6 per cent, ASSOCHAM President Mr Sunil Kanoria said it was time to build on the gains and bolster private investment which will be a big catalyst for job creation and achieving the ultimate objective of sustainable growth.

n++At 7.6%, Indias GDP growth rate for FY16 is at a 5-year high. This is good news and firmly puts India as the worlds fastest growing major economy. However, the sustainability of this growth momentum will certainly depend on how well and how fast government can help revive the investment, especially in the private sectorn++ the ASSOCHAM President said.

Mr Kanoria, who is also the Vice Chairman of Srei Infrastructure Finance, said the government focus on investing in the physical and social infrastructure did have a decisive impact on the GDP growth. However, it is the large scale private investment which would bring in vibrancy in the economy which has the potential to grow well over eight per cent within the current financial year itself. n++ But for that to happen, an all - out efforts must be made by the Finance Ministry, Reserve Bank of India to work closely with the banks to resolve the problem of the large scale non-performing assets, taking a pragmatic view of the difficult situations that the corporates across different sectors like steel , power and construction , have run inton++.

He said, once the private investment picks up, that would be reflected in the better ratio of the Gross Fixed Capital Formation (GFCF) to GDP. This ratio has been shrinking for the fourth successive year, while our GDP continues to grow.

n++The success of the Make in India initiative hinges on some key reforms. In this context, introducing the Bankruptcy Code and getting it passed by both the Houses of the Parliament is a big step forward. Now we need its quick implementation as that would help resuscitate a lot of stuck projects and unlock capital. The government also needs to expedite the rolling out of the Goods & Services Tax (GST) by building political consensus. This is something which will greatly help in improving the investment climate. It would also send out a very strong signal to the foreign investors establishing this governments pro-reform credentialsn++ remarked Mr. Kanoria.

n++The pick-up in agricultural growth is a very positive development. Hopefully a good monsoon this year coupled with the steps announced in the Union Budget for rural development will provide a further spurt to the rural economy. Improving the irrigation network and mechanization of agriculture should figure high on governments agenda. At the same time, Centre must collaborate with state governments to improve the ease of doing business so that more entrepreneurs can be groomed. For a country like ours where almost a million gets added to the workforce every month, creation of job creators is imperativen++ concluded Mr. Kanoria.

The ASSOCHAM President said at a time when the global demand is at a new low and risks like possible exit of Britain from the EU, known as the Brexit and likelihood of the US Federal Reserve raising the interest rates, loom large, domestic reforms in the agriculture sector, taxation and nursing back the bank.

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104 Villages Electrified Last Week ; 8,095 Villages Electrified Till Date Under DDUGJY
Jun 06,2016

104 villages have been electrified across the country during last week (from 30th May to 5th June 2016) under Deen Dayal Upadhyaya Gram Jyoti Yojna (DDUGJY). Out of these electrified villages, 7 villages belong to Arunachal Pradesh , 17 in Assam, 23 in Jharkhand, 6 in Rajasthan,8 in Madhya Pradesh , 13 in Bihar, 3 in Chhattisgarh, and 27 in Meghalaya .

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Allocation of Domestic Natural Gas to APGDC for CGD operations in East Godavari & West Godavari districts of Andhra Pradesh
Jun 06,2016

The Ministry of Petroleum & Natural Gas (MoPNG) has approved the allocation of 3,000 SCMD domestic natural gas to Andhra Pradesh Gas Distribution Corporation (APGDC) for East Godavari and West Godavari Geographical Areas. This decision would enable APGDC to start regular CNG sale from its recently commissioned CNG station in Kovvur, and thus bring West Godavari district on the CGD map of the country. The allocation of domestic gas for CGD activities has been a long-standing demand put forth by the Chief Minister of Andhra Pradesh and APGDC.

MoPNG has been aggressively pursuing the rollout of CGD networks across the country so as to maximize the reach of CNG for transport and PNG for domestic households. Under the Governments policy, domestic natural gas is allocated on a high priority basis to CGD entities in order to fully meet their requirements of CNG (transport) and PNG (domestic).

APGDC is a Joint Venture company promoted by GAIL Gas Limited (a wholly owned subsidiary of GAIL (India) Ltd., a Central Public Sector Enterprise) and APGIC, an Andhra Pradesh State Government Public Sector Enterprise, with the objective of pursuing CGD and other gas-related business activities in the state of Andhra Pradesh. APGDC, in consortium with HPCL, was awarded the PNGRB authorization in 2015 for laying and operating CGD networks in the Geographical Areas of East Godavari and West Godavari districts of Andhra Pradesh.

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Unified Guidelines for LPG Distributorships issued
Jun 06,2016

The Ministry of Petroleum and Natural Gas (MoPNG) is committed to provide clean fuel to all households in the country with key focus on rural and difficult areas. In this endeavor, strengthening supply chain of LPG distribution is one of the key initiatives of the Ministry. In this direction, after an elaborate and comprehensive review of the existing distributorship selection policies, a new set of Guidelines have been finalised with the objective of strengthening LPG supply chain with focus on rural areas and creating job opportunities through supply chain system. Union Minister of State (I/C) Petroleum and Natural Gas Shri Dharmendra Pradhan today unveiled the guidelines. Key features of the Unified Guidelines for Selection of LPG distributorships are:-

n++n++ Four broad types of distributorships with varying refill ceiling limits- Sheheri, Rurban, Gramin and Durgam Vitrak.

n++n++ Eligibility norms for age, education, fund requirement and ownership of land for godown & showroom have been relaxed to make selection process more participative.

n++n++ 33% reservation to women across all categories has been introduced to encourage women entrepreneurship. 3% reservation for Divyang candidates.

n++n++ As a part of Governmentn++n++s Digital India campaign, Online filing, processing and selection has been introduced for Sheheri distributorships on a pilot basis.

n++n++ To take care of interest of Defence personnel and their dependents, inter-se priority in selection under Government Personnel category has been introduced.

n++n++ Monetary norms for security deposit have been relaxed for the selected candidates belonging to SC/ST and OBCs.

n++n++ In order to address the issue of last mile reach of LPG in difficult areas, LPG Suvidha Kendra facility will be introduced for improving delivery of services.

n++n++ LPG distributorships would be set up in active collaboration with the State Government agencies to strengthen the supply chain in Durgam areas.

Unified Guidelines will pave the way for a more broadbased, participative and transparent system of selection of distributors across the country. In this year, the Oil Marketing Companies will start the process for selection of new distributors in 10,000 new locations. Setting up of these new distributorships will give a tremendous boost to the rural employment opportunities.

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ADB and Government of India Sign $200 Million Loan Agreement to Help Upgrade 176 Km of State Roads in State of Jharkhand
Jun 06,2016

The Asian Development Bank (ADB) and the Government of India signed an agreement for $200 million new loan to upgrade 176 Kilometers of State roads in State of Jharkhand. The financing for the Jharkhand State roads II Project will upgrade existing sections of four State roads to two lane standard and will also support improvements in the design, safety and maintenance of the network.

Speaking on the occasion, Mr Raj Kumar. Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, who signed the agreement on behalf of Government of India said that for achieving faster growth, Jharkhand needs to improve mobility through better roads. Besides upgrading 176 km of roads, the project will help the State develop an international standard road safety master plan for promoting road safety in Jharkhand, he added. He further said that this will enhance the States ability to systematically identify, analyze, develop and prioritize critical road safety measures, which will benefit all road users.

Ms M. Teresa Kho, Country Director of ADBs India Resident Mission, who signed the agreement on behalf of ADB, said that ADB has been supporting the States goals of improving its road connectivity by providing an initial loan for upgrading 311 km of State Roads in 2009. She said that the new assistance will continue the ongoing physical upgrades as well as increasing the institutional capacity of the State Highways Authority of Jharkhand (SHAJ) as an autonomous road development agency. Together, the two projects are rehabilitating 487 km of state highways, she concluded.

Ms. Raj Bala Verma, Chief Secretary, Government of Jharkhand also attended the Loan ceremony and spoke about the importance of the project for the State.

Several safety and environmentally friendly features included in the project design, include over 60 bus stop shelters; 50 km of raised sidewalks in urban areas; 4 km of dedicated bicycle lanes; and solar-powered street lights. The project will also generate employment opportunities for residents of the adjoining areas, including for women, who will get a share of a least 20% of jobs for afforestation work alongside the upgraded roads.

The total cost of the project, due to be completed by December 2019, is $306.25 million. In addition to ADBs loan, the State Government of Jharkhand will provide counterpart assistance equivalent to $106.25 million.

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Storage status of 91 major reservoirs of the country was 26.611 BCM as on June 02, 2016
Jun 03,2016

The water storage available in 91 major reservoirs of the country for the week ending on June 02, 2016 was 26.611 BCM which is 17% of total storage capacity of these reservoirs. This was 60% of the storage of corresponding period of last year and 83% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.



The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are 6 reservoirs under CWC monitoring having total live storage capacity of 18.01 BCM. As per Reservoir Storage Bulletin dated 02 May 2016, the total live storage available in these reservoirs is 3.95 BCM which is 22% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 42% and average storage of last ten years during corresponding period was 29% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.


The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 4.09 BCM which is 22% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 34% and average storage of last ten years during corresponding period was 19% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is better than the average storage of last ten years during the corresponding period.


The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 3.50 BCM which is 13% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 22% and average storage of last ten years during corresponding period was 24% of live storage capacity of these reservoirs. Thus, storage during current year is less than the storage of last year and is also less than the average storage of last ten years during the corresponding period.


The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 9.35 BCM which is 22% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 32% and average storage of last ten years during corresponding period was 17% of live storage capacity of these reservoirs. Thus, storage during current year is less than the storage of last year but is better than the average storage of last ten years during the corresponding period.


The Southern region includes States of Andhra Pradesh, Telangana, AP&TG (Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 5.33 BCM which is 10% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 22% and average storage of last ten years during corresponding period was 19% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Tripura, Rajasthan and Andhra Pradesh. States having lesser storage than last year for corresponding period are Himachal Pradesh, AP&TG (Two combined project in both states), Punjab, West Bengal, Jharkhand, Odisha, W.Bengal, Gujarat, Maharashtra, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Chhattisgarh, Telangana, Tamil Nadu, Karnataka and Kerala

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CPWD gives up old construction methods; shifts to efficient, green construction technology
Jun 03,2016

Governments construction major, the Central Public Works Department (CPWD) will henceforth, adopt modern Monolithic construction technology for all major projects of Rs.100 cr and above each, abandoning traditional methods of construction which are marked by several disadvantages.

Monolithic construction, being followed in countries like the US, UK, Russia, Germany and some other European countries, China, Singapore and Malaysia enables column free and integrated timber and brick free construction of walls and roofs. This reduces the construction completion cycle from 3 weeks per floor under traditional load bearing and Reinforced Cement Concrete methods to less than a week.

Minister of Urban Development Shri M.Venkaiah Naidu approved the technology shift by CPWD in the context of rising concerns over dust pollution, recommendation of the Standing Committee on Urban Development and observations of National Green Tribunal and the Supreme Court over the alarming levels of Air and Noise Pollution in Delhi and other major cities of the country. This comes as a part of the Reform Agenda for CPWD set by the Ministry.

Benefits of Monolithic construction technology which is suited for large housing projects and office complexes include; cost saving due to reduced construction time, much lesser air and noise pollution and construction waste, no use of timber, optimum use of water, better finish, durable construction, all weather construction, increased labour productivity etc. Only Ready Mix Concrete (RMC) will be used doing away with the need of moving sand, cement, aggregates, bricks and steel shuttering materials to the construction site.

This technology also furthers the cause of Swachh Bharat Mission by ensuring neat and tidy workplace with minimal environmental pollution and of Skill India Mission with industry taking up skill upgradation activities while enabling Skill, Scale and Speed in large construction works. Monolithic technology is validated by the Building Materials and Technology Promotion Council of the Ministry of Housing & Urban Poverty Alleviation.

Disadvantages of traditional constructions methods include ; air, water and noise pollution, hazardous working conditions at site, inadequate control over quality of construction, work progress subject to weather conditions, longer construction time etc.

Out of the total works executed by CPWD during 2015-16 at a total cost of Rs.4,988 cr, large scale construction projects amounted to a total cost of Rs.2,301 cr.

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Dr Jitendra Singh directs targeted approach for Seeding of Aadhaar numbers in Pensioners Accounts
Jun 03,2016

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS (IC) for Youth Affairs and Sports, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has directed that priority should be given to pensioners visiting the bank branches for seeding Aadhaar number in their bank account. Dr. Jitendra Singh said Pensioners can approach their paying branches with the PPO, Aadhaar card and bank pass book for trouble-free seeding.

Special AADHAAR Seeding Camps are being held from May 30, 2016 to June 10, 2016. These camps are being organised all over the country in Pension disbursing banks and their branches. Dr. Jitendra Singh said that it is hoped that a large number of Pensioners will be able to benefit from these camps. So as to reach the pensioners and family pensioners located in the remotest corners of the country, this event will be publicised through radio jingles, hand bills, local cable TV network etc., he added

Various steps are being taken by the Government and Pension Disbursing Banks to sensitize Pensioners and Bank Branches and to link up Aadhaar number, PPO number and Bank Account Number so that all Pensioners can avail of the Jeevan Pramaan facility.

Dr. Jitendra Singh said, in case the Pensioners do not have an Aadhaar number they can avail of the special facilities set up for this purpose in the bank premises.

Jeevan Pramaan is an initiative launched by the Department of Pension & Pensioners Welfare, especially for the benefit of the aged and infirm Pensioners/Family Pensioners. Under the scheme Digital Life Certificates can be submitted by Pensioners from personal computers and laptops at home or by visiting a conveniently located Common Service Centre or the nearest branch of any Pension Disbursing Bank. Submission of Digital Life Certificate also ensures authenticity of Pension Payments. So far, more than 15 lakh Digital Life Certificates have been attempted.

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A Memorandum of Understanding (MoU) Signed Between Ministry of Railways and Govt. of Haryana for setting up of JV Company
Jun 03,2016

In the august presence of Union Minister of Railways, Shri Suresh Prabhakar Prabhu and Chief Minister of Haryana Shri Manohar Lal Khattar a Memorandum of Understanding (MoU) for n++Formation of Joint Venture Company for Development of Railway Infrastructure in the Staten++ was signed on 3rd June, 2016. Chairman, Railway Board, Shri A.K. Mital, Addl. Chief Secretary to Govt. of Haryana Shri Hardeep Kumar, and other Board Members, and senior officials from both the sides were also present on the occasion. The MoU was signed by Shri Ved Prakash Dudeja on behalf of Railway Ministry whereas it was signed by Shri Hardeep Kumar, Addl. Chief Secretary on behalf of Govt. of Haryana. The MoU was signed in the context of Railway Ministers Budget Announcement regarding setting up of JV Companies with the State Government for developing railway infrastructure in the States.

Salient Features of MoU : -

n++ In view of the growing demands for railway lines in various states and huge requirement of funds to execute them, Honble Minister for Railways announced in his budget speech regarding setting up of Joint Ventures with states for focused project development, resource mobilization, land acquisition, project implementation and monitoring of critical rail projects.

n++ 17 State Governments consented for formation of Joint Venture Companies in collaboration with the Ministry of Railways for development of rail infrastructure in their respective States. Draft MoUs were sent to these State Governments and discussions were also held with them to clarify various provisions of the MoU.

n++ MoUs have already been signed by the Ministry of Railways with six State Governments viz. Odisha, Maharashtra, Chhattisgarh, Andhra Pradesh, Telangana and Kerala.

n++ Today, MoU is being signed with the State Government of Haryana. This signing of MOU is going to be a stepping stone for formation of JV companies.

n++ The MoU envisages formation of a Joint Venture company having 51% stake of the State Government and 49% stake of Ministry of Railways. Thus, the JV company shall be fully owned by the Government. The company will primarily identify projects and possible financing avenues in addition to Govt. of India and the State Government. After finances for a project are tied up, project specific SPVs or special purpose vehicles shall be formed. These SPVs can have other stake holders from Industries, Central PSUs, State PSUs etc. However, the JV companies shall be mandatory stake holders with minimum 26% shares in the SPVs.

n++ The ministry of Railways will sign a concession agreement of 30 years with the project SPV for safe and sound operation, revenue sharing and providing technical & marketing logistics to the SPV. The revenue sharing shall be based on already established formula being used for inter zonal apportionment of revenue.

n++ The most important aspect of this MoU is that the ownership of the land shall vest with the SPVs which is a departure from previous practice. This will give financial leverage to the company to exploit commercial potential of the land. This is likely to result in making project viable which are otherwise not viable.

n++ At the end of concession period, the railways will have option to take over the assets at a nominal price. This is largely in line with average codal life of the assets as most of the assets will need large scale replacement after 30 years.

n++ Signing of this MoU will be followed by signing of Joint Venture Agreement for which draft has been made ready. JV Agreements are likely to be signed in next week or ten days time.

n++ Indian Railways has been playing a major role in national integration by connecting the remotest places and bringing people closer to each other. Railways receive a large number of demands for network expansion as a railway line acts as an engine of growth for the area it serves.

n++ However, Railways have a large shelf of ongoing New Line, Gauge Conversion and Doubling projects needing about Rs 3.86 lakh crores to complete. We have been trying to meet the aspirations of public within limited availability of funds.

n++ To expedite the projects, Railways have been trying to mobilize resources through other than Gross Budgetary Support. However, on the initiative of Honble Minister for Railways Sh. Suresh Prabhu ji, Indian Railways have tied up funds for critical capacity enhancement project of doubling, third line, electrification etc. This tied up loan will ensure dedicated and assured funding for such critical projects.

n++ Formation of Joint Venture Companies with the State Governments will go a long way in faster commissioning of critical rail infrastructure projects as it will not only help in mobilization of funds but also in facilitating various clearances and land acquisition.

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Gartner Says Worldwide Server Revenue Declined 2.3 Percent in the First Quarter of 2016, While Shipments Increased 1.7 Percent
Jun 03,2016

In the first quarter of 2016, worldwide server revenue declined 2.3 percent year over year, while shipments grew 1.7 percent from the first quarter of 2015, according to Gartner, Inc.

Although revenue declined, the first quarter of 2016 continued with a trend of low-level shipments growth on a global level with a variation in results by region, said Jeffrey Hewitt, research vice president at Gartner. The drop in revenues in light of shipment increases demonstrates that the servers that shipped during the period had lower average selling prices than those that shipped in the same time frame last year.

All regions showed a decline in either shipments and/or vendor revenue except for Asia/Pacific, which posted 9.7 percent growth in revenue and 8.4 percent growth in shipments for the period. Western Europe grew 1.4 percent in shipments and 1.5 percent in revenue. North America posted a 1 percent increase in shipments but declined 5.9 percent year over year in revenue.

The real driver of global growth continues to be the hyperscale data center segment. The enterprise and small or midsize business (SMB) segments remain relatively flat as end users in these segments accommodated their increased application requirements through virtualization and considered cloud alternatives, Mr. Hewitt said.

Hewlett Packard Enterprise (HPE) continued to lead in the worldwide server market, based on revenue, with a 25.2 percent market share (see Table 1). HPE was the only vendor in the top five to experience growth in the first quarter of 2016. Despite a decline of 1.4 percent, Dell maintained the second spot in the market with 17.3 percent market share. IBM secured the third position with 9.7 percent of the market, but experienced the largest decline among the top five vendors.

Table 1
Worldwide: Server Vendor Revenue Estimates, 1Q16 (U.S. Dollars)

Company1Q16 Revenue1Q16 Market Share (%)1Q15 Revenue1Q15 Market Share (%)1Q16-1Q15 Growth (%)HPE3,296,591,96725.23,191,694,94823.83.3Dell2,265,272,25817.32,296,473,02617.1-1.4IBM1,270,901,3719.71,887,939,14114.1-32.7Lenovo871,335,5426.7970,254,6597.2-10.2Cisco850,230,0006.5890,179,9306.6-4.5Others4,537,261,45734.74,157,871,70531.09.1Total13,091,592,596100.013,394,413,410100.0-2.3

In server shipments, HPE remained the worldwide leader in the first quarter of 2016, even with a year-over-year shipment decline of 1.6 percent (see Table 2). HPEs worldwide server shipment share was 19.4 percent, representing a 0.6 percent drop in share from the first quarter of 2015.

Of the top five vendors in server shipments worldwide, only Huawei and Inspur produced shipment increases.

Table 2
Worldwide: Server Vendor Shipments Estimates, 1Q16 (Units)

Company1Q16 Shipments1Q16 Market Share (%)1Q15 Shipments1Q15 Market Share (%)1Q16-1Q15 Growth (%)HPE526,11519.4534,55920.0-1.6Dell464,29217.1507,43319.0-8.5Lenovo199,1897.3220,3798.3-9.6Huawei130,7554.8105,8034.023.6Inspur109,3904.091,8473.419.1Others1,286,09747.41,209,31945.36.3Total2,715,838100.02,669,340100.01.7

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Gartner Says Enterprises Should Create an Industry Vision for Digital Business Success
Jun 03,2016

Enterprises struggling with digital business transformation can most easily pursue digital business by creating a vision for their own industry, according to Gartner, Inc. According to Gartners 2016 CIO Agenda, executives expect that 41 percent of enterprise revenue will come from digital business by 2020, almost double what it was in 2015. Yet, in 2016 many enterprises have not started a digital business transformation.

Enterprises can transform by exploiting business moments or by using digital capabilities to enter or create new markets as Airbnb and Uber have done, said Jorge Lopez, vice president and distinguished analyst at Gartner. However, many enterprises will find it easier to start by creating a vision for digital business for their particular industry. This approach enables the enterprise to tilt the fundamentals of competition in its favor without limiting digital business to narrow sequences of events and committing to a vast building project. Once the enterprise has established its vision, it can more easily tackle business moments or leverage its digital capabilities in new markets.

To take this approach, CIOs who have been put in charge of digital business need to understand what an industry vision for digital business involves.

Broadly speaking, an industry vision shows what business could look like if enterprises use the Internet of Things (IoT) and smart machines to their full potential, explained. Mr. Lopez. For asset-intensive industries, digital technologies can automate operations on a large scale n++ not just individual business processes, but a whole operation end to end. Productivity will leap as smart automation makes better, faster decisions, and produces more at lower cost with fewer assets and fewer stoppages. At the same time, optimized production will usually reduce the enterprises environmental impact.

An industry vision consists of four parts:

1.Concept n++ An industry vision seeks fundamental change that will affect many dimensions of the business and operations. For example, an auto parts manufacturer that enables repair shops to 3D print plastic or composite parts, rather than having to order them and wait for delivery. The manufacturer would not have to buy raw materials, manage suppliers, manufacture the parts and distribute them to wholesalers. The economics of the business would change n++ a lot of costs would disappear. But other challenges would arise, such as creating an accurate digital description of each part and making sure repair shops have the right equipment, process expertise and material to print it.

2.Capabilities n++ The enterprise needs a new set of capabilities to make the digital business work. These capabilities will require expertise that the enterprise doesnt already have. In the above example, the parts maker would have to market the 3D printing service in new way to a new audience, and it would have to provide training to part suppliers on running a 3D printing operation and to maintain a help desk to field any problems the repair shops run into. The enterprise can develop some capabilities in-house (for example, the IT department can create 3D printing files). But it will need to find partners (a 3D printing company and the plastics or metal supplier) to set up the business and may need to acquire companies (perhaps one that runs help desks). Sales and marketing will need innovative contracts.

3.Assets n++ The enterprise needs a different set of assets to execute the business, including people, data and intellectual property (IP). The parts manufacturer will have to beef up its 3D modeling skills, its 3D printing knowledge, set up databases and networks to send the right files speedily, and start a digital marketing program to keep repair shops engaged. The enterprise will need to hire people to do this work. Those people will need good data about the parts and customers, plus analytics tools to analyze the business and operations. Since the new approach gives the enterprise a competitive edge, it must develop and protect its IP n++ a complex challenge since it must collaborate with partners that have their own IP.

4.Research n++ The new digital business is not static; it will expand into new areas. The enterprise will have to maintain a research program designed to add to the business and will need to experiment continually with new digital business possibilities. Those possibilities will require new technologies, so the enterprise will need research partnerships, especially with universities.

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Universal Identity Cards for the Persons with Disabilities to be released soon
Jun 03,2016

The Union Government is ready with Universal Identity cards for the persons with disabilities. All the preparatory work has been done including design of the card by National Institute of Design, Ahmedabad. Very soon these will be passed on to the States for the distribution. State Governments have been asked to gear up themselves to identify the persons with disabilities in their respective states, so that within one and half year all the disabled persons can have universal identity cards. This was stated by the union minister for social justice and empowerment Shri Thaawarchand Gehlot while addressing State social welfare monsters conference. He said that these cards will be linked with the Aadhar card and data will be available online which will ensure transparency. The Universal Identity Cards will help the persons with disabilities to avail all Government schemes and reservation. These Cards will be recognisable by all the States.

Referring various scholarship schemes for the persons with disabilities started by NDA government in 2014-15, Shri Gehlot said that the Union Government is very keen that all deserving students with disabilities are assisted with these scholarships. He urged the State governments to launch a campaign from next academic year to identify such students, to award them scholarships. He said that to avoid any delay and leakages his ministry has adopted DBT channel to pass on the scholarships.

Shri Gehlot said that his ministry has committed to provide skill training to about 25 lakh the persons with disabilities and to arrange finance through NHFDC to economically empower them. He informed that during last 2 years 46000 disabled have been provided skill training and financial support by the corporation for starting their own venture.

Shri Gehlot asked the State Government to take advantage of the scheme for providing assistive devices to the persons with disabilities. He said that his ministry will provide all possible support in this effort. He said during last 2 years, 1850 camps have already been organised and 4,40,000 persons have been benefitted.

Under Sugamya Bharat Abhiyan, States were advised to give approval for the building plan only when it has accessibility provisions for the persons with disabilities as per recently issued NBCC code. He urged State Governments to identify public utility buildings, to carry out access audit and making it disabled friendly.

The minister said that a plan has been prepared to make about 3000 identified Union Government and State Government sites accessible to the persons with disabilities. 650 such sites already have been made accessible for the persons with disabilities.

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Private sector activity sees weakest rise in May 201 6 since last November: Nikkei India Services PMI
Jun 03,2016

Growth of services activity in India softened for the second straight month in May, as new business inflows expanded at the slowest rate since July 2015. Although some firms took on additional staff, the overall pace of job creation was fractional. Input costs rose again, leading to a further increase in prices charged. Although service providers remained optimistic that output will expand in the year ahead, the level of confidence was the lowest recorded since February.

Falling from 53.7 in April to 51.0 in May, the seasonally adjusted Nikkei Services Business Activity Index pointed to a slight expansion in business activity that was the weakest since last November. Output rose in three of the six tracked categories, namely Transport & Storage, Post & Telecommunication and Financial Intermediation. The latter saw the strongest rate of increase.

Manufacturing production growth also eased, which combined with the slowdown in services resulted in a weaker increase in private sector output. The seasonally adjusted Nikkei India Composite PMI Output Index fell to a six-month low of 50.9 in May, from 52.8 in April.

Growth of new work at services firms eased for the second month running in May. Where new business inflows expanded, panellists reported aggressive marketing campaigns. Nonetheless, there were mentions that growth was restricted by increased competition and the assembly elections in some regions. Manufacturing order books increased at a quicker pace that was nonetheless modest.

There was ongoing evidence of spare capacity in the service sector, as unfinished business declined for the fourth successive month. Despite accelerating since April, the rate of backlog depletion was only moderate. Work-in-hand among goods producers also decreased.

Services staffing levels increased in May, following a stagnation in the prior month. But with only 1% of survey participants signalling higher payroll numbers, the overall rate of job creation was fractional. A marginal increase in manufacturing employment was also registered.

Amid reports of higher petrol prices, average cost burdens facing service providers in India rose during May. The latest increase in input prices was the eighth in as many months, but the rate of inflation eased since April and was lower than its long-run average. Conversely, cost inflation at manufacturers accelerated to the fastest since March 2015.

Service providers attempted to improve margins by raising their selling prices again in May. As has been the case throughout the current six-month sequence of inflation, the rate of increase in charges was weaker than for costs. By comparison, factory gate prices increased for the third consecutive month, but at the slowest pace in this sequence.

Services companies expect output to increase over the coming 12 months, but the degree of optimism weakened to the lowest since February. Exactly 15% of firms forecast activity growth, citing favourable government policies, improved marketing strategies, business expansion plans and hopes of better demand conditions.

Commenting on the Indian Services PMI survey data, Pollyanna De Lima, economist at Markit, which compiles the survey, said: Ongoing weakness in manufacturing and services was evident in May, with output growth losing momentum for a second straight month. Overall expansion across the two sectors was the lowest since last November, as was the case for new orders.

Latest PMI numbers raise doubts about the effectiveness of economic and monetary policies. The gloomy growth picture will be a concern to policymakers and will raise the chances of further cuts to interest rates by the RBI. This would be supported by subdued inflationary pressures, with May data pointing to weaker increases in both costs and charges.

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Moodys: Reliance Communications FY2015-16 results can be accommodated in Ba3 ratings; outlook negative
Jun 03,2016

Moodys Investors Service says Reliance Communications Limiteds (RCOM) FY2015-16 results can be accommodated in its Ba3 corporate family rating and senior secured rating. The ratings outlook remains negative.

RCOMs consolidated revenues for Q4 ended March 2016 were up 3.8% year-on-year (YoY) to around INR59 billion; revenues from India operations, -- the largest contributor -- were up 6.5% over the same period. In India, a decline of 8%YoY in voice revenue in 4Q 2016 was offset by a 27% increase on non-voice revenues.

At the same time, RCOMs global operations-- accounting for approximately 19% of total revenues -- reported a 4% decline in revenues in 4Q 2016.

For the full year ended 31 March 2016 (FY2015-16), the company reported broadly stable revenues at INR221 billion, due mainly to its cancellation of licenses in five circles earlier this year.

RCOM reported EBITDA of around INR74 billion, with its EBITDA margin decreasing by 0.4% over the previous year to 33.6%. The decline in EBITDA margin is in line with Moodys expectation, owing to increased contribution of data revenues and higher customer acquisition costs, says Nidhi Dhruv, a Moodys Vice President and Senior Analyst.

Moodys estimates RCOMs adjusted, consolidated debt/EBITDA was around 6.3x for the year ended 31 March 2016, compared to 5.3x last year. This increase in leverage is notably due a INR38 billion increase in reported debt and the inclusion of INR33 billion deferred spectrum liabilities.

Upon the completion of the share swap transaction with Sistema Shyam Teleservices (SSTL unrated), RCOM will have adequate spectrum. However, should the company participate in the upcoming spectrum auctions, its leverage metrics will be further pressured.

RCOM also continues to have a strained liquidity profile, with the company remaining reliant on recurring covenant waivers due to its high leverage. There is also an ongoing need to refinance upcoming debt maturities.

RCOM has about $450 million in debt falling due in the quarter ending 30 June 2016, which includes a $350 million ECB facility at Reliance Infratel (unrated), which is guaranteed by RCOM and has a cross-default with other debt. Management is still in the process of renewing this facility with the banks and expects to complete the refinancing ahead of maturity.

Failure in obtaining final renewal approvals from the banks will lead to imminent ratings downgrade, which would be more than one notch.

There have also been further delays in the RCOMs deleveraging plans. In December 2015, the company announced that it had entered into exclusive discussions with Aircel Limited (unrated) for a potential combination of businesses. This deal has yet to close and RCOM has extended the exclusivity period for its discussions with Aircel by another 30 days to 22 June 2016, adds Dhruv, also Moodys Lead Analyst for RCOM.

In December 2015, RCOM entered into a non-binding and exclusive agreement to sell towers owned by its subsidiaryn++ Reliance Infratel (RITL, unrated)n++to two investment companies, Tillman Global Holdings, LLC (unrated) and TPG Asia, Inc (unrated). RCOM has made a public commitment to use the entire proceeds from the sale for debt reduction.

RCOM has also re-prioritized its strategies again, and now plans to announce the final binding tower sale transaction within two months from the completion of discussions with Aircel. This is a significant delay from our earlier expectations for the tower transaction to be confirmed within the June quarter, adds Dhruv.

Cumulatively, these transactions, when consummated, could benefit RCOM substantially. However, in our view, changes in the companys strategy continue to delay execution of its plans. Hence any tangible benefit to RCOMs financial and credit profile will now be delayed for at least 6-9 months.

The negative outlook reflects our view that ongoing delays in RCOMs rollout of its deleveraging plans will keep its financial and credit profile strained over the near term. Moodys will closely review the progress on RCOMs stated plans over the next 6-9 months.

The ratings could be downgraded if RCOM (1) experiences a significant deterioration in market share and/or competition intensifies, such that profitability deteriorates; (2) fails to execute its deleveraging plans in a timely manner; (3) encounters difficulty in complying with its financial covenant requirements, accessing capital to fund growth or repaying/refinancing debt, as and when it falls due; or (4) implements aggressive investment and/or shareholder return policies.

Specific indicators that Moodys would consider for a downgrade include: (1) adjusted debt/EBITDA failing to trend in line with expectations towards 4.0x by end-2016; (2) adjusted EBITDA margins falling below 30%; and (3) adjusted (funds from operations + interest)/interest remaining below 3.0x.

Furthermore, any unexpected regulatory developments in the Indian telecommunications sector will also be negative for the rating.

Given the negative outlook, an upgrade is unlikely over the near term. However, the outlook could stabilize should RCOM (1) continue to grow revenues and earnings of its core-Indian operations by increasing the number of subscribers and data revenue without compromising its EBITDA margins; (2) continues to generate positive free cash flow on a sustained basis; and (3) improves its liquidity profile significantly.

Specific indicators that Moodys would consider for stabilizing the outlook include: adjusted debt/EBITDA at 4.0x-4.5x; adjusted EBITDA margins between 30%-35%; and adjusted (funds from operations + interest)/interest over 3.0x on a sustainable basis.

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