My Application Form Status

Check the status of your application form with Angel Broking.
Water Level of 91 major reservoirs of the country goes up by two per cent
Sep 09,2016

The water storage available in 91 major reservoirs of the country for the week ending on September, 08 2016 was 108.104 BCM, which is 69% of total storage capacity of these reservoirs. This was 117% of the storage of corresponding period of last year and 97% 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.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

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. The total live storage available in these reservoirs is 14.24 BCM which is 79% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 90% and average storage of last ten years during corresponding period was 81% 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.

EASTERN REGION

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 14.27 BCM which is 76% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 58% and average storage of last ten years during corresponding period was 69% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

WESTERN REGION

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 20.38 BCM which is 75% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 59% and average storage of last ten years during corresponding period was 73% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

CENTRAL REGION

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 36.70 BCM which is 87% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 77% and average storage of last ten years during corresponding period was 65% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG(2combined 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 22.52 BCM which is 44% 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 72% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year but is less than the average storage of last ten years during the corresponding period.

State having equal storage than last year for corresponding period is Gujarat. States having lesser storage than last year for corresponding period are Himachal Pradesh, Tripura, Uttarakhand and Tamil Nadu.

Powered by Capital Market - Live News

Ministry of Steel extends date of enforcement of Stainless Steel Products (Quality Control) Order, 2016 by three months
Sep 09,2016

Steel Minister Shri Birender Singh held wide-ranging consultations with various stakeholders before the decision and exhorted the stainless steel industry to be a partner in government drive to encourage use of quality steel.

Ministry of Steel has issued Stainless Steel Products (Quality Control) (Amendment) Order, 2016, dated 08.09.16, for extending the date of enforcement of the Principal Order dated 10thJune, 2016, from three months to 180 days. The Order aims at ensuring use of high quality standards in respect of 3 specified stainless steel product categories.

The Steel Minister Shri Birender Singh had met representatives of various stakeholders, who had differing views on the impact of implementation of Quality Control Order, issued in June 2016. Producers, traders, merchants and users attended this meeting organised in August 2016. In the no-holds-barred deliberations under the Chairmanship of the Minister, each side put forth their issues and concerns in detail. Shri Singh gave a patient hearing and facilitated free exchange of ideas. He advised that all sides must put their minds together and come up with a practical resolution in larger interest, within a given timeframe. He directed that an empowered functionary from each group should sit together with Ministry of Steel officials and resolve the deadlock. The ultimate objective must be to see that there is no compromise on quality of steel, he added. Subsequent rounds of discussions at various levels have resulted in the present amendment order. While complimenting all concerned for reaching a consensus, Shri Singh has urged the users and trader groups to come forward and join the central government in its drive to provide quality steel to Indian consumers. The Minister has exhorted them to apply to BIS for licenses and to also encourage their foreign suppliers to do the same, as quality of steel cannot be compromised.

The 3 stainless steel product categories covered under the Order are IS 5522 (stainless steel sheets and strips of utensils), IS 15997 (low nickel austenitic stainless steel sheet and strip for utensils and kitchen appliances-specification) and IS 6911 (stainless steel plate, sheet and strip-specification). The Order stipulates prohibition regarding manufacture, storage, sale, distribution etc. without Standard Mark of BIS and obligation of certification.

Powered by Capital Market - Live News

Gartner Says Organizations Must Update Their Network Access Policy to Address Attack of IoT Devices
Sep 09,2016

By 2020, 21 billion of Internet of Things (IoT) devices will be in use worldwide. Of these, close to 6 percent will be in use for industrial IoT applications. However, IT organizations have issues identifying these devices and characterising them as part of current network access policy, said Gartner, Inc. Infrastructure and operations (I&O) leaders must therefore update their network access policy to seamlessly address the onslaught of IoT devices.

Having embraced a bring-your-own-device strategy, organizations must now get employee devices on the enterprise network and start addressing the 21 billion IoT devices that we project will want access to the enterprise network, said Tim Zimmermann, research vice president at Gartner. Whether a video surveillance camera for a parking lot, a motion detector in a conference room or the HVAC for the entire building, the ability to identify, secure and isolate all IoT devices n++ and in particular headless devices n++ is more difficult to manage and secure.

Many IoT devices will use the established bandwidth of the enterprise network provided by the IT organisation (wireless 1.3 Gbps of 802.11ac Wave 1 or 1.7 Gbps of 802.11ac Wave 2). However, it is important that the IT organisation works directly with facilities management (FM) and business units (BUs) to identify all devices and projects connected to the enterprise infrastructure and attaching to the network.

Once all of the devices attached to the network are identified, the IT organization must create or modify the network access policy as part of an enterprise policy enforcement strategy. This should determine if and how these devices will be connected, as well as what role they will be assigned that will govern their access.

In order to monitor access and priority of IoT devices, I&O leaders need to consider additional enterprise network best practices. These can be defining a connectivity policy, as many IoT devices will be connected via Wi-Fi; performing spectrum planning n++ many IoT devices may be using 2.4GHz, but may not be using 802.11 protocols such as Bluetooth, ZigBee or Z-Wave, which may create interference; or considering packet sniffers to identify devices that may do something undesirable on the network.

While more IoT devices are added to the enterprise network, I&O leaders will need to create virtual segments. These will allow network architects to separate all IoT assets (such as LED lights or a video camera) from other network traffic, supporting each FM application or BU process from other enterprise applications and users.

As the concept of virtual segments continues to mature, the capabilities will allow network architects to prioritize the traffic of differing virtual segments as compared with the rest of the traffic on the network. For example, security video traffic and normal enterprise application traffic may have a higher priority than LED lighting.

Powered by Capital Market - Live News

Gartner Says India Security Market is on Pace to Grow 10.6 Percent in 2016
Sep 09,2016

Enterprise security spending (hardware, software and services) in India is on pace to reach $1.12 billion in 2016, up 10.6 percent from $1.01 billion in 2015, according to Gartner, Inc.

Security spending will continue to grow in 2017 when revenue is projected to reach $1.24 billion. Security services (that includes consulting, implementation, support and managed security services) revenue accounted for 61 percent of this total revenue in 2015, and this proportion will increase to 66 percent by 2020.

The strong growth in the security services market will be primarily because customers need external services to transform their security posture in the digital business era. Security services are typically categorized as either implementation, consulting or security outsourcing services, and many providers are beginning to offer all three categories to address customer requirements, Siddharth Deshpande , principal research analyst at Gartner.

In 2016, we are seeing large enterprises increase their security budgets to enhance their security program, and several midmarket and enterprise organizations creating new space for security spending as part of their technology budget, said Mr. Deshpande.

Key security initiatives for a majority of organizations in 2016 include: security operations, incident response network and data center security, identity governance and administration, mobile and cloud security governance, advanced threat defense, application security, security policy and program development and governance, risk and compliance (GRC).

Mature organizations that have begun the journey towards detection and response approaches are now looking to focus on advanced capabilities around security operations and incident response. Several organizations in India are now realizing that a purely technology centric approach to their security strategy will not suffice. As a result many organizations are beginning to pay equal emphasis on the people and process elements. In the context of digital business, the people and process elements of security and risk management are becoming extremely important.

Digital business challenges the basic principles of information risk and security management, said Mr. Deshpande. Digital business moves at a faster pace than traditional business, and traditional security approaches designed for maximum control will no longer work in the new era of digital innovation. Risk and security leaders must understand the risks associated with business unit innovation, and balance the imperative to protect the enterprise with the need to adopt innovative technology approaches.

Powered by Capital Market - Live News

Government approves subsidized helicopter services in J&K and Himachal Pradesh
Sep 09,2016

The Government has accorded its approval for operation of helicopter services in the State of Jammu and Kashmir and Himachal Pradesh on a pilot basis in 10 sectors, as per the stipulation that the most inaccessible destination points should be chosen. The scheme can be extended to other/additional sectors at a later date depending upon the assessment of the justifiable needs of the local population.

The State Governments of Jammu and Kashmir and Himachal Pradesh will re-identify/chose and finalize the most critical sectors in their States, with number of flying hours by the State Governments in consultation with the Ministry of Home Affairs based on current justifiable needs. While deciding the sectors for providing the air connectivity, the difference of time between the road travel and air travel may be taken as an important factor.

In case of Jammu and Kashmir, the recommendation of the Joint Working Group for the following five sectors in Srinagar-Drass-Kargil-Zanskar-Leh has been accepted:

n++ Srinagar - Kargil - Srinagar

n++ Srinagar - Drass - Srinagar

n++ Kargil - Padum - Leh - Padum - Kargil

n++ Leh - Lingshed - Leh

n++ Srinagar - Leh - Srinagar

The above 5 sectors may be re-aligned based on the fresh assessment made by Government of J&K in consultation with MHA.

The Government of India will subsidize only the cost towards actual number of entitled passengers utilizing the helicopter services. No subsidy will be provided for the vacant seats.

Emergency services and common passenger services to the local residents of the State will be provided on priority and at subsidized rates. VIPs, Officers of the State Government on tour, Income tax payers or tourists will not be eligible for subsidized fares. Such persons will have to pay full fare subject to availability of seats.

The operator of the services will be selected by open tender process by the State Government. The operation of helicopter services in the State will continue till March, 2017 or expiry of contract, whichever is earlier.

Review and rationalization of annual ceiling of flying hours vis-a-vis actual utilization as well as internal review of the sectors/ scheme will be carried out in consultation with Financial Advisers of Ministry of Home Affairs and Civil Aviation after March, 2017.

Powered by Capital Market - Live News

Global Trade Finance Gap Reaches $1.6 Trillion, SMEs Hardest Hit - ADB
Sep 09,2016

The inability of financial institutions to provide $1.6 trillion in support to buyers and sellers of goods across countries resulted in forgone growth and job creation in 2015, according to an Asian Development Bank (ADB) Brief. Developing Asias share of the global trade finance gap was $692 billion, including India and the Peoples Republic of China.n++

In its new study, 2016 Trade Finance Gaps, Growth, and Jobs Survey, ADB quantifies market gaps for trade finance and explores their impact on growth and jobs through a survey of over 337 banks in 114 countries and 791 firms in 96 countries. The annual survey is now in its fourth year.

n++The growth of the trade finance gap in 2015 continues to be a drag on trade, and small- and medium-sized enterprises are the most affected,n++ said Steven Beck, Head of ADBs Trade Finance Program. n++The survey shows that both globally and nationally, regulators and policymakers should increase support for trade finance through smarter banking regulations, more transparent and comprehensive credit ratings systems, and capacity building for local banks. ADBs Trade Finance Program stands ready to assist member countries and our client banks in all of these areas.n++

According to the brief, trade finance gaps persist in part due to the cost and complexity of compliance with banking regulations, with 90% of surveyed banks citing anti-money laundering and know-your-client requirements as impediments to their ability to expand trade finance, especially for small businesses. Basel III banking regulations, which set liquidity requirements for bank finance, are also cited by 77% of respondents as a major barrier to finance new trade.

The report notes small- and medium-sized enterprises (SMEs) face the greatest obstacles in accessing affordable trade financing. Globally, 57% of trade finance requests by SMEs are rejected, against just 10% for multinational companies. High rejection rates lead many firms to turn to inefficient informal financing.

Financial technology, or Fintech, can help bridge the financing gap for businesses left out of trade finance, according to the brief. But awareness of digital finance by small businesses remains low, with 70% of responding companies indicating that they are unfamiliar with these tools. Among firms that were familiar with digital finance, peer-to-peer lending had the strongest uptake rates in developing countries.

Since 2009, ADBs Trade Finance Program has supported more than 8,200 SMEs across the region, with about 11,800 transactions valued at over $23.6 billion, in sectors ranging from commodities and capital goods, to medical supplies and consumer goods.

Powered by Capital Market - Live News

Central Assistance to Andhra Pradesh
Sep 09,2016

1. The Central Government is committed to help and assist the newly created State of Andhra Pradesh. The commitments of the Centre emanate from four basic documents, namely, the provisions of the Andhra Pradesh Reorganisation Act, 2014, the report of the Fourteenth Finance Commission, the statement of the then Prime Minister before the Parliament on 20.2.2014 and the Report dated 1.12.2015 of Vice Chairman, NITI Aayog on Developmental Support to the Successor State of Andhra Pradesh under the Andhra Pradesh Reorganisation Act 2014.

2. The above mentioned commitments are broadly categorized as under:-

(i) The Andhra Pradesh Reorganisation Act:

(a) Section 46 of the Act provides for a reference to be made to the Fourteenth Finance Commission to take into account the resources available to the Successor States and make separate awards to them. It further provides for a developmental package to be given to the backward areas of the State of Andhra Pradesh. It also provides for adequate incentives in particular for Rayalaseema and north coastal regions of the State.

(b) Section 90 of the Act declares the Polavaram Irrigation Project as a National Project.

(c) Under Section 93 of the Act, the details of institutions and infrastructure to be developed in the State are outlined in the Thirteenth Schedule to the Act.

(d) Section 94 of the Act provides for appropriate fiscal measures, including offer of tax incentives, to be given to the Successor States to promote industrialization and economic growth. It further provides for support to programmes for backward areas including physical and social infrastructure. In addition, it provides for giving special financial support for creation of essential facilities in the new capital of the successor State of Andhra Pradesh, including the Raj Bhawan, High Court, Government Secretariat, Legislative Assembly, Legislative Council and such other essential infrastructure.

(ii) Statement of the then Prime Minister Dr. Manmohan Singh on 20.2.2014:

The then Prime Minister, Dr. Manmohan Singh on 20.2.2014 stated before the Rajya Sabha that Special Category Status would be extended to the State of Andhra Pradesh for a period of five years. This would be done to put the States finances on a firmer footing. He further stated that the resource gap for the year 2014-15 would be compensated by the Central Government.

(iii) Fourteenth Finance Commission:

The Fourteenth Finance Commission defined the financial relationship between Centre and the States for the five year period ending 2019-20. The Commission did not make a distinction between Special and General Category States. Its approach was to fill the resource gap of each State to the extent possible through tax devolution. Accordingly, the Commission recommended an enhanced devolution of 42% of the Central Governments tax revenues to States. If devolution alone could not cover the assessed gap, for certain States, a revenue deficit grant was provided. Andhra Pradesh was one of the States determined to be a revenue deficit State, and the Commission recommended that the Centre would provide revenue deficit grant for the period of the Fourteenth Finance Commission. The amount of deficit for each year was mentioned in the report itself and a total of Rs.22,113 crores is to be paid to Andhra Pradesh as revenue deficit grant for the 5 year period.

(iv) Report on Developmental Support to Andhra Pradesh dated 1.12.2015:

The Vice Chairman, NITI Aayog Dr. Arvind Panagariya studied various aspects of the support to be given to Andhra Pradesh under the Reorganisation Act and made recommendations regarding effective implementation.

The Central Governments commitments to the State of Andhra Pradesh

3. Under the Andhra Pradesh Reorganisation Act, the commitment for the resource gap for the year 2014-15 is being met on the basis of standardized expenditure for that year. The revenue gap has been tentatively quantified subject to further adjustment on account of figures relating to certain pension schemes. A part of the revenue gap compensation amounting to Rs.3,979.5 crore has already been paid and the balance is being paid in annual instalments.

An amount of Rs.2,500 crore has already been paid as support for creation of new capital of State of Andhra Pradesh and a balance of Rs.1,000 crore would be paid in due course.

An amount of Rs.1,050 crore has been disbursed as special package for backward areas and a further amount of Rs.1,050 crore would be paid in the coming years.

4. The Polavaram Project is on the river Godavari near Ramayyapeta village of Polavaram mandal, about 42 km upstream of Sir Arthur Cotton Barrage in the State of Andhra Pradesh. It envisages construction of a dam and canal system to create ultimate irrigation potential of 2,91,000 ha. (7.2 lakh acres), generation of 960 MW of hydro power, drinking water supply to a population of 28.50 lakh in 540 villages and diversion of 80 TMC of water to Krishna river basin.

The project was accorded investment clearance by the Planning Commission for Rs.10,151.04 crore (at 2005-06 price level) in 2009. Further, the Advisory Committee of Ministry of Water Resources approved the cost at 2010-11 price level as Rs.16,010.45 crore during January, 2011 including power and drinking water component of Rs.2868 crore. Prior to the passage of the AP Reorganisation Act, the Polavaram Project was being implemented by the Government of Andhra Pradesh with Central Assistance under the Accelerated Irrigation Benefits Programme (AIBP). An expenditure of Rs.5,135.87 crore had been incurred up to 31.3. 2014 including Central Assistance of Rs.562.469 crore.

The Central Government will fund the Polavaram Irrigation Project in the following manner:

(i) It will provide 100% of the remaining cost of the irrigation component only of the project for the period starting from 1.4.2014, to the extent of the cost of the irrigation component on that date.

(ii) In view of the recommendations of the Vice Chairman NITI Aayog that it will be appropriate for the State of Andhra Pradesh to execute this project (as it is an important project and the State Government is keen to complete it at the earliest), the Government of India has agreed to the States request for the execution of the project by the State Government on behalf of the Government of India.

5. Government of India has already legislated for fiscal incentives of enhanced investment allowance and accelerated depreciation. They will come into effect once notified, after the State of Andhra Pradesh identifies the eligible backward areas.

6. In respect of educational and other institutions:

n++ A Petroleum University has already been established.

n++ The IIT has already been functioning from a transit campus and the main campus is being constructed.

n++ The National Institute of Technology has already been functioning since September 2015 in a temporary campus and its main campus is being constructed.

n++ The Indian Institute of Information Technology, Kurnool has already started functioning from the temporary campus and would start functioning and its main campus is being constructed.

n++ The site for the Central University in Anantapur district has already been selected.

n++ The Indian Institute of Science Education and Research has been established in Tirupati.

n++ The Indian Institute of Management has been established at Visakhapatnam.

n++ An All India Institute of Medical Sciences has been approved at Guntur and the land for the same is being taken over.

n++ A Tribal University is to be established in the State of Andhra Pradesh for which a Site Selection Committ

Introduction of Flexi Fare system for Rajdhani/Duronto and Shatabdi trains
Sep 08,2016

Ministry of Railways have decided to introduce the flexi fare system for Rajdhani/Duronto and Shatabdi trains as per details given below:-

1.The Base Fare for Rajdhani, Duronto and Shatabdi class of trains will be on flexi fare system.

2 (a).n++ The base fares will increase by 10% with every 10% of berths sold subject to a prescribed ceiling limit as indicated in the table below. There will be no change in the existing fare for 1AC and EC class of travel. In the tables given below GÿX stands for the present base fares.

Fare Structure for Rajdhani and Duronto category of TrainsCharges % of berths10%10%10%10%10%10%10%10%10%10%2S1X1.1X1.2X1.3X1.4X1.5X1.5X1.5X1.5X1.5XSL1X1.1X1.2X1.3X1.4X1.5X1.5X1.5X1.5X1.5X3A1X1.1X1.2X1.3X1.4X1.4X1.4X1.4X1.4X1.4X2A1X1.1X1.2X1.3X1.4X1.5X1.5X1.5X1.5X1.5X1A1X1X1X1X1X1X1X1X1X1XX= Base Fare

n++

Fare Structure for Shatabdin++ category of TrainsCharges % of berths10%10%10%10%10%10%10%10%10%10%CC1X1.1X1.2X1.3X1.4X1.5X1.5X1.5X1.5X1.5XEC1X1X1X1X1X1X1X1X1X1XX= Base Fare

Other supplementary charges like reservation charges, Superfast charge, Catering charges, Service tax etc., as applicable shall be levied separately.

(b). Vacant berths left at the time of charting would be offered for current booking. Tickets under current booking shall be sold at the last price sold for that class and other supplementary charges like reservation fee, superfast charges, catering charges, service tax etc., as applicable shall be levied in full.

(c). The information should also be displayed to the passenger during the booking in case the fare of lower class becomes higher than the higher class to exercise option to travel by the higher class.

(d). The last price for every class of tickets for the particular train should be printed in the reservation chart for the purpose of charging of difference of fare in the train or charging the passengers of the train without ticket etc.,

3.The operation of various quotas available in these category of Trains shall be as under:

(a).Tatkal Quota: The present limit of berths set aside for Tatkal quota in these trains shall be operated as per the existing guidelines.n++ However, no additional charges as Tatkal charges will be levied.n++ The berths assigned under the Tatkal quota shall be booked at the rate of 1.5 times of the base fare for all classes (2S, SL, 2A, 3A and CC) except 1AC and EC. Other supplementary charges like reservation fee, superfast charges, catering charges, service tax etc., as applicable shall be levied in full.

(b).There shall be no Premium Tatkal Quota in these train services.

n++4. Concession: Normal concession as applicable for respective concessional ticket will be admissible on the base fare of the ticket at each stage as per the table above.

5. Refund Rules:n++ There will be no change in the existing refund rules.

n++6. Other Charges: There shall be no change in charges for reservation fee, superfast surcharge etc. Such charges, wherever applicable, shall continue to be levied additionally as per existing instructions.

7. Service tax will continue to be levied as applicable as per instructions issued in this regard.

8. All other rules and conditions pertaining to the above category of trains shall ben++continued without any change.

9.n++ The changes in fares as above shall come into force w.e.f 09.09.2016.

10. Therevisedfareswillnot applytotickets already issued in advance for journeys to commence on or after 09.09.2016.

11.n++ In the case of tickets already issued at pre-revised rates, the difference of fare shall not be collected from the passengers.

n++12.n++ These changes should be carried out in manual ticketing system and in PRS, UTSn++ etc.,

Powered by Capital Market - Live News

Consumer behavior in heavily influenced by large social networks that allow consumers to have n++n++crowd cloutn++n++
Sep 08,2016

The changes to Indian consumer behaviour are being driven by increasing incomes, the younger profile of consumers and growing access to the internet. According to the FICCI-PwC report, Shaping Consumer Trends, the greatly increased use of smartphones, consciousness concerns about health and the environment, technological innovations and the rising complexity of decision-making due to the proliferation of products and points of sale are key areas of change that will impact consumer and retail businesses.

According to the report, these drivers are reshaping where, what and how consumersn++n++ make purchases and how they want to be served. The key business trends that are visibly unfolding and creating a large number of opportunities for consumer-driven companies are: n++h

Changing purchase patterns: The shift in purchase behaviour towards online buying, dominated by mobile phones, has been very evident over the last few years. Preferences are now clearly extending beyond the original product categories of electronics and fashion to include food and grocery as well as local origin products. n++h

Evolving desire for service: Consumers are now seeking a clutter and trouble-free experience, enabled by technology and better quality sales people.

Switch to health and wellness-driven choices: There is a marked consumer shift towards products and services that are perceived to be relatively healthy and less harmful or enhance peoplen++n++s sense of physical and mental wellness and the environment. n++h

Rise of convenience: Cash-rich and time-starved consumers are seeking a new dimension in n++n++convenience by knowledgen++n++ to help them navigate to the right products and services that are relevant for them. n++h

Growing social networks: The concept of n++n++crowd cloutn++n++ is gaining significance as consumers realise that their collective networks are enabling them to demand improved products and services from companies.

Discussing about the report, Mr. Krish Iyer, Chairman-FICCI Retail & Internal Trade Committee and President & CEO, Walmart India, n++n++The continued focus on ease of doing business by the Government augurs very well for Indian++n++s industries across sectors. Wen++n++re seeing lot of reforms by the government, not only related to FDI, but also for removing several structural & systemic bottlenecksn++n++n++n++.

n++n++n++n++So while India remains one of the most attractive markets for businesses worldwide due to its favorable demographics, size of the population, growing purchasing power and the growing consuming class, effective implementation of the progressive policy reforms will further boost the economy and create an ease of doing business environment in its true spiritn++n++n++n++, added Mr. Iyer.

Mr. Anurag Mathur, Partner and Leader n++V Consumer & Retail, PwC India, said, India is in a strong position in the world where a growing consumption capacity, demographic shape and lifestyle changes will propel double digit growth for consumer business over the next decade. However, the Indian consumers selective participation in global consumption trends & concerns coupled with local infrastructure challenges will require a unique response from companies to win and leapfrog on the growth cycle.

India has come a long way in regulating its policies and promoting ease of doing business, and has huge potential for growth in the sector. As per the report, the Government is actioning policy reforms by liberalising foreign investment norms and creating a single window clearance policy to facilitate business in the country. But there is a need for further investment under the Make in India campaign for India to compete with the developed nations of the world and make a mark in the sector.

Commenting on the steps the Government has taken so far, Mr. Akash Gupt, Partner & Leader n++V Regulatory Services, PwC India, said, n++n++Globally, investors are looking at India not only for its market size but as a destination with significant long- term potential. The evolving regulatory framework and the dynamism of the Government have opened new avenues and have twofold benefits on fulfilling objectives of make in India, and of increasing consumption demand in the country. This is the time when most regulations are and should be created around consumers. In particular, the food and beverages segment has opened up the extensive scope of manufacturing and trading in the country. And with the implementation of 100% FDI in retail trade of food products, we can expect to see an enhanced consumer basket and a utility-driven consumption trend.n++n++ Key regulatory recommendations made in the FICCI-PwC Report: n++h

Give the FMCG and Retail sector industry status so that companies are eligible for priority sector lending n++h

Continue to focus on improving n++n++ease of doing businessn++n++ in the country to improve the regulatory environment and Indian++n++s rank on the global index n++h

Implement GST early to achieve cost efficiency in the procurement and supply chain n++h

Provide fiscal incentives to the industry, including on backend infrastructure and supply chain n++h

Introduce a unified agriculture marketing ePlatform to actualise its objective of providing the n++n++best possible price to the farmern++n++

Implement a unified retail policy on a pan-India basis and introduce a time-bound functional single window to help businesses meet compliance-related requirements for all bye-laws and guidelines (This would also entail one-stop clearance for registration of entities and reduce multiple layers of approvals for critical licenses and permits required to set up shops and businesses.) n++h

Harmonise various laws such as Legal Meterology, BIS and FSSA (Any confusion on these, specifically on labelling and related issues, should be pro-actively dealt with.) and create a mechanism to address issues arising due to the multiple laws n++h

Governing the sector under the existing FDI policy on retail sector, the sector is segregated between single brand retail trading, multi brand retail trading, wholesale cash and carry trading and e-Commerce. With a view to streamline this with the global trends and practices, the government may consider having a product specific policy for foreign investment in the trading sector n++V to give example, liberalisation of policy by removing conditionalities applicable to single brand trading in case of luxury products which will allow such companies to set up shops in India. This will create a niche brand presence in the country.

Powered by Capital Market - Live News

Consumer behavior in heavily influenced by large social networks that allow consumers to have crowd clout
Sep 08,2016

The changes to Indian consumer behaviour are being driven by increasing incomes, the younger profile of consumers and growing access to the internet. According to the FICCI-PwC report, Shaping Consumer Trends, the greatly increased use of smartphones, consciousness concerns about health and the environment, technological innovations and the rising complexity of decision-making due to the proliferation of products and points of sale are key areas of change that will impact consumer and retail businesses.

According to the report, these drivers are reshaping where, what and how consumers make purchases and how they want to be served. The key business trends that are visibly unfolding and creating a large number of opportunities for consumer-driven companies are:

Changing purchase patterns: The shift in purchase behaviour towards online buying, dominated by mobile phones, has been very evident over the last few years. Preferences are now clearly extending beyond the original product categories of electronics and fashion to include food and grocery as well as local origin products.

Evolving desire for service: Consumers are now seeking a clutter and trouble-free experience, enabled by technology and better quality sales people.

Switch to health and wellness-driven choices: There is a marked consumer shift towards products and services that are perceived to be relatively healthy and less harmful or enhance peoples sense of physical and mental wellness and the environment.

Rise of convenience: Cash-rich and time-starved consumers are seeking a new dimension in convenience by knowledge to help them navigate to the right products and services that are relevant for them.

Growing social networks: The concept of n++n++crowd cloutn++n++ is gaining significance as consumers realise that their collective networks are enabling them to demand improved products and services from companies.

Discussing about the report, Mr. Krish Iyer, Chairman-FICCI Retail & Internal Trade Committee and President & CEO, Walmart India, The continued focus on ease of doing business by the Government augurs very well for Indias industries across sectors. Were seeing lot of reforms by the government, not only related to FDI, but also for removing several structural & systemic bottlenecks.

So while India remains one of the most attractive markets for businesses worldwide due to its favorable demographics, size of the population, growing purchasing power and the growing consuming class, effective implementation of the progressive policy reforms will further boost the economy and create an ease of doing business environment in its true spirit, added Mr. Iyer.

Mr. Anurag Mathur, Partner and Leader n++V Consumer & Retail, PwC India, said, India is in a strong position in the world where a growing consumption capacity, demographic shape and lifestyle changes will propel double digit growth for consumer business over the next decade. However, the Indian consumers selective participation in global consumption trends & concerns coupled with local infrastructure challenges will require a unique response from companies to win and leapfrog on the growth cycle.

India has come a long way in regulating its policies and promoting ease of doing business, and has huge potential for growth in the sector. As per the report, the Government is actioning policy reforms by liberalising foreign investment norms and creating a single window clearance policy to facilitate business in the country. But there is a need for further investment under the Make in India campaign for India to compete with the developed nations of the world and make a mark in the sector.

Commenting on the steps the Government has taken so far, Mr. Akash Gupt, Partner & Leader, Regulatory Services, PwC India, said, n++n++Globally, investors are looking at India not only for its market size but as a destination with significant long- term potential. The evolving regulatory framework and the dynamism of the Government have opened new avenues and have twofold benefits on fulfilling objectives of make in India, and of increasing consumption demand in the country. This is the time when most regulations are and should be created around consumers. In particular, the food and beverages segment has opened up the extensive scope of manufacturing and trading in the country. And with the implementation of 100% FDI in retail trade of food products, we can expect to see an enhanced consumer basket and a utility-driven consumption trend.

Key regulatory recommendations made in the FICCI-PwC Report:

Give the FMCG and Retail sector industry status so that companies are eligible for priority sector lending

Continue to focus on improving ease of doing business in the country to improve the regulatory environment and Indian++n++s rank on the global index

Implement GST early to achieve cost efficiency in the procurement and supply chain

Provide fiscal incentives to the industry, including on backend infrastructure and supply chain

Introduce a unified agriculture marketing ePlatform to actualise its objective of providing the best possible price to the farmer

Implement a unified retail policy on a pan-India basis and introduce a time-bound functional single window to help businesses meet compliance-related requirements for all bye-laws and guidelines (This would also entail one-stop clearance for registration of entities and reduce multiple layers of approvals for critical licenses and permits required to set up shops and businesses.)

Harmonise various laws such as Legal Meterology, BIS and FSSA (Any confusion on these, specifically on labelling and related issues, should be pro-actively dealt with.) and create a mechanism to address issues arising due to the multiple laws

Governing the sector under the existing FDI policy on retail sector, the sector is segregated between single brand retail trading, multi brand retail trading, wholesale cash and carry trading and e-Commerce. With a view to streamline this with the global trends and practices, the government may consider having a product specific policy for foreign investment in the trading sector to give example, liberalisation of policy by removing conditionalities applicable to single brand trading in case of luxury products which will allow such companies to set up shops in India. This will create a niche brand presence in the country.

Powered by Capital Market - Live News

India-Egypt set trade target of $ 8 billion, sign MoU on JV for marketing mobile phones
Sep 08,2016

Lava International India and Easy Group of Egypt, entered into a Memorandum of Understanding (MoU) on the establishment of a joint venture between the two companies for marketing mobile phones and other IT related equipment in Egypt initially and subsequently manufacturing the same and catering to the whole North African and MENA region markets .

The MoU was signed during the 4th India-Egypt Business Council meeting organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) which was attended by Eng. Khaled Abu Elmakarem, Co-Chair of the India-Egypt Business Council from the Egyptian side, HE Mr Hatem Tageldin, Ambassador of the Arab Republic of Egypt to India, Mr Sanjay Bhattacharya, Indian Ambassador to the Arab Republic of Egypt and leading Egyptian and Indian businessmen. The MoU follows a FICCI initiative to cultivate strong business linkages between Indian companies and their Egyptian counterparts during a delegation visit to Cairo, Egypt, in March, 2016.

India and Egypt have witnessed enhanced engagement following Egyptian President Abdel Fattah el-Sisis interaction with Prime Minister Narendra Modi on the sidelines of the UN General Assembly in September 2015 and later during the Third India-Africa Forum Summit at New Delhi in October 2015.

India and Egypt are looking at intensification of dialogue between the two countries and enhanced trade and investment. India and Egypt have a trade volume of $ 3 billion -- which both sides are keen to upgrade to $ 8 billion -- and there are currently 52 Indian companies operating in Egypt of which 25 are joint ventures with a total investment of $ 3 billion across a wide range of sectors. As a US $ 286 billion economy with around 89 million consumers -- the second largest in Africa -- that Egypt represents, the potential and scope is immense.

Addressing the Business Council meeting which also coincides with the first official visit of President Abdel Fattah el-Sisi to India, Ambassador of Egypt to India HE Mr Hatem Tageldin said that the Indian and Egyptian leadership were committed to enhance cooperation in all sectors - political, cultural, economic and Defence. Mr Tageldin called upon entrepreneurs to tap the opportunities in chemicals, petrochemicals, textiles, autos and auto components, mining and renewable energy as well as those in the Suez Economic Corridor.

Describing the India-Egypt bilateral relations as poised at an important juncture, Mr Sanjay Bhattacharya called upon Egyptian businesses to work closely with Indian industry to bring to fruition the shared vision of creating a new partnership in a new era. n++There are both opportunities and challenges and also a broad understanding between the two sides of the need to take things forward,n++ Mr Bhattacharya said, highlighting opportunities of expanding economic cooperation in hydrocarbons and development projects that the Egyptian Government had launched.

Mr Vijay Sankar, Chairman of the India-Egypt Business Council from the India side highlighted the increased frequency of interactions between Indian and Egyptian businesses as sign of good times to come between the two partners. Mr Sankar said that while India Egypt cooperation has expanded to cover diverse areas, there was a need to correct the slowdown in trade.

Urging Indian industry to explore the potential in Egypt, members of the Business Council from the Egyptian side offered incentives to Indian business like allocation of land for free in upper Egypt, employment incentives, laws for protection of Intellectual property and exemption from tax for 10 years. Indian and Egyptian Business Council members also discussed possbilities of luring Bollywood to shoot in Egypt and big companies to hold annual meetings to promote corporate tourism.

Powered by Capital Market - Live News

6- 8% of investments in B2C start-ups in India are made in the healthcare sector: FICCI - KPMG paper
Sep 08,2016

The road ahead for Indian++n++s healthcare sector is set to be revolutionized with the rising base of healthcare start-ups that recognize the need for making quality healthcare accessible to Indian++n++s billion plus population, according to a joint study by FICCI and KPMG in India titled Indian healthcare start-ups; An inside look into funding.

Dr. Nandakumar Jairam, Chair, FICCI Health Services Committee; Chairman, NABH and Chairman and Group Medical Director, Columbia Asia Hospitals India said, What we need today is a unified approach for long-term solutions that would help in optimizing disease-care to preventive and promotive care as well as patient centricity though data - driven efficient technologies. Fostering Start-ups and Entrepreneurship will provide the requisite innovative approach for achieving these reforms.

Mr. Vishal Bali Chair, FICCI HEAL 2016 Organizing Committee; Co-Chair, FICCI Health Services Committee & Co-founder & Chairman, Medwell Ventures said, Start-ups are already disrupting the way healthcare is delivered in India. According to the NASSCOM Start-up Ecosystem Report 2015, India serves as the fastest growing start-up-base worldwide and 6-8% of the recent B2C Start-ups in India have been in the Health-tech sector. This means that the sector has already secured ample traction from investors owing to its huge potential.

Mr. Ashok Kakkar, Co-Chair, FICCI Health Services Committee and Senior MD, Varian Medical Systems International India said, 80 per cent of the Indian population is uninsured, resulting in medical costs being paid by people from their own reserves. Start-ups combat this challenge and come up with innovative models to help people get insured on a large scale.

Mr. Nilaya Varma, Partner and Head, Government and Healthcare, KPMG in India, said, Healthcare start-ups in India have potential to emerge as new enabler of accessible and affordable healthcare services. Many start-ups have moved away from traditional healthcare delivery models to asset light, technology based and enabling platforms for patients & healthcare providers. However, start-up continue to face some encounters in terms of funding, incubation and regulatory environment. The governments Start-up India initiative intends to bridge some of the challenges and provides encouraging ecosystem for start-ups. In the recent past increasing number of HNIs, seed funds, incubators and other private investors have extended support to start-ups. The creation of conducive ecosystem for healthcare start-ups will be boon for the healthcare sector.

With a doctor patient ratio as low as 1:1700 (in proportion to the total population), stumped penetration of healthcare in rural areas and a low medically insured population, the potential for healthcare start-ups to emerge as a key member in the healthcare ecosystem is vast. Domestically, healthcare start-ups have not yet received a steady stream of funding to support their ventures with capital as low as USD27 million in the first four months of 2016. The challenges to garner fund flow is hindering multiple projects, ideas, concepts and approaches from taking off.

Private sector investments alone are not sufficient to boost the necessary change and the government needs to shoulder the dual responsibility of a guide and an investor to create a sound healthcare system to keep up with global standards. Indian++s healthcare system is vast and disorganized; however it contributes largely to the total workforce. Healthcare start-ups are likely to engage in extended innovative Research and Development (R&D), in turn increasing their accessibility to the larger population and creating greater scope for employment generation.

Other key finding presented in the knowledge paper are as follows:

Start-ups can act as a much needed facilitator to help approximately 70 per cent of the rural population with limited or no access to hospitals or clinics.

Mobile and internet platforms can be one of the means to address Indian++s deficient healthcare facilities, via innovation in technology and telemedicine. This could result in better diagnosis by doctors making the history of patients available on cloud platforms.

The start-up domain is struggling to rope in the right investors and arrange for adequate funding, which could largely be attributed to the slow pace of growth in the sector. It takes anywhere between 10 to 15 years to introduce a new product in the market with very few prevalent business models to compare with.

Indian++n++s public spending on the healthcare sector comprises of only 1.4 per cent of the GDP and is amongst the lowest in the world.

Private sector stakeholders could play a crucial hand in the growth and development of healthcare start-ups, by investing in high-risk which could enable entrepreneurs to bring medical advancements and generate higher returns for them.

Healthcare start-ups could transform the future of the sector by bridging the gap between supply and demand, especially in rural areas through smartphones and digitization of healthcare practices.

Powered by Capital Market - Live News

Use of solar pumps for irrigation being prioritized to improve farm productivity and provide drinking water in rural & inaccessible habitations
Sep 08,2016

The Ministry of New & Renewable Energy (MNRE) sees a huge potential for off-grid application of solar PV in the country as solar pumps for irrigation could provide access to water to un-electrified and remote areas and enhance the crop yield for farmers. The efficacy of solar pumps is evidenced by the fact that the shortage of drinking water supply infrastructure in rural and inaccessible habitations was being addressed through the use of solar pumps.

This was stated by Mr. Satyabrata Sahu, Joint Secretary, Ministry of Drinking Water and Sanitation, Government of India, while addressing the FICCI conference on Scaling up Solar Pumps Applications in India. He also highlighted that the Ministry has so far deployed 15,000 solar water pumps to serve drinking water purposes in rural areas of the country.

On the issue of presence of fluoride and arsenic in drinking water, Mr. Sahu said that to make water free of fluoride and arsenic NITI Aayog had provided Rs 1,000 crore for defluoridation. He said solar pumps could be integrated with defluoridation technology to overcome the problem.

Mr. Santosh Vaidya, Joint Secretary, MNRE, stated that awareness creation and scaling up was a major challenge as the consumer did not understand quality, technical standards or reliability. Therefore, there was a need to reach out to the consumer. He also underlined the need for creation of business models which should ensure long term support to the consumer. Besides, it was necessary to create a database of who is supplying the equipment and services with clear cut guidelines on procurement.

Mr Dinesh Kumar Goyal, Former Additional Chief Secretary, Government of Rajasthan and presently Advisor to the Solar Energy Corporation of India, underscored the enormous market potential of solar pumps in replacing more than 18 million electric powered and 7 million diesel pump sets currently operating in the country. He also stated that subsidies are crucial for the successful implementation of the solar water pumps programme and that it should be viewed as viability gap funding.

Mr. G. Prasad, Scientist- F/Director, Ministry of New & Renewable Energy (MNRE), Government of India, indicated that installation of solar pumps is a priority for the governments off-grid solar programme to improve the productivity for farmers. The widespread use of solar pumps would bring costs down within the reach of framers and allow withdrawal of subsidies.

Speaking about the challenges in application of solar pumps, Mr. Prasad said, at present, solar pumps were being implemented in two modes - states and banks. However, only a handful of states were proactively working towards the target. These included Andhra Pradesh and Rajasthan. Thus, there was a need for all states to implement the programme at a fast pace to meet the set targets. Besides, the banks which were insisting on collaterals for loans were being advised to treat solar pumps as collateral. He also signaled that the

Ministry may consider revising the guidelines next year to increase subsidy for solar pumps used for community drinking water purposes.

Mr. V Saibaba, CEO - Solar Business & President - Strategic Business Development (Wind), Inox Wind Limited, and Chairman, FICCI Solar Energy Task Force, said that the more than 70,000 solar pumps have so far been deployed in the country. Given the potential economic opportunity, there has been an influx of private players offering solar pumping alternatives. Application of solar pumps in remote areas which had no electricity would enable farmers to increase their yield. He added that for industry there was a great opportunity to scale up the application of solar pumps and bring down costs.

Mr. Ardeshir Contractor, MD & CEO, Kiran Energy and Co-chair, FICCI Solar Energy Task Force, said that solar pumps were being indigenously manufactured at a rapid pace. Over the years, in solar energy space prices have come down, efficiency has increased with enhanced reliability. Now we need to see how we can make it well in India.

Ms. Rita Roy Choudhury, Senior Director & Head - Environment, Climate Change, Renewable Energy & Water Division, FICCI, said that solar pumps have the potential to replace around 21 million electric and 7 million diesel powered pumps, thereby offering an environmentally friendly and financially sustainable solution to address energy-water-food nexus in India. FICCI has set up a committee on solar water pumps comprising industry leaders and experts to deliberate on and suggest solutions to address some of the barriers which hamper wider adoption of solar pumps, and highlight the significant opportunity both within the country and for export.

Powered by Capital Market - Live News

Procurement of Moong by Government agencies starts, process to be expended for Urad and Tur also
Sep 08,2016

The Government agencies have been directed to expand procurement of pulses directly from the farmers in all pulses producing States.

Procurement of Moong has already started by the agencies in Karnataka and Maharashtra and it will be soon expanded to other states according to arrivals. The agencies have been directed to take up procurement of Urad from September 15, 2016 and Tur also immediate from its arrival.

The directions in this regard were given by the Cabinet Secretary, Shri P.K. Sinha during a meeting held here today to review the prices and availability of essential commodities, especially pulses. All the concern Ministries and Departments have been directed to strengthen monitoring mechanism to ensure availability of these commodities at reasonable prices during the coming festival season.

The meeting was attended by Secretaries of Department of Consumer Affairs, Department of Food, Department of Revenue, Ministry of Commerce and by senior officials of related Ministries.

Powered by Capital Market - Live News

Organised Jewellery Retailers Get their Glitter Back
Sep 08,2016

After the contraction in demand for jewellery in 1HCY16, organised jewellery retailers are expected to witness a change in fate in the next three quarters and record 10%-12% top line growth in FY17, says India Ratings and Research (Ind-Ra). The sector posted flat revenue growth in FY16 and low single digit growth in Q1FY17. Ind-Ra believes that the higher number of wedding days coupled with reduced obstacles on the regulatory front will drive volumes.

The World Gold Council highlighted that gold imports contracted and jewellery demand fell by 32% in H1CY16 to around 186 tonnes in India. The key hurdles that the industry faced in 1HCY16 have been 1) strike by jewellers on account of imposition of excise duty and government regulations, 2) delays in purchases on the expectation of fall in gold prices, 3) increase in recycled gold, and 4) possibility of higher share of unaccounted gold in the system due to the spike in prices, regulatory hurdles and levy of excise duty.

Higher number of wedding days in H2FY17 (both on a sequential and year on year basis) together with fading regulatory hurdles is likely to provide a boost to the revenue growth in the coming quarters. Wedding jewellery is a key driver for demand and accounts for 60%-65% of the market demand.

Additionally, the Governments recent measures namely, increase in the limit of collectible amount under the Gold Savings Scheme to 35% from 25% of net worth and the compulsory hallmarking of jewellery will boost the organised jewellery sector and aid in shifting some of the demand from the unorganised sector. The Gold Savings Scheme contributed 15%-30% of the revenues for the organised jewellers; prior to 2014 when it was closed by the Government. Although the Government resumed the Scheme in 2015, the maximum collectible amount was capped at 25% of the net worth.

The agency believes that organised jewellery retailers are likely to see an improvement in EBITDA margins in FY17 by 100-200bp (FY16: around 8%) on the back of the increased share of high margin diamond jewellery and higher gold prices. However the expansion through franchisee mode may constrain the improvement in margins, given the lower mark up in this channel.

Organised jewellers also face an overhang of the impending GST Bill. The GST committee report recommends an all-inclusive tax rate of 2%-6% on precious metals. The sector currently pays VAT and excise at 1% each and hence the GST rate over and above 2% is likely to increase the tax incidence on end consumers. We expect any increase on account of higher GST to be passed on to the end consumer; albeit it may impact non-wedding segment demand and prompt customers to opt for the unorganised sector.

Jewellery retailers suffered major disruptions in the last two quarters on account of closure of business, due to the jewellers 42-day strike which began in March 2016 in response to the Government regulations namely imposition of excise duty and mandatory pan card requirement for jewellery purchases above INR0.2m. Additionally, consumer demand for jewellery remained muted on account of high as well as volatile gold prices (gold prices have increased about 27% yoy in the H1CY16 to around INR30,000/10gm).

Powered by Capital Market - Live News