Thursday, October 31, 2013

Innovision Today :Cultivating innovating habit helps overcome problems

New thinking: Jegannatha Raja, of Rajapalayam has thought out-of-the-box to erect his own green house.-Photo: Special Arrangement
New thinking: Jegannatha Raja, of Rajapalayam has thought out-of-the-box to erect his own green house.-Photo: Special Arrangement

M J  Prabu : The Hindu :October 31, 2013

Absence of a suitable solution to overcome a present problem or
 not being satisfied with existing ones
 makes some farmers turn innovators.

“The main reason that makes them think and innovate something new could probably be that they are the best judge about the way to tackle the problem they are facing in their area,” says Mr. Vivekanandan, Executive Director, Sustainable Agriculture and Environmental Voluntary Action (SEVA), Madurai.

Idea genesis

Mr. K.S. Jegannatha Raja, a farmer and nursery owner in Rajapalayam is one such person whose out-of-the-box thinking led him to erect a greenhouse for his nursery in Rajapalayam, Tamil Nadu.
Usually big nurseries erect a greenhouse for maintaining the health of seedlings. Mr. Raja wanted to establish a greenhouse but the price quoted for erecting was more than Rs. 40,000.

The farmer designed his own greenhouse costing Rs.1,000. He used plastic pipes instead and a plastic sheet along with some nuts, bolts and iron bars. He found that direct sunlight penetrating the plastic sheets affected the newly developed buds/ tender leaves.

“Whenever direct sunlight does not fall on the plants I observed that the seedlings are normal and healthy. So I placed some coconut fronds on the top,” he says. By seeing this model two local farmers also followed this technique.

“So far in Tamil Nadu tamarind (kodukkapuli in Tamil) seedlings have been raised only through seedlings or seeds but Mr. Raja developed cleft grafting (sorugu ottu in Tamil) technique in tamarind and commercialised it,” says Mr. Vivekanandan.

Tamarind usually takes about 20 years to yield well while the grafted ones developed by Mr. Raja come to yield in four years.

Searching for the best

The farmer spent years in Sathur region in Virudhunagar surveying to identify the best mother tree for grafting. The tamarind developed by the farmer is deep red in colour and is considered ideal for making natural dyes.

He has also installed drip irrigation for his nursery. Unlike other places where the drip lines are on top of the soil Mr. Raja has buried the lines two feet under the soil. “I advise other farmers doing drip irrigation to follow the same technique because when you bury the line under the ground, rodents like rats or wild animals like boars do not damage the drip pipes,” he explains.

Another novelty

Another novelty about his work is that he grows his seedlings in plastic containers instead of poly bags.
Usually seedlings are grown in black coloured plastic bags in nurseries or in small mud pots and later transplanted to the ground.

But Mr. Raja felt that poly bags are a waste of investment since they are not durable and get torn after some months of watering.

No mud pots

The mud pots too are not conducive since they easily break so he made a sketch of his innovation and approached a local cottage unit in his area where plastic containers are manufactured. The manufacturers were not convinced about the idea of producing the plastic pots as expected by him.
The farmer got hold of a second hand dye model and altered it to make his own plastic containers. He feels that it costs only Rs.4.10 per plastic container which is more convenient than a conventional polythene bag.

Hold more water

“The containers hold more water and reduce the quantity of water requirement for nursery seedlings. There is no wastage or spillover of water while watering and the transport of seedlings is also much easier and there is no breakage as in mudpots.

“Root piercing out of bags is also negligible. Since it is a uniquely coloured model I am easily able to spot whether my seedlings have been stolen by others,” he says. The container can be used for one and half years according to him.

Personal need

His own requirements of plastic containers alone are about 30,000 in a year. He raises mango, guava, coconut, sandal and wood apple and manila tamarind (kodukkapuli in Tamil) seedlings in the plastic containers and sells about 25, 000 seedlings in a year.

In a year he is able to earn more than Rs.5-6 lakhs from selling his seedlings to farmers from different parts of the state. Recently the Development of Humane Action (DHAN) Foundation in Madurai conferred an award on the farmer for his indigenous innovations.

For more information interested farmers can contact Mr.K.S.Jegannatha Raja, Rajapalayam Nursery,168, Madurai Road, Cotton market, Rajapalayam: 626117,mobile: 94420 57077, 98421 22866.

Mighty October : Be strong... you never know who you are inspiring...

Motivation Picture Quote Be Stronger


Mighty October : 
Be strong... 
you never know who you are inspiring...


Wednesday, October 30, 2013

With $21 b, Mukesh Ambani tops Forbes list of India's richest once again


With a networth of $21 billion, Mukesh Ambani has retained his title as India’s wealthiest for the sixth year in a row, while the country’s 100 richest persons saw their collective wealth grow by a modest 3 per cent in a year.

NRI steel tycoon Lakshmi Mittal ($16 billion) also continues to hold the second position, while Sun Pharma’s Dilip Shanghvi has jumped to third place with a 50 per cent surge in his wealth to $13.9 billion, pushing IT czar Azim Premji to fourth place ($13.8 billion).

According to the US-based business magazine Forbes’ annual list of India’s 100 richest, released today, their total wealth grew by a modest 3 per cent from a year ago to $259 billion.

“Growth in wealth was lacklustre due to India’s stumbling economy, which has been hit by inflation and a falling rupee,” Forbes said.

Amid the sluggishness, Reliance Industries chief Mukesh Ambani and ArcelorMittal’s Lakshmi Mittal saw no change in their respective networths, but pharmaceutical industry titan Shanghi managed to buck the trend with a surge of $4.7 billion in his wealth to $13.9 billion.

Premji’s wealth also rose by $1.6 billion, but he could not retain his third slot.

Pallonji Mistry, patriarch of construction giant Shapoorji Pallonji Group, which is the biggest shareholder in Tata Sons, has moved down one place to fifth rank with a networth of $12.5 billion. His younger son Cyrus Mistry last year succeeded Ratan Tata as new Tata group head.

NRI businessmen the Hinduja brothers have moved up to sixth place ($9 billion), from their ninth position last year.

Shiv Nadar ($8.6 billion) has moved into the top-ten at seventh place, while Sunil Mittal has also returned to this league at 10th place ($6.6 billion). On the other hand, Essar group’s Ruia brothers and Jindal group’s Savitri Jindal have moved out from the group.

(This article was published on October 29, 2013)

Government Approves Thirteen Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 1258.53 Crore











Press  Note By  FDI :Tuesday, October 29, 2013


Government Approves Thirteen Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 1258.53 Crore

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on September 19, 2013, Government has approved thirteen (13) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1258.53 crore approximately.

                In addition, one proposal viz., M/s Axis Bank Ltd. Ahmedabad, amounting to Rs. 6265.76 crore has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA).  

Details of proposals in the Foreign Investment Promotion Board (FIPB) Meeting held on 19.9.2013.

Following thirteen (13) proposals have been approved:
Sl. No.
Name of theapplicant
Particulars of the proposal
FDI/NRI inflows
(Rs. in crore)
1
M/s IndianRotocraft Pvt. Ltd.
Amendment in the approved activities of the previous FC approval letter to replace the helicopter model as AW 119Kx, the upgraded model, in place of AW 119Ke, the discontinued model.
Nil
2
M/s BF ElbitAdvanced Systems Pvt. Ltd., Pune
Induction of foreign equity in defence sector.
37.44
(US $  6 million)
3
M/s Camson Bio Technologies Ltd., Karnataka
Issue of warrants to a foreign collaborator in the business of agricultural biotechnology.
32.18
4
M/s SD Bio Standard DignosticsLtd
Infusion of additional FDI in an existing foreign owned pharma company.
27.5
5
M/s ShanthaBiotechnics Pvt. Ltd.
An existing foreign investor in a brownfield pharma company to buy out the shares held by NRIs and Indian residents and to infuse fresh equity investment.
755.00
6
M/s EmpaysPayment System India Pvt. Ltd., Mumbai
To set-up a Multi- Bank Payment System using the Instant Mobile Transfer System (IMT).
27.50
7
M/s EquitasHoldings Pvt. Ltd.
A holding-cum-investment company in microfinance sector to increase FDI by issuance of equity shares and new foreign investors.
222.80
8
M/s Jaguar-Max Security Solutions Pvt. Ltd., New Delhi
Induction of foreign investment to carry out the business of Private Security Services company.
0.11
9
M/s Stork Titanium Pvt. Ltd., New Delhi
Induction of foreign investment to carry out the business of manufacturing, trading and dealing in titanium products.
156.00
(US $ 25 Million)
10
M/s StyrolutionSouth East Asia Pte. Ltd., Singapore
NR to NR transfer of shares within a group company by way of a block deal on the special trading window of BSE Ltd., /NSE Limited.
Nil
11
M/s HCL Technologies Ltd., New Delhi
Induction of direct foreign investment in its own total paid-up equity share capital and consequent indirect foreign investment in its wholly owned subsidiary.
Nil
12
M/s Cable & Wireless Pvt. Ltd.
Overseas group restructuring in telecom Sector Company without change in approved FDI/cap/investor.
Nil
13
M/s Multi Screen Media Pvt. Ltd.
To increase the foreign equity participation for production of television programmes in Indian anddownlinking   certain TV channels.
Nil



The following eight (8) proposals have been recommended to be deferred:
Sl. No
Name of the applicant
Particulars of the proposal
1
M/s SasMos Het Technologies Ltd., Bangalore
Post facto approval to undertake manufacturing of electronic warfare subsystems, parts and accessories for airborne ground and naval application etc.
2
M/s Jubilant AeronaticsPvt. Ltd.
Amendment in the approved activities of the approval letter in defence sector.

3
M/s Kinedex Healthcare Pvt. Ltd., Jaipur
Post facto approval for induction of foreign equity in the existing Indian pharma company.
4
M/s Laurus Labs Pvt. Ltd., Hyderabad
Downstream investment in an Indian pharmaceutical company by way of subscription to fresh allotment of equity shares.
5
M/s Soma Tollways Pvt. Ltd.
Post facto approval for increase in foreign equity in an investing company.
6
M/s M.D. Shajahan Bablu, Bangladesh
Bangladesh nationals to incorporate a company in India with 100% FDI to engage in trading of Raw Jute and Jute Products and Agro based products.
7
M/s Green Destinations Holdings, Mauritius
NR to NR transfer of shares before the expiry of lock-in period.
8
M/s Monsoon Capital LLC, USA
To make FDI investments directly or indirectly in an Indian Trust.

The following two (2) proposals have been recommended for rejection:
Sl. No
Name of the applicant
Particulars of the proposal
1
M/s SundaramRamaswamy, Gurgaon
Conversion of an existing Indian Company into a LLP and additional FDI infusion.
2
M/s SQS India InfosystemsPvt. Ltd., Pune
Post-facto approval for swap of shares to carry out the business of Software Testing Services.

The following one (1)  proposals have been advised to access automatic route. 
SlNo
Name of the applicant
Particulars of the proposal
1
M/s OctaniaAerostructure Group Pvt. Ltd., New Delhi
To issue equity shares to a foreign investor in lieu of technology transfer/knowhow to set up an aerospace machining and treatments company.

The following one (1) proposal has been advised that FIPB approval is not required:
Sl. No
Name of the applicant
Particulars of the proposal
1
M/s Advanta Pvt. Ltd.
Post-facto approval for induction of foreign investment into the company to carry out the business of Research, Production and marketing of hybrid seeds.

The following one (1) proposal has been recommended to advise the applicant that the proposal is not within the purview of FIPB:
Sl. No
Name of the applicant
Particulars of the proposal
1
M/s ArturaPharmaceuticals Pvt. Ltd., Tamil Nadu
Post-facto approval for delay of 6 months and 2 days in receiving part of the consideration for the issue of equity shares in an existing pharma company.

Decisions in the following five (5) proposals have been kept in abeyance

Sl. No
Name of the applicant
Particulars of the proposal

1
M/s Brampton Pvt. Ltd.
Clarification regarding limit on percentage of shareholding to be held either by Indian partner or foreign partner for forming the joint venture company.
2
M/s Acebright (India)Pharma Pvt. Ltd., Karnataka
A foreign owned Indian pharma company to receive additional foreign investment by way of fresh issue and transfer.  Post-facto approval is also sought for an earlier transfer.
3
M/s Manipal Technologies Ltd., Karnataka
Induction of foreign investment in order to invest in the subsidiary to enter into cards payment system management and processing services for all kinds of alternate delivery channels including ATM.
4
M/s AU Housing Finance Limited, Jaipur
An Indian Housing Finance Company proposes to increase direct and indirect foreign investment upto 95%, without meeting the minimum capitalization norm of USD 50 million.
5
M/s AerriantaInternational CPT, Ireland
To set up a 50:50 JV company to engage in running duty free shops at Mumbai airport.





The following one (1) proposal has been recommended for the consideration of CCEA, as the investment involved in the proposal  is above Rs. 1200 crore.
1
M/s Axis Bank Limited,Ahmedabad
A private bank proposes to increase the foreign equity from the existing 49% to 62%.

Singapore tops World Bank ‘Doing Business’ ranking; India slips to 134th


Rounding out the top five after Singapore were Hong Kong, New Zealand, the US and Denmark, unchanged from a year ago.  Photo: AP
Rounding out the top five after Singapore were Hong Kong, New Zealand, the US and Denmark, unchanged from a year ago. Photo: AP
. Bloomberg : MInt :  Ben Schenkel :  Tue, Oct 29 2013. 09 10 AM

Malaysia vaults to sixth from 12th a year ago; China slides five spots to 96th, while the UK drops to 10th from 7th
Washington: Malaysia advanced for the first time into a top 10 ranking of nations the World Bank deems friendliest to businesses as Singapore led the annual competitiveness scorecard for an eighth straight year.
Malaysia vaulted to sixth from 12th a year ago after easing procedures for registering a company, applying for a construction permit and getting electricity, the bank said in its 2014 Doing Business report. Rounding out the top five after Singapore were Hong Kong, New Zealand, the US and Denmark, unchanged from a year ago. China slid five spots to 96th, while the UK dropped to 10th from seventh.
Governments play a crucial role in supporting a dynamic ecosystem for firms, the Washington-based lender said in the report. Without good rules that are evenly enforced, entrepreneurs have a harder time starting and growing the small and medium-size firms that are the engines of growth and job creation for most economies around the world.
photo
World Bank president Jim Yong Kim pledged in June to improve the report, which he called an important catalyst in driving reforms around the world. Non-profit groups such as Oxfam have criticized it and India, which slid two spots to 134th, has questioned its methodology.
The study, in its 11th year, covered a record 189 economies, assessing them on measures such as the costliness of commercial regulations and the strength of public institutions. Nations are ranked based on indicators such as the time required to start a business, file tax returns and export or import goods.
Ukraine’s rise
The report counted 238 policy improvements, an increase of 18% from the previous year and the second-highest total since the financial crisis. Ukraine, rising to 112th after coming in 137th a year ago, was identified as the country that made the greatest progress with reforms, having simplified measures in areas such as customs, bankruptcy and a value-added tax.
Greece, whose insolvency helped trigger the European debt crisis, rose in the ranking to 72nd from 78th, while Spain, beset with a 26% unemployment rate, slipped to 52nd from 44th, according to the report.
Some emerging economies gained in the report, with Russia jumping to 92nd from 112th a year ago and being named among the most improved. Brazil rose to 116th from 130th, according to the report.
The publication has taken criticism for its ranking methodology. An outside review initiated by the World Bank last October found that the listing may create perverse incentives for governments seeking to perform better.
Kim’s support
Starting with next year’s report, responsibility for carrying out the research will move from the International Finance Corp., the World Bank unit that lends to the private sector, to the office of the chief economist, according to the bank.
“I am committed to the ’Doing Business’ report, and rankings have been part of its success,” Kim said in June, addressing the review panel’s conclusions.
The study’s criteria differ from those used in the World Economic Forum’s global competitiveness index, which accounts for macroeconomic stability and the level of public debt. The Geneva-based forum last month gave its top score to Switzerland, which was No. 29 in the World Bank’s latest report.
“We anticipate there will be a number of significant changes in the report’s methodology next year,” Augusto Lopez- Claros, a global indicators and analysis director at the World Bank, said in a conference call from Washington. “One probable change will be evaluating several cities per country rather than focusing on the city with the greatest business activity,” he said.
“The World Bank decided this year to test the conventional wisdom that doing well favours smaller governments,” Lopez- Claros said, because they are seen as having fewer cumbersome regulations. The report showed that governments with higher spending relative to gross domestic product tended to perform better on the indicators.
Chad is the worst place to do business, switching positions with Central African Republic, which ranked second-to-last, according to the World Bank