Wednesday 31 July 2013

Force Motors expands its Personal Vehicle Range

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New Force One Superior with advanced safety features of ABS and EBD.
New Force One Executive at an attractive ex-showroom price of Rs. 8.99 lacs
Delhi, July 31, 2013 : Force Motors expands it presence with the launch Force One SX and Force One EX. The 4×2 Force One SX comes with advanced safety features of Anti-lock Braking System (ABS) and Electronic Brake force Distribution (EBD) along with high end, new age comfort and convenience features like driver information system, progressive cruise control, steering mounted audio controls, electrically operated OSRVM with side indicators, reverse parking sensors and plush leather seats.
The sixteen inch alloy wheels coupled with the 205mm high ground clearance give the FORCE ONE SX formidable road presence. Its 2.2 litre Common rail, 16valves, OHC, Turbocharged diesel engine developing 141Ps is made under license from Daimler AG Germany. The entire onboard electronics is audited and validated by Mercedes-Benz Technologies Germany. The ride and handling has been fine tuned by Lotus Engineering UK. FORCE ONE SX is priced Rs. 11.99 lakhs (ex-Showroom Delhi).
The Force One EX is targeted specifically at the glue minded customer in the Tier 2 and Tier 3 towns. It is powered by the proven 82 Ps Mercedes OM616 derived TCIC DI Engine which is mated to the trustworthy Mercedes G1-18 derived 5 speed synchromesh gear box.
All front facing seats offer best-in-class head room, legroom in second as well as third row. The new sturdy C-in-C chassis, the independent front suspension with coil springs and anti-roll bars in the front and the rear offer unmatched ride quality both on tarmac and rough rural roads. Powerful ventilated discs with twin pot four piston calipers in the front and vacuum assisted hydraulic drum brakes in the rear ensure sure stop braking.
Other premium features of the Force One EX include projector head lamps, body color bumpers, wheel arches, electrically operated ORVMs, central locking, power windows with individual control, 3-row air conditioning (HVAC) and sleek tail gate spoiler with brake light. The FORCE ONE EX is priced at a very attractive Rs. 8.99 Lacs (ex-Showroom PAN India)
Its reliability, low cost of operations and generous space make it an ideal choice not only for personal use but also for comfortable inter-city travel. No other vehicle in this class offers so much space and ride comfort at such an attractive price point. With introduction of SX and EX, Force One will cater to needs of the discerning SUV buyers who are looking for an impressive, spacious and comfortable vehicle.
Both the Force One SX and EX come with an unmatched warranty of 3 years or 1 lac km and will be available across the country through Force Motors nationwide network of exclusive Personal Vehicle Dealers. The Force One SX is available in four metallic colours Bold Black, Fierce Red, Robust Blue, Emphatic Grey and one solid Intense White whereas the Force One EX will be available in metallic Moon-dust Silver, Bold Black and solid Intense White.
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ABOUT FORCE MOTORS
Force Motors, was established in 1958 by Shri N. K. Firodia, with the vision to provide affordable commercial transport for the masses by harnessing the best available technology and offering economical, reliable and efficient products. Force Motors continues in his vision of providing efficient, utilitarian vehicles that empower the individual entrepreneur to meet his and countryⳊever changing needs.
Today, Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. Its range includes Trump small commercial vehicles, Trax multi-utility and cross country vehicles, Traveller light commercial vehicles and the Balwan range of Agricultural Tractors.
Force Motors has recently entered into the personal vehicles arena with the launch of a genre leading sports utility vehicle, the FORCE ONE in August 2011. The Gurkha was the second vehicle to be launched under the Personal Vehicles Division and was launched in 2013.ࠗith addition of Force One EX and SX, the Personal Vehicle dealers will cater to a wide range of price points starting from 6.25 lacs to 11.99 lacs.
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For more information, contact:༯span>
Nisha@9811651210, Meenakshi@9958807057, Nidhi@9711121757, Regional PR

Single Window Clearance To Promote India as A Films Hub and Destination

Single Window Clearance To Promote India as A Films Hub and Destination – Secretary (I&B)

I&B Ministry Develops Sop for Film Shooting in India Online Portal and Website to Facilitate Applications Ministry Convenes National Workshop on ‘Single Window’ Clearance
The Ministry of Information & Broadcasting will be working to mainstream a synchronized ‘Standard Operating Procedures (SOP)’ for obtaining permissions for films shooting in India for both Indian and foreign film producers. This would lead to institutionalization and standardized benchmarks for each critical stakeholder involved in the process. The benchmarks identified in the SOP would clearly identify the responsibility of critical stakeholders in terms of clearances / timelines/ permissions required for films shooting. This was stated by Secretary (I&B), Shri Bimal Julka while delivering his inaugural address at the National Workshop on ‘Single Window Clearance for Film Shooting in India’ here today.

Regarding the initiative of the Ministry, Secretary mentioned that the Ministry was in the process of developing a dedicated online portal for operationalising the ‘Single Window Clearance’ System. The website would include the data on various requirements such as custom clearances, visas, cultural sensibilities etc. A Production Resource Guide highlighting different aspects of production as well as logistics and a digital location library of panaromic images of potential production locations would also form an important component of the online portal. The website will also include information on state-wise facilities like transport, hospitality, medical and other local information for the applicants.

Highlighting the importance of Social Media in the changed communication paradigm, Shri Julka said that the Ministry would actively utilize the new media platforms to provide real time information and facilitate active engagement and interaction with key stakeholders on the single window clearance mechanism. This would enable the seamless transition to online application process.

Elaborating further, Shri Julka said that the challenge before the ministry was to outline steps that would encourage producers to avail of the facility. The roadmap needed to include steps involving the simplification of the process, incentivization of various principles and inputs which would lead to India as a filming hub and synergize the link between films and tourism as the case world over.

During the inaugural session, Shri Raghvendra Singh, Joint Secretary (Films) made a presentation on facilitation of film production in India highlighting the growth of Indian Film Industry in view of the surge of domestic theatrical revenue which grew by 24% and contributed 76% to the Rs.124 billion Indian Film Industry. The relevance of digital dominance was also touched upon highlighting the share of digital format increasing to 80% in 2012. The presentation also touched upon the revenue assessment in view of the exponential growth in theatrical revenue. An overview was also provided regarding the increasing number of co-productions in the country and the deliberations of the Inter-Ministerial Committee constituted to fast track the process.

The day long workshop included interactions with key stakeholders including senior officers from key departments involved at the central level, state government representatives, film producers/ line producers and bodies such as FICCI. A first of its kind, the workshop was organised to review the experiences of the past and the obstacles that many a times led to delays in providing timely clearances/ permissions
Coal PSUs Contributes Rs. 125 Crores for Uttarakhand Relief Work
Public Sector Undertakings (PSUs) under the Ministry of Coal have so far contributed Rs. 125 Crores for relief and rehabilitation work in Uttrakhnand. Out of this Rs. 92.5 Crore have been contributed towards, Chief Minister’s Relief Fund and Rs.33.5 crore to Prime Minister’s National Relief Fund.

The contribution includes Rs. 50 Crores from Coal India Limited (CIL), Rs. 22.4 crore from Northern Coal Field Limited( NCL), Rs. 27 crore by Bharat Coking Coal limited (BCCL) and more than Rs. 6 crore from Western Coalfields Ltd. The cheques for the noble cause presented earlier to Union Minister of Coal, Shri Sriprakash Jaiswal by the PSUs have been forwarded to concerned funds.

Today the Union Minister for Coal, also received a cheque of Rs. 7.7 crore from the South Eastern Coalfields Limited, a cheque of Rs. 7.5 crore from the Eastern Coalfields Limited, and a cheque of Rs. 2.7 Crores from Neyveli Lignite Corporation Ltd. These contributions are made from one day’s salary of the employees of the PSUs. The cheques were presented by Shri N.Kumar, CMD, SECL, Shri Rakesh Sinha,CMD, ECL and Shri B.Surender, CMD, NLC in the presence of Shri S.K. Srivastava, Secretary Coal, Shri S. Narsing Rao CMD Coal India Ltd. and other senior official of PSUs .

The Coal Minister, Shri Sriprakash Jaiswal has appreciated the concern displayed by Coal PSUs employees for a worthy cause. 

Tuesday 30 July 2013

June 2013 Gross Bank Credit grows at 13.1%


June 2013 Gross Bank Credit grows at 13.1%

On a year-on-year basis, gross bank credit increased by 13.1% in June 2013 as compared with 14.8% in May 2013. Food credit increased by 3% in June 2013 as compared with 9% in May 2013 and non-food bank credit increased by 13.4% in June 2013 as compared with 14.9% in May 2013.

The credit to NBFCs increased by 1.9% in June 2013 as compared with 2.8% in May 2013. The credit to agriculture increased by 9.9% in June 2013 as against 11.2% in May 2013.

The gross bank credit stands at Rs. 51,019 billion as on June 2013 as compared to Rs.50, 605 billion as on May 2013.


  Monthly trend in growth of gross bank credit (%)                                                                           (YoY)
Source: PHD Research Bureau, compiled from RBI


Credit to industry increased by 14.1% in June 2013 as compared to 15.5% during May 2013. The deceleration in credit growth to industry in the month of June 2013 was observed in all the major sub-sectors, barring food processing, textiles,leather & leather productscement & cement products & infrastructure.

The services sector credit increased by 12.1% in June 2013 as compared with 14.6% in May 2013. Personal loans increased by 15.6% in June 2013 as compared with 16.3% in May 2013. Growth in the components of personal loans in June 2013 stood at housing (17%), advances against fixed deposits (20.6%), advances to individuals against shares, bonds, etc. (8%), education (9.1%) and vehicle loans (24.2%).

  Deployment of Gross Bank Credit by major sectors                                                                   (Rs. Billion)
Sector
May
2013*
June 2013**
May 2013^ (Y-O-Y growth)
June 2013^^
(Y-O-Y growth)
(%)
(%)
Gross Bank Credit
50605
51019
14.8
13.1
Food Credit
1158
1101
9.0
3.0
Non-food Credit
49447
49918
14.9
13.4
Agriculture & Allied Activities
6034
6051
11.2
9.9
Industry (Micro & Small, Medium and Large )
22593
22820
15.5
14.1
Services
11547
11699
14.6
12.1
Personal Loans
9273
9348
16.3
15.6
Priority Sector
16166
16105
16.3
14.7
Source: PHD Research Bureau, compiled from RBI
Note: Data are provisional and are collected on a monthly basis from select 47 scheduled commercial banks accounting for
 about 95% of the total non-food credit deployed by all scheduled commercial banks;
  * Data pertains as on May 31, 2013, ** Data pertains as on June 28, 2013, ^Data pertains as on May 31, 2013 over May 18, 2012
^^ Data pertains as on June 28,2013 over June 29, 2012


Warm regards,

Dr. S P Sharma



First Quarter Monetary Policy (2013-14) Update
July 30, 2013


§        Policy repo rate under the liquidity adjustment facility (LAF) has been kept unchanged at 7.25%.
§        CRR of scheduled banks has been retained at 4% of their net demand and time liabilities (NDTL).
§        The reverse repo rate under the LAF determined with a spread of 100 basis points below the repo rate, stands at 6.25%.
§         The marginal standing facility (MSF) rate remains unchanged at 300 basis points above the repo rate at 10.25%.
§         The Bank Rate stands at 10.25%.

All Members,
Macroeconomic and Monetary Developments: First Quarter Review 2013-14
Growth is expected to improve slowly as the year progresses, but recovery is likely to be slow. Various surveys indicate further drop in business confidence with the Reserve Bank's Industrial Outlook Survey showing weakening of business sentiments in Q1 of 2013-14 to a three year low, though expectations showed improvement for Q2. WPI inflation has moderated to below 5%, while consumer price inflation has remained at an elevated level of near double digits. Upside risks persist with recent rupee depreciation and rise in crude prices amidst geo-political uncertainties in the Middle East .
Professional forecasters outside the Reserve Bank project modest recovery in 2013-14 at 5.7%. The latest forecast is a downward revision from 6% in May 2013. Their average WPI inflation projection of 5.3% for 2013-14 marks a sharp downward revision from 6.5% in May 2013.
Summary of macroeconomic and monetary developments in First Quarter Review 2013-14: RBI

Global economy : Global growth stays weak, financial markets enter periods of fresh turbulence -- Global growth remained subdued, with improvements in some advanced economies (AEs), especially the US and Japan, getting counterbalanced by slowing growth in key emerging and developing economies. Global commodity price inflation is expected to remain contained in the near term, in part helped by slowing growth in China . However, upside risks to global crude oil prices remain from rising political uncertainties in the Middle East . Global financial markets have entered into a period of fresh turbulence, with re-pricing of risks from likely tapering of quantitative easing. Going forward, interest rates could continue to harden and financial conditions could tighten further, keeping markets episodically under stress.

Indian economy: Slow paced likely to take shape later in the year -- The Indian economy continued to remain sluggish in fourth quarter of 2012-13. Leading indicators do not suggest immediate improvement in production activity and a slow-paced recovery is likely to take shape only later in 2013-14, supported by good monsoon that could shore up rural demand. The progress of monsoon has been encouraging and agricultural growth is likely to pick up. The Reserve Bank’s production weighted rainfall index indicates that the rainfall so far was 17% higher than the long period average. Water levels in major reservoirs are now 66% above past average. Industrial growth remains subdued and supply-side bottlenecks are constraining core industries. Lead indicators of service sector and the Reserve Bank’s Service Sector Composite Indicator signal moderation in Q1 of 2013-14.

Aggregate Demand: Slack exists with decelerating consumption and investment -- Aggregate demand continues to be weak with deceleration in consumption and investment. Government initiatives have started addressing infrastructure bottlenecks, although the progress is slow. Nearly half of 566 large central sector projects are delayed and have cost overruns of about 18%. Tax collection has remained weak during 2013-14 so far. If the revenues fall short of the budget estimates due to growth slowdown, a cutback in expenditure will be required. Therefore, currently it is important to restrain subsidy commitments and increase public investment to crowd-in private investments

External Sector: Need to reduce the Current Account Deficit and ensure it’s financing through stable flows -- Even though the current account deficit (CAD) to GDP ratio moderated to 3.8% in Q4 of 2012-13 from 6.5% in Q3 of 2012-13, indications are that it may have widened again in Q1 of 2013-14. Trade deficit has widened in Q1 of 2013-14 on account of contraction in exports and sharp increase in imports of gold. Going forward, the current account is expected to show improvement. The demand for gold is likely to decline with increase in customs duty and rationalization of gold import policy. While CAD may fall in 2013-14, risks to CAD financing have increased with firming up of US yields that caused global bond sell off and capital outflows from Emerging and Developing Economies, including India .

Monetary and Liquidity Conditions: Policy recalibration became necessary with increased macro-financial risk -- The Reserve Bank eased monetary policy in 2012-13 and in early May 2013 with 125 basis points cut in policy rate. The transmission of this easing has reduced weighted average lending rates of banks by 47 basis points. The policy, however, was recalibrated and liquidity was tightened in July 2013, with a view to restoring stability to the foreign exchange market. The Reserve Bank raised the marginal standing facility rate and the bank rate, restricted access to borrowing under liquidity adjustment facility, stipulated higher daily maintenance of cash reserve ratio and undertook open market sales of government securities.

Broad money (M3) growth stayed in line with the indicative trajectory, but the deceleration in domestic growth and deterioration in asset quality of the banking sector has kept credit growth below the indicative trajectory in Q1 of 2013-14. Going forward, the Reserve Bank will endeavor to actively manage liquidity to reinforce monetary transmission that is consistent with the growth-inflation balance and macro-financial stability.

Financial Markets: Contagion from global bond sell off generates stress in Indian financial markets-- The policy statements by the US Fed in May 2013 accentuated the global bond sell off which also made the markets jittery, leading to significant volatility in bonds, currencies, commodities and equities in emerging and developing economies. Contagion from markets across Asia spilled over to India as well. Policy action was taken on a wide front to limit these spillovers. This helped stabilize exchange rate of rupee, though money market rates and bond yields hardened. The exchange rate of the rupee that had depreciated following the Fed's May 22, 2013 testimony by 7.5% till the July 15, subsequently appreciated by 1.9% till July 26 following the Reserve Bank measures.

Price SituationHeadline inflation moderates, but upside risks persists-- Moderation of global commodity prices, negative output gap and past monetary policy actions contributed to fall in headline WPI inflation. Non-food manufactured products inflation declined sharply to its lowest level in the past three years. For the last 15 months, however, CPI inflation has hovered around double digit-levels. Food inflation rose in May and June 2013 and put pressures on general price-level. These pressures could moderate somewhat if the monsoon remains on track during the rest of the season. Recent currency depreciation and upward revisions in fuel prices have increased upside risks to both wholesale and consumer price inflation

Warm regards,

Dr. S P Sharma

Sunday 28 July 2013

Walmart stops lobbying with US lawmakers on India-

Global retail giant Walmart has stopped its lobbying with the US lawmakers on India-specific issues, after continuously seeking their support for about five years to facilitate its entry into the high growth Indian market.

The disclosure comes at a time when Indian government is preparing a report to be presented in Parliament next month based on findings of a probe into Walmart's US lobbying activities for getting an access to India.

According to the latest lobbying disclosure reports filed by Walmart and its registered lobbyists with the US Senate and the House of Representatives, the company spent about 12 crore rupees on various lobbying activities during the second quarter ended June 30.

However, no India-specific matter figures among close to three dozen issues discussed by Walmart and its lobbyists with the lawmakers in the US during this period.

The company had spent a similar amount of about 12 crore rupees in the previous quarter as well on its lobbying activities.

Walmart and many other overseas supermarket chains have been wanting to set shop for many years in India, which opened up this business for foreign players last year with a 51 per cent equity cap despite stiff political opposition.

Ricoh India launch new products

Ricoh India launch two new products in printing.
 First models with speeds of 80 pages A4 per minute.

Machine as has print resolution of 1200x400 dpi.
Second model prints 90 , A4 page per minute with  1200x1200 dpi.

Saturday 27 July 2013

Fitness Workshops (@ Punjabi Bagh Club Garden, Open Air)
New Delhi, 27th July ‘2013: We have organized a workshop on Fitness Education and the latest trends of fitness. We told the right way of fitness to general public, where people of all age group (6 years to 75 years) had joined this workshop. Also there was a tournament for people to challenge their fitness level. There were different categories, for the tournament like , kids , females males, and 50 plus age group and also a group of high intensity workout people.
We informed general public about the new trends of fitness, the new developments that are happening in the fitness industry on an international level.       We have told everybody about the diet according to the body type and blood type.
Main key points highlighted in the workshop, was informing people how they can correct and improve their lifestyle, and enhance health.
Guided about BMXStregth ® Technique:
We have given a brief introduction about BMXStregth ®, (A Bio Mechanics Exercise), a technique of exercises, where body movements are very friendly with the joints and connective tissues, which gives maximum results, in shorter time. We have also used this technique in different form of exercises like, Power Yoga, Pilates, Cross Fit, Kick Boxing and lot of other exercises. Told everybody about their body posture correction so that they can develop their flexibility. Everybody who participated in the workshop has enjoyed all the exercises and fitness challenges.
In total of 200 people has taken the participation in the workshop (in Punjabi Bagh Club Garden), Neeraj Mehta (Nutrition and Fitness Expert), and his team of 30 trainers have guided,  the right techniques for exercise.
Brief about: Neeraj Mehta (fitness expert) 
Neeraj Mehta is one of the few people, whose purpose was fixed early in life. From the beginning, wellness and physical discipline became his mantra. Healthy life, including words such as the fitness, health, exercise, became his life. He also participated in many competitions in which he always won. He participated in lot of games in which physical efficiency was required like Martial Arts, Hata Yoga,  Strength Sports and so on. He gradually started analyzing his physical movements and exercise techniques, and educated himself in Human Anatomy and Biomechanics and also did years of R&D of different body movements. Studied and mastered in 14 different physical exercise forms. He only invented and introduced BMXStrength ®, technique, globally. Which is registered trademark and patented by Neeraj Mehta only.
Neeraj Mehta is the director of, GFFI Fitness Academy. GFFI Fitness Academy is the First recognized academy (started 15 years back) for certification and continuing education in India. GFFI provides courses such Personal Trainer / Gym Instructor, Yoga Teacher, Pilates Instructor, Aerobic / Group Instructor, Senior Fitness Coach, Sports Nutrition, Advance Fitness Trainer, etc. He is also the director of Fitness Alive (Fitness Alive Gym, Punjabi Bagh and Paschim Vihar),
For more information, please contact:

Sujoy Kumar Chowdhury
Impact PR
9310333597

Neeraj Mehta
Fitness Expert,
Fitness Academy Director GFFI
Director Fitness Alive Gym
35, NWA, Punjabi Bagh West
Punjabi Bagh Club Road
New Delhi 110026
KAE

Screening of Asiatic lions for PPRV and CDV viruses

27072013
  A report in ‘Economic Times, London’ dated 16th May, 2013 reported about Canine Distemper Virus (CDV) detected in Asiatic lions. An inquiry subsequently done revealed that the quoted research work itself has confirmed absence of CDV in the sample of Asiatic lions indicating that research on puts were in fact, contrary to this news report which was not based on  facts.
            In this connection Gujarat Forest Department, with intension of scientific conclusion regarding the presence or absence of CDV and PPRV (Pestes Des Petits Ruminants Virus) as well as to help management/conservation of Asiatic lions in Gujarat, entrusted the job of screening the Asiatic lions for these viruses to Gujarat State Bio-Technology Mission (GSBTM) working under the Department of Science and Technology, Government of Gujarat.
            GSBTM report date 25th July, 2013 confirmed that, both viruses CDV and PPRV- were found to be absence in the tissue samples of all the 10- Asiatic lions (6-males and 4-femals) which constituted the sample out of which,  7 were from wild (5-males and 2-females) and 3 from captivity (1-male, 2-females). The animal tissue samples were collected as opportunistic collection from lions (injured/rescued etc.). Therefore, the sampling was quite random. GSBTM has also communicated that the RT PCR based assay using specific primers were successfully used to verify absence of CDV and PPRV in the chosen lion tissues.
            This investigation report further confirmed incorrectness of 16th May report. The State Forest Department is not only sensitive and vigilant about the issue, but the state has also acquired capabilities of high -end scientific investigations with the help of GSBTM who would go a long way in scientific management of lions in the state.

Dr. C. N. Pandey
Principal Chief Conservator of Forests (Wildlife)
Gujarat