Saturday, May 11, 2013

Karnataka Election Watch (KEW) has analyzed the self-sworn affidavits of 218 out of the 223 newly elected MLAs in the Karnataka 2013 Assembly Elections. The following are the highlights  of the analysis. 
Asset Comparison of Re-elected MLAs:
1.  Number of Re-elected MLAs analyzed:  92 re-elected MLAs have been analyzed by KEW.
2.   Average Assets of Re-elected MLAs in 2008 ElectionsThe average assets of these 92 re-elected MLAs as declared in the Karnataka 2008 Assembly Elections is Rs 17.53 Crore.
3.   Average Assets of Re-elected MLAs in 2013 ElectionsThe average asset of these 92 re-elected MLAs now in 2013 is Rs30.15 Crore. 
4.   Average Asset growth of Re-elected MLAs in 5 years (2008-2013): The average assets of these 92 re-elected MLAs have grown by 72% or by Rs. 12.62 Crore.
5.   Average Asset growth of all MLAs in 5 years (2008-2013): The average asset per MLA in the Karnataka 2013 Assembly Elections is Rs 23.54 Crore. In 2008, it was Rs. 10.02 crores. This is an increase of nearly 135%. 
6.    Party Wise Average Asset Increase43 re-elected MLAs of INC have shown an average asset increase of Rs 17.57 crores, their assets have increased from Rs 29.64 crore in 2008 to 47.21 crores in 2013. Similarly for 30 MLAs of BJP the average asset increase is Rs 6.47 crores (Rs 7.37 crores in 2008 to Rs 13.84 crores in 2013). 12 re-elected MLAs of JD(S) have shown an average increase in assets of Rs 13.35 crores (from Rs 7.32 crores in 2008 to Rs 20.67 crores in 2013). 2 re-elected MLAs of BSRC showed an increase of Rs 11.85 crores (from Rs 10.40 crores in 2008 to Rs 22.25 crores in 2013), 3 re-elected IND MLAs have shown an increase of Rs. 4.54 crores, while 1 each re-elected MLAs of KJP and SP showed an increase of Rs 4.01 crores and Rs. 9.51 crores respectively.
7.    Highest growth In Assets in 5 years (2008-2013): The maximum growth in assets has been for D. K. Shivakumar of INC from Kanakapura Constituency. He has declared an increase of Rs. 175.9 crore i.e from Rs. 75.5 Crore in 2008 to Rs. 251 Crore in 2013. Assets of Priyakrishna of INC from Govindrajnagar have increased by Rs 143.36 Crore, i.e. from Rs. 767.6 crore in 2008 to Rs 910.9 Crore in 2013. Assets of Santhosh Lad of INC from Kalaghatgi Constituency have risen by Rs 124.8 Crore, from Rs 61.5 Crore in 2008 to Rs 186.4 Crore in 2013.

8.    Decline in Assets: 3 re-elected MLAs have shown a decrease in their assets from 2008 to 2013. They are: Pratapgowda Patil of INC from Maski Constituency with a decrease of 58% (from Rs. 94.18 lakhs in 2008 to 39.75 lakhs in 2013) followed by C.T. Ravi of BJP from Chickmagalur Constituency with 54% decrease in assets (from Rs.7.85 crores in 2008 to 3.59 crores in 2013) and S. Muniraju of BJP from Dasarahalli with 32% decrease in assets (from Rs. 20.12 crores in 2008 to 13.75 crores in 2013)  
·     Crorepati MLAs93% or 203 MLAs out of the 218 analyzed are crorepatis. In 2008, 63% MLAs were crorepatis.
·      Party Wise Crorepati MLAs: 95% or 112 out of 118 MLAs analyzed of INC are crorepatis followed by 93% or 37 out of 40 MLAs analyzed of BJP and 95% or 36 out of 38 MLAs analyzed of JD (S) are crorepatis
·     Average Assets: The average asset per MLA in the Karnataka 2013 Assembly Elections is Rs 23.54 Crore. In 2008, it was Rs. 10.02 crores. Among the re-elected MLAs for whom data is available, average assets of these 92 re-elected MLAs have grown by72% or by Rs. 12.62 Crore.
·      Party-wise Average AssetsParty-wise, the average asset per MLA for INC is Rs 31.39 Crore, for BJP it is Rs 13.06 Crore, for JD (S) it is Rs 12.13 Crore, for Independents it is Rs 22.96 Crore, for KJP is Rs 5.51 Crore and for BSRC it is Rs 11.68 Crore. 
·     Highest Asset MLAsPriya Krishna of INC from Govindrajnagar Constituency has declared the highest assets worth Rs. 910.98 crores, followed by N. Nagaraju (MTB) of INC from Hosakota Consituency with assets worth Rs 470.13 crore and Anil Lad of INC from Bellary City with assets worth Rs 288.98 Crore.  
·     Low Asset MLAs 3 MLAs have declared assets less than Rs. 50 Lakhs.
·     Lowest Asset MLAsHP Rajesh of INC from Jagalur Constituency has declared that he has assets worth only Rs. 7.50 Lakhs, followed by Pratapgowda Patil of INC from Maski Constituency with assets worth Rs. 39.75 Lakhs and Doddamani Ramakrishna Shidlingappa of INC from Shirahatti Consituency with assets worth Rs 40.67 Lakhs.
·     LiabilitiesA total of 21 MLAs out of the 218 analyzed have declared liabilities of Rs. 10 Crores and above.
·     Highest Liability MLAsThe top three MLAs with highest declared liabilities are (in decreasing order): Priya Krishna of INC from Govindrajnagar Constituency has declared the highest liabilities worth Rs. 777.79 Crores, followed by D.K Shivakumar of INC from Kanakapura Constituency with liabilities of Rs. 105.23 Crores and M.Krishnappa of INC from Vijaynagar Constituency with liabilities of Rs. 78.77 Crores.
·     Undeclared PAN 5% or 10 out of 218 MLAs analyzed from the Karnataka 2013 Assembly Elections have not declared their PAN details.
·     Undeclared PAN Party-wise5 out of 118 MLAs of INC have not declared their PAN. Similarly, 2 out of 38 from JD (S), 1 out of 6 of KJP, 1 out of 4 from BSRC and 1 SKP MLA have not declared PAN details.
·     MLAs who have declared Income191 MLAs out of the 218 analyzed have declared that they have filed their Income Tax Returns.
·     Highest Income declared in their last ITR: N.A. Harris of INC from Shantinagar Constituency has declared the highest income in his last filed ITR of Rs. 49.98 crores followed by N. Nagaraju of INC from Hosakote Constituency with an income of Rs. 21.12 crores and Pramod Madhawaraj of INC from Udupi Constituency with an income of Rs. 18.21 crores.
·      MLAs with Criminal Cases: 34% or 74 of the 218 MLAs analyzed have declared criminal cases against them. In 2008, 20% MLAs had declared criminal cases.
·      Party-Wise Criminal Cases: INC has 37 out of 118 (31 %), BJP has 13 out of 40 (33 %), JD(S) has 12 out of 38 (32 %), KJP has 3 out of 6 (50 %), BSRC has 2 out of 4 (50 %), SP has 1 out of 1 (100 %), KMP has 1 out of 1 (100 %), SKP had 1 out of 1 (100 %) MLAs who have declared criminal cases.
·      MLAs with Serious Criminal Cases:  Out of the 74 MLAs with criminal cases, 39 MLAs have declared serious criminal cases like attempt to murder, kidnapping, dacoity, assault against women etc.
·      MLAs who have declared Murder related Cases: 5 MLAs have declared that they have murder related cases against them. They are: Vijayananad Kashappanavar of INC from Hungund Consituency, BM Nagaraj of INC from Siruguppa Consituency, Sambhaji Lakshman Patil, an independent candidate from Belguam Dakshin, Dattatraya C. Patil Revoor of BJP from Gulbarga Dakshin Constituency and B. Sreeramulu of BSRC from Bellary Consitituency.
·      MLAs with cases under Prevention of Corruption Act: 11 MLAs have declared that they have been charged under Prevention of Corruption Act. Among them, 4 are from BJP, 3 from INC and 1 each from BSRC, KMP, KJP and an IND MLA.
·        Other Background details (Education, Gender, Age):
 MLAs’ Education 63% or 138 out of 218 MLAs analyzed are graduates and above.
 MLAs’ AgeA total of 17 MLAs are aged 40 or less. A total of 8 MLAs out of the total analyzed are aged 70 or above.
 Women MLAs: Out of all 218 MLAs, 5 (2%) are women in the Karnataka 2013 Assembly.  INC and BJP both have 2 women MLAs followed by JD(S) with one woman MLA. In 2008, 3 women MLAs got elected. 

Please find attached the Karnataka 2013 MLA report containing the analysis in detail.

Thanks & Regards,

Karnataka Election Watch (KEW):
Prof. Trilochan Sastry
M: +919448353285
 Harish Narasappa
M: +919886027804
Vasudev Sharma
M: +919448472513

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Prof Trilochan Sastry
IIM Bangalore

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National Election Watch,
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IIM Ahmedabad (Retd.)

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GM India Launches Chevrolet Enjoy Premium MPV

Latest in growing line-up of Chevrolet models developed for India
New Delhi: General Motors India today launched the Chevrolet Enjoy, its much-anticipated new-generation premium multi-purpose vehicle (MPV).
The Enjoy offers a spacious, stylish and comfortable ride. With Flexi-Smart Seven or Eight occupant seating variants, it addresses the growing need for a comfortable, spacious and stylish MPV for family travel and business use. It comes with a choice of SMARTECH diesel and petrol engines and has been tailored for Indian driving conditions and consumers.
“We believe this is the right product for India in one of the market’s fastest-growing segments. As a new leader in the segment, we expect the Enjoy to be very popular,” said GM India President and Managing Director, Lowell Paddock. “Its introduction is another sign of our commitment to make Chevrolet the most preferred vehicle brand in India,” added Mr. Paddock.
According to Mr. Paddock, “GM India achieved substantial localization at the start of regular production of the Enjoy, which is unprecedented for a global vehicle manufactured in India. This is significant not only for the local economy, but also benefits buyers through a lower cost of ownership as a result of lower parts prices and the ready availability of spare parts.”
With the launch of Chevrolet Enjoy, GM India today also unveiled its global brand vision in India – ‘Find New Roads,’ a philosophy that aligns design, engineering, marketing and customer experience under a single platform. As GM India continues to widen its customer outreach with a full line-up of vehicles across major segments, the new platform “Find New Roads” embraces the spirit of ingenuity that has been in Chevrolet’s DNA since the beginning and it will continue to guide every aspect of our business moving forward. The foundation of this new guiding principle is Chevrolet’s century-long legacy of innovation and commitment to doing the right thing for customers in terms of products and services.
Bold Exterior and Stylish Interior
The Enjoy has a length of 4,305 mm, a width of 1,680 mm, a height of 1,750 mm and a wheelbase of 2,720 mm, which match medium to high-end family sedans. Chevrolet Enjoy’s front styling is defined by the signature Chevrolet Gold Bowtie in the Chrome Surround Three-dimensional Grille and Leaf Style Fog Lamps. This is accentuated by the Chrome Surround Meshed Air Dam in the front bumper. The crisp crease lines in the bonnet rising towards the front windscreen define both agility & tension of the aerodynamic form. The well-defined rising shoulder line flows seamlessly from the edge of the headlamps to the tail lamps lending a dynamic stance to the Enjoy. Swoosh-style, jewel-effect, wrap-around headlamps add the brilliance of sparkling diamonds to the style quotient of the Enjoy with the triple-pod design for turn indicator, high & low beam. Enjoy is available in six exciting exterior colours: Velvet Red, Switchblade Silver, Summit White, Caviar Black, Linen Beige and Sandrift Grey. Inside, the richly-appointed luxurious dual tone interiors of the Chevrolet Enjoy adorn it with a premium feel. The wood-finish AC vents and door trim inserts enhance the styling. Triple Cluster Silver Surround Instrument Panel brings in sharp styling definition to the Panoramic-view Dashboard. Soothing blue night-time illumination of the instrument panel provides strain-free view of the cluster to the human eyes.
Super Spacious and Extremely Comfortable
The Enjoy stretches the boundaries of space and comfort. It can easily accommodate up to seven or eight passengers depending on the seating option selected. The Chevrolet Enjoy has been designed with the Open-Spaces theme. With its High Roof Design the Enjoy provides class leading headroom for all the occupants. Flexi-smart, double-folding, 3rd Row Seat provides a unique combination of both segment leading leg-space and flexibility of space utilization for luggage. The Theatre Seating arrangement, large side windows and Swing-type Rear Quarter Glass provide an uninterrupted view of the outside world for all occupants. The wide aisle between the second-row captain seats provides comfortable access to the third row seats. Rear AC with independent rear evaporator ensures powerful, quick and efficient cabin cooling for all the vehicle occupants. The rich leatherette or premium fabric upholstered seats in different trim levels of the Chevrolet Enjoy are designed to pamper the occupants in plushness. The Flexi-Smart third-row seats can be double folded for up to 630 liters of luggage space. Smart and well-thought-out storage spaces provide room for passengers to stow their belongings. Tilt Adjustable Steering, 12V Power Outlet in 3rd row, Front & Rear Power Windows, Power Adjustable OSRVM and Height Adjustable Driver Seat further enhance driver and occupant comfort.
Efficient SMARTECH Powertrains
The Enjoy is available with GM India’s new-generation SMARTECH petrol and diesel engines, which are powerful, deliver excellent fuel efficiency, smooth driving performance and low emissions meeting Bharat Stage IV – OBD-II standards. The 1.3-litre diesel engine, which is produced at GM India’s state-of-the-art Talegaon Powertrain facility, delivers maximum power of 77.5 PS @ 4,000 rpm and maximum torque of 188 Nm @ 1,750 rpm. The four-cylinder 1.4-litre petrol engine has maximum power of 104 PS @ 6,000 rpm and maximum torque of 131 Nm @ 4,400 rpm. In addition, every engine and transmission component has been extensively tested and validated for durability, performance and reliability across varying climatic conditions in India.
Superior Ride and Handling
The Rear-Wheel-Drive Enjoy has MacPherson struts in front and a five-link rear suspension along with a rigid Hybrid Chassis – an intelligent combination of monocoque structure and Body on Frame design, which works together to provide excellent ride quality over varied road conditions. Balanced weight distribution over its front and rear axles, makes the steering more precise and nimble. Gas-filled front and rear shock absorbers optimize damping to isolate road undulations, reducing fatigue-creating road vibrations. Steering, Suspension and Braking Systems have been fine tuned for Indian road & traffic conditions, ensuring superior ride and handling.
Safety and Security
In line with Chevrolet’s global focus on safety, the Enjoy has a host of active and passive safety features. It’s Safe Cage Body Structure which is supported by the extensive use of high-strength steel provides a cocoon of safety. Ten collision protection beams made of high-strength steel absorb and dissipate collision impact, protecting occupants.  The customers will have the option of selecting variants with Anti-lock Brake System (ABS) with Electronic Brake-force Distribution (EBD), Dual Front Air Bags, Rear Park Assist, Rear Window Defogger, Rear Wash and Wipe System, Rear Door Child Locks, Central Door Locking, Speed-Sensitive Auto Door Locks, and a Remote Key Locking & Un-locking System with an Electronic Anti-theft System along with the car identification function. The Enjoy comes with a three-year/100,000-km (whichever comes first) standard warranty. In addition, the industry unique 3 Year Chevrolet Promise on Enjoy will assure low cost of maintenance for three years or 45,000 km (whichever comes first). The Chevrolet Enjoy will be offered in three variants with two seating options.
About Chevrolet
Founded in 1911 in Detroit, Chevrolet is now one of the world’s largest car brands, doing business in more than 140 countries and selling more than 4.5 million Chevrolet cars and trucks alonein a year. The Chevrolet brand was introduced in India in 2003 and is now one of the fastest-growing automotive nameplates in the country. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design and high quality. The Chevrolet portfolio in India includes the Spark, Beat, Chevrolet SAIL, SAIL U-VA, Cruze, Tavera, Chevrolet Enjoy and Captiva. More information regarding Chevrolet models can be found at

Media Contact: GM India
AvishekDutta:, Ph: 0124-3080125
SaahilAnant:, Ph: 0124 3080285

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March IIP grows at 2.5%

The recovery in IIP growth is inspiring on good growth performance in capital goods segment supported by growth in basic goods production. However, its sustainability would require all-round efforts in removing impediments for business activity. There are a host of reforms, which if implemented could make the industry environment conducive for investments and help attain higher growth.

Growth in industry output, as measured in terms of IIP, for the month of March 2013 is estimated at 2.5% as compared with (-) 2.8% during March 2012. The cumulative growth for the period April-March 2012-13 stands at 1% as compared to 2.9% in the corresponding period of the previous year.

The growth in the three sectors mining, manufacturing and electricity in March 2013, stands at (-) 2.9%, 3.2% and 3.5% respectively as compared to (-) 1.1%, (-) 3.6% and 2.7% during March 2012 respectively. The cumulative growth for the period April- March 2012- 2013 in the three sectors mining, manufacturing and electricity over the corresponding year stands at (-) 2.5%, 1.2% and 4% respectively.

   Recent growth pattern in IIP                                                                              (% growth)
Industry Group
Weight in IIP
Apr- Mar
Use based classification
Basic goods
Capital goods
Intermediate goods
Consumer Goods
Consumer goods
a) Consumer durables
b) Consumer non-durables
Overall IIP




     Source: PHD Research Bureau, compiled from CSO

Basic goods have grown at 2.6% during March 2013 as compared to 1.1% during March 2012. The cumulative growth during April - March 2012-13 stands at 2.3% as compared to 5.5% during the corresponding period of last year. Consumer goods have grown at 1.6% during March 2013 as compared to 1.1% during March 2012. Consumer durables have grown at (-)4.5% during March 2013 as compared to 1.2% during corresponding period last year, while consumer non durables have grown at  6.5% during March 2013 as compared to 1% during March 2012.

The cumulative growth of consumer goods during Apr-March 2012-13 stands at 2.4% as against 4.4% during the corresponding period last year. Consumer durables have shown a cumulative growth of 2.1% during Apr-March 2012-13  as against 2.6% during Apr-March 2011-12, while consumer non durables have shown a cumulative growth of 2.7% during Apr-March 2012-13 as compared to 5.9% during Apr-March 2011-12.

Some of the important items showing high positive growth during the current month over the same month in previous year includes Cigarettes (28.4%), Woollen Carpets (83.1%), Apparels (175.0%), Leather Garments (49.9%), Fuel, Aviation Turbine (33.1%), Propylene (29.6%), Ethylene (40.3%), Air Conditioner (Room) (37.9%), Conductor, Aluminium (45.0%) and Cable, Rubber Insulated (247.3%).

Some of the other important items showing high negative growth are Synthetic Yarn (-) 24.8%, Terry Towel (-) 22.9%, Razor Blades/ Safety Blades (-) 29.4%, Fasteners (-) 27.2%, Heat Exchangers (-) 27.2%, Sugar Machinery (-) 64.6%, Plastic Machinery Incl. Moulding Machinery (-) 22.5% and Ship Building & Repairs (-) 30.3%.

Trend in IIP growth                                                                                                                       (%)
  Source: PHD Research Bureau, compiled from CSO

Capital goods have grown at 6.9% during March 2013 as compared to a growth of (-) 20.1% in March 2012. The cumulative growth of capital goods stands at (-) 6.3% during April- March 2012-13 as compared to (-) 4% during April- March 2011-12.

Trend in the growth of capital goods                                                                             (%)
  Source: PHD Research Bureau, compiled from CSO

Warm regards,

Dr. S P Sharma
Chief Economist
PHD Research Bureau
PHD Chamber of Commerce and Industry
August Kranti Marg, New Delhi – 110016

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