Thursday, August 1, 2013



June Fiscal Deficit at 48.4% of Actuals to FY14BEs

The gross fiscal deficit of the Central government stands at 48.4% of the actuals to budget estimates at the end of June 2013 as compared to 37.1% of the actuals to budget estimates in the corresponding period of the previous year. The primary deficit significantly increased to 117.2% of the actuals to budget estimates at the end of June 2013 as compared to 67% of the actuals to budget estimates during corresponding period of the previous year.


 Differentials in use of fiscal deficit space by June 2013 vis-୶is June 2012               (in %)
Source: PHD Research Bureau, compiled from Government of India accounts, Government of India
Note: The Fiscal deficit data pertains to the end of the respective month
 The data for February 2013 and February 2012 pertains to actuals to revised estimates
* indicates data at the end of respective financial year and are % of actuals to revised estimates

The revenue receipts at the end of June 2013 of the central government stands at 11.1% of the actuals to budget estimates as compared with 12.7% of the actuals to budget estimates at the end of June 2012.   

Fiscal position for June FY2014 vis-୶is June FY2013
Month
% of Actuals to Budget Estimates FY2014*
% of Actuals to Budgeted Estimates FY2013*
% of Actuals to Budgeted Estimates FY2012*
April
17.3
13.1
18.1
May
33.3
27.6
31.7
June
48.4
37.1
39.4
July
 --
51.5
55.4
August
 --
65.7
66.3
September
 --
65.6
68
October
 --
71.6
74.4
November
 --
80.4
85.6
December
 --
78.8
92.3
January
 --
90.7
105.4
February**
 --
97.4
94.6
March
 --
94^
98.9^
Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India
Note: * Data pertains to the end of the respective month
** Data for February 2013 and February 2012 pertains to actuals to revised estimates
^ indicates data at the end of respective financial year and are % of actuals to revised estimates

The government’s market borrowing stands at 35% of the actuals to budget estimates at the end of June 2013 as compared with 36% of the actuals to budget estimates at the end of June 2012. The domestic financing stands at 49% of the actuals to budget estimates at the end of June 2013, higher as compared to 38% of the actuals to budget estimates at the end of June 2012. The external financing of the government stands at 4% of the actuals to budget estimates at the end of June 2013 as against (-) 15% of the actuals to budget estimates at the end of June 2012. The total financing of the central government stands at 48% of the actuals to budget estimates at the end of June 2013 as against 37% of the actuals to budget estimates during the corresponding period of previous year.

   Sources of financing the deficit                                                                              (%)
 Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India
Note: Data pertains to the end of the June 2012 and June 2013
Second C K Prahalad Memorial Lecture 2013
delivered by
 
S Ramadorai
Vice Chairman, Tata Consultancy Services &
Advisor to the Prime Minister in the National Skill Development Council

on
Skills Development
 

  Saturday, August 3; 2013: 10:30 – 12:00 hrs
 Park Sheraton, Chennai

 
Aspen Institute India and Confederation of Indian Industry cordially invite you to the Second C K Prahalad Memorial Lecture 2013.  Dr C K Prahalad (1941-2010), management guru, teacher, thinker and visionary was passionate in his belief of India’s inherent potential and its chosen destiny. He  strongly felt that a country with a billion people - with 500 million young certified skilled technicians -  should not look outward for “best practices” but innovate “next practices”.
His belief in the Indian capacity for innovation, given its diversity and interrogative intellectual traditions made him celebrate Indian achievement and achievers. In all of these he also demonstrated his belief that innovation should focus on those at the bottom of the pyramid. His contributions in management like ‘competitive advantage’, strategy as stretch’, fortune at the bottom of the pyramid’ and ‘co-creation’ will continue to excite students and colleagues to walk those roads.
Mr S Ramadorai, Vice Chairman, Tata Consultancy Services & Advisor to the Prime Minister in the National Skill Development Council, will deliver the Memorial Lecture.   Mr M V Subbiah, Former Chairman, Murugappa Group will Chair the proceedings.  

WHEN
Saturday, August 3; 2013: 10:30 – 12:00 hrs
Registration begins at 10:00 hrs. Please be seated by 10:15 hrs. 

WHERE
Mowbrays and Chamiyars Hall, Park Sheraton
TTK Road, Chennai 600018

RSVP
Friday, August 02, 2013 by 17:00 hrs

Please respond by
 clicking here


Keynote Speaker


S. RamadoraiVice Chairman, Tata Consultancy Services & Advisor to the Prime Minister in the National Skill Development Council

In February 2011, S Ramadorai stepped into public service when the Indian Government appointed him as the Advisor to the Prime Minister in the National Skill Development Council, in the rank of Cabinet Minister. The Council, which is headed by the Prime Minister, seeks to develop a strategy for Skill Development at the National level with a view to address the skill deficit. Ramadorai, continues as the Vice - Chairman of Tata Consultancy Services Ltd, a company he has been associated with for the past 41 years. Ramadorai is also the Chairman of other Tata companies - Tata Elxsi Ltd, Tata Technologies Ltd and CMC Ltd.  He is on the Boards of a number of non Tata companies and educational institutions - Hindustan Unilever Limited, Bombay Stock Exchange and the MIT Sloan School of Management (EMSAB). In recognition of Ramadorai’s commitment and dedication to the IT industry he was awarded the Padma Bhushan (India's third highest civilian honour) in January 2006. In April 2009, he was awarded the CBE (Commander of the Order of the British Empire) by Her Majesty Queen Elizabeth II for his contribution to the Indo-British economic relations. His academic credentials include a Bachelors degree in Physics from Delhi University (India), a Bachelor of Engineering degree in Electronics and Telecommunications from the Indian Institute of Science, Bangalore (India) and a Masters degree in Computer Science from the University of California – UCLA (USA). In 1993, Ramadorai attended the Sloan School of Management’s highly acclaimed Senior Executive Development Program.
 

Breastfeeding week from 1 to 7 August.

Breastfeeding: Only 1 in 5 countries fully implement WHO’s infant formula Code
GENEVA¦ 30 July 2013 – Only 37 countries, or 19% of those reporting, have passed laws reflecting all the recommendations of the International Code of Marketing of Breast-milk Substitutes, according to a new World Health Organization (WHO) report published during World Breastfeeding Week. The week is celebrated in more than 170 countries from 1 to 7 August.
Breastfeeding is the best source of nourishment for infants and young children and one of the most effective ways to ensure child health and survival. People who were breastfed as babies are less likely to be overweight or obese later in life. They may also be less prone to diabetes and perform better in intelligence tests; but globally only an estimated 38% of infants are exclusively breastfed for six months.
“Nearly all mothers are physically able to breastfeed and will do so if they have accurate information and support,” said Dr Carmen Casanovas, breastfeeding expert with WHO’s Department of Nutrition for Health and Development. “But in many cases, women are discouraged from doing so, and are misled to believe that they are giving their children a better start in life by buying commercial substitutes.”
Only 37 of the 199 countries (19%) reporting to WHO on implementation of the Code have passed laws reflecting all of its recommendations. For example:
  *  69 countries (35%) fully prohibit advertising of breast-milk substitutes;
  *  62 (31%) completely prohibit free samples or low-cost supplies for health services;
  *  64 (32%) completely prohibit gifts of any kind from relevant manufacturers to health workers;
  *  83 (42%) require a message about the superiority of breastfeeding on breast-milk substitute labels;
  *  Only 45 countries (23%) report having a functioning implementation and monitoring system.
Mothers are often inundated with incorrect and biased information both directly, through advertising, health claims, information packs and sales representatives, and indirectly through the public health system, the report notes. For example, distribution of “educational materials” on breastfeeding produced by manufacturers of infant formula have a negative impact on exclusive breastfeeding especially on mothers of first-born children and those with less formal education. The distribution of samples of infant formula also has an adverse impact on breastfeeding.
Over concern that breast-milk substitutes were being marketed to mothers too aggressively, the 27th World Health Assembly in 1974 urged Member States to review sales promotion activities on baby foods and to introduce appropriate remedial measures, including advertisement codes and legislation where necessary. This led, in 1981, to agreement on the International Code of Marketing of Breast-milk Substitutes, and the adoption of several subsequent resolutions on the matter.
“Full implementation of the Code is vital for reducing or eliminating all forms of promotion of breast-milk substitutes, including direct and indirect promotion to pregnant women and mothers of infants and young children,” said Dr Casanovas.
WHO supports countries with implementation and monitoring of the Code and the Comprehensive implementation plan on maternal, infant and young child nutrition which aims to increase the global rate of exclusive breastfeeding for six months to at least 50% by 2025.
To support this, WHO has developed courses which are used to train health workers to provide skilled support to breastfeeding mothers (including HIV-infected mothers), help them overcome problems, and monitor the growth of children, so they can identify early the risk of undernutrition or overweight/obesity.
In World Breastfeeding Week 2013, WHO and partners are calling for more support for breastfeeding mothers. Breastfeeding has to be learned and many women encounter difficulties at the beginning. Nipple pain and fear that there is not enough milk to sustain the baby are common. Health facilities that support breastfeeding—by making trained breastfeeding counsellors available to new mothers—encourage higher rates of the practice. To provide this support and improve care for mothers and newborns, there are “baby-friendly” facilities in more than 150 countries, thanks to the WHO-UNICEF Baby-Friendly Hospital initiative.
Breast milk gives infants all the nutrients they need for healthy development. It is safe and contains antibodies that help protect infants from common childhood illnesses such as diarrhoea and pneumonia, the two primary causes of child mortality worldwide. Breast milk is readily available and affordable, which helps to ensure that infants get adequate nutrition.
Infant formula does not contain the antibodies found in breast milk, additionally there are risks arising from the use of unsafe water and unsterilized equipment or the potential presence of bacteria or other contaminants in powdered formula. Malnutrition can result from over-diluting formula to “stretch” supplies. While frequent feeding maintains breast milk supply, if formula is used but becomes unavailable, a return to breastfeeding may not be an option due to diminished breast milk production.
Breastfeeding also benefits mothers. Exclusive breastfeeding is associated with a natural (though not fail-safe) method of birth control (98% protection in the first six months after birth). It reduces risks of breast and ovarian cancer later in life and helps women return to their pre-pregnancy weight faster.
# # #
For more information on World Breastfeeding Week (including graphics on what can be done to support breastfeeding mothers and a feature story on breastfeeding in Peru) go to:http://www.who.int/mediacentre/events/meetings/2013/world_breastfeeding_week<;http://www.who.int/mediacentre/events/meetings/2013/world_breastfeeding_week%0d>
For more information please contact:
Daniel Epstein
Communications Officer, WHO
Office: +41 22 791 4458, Mobile: +41 79 475 5536, Email:epsteind@who.intepsteind@who.int
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