Saturday, October 12, 2013

Dear All,

Aug 2013 IIP grows at 0.6%


Growth in industry output, as measured in terms of IIP, for the month of Aug 2013 is estimated at 0.6% as compared with 2.7% during July 2013. The cumulative growth for the period April-Aug 2013-14 stands at 0.1% as compared to 0.2% in the corresponding period of the previous year.

The growth in the three sectors mining, manufacturing and electricity in Aug 2013 stands at (-) 0.2%, (-) 0.1% and 7.2% as compared to (-) 2.5%, 3.2% and 5.2% during July 2013 respectively. The cumulative growth for the period April-Aug 2013- 2014 in the three sectors mining, manufacturing and electricity over the corresponding year stands at (-) 3.4%, (-) 0.1% and 4.5% respectively.

   Recent growth pattern in IIP                                                                               (% growth)
Industry Group
Weight in IIP
Apr- Aug
Apr-Aug
July
Aug
2012-13
2013-14
2013
2013
Mining
14.2
(-) 1.8
(-) 3.4
(-) 2.5
(-) 0.2
Manufacturing
75.5
0.0
(-) 0.1
3.2
(-) 0.1
Electricity
10.3
4.8
4.5
5.2
7.2
Use based classification
Basic goods
45.7
2.7
0.5
1.5
1.5
Capital goods
8.8
(-) 14.4
0.8
15.5
(-) 2.0
Intermediate goods
15.7
1.0
2.3
3.1
3.6
Consumer Goods
Consumer goods
29.8
3.2
(-) 1.6
(-) 0.5
(-) 0.8
a) Consumer durables
8.5
5.1
(-) 11.0
(-) 8.9
(-) 7.6
b) Consumer non-durables
21.3
1.6
6.6
6.9
5.0
Overall IIP
100
0.2
0.1
2.7
0.6

                                                                                                                        










    





     Source: PHD Research Bureau, compiled from CSO

Basic goods stands at 1.5% during Aug 2013 and July 2013. The cumulative growth during April - Aug 2013-14 stands at 0.5% as compared to 2.7% during the corresponding period of last year. Consumer goods have grown at (-) 0.8% during Aug 2013 as compared to (-) 0.5% during Jul 2013. Consumer durables have grown at (-) 7.6% during Aug 2013 as compared to (-) 8.9% during July 2013, while consumer non durables have grown at 5% during Aug 2013 as compared to 6.9% during July 2013.

The cumulative growth of consumer goods during Apr-Aug 2013-14 stands at (-) 1.6% as against 3.2% during the corresponding period last year. Consumer durables have shown a cumulative growth of (-) 11% during Apr-Aug 2013-14 as against 5.1% during the corresponding period last year, while consumer non durables have shown a cumulative growth of 6.6% during Apr-Aug 2013-14 as compared to 1.6% during the corresponding period last year.

Some of the important items showing high positive growth during the current month over the same month in previous year include Woollen Carpets (67.7%), Apparels (25.1%), Leather Garments (26.6%), Aviation Turbine Fuel (46.2%), Vitamins (75.0%), Ayurvedic Medicaments (80.6%), Steel Structures (25.4%), Tractors (32.2%), Cable, Rubber Insulated (284.5%) and Passenger Cars (31.5%).

Some of the other important items showing high negative growth are: Rice (-) 38.0%, Stainless/alloy steel (-) 25.8%, Boilers (-) 35.7%, ‘Sealed Compressors (-) 50.4%, Air Conditioner (Room) (-) 52.3%, Heat Exchangers (-) 51.7%, Earth Moving Machinery (-) 45.8%, Sugar Machinery (-) 36.7%, Plastic Machinery Incl. Moulding Machinery (-) 33.7%, Cement Machinery (-) 48.0%, Aluminium Conductor (-) 31.7%, Generator/ Alternator (-) 72.7%, Telephone Instruments (incl. Mobile Phones & Accessories) [(-) 23.9%] and Gems and Jewellery (-) 36.1%.


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

Capital goods have grown at (-) 2% during Aug 2013 as compared to 15.5% during July 2013. The cumulative growth of capital goods stands at 0.8% during April-Aug 2013-14 as compared to (-) 14.4% during April- Aug 2012-13.

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


Warm regards,

Dr. S P Sharma
Chief Economist
RELIANCE FOUNDATION AND NBA ANNOUNCE MULTIYEAR PARTNERSHIP IN INDIA

- Jr. NBA Program to Promote Health and Fitness to Youth Through Comprehensive School-Based Program


MUMBAI, INDIA, October 11, 2013 – Reliance Foundation and the National Basketball Association (NBA) today announced a multiyear partnership to launch a comprehensive school-based youth basketball program in India.
The Reliance Foundation Jr. NBA program will promote health, fitness and an active lifestyle through basketball, and teach the values of the game such as teamwork, sacrifice, discipline, dedication and sportsmanship.  The program will feature a combination of in-school and after-school activities along with basketball competitions.
In the first year, the Reliance Foundation Jr. NBA program will teach basketball to more than 100,000 youth and train 300 coaches and physical education instructors to implement a turnkey NBA curriculum. Over the course of the long-term partnership, the goal is to reach one million youth and train 2,000 coaches and physical education instructors across India.
We are excited to partner with NBA, the world’s premier basketball league, in transforming India’s basketball landscape. India has a rich reservoir of sporting talents and schools are the fountainhead where those talents can be identified and nurtured,” said Reliance Foundation Chairperson Nita M. Ambani. “Through this historic association, Reliance Foundation looks forward to bringing the NBA’s world-class expertise and curriculum and taking Indian basketball to greater standards of excellence.”
The first year of the program will operate in more than 150 schools across Mumbai and Kochi from Oct. 14 to Feb. 8. 
“This is an important step in our commitment to grow basketball at the grassroots level and encourage a healthy and active lifestyle in India,” said NBA Commissioner David Stern. “Reliance Foundation is recognized for its tireless efforts to give back to communities, and we could not ask for a better partner to work with us to positively impact the lives of Indian youth.”
Reliance Foundation and the NBA will bring international coaches to India for three months in each city to lead three-day ‘Train the Trainer’ seminars that will teach the curriculum to local coaches and physical education teachers. 
All local coaches will receive a ‘Jr. NBA Basketball in a Bag,’ which contains resources for them to grow the game in their communities.  The bag includes an India-specific coaching guide with curriculum for in-school and after-school programs, nets, whistles, cones, air pumps and a Jr. NBA poster.
The international coaches will also support program implementation at each school where, ultimately, the local coaches and physical education instructors will conduct weekly basketball-led physical education classes for grades 4-10 in their schools.
In addition to the in-school portion, select schools will make their courts available four days per week for after-school basketball programs comprised of more advanced training and individual skills and team-based competitions.  These will include 3-on-3 and 5-on-5 competitions, and the top players and teams from each school will be selected to compete in a citywide competition. 
A Reliance Foundation Jr. NBA Hot Shot Competition will identify the best shooters in each school to compete in a citywide championship at the end of the program.  An NBA or WNBA legend will travel to each city at the end of the program to work with players and coaches.
In addition to working with schools, Reliance Foundation and the NBA will partner with community organizations in each city who are already conducting youth basketball programs.  These organizations will also make their courts available for Reliance Foundation Jr. NBA after-school programs for youth from local communities.  The Reliance Foundation Jr. NBA program will supplement youth basketball initiatives at these organizations by providing curriculum, equipment and invitations to send teams and players to citywide Jr. NBA competitions.

About Reliance Foundation
Reliance Foundation (RF), the philanthropic arm of Reliance Industries Limited, aims to play a catalytic role in addressing the nation’s development challenges through innovative and sustainable solutions with its focus on five core pillars: Rural Transformation, Education, Health, Urban Renewal, and Promotion and protection of India’s Arts, Culture and Heritage. Smt. Nita M. Ambani is the Chairperson of Reliance Foundation and the guiding spirit behind the Foundation's ambitious vision of becoming the leading vehicle for social development, empowering the underprivileged and infusing social transformation in India. Reliance Foundation has touched the lives of over a million underprivileged across the country, reaching out to over 2,500 villages and various urban locations.

About the NBA
The NBA is a global sports and media business built around three professional sports leagues: the National Basketball Association, the Women’s National Basketball Association, and the NBA Development League. The league has established a major international presence with games and programming in 215 countries and territories in 47 languages and NBA merchandise for sale in more than 125,000 stores in 100 countries on 6 continents. NBA rosters currently feature 85 international players from 36 countries and territories. NBA Digital’s assets include NBA TV, which is available in more than 61 million U.S. homes, and NBA.com, which averages more than 42 million page views per day, more than half of which originate from outside of North America. The NBA is the No. 1 professional sports league on social media, with more than 445 million likes and followers globally across all league, team, and player platforms. Through NBA Cares, the league and its teams and players have donated more than $225 million to charity, completed more than 2.6 million hours of hands-on community service, and created more than 830 places where kids and families can live, learn, or play.

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