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Anti Dumping Duty

INJURY TO THE DOMESTIC INDUSTRY
The Indian industry must be able to show that dumped imports are causing or are threatening to cause material injury to the Indian ‘domestic industry’. Material retardation to the establishment of an industry is also regarded as injury.

The material injury or threat thereof cannot be based on mere allegation, statement or conjecture. Sufficient evidence must be provided to support the contention of material injury. Injury analysis can broadly be divided in two major areas:

INJURY DETERMINATION

VOLUME EFFECT

SIGNIFICANT  INCREASE, ABSOLUTE, RELATIVE

PRICE EFFECT
DEPRESSION  UNDER  CUTTING SUPRESSION

The Volume Effect
The Authority examines the volume of the dumped imports, including the extent to which there has been or is likely to be a significant increase in the volume of dumped imports, either in absolute terms or in relation to production or consumption in India, and its affect on the domestic industry.

The Price Effect
The effect of the dumped imports on prices in the Indian market for like articles, including the existence of price undercutting, or the extent to which the dumped imports are causing price depression or preventing price increases for the goods which otherwise would have occurred. The consequent economic and financial impact of the dumped imports on the concerned Indian industry can be demonstrated, inter alia, by :
decline in output
loss of sales
loss of market share
reduced profits
decline in productivity
decline in capacity utilization
reduced return on investments
price effects
adverse effects on cash flow, inventories, employment, wages, growth, investments, ability to raise capital, etc.
Injury analysis is a detailed and intricate examination of all the relevant factors. It is not necessary that all the factors considered relevant should individually show injury to the domestic industry.
CASUAL LINK
A ‘causal link’ must exist between the material injury being suffered by the Indian industry and the dumped
imports. In addition, other injury causes have to be investigated so that they are not attributed to dumping.
Some of these are volume and prices of imports not sold at dumped prices, contraction in demand or changes in the pattern of consumption, export performance, productivity of the domestic industry etc.
INJURY-EVALUATION OF ECONOMIC INDICATORS

ACTUAL/POTENTIAL DECLINE IN
Sales
Output
Profits
Market Share
Productivity
Return on Investment
Capacity Utilization etc.
Employment
Inventors/Stocks
Ability to raise capital or investment etc

CAUSAL RELATIONSHIP
Causal relationship to be demonstrated
Other factors to be considered
Volume and price of other imports
Demand contraction
Productivity
Technology

Read More

 

Rubber prices with elasticity

Rubber board publishing monthly rubber statistical news with a mathematical error in balance stock. The balance stock had a great role in price. If the missing is positive it means a heavy stock available in India and the rubber board published balance stock as reduced one.

Available data on the site of rubber board on 1st March 2014

Available data on the site of rubber board on 1st March 2014

As per published monthly rubber statistical news http://rubberboard.org.in/monstatsdisplay.asp the following analysis lime lights the mathematical error.


The reduced figure of balance stock published by the Rubber Board was to help importers on shortage in India. Actually stock was excess as per the same data without the missing figure.
Unfortunately Business Standard published like the following.

Rubber imports to go up 47 pc to 3.2 lakh tonnes in FY’14

Natural rubber imports are likely to rise by 47 per cent to touch a new all-time high of 3.2 lakh tonnes in the current financial year on back of lower prices in the global market.

“Till last week, the inward shipments of natural rubber were at 2.9 lakh tonnes and as per our estimates the total imports by the end of 2013-14 fiscal will be around 3.2 lakh tonnes,” a senior rubber board official said.

According to Rubber Board data, India’s natural rubber imports in the financial year 2012-13 were at 2.17 lakh tonnes — all time high so far.

Imports have increased notwithstanding the Centre raising import duty on natural rubber to Rs 30 per kg or 20 per cent, whichever is lower, in December. The basic customs duty on natural rubber earlier stood at Rs 20 a kg or 20 per cent whichever was lower.

“Imports have gone up as bulk of contracts for import of natural rubber were made in the period June to October before the import duty was raised. At that time, prices in the international market were down by Rs 35 per tonne as compared to domestic prices,” official added.

During April-January period of this fiscal, consumption of natural rubber has marginally come down to 8.11 lakh tonnes from 8.18 lakh tonnes in the year ago period.

Production of natural rubber during April-January period in the current financial year has also dropped by 9 per cent to 7.23 lakh tonnes against 7.98 lakh tonnes in the same period previous fiscal.

The impact of decline in rubber production was visible in export trend, as outward shipments have fallen 66 per cent to 5,357 tonnes against 15,632 tonnes during the period under review.
Ref:- http://wap.business-standard.com/article/pti-stories/rubber-imports-to-go-up-47-pc-to-3-2-lakh-tonnes-in-fy-14-114022700584_1.html
Why Rubber Board’s senior official said this unpublished details to media? When the low priced import done by the importers why didn’t Govt of India imposed anti dumping duty on low priced import? This announcement for the justification of price fall.

This incomplete data to make fool

This incomplete data to make fool

‘High natural rubber imports justified by sharp fall in production’ Read more at:

http://economictimes.indiatimes.com/articleshow/28518140.cmsIndia’s imports of natural rubber are expected to fall by third in 2014/15 to about 200,000 tonnes, as tapping of newly planted trees likely boosts domestic production to a record high, a senior government official told Reuters.A drop in imports by India, the world’s fourth biggest producer, would put pressure on global prices that are sitting not far off multi-year lows.

Large quantity of duty paid import on higher price in India than international.

Large quantity of duty paid import on higher price in India than international.

The price difference more than 60 rupees per kg including 5% VAT.

Who can decide the market price in India higher?

Who can decide the market price in India higher?

All these irregularities through the control of by the Group media of the biggest manufacturer in India.

“Trees planted in non-traditional growing areas are becoming ready for tapping. If weather remains normal, ..

Read more at:

It is a clear evidence of price fall for a long duration.

However, there are signs of market improving in the near term. The Government may sort out soon the issues involved in the procurement. The handling charge for procurement agencies has been raised from Rs.4 to Rs.6 a kg. The Union Finance Minister has reduced the excise duty on manufactured articles from 12% to 10%. The car makers have made a corresponding reduction in vehicle prices and vehicle demand that had slumped in 2013 is expected to revive soon. This is positive for the tyre sector and the auto rubber components sector and demand for rubber may revive.

Govt announced a 2 rupees excess price for RSS 4 sheets to collect by Rubbermark etc with a handling charge of rupees 6 per kg. This is a move to support industries in the name of farmers. If Govt really want to support farmers give farmers Rs 8 /kg to hold rubber with farmers. So that farmers who are holding stock getting Rs 8 per kg will sell at the price of 171/kg. The agencies like Rubbermark can save a large amount of money for the purchase and to store in their storage. This storage will be the reason for the deep fall of rubber price in coming future.

See the analysis of Indian Rubber Statistics at
https://sites.google.com/a/keralafarmeronline.com/stats/Home/indian-rubber-statistics-its-analysis

Performance of Natural Rubber 2012-13

Performance of Natural Rubber 2012-13
Stock at the beginning of the year 236275 Tonnes
Area 758000 hectares 3.2% Growth
Production 913700 Tonnes 1.1% Growth
Consumption 972705 Tonnes 0.9 % Growth
Import 217364 Tonnes % Growth
Export 30594 Tonnes % Growth
Average Market Price for RSS 4 grade Rs. 17682/100Kg Rs. 176.82 per Kg
Stock at the end of the year 253000 Tonnes 253000 + 111040 Tonnes
Number of small holdings 1.25 Million
Number of large estates 537
Average yield per hectare 1813 Kg
Customs duty on Natural rubber
Solid Form 20% or Rs 20/kg which ever is lower
Latex 70.00% or Rs 49/kg which ever is lower
Value of Natural Rubber Imported Rs. 3887.9 crore Rs. 178.87 per Kg
Value of Natural Rubber Exported Rs. 468.5 crore Rs. 153.13 per Kg
Value of rubber products imported Rs. 6206.3 crore (2012-12)
Value of rubber products exported Rs. 15532.2 crore
Income from NR to growers Rs. 16150 crore
Cess of NR collected Rs. 128.28 crore —– Tonnes at cess Rs. 2/kg (Import —— + Purchase ——- Tonnes?)
Number of licensed dealers 9533
Number of licensed manufacturers 4344
Tyre and Non-tyre consumption ratio 65:35
NR and SR consumption ratio 69:31
Per capita consumption of elastomer 1.16 Kg
Tyre industry turnover Rs. 46000 crores
Tyre production 122.78 Million Numbers
Value of tyre exports Rs. 4775 crores
Customs duty on tyres
World production 11.327 million tonnes (2012)
World consumption 11.005 million tonnes (2012)
World NR & SR consumption ratio 42:58
International price RSS 3 Rs. 17576/100 Kg Rs. 175.76 per Kg

Ref: Monthly Rubber Statistical News August 2013 Vol 72 No 6

Summary

Opening Stock 236275 Tonnes Consumption 972705 Tonnes
Production 913700 Tonnes Export 30594 Tonnes
Import 217364 Tonnes Balance Stock 253000 Tonnes
Missing 111040 Tonnes
Total 1367339 Tonnes Total 1367339 Tonnes

Why I Joined AAP

Chandrasekharan Nair (64) was not a member of any other political parties. He is an ex-service man who retired from Indian Army after 17 years of Service took up self-employment as a farmer. Post retirement as a civilian and as a common man he faced many issues related to trade union hooliganism and goondaism supported and sponsored by ruling political parties of the State of Kerala. The major problems faced by him were in the areas of loading unloading of house hold goods, building material for his house while construction and labour for paddy cultivation and  harvesting.

When the first Gram Sabha came into being years back he was hopeful of getting justice for the common man with the intervention of elected representatives from the Government. Unfortunately for him the first Ward Sabha which he attended with hundreds of Voters proved to be a huge disappointment. Here they were compelled to attend and listen to the lecture given by a retired party worker on “Neerthadaadhishtitha Padhhathi”. When the Panchayat member addressed the audience Sri Chandrasekharan Nair requested the Panchayat member to afford him an opportunity to speak for a few minutes. She permitted him. However when he presented the difficulties he was facing as a common man related to agriculture, the Panchayat President was extremely annoyed and shouted, “Who permitted him to talk?” and switched off the mike. The audience did not object to this.  This incident made him lose faith and trust in the prevalent system of Ward Sabha.
Subsequently when elections were being conducted for Panchayat, Block and District level members, he had gone for casting his vote to the  booth with his wife. There he received three sets of ballot papers. He returned the Block and District level ballot papers to the issuing authority and asked them to cancel it because after election, these people are never seen by the common man for the next five years and that they display absolute apathy to the concerns of the common man. The authorities made them wait in queue for a very long time intentionally to complete the formalities.  This was done basically to harass him, his wife and others who were waiting for their turn so that indirect mob pressure would be put on him and his family for outwardly voicing his feelings. After this incident his wife has never gone to cast her vote till date.
During another occasion he had gone alone to cast his vote and after signing in the appropriate register for marking his presence; when he said that he does not wish to vote for any of the candidates who stood for election, he was made to wait in the polling booth for hours together since the Presiding Officer of the booth did not what to do in such a kind of situation. He was asked by the election agents appointed by the different political parties to vote for somebody and close the matter. The officials present there to assist the Presiding Officer said,”Why are you increasing our work?” The provisions of 49’O’ was not known to the Presiding Officer a Government official, designated and assigned for the purpose. It was nothing but a matter of shame.
When O.Rajagopal was contesting for Parliament Election, Shri. Chandrasekharan Nair handed over a write up on Rubber Farming  to him during the formers election campaign and requested him to take suitable steps on  existing irregularities related with natural rubber. No action was taken on the subject by Shri  Rajagopal.  On another assembly election he tried to talk for 5 minutes at a public meeting conducted by BJP. They didn’t permit him to talk. Due to the disappointment from political leaders he put up a banner on his gate “We are boycotting election”. None of the political parties approached him for vote from then on. Entire family didn’t cast vote for anyone.
Finally he worked at ShashiTharoor’s party office at the time of election to handle Malayalam script. Written Malayalam send through Email to him was typed in Unicode and sent back to them. Few decisions published by Tharoor   like two persons will be appointed to hear the complaints of common man, proper utilisation of MP fund, Sashi Tharoor’s art of public speaking attracted him to work and assist Sashi Tharoor in his campaign. After winning elections Sashi Tharoor failed to fulfil his promises to the people.
Shri Chandrashekharan Nair found complete solution to what he was looking for in the AAP. He completely agrees with the constitution of AAP. A few points which attracted him to AAP are:-
1.    There will be a stringent legislation against corruption called Jan Lokpal. This will allow the public to directly file the complaints against the corrupt leaders and officers and get justice.
Now-a-days the cases of corruption keep continuing for years without any resolution. All this while, the corrupt leaders keeps getting elected and plundering the country. Sometimes the cases are not resolved even till the death of the concerned person! Janlokpal legislation will ensure that investigation and litigation would be expedited. This will secure the conviction of a guilty person within two years, his assets would be confiscated and he would be expelled from his position. Cases against leaders will be promptly investigated and corrupt leaders will be jailed within six months.
2.    If Aam Aadmi Party comes to power, fast track courts will be constituted and CBI will be made an independent entity. Guilty people from all scams will be jailed within six months. All property of such people will be confiscated and deposited into Government coffers.
3.    A common man has to pay bribe to get work done in more or less all the government offices. Janlokpal legislation will determine the time frame and specific officers for different kind of work. If the work does not get done by that officer in the allotted time, there will be a penalty and that would be deducted from his salary and paid to the complainant.
4.    Aam Aadmi Party believes that this country belongs to people of all religions. Hindus, Muslims, Sikhs, Christians, Buddhists —absence of any one of these will render the country incomplete. The diversity of India is its distinct trait. The people playing politics in the name of religion would be dealt with strictly. There would be zero tolerance towards attempts to spread poison towards any religion. All possible efforts would be made to make people respect all religions.
5.    Land from many villages is procured against the wishes of the owners and given to big industrialists and builders. Villagers, who lose their land, become unemployed and keep lamenting to no avail. Recently several scams have come to light where nexus of leaders and industrialists bought land very cheaply from farmers in the name of development, got the land use changed and sold it for enormous profit. Aam Aadmi Party believes this practice should be stopped. No land should be acquired without the permission of the Gram Sabha of that village. Only the Gram Sabha will have the right to decide if any land can be sold and at what price and terms. The right to change the Land Use will rest only with the Gram Sabha or Mohalla Sabha. This will ensure that farmers and other poor people of the village will be able to have stake in development and progress.
6.    Today after winning elections, our representatives have no time to listen to our problems even though they were elected because of our votes. Unfortunately, under the current electoral system, the people have to suffer such candidates for 5 years. AAP will enact a Right to Recall law wherein people can complain to the Election Commission anytime to recall their representative and call for fresh elections.
7.    No MP or MLA belonging to Aam Aadmi Party will use red light on his or her car.
8.     No member of the Aam Aadmi Party will take security guards after winning elections. People’s representatives should have the same security as is available to the common man.
9.   Members of Aam Aadmi Party will not live in a big government bungalow after winning. They will live in houses similar to housing used by the common man.
10.  Crores of rupees have to be paid by candidates to their parties for being nominated. Nominations in Aam Aadmi Party will be made after considering the views of the common people. The tickets will be given to those candidates who the people say it should be given to.
11. People accused of major crimes and huge corruptions are nominated as candidates by other parties. Such people will not be Nominated by Aam Aadmi Party.12. Today parties encourage and protect their corrupt leaders. All officials of Aam Aadmi Party will be subject to a strict Code of Conduct. The party has its own independent internal Lokpal . This will have retired judges and other prestigious persons. If any official of Aam Aadmi Party does anything wrong and any person complains, the Lokpal/Lokayukta will investigate and render its judgment in a time bound manner. If the Lokpal so orders, the guilty official will have to leave the party.
13. Parties collect thousands of crores of rupees in donations and do not disclose where these donations have come from. All donations received by Aam Aadmi Party will be put up on the party website. Details of all expenditure will also be available on the AAP website. No party shares the details of its expenditure with the people but AAP would do so.14. In others parties, Party workers have virtually no say in their parties. The party High Command has its way. Aam Aadmi Party will not have a High Command. Party workers will have an important place in AAP.15. Today all parties are dividing the nation on the basis of religion and caste. Vote bank is created on the basis of religion and caste. Aam Aadmi Party will never resort to politics based on religion or caste. AAP will try to unite our country. Dirty politics has divided our country, Good politics will unite us.
16. Women and youth will have a special place in our party. Positions will be reserved for women and youth in every committee.
17. Adequate provision has been made for the participation of Dalits and minorities. If they are under-represented in the working committees, there is provision for direct nomination also.
18. Nepotism has become a curse of our politics. The constitution of the Aam Aadmi Party prohibits the inclusion of two members of the same family in any committee. Similarly, not more than one member from any family will be nominated as the AAP candidate for standing in elections.
 Count the members of his ward which is 50% of Quorum on 30-11-2007
 gramasabha

It would be worthwhile to mention over here that In order to complete the quorum a minimum of 10% of voters should participate in the Ward Sabha. They had shown 50 % voters attendance by doctoring the attendance sheet using false signatures of people who did not belong to the ward including their jeep driver, female helpers etc. They are indulging in this fraud for for allocation of funds for, sheep, cows etc on the decision of ward sabha. Read the post in Malayalam

 

Inflation

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (20.1 percent of total weight), Fuel and Power (14.9 percent) and Manufactured Products (65 percent). Food Articles from the Primary Articles Group account for 14.3 percent of the total weight. The most important components of the Manufactured Products Group are Chemicals and Chemical products (12 percent of the total weight); Basic Metals, Alloys and Metal Products (10.8 percent); Machinery and Machine Tools (8.9 percent); Textiles (7.3 percent) and Transport, Equipment and Parts (5.2 percent). This page includes a chart with historical data for India Inflation Rate.

Ref:- http://www.tradingeconomics.com/india/inflation-cpi
Inflation Rate  | Consumer Price Index (CPI)  | Export Prices  | GDP Deflator  | Import Prices  |Producer Prices