New Delhi [India], Mar. 25 : The findings of the National Family Health Survey 2015-16 confirm what we all knew from clinical evidence - that hypertension has become a major health concern among the Indian population, with as many as 22% Indians hypertensive.
According to the data, more men suffer from hypertension (15%) as compared to women, though the number of hypertensive women is also sizeable (9.6%).
While the prevalence of hypertension is widespread, what is more worrying is that awareness about its potentially serious complications is very low. In fact, researches have indicated that only one out of five people are on treatment, putting a majority of untreated hypertensive patients at serious risk of stroke and heart attack.
New Delhi [India], Mar 25 : Union Finance Minister Arun Jaitley on Saturday approved the re-organization of the field formations of the Central Board of Excise and Customs (CBEC) for the implementation of Goods and Services Tax (GST).
The approval by the minister will enable the existing formations of Central Excise and Service Tax under the CBEC to implement and enforce the provisions of the proposed GST.
However, the CBEC is likely to be renamed as the Central Board of Indirect Taxes and Customs (CBIC), after getting legislative approval.
The proposed CBIC shall, inter alia, supervise the work of all its field formations and Directorates and assist the Government in policy making in relation to GST, continuing Central Excise levy and Customs functions.
New Delhi [India], Mar 25 : India and World Bank on Saturday signed a financing agreement for IDA credit of USD 100 (equivalent) for the "Uttarakhand Health Systems Development Project".
The Financing Agreement was signed under the presence of Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Hisham Abdo, Acting Country Director, World Bank (India) on behalf of the World Bank.
A Project Agreement was also signed by Dr. Neeraj Kharwal, Additional Secretary (Health), Government of Uttarakhand and Hisham Abdo, Acting Country Director, World Bank.
New Delhi [India], Mar. 25 : The Securities and Exchange Board of India (SEBI) has barred 13 companies, including RIL, from dealing in equity derivatives in the Futures and Options (F&O) segment of stock exchanges, directly or indirectly, for a period of one year.
The SEBI has also directed RIL to deposit Rs. 447.47 crore within 45 days.
The board also directed to charge 12 percent interest on the amount of Rs. 447.47 crore from the date of November 29, 2007, considered to be the biggest penalty in insider trading.
Following are the points mentioned in the SEBI order:
New Delhi [India], Mar. 25 : Arundhati Bhattacharya, Chairman, State Bank of India (SBI) has been ranked 26th in the fourth edition of Fortune's 'World 50 Greatest Leaders' list.
With this, Arundhati Bhattacharya has become the only Indian corporate leader to be featured in the list.
While announcing the names that have featured in the list, Fortune highlighted that Bhattacharya, the first-ever woman to helm India's largest bank, has steered SBI through rough waters.
Bhattacharya has helped to accomodate the 211-year-old institution into the digital era and overhaul the human resources department for more than 2,00,000 employees.
London [UK], Mar. 24 : Following a huge explosion of magnetic field and plasma from the Sun's corona, Tasmania's skyline has been aglow in recent days - with vivid purple and green lights illuminating the horizon.
A few passengers, aboard the first commercial flight to witness the Aurora Australis, landed in New Zealand and the 130 star-struck passengers have taken to social media to share their experience.
The duration of the flight was eight-hours and it took off from the South Island on Thursday, flying to a latitude of 62 degrees south to view of the aurora.
New Delhi [India], Mar 24 : Tata Capital, the financial services arm of the Tata Group, today, announced the launch of 'myLoan' - a first-of-its kind Mobile App by the company to extend its existing personal loan offering to the emerging younger and mobile savvy audience.
The app enables the user to check his/her loan eligibility and apply for a loan seamlessly using only a mobile device. The app also allows existing customers to view their loan status and details.
New Delhi [India], Mar 24 : FreeCharge on Friday announced that it will now enable e-wallet payments across leading outlets with Arvind Lifestyle Brands, one of India's largest and leading lifestyle brands.
The partnership will enable FreeCharge to increase focus on offline digital payment services across 700 outlets in 20 states.
Users can avail this feature across outlets such as Arrow, FM, USPA, Gap, TCP, Aeropostale, Unlimited, Gant, Nautica, Ed Hardy and much more and choose from wide assortment of fashion brands for both men and women.
New Delhi [India], Mar. 24 : Emergence of multi drug resistant TB and complications aggravated by high rates of co-infection with HIV-AIDS has renewed the threat of TB epidemic in India. With widespread prevalence of the infection, children experience a serious risk of contracting Tuberculosis, especially if they are under-nourished.
As we observe World TB day, doctors at Venkateshwar Hospital, Dwarka say under nutrition in children (especially below 5 years of age) is a significant risk factor for the disease. Contrary to perception, not just children living in slums and unhygienic conditions, even those from relatively affluent backgrounds are diagnosed with Tuberculosis.
Cotton on MCX settled down -0.65% at 21310 as traders are avoiding major buying as cotton price that was increasing steeply until the end of February, has become firm during the last 20 days. As the gap in the international and domestic prices has narrowed down, now imported cotton appears to be attractive due to better yarn realisation, productivity and quality. Also traders are eyeing on muted speculative activity ahead of a federal acreage report due next week. From International side Cotton closed higher after holding Support above $76 as market was anticipating another strong week of export demand. Cotton remains mostly a demand story as US export demand has been stronger than any trade expectations so far this year.
Cardamom on MCX settled down by -0.71% at 1379.6 amid subdued physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions too fuelled the downtrend. Upcountry dealers as well as exporters were covering as it has become clear that no arrival of fresh cardamom will take place till the next season picking begins, by mid-June. This sentiment has prompted all stakeholders to become active in the market. Quality of the capsules arriving were not up to the mark and there was a shrinkage in supply. Arrivals last week stood at 295 tonnes as against 390 tonnes the previous week. The auction average moved up, vacillating between Rs. 1,192 and Rs. 1,280 a kg.
Maize on NCDEX settled up by 0.36% at 1409 on short covering after prices dropped amid overseas prices on pressure from record South American supplies. Argentine corn should benefit this season from high yields brought by good weather, the Buenos Aires Grains Exchange said, adding that it may increase its harvest estimate above the current 54.8 million tonnes. The U. S. Department of Agriculture reported weekly export sales of old-crop U. S. corn at 1.255 million tonnes, above a range of trade expectations and the most in seven weeks. The U. S. Department of Agriculture reported export inspections of U. S. corn in the latest week at 1,547,022 tonnes, at the high end of a range of trade expectations. Private analytics firm Informa Economics raised its projection of U. S.
Jeera on NCDEX settled up by 3.98% at 17905 on rising domestic as well as exports demand at the spot market. Further, reports of lower production estimates in the producing belts of Gujarat too fuelled the uptrend. Reports showed that production of Jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt. Lower carryover stock coupled with higher export demand may push up jeera prices, as traders fear tight supply conditions in the coming months. The carryover stock has dipped to about 2 lakh bags (each of 55 kg) as against the normal 20-25 lakh bags, thereby reducing the availability even as the demand for exports and domestic consumption remains firm, trader sources said.
Turmeric on NCDEX settled up by 2.94% at 6444 on rising exports demand at the spot market. On the export front, country exported about 82,115 tons during April-December period, up by 28% compared to last year exports of 64,105 tons. Though, some gains were capped as the turmeric arrivals in the country are higher at 115,205 tons during March 1-20 compared to 30,945 tons during previous month. Production in the ongoing season is expected to increase mainly on higher sowing area and favourable weather conditions in Maharashtra, Telangana and Andhra Pradesh etc. According to trade sources turmeric output is expected to be around 7.5-8 million bags. India's Apr-Sept turmeric export stood at 59,000 ton up
Mustard Seed on NCDEX settled up by 1.34% at 4008 on supply worries following reports of unfavourable weather. Fear of return of el-nino weather phenomena is firming up market sentiments. India is expected to produce around 6.5-7 million tonnes (mt) of rape mustard seeds in 2016-17 as compared to 5.8 mt produced in 2015-16 due to higher acreage and improving productivity. The carry-forward stock from the previous season was around 0.15 mt. The Ministry of Agriculture expects 8.5 mt of mustard seeds to be produced in the current rabi season against 6.8 mt a year ago, as per its 4th advanced estimates. Higher price levels seen before sowing, favourable weather and a hike of over 10.4 per cent in MSP to Rs. 3,700/Q (including Rs.
CPO on MCX settled up 0.34% at 537 on short covering recovered from the day's low as support seen after the update that Indonesia’s crude palm oil output likely dropped in February, extending the decline into a third straight month. CPO production in the world’s top producer of the widely used oil likely slipped to 2.80 million tonnes in February from 2.95 million tonnes in January, according to the median estimate in a survey of two industry associations and a state palm research firm. Meanwhile, exports of Indonesian CPO were estimated to have risen last month to 2.41 million tonnes from 2.21 million tonnes in January. Indonesian Palm Oil Association (GAPKI) data showed the country exported 2.72 million tonnes of palm oil and palm kernel oil in January.
Ref. Soyaoil on NCDEX settled up by 0.84% at 652.85 on hope of higher demand in global market. Prices of oil were up on demand hope from the US following report that said that US president Donald Trump's administration will not change 2017 Renewable Fuel Standard (RFS) Biofuel quotas. The mandates are in place for 2017 to use more soybean oil to make biodiesel. Further, strong demand for on-going wedding season and festivals in domestic market were also supported soyoil prices. According to data released by the Solvent Extractors' Association of India (SEA), during Nov-Feb, the country had imported 4.68 mt of edible oil, down from 5.09 mt a year ago. The government has cut the base import price of soyoil by $9 per tonnes for second half of March.
Soyabean on NCDEX settled up by 1.2% at 2953 on expectation of good demand from Industries and lower supplies in the spot market. Meanwhile, Soyabean prices edged lower in international markets as forecasts for ample global supplies kept the oilseed near a three-month low. Soyabean also weighed down by negative crush margins in China, which is an indicator that there could be a slowdown in purchases from the world's biggest importer of the beans. The US Department of Agriculture (USDA) recently raised its global production forecast for the 2016-17 fiscal, driven by higher output estimate for Brazil. In India too, production is set to rise sharply, after two years of drought. Over the past year, soyabean has lost about 24 per cent, after peaking at Rs.
Mentha oil settled flat as sowing process has started in UP producing area. Further upside also seen limited ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices. The weather looked good and everything seemed fine as of now as farmers are still under stress, as they have already suffered a lot because of demonetization. As cash is the primary mode of transaction in agriculture sector which contributes 15% to India’s total output. Earlier it was estimated that total area under Mentha planting will drop by 20% to 1.75 lakh ha for this season resulting into a proportionate fall in Mentha oil production this year.
Aluminium on MCX settled up 0.32% at 125.80 as support seen after dollar crawled near four-month low clouded by concerns about U. S. President Donald Trump's pro-growth policies. Meanwhile the political heat is rising in the aluminium market, with a trio of industry bodies calling on the G20 to address global market imbalances resulting from China's burgeoning output. The market is still digesting the implications of Beijing's anti-pollution measures in regions around the Chinese capital over the winter heating months from mid- November to mid-March.