Daily Pour




Date :20/03/2018    Issue No. :1485/17-18

Compiled By :   Shyamal Aroskar, Asst. Dir.-WR 

                            B.Ramchandran, Chennai 



IIF News


Providing new insights and solutions to accelerate Innovation, Productivity, Success ,Growth & new trends in technology-these are the points which will be touched in the 2 days Conference, VISION 2025 -Predict  the Challenges ...Cast ..the future. Wescon 2018, Western Regional Conference along with Kolhapur Chapter will be held on15th and 16th April, 2018 at Hotel Sayaji, Kolhapur.

Registration has begun 86 members already registered in last 2days. Only 250 seats are available. Request you all to register immediately.
The brochure & Delegate form is attached.
Looking forward to see you all in the Wescon 2018.
With best regards,
Shushil Sharma


Indore Chapter
 The celebration of  35th Foundation of Chapter....  organized one session on Improvement of Life Style .
The speaker is Dr. Umesh Choudhary from Medinova Indore.
Date           –   Wednesday 21st March 2018.
Time           –   7:30 PM
Venue        –   M/s Surya Hotel, Indore
Cake Cutting followed by dinner.
Please register your names with brijendra gupta cell no. 09752146341.



With Regards,



Shyamal Aroskar

Asst.Director IIF-WR





Thought of the Day



News Letter Supported By





Today's Top Raw Materials Headlines


*** Turkish domestic scrap prices rise, lira weakens  

*** Indian Brass, Copper Scrap prices fall tracking the weakness in Copper Futures

*** LME base metals start week on back foot due to stronger dollar

*** Chinese silicon prices dip on sluggish demand

*** Chinese steel slumps despite words on overcapacity  

*** Chinese HC ferrochrome prices edge down

*** Consciously sliding prices in Chinese PrNd mischmetal market

*** Jiangsu Shagang cuts scrap prices

*** Chinese vanadium-nitrogen alloy prices rise nearly to top


Raw Material News


International molybdenum price 20March 2018

On March19th, the Platts daily dealer ferromolybdenum assessment moved to $30.4-30.6/ kg from $30.6-30.8/ kg. The daily European molybdenum oxide assessment was at $12.6-12.75/lb


India adds less to its GDP despite high growth

India’s GDP growth rate has once again overtaken China’s. But even with a higher growth India adds only a fraction of what China adds to its GDP every year. That’s because China’s economy is over 4 times bigger. Thirty years ago both the economies were of the same size.


India may move WTO against US on duty hike

The government is contemplating to approach the World Trade Organization’s (WTO’s) dispute settlement body against the US move to raise import duty on aluminium and steel. Sources told TOI that detailed discussions have been held in the commerce department. Former officials dealing with WTO were also consulted on the issue. While a section believes that there is a case for a strong response, another view in the government is to wait for other WTO members to move the dispute settlement body so that India can then join in.


Industry News


GSTN data may be used to reach out to MSMEs

GSTN, a not-for-profit non-governmental organisation that manages the entire IT system of the goods and services tax portal, has more than 95 lakh MSMEs listed on it. The government is working on structuring a two month programme, leveraging data captured by the GST Network, to apprise small businesses of the schemes it has implemented to support them and handhold them to avail of those, senior officials said.

GSTN, a not-for-profit non-governmental organisation that manages the entire IT system of the goods and services tax portal, has more than 95 lakh micro, small and medium enterprises (MSMEs) listed on it.

The decision the launch the outreach programme was made over the past few weeks, officials said, after a meeting chaired by Prime Minister Narendra Modi where he tasked them to put together a working plan to communicate better with small businesses.

“We have taken up with GSTN and we will sign an understanding with them on how the data can be used, specifically to reach out to lakhs of small and micro businesses ... We have had several rounds of discussions,’ MSME secretary Arun Kumar Panda told ET.

“The Centre wants much more credit flow into the micro and small enterprises, while looking to ensure more entrepreneurs, looking at starting ventures of their own, get access to finance. In this regard, we have taken several decisions to address the challenges of credit and delayed payment, and may look to overhaul the public procurement policy,” he said.

The government wants to highlight the initiatives it has taken and ensure that the MSMEs have actually benefited from those. Just a month after demonetisation was announced, the PM, in December 2016, had said that the MSME was a priority area for the government, announcing a three-fold increase of the credit fund meant for the sector.

Officials said the focus of the outreach will be on 115 “aspirational” districts. Aspirational districts have been defined as among the most backward areas, but which have been prioritised by the Centre for the implementation of its schemes.

“States will have to decide how to go about it. But we will send our teams there and identify beneficiaries,” Panda said. The initiative is mainly aimed at engaging with the small and micro businesses, and informing them of the structural reforms taken by the government, such as the threefold increase in the credit guarantee fund to Rs 7,500 crore.

“The problem was that the fund was over-leveraged. It has now been enhanced, which has solved the problem. Banks now have a greater comfort level that even if the loans go bad the credit fund can handle it. Also, the credit fund now can disburse loans to entrepreneurs requiring up to Rs 2 crore, instead of Rs 1 crore,” an
official said.

Commercial vehicles to record highest-ever sales in FY18

Domestic sales of commercial vehicles (CVs) are set to touch a new milestone during FY 2017-18. They will cross their earlier peak of 809,499 units sold in FY 2011-12.

The FY18 is slated to better this record by over 20,000-30,000 units, as the 11-month (April-February 2017-18) period has already experienced sales of 747,774 units, according to SIAM data.

During the month of February 2018, sales of total CVs were pegged at 87,777 units. The sales trend over the years have witnessed the closing month of the financial year -- March, to experience the highest sales during the year.

Hence, the March sales of CVs are expected to be over 90,000 units that will enable total sales to cross the FY12 peak by a large margin.

Recovery in the economy and pick up in infrastructure projects have boosted sales of medium and heavy commercial vehicles (MHCV). Two consecutive years of monsoons and a stable interest regime have led to larger loans being taken for buying light commercial vehicles (LCV) in semi-urban and rural markets as well.

This has led the foundation for the larger buying spree during March 2018.

Vishnu Mathur, director general of industry body SIAM, told ETAuto that buyers hold their money or invest elsewhere to earn interest on it. Before the FY ends, they spend it on vehicle purchase that entitles them to claim commercial venture depreciation on the vehicles purchased during the full year to the tune of 30-40 per cent of the vehicle value. This maximizes their revenue.

In addition, companies offer discounts during the last month of the financial year in order to meet their annual targets.

CV domestic sales trend
Segments     2011-12     2012-13     2013-14     2014-15     2015-16     2016-17     April 2017-Feb 18
Total CVs     809,499     793,211     632,851     614,948     685,704     714,232     747,774
MHCVs     348,216     268,263     200,618     232,755     302,397     302,529     294,553
LCVs     460,283     524,887     432,233     382,206     383,307     411,703     453,221

“Earlier (about 7-8 years ago), CV manufacturers used to dump their inventories at dealerships in order to meet their targets for the year. This would raise the cost of holding inventory for the dealers. But currently this practice is not followed. Now companies offer discounts ranging between 7-8 per cent to give a fillip to sales during March,” said Subrata Ray, senior Group VP of rating agency ICRA.

But since the MHCV sector has been on the upswing for the last few months, discounts are expected to be lower this year.

He also feels depreciation of around 50 per cent in March can get the buyer six-month benefits.

So March is expected to see a spurt in buying activity, post which April will see a subdued market


Life Style & Management



Regular exposure to lavender, tea tree oil could disrupt hormones
Lavender and tea tree oils could be giving boys breasts, scientists have warned.

The key chemicals in these common plant-derived oils act as endocrine-disrupting chemicals.

Lavender and tea tree oil are among the so-called essential oils that have become popular as alternatives for medical treatment, personal hygiene and cleaning products, and aromatherapy.

Various consumer products contain lavender and tea tree oil, including some soaps, lotions, shampoos, hair-styling products, cologne and laundry detergents.

"Our society deems essential oils as safe," said study lead investigator J. Tyler Ramsey, a postbaccalaureate research fellow at the National Institute of Environmental Health Sciences (NIEHS), part of the National Institutes of Health. "However, they possess a diverse amount of chemicals and should be used with caution because some of these chemicals are potential endocrine disruptors."

An endocrine-disrupting chemical is a chemical in the environment that interferes with hormones and their actions in the body.

Male gynecomastia occurring before puberty is relatively rare, but a growing amount of cases have been reported to coincide with topical exposure to lavender and tea tree oil, and the condition went away after the boys stopped using the oil-containing products, Ramsey said.

Researchers at the NIEHS, including Kenneth Korach, Ph.D., a co-investigator for the new study, previously found laboratory evidence that lavender and tea tree oil have estrogenic (estrogen-like) properties and anti-androgenic (testosterone inhibiting-like) activities, meaning they compete or hinder the hormones that control male characteristics, which could affect puberty and growth.

Under Korach's direction, Ramsey and his NIEHS colleagues went a step further. From the hundreds of chemicals that comprise lavender and tea tree oil, they selected for analysis eight components that are common and mandated for inclusion in the oils. Four of the tested chemicals appear in both oils: eucalyptol, 4-terpineol, dipentene/limonene and alpha-terpineol.

The others were in either oil: linalyl acetate, linalool, alpha-terpinene and gamma-terpinene. Using in vitro, or test tube, experiments, the researchers applied these chemicals to human cancer cells to measure changes of estrogen receptor- and androgen receptor-target genes and transcriptional activity.

All eight chemicals demonstrated varying estrogenic and/or anti-androgenic properties, with some showing high or little to no activity, the investigators reported. Ramsey said these changes were consistent with endogenous, or bodily, hormonal conditions that stimulate gynecomastia in prepubescent boys.

"Lavender oil and tea tree oil pose potential environmental health concerns and should be investigated further," he said.

Of further concern, according to Ramsey, is that many of the chemicals they tested appear in at least 65 other essential oils. Thus, the public should be aware of these findings and consider all evidence before deciding to use essential oils


Jokes All the Way



Whisky is a brilliant invention.

One double and you start feeling single again.



After completing B.Tech a student took his girlfriend to his home Father: who is she ?

Son: "Campus Selection"




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