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DAILY NEWS ANALYSIS from THE HINDU 13th September 2017 By Jatin Verma Educator Unacademy
Business Page: CPI in ation quickens to 3.36%, IIP rises 1.2% India's industrial production recovered to grow only mildly as growth in manufacturing output remained flat with introduction of goods and services tax (GST) which continued to disrupt production networks while retail inflation quickened in August ruling out any rate cut by the central bank in the near future. Data released by the Central Statistics Office showed Index of Industrial Production (IIP) grew at 1.2% in July from a contraction of 0.2% a month ago Mining and electricity sectors however grew at robust 4.8% and 6.5% respectively in July. Consumer price index based inflation continued to rise for the second consecutive month, by 3.36% from 2.36% a month ago as food inflation turned positive after three months of contraction. India's GDP growth unexpectedly slowed to 5.7% in the June quarter, the slowest pace in three years, underlining the disruption caused by the uncertainty related to the rollout of the goods and services tax (GST) even as the Indian economy is struggling to recover from a shock demonetisatio n.
The Reserve Bank of India (RBI), which cut its repo rate by 0.25 percentage points last month, retained its neutral policy stance, citing uncertainty on the future trajectory of inflation because of several uncertainties: If states choose to implement salary and allowance increases similar to the centre in the current financial year, headline inflation could rise by an additional estimated 100 basis points above the baseline over 18-24 months. Also, indicators suggest that price pressures are building up in vegetables and animal proteins in the near months. . The second volume of the Economic Survey 2016-17 took a contrarian view and maintained that India is undergoing a structural shift toward low inflation, mostly due to changing dynamics in the oil market, which has capped upside risks.
Business Page: 'Stringent action to prevent data misuse'. Pitching for use of big data analytics for inclusive growth, IT Minister said any unauthorised use of data would be dealt with an "iron-hand to ensure that nothing comes in the way of making data analytics a national movement. Precision Governance: The government is committed to making the best use of big data in establishing rule of precision governance.While doing so, every care would be taken to strictly ensure that privacy rights of individuals are protected," Information, Education and Communication: A 24-hour Hackathon, wherein participants will use government data platform to make applications and infographics on themes such as Drinking Water and Sanitation, Transport, Education and Crime and Health. . The Hackathon, that will take place in seven cities, is being conducted by NIC and IAMAl as part of the Startup Eco-system Development programme.The applications developed will be evaluated by jury and winners will receive support, including mentorship and funding. Data Availability Vs. Data utilisation:IT Secretary said, there is big gap between data being available and data being utilized. . In this context, Open Government Data Platform was set up in 2012 to provide access to government- owned shareable data.
Business: BSNL towers hived off as 'separate company' The Union Cabinet approved hiving off the mobile tower assets of Bharat Sanchar Nigam Ltd (BSNL) into a separate company, fully owned by BSNL. It has authorised BSNL to monetise its telecom tower infrastructure with the formation of a separate subsidiary. BSNL owns 66,000 telecom towers in the country, out of the total 4.4 lakh towers.The government is looking at external tenancies and garnering revenues for the new,"independent dedicated" tower company of BSNL. . . The telecom tower industry has emerged as an independent business to harness the potential for sharing of infrastructure. The business model arose from the need to achieve economies of scale and to reduce capital investment costs for providing mobile services. . The Department of Telecommunications (DoT) policy allows sharing of passive infrastructure the tower structure, which has facilitated the growth of the Diesel Generator sets,battery units,power interface unit and air-conditioning telecom infrastructure industry. . A tower infrastructure company essentially owns the passive infrastructure assets and leases it to telecom service providers enabling them to minimise duplication of investments and economise on costs of Operation and Maintenance (O&M), thereby, improving profitability. Besides the captive model in BSNL and MTNL, where the service provider owns its passive infrastructure also, there are three different business models within the telecom tower industry.These are companies created by hiving off the tower assets portfolios of service providers into subsidiaries;companies established as independent joint venture entities by service providers jointly and companies promoted by specific service providers but established as independent entities with the promoter being the anchor tenant for the tower company. .
Telecom industry: Tower, Telephone Exchange(Active service), Distribution.
Banking: Non-core operations [Hive-off] Core Operations
Transmission & Distribution losses: Hying off Unbundling of Power sector
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