Comments In Business Standard: धातुओं के दाम में आ सकती है और नरमी

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धातुओं के दाम में आ सकती है और नरमी
बाजार में बिकवाली के चलते कीमतों में गिरावट को बल मिलने की संभावना
रामवीर सिंह गुर्जर / नई दिल्ली August 25, 2010

अमेरिका में बिगड़ते आर्थिक हालात और यूरोप में आर्थिक गतिविधियां धीमा पडऩे से धातुओं की कीमतों में नरमी आने लगी है। धातु विश्लेषकों के मुताबिक आने वाले दिनों में धातुओं की कीमतों में और गिरावट आ सकती है। उनके मुताबिक बीते दिनों में धातुओं के दाम काफी बढ़ चुके हैं, इसलिए बाजार में बिकवाली के चलते इनकी कीमतों में गिरावट को बल मिलने की संभावना है।

मंगलवार को लंदन मेटन एक्सचेंज (एलएमई)में तांबा तीन माह अनुबंध दो सप्ताह के उच्चतम स्तर 7461 डॉलर प्रति टन तक जाने के बाद घटकर 7,195 डॉलर प्रति टन पर आ गया, एल्युमीनियम 2,102 डॉलर से घटकर 2,031 डॉलर, सीसा करीब 2,131 डॉलर से घटकर 2,019 डॉलर, निकल 22,275 डॉलर से घटकर 20,750 डॉलर और जस्ता 2,136 डॉलर से घटकर 2,000 डॉलर प्रति टन पर आ गया।

वहीं घरेलू बाजार में मल्टी कमोडिटी एक्सचेंज में मंगलवार पिछले एक सप्ताह के मुकाबले तांबा अगस्त वायदा 341.45 से गिरकर करीब 334.10 रुपये, एल्युमीनियम अगस्त वायदा 98.05 रुपये से घटकर 94.65 रुपये, जस्ता अगस्त वायदा 98.65 रुपये से घटकर 92.45 रुपये, सीसा अगस्त वायदा 98.50 रुपये से घटकर 93.20 रुपये प्रति किलो पर बंद हुआ।

बुधवार को भी एमसीएक्स और एलएमई में धातुओं की कीमतों में गिरावट दर्ज की गई। धातुओं की कीमतों के बारे में कमोडिटी इनसाइटडॉटकॉम के धातु विश्लेषक अभिषेक शर्मा ने कहा कि बीते दिनों में धातुओं के दाम काफी बढ़ गए हैं, जबकि मांग में कोई खास बढ़ोतरी दर्ज नहीं की गई और मांग अभी भी कमजोर है और चीन ने मौद्रिक नीति कठोर कर दी है।

इसका चीन के औद्योगिक उत्पादन पर नकारात्मक असर पडऩे की आशंका है। ऐसे में चीन में धातुओं की मांग कम हो सकती है। शर्मा ने कहा कि ऊंचे भाव पर अब बाजार में मुनाफावसूली देखी जा सकती है, जिससे आने वाले दिनों में धातुओं की कीमतों में और गिरावट आने की संभावना है।

Keyword: LME, Metal Prices, decline,
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INDIA HIGHER EDUCATION: WORK IN PROGRESS


Education and educated are two different versions of the same word. Education is the activity of imparting knowledge while educated is the person who grasps that knowledge and can utilize the same. In India the everyday growing need of education is a challenge. Higher education is a bigger challenge. A person who can read or write is termed as literate but enhancing that literacy and optimum utilization of education is where higher education fits in. The scope of providing higher education is a key challenge for developing countries like India.

India is one of the fastest growing economies of the world. RBI projects GDP of the country at 8.5% as per the latest monetary policy review. Now what is that to do with the India’s higher education? Education is a key player in the growth of nation. Better education at any level, be it school or university transforms into better development of human mind. At University level it is this nurturing of this evolution that is essential for the growth of individual and country.

In a nation with 1.2 billion of population, more than 12% of the people are in the age group of 17-24 years. This is a demographic group, which needs to be groomed as they can contribute to the growth of economy.

Higher education an uphill task:

Higher education standards should not be set in isolation. The order of the day is to face the real world and gyration of minds and ideas. Renovation is what is required for the development of higher education system in India.

Mushrooming of educational institutes in last one decade is an area of concern. Instead of providing quality education these institutions have become means to earn quick bucks at the cost of aspiring students.

The rise of deemed universities is also a matter of concern. Therefore it is more challenging to rehabilitate professional education and to check the mushrooming of these bogus universities. The quality of teaching and the standards should meet contemporary needs. The role of government is crucial in this regard. Therefore the need of the hour is to set strict standards so that transparency in universities is achieved.

Initiatives by government in eleventh five year plan (2007-2012):

The government has tried to rise to the need of imparting higher education. In the ongoing 11th five year plan an allocation of ` 85000 crores have been made for higher and technical education. Government is also planning to enhance its educational expenditure to 6% of GDP.

The plan aims at improving the Gross Enrollment Ratio (GER) to 15% by 2011-12 as against 12% in the year 2006. Setting up of new Indian institute Of Management (IIMs) and Indian Institute of Technology (IITs) are a part of this regime. Funding is also provided to set up new polytechnics in the country.

According to the National Development Council, expansion, inclusion and rapid improvement in quality throughout higher and technical education system by enhancing public spending, will be the core of the plan efforts. Initiation of the long overdue major institutional reforms will help in this matter.

Improved expenditure on education sector:

Expenditure on education has improved in last 10 years but that is not to be substituted with the number of students going in universities. In India 10% of relevant age group goes to universities while in developed countries the percentage varies from 22-25%. A major effort is required to expand caliber of higher education. Serious disparities are there between center and the state when it comes to higher education. The process of higher education needs to be universal and should not be selective.

The total budget expenditure in 2001-02 was ` 64848 crores, this improved to ` 94484 crores in 2005-06 and ` 154410 crores in 2008-09. This was also 11.6% of the total expenditure on all sectors. As a percentage of GDP, the education budget of all departments increased from 3.36 % in 2004-05 to 3.78 % in 2008-09.

Now increasing the budget expenditure is not the solution. The requirement is to see whether the budget allocated is reaching the destination. Accountability is the key word that India has lacked over these years especially in higher education sector. Cases of donation and paid seats are quite widespread these days in universities. Lack of availability of seats is the cause. In economic terms, demand lacks supply. Increasing the number of seats in existing colleges in a temporary solution. Prerequisite is to set better institutes and quality universities in areas where the need is higher.

Outlook:

The 11th plan has addressed key issues relating to expenditure and budget allocation in educational sector but the need is about the allocation reaching the knowledge areas. A specific plan for upgrading existing select universities with a potential for excellence must be formulated.

New universities must be set in areas of need. Quality of education in universities must be ensured. Specific guidelines and training must be arranged for professors and lecturers because through them quality and professional education will be channelized to students.

State universities or central institutions must not be discriminated and benefits of central universities must be provided to state universities as well. A national database of the performance of state and central universities must be maintained. This will improve the working environment in these universities and will create accountability towards students.

Zinc Report In Business Standard-English Edition

Business Standard
Wednesday, Aug 04, 2010
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Zinc prices fall 17% in a month
BS Reporter / Mumbai June 03, 2010, 0:09 IST

Zinc prices continued their fall over the past month, trading at $1,826 a tonne on the London Metal Exchange against yesterday’s close of $1,853 a tonne. Prices were $2,208 a tonne on the LME in the beginning of May.

While the euro zone crisis has hit all metals, zinc’s fundamentals have been hit more since steel manufacturers have also started cutting prices across the region. The primary use of zin is to make galvanised steel.

The price erosion continued on China’s Shanghai Exchange, too, with zinc dropping five per cent, or 795 yuans from Tuesday’s settlement to 15,025 yuans a tonne.

In the domestic futures market, the prices of zinc tested a nine-month low of Rs 83.50 a kg recently. There was some recovery today, with prices at Rs 86.70 a kg on the MCX.

Capital Line analysts say, “We expect prices to remain with negative bias during June, but 2010 is expected to be a positive year for the metal. Demand from the steel industry and brass, bronze and alloys will increase in the second half of the year, subject to the situation in Europe and Asia.”

For a shorter duration, zinc could remain under pressure due to monetary tightening in countries like India and China. Easing of steel prices in the coming days will also affect the metal adversely. The refined zinc surplus during the first quarter is almost equivalent to the surplus of 2009 and this is likely to induce fresh speculation in the tight range markets.


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