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India’s factory output falls, retail inflation inches up

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INDIA-ECONOMY
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New Delhi: Hopes of a revival in India’s manufacturing activity after a sharp spike in October were belied, with factory output actually registering a fall in the month after at a four-year low, according to official figures released on Tuesday.

To deal a further blow, the annual retail inflation also crept up to 5.61 percent in December.

According to data on index of industrial production (IIP) released by the Central Statistics Office, the country’s factory output declined by 3.19 percent in November, due mainly to a (-)4.4 percent drop in manufacturing activity.

The cumulative growth of the country’s factory output was also pulled down to 3.9 percent in the first eight months of the current fiscal year from 4.8 percent for the first seven months.

Between the other broader indices, electricity production was up marginally by 0.7 percent, while that for mining was at 2.3 percent.

The cumulative growth of the two indices for the first eight months of the current fiscal were 4.6 percent and 2.1 percent, respectively. Manufacturing’s cumulative growth stood at 3.9 percent.

In addition, the data revealed that among the six use-based classifications of the index, the output of consumer durables segment expanded by 12.5 percent in November. The consumer goods segment accelerated by 1.3 percent.

However, capital goods segment, which is a key indicator of economic activity plunged by (-)24.4 percent. The output of consumer nondurables was lower by (-)4.7 percent.

The basic and intermediate goods’ output inched down by (-)0.7 percent each.

Overall, 17 out of the 22 industry groups in the manufacturing sector have shown negative growth during the month under review.

Segment-wise, growth was witnessed in ‘gems and jewellery’ (253.7 percent), ‘sugar machinery’ (78 percent), ‘lubricating oil’ (66.5 percent), ‘wood furniture’ (46.9 percent), ‘PVC pipes and tubes’ (31.4 percent) and ‘sugar’ (25.7 percent).

Moreover, high negative growth was reported in the ‘cable, rubber insulated’ (- 87.1 percent), ‘polythene bags’ (- 58 percent), ‘tractors’ (- 42.3 percent), ‘conductor, aluminium’ (- 36.8 percent), ‘rice’ (- 27.1 percent) and ‘three-wheelers’ (- 23.7 percent).

In the case of prices, as pulses continued to remain dear, the country’s annual retail inflation moved up further to 5.61 percent in December from 5.41 percent during the month before, the official data showed.

According to the numbers on the consumer price index, the annual rate of inflation, December-on-December, was distinctly higher in rural areas at 6.32 percent against 4.73 percent in the cities and towns.

The retail food inflation during the month under review was 6.4 percent for India as a whole, as against 6.07 percent in the month before. In the rural and urban areas, the annual inflation rates for food items were 6.41 percent and 6.31 percent, respectively.

The official data further showed that prices of pulses were up 45.92 percent over those prevailing during the past year. The cost of spices and vegetables edged up by 10.83 percent and 4.63 percent on a year-on-year (YoY) basis.

Prices of meat products were up by 6.57 percent. Other protein-based food items like milk and milk based products became expensive by 3.94 percent. Eggs’ cost rose by 0.97 percent.

Instead, in a worsening of the crisis for millers, retail inflation in sugar fell by (-)6.16 percent.

Similarly, the cost of other categories under the general index rose during the month under review. The inflation percentage in December was higher in “clothing and footwear” at over 5 percent each, and “fuel and light” at 5.45 percent. Housing was costlier by 5.06 percent.

Among the states, the maximum inflation of 9.28 percent was reported from Andhra Pradesh, followed by 7.44 percent for Odisha, 7.21 percent for Karnataka, 6.81 percent for Chhattisgarh and 6.69 percent for Tamil Nadu.

The inflation levels for the Delhi region stood at 4.53 percent.

The latest macroeconomic data provoked the concern of industry chambers.

“The steep fall in the manufacturing sector growth is because both the export and domestic demand, especially the rural demand have slowed down. It also underlines the need for more measures to stimulate investments and deeper structural reforms” said Harshavardhan Neotia, president of FICCI, in a statement here.

 

The slowdown in export may impact the growth of manufacturing,

 

“The severe downfall in IIP numbers to -3.2 percent in November 2015 is a major worrying factor as the industry was expected to grow in a good growth trajectory,” said Mahesh Gupta, president, Ph.D. Chamber of Commerce and Industry, in a statement here.

“Slowdown in domestic demand is a major factor and government must take demand-boosting measures to help industry growth to revive in the coming times,” he added.

(Inputs from IANS)

(Photo Courtesy:www.firstpost.com)

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Microsoft Announces Indian Languages Support For e-mail Addresses

Microsoft's products will also support additional Indian languages as and when their IDNs and e-mail addresses become available in the future

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Microsoft introduces Indian languages on various of its platforms. Wikimedia Commons
Microsoft introduces Indian languages on various of its platforms. Wikimedia Commons
  • Microsoft announced support in Indian Languages for e-mail
  • There will be 15 Indian languages supported now
  • Indians will be able to use Microsoft in their local languages

Microsoft on Wednesday announced support for e-mail addresses in 15 Indian languages across its apps and services, including Office 365, Outlook 2016, Outlook.com, Exchange Online and Exchange Online Protection (EOP).

Microsoft introduces 15 new indian languages to its support.
Microsoft introduces 15 new Indian languages to its support.

Indian users would be able to use local language e-mail addresses for Outlook accounts on their personal computers, the company said on the occasion of the International Mother Language Day.

It would also allow users to seamlessly send/receive mails to/from local language e-mail addresses via Outlook client on PCs, Outlook.com in addition to Outlook apps for Android and IOS.

“Making e-mail addresses available in 15 languages is an exciting step to making modern communications and collaboration tools more accessible and easier to use for all,” Meetul Patel, COO, Microsoft India, said in a statement.

The Indian languages which will be supported include Hindi, Bengali, etc. Wikimedia Commons
The Indian languages which will be supported include Hindi, Bengali, etc. Wikimedia Commons

“We are making technology use the language of people and not requiring people to first learn the traditional language of technology,” Patel added.

The initiative is part of the company’s ongoing efforts to support Email Address Internationalisation (EAI) across its products and services eco-system and make technology accessible in local languages.

The languages being introduced are those that support Unicode — an international encoding standard for use with different languages and scripts.

Microsoft’s products will also support additional Indian languages as and when their IDNs and e-mail addresses become available in the future, making this feature forward compatible.

Microsoft launches 15 Indian languages in its support. VOA
Microsoft launches 15 Indian languages in its support. VOA

Last month, Microsoft announced the integration of Artificial Intelligence (AI) and Deep Neural Networks (DNN) to improve real-time language translation for Hindi, Bengali and Tamil languages.

This technology would help users in getting results that are more accurate and natural while surfing the Internet across any website on the MS Edge browser, Bing search, Bing Translator website, as well as MS Office 365 products like Word, Excel, PowerPoint, Outlook and Skype. IANS