Global crude oil price of Indian Basket was US$ 45.07 per bbl on 06.11.2015

10 Tuesday Nov 2015

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Global crude oil price of Indian Basket was US$ 45.07 per bbl on 06.11.2015

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.07 per barrel (bbl) on 06.11.2015. This was lower than the price of US$ 45.66 per bbl on previous publishing day of 05.11.2015.

In rupee terms, the price of Indian Basket decreased to Rs 2965.20 per bbl on 06.11.2015 as compared to Rs 2998.62 per bbl on 05.11.2015. Rupee closed weaker at Rs 65.79 per US$ on 06.11.2015 as against Rs 65.68 per US$ on 05.11.2015.

Winter session of Parliament from November 26 till December 23,2015

10 Tuesday Nov 2015

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Winter session of Parliament from November 26 till December 23,2015

2 day discussion on Commitment to Constitution as part of 125th Birth Anniversary of Dr.Ambedkar

The Cabinet Committee on Parliamentary Affairs (CCPA) today met and recommended convening of Winter session of Parliament from November 26 till December 23, 2015 subject to the exigencies of Government Business. This was announced to the media by Minister of Parliamentary Affairs Shri M.Venkaiah Naidu.

Shri Naidu also informed that separate special sittings of both the Houses of Parliament will be held on the first two days of Winter session to discuss ‘Commitment to the Constitution’ as a part of 125th Birth Anniversary celebration of Dr.Bhim Rao Ambedkar and November 26 will be observed as ‘Constitution Day’ commemorating the acceptance of Draft Constitution on November 26,1949. Question Hour and Zero Hour will be dispensed with on these two days.

Talking to media persons later, Shri M.Venkaiah Naidu urged the opposition parties in the Parliament to cooperate in passing of important pending Bills pertaining to introduction of Goods and Service Tax (GST) and setting up Real Estate Regulators etc. He said that the Bihar Assembly Verdict reflected the mood of the people in the state and it should not be construed as a mandate to stall the functioning of the Parliament. He said : “I was disturbed by media reports and analyses in the media after yesterday’s Bihar verdict that opposition parties in the Parliament will now be more emboldened to unite and stall the government’s Parliamentary agenda for the coming winter session. I sincerely hope that it is not the view of the concerned parties. All concerned need to understand the Bihar verdict in right perspective. People of Bihar like in other states too want development. By development, it means rapid economic growth through flow of investments into different sector like infrastructure, power, irrigation, education, health etc.

To realise rapid economic growth, we need to put in right environment in place. This required carefully considered reforms. To interpret Bihar verdict in any other manner only amounts to questining the wisdom of the people of the state. Bihar verdict is a clear statement of people’s aspirations. It should not be interpreted as a mandate to obstruct Parliament.

Development of Bihar and that of India are interlinked and are mutually reinforcing. The legislative initiatives under consideration of the Parliament are equally crucial for Bihar in as much as for other states. Measures for introduction of GST and Real Estate Regulator have been initiated long back and need to be taken to their logical conclusion given the benefits that flow. Opposition parties may have some concerns and the Government is always willing to sit with them and address them. This has been our approach since assumption of office last year.”

UN launches International Year of Pulses

10 Tuesday Nov 2015

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From butter beans to pigeon peas: UN launches International Year of Pulses
2016 will promote protein power, health benefits of dried legumes

10 November 2015, Rome – Pulses, including all kinds of dried beans and peas, are a cheap, delicious and highly nutritious source of protein and vital micronutrients that can greatly benefit people’s health and livelihoods, particularly in developing countries — that was the UN’s message at the launch of the International Year of Pulses 2016 today.

“Pulses are important food crops for the food security of large proportions of populations, particularly in Latin America, Africa and Asia, where pulses are part of traditional diets and often grown by small farmers,” said FAO Director-General José Graziano da Silva.
“They have been an essential part of the human diet for centuries,” he added, “Yet, their nutritional value is not generally recognised and is frequently under-appreciated.”
“Pulses can contribute significantly in addressing hunger, food security, malnutrition, environmental challenges and human health,” UN Secretary-General Ban Ki-moon added in a written statement delivered on his behalf at the launch ceremony.
Running under the slogan “nutritious seeds for a sustainable future”, the UN General Assembly declared 2016 the International Year of Pulses to raise awareness of the many benefits of pulses, boost their production and trade, and encourage new and smarter uses throughout the food chain.
In a symbolic gesture following his address, the FAO Director General planted a number of fava beans in a planter full of soil as he proclaimed the International Year opened.
Untapped potential
Pulses are part of the food culture and standard diet in most parts in the world and a key ingredient in many signature national and regional dishes, from falafel to dahl to chilli and baked beans.
There are hundreds of varieties of pulses grown throughout the world. Popular ones include all varieties of dried beans, such as kidney beans, lima beans, butter beans and broad beans. But also chickpeas, cowpeas, black-eyed peas and pigeon peas (learn more: What are pulses).
They are an affordable alternative to more expensive animal-based protein, which makes them ideal for improving diets in poorer parts of the world. Protein sourced from milk, for example, is five times more expensive than protein that can be sourced from pulses.
Because pulses yield two to three times higher prices than cereals, they also offer great potential to lift farmers out of rural poverty, and processing provides additional economic opportunities, especially for women.
Health benefits
While small, pulses are packed with proteins – double that found in wheat and three times that of rice.
They are also rich in micronutrients, amino acids and b-vitamins, which, the FAO Director-General underlined, are vital parts of a healthy diet.
Low in fat and rich in nutrients and soluble fibre, pulses are also excellent for managing cholesterol and digestive health, and their high iron and zinc content makes them a potent food for combating anemia in women and children. They are a key ingredient in healthy diets to address obesity and to prevent and manage chronic diseases such as diabetes, coronary conditions and cancer.
Because of their high nutritional content, pulses are a staple in emergency food baskets and since they do not contain gluten, they are also suitable for celiac patients.
Benefits for animals and the environment
But pulses don’t just benefit human health – they also improve animal and soil health and support biodiversity.
Crop residues from pulses can be used as animal fodder to increase nitrogen concentration in the diet, which improves animal health and growth.
The FAO Director-General particularly highlighted how the nitrogen-fixing properties of pulses can improve soil fertility, which extends the productivity of farmland, and eliminates dependency on synthetic fertilizers. The latter leads to a smaller carbon footprint and indirectly reduces greenhouse gas emissions.
What’s more, by improving soil health overall, pulses promote below-the-surface biodiversity, too, as they create a rich home for germs, bugs and bacteria of various kinds.
Because pulses as a group are very genetically diverse, they also hold a great potential for climate adaptation, as they enable farmers to select new varieties to adjust their production to changing climate conditions.
Finally, using pulses as cover crops and in intercropping systems – planting them in between other crops or as part of crop rotations — can reduce soil erosion and help control pests and diseases.
The co-chairs of the steering committee of the International Year of Pulses, Aydin Adnan Sezgin and Nadeem Riyaz, Permanent Representatives of Turkey and Pakistan to FAO, made opening and closing remarks at today’s ceremony, which also included a presentation by Mahmoud Solh, Director-General of the International Center for Agricultural Research in the Dry Areas (ICARDA).
Other recent international years have focused on soils, family farming, and quinoa.

అందరూ శాకాహారులే అయినా బుట్టలో రొయ్యలు మాయం

10 Tuesday Nov 2015

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బీహార్‌లో బిజెపి ఓటమికి ఎవరూ బాధ్యులు కాదట, అందరూ బాధ్యులేనట ! మంగళవారం నాటి పత్రికలు చూసిన వారికి అర్ధమైన భావం ఇదేనేమో. పార్టీ పార్లమెంటరీ సమావేశం లోపల ఏం చర్చించుకున్నారో తెలియదు గానీ బయటకు మాత్రం వెల్లడించిన సందేశ సారాంశమిది. గతంలో ఇందిరా గాంధీ చుట్టూ చేరిన భజన పరులు ఇందిరే ఇండియా, ఇండియాయే ఇందిర అని నినాదమిస్తే ఆమె దానిని నివారించలేదు. అలాగే దేశంలో ఏం జరిగినా నరేంద్రమోడీ మహత్యమే అని చిత్రించటానికి ఒక తీవ్ర ప్రయత్నం జరుగుతోంది. గతాన్ని ఒకసారి సింహావలోకనం చేసుకోవాలి. మనది పార్లమెంటరీ ప్రజాస్వామిక వ్యవస్ధ, అంటే ఎన్నికలలో మెెజారీటీ సంపాదించిన పార్టీ ఎంపీలు అధికార పార్టీ నాయకుడిని ఎన్నకుంటే ప్రతిపక్ష పార్టీల సభ్యులు కూడా తమ నేతలను ఎన్నుకుంటారు. కానీ అధ్యక్ష తరహా ఎన్నికల మాదిరి ముందుగానే ప్రధాని అభ్యర్ధి ఎవరో ప్రకటించాలంటూ బిజెపి కాంగ్రెస్‌ను సవాలు చేసిన విషయాన్ని గుర్తు తెచ్చుకోవాలి. అదే బిజెపి బీహార్‌ విషయానికి వచ్చే సరికి అందుకు విరుద్ధంగా ప్రవర్తించింది. అక్కడ ఎన్నికల విజయంపై మితిమీరిన విశ్వాసంతో వున్న మోడీ అనుచర గణం విజయాన్ని మోడీకి ఆపాదించే ఎత్తుగడతోనే ముఖ్యమంత్రి అభ్యర్ధిని ప్రకటించనివ్వలేదు, అంతేకాదు రాష్ట్ర టీమును కూడా ప్రజల ముందుంచలేదు. మొదటి దశ ఎన్నికలలో పోలింగ్‌, జనం నాడిని పసిగట్టిన బిజెపి తరువాత నరేంద్రమోడీతో పాటు స్ధానికనేతల చిత్రాలను కూడా పోస్టర్లలో ముద్రించి ప్రచారం చేసింది. గెలిస్తే మోడీ ఘనత లేకుంటే స్ధానిక నేతలపైకి నెట్టేందుకే ఇది అని అప్పుడే వ్యాఖ్యలు వెలువడిన విషయాన్ని గమనించాలి.

ప్రతం చెడ్డా ఫలం దక్కలేదు. మామూలుగా ఎక్కువ సమయం విదేశాల్లో గడిపే నడిపే నరేంద్రమోడీ విదేశీ పర్యటనలను త్యాగం చేసి బీహార్‌లో తిష్టవేసి గల్లీ గల్లీ తిరిగి ప్రచారం చేశారు. బిజెపి అధికారిక వెబ్‌సైట్‌ సమాచారం ప్రకారం 29 నియోజకవర్గాలలో ప్రచారం చేశారు. ప్రధాని ఒక కేంద్రంలో జరిగే సభ అంటే పరిసర ప్రాంతాలు లేదా జిల్లాలోని నియోజకవర్గాలన్నింటికీ వుద్ధేశించి వుంటుంది. అయినా 29 నియోజకవర్గాలనే పరిగణనలోకి తీసుకున్నా 16 చోట్ల బిజెపి ఓడిపోయింది. లక్షానలభై వేల కోట్ల బీహార్‌ పాకేజ్‌, బిజెపి నేత అరుణ్‌ శౌరీ వ్యాఖ్యానించినట్లు కాంగ్రెస్‌ అజెండాకు ఒక ఆవును కలిపినా ఫలితం లేకపోయింది. ఘోర ఓటమి ఎందుకు సంభవించిందో ఆత్మావలోకనం చేసుకోకుండా ఎవరిదీ తప్పులేదని చెప్పటం చుట్టూ శాఖాహారులే మధ్యలో రొయ్యల బుట్ట మాయం అన్నట్లుగా వుంది.

ఇప్పటివరకు బిజెపి అధ్యక్షుడు అమిత్‌ షా పెద్ద వ్యూహకర్త అని వూదరగొట్టారు. తీరా ఇప్పుడు బీహార్‌లో కులాల వారీ ఓట్లు చీలిపోతాయని , మహాకూటమి పక్షాల మధ్య ఓట్లు పూర్తిగా బదిలీ కావని అనుకున్నాము, దానికి భిన్నంగా పక్కాగా బదిలీ అయ్యాయి, ఈ పరిణామాన్ని వూహించలేదు, ఇదే తమ ఓటమికి కారణం తప్ప వ్యక్తులు కాదు అని ఇప్పుడు చెబుతున్నారు. దీనిలో పెద్ద వ్యూహం, ఎత్తుగడ ఏముంది, అమిత్‌ షా బుర్రలో ఇంత కంటే మెరుగైన ఆలోచనలు, ఎత్తుగడలు లేవన్న మాట. నిజానికి ఇలా చెప్పటం అసలు కారణాలను బయటికి చెప్పుకోలేకపోవటం తప్ప వేరు కాదు. ఎన్నికల ఫలితాలు వెలువడుతుండగానే బిజెపి పార్లమెంట్‌ సభ్యుడు హుకుం నారాయణ యాదవ్‌ తమ ఓటమికి ఆరెస్‌ఎస్‌ అధిపతి మోహన్‌ భగత్‌ రిజర్వేషన్లకు వ్యతిరేకంగా చేసిన వ్యాఖ్యలే అని వ్యాఖ్యానించాడు. ఆ విషయాన్ని అంగీకరించే దమ్ము బిజెపికి లేదు. అందుకే ఎవరి బాధ్యత లేదు అని చెప్పుకోవాల్సి వచ్చింది. రాజకీయేతర వ్యక్తులతో కూడిన ఒక కమిటీని నియమించి రిజర్వేషన్లను సమీక్షించాలని గతంలో ఆర్‌ఎస్‌ఎస్‌ చేసిన తీర్మానానికి ప్రధానితో సహా ప్రభుత్వంలోని ‘ప్రచారక్‌లు’ ఇప్పటికీ కట్టుబడి వున్నారా లేదా ?

WTO meet: India needs to stand by farmers

10 Tuesday Nov 2015

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Developing countries must ensure that WTO is not reduced to a permanent satellite of Washington and Brussels

D. Ravi Kanth
LIVE MINT
An electoral debacle for the ruling party in a major state is one thing. But the failure to safeguard the interests of hundreds of millions of poor farmers will be a much bigger embarrassment. That is the predicament the Narendra Modi governments faces in less than five weeks. The verdict of the people in Bihar, India’s third-most populated state with around 100 million people, came as a body blow to Modi and his party. The inescapable lesson is that people want inclusive economic and social development with justice.

But, on a larger global stage, the Bihar electoral result also resonates with another message. It is whether governments in developing countries can secure multilateral justice for their subsistence/livelihood farmers. The existing global trade rules do not favour the wretched of the earth. That these rules are rigged in favour of rich countries is conclusively established by numerous studies. Little wonder that governments in industrialized countries continue to provide tens of billions of dollars regardless of the distortions they cause in the international markets. The cotton farmers of West Africa have suffered untold misery because of the American subsidies. The US, for example, provides around $50,000 to its farmers on a per capita basis annually. In contrast, India offers around $200 per farmer. And the number of people dependent on farming in India runs into hundreds of millions while in the US they add up to a little more than 25,000 farmers.

Come 15 December, the farmers of India and other countries will know whether their governments stood for their bread-and-butter interests at the trade ministerial summit of the World Trade Organization (WTO) in Nairobi, Kenya. The meeting is also an acid test for the future of WTO and whether it continues to pursue the unfinished Doha Development Agenda trade negotiations.

The US and the European Union started the Doha negotiations in 2001, immediately after the 9/11 terrorist attacks, promising that “the needs and interests of developing members” will be squarely addressed. After adopting intransigent positions during the past 14 years, the two trade elephants are working round the clock to bury the Doha negotiations at Nairobi.

More insidiously, the US and the EU along with other industrialized nations have ensured that the iniquitous rules of the previous Uruguay Round for farm subsidies are left untouched. Of course, it suits them to continue with their farm subsidies on an increasing scale. Hence, the sustained attempt to terminate the Doha negotiations in Nairobi without reforming those distorting farm subsidies.

Last month, India hosted a meeting of African leaders in New Delhi. When trade ministers meet in Nairobi, Modi said at the meeting, they should ensure that the “the Doha Development Agenda of 2001 is not closed without achieving those fundamental principles”. They should also “achieve a permanent solution on the public stockholding programmes for food security and special safeguard mechanism (SSM) in agriculture for the developing countries,” he said.

These two outcomes are central to the survival of poor farmers in India and other developing countries. The public stockholding programme enables governments in the developing world to procure food grains at market prices from subsistence farmers and then distribute them at cheaper prices to people for their daily consumption. But the rules governing the public stockholding programmes are filled with conflicting provisions. While the public stockholding programmes figure in the so-called green-box subsidies that are exempted from reduction commitments, they also come under the purview of trade-distorting subsidies. This anomaly needs to be corrected.

In a similar vein, SSM is critical for preventing unforeseen surges in imports of agricultural products coming from subsidized farmers of rich countries. The G-33 coalition of 47 developing countries led by Indonesia, in which India, China, and other countries of Africa, Asia, and South America are members, have offered simple proposals based on the decisions taken in the Doha negotiations.

These two issues could have been easily sorted out over the last two years. Indeed, the outcome on the permanent solution for public stockholding programmes for food security is mandated as part of the decisions taken last year, following a bilateral agreement between the US and India.

But the industrialized countries chose to adopt a vicious form of diversionary tactics time and time again. Last week, the US, the EU, Australia, Canada, Norway, along with Chile, Colombia, Paraguay and Pakistan, among others, scuppered the proposed outcomes on both the public stockholding programmes for food security and SSM, citing extraneous reasons.

During a meeting of heads of delegations at WTO on Friday, Chinese trade envoy Yu Jianhua pointed a finger at these countries for having walked away with the trade facilitation agreement last year while turning their backs to the remaining issues of the DDA.

Indeed, New Delhi had blundered by signing the bilateral agreement with the US on the public stockholding programmes without securing cast-iron guarantees last year. It should have known that there was never any genuine intention on the part of the US and other countries to deliver on the promises they made either in the DDA or at the Bali ministerial meeting.

The reasons for closing the round by these countries are as clear as daylight. They want to transform WTO to serve their egregious interests and sweeten bilateral deals struck among them. The developmental agenda of the DDA has almost been killed by these countries.

China, India, South Africa, Indonesia and other countries should form a robust alliance to prevent these sordid developments at the 10th ministerial conference. The developing countries must ensure that WTO is not reduced to a permanent satellite of Washington and Brussels. In short, the Modi government has an opportunity to prove that it stands for its farmers when push comes to shove at Nairobi. Otherwise, poor farmers of Bihar, Uttar Pradesh, West Bengal, Tamil Nadu, and Kerala will never forgive.

U.S. Futures Daily Cotton Market – 9th November, 2015

10 Tuesday Nov 2015

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Contract Open * High Low Close * Settle Change
Dec ’15 61.89 62.07 61.61 61.95 61.90 +0.24
Mar ’16 62.08 62.29 61.71 62.23 62.12 +0.38
May ’16 62.70 63.04 62.43 63.00 62.87 +0.40
Jul ’16 62.85 63.38 62.85 63.37 63.29 +0.38
Oct ’16 0 0 0 0 63.34 +0.38
� Open and Close prices reflect the first and last trade in the market and do not correlate to any opening or closing period �
Cotlook ‘A’ Index
68.65
(Unch)
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**MARKET OUTLOOK**

India & International Market Highlights:
• With the conclusion of Trans-Pacific Partnership agreement, the apparel produced in Vietnam for the United States market will be tariff-free.
• Cotton prices were unchanged as demand from mills and exporters were limited due to festivals.
North Zone:

Cotton traded easy tone across major spot markets of north India on Monday. Prices were down Rs 20-30 per maund. In Punjab, ready delivery cotton traded at Rs 3455-3465 a maund. In Haryana, it offered at Rs 3,400-3,410 while in Rajasthan, ready delivery new cotton quoted at Rs 3,350-3,420 a maund.

Central Zone:

Cotton spot prices steady tone across west India market on Monday. Gujarat Sankar-6 new cotton traded at Rs 32100-32400 per candy and Sankar-6 old variety was traded at Rs 32200-32700 per candy of 356 kg for best quality cotton. while B-Grade Cotton traded flat at Rs 31700-32000 per candy. V 797 cotton offered at Rs 24000-24500 a candy. While in Maharashtra, New Crop cotton quoted at Rs 31800-32300 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.
US Cotton Futures :
Cotton ends higher on contract roll, ahead of USDA report: November 10, 2015 – ICE cotton futures rebounded to settle higher on Monday after hitting 3-1/2-week lows in the prior session amid heavy volume as investors rolled contracts from the December contract to March ahead of the US Department of Agriculture’s supply and demand report. “There’s some concern the USDA may not lower exports,” said Louis Rose, independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee, said referring to Tuesday’s report. He noted that a strong export sales report in the prior week may have changed the market’s sentiment on the likelihood the agency would reduce its forecast for US exports. The March contract on ICE Futures US rose by 0.38 cent, or 0.6 percent, to settle at 62.12 cents per lb. December cotton settled up 0.24 cent, or 0.4 percent, at 61.90 cents per lb. December’s discount to March widened to as much as 0.22 cent, the highest level since mid-June. Total futures market volume rose by 190 to 38,943 lots. Data showed total open interest fell 315 to 194,650 contracts in the previous session. Certificated cotton stocks deliverable as of November 6 totalled 45,596 480-lb bales, up from 42,322 in the previous session. The dollar index was down 0.21 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was down 1.00 percent. The Relative Strength Index in the most-active contract rose to 47.757. Copyright Reuters, 2015
Pakistan :
Seed cotton prices slip further on falling demand: November 10, 2015 – Seed cotton (Phutti) prices came down on the cotton market on Monday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 5300, dealers said. In Sindh, seed cotton prices were down by Rs 100 to Rs 2400 and Rs 2800 and in the Punjab rates were at Rs 2500 and Rs 3000, they said. In the ready business, nearly 10,000 of deals were finalised between Rs 4900 and Rs 5550, they said. Market sources said that both growers and ginners were not busy in panic selling but despite of this volume of business is not picking up. They said that devaluation of the Indian rupee last week, had propelled local importers to continue import and this factor is causing a concern among the sellers of cotton. Cotton analyst, Naseem Usman said that the country would have to import nearly 2.5 million bales to meet the local demand. He said that prices may show softness in the coming days or stay with no change. The following deals reported: 400 bales from Tando Adam at Rs 4900, 2000 bales from Mehrabpur at Rs 5300, 400 bales from Rasoolabad at Rs 5300, 800 bales from Sui at Rs 5300, 600 bales from Setharaja at Rs 5300-5350, 800 bales from Rohri at Rs 5400, 600 bales from Salehpat at Rs 5400, 400 bales from Fort Abbas at Rs 5500, 600 bales from Haroonabad at Rs 5500, 400 bales from Alipur at Rs 5500, 800 bales from Rahim Yar Khan at Rs 5550, 400 bales from Khanpur at Rs 5550 and 400 bales from Layyah at Rs 5400, dealers said.
China :
Chinese textile firms expanding overseas: Nov 9 2015 – Textile firms of China are expanding overseas and Vietnam is becoming the favourite destination to set up new facilities for textile manufacturers of China. The reasons behind the shift are increase production and labour costs in the country. Another reason is that the apparels produced in the Southeast Asian country for the United States market will be tariff-free post the last month’s Trans-Pacific Partnership agreement. One of the textile manufacturing firms of China, Huafang Co. — a textile business in Shandong Province, is planning to set up its first overseas unit, which will be engaged in producing high-end fabrics factory, in Vietnam with a US $ 110 million investment. Around 150 million yuan will be invested into a research and development centre to explore new technologies covering the whole gamut of industry chain, including cotton, spinning, weaving and dyeing. Recently, China-based textile manufacturer Keer also set up its facility in Lancaster County, USA and reported that the cost of land is reasonable there and even the workers are ready to get trained at nominal wages. Keer’s mill spins yarn from raw cotton to sell to textile makers across Asia. But it still spins much of its yarn in China, importing the raw cotton from America. Zhu Shanqing, Chairman of the company said that Keer has moved to the US because of land, incentives, workers and best suited business environment here, as in China, yarn manufacturing sector is losing money. Luen Thai International Group, which is Hong Kong’s largest clothing company, Sanshui Jialida TextileCo, based in Guangdong Province, and Vietnam’s Vinatex Co. are planning to establish a textile industrial park.