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Cleaning Ganga – relocate tanneries and install electric crematoria Pharma – overdose of copying Naidu will soon build a new Hyderabad Welcome focus on core competence Which side are you, Montek? Making ‘my Amaravati’... Editor's Notes A think tank for Chennai Kudos to NDTV... TN accounts for the largest recruits by the IT sector The nuclear option Like Hinduism: many paths to reach God... Shanti and Sadhana through Music More heat than light Marketing expert Balagopal is no more Quality silica from Neyveli More tributes to GR Road development slows down The Swadeshi Trump Odisha: spectacular win by Naveen Patnaik The why of tax incentives When Ratan Tata visited SRM For whom the MIDS bell tolls? Welcome GST Editor's Says Kinetic Karnataka Eternal support for capitalisation of PS banks Poor quality of university VCs Tax agriculture This scant respect for Law Excel Generators provide the vital back-up He saved millions from starvation... Parliament in paralysis... Streamlining mandatory third party cover Revving up the manufacturing sector The Gulf aviation boom Fall in crude prices help in oil sector reform Shipping woes of Chennai companies Robber barons everywhere Airlines in India: cost and space L&T- the specialty of special purpose vehicles Valli, they are more marginalised Quality education through the PPP mode Wanted: a second airport for Chennai West Bengal: mindless malignancy Roaring Ro-Ro facility A more liberated TN… Medical costs hit the roof... Polls and promises Convulsions in The Hindu EEC at the National Media Centre Shale gas and its shallow future A friendly business group Welcome thrust on trade in Modi’s foreign visits... Music happens Land reclamation from sea appears cheaper! Rs.1600 crore paper board plant of TNPL Reliance’s TV – 18 ready to launch Tamil News Channel Solar, solar everywhere … Preserving for the future CSR and CMI: promise of another Srinivasan Ramanujan... Discoms deserve better… Lesson from Chandrababu Naidu Delhi returns to BJP Online not in line with brick and mortar businesses... An inexplicable neglect Mersal magnified ONGC at KG Basin Maximising the micro pricing … Should we change the official year? Of course, Gujarat is vibrant R Sridhar steps down as CEO of Shriram Capital EVM is tamper-proof The ‘Jayanthi Tax.’ Auto components surge… PC’s preference for professionals Breaththrough in malaria control Intellectual of rare qualities Five star activism stalls development activity Banning booze... Paytm karo... Building loyalty through the stomach Towards speedy justice Things happen by accident and not by design... Welcome changes that testify to Jayalalithaa’s return to health The sea- saw battle continues... WTO Meet: resolved to meet again Fuel for thought All eyes on Sankara Nethralaya Computation of GDP – conundrums continue Remembering Indira Sivasailam... 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Wise Presidents Another Indian music maestro at the UN Mu Sigma – is no more Secularism and anti-Hinduism L&T: focus on infrastructure and more infrastructure… Demise of a media baron... London, London Narayan Delhi is distant A glass full of corruption Gay abandon in pricing Tribute – Manikam Ramaswami When nations steal growth from one another… Fortune for Indian Airlines A professional at the helm of IRDA... Alexa – Talking Wikipedia Haul over the coal Strengthen the base... Delhi Chalo... A Grand Finale for SN’s MS centenary at the US… Return to king coal for urea... Naidu’s return augurs well for Seemandhra Nuclear power at the nucleus When the President was rendered homeless… Infrastructure funding – lessons learnt The rise and fall of Annamalai University The rise and rise of KCP IAS invades NDDB... CRS, a jewel among managers, is no more. A C Muthiah – his munificent bequeaths to science Poor representation for Kerala and TN in Cabinet Revive development banks... S V Raju – a ‘good’ true liberal Moily’s bold thrust Where a state respects its litterateurs… Not just in-laws (and outlaws); they’ve renowned academics at the helm! Boy, can you beat these? Waning interest in public discussions… CII projects higher growth… Build close rapport with business leaders Tihar, Puzhal not different from Parappana Agrahara New IT products of Ramco in the pipeline… Don’t seem to feel the pulse… Protest masters... No mega rail project for Tamil Nadu A welcome initiative by the judiciary A rich pool of talent not utilised…. More Shakti to resource mobilisation... Permanent secretariat for TN GIM TN – agglomerate land holdings without alienating ownership GNS - 100: our first subscriber The star of Spencers is no more Plummeting profits of PSBs The few handicaps... Liberal imports idling indigenous capacities Scientists urged to take up farmer-oriented research Contrarian cousins MHC should not return to its old indisciplined ways Tatas moving out of urea production... Why this malaise in medical education? Tribute – M V Murugappan Kulandai was a giant Whistle-Stop Tour of Raghuram Rajan Noble nonagenarians... No engine for this car Modi and the lady Russi Mody – a tribute CIPET hqrs to stay at Guindy – for the present? For whom the bell tolls? More Shakthi to Das’ elbow Small units prefers to remain small... TELANGANA at last…BUT IPL - no surprise this scam SoA @ 80 The Ports’ Pasha expands into Tamil Nadu Cutting the nose to spite the face Gas is the way forward The ‘Ayyo-yes’ is no more Insurance companies bleeding, yet no decision on increasing FDI limit! Measuring roof tops in terms of KW/MW to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines F C Kohli - his concerns all embracing There was flood of milk. Reason: no milk commissioner! When TN politicians can emulate Kerala's Modi storms Silicon Valley Cement prices continue to rise… The brown list of Venkitaramanan Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Align crops to agro climate endowments… Bihar elections - the Rajaji formula worked The power-full Hindujas Where is Rajaji?
 
Cement prices continue to rise…

There has been only modest success in controlling the rise in prices. Despite claims of big success in controlling inflation, there are run away increases in several items of common consumption. A paradox here relates to the creation of high capacity but low capacity utilisation and soaring prices. Cement and steel offer the most glaring examples. Cement manufacturers complain of working to just around 60 per cent of capacity. One doesn’t notice much of an increase in the cost of inputs like limestone.  

Yet look at the price distortion: a bag of cement in Chennai is sold at  Rs. 420 while it is sold around Rs. 300 in Delhi. The price has doubled in less than five years. There is already a case pending before the Competitive Commission of India which has charged several cement manufacturers of cartelisation. Likewise steel producers continue to increase prices by claiming better quality of structural steel; they seem to graduate year after year- from Fe430 to Fe500 and now Fe550 grades of steel. Manufacturers claim that the increased strength that should logically result in reduced consumption per unit of construction thus helping in price stability. But contractors do not agree. The result is unrelenting increase in cost of construction material that has resulted in unaffordable levels of housing prices. Property prices in prime locations in the city like K K Nagar have shot up from a level of Rs. 800 to 1000 a sq ft in 2001 to Rs. 11,000 to 12,000 per sq ft today. This in turn has led to huge unsold properties.

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