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A welcome initiative by the judiciary Welcome focus on core competence Sweet news for TN sugar mills Tribute – M V Murugappan More heat than light Paytm karo... Fortune for Indian Airlines More tributes to GR TGS- The king storyteller TN – agglomerate land holdings without alienating ownership Russi Mody – a tribute Reliance’s TV – 18 ready to launch Tamil News Channel More Shakthi to Das’ elbow When the President was rendered homeless… Quality silica from Neyveli A proud Madrasi Editor's Says Breaththrough in malaria control L&T: focus on infrastructure and more infrastructure… Kinetic Karnataka Mu Sigma – is no more Delhi is distant… An informal presentation - analytical, forward locking... Sri Lanka votes for change Scientists urged to take up farmer-oriented research The brown list of Venkitaramanan Measuring roof tops in terms of KW/MW Tihar, Puzhal not different from Parappana Agrahara Bihar elections - the Rajaji formula worked A rich pool of talent not utilised…. 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Poor representation for Kerala and TN in Cabinet Shanti and Sadhana through Music F C Kohli - his concerns all embracing Naidu’s return augurs well for Seemandhra TIAM turns a full cycle Focus on quality of power - its only around 170-180V Computation of GDP – conundrums continue Shaming of Tamils by Tamil farmers at Delhi Solar thermal shines… Make standards certification mandatory... Tatas moving out of urea production... Alexa – Talking Wikipedia Fuel for thought Wanted: a second airport for Chennai Modi storms Silicon Valley Why land prices zoom in TN? TN accounts for the largest recruits by the IT sector Padma Bhushan for A Ramakrishna Tax agriculture Sweeter prospects for sugar For whom the MIDS bell tolls? More Shakti to resource mobilisation... No Maha Koottani in TN... Multi-faceted Venkat Marketing expert Balagopal is no more Funding the un-funded Towards speedy justice Cement prices continue to rise… Kulandai was a giant Plummeting profits of PSBs When nations steal growth from one another… ONGC at KG Basin Excel Generators provide the vital back-up Protest masters... Shale gas and its shallow future Adharma of opposition politics Airlines in India: cost and space Return to king coal for urea... GM Technology at last! Don’t seem to feel the pulse… Pharma – overdose of copying R Sridhar steps down as CEO of Shriram Capital Another Indian music maestro at the UN Rs.1600 crore paper board plant of TNPL Land reclamation from sea appears cheaper! Tatas moving out of urea production... Online not in line with brick and mortar businesses... Things happen by accident and not by design... The ‘Ayyo-yes’ is no more Lalu’s envy, India’s pride Tribute – Manikam Ramaswami Modi and the lady Readers' Mail Fortune 500 review Valli, they are more marginalised Tribute – UCAL Selvan… IPL type auction for VCs? Come elections, come advertisements... Insurance companies bleeding, yet no decision on increasing FDI limit! Preserving for the future The balancing act MHC should not return to its old indisciplined ways London, London Narayan New IT products of Ramco in the pipeline… Where is Rajaji? An enemy’s enemy is a friend A Grand Finale for SN’s MS centenary at the US… The Ports’ Pasha expands into Tamil Nadu Revive development banks... Auto components surge… The Gulf aviation boom CIPET hqrs to stay at Guindy – for the present? Maximising the micro pricing … There was flood of milk. Reason: no milk commissioner! Robber barons everywhere Infrastructure funding – lessons learnt The rise and rise of KCP IPL - no surprise this scam Odisha: spectacular win by Naveen Patnaik Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated A think tank for Chennai The Swadeshi Trump EVM is tamper-proof Air Asia India will set new benchmarks for budget travel
 
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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