National
Indian manufacturing in downtrend in December: SBI
Mumbai, Dec 26 (IANS) Indian manufacturing activity in December improved marginally over the previous month taken over a yearly period, while the index fell more sharply on a monthwise comparison, a key macro data showed on Tuesday.
State-run State Bank of India’s (SBI) Composite Index is an indicator of manufacturing activity that helps estimate periods of contraction and expansion.
“The yearly SBI Composite Index for Dec’17 is at 53.1 (Moderate Growth), compared to 53.0 (Moderate Growth) in Nov’17. The M-o-M (month-on-month) index declined to 50.6 (Low Growth) in Dec’17, compared to 51.2 (Low Growth) in Nov’17,” according to the bank’s latest Ecowrap report.
“This indicates a possible slowdown in IIP (Index of Industrial Production – government data) growth in the next couple of months,” said the research report authored by bank Chief Economic Adviser Soumya Kanti Ghosh.
The Composite Index has mainly two indices — the SBI Monthly Composite Index and the SBI Yearly Composite Index.
“A consistent negative (positive) month-on-month forecast in the index will lead to negative (positive) growth rate in year-on-year index after a while,” the report said.
“We, however, believe, even though the momentum may have slowed down, the outlook for some of the sectors appears largely positive. One such sector is fertiliser sector,” Ghosh said.
According to SBI, the financials of the 26 fertiliser companies reported an improvement in operations in terms of operating income and net profit growth in the first half of the current fiscal.
“The bottom line of the sector grew by 34 per cent, while the top line grew by only 2 per cent,” said the Ecowrap.
“The new project announcement in the fertiliser sector is showing an upward trend with 13 projects in FY14 to 34 projects in FY17 entailing an investment of Rs 23,614 crore in FY17 from Rs 10,172 crore in FY14,” it added.
–IANS
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National
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.