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Permanent secretariat for TN GIM Diamond jubilee of Egmore Samskrt School Put expensive assets created to use... He continues the focus on social amelioration Colour-Chem’s colourful KRVS Tribute – Manikam Ramaswami PPP mode for upgrading Corporation Hospitals IAS invades NDDB... Readers' Mail Welcome focus on core competence Fortune 500 review Lesson from Chandrababu Naidu S Ramanathan – a versatile musician, musicologist A C Muthiah – his munificent bequeaths to science When Ratan Tata visited SRM GM Technology at last! When online building permits work…. Revving up the manufacturing sector Silver Years of Madras Musings A proud Madrasi The Gulf aviation boom EEC at the National Media Centre A rich pool of talent not utilised…. Naidu’s return augurs well for Seemandhra Lalu’s envy, India’s pride TIAM turns a full cycle Boy, can you beat these? Streamlining mandatory third party cover Fuel for thought How Air-India loses customs... A welcome initiative by the judiciary Infrastructure funding – lessons learnt ONGC at KG Basin Odisha: spectacular win by Naveen Patnaik Valli, they are more marginalised Wise Presidents Robber barons everywhere Like Hinduism: many paths to reach God... Alexa – Talking Wikipedia IPL type auction for VCs? Waning interest in public discussions… Shale gas and its shallow future Strengthen the base... Adharma of opposition politics Convulsions in The Hindu For whom the MIDS bell tolls? When small is no larger beautiful.. Banning booze... Don’t seem to feel the pulse… This scant respect for Law Marketing expert Balagopal is no more There was flood of milk. Reason: no milk commissioner! The power-full Hindujas SoA @ 80 Poor representation for Kerala and TN in Cabinet S V Raju – a ‘good’ true liberal Cleaning Ganga – relocate tanneries and install electric crematoria Align crops to agro climate endowments… Tribute – M V Murugappan Computation of GDP – conundrums continue Inflation: are we emulating Argentina and Brazil? Where is Rajaji? Delhi is distant… The Ports’ Pasha expands into Tamil Nadu Haul over the coal The ‘Jayanthi Tax.’ Whistle-Stop Tour of Raghuram Rajan The brown list of Venkitaramanan Solar thermal shines… New IT products of Ramco in the pipeline… More Shakti to resource mobilisation... 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Build close rapport with business leaders The star of Spencers is no more Kinetic Karnataka The why of tax incentives Fortune for Indian Airlines The balancing act Building loyalty through the stomach Make standards certification mandatory... Shipping woes of Chennai companies Music happens Online not in line with brick and mortar businesses... Vibrant Gujarat Sri Lanka votes for change Padma Bhushan for A Ramakrishna Tihar, Puzhal not different from Parappana Agrahara Tax agriculture Where a state respects its litterateurs… Excel Generators provide the vital back-up Scientists urged to take up farmer-oriented research CIPET hqrs to stay at Guindy – for the present? WTO Meet: resolved to meet again Moily’s bold thrust China invests in India Multi-faceted Venkat Wanted: a second airport for Chennai Contrarian cousins Naidu will soon build a new Hyderabad The rise and rise of KCP Mersal magnified Welcome changes that testify to Jayalalithaa’s return to health Reliance’s TV – 18 ready to launch Tamil News Channel Adapt Vajpayee dinner diplomacy When nations steal growth from one another… Secularism and anti-Hinduism B H Kothari - a tribute Road development slows down Preserving for the future Pharma – overdose of copying Godspeed, Chief Minister JJ Gas is the way forward Insurance companies bleeding, yet no decision on increasing FDI limit! Tribute – UCAL Selvan… Delhi is distant The ‘Ayyo-yes’ is no more Liberal imports idling indigenous capacities Protest masters... Parliament in paralysis... Remembering Indira Sivasailam... Another Indian music maestro at the UN A think tank for Chennai Rahman at CIC 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 More tributes to GR Rs.1600 crore paper board plant of TNPL Small units prefers to remain small... CII projects higher growth… Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Shanti and Sadhana through Music West Bengal: mindless malignancy Roaring Ro-Ro facility Muffled voices for merit… Modi storms Silicon Valley Solar, solar everywhere … Editor's Says CRS, a jewel among managers, is no more. The sea- saw battle continues... Noble nonagenarians... A yen for wastage… TN – agglomerate land holdings without alienating ownership The few handicaps... More heat than light F C Kohli - his concerns all embracing R Sridhar steps down as CEO of Shriram Capital Why land prices zoom in TN? Tough task taking states together For whom the bell tolls? Tatas moving out of urea production... Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Air Asia India will set new benchmarks for budget travel Revive development banks... TGS- The king storyteller Discoms deserve better… Dr C Rangarajan returns to Chennai Things happen by accident and not by design... A friendly business group Tatas moving out of urea production... Gay abandon in pricing Come elections, come advertisements... Russi Mody – a tribute A Grand Finale for SN’s MS centenary at the US… The rise and fall of Annamalai University More Shakthi to Das’ elbow Cutting the nose to spite the face L&T: focus on infrastructure and more infrastructure… Telangana in top gear… Focus on quality of power - its only around 170-180V Maximising the micro pricing … The nuclear option A professional at the helm of IRDA... L&T- the specialty of special purpose vehicles Editor's Notes Delhi Chalo... Auto components surge… London, London Narayan Limit foreign borrowings to hi-tech, export potential projects... Welcome thrust on trade in Modi’s foreign visits... The Swadeshi Trump Sweeter prospects for sugar TN-leverage strength of BHEL, NLC... Fall in crude prices help in oil sector reform Cement prices continue to rise… CSR and CMI: promise of another Srinivasan Ramanujan... Airlines in India: cost and space Modi and the lady Why this malaise in medical education? Mu Sigma – is no more TN accounts for the largest recruits by the IT sector An informal presentation - analytical, forward locking... No Maha Koottani in TN... When TN politicians can emulate Kerala's Making ‘my Amaravati’... Welcome GST Sweet news for TN sugar mills Kudos to NDTV... Nuclear power at the nucleus Recognition to role of NBFCs.... Return to king coal for urea... Measuring roof tops in terms of KW/MW Paytm karo... GNS - 100: our first subscriber Not just in-laws (and outlaws); they’ve renowned academics at the helm! EVM is tamper-proof Breaththrough in malaria control TELANGANA at last…BUT …and of a popular trade leader Demise of a media baron... Plummeting profits of PSBs Bihar elections - the Rajaji formula worked A more liberated TN… A Grand Finale for SN’s MS centenary at the US… Increasing non co-operation of state leaders Should we change the official year? An inexplicable neglect Tribute
 
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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