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

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236