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TN accounts for the largest recruits by the IT sector Engineering seats go abegging L&T- the specialty of special purpose vehicles R Sridhar steps down as CEO of Shriram Capital The Gulf aviation boom S V Raju – a ‘good’ true liberal CIPET hqrs to stay at Guindy – for the present? Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated A yen for wastage… Fuel for thought Reliance’s TV – 18 ready to launch Tamil News Channel Kulandai was a giant Online not in line with brick and mortar businesses... Secularism and anti-Hinduism Strengthen the base... Maximising the micro pricing … Shale gas and its shallow future Shipping woes of Chennai companies Not just in-laws (and outlaws); they’ve renowned academics at the helm! The rise and fall of Annamalai University Whistle-Stop Tour of Raghuram Rajan Adharma of opposition politics When nations steal growth from one another… Breaththrough in malaria control Haul over the coal Shaming of Tamils by Tamil farmers at Delhi Land reclamation from sea appears cheaper! Dr C Rangarajan returns to Chennai Funding the un-funded PPP mode for upgrading Corporation Hospitals TN – agglomerate land holdings without alienating ownership The balancing act GNS - 100: our first subscriber Tough task taking states together Naidu’s return augurs well for Seemandhra An enemy’s enemy is a friend Measuring roof tops in terms of KW/MW Auto components surge… Air Asia India will set new benchmarks for budget travel Bihar elections - the Rajaji formula worked A rich pool of talent not utilised…. Tribute – M V Murugappan Odisha: spectacular win by Naveen Patnaik The nuclear option Small units prefers to remain small... Tihar, Puzhal not different from Parappana Agrahara Cement prices continue to rise… The brown list of Venkitaramanan Of course, Gujarat is vibrant F C Kohli - his concerns all embracing Increasing non co-operation of state leaders Road development slows down Towards speedy justice Permanent secretariat for TN GIM CSR and CMI: promise of another Srinivasan Ramanujan... 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 Solar, solar everywhere … Recognition to role of NBFCs.... Mersal magnified For whom the MIDS bell tolls? IPL type auction for VCs? Banning booze... Inflation: are we emulating Argentina and Brazil? Align crops to agro climate endowments… …and of a popular trade leader Insurance companies bleeding, yet no decision on increasing FDI limit! Lesson from Chandrababu Naidu Marketing expert Balagopal is no more When small is no larger beautiful.. Eternal support for capitalisation of PS banks When TN politicians can emulate Kerala's Kudos to NDTV... A welcome initiative by the judiciary ONGC at KG Basin Tatas moving out of urea production... When online building permits work…. Delhi is distant Rahman at CIC MHC should not return to its old indisciplined ways More Shakthi to Das’ elbow Remembering Indira Sivasailam... Fall in crude prices help in oil sector reform Liberal imports idling indigenous capacities Make standards certification mandatory... L&T: focus on infrastructure and more infrastructure… Build close rapport with business leaders Music happens Focus on quality of power - its only around 170-180V IAS invades NDDB... There was flood of milk. Reason: no milk commissioner! 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Preserving for the future Tribute – UCAL Selvan… For whom the bell tolls? The ‘Ayyo-yes’ is no more Should we change the official year? Modi storms Silicon Valley Convulsions in The Hindu Put expensive assets created to use... Alexa – Talking Wikipedia The why of tax incentives Why this malaise in medical education? Sweet news for TN sugar mills IPL - no surprise this scam He saved millions from starvation... Intellectual of rare qualities Five star activism stalls development activity Another Indian music maestro at the UN West Bengal: mindless malignancy Contrarian cousins More tributes to GR Sri Lanka votes for change All eyes on Sankara Nethralaya How Air-India loses customs... No mega rail project for Tamil Nadu Noble nonagenarians... London, London Narayan Tatas moving out of urea production... An inexplicable neglect Poor representation for Kerala and TN in Cabinet Which side are you, Montek? The star of Spencers is no more Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Tribute Where is Rajaji? Excel Generators provide the vital back-up Building loyalty through the stomach Infrastructure funding – lessons learnt Demise of a media baron... Bihar – Nitish Kumar adopts the Lalu model Delhi Chalo... More Shakti to resource mobilisation... Poor quality of university VCs Muffled voices for merit… Things happen by accident and not by design... The sea- saw battle continues... Scientists urged to take up farmer-oriented research Protest masters... EVM is tamper-proof Revving up the manufacturing sector Rs.1600 crore paper board plant of TNPL A friendly business group When Ratan Tata visited SRM Where a state respects its litterateurs… Russi Mody – a tribute Readers' Mail A glass full of corruption Lalu’s envy, India’s pride Welcome thrust on trade in Modi’s foreign visits... Discoms deserve better… Making ‘my Amaravati’... TN-leverage strength of BHEL, NLC... No Maha Koottani in TN... An informal presentation - analytical, forward locking... S Ramanathan – a versatile musician, musicologist Naidu will soon build a new Hyderabad Mu Sigma – is no more Quality silica from Neyveli Welcome changes that testify to Jayalalithaa’s return to health A C Muthiah – his munificent bequeaths to science Delhi is distant… Solar thermal shines… Parliament in paralysis... Editor's Notes Colour-Chem’s colourful KRVS Fortune 500 review Modi and the lady Streamlining mandatory third party cover The Jan Dhan bonanza No engine for this car Revive development banks... More heat than light Gas is the way forward Paytm karo... SoA @ 80 A Grand Finale for SN’s MS centenary at the US… Moily’s bold thrust Quality education through the PPP mode Welcome GST A proud Madrasi A Grand Finale for SN’s MS centenary at the US…
 
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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