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