There have been steep hikes in the prices of commodities and it has hit the industry pretty hard. Recently, the associations of industries that use rubber as their raw material, publicly appealed to the government. Their concern was that the increased duties and the provision of futures trading of rubber was hurting the small and medium industries. While the larger industries could absorb the shock of the steep price rises, it was the small and medium industries that were suffering the most.

The worst hit industries are those who manufacture tyres for cycle rickshaws and automobiles. While the government’s move comes in order to safeguard the interests of the handful of rubber planters in Kerela, its larger effects are being felt by the industries that are not able to make ends meet.

In safeguarding interests of a few, the government has clearly neglected the millions of workers who work in the industry units that use rubber as raw material. Due to the added duties on rubber imports, many small industries will have to fold in and many workers will be rendered unemployed.

Statistics show that there has been more than a 200% price rise in the prices of rubber in the last six years. This poses a problem to small industries which are not even able to raise the manufacturing volumes to break even. These high prices of commodities are going to hurt the small and medium scale industry the worst, feel the associations.Perhaps it is time that the government took notice.

It is no news that India has been doing much better than most of the ‘developed’ countries, as far as finance is concerned. This is reflected in the credit ratings of many of the top Indian companies. In the past six months itself, the credit ratings of many of the Indian companies have risen very high, according to Crisil. It is believed that in the second half of the financial year, more than 100 companies will improve their credit ratings.

The number of defaulting companies has also decreased significantly over the last 6 months. It is believed that more companies will come out of the red in the coming months. Still, if statistics be believed, Crisil has reported that 13.1% of the companies rated by it still continue to carry a negative outlook as far as long term ratings are concerned. This will only increase over the next few months.

Even as economists of the world look towards India optimistically, statistics say that all is not well. The credit outlook for most Indian banks remains negative after the changes made in January earlier this year. Though the fundamental credit outlook was stable, the economic conditions still remain challenging and the number of problem loans or ‘bad’ loans still continues to be on the rise. Of course, the result of all this is an adverse effect on the quality of assets.

It has been estimated that even in the next twelve to eighteen months, things are not going to change for the better. There are no optimistic projections for the next year or two. The public sector banks, which make up the majority of the banking systems and assets, continue to hold a strong front. The concern for the deteriorating asset quality still looms large.

Avadh university which was rechristened as Dr. Ram Manohar Lohia Avadh University in memoriam of late Dr. Ram Manohar Lohia an epic socio-economic ideologue and freedom fighter par excellence. The government of Uttar Pradesh exercising the powers enshrined in the U.P. University Act, 1973 section 4 (1-A) (b), by it’s notification No. 4546/ 15-10-75 dated 25 July, 1975 established University as sheer an affiliating university. The university assumed the shape of residential University in the year 1985. In the ab initio the residential segment became functional with the opening of the four departments in the campus viz. history, Culture and Archaeology, Rural Economics, Mathematics and Statistics and Solid State Physics.

More info at – www.rmlau.ac.in
http://www.avadhuniversity.org/university.asp
http://en.wikipedia.org/wiki/Dr._Ram_Manohar_Lohia_Avadh_University