Barring energy futures, trading volumes in farm items, gold, silver and other metals remained lower in the said period, commodity markets regulator FMC said in a statement
The turnover of the commodity bourses declined marginally to Rs34.36 lakh crore till 15th June of the current fiscal as volumes fell in agricultural commodities as well as in bullion, according to the Forward Markets Commission (FMC).
The exchanges had reported a business of Rs34.42 lakh crore in the same period last year.
Barring energy futures, trading volumes in farm items, gold, silver and other metals remained lower in the said period, commodity markets regulator FMC said in a statement.
According to the FMC, the turnover from energy items like crude oil increase by 33% to Rs8,50,017 crore between April and June 15 of the current fiscal, as against Rs6,39,455 crore in the same period corresponding year.
However, the business from agricultural commodities declined more than 25% to Rs3,11,377 crore from Rs4,16,393 crore, while the turnover from metals fell by over 6% to Rs6,55,408 crore from Rs6,98,206 crore in the review period.
Similarly, the turnover from bullion fell by 4% to Rs 16,19,612 crore between April and June 15th of 2013-14 fiscal from Rs 16,88,770 crore in the year-ago period.
During the first fortnight of June, leading commodity bourse MCX had achieved a maximum business of Rs5,58,168 crore, followed by NCDEX at Rs41,103 crore, NMCE at Rs5,928 crore, ICEX at Rs5,777 crore, Universal Commodity Exchange at Rs5,419 crore and ACE at Rs3,184 crore.
Currently, there are 22 commodity bourses in the country, of which six of them operate at national level. Total turnover of these bourses had dipped to Rs170.46 lakh crore in the 2012-13 fiscal from Rs181.26 lakh crore in the previous year.
While telecom operators have to mandatorily submit data to TRAI, there are no obligations on mobile handset makers. This allows them to make dubious claims about sales
Last week, we received an email from a public relations agency telling us about a particular mobile handset maker selling more handsets on a (relatively unknown) website. The claims in the link provided in the mail were outrageous. It claimed that for every 12 Galaxy phones, 11 Lumia smartphones were being sold at Amazon India. We then asked for the actual sales numbers. As expected, the PR agency backed off. The reason? This particular mobile maker does not share sales figures.
Most of the handset makers want to keep sales figures under wraps. However, several research firms, like Gartner, publish mobile sales year after year. Another interesting aspect about sales reports is that sales figures for any particular manufacturer from two research firms, never match.
Take for example, two reports from Gartner and CyberMedia Research (CMR). According to Gartner, Samsung ended 2012 at the No1 position, in both worldwide smartphone sales and overall mobile phone sales. During the year, while Samsung's market share increased to 22% from 17.7%, Nokia's market share declined to 19.1% from 23.8% in 2011. This was the same across countries where Nokia gave way to Samsung and Apple in the leadership position.
However, according to CyberMedia Research, in Indian market, Nokia was leader with 21.8% market share followed by Samsung with 13.7% share. Micromax, with a market share of 6.6% was third largest in terms of market share, CMR’s report was published by the Mint newspaper. Here are the names of top five mobile phone vendors across the world, as per Wikipedia... (http://en.wikipedia.org/wiki/Mobile_phone)
Such wide differences happen because mobile handset makers are reluctant to share sales figures. In addition, they think disclosing sales figures would hamper actual sales. However, we do not see such things happening in auto sales, where automakers declare sales and production figures month after month.
Coming back to the 'news' shared by the PR agency, the report appears to be based on selective parameters. Below is the image of 'Amazon India Top 50 Bestsellers list' shared with the media. At no. 7 is Samsung Galaxy S5 in black mist colour. Well, this handset is not even available at any Samsung factory because is not yet launched by the company.
We at Moneylife receive many releases from companies as well as PR agencies. However, for most products, except cars, no price is mentioned, especially for Indian markets. At the same time, when we receive press releases about products from international companies, it usually carries price tag albeit in euros or US dollars.
The mobile handset makers, which are trying to build a transparent screen, should start the transparency drive by declaring (either MRP or selling) price of their handset as well as monthly or quarterly sales figures. This would help them in winning confidence of customers.
The policy aimed at protecting information and building capabilities to prevent cyber attacks and to safeguard both physical and business assets of the country
The government today released the National Cyber Security Policy 2013 aimed at protecting information and building capabilities to prevent cyber attacks and to safeguard both physical and business assets of the country.
“...policy is a framework document and it gives you a broad outline of what our vision is... the real task or the challenge is the operationalisation of this policy,” minister of communications and IT Kapil Sibal said while releasing the policy in New Delhi.
Sibal said the critical infrastructure such as air defence system, power infrastructure, nuclear plants, telecommunications system have to be protected otherwise it may create economic instability.
The cyber policy was necessary in the wake of possible attacks from state and non-state actors, corporates and terrorists as the Internet world has no geographical barriers and was anonymous in nature.
The minister said there will be multiple places from where cyber war could take place, it will involve individuals, sections of society, businesses, terrorists, drug dealers and those who want to generate violence.
He added it will not be able to point out to a particular country to say the source of the attack because it will difficult in the cyberspace to figure it out.
“In the ultimate analysis, we have to develop global standards because there is no way that we can have a policy within the context of India which is not connected with the rest of the world because information knows no territorial boundaries,” Sibal added.
He said everything today is cross border, we have to corroborate to find what is that meeting ground which allows the citizens to be empowered and at the same time ensures that nation is safe.
“We don't know who attack our systems, so we have to ourselves secure our systems,” Sibal added.
In order to create a secure cyber ecosystem, the policy plans to set up a national nodal agency to coordinate all matters related to cyber security in the country with clearly defined roles and responsibilities.
It plans to establish a mechanism for sharing information, identifying and responding to cyber security incidents and for cooperation in restoration efforts.