World
Germany ends 2015 with weak economy performance
Berlin : German industrial output and exports declined in December 2015, official data showed on Tuesday, indicating a shaky growth of Europe's biggest economy.
 
Adjusted for seasonal swings and inflation effects, production in German industrial sector fell by 1.2 percent from the previous month in December 2015, Xinhua quoted German federal statistics office Destatis as saying.
 
It followed a monthly decrease of 0.1 percent in November. In the final quarter of 2015, the factory output dropped by 0.8 percent.
 
"The industrial production went through a dry spell at the end of 2015," said German economy ministry in a statement.
 
Another release from the statistics office also said both German exports and imports declined by 1.6 percent in December, narrowing adjusted-net exports to 19.4 billion euros (about $21.8 billion).
 
Foreign trade was Germany's traditional driving engine but remained subdued in recent years due to weak global growth.
 
Economists at Berlin-based German Institute for Economic Research expected that net exports would no longer contribute the growth over the next two years.
 
"This morning's data were a painful reminder that not all is hunky dory in the Eurozone's largest economy," said ING-DiBa Bank's chief economist Carsten Brzeski.
 
"In fact, the German 'Wirtschaftswunder' has only some domestic magic left," he said, referring to dynamic private consumption boosted by strong labour market, low inflation, low interest rates and increasing wages.
 
German consumers' confidence stood at a high level despite risks of terror attacks and refugee crisis. In 2015, retail sector in the country logged the strongest sales increase in over 10 years.
 
Destatis was scheduled to release data of growth in the fourth quarter of 2015 on Friday. Based on provisionary calculations, it reported that the economic growth over the whole year stood at 1.7 percent.
 
Economists expected that gross domestic product of Germany would increase by 0.3 percent during the last three months of 2015, followed by a growth of 0.4 percent in the first quarter of 2016.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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TRAI mulls cable TV network for better data connectivity
New Delhi : Aiming to provide better data connectivity to people, India's telecom watchdog said on Tuesday it is planning to use cable television network in a bigger way to provide connectivity to people.
 
"Can we use cable TV network to provide connectivity to people? In India there are 100 million homes with cable televisions. If all these 100 million connections can be converted into cable TV pipes, they can deliver 10 megabit per second," said Telecom Regulatory Authority of India (TRAI) chairman R.S. Sharma at the 10th India Digital Summit organised by the Internet and Mobile Association of India.
 
"We have made recommendations to the government on that. We are working with the department of telecommunications," he said, adding: "Providing connectivity access to our people is extremely important."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

 

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COMMENTS

Subramani P K

10 months ago

Internet, Cable TV, Telephone can be given as a package to customers like America, Canada & other countries. This net work can be effectively operated by players like Airtel, Vodafone, Tatasky, Reliance etc who are already in the field. As for as practicable wired communication system should be avoided as there is every risk of wire being damaged in our country due to non- coordination between departments who dig trenches in roads like water board, electricity dept. telephones etc. Wireless net work of high speed internet like 3G/4G should be provided at reasonable rate.

Simple Indian

10 months ago

Though it is a good idea, it has not made much progress over the years. We have had IPTV offered by few TSPs/Cable TV Networks in major metros, but few takers for these. In fact, some Cable TV Operators do offer wired broadband Internet through a separate line in residences in Mumbai, but their services are unreliable/unstable, and rarely give promised bandwidth. The same goes for State-owned MTNL in Mumbai which is very unstable and prone to frequent disconnections thanks to cable-cuts due to road repairs. I reckon the wireless broadband Internet connections through 4G would be more promising than wireline or Cable TV Operators' connections. The 4G mobile internet has some distinct advantages over wired / cable TV Internet connections - like more reliable & stable connections (and hopefully less prone to breakdown due to road-repairs). Also, the wireless Internet connections can be provided even in rural areas or remote hilly areas without investing huge amounts on laying OFCs for wired connections. Many such places already rely on DTH instead of cable TV operators for their regular TV viewing needs. Now that TRAI has rightly disallowed differential pricing (based on restricted access to Internet), the Govt could consider providing citizens subsidized 4G/3G mobile Internet to push its Digital India initiative. The way Aadhar No is used for govt welfare schemes, it could also provide subsidized Internet, which can have a huge impact on people's lives in both urban and rural India.

Two women fight burglars with chilli powder in Bihar, 4 held
Patna : Two gutsy women with handful of chilli powder can be deadly! A group of criminals in Bihar's Darbhanga district learnt this the hard way when they tried to break into a house at Ashfir colony, police said on Tuesday.
 
Archana Jha and her daughter threw dry red chilli powder at the criminals while they were trying to break the main door of their house at Ashfir Colony near Darbhanga city on Monday.
 
"By using chilli powder, they managed to keep the criminals at bay for over half an hour and in the process got enough time to inform the local police," a district police official said.
 
Police in Lahariya Sarai later arrested four criminals, against whom a case were lodged on Jha's complaint.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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COMMENTS

Subramani P K

10 months ago

Well done. Their presence of mind is appreciable. Now I think spray gun is available which every girl & woman should carry & keep at home also so that it will be handy to use against all criminals. In Bihar the requirement of this type of gadgets especially for women will be required as criminals are at the helm of affairs governing the state.

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