World-Me-My viewpoint

Weekly round up of Indian Economy - Week ended 12th September 2015 Index of Industrial Production (IIP) for the month of July was released during this week. Industrial output recorded a growth of 4.2% during the month July. This growth was possible due to the growth in outputs of Manufacturing, Capital Goods and Consumer Durables segments. Trend in IIP during from January 2015 till July is as follows Please note that IIP for June was initially estimated at around 3.8% but was revised later to 4.4%. A look at the components of IIP indicates that except for Consumer non-durables every other segment showed a good growth over same month previous year. Manufacturing sector up 4.7% in July 2015 compared to 0.3% down in July 2014 Capital good sector up 10.6% in July compared to 3% down in July 2014 Consumer durables up 11.4% in July this year compared to 20.4% down same month last year Consumer non-durables down 4.6% in July 2015 compared to 5.2% up in July 2014. It is ex...

Indian currency notes may need a new look as the people are looking at the same kind of currency notes for quite sometime now. Indian Rupee notes are of two categories. India uses notes of the following denominations 1, 2, 5, 10, 20, 50, 100, 500 and 1000. One Rupee (basic unit) is being issued by Government of India and bears the signature of the Finance Secretary. Rest of the notes are issued by Reserve Bank of India and carry the facsimile of the signature of its Governor.Of these the usage of coins in place of currency notes is more prevalent in case of those with denominations of Rs 1, 2 and 5. There is recent news items stating that the Government of India is thinking of reissuing the One Rupee currency notes which were last printed around 10-15 years back. The reverse and obverse images of the last one rupee note is as follows Similarly the Rs 2 note which is rare to find now a days appears as below If you look at these two notes the obverse side o...