In the past, China has showcased such tendency and dumped its products at predatory carving bar rates in many markets including India.According to India Ratings and Research, the rise in trade tensions between the US and China could lead the latter to guide its exports towards emerging markets (EMs).The agency said that in particular, Indias share of imports from China in total imports of steel, polymer and capital goods could potentially increase as Chinese exports to the US start losing traction. This could potentially disrupt the demand-supply dynamics in the Indian domestic markets, especially for products such as electronic goods, iron and steel and organic chemicals.. For instance, pharmaceutical products, and gems and jewellery accounted around 30 per cent of the Indian exports to the US, while electronic goods and capital goods accounted 47 per cent of the Chinese exports to the US in 2018.3 per cent so far in 2019 as the currency had gained on the back of large foreign portfolio inflows earlier in the year. The agency expects demand-supply dynamics in these sectors to get skewed unfavourably over the medium term.
The rupee has lost just about 0. Given the substantial share of Chinese imports in comparison with the size of the US GDP, lower imports or a rise in the cost of imported goods could stimulate inflationary pressures in the US.34 per cent of the US GDP. Nonetheless, the impact is difficult to quantify at this point in time and will be contingent on the Chinese production/capacity utilisation levels, global demand-supply scenario and a host of other evolving factors.With Chinese industrial production continuing to grow at around 5 per cent and Chinese exports to US contracting persistently, over the last few years, Chinese exporters have started penetrating into alternate markets.Rupee could weaken—A fall in Chinese exports to the US could potentially put downward pressures on the Chinese yuan. A likely devaluation of the yuan could stimulate a competitive depreciation in the Indian rupee, failing which the competitiveness of Indian exports could be affected said the rating agency.70 per cent in 2018 vis-à-vis 12. This has been catalysed by the Chinese manufacturers ability to undercut domestic manufacturers in these markets, resulting in lower market share for the domestic players in the EMs.75 per cent in 2010. This could provide fillip to the US credit market yields, which in turn could push up discount rates and reduce the arbitrage opportunity for US investors, resulting in weaker foreign portfolio investment (FPI) flows to emerging markets including India said the agency.Mumbai: India is unlikely to benefit much from the ongoing trade frictions between the United States and China due to the stark difference in the nature of commodities exported by India and China to the US. Hence, imports by otherAsian emerging markets from China grew 20. The impact could percolate through lower international prices, thereby putting pressure on domestic prices due to diversion of supply from China to other importing countries.
This coupled with cost-saving measures could lead to a modest improvement in margins in FY20, it added.Mumbai: Domestic cement demand is expected to register a modest growth of 6-8 per cent in fiscal 2020 mainly driven by the diminishing base effect, increased thrust on infrastructure by the Central government and the affordable housing segment, the report said..Maintaining a stable outlook for the sector, India Ratings report said that cement manufacturers are poised to benefit from the continuing demand push, led by the healthy growth expected across end-markets such as individual home building, affordable housing, roads and irrigation sectors."
The net leverage positions are expected to improve, given their strong positions in the regions in which they operate and a stable-to-higher EBITDA per tonne due to steady cement prices and tapering input costs," the agency said.Ind-Ra believes the capacity utilisations of the cement industry may improve gradually over the next two years on account of limited capacity additions amidst the turnaround of acquired assets."Utilisations are likely to rise but not to the extent that producers would see any increase in pricing power. However, cost pressures will reduce because of stabilisations in input costs and currency movements," the agency said.The agency further stated that credit metrics of cement manufacturers are likely to deteriorate in the current fiscal on account of mergers and acquisitions, higher capex and increased input cost.According to the agency, the sector will witness capacity addition of around 20 million tonnes per annum (MTPA) over FY19-FY21 (with higher addition in FY20), and the capacity utilisation Wholesale 3/8" saw chain will increase by 120 bps and 200 bps in FY20 and FY21 respectively. Between 2008 and 2018, cement demand increased at 6. Any further demand-supply imbalance at the regional level may impact the profitability of the players.As a result, capacity utilisation rates dropped to 64 percent in FY18 from 83 percent in FY08, leading to increased competition and pressure on selling prices.
Some shopkeepers informed police officers in the national capital they do not have any fresh stock of firecrackers and the stocks are two years old and in such a short period of time they would not be able to get fresh stocks."As a society, we have been using firecrackers to celebrate occasions, from festivals to landmark days and weddings to grand events, but there is a much bigger cost involved, the damage the bursting causes to the environment and of course the health hazards. So, we must behave more responsibly," he told PTI.Environment and health experts welcomed the order, saying it was time the society celebrated festivals "more responsibly".Read: No complete ban on sale of firecrackers, says Supreme CourtIndustry bodies, which peg the firecracker market at around Rs 20,000 crore per annum, said the court order, including restricting time to burn crackers to just two hours on Diwali and other festivals, would have a significant impact on sales and they will file a review petition.
And, since Diwali is approaching, the authorities would have to work quickly to ensure compliance," environmentalist Saha said.K Mariappan, general secretary of the association, said the direction on use of only green crackers wont work as "there is no such thing". He also said protection of livelihoods of those in Sivakasi is an imperative task too.On the business side, the Confederation of All-India Traders Secretary-General Praveen Khandelwal said the annual fire cracker sales amount to Rs 15,000-20,000 crore, of which Chinese imports are at least Rs 5,000 crore.Gufran Beig of the System of the Air Quality and Weather Forecasting and Research (SAFAR) said use of green firecrackers and restriction on timing of the use are good steps. But it will take more time", he said.When asked what a green cracker meant, he said, "Any such item which produces minimal toxicity and CE sawchain minimal fumes can be termed as a green firecracker.He said the cracker industry in and around Sivakasi in Tamil Nadu employs eight lakh people and the current year production has already been completed.Other environmental experts also hailed the court decision, saying anything that cuts emission level should be welcomed."We need to explain to the court that we cannot produce such (green) crackers.Welcoming the court order, the West Bengal Pollution Control Board said it has already put in force a mechanism to stop the supply and sale of firecrackers beyond permissible decibel sound limits (90 decibel) in the past couple of years."Social media, however, had a different take on the green crackers, with a large number of jokes and memes doing the rounds, including some associating the green colour with certain political parties.
The court has said that the permissible limit of sound and smoke will be approved by the PESO."The apex court order will definitely impact sales, but is difficult to quantify losses as the industry operates mostly unorganised," he said. We cannot suddenly remove them," he said.Police officers said they do not have any equipment to measure the decibel levels of the firecrackers or the smoke they emit to ensure only green firecrackers are being used and they would have to rely mostly on human intelligence and their sources on ground to ensure compliance.Asked how the decibel norms could be checked, Saha said the Petroleum and Explosives Safety Organisation (PESO) works on public safety regulations for explosive substances. We may reduce the chemicals used in manufacturing.In West Bengal, crackers are burst for two consecutive days - for Diwali and on Kali Puja the next day. Most of them simply posted pictures of crackers wrapped in green-coloured paper or threads, while some also put out pictures of famous personalities including actors wearing green."It will be a difficult task to monitor whether shopkeepers are following guidelines since crackers are sold in bulk during Diwali."The PESO already has a centre in Sivakasi, home to some of Indias largest fireworks manufacturer. Tamil Nadu has a tradition to burst crackers early morning on Diwali, while it is done mostly on Dussehra in Karnataka.Bengaluru-based environmentalist Suresh Heblikar said firecrackers mostly impact the cities already reeling under high pollution levels.Crackers imported from China are more toxic and the apex court ruling aimed at improving the quality of air during the festival season is a good move, he said."
Firecrackers are a traditional entertainment for the whole country.As per the court order, SHOs will be held liable if banned firecrackers are sold in their area.New Delhi: With the Supreme Court permitting only green firecrackers for a less-polluting Diwali, the manufacturers on Tuesday said "no such thing" exists and environmentalists wanted authorities to work real quick to ensure compliance, while social media erupted with jokes with many simply colouring the crackers green. Beat officers will have to be sensitised to ensure norms are not flouted," a police officer in Delhi said.The Tamil Nadu Fireworks and Amorces Manufacturers Association, which represents Rs 6,000 crore industry in the state, said they are already producing crackers after approval from the PESO...D Saha, an environmental scientist who previously worked with the Central Pollution Control Board, said the authorities would now have to ensure that the norms are adhered to more strictly, especially at the manufacturing level.
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