The worst were motor vehicles, trailers and semi-trailers, where production declined by over 23 per cent, and machinery and equipment, where production fell by close to 22 per cent. Electricity production, too, shrank while mining production barely managed to be what it was in August If one looks at the use-based classification in the same table, one can see the sustained shrinkage in two key groups — capital goods and consumer durables.
This contraction is at the heart of what is wrong with the Indian economy at present. The decline in consumer durables such a refrigerator or a car shows that existing inventories are not yet being cleared because consumers continue to avoid buying these products.
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Then, head on over to our Events page and register for our jam packed event schedule! Amongst other things, it required most employers to pay levies to, and work with Industry Training Boards for necessary skills training. This shifted the emphasis in employer training from the piecemeal system of industry training boards and levies towards more centralised development of policy and strategy. At the time, the MSC through its network of Area Offices was offering employers grants towards the costs of training and associated consultancy.
This started the movement towards competence-based qualifications to standards of competence developed by lead bodies for specific industries. Evaluation of the Adult Training Campaign suggested that a more action-oriented approach was needed to change employer attitudes and behaviour. These events featured videos, inputs from sporting personality speakers such as Freddie Trueman, Chay Blythe, J P R Williams, Rachel Heyhoe-Flint and testimony from successful local business speakers on their training achievements.
In , the National Training Awards were introduced to promote and encourage examples of exceptionally effective training by employers, training providers and producers of training media and, latterly, individual achievement.
Extensive national press advertising was used to encourage entries. This is the first real example of a national initiative which sought out examples of training execution and products which started by addressing the business objectives, went through the training design and delivery processes and finished with evaluating the results in terms of trainee satisfaction and payback to the organisation leading to further improvements — a true investment cycle.
Image credits: infoline. What is the index of industrial production IIP? The base year was revised from to in May What is core sector? Who publishes the data for IIP? Is there any other indicator which measures the change in industrial output?
The IIP number measures the industrial production for the period under review, usually a month, as against the reference period. IIP is a key economic indicator of the manufacturing sector of the economy.
There is a lag of six weeks in the publication of the IIP index data after the reference month ends. IIP index is currently calculated using as the base year. Electricity, crude oil, coal, cement, steel, refinery products, natural gas, and fertilisers are the eight core industries that comprise about 40 percent of the weight of items included in the Index of Industrial Production.
Mining, manufacturing, and electricity are the three broad sectors in which IIP constituents fall. Who uses IIP data? The factory production data IIP is used by various government agencies such as the Ministry of Finance, the Reserve Bank of India RBI , private firms and analysts, among others for analytical purposes.
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