Need of Pan India Campaign on Conservation of Fossil Fuel & its effect on Climate Change

ndia spends maximum of its foreign earnings on importing crude oil for meeting its growing energy demand. On the other hand, Global warming is the looming concern today. CO2 is the largest contributor to the phenomenon of global warming and petroleum products are the largest source of CO2 emission into the environment. CO2 cannot be stopped being emitted from burning of petroleum products, but it certainly can be reduced to a great extent by way of efficient utilization of these products and that is where the role of PCRA critically comes into fore.

Following are major concerns why India drastically needs a national movement on petroleum conservation in order to promote fuel efficiency in each sector of the economy: World 8 years away from being a living hell – IPCC report - May 2007. 450 MMT out of 1100 MMT of CO2 emissions in India from fossil fuels (POL). India 5th largest emitter of CO2 in the world after USA (5800MT), China (4732 MT), Russia (1529 MT) & Japan (1215 MT). Growth of consumption of petroleum products in the Xth Plan was 2.6% annually, when the economy is growing at 8% per annum. Projected growth rate of petroleum products for India is 2.4% per annum till 2030. Efforts mostly on supply side management (SSM) i.e. NELP, acquisition of assets abroad, JVs with leading oil majors for setting up refineries etc. Cost of demand side management is a fraction as compared to SSM DSM reduces CO2 emissions Most developed and emerging nations heavily into DSM Good DSM will ensure that India emerges as an environmentally responsible super power. China targeting for 20% reduction between 2006 and 2010!! Energy Policy for Europe(EPE)2007 :20% reduction in energy consumption by 2020. Japan - 9.2 times more energy efficient per $1000 of GDP compared to India. Energy consumption levels today in Industrial sector in Japan is same as 1973 levels!!! India consumes petroleum products worth Rs 4 lakh Crores per annum !!! A 2 - 2.5 % conservation would result into a saving of Rs. 8000 - 10000 crores per year !!! With concerted conservation efforts, India can achieve 8% GDP growth rate which could be almost POL neutral !!!

Tips on Fuel conservation in transport sector

Tips on Fuel conservation in transport sector

Delhi alone burns petrol/diesel worth Rs. 994 Crores per annum at traffic red lights Switch off your engine beyond 15 seconds at traffic red lights to reduce your petrol bill Drive your car at 45 KMPH and save petrol up to 15% against driving at 65 KMPH If you drive your car at 80 KMPH, you burn 30% more petrol Correct tyre pressure can save up to 10% petrol Maximize use of 5th gear to get better mileage Drive in correct gear always for fuel efficiency – incorrect gear driving can lead you 20% increase in fuel consumption Keep your engine healthy by regular tuning – it saves you 6% fuel Clean your air filter regularly – dust causes rapid wear of engine components and increases fuel consumption Avoid frequent apply of Brakes. “stop-and-go” driving wastes fuel. Save fuel by anticipating stops and adjusting your speed accordingly Riding the clutch damages clutch linings and causes loss of energy. Keep your foot off the clutch and save fuel Don’t wait for your car engine to warm up. Drive in low gear till the engine warms up and save fuel Share your car for car pool. It considerably reduces your monthly fuel bill Even though a slightly longer route, you get more mileage per liter if you take a less congested route Judicious use of car Air Conditioner can result in considerable fuel saving. You burn 20% more fuel when AC is in use Unnecessary loads increase fuel consumption. A reduction in weight increases fuel efficiency. Check the car manual and oil manufacturer’s recommendations before using any particular grade of oil. Use recommended grade of engine oil.

AN INDIAN WHO SHOOK THE WORLD!

On August 5, Standard & Poor's, led by Jharkhand-born Deven Sharma, struck off the 'AAA' rating of the US, considered the Gold standard in the world of finance, for the first time since 1914.

Born in 1955, Sharma was educated in Jamshedpur and Ranchi, and then moved to the US for his masters degree at Wisconsin and his doctoral degree in management from Ohio in 1987. During his initial years, he was in the manufacturing sector, working with Dresser Industries and Anderson Strathclyde. In 1988, he joined Booz, Allen & Hamilton, a global management consulting firm, where he spent 14 years. In 2002, he joined The McGraw-Hill Cos, the parent of S&P.

Sharma took over as the president of S&P in August 2007, just when the sub-prime crisis in the US housing sector was getting out of hand, and credit rating agencies were picked as one of the perpetrators of the meltdown for their flawed ratings models of housing loans.

While the world criticized S&P for their historic decision, some even questioning the data the analysts used but back home there are some who think Sharma and his men have done a great job. The controversial head of a top brokerage house with strong presence in the US told TOI, that the ratings downgrade had to happen as it was due for years.

EDUCATION 
Born in 1955, Deven Sharma did his schooling from Jamshedpur and graduation from BIT, Ranchi; masters degree from University of Wisconsin and doctoral degree in management from Ohio State University in 1987.

CAREER 
1988-present: After working with Dresser Industries and Anderson Strathclyde, he joined Booz, Allen & Hamilton, in 1988; moved to The McGraw-Hill Cos in 2002, the parent of S&P ; was executive VP at S&P from 2006-07 and became president in 2007; is also Crisil chairman.

MERA BHARAT MAHAN

IPO Detail

IPO Over-subscription Vs Listing Gain at BSE

			Number of Times Issue Subscribed					Listing Day Gain / Loss at BSE
Issuer Company	Issue Price	Issue Size (Rs Cr)	QIB	NII	RII	EMP	Total	Open Price	Low Price	High Price	Close Price	*  % Change
Inventure Growth & Securities Ltd IPO	117	81.90	0.25	9.49	8.66		4.58	119	91.55	225	207.95	77.74
Bharatiya Global Infomedia Ltd IPO	82	55.10	0	1.94	5.06		2.06	84	27.15	84	30.95	-62.26
Readymade Steel India Ltd IPO	108	34.75	0.03	1.37	4.18		1.68	115	62.3	117.75	66.45	-38.47
Rushil Decor Ltd IPO	72	40.64	0.23	1.35	6.57		2.62	81.25	75	124.05	119.65	66.18
Birla Pacific Medspa Ltd IPO	10	65.18	1.04	0.17	1.82		1.18	10.1	10.1	30.7	25.35	153.50
VMS Industries Ltd IPO	40	25.75	0	1.11	3.41		1.36	43.95	24	49.25	28.5	-28.75
Timbor Home Limited IPO	63	23.25	0.65	3.22	14.22		5.78	72	72	94.5	91.2	44.76
Aanjaneya Lifecare Ltd IPO	234	117.00	0.14	2.65	1.84		1.11	229.45	224	324	311.25	33.01
Sanghvi Forging & Engineering Ltd IPO	85	36.90	0	1.82	2.93		1.3	85	85	116.5	111.75	31.47
Future Ventures India Ltd IPO	10	750.00	0.26	7.81	0.61		1.52	9.5	7.95	9.5	8.3	-17.00
Innoventive Industries Ltd IPO	117	219.58	0.85	1.94	1.48		1.24	110	86.3	114.85	93.6	-20.00
Paramount Printpackaging Ltd IPO	35	45.83	0.33	3.28	9.31		3.92	35	24.6	37.5	26.65	-23.86
Servalakshmi Paper Ltd IPO	29	60.00	0.34	4.21	1.9		1.47	30	17.3	48.75	19	-34.48
Muthoot Finance Ltd IPO	175	901.25	25.01	60.94	8.5		24.55	180	161.5	198	176.25	0.71
Shilpi Cable Technologies Ltd IPO	69	55.88	1.04	6.39	5.74		3.48	78.35	45.45	84.65	47.6	-31.01
PTC India Financial Services Ltd IPO	28	438.76	2.85	0.22	1.18		1.7	28	23.5	28	24.9	-11.07
Lovable Lingeries Ltd IPO	205	93.28	21.87	99.87	20.84		35.21	261.5	241.4	278.95	249.2	21.56
Acropetal Technologies Ltd IPO	90	170.00	1.12	2	1.21		1.28	130	89	150	98.45	9.39
Sudar Garments Ltd IPO	77	69.98	0.17	4.47	2.27		1.55	74	74	117.7	113.1	46.88
Fineotex Chemical Ltd IPO	70	29.48	0	0.22	4.38		1.57	80	74.1	157.9	140.9	101.29
Omkar Speciality Chemicals Ltd IPO	98	79.38	0.82	5.27	9.9		4.67	95	42.5	101	46.2	-52.86
Midvalley Entertainment Ltd IPO	70	60.00	0.35	4.68	9.01		4.03	73	55	76.5	58.05	-17.07
C Mahendra Exports Ltd IPO	110	165.00	1.02	3.92	4.82		2.78	111	110	120.9	110.85	0.77
Shekhawati Poly-Yarn Ltd IPO	30	36.00	0	0	0	0	0	32.5	30.7	69	47.5	58.33
Punjab & Sind Bank IPO	120	470.82	49.8	85.84	44.45	1.61	50.75	146.1	126.2	149.7	127.05	5.88