TMILLAN Newsletter XI - TM International Logistics Limited

/ TMILLAN / 11th EDITION / OCT 2013
Wishing the readers
of TMILLAN a
Happy Festive Season!
Dibyendu Bose
PAGE 1
TMILLAN / OCTOBER 2013
EVENTS
contents
Page 2 >Events
Vishwakarma Puja celebrations at
haldia and paradip
ƒƒ Vishwakarma puja
ƒƒ CII Logistics Colloquium
Page 3 > Employee Corner
ƒƒ Rupee at all time low
By Mr Sumit Agrawal, F & A, HO
ƒƒ 10 Easy ways to reduce workplace injuries
By Mr Robin Pramanik, Chief Safety
Page 6 > Achievements and Congratulations
Page 7 > New Joinees
Vishwakarma Puja celebrations at Haldia
Vishwakarma Puja was celebrated by the TMILL team at
Haldia on the 17th of September with full enthusiasm.
Members of the contractual work force also participated
in the same. Some of the important guests included
port officials and Deputy Commissioner of Customs and
Assistant Commissioner of Customs, Haldia. The puja
started with inauguration ceremony at Berth No. 12
where port officials were part of the ceremony.
Vishwakarma Puja celebrations at Paradip
TMILLAN / OCTOBER 2013
PAGE 2
EVENTS
CII Logistics Colloquium
TMILL stall in CII Logistics Colloquium at Taj
Bengal, Kolkata.
TMILL participated in the CII Logistics Colloquium which is
the flagship initiative of the CII Logistics subcommittee. This
event has evolved into a premier platform in the country
for supply chain professionals to interact. Participants
gain from the in depth analysis of critical issues in the
logistics domain, where new and implementable ideas get
co-created. This was the 7th edition of the Colloquium
and was held on the 24th July 2013 at Taj Bengal, Kolkata.
MD TMILL was the session Chairman and conducted the
inaugural session alongwith Mr S K Mohapatra, CEO
DPCL, Mr. Sandeep Fuller, CEO Texmaco Rail & Engineering
Ltd, Mr R.P.S. Kahlon, Chairman KoPT and Dr. Manoj
Singh, Advisor-Transport, Planning Commission of India.
Sinha, Associate Director - Supply Chain, Johnson &
Johnson, Mr. Selvan Dasaraj, Vice President - Mahindra
People Transport Solutions, Mahindra Logistics and Mr.
Deven Pabaru, Head-Supply Chain, Future Supply Chains.
employee corner
Rupee at all time low
By Mr Sumit Agrawal, F&A, HO
The recent steep fall of the Indian rupee against the dollar
has created panic among all the sections of the society. The
free fall in Indian rupee indicates serious inherent weakness
of the Indian economy and on account of factors like foreign
investment outflows from Indian markets-debt as well as
equity and structural factors like India’s high current account
deficit (CAD) makes rupee very vulnerable to external shocks.
Typically, the currency of a country with high current account
deficit tends to depreciate in such situations, which has been
the case with the Rupee too.
Some of the major indicators for the fall of rupee are as
follows:
Worsening current account deficit
The inaugural session was followed with a round table
interaction on the Industry Best Practices, chaired by MD
TMILL, the session aimed at learning from the Leaders. It
included insights from owners of complex supply Chains
drawn from major FMCG companies, leading logistics
players and end to end supply chain operators. The
session was attended by Mr. Milind Shahane, Managing
Director, Drive India Enterprise Solutions Ltd, Mr. Sumit
PAGE 3
High Current Account Deficit (CAD) is the main reason that
has continuously impeded all efforts of the government to
arrest the fall of rupee. India posted a record current account
deficit of 4.8 percent of Gross Domestic Product (GDP) for
the year ending March 2013. Government’s efforts to explore
new destinations have led to poor growth of exports. In the
absence of a single window clearance system and process
delays, exports have failed to register good growth.
Insufficient FDI inflows
India has witnessed withdrawal of major projects by global
giants like ArcelorMittal and Posco. Inordinate delays, land
TMILLAN / OCTOBER 2013
EMPLOYEE CORNER
acquisition problems, government clearance delays, lack of
promptness have all contributed to the withdrawal of projects
by major companies. Recent relaxation in FDI in major sectors
too has not been able to arrest the continuous fall of rupee.
FII outflows
Overseas investors have pulled out nearly Rs 70,000 crore in
current financial year. Continuous pulling out of money by
FIIs have put a persistent pressure on rupee not allowing it
to come out of the slump. Meanwhile, leading global bank
Goldman Sachs has downgraded Indian stocks to underweight
and recommended investors to stay selective on concerns of
economic growth recovery.
Rising Import bill
Rising import bill (arising mainly out of gold imports) is also a
major factor that has curtailed government’s effort to tackle
the fall of rupee. Gold contributes to over 10 percent of the
total import bill. Gold imports were 141 tonnes in April and
rose to 162 tonnes in May. Due to government measures,
gold imports declined significantly in June but could not
be maintained at the same levels and surged upward in the
month of July.
Demand from Oil Imports
India has to import crude oil to meet its domestic requirement.
Traders say there has been continuous demand for the
greenback from oil importers, the biggest buyers of dollars in
the domestic currency market, pushing the rupee lower. Oil
and gold imports account for 35 per cent and 11 per cent of
India’s trade bill respectively.
Interest Rate Differential
There was a huge interest rate differential between India and
US. Presently RBI is reducing all kind of rates to increase money
supply in market, so deposit rates will also move downwards.
It will reduce the rate differential between two countries and
affect the fixed investment in India in a negative manner.
Overall economic contraction
Poor economic growth in the manufacturing, agricultural and
mining sector has dented investor sentiment and they have
become wary of investing in India. Reflecting a persistent
slowdown, industrial production in May contracted by 1.6
percent, lowest in the past 11 months. Moreover, RBI cut its
growth forecast to 5.5 percent for the fiscal year, from 5.7
percent. GDP growth rate is at its lowest than it has been in
more than a decade.
TMILLAN / OCTOBER 2013
Strengthening of dollar overseas
In the last six months US dollar index strengthened by 3.52
percent. The strengthening of dollar is beyond the Indian
government’s control but has a long reaching repercussion on
the Indian currency. Gradual recovery in US economy coupled
with rising expectations that Federal Reserve will withdraw its
stimulus package soon is underpinning the US dollar index.
Excessive Speculation in Foreign Currency and Gold
The fall of rupee and specially a very severe volatility can also
Overseas investors have pulled out
nearly Rs 70,000 crore in current
financial year. Continuous pulling
out of money by FIIs have put a
persistent pressure on rupee not
allowing it to come out of the slump.
Meanwhile, leading global bank
Goldman Sachs has downgraded
Indian stocks to underweight and
recommended investors to stay
selective on concerns of economic
growth recovery
be attributed to increased speculative transactions in the
foreign currencies stock exchanges and very heavy speculative
activities in gold on the commodity exchange market.
Unattractive Taxation Policy
Real Foreign Direct Investment is shying away due to excessive
pressure by the Tax wing of the government including transfer
pricing, internationals withholding tax and a tendency to deny
legitimate benefits to the assessee.
The recent volatility in rate can be well understood in the
word of Lionel Trilling, American literary critic, who put it as
“We invented money and we use it, yet we cannot understand
its laws or control its actions. It has a life of its own.”.
Dollar is one of the most powerful currency in the world and
because of great fluctuation in the Dollar-Rupee rate, the
PAGE 4
EMPLOYEE CORNER
GBP
10 Easy Ways to Reduce Workplace
Injuries
105.00
100.00
95.00
90.00
85.00
80.00
Increasingly, computer-related health injuries are a leading
cause of workplace occupational hazards. Computer usage is
common by a substantial part of the working environment all
over the world.
EURO
EURO
GBP
75.00
75.00
70.00
70.00
65.00
65.00
60.00
60.00
55.00
55.00
YEN
75.00
70.00
65.00
60.00
Mar'12
June'12
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Mar'13
Apr'13
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June'13
July'13
20th Aug'13
Apr'13
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55.00
Source: RBI
Rupee conversion rate with respect to other currency have
also fluctuated to a large extend. Rupee has devalued more
than 20 percent w.r.t. dollar this year.
Recently RBI has taken many pragmatic measures to curb the
volatility of rupee like size of Liquidity Adjustment Facility
(LAF) has been capped at 1% of NDTL, Marginal Standing
facility rate increased by 200 bps to 10.25% and issue of Govt.
bonds through Open Market Operations to draw out liquidity.
All these measures have restricted the banks ability to borrow
and thereby dry up rupee liquidity further and increase the
latent demand of rupee.
PAGE 5
Mar'12
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20thAug'13
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20th
105.00
105.00
100.00
100.00
95.00
95.00
90.00
90.00
85.00
85.00
80.00
80.00
GBP
GBPways to reduce computer-related health trauma,
There are
by observing safety measures to counter injuries caused
by the office environment. Occupational safety measures
recommend healthy use of computers so as to lessen the
negative impact on human health.
Safety professionals are now advocating precautions in
the use of computers that have become virtual standalone
offices. Health problems caused by exposure to computers
occur through
cumulative trauma disorders connected with
YEN
YEN
prolonged
interaction on machines.
Common fatigue may be more than just physical stress. Stay
on guard if symptoms persist after a night of rest or interfere
significantly with work-related activities. If the problem is
indeed work-related then you need to look for ways to adjust
to your work environment and work towards alleviating
workplace health problems.
Mar'12
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20thAug'13
Aug'13
20th
Mar'12
June'12
Sept'12
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Mar'13
Apr'13
May'13
June'13
July'13
20th Aug'13
90.00
90.00
85.00
105.00
85.00
100.00
80.00
80.00
95.00
75.00
90.00
75.00
85.00
70.00
70.00
80.00
65.00
65.00
Mar'12Mar'12
Mar'12
June'12June'12
June'12
Sept'12Sept'12
Sept'12
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July'13
20th Aug'13
20thAug'13
Aug'13
20th
Apr'13
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20th Aug'13
55.00
USD
USD
YEN
Mar'12
Mar'12
Mar'12
June'12
June'12
June'12
Sept'12
Sept'12
Sept'12
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20th Aug'13
65.00
65.00
75.00
60.00
60.00
70.00
55.00
55.00
65.00
50.00
50.00
60.00
Apr'13
May'13
June'13
July'13
20th Aug'13
By Mr Robin Pramanik, Chief Safety
Safety professionals are now
advocating precautions in the use
of computers that have become
virtual standalone offices.
Common fatigue may be more than
just physical stress. Stay on guard
if symptoms persist after a night
of rest or interfere significantly
with work-related activities. If the
problem is indeed work-related
then you need to look for ways to
adjust to your work environment..
TMILLAN / OCTOBER 2013
EMPLOYEE CORNER
Here are 10 easy steps to ensure a healthy work environment:
1. Counter the effect of carpal tunnel syndrome of the wrist
and hand by relieving yourself of the mouse and keyboard
from time to time. Take breaks to let your fingers relax
and enjoy hand rubs in between.
2. You need to adjust the location of work and the angle of
the machine in such a way that your body continuously
maintains an unstrained and comfortable position. Your
arms, forearms and shoulders should be fully relaxed.
3. More often it is the continuous exposure to the computer
monitor that may be the cause of eyestrain. In this case
you should always have a quality glare filter fixed on your
monitor screen.
CONGRATULATIONS
achievements
Mr S Dubey & Mr Faiyaz of CHA and IL division have
been awarded the “Aspire 2013 Champion Recognition
Award” for the introduction of new packaging method
for Graphite petroleum coke.
The suggestion was “New Packaging for Graphite
Petroleum Coke” which has resulted into reduction in
human resource, reduction in cost and an increase in the
safety factor.
Congratulations to Mr Dubey & Faiyaz – we expect they
will win many more awards in the future for the Company!
4. Work with a light screen background (dark type or images
on white or pale background). You’ll find it is easier on
your eyes.
5. Place the monitor and source documents so that they are
about the same distance from your eyes. Use a document
holder immediately next to the monitor.
6. Rest the muscles of your eyes by focusing on a distant
object occasionally.
7. Change your body position periodically throughout the
day.
8. The position of the keyboard should be at a proper level
in front of you. It is important to ensure proper elbow
height that enables you to type with straight wrists.
9. It’s important to be completely relaxed while working on
the computer. Injuries and pain can be a problem if you
remain constantly tensed as that affects the muscles of
the neck and shoulders.
10. A good chair significantly reduces the risk of lower back
pain or injury. An ergonomic chair provides comfortable
lumbar support and allows for a variety of seated postures.
TMILLAN / OCTOBER 2013
PAGE 6
CONGRATULATIONS
new joinees
Name
Congrats to Mr Amitabha Majumder on his photograph
being published in the Asian Photography journal, July 2013
issue. Kudos and keep it up! We expect many more such
achievements in your way.
Place
SBU
M.O.J.
Mr Santhanam Karthikeyan
Chennai
TKM
Jul’ 13
Mr S. Senthilkumar
Chennai
TKM
Aug’ 13
Mr Tarak Nath Das
Kolkata
TKM
Aug’ 13
Capt. B. Mahapatra
Dubai
ISL
Jul’ 13
Mr.Prasad Bhagwan Patil
Dubai
ISL
May’ 13
Ms. Evelyn Moraes
Dubai
ISL
Jul’ 13
congratulations
information
The TBEM application writing and submission cycle is over
and now comes the second part of the activity-Site Visit
and Evaluation. The assessment schedule begins from 6th
November and ends on 11th November’13, with the Site visit
planned from 7th to 9th November. The feedback presentation
has been scheduled on 11th November’13.
The TBEM External Assessment Application for 2013 has been
uploaded on the HRIS portal homepage. Please logon to your
account to access the same.
We welcome articles, news snippets or anything that you
would like us to feature in the next edition.
Write to us at sohini_dasgupta@tmilltd.com
Heartiest congratulations to Ms Malini Sengupta
on tying the knot. Here is wishing them all the
best for the future!
PAGE 7
TMILLAN / OCTOBER 2013
SHIPPING
TERMINAL
OPERATIONS
CONTAINER
& FREIGHTING
HARBOUR
SERVICES
We welcome articles, news snippets or anything that you would like us to feature in the next edition
write to us at: sohini_dasgupta@tmilltd.com
REGISTERED OFFICE
Tata Centre, 14th Floor, 43, Jawaharlal Nehru Road, Kolkata – 700 071, West Bengal, India
P: +91 33 66339103
TMILLAN / OCTOBER 2013
I F:
+91 33 22886342
PAGE 8