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From: Press Information Bureau Ministry of I&B <pib.kolkata@gmail.com>
Date: Thu, Feb 18, 2010 at 2:48 PM
Subject: Releases........pt1
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Press Information Bureau
Government of India
* * * * * *
Prime Minister's Office
US President calls PM and condemns Pune blast
New Delhi: February 18, 2010
US President Barack Obama called the Prime Minister, Dr. Manmohan
Singh earlier this morning to condemn the blast that took place in
Pune on Saturday and to condole the loss of lives. In a brief
conversation, the two leaders took the opportunity to review
developments in Indo-US relations.
sh/lv/rk/dk/kol/14:28 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Panchayati Raj
E- governance in Panchayats
New Delhi: February 18, 2010
Ministry of Panchayati Raj has formulated a new Centrally sponsored
scheme for e- governance in Panchayati Raj Institutions . Under this
scheme, Village and Block Panchayats will be provided computers and
related hardware and software. It has been proposed that States/ UTs
would implement the e-PRI projects on a service procurement model. The
States/UTs will select the Service Centre Agencies (SCA) for
procurement of specified services through competitive bidding process.
The SCA will be responsible for providing required services which will
include IT infrastructure setup, arrangement for connectivity and
consumables, etc. as per agreed Service Levels.
The objective of this scheme is to equip Panchayats with various ICT
tools for Database and Planning, Online financial accounting &
reporting, Improved delivery of citizen-centric services, Scheme
Implementation & Monitoring and Dynamically maintaining Unique Codes
for Individuals, assets & utilities.
st/dk/kol/14:28 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Commerce & Industry
Vast potential for expanding trade between India and Jordan, says
Jyotiraditya Scindia
New Delhi: February 18, 2010
Shri Jyotiraditya M. Scindia, Minister of State for Commerce &
Industry, during his visit to Jordan on February 15-16, 2010 met the
Minister of Industry & Trade, Mr. Amer Hadidi; Minister of Foreign
Affairs, Mr. Nasser Judeh and Minister of Energy & Mineral Resources,
Mr. Khaled Anis Irani and discussed the possibilities for exploring
and enhancing trade between the two countries. The talks between the
two sides focused on ways to augment the bilateral trade and also
covered issues of mutual interest.
During his interactions, Shri Scindia observed that there is a vast
potential for expanding trade between the two countries in sectors
such as leather, information technology, pharmaceuticals, construction
material and automobile sector. Both the sides recalled the 8th
Session of Indo-Jordan Trade and Economic Committee held in New Delhi
in August 2006 and agreed to hold the next Session in Amman as early
as possible.
The trade turnover between the two countries in 2008 was at $ 1.785
billion and US $ 934 million in the first eleven months of 2009.
Jordan's imports from India was US $ 503 million in 2008 as compared
to US $ 469 million in 2007. India's main items of exports to Jordan
consist of electrical machinery & equipments, engineering goods,
organic chemicals, aircraft & parts, etc. India's main items of
imports from Jordan are phosphates, phosphoric acid, fertilizers,
inorganic chemicals aluminium, lead etc.
rj/mrs/dk/kol/14:29 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Culture
Delhi Public Library to re-launch its exhibition from 24th February
2010 in New Delhi
New Delhi: February 18, 2010
Delhi Public Library (DPL) has decided to re-launch its unique
exhibition from 24th to 28th February 2010 at Indira Gandhi National
Centre for the Arts (IGNCA) at Mansingh Road, New Delhi. The
exhibition had to be called off abruptly earlier this month on 2nd
February due to unfortunate fire incident at the venue of the
exhibition.
According to Director, DPL the exhibition is being re-organised
because the International Federation of Library Associations and
Institutions (IFLA) is holding an International Newspaper Library
Conference in India for the first time during this period. IGNCA has
specially requested the DPL to re-launch the exhibition for delegates
from 15 different countries as the "Newseum: segment would be of
special interest to them.
Visitors will also experience a multi-media "Rewind of the Last Sixty
Years" during the period.
ad/db/dk/kol/14:29 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Petroleum & Natural Gas
Approval for Investment in Gas Field Development Project of Blocks A-1
and A-3, Myanmar and Participation in Onshore Midstream Pipeline
Company by ONGC Videsh Limited (OVL) and GAIL (India) Limited.
New Delhi: February 18, 2010
The Cabinet Committee on Economic Affairs today approved the following:
(i) ONGV Videsh Limited's (OVL's) additional investment up to an
amount of USD 832.54 million including USD 664.7 million for its
Participating Interest (PI) of 20% in Upstream Development Project
with minimum IRR of 12.53% and USD 167.84 million for its share of
8.35% PI in Onshore Midstream Project (i.e. PIPECO-2) with minimum IRR
of 15.5%. This will take total investment by OVL in the project up to
USD 1006.39 million with the break-up of USD 115.77 million as
Exploration cost till 31.10.2009, USD 564.06 million as Upstream
development cost, USD 158.72 million as PIPECO-1 cost and USD 167.84
million as PIPECO-2 cost.
(ii) Authorising ONGC to provide financing/guarantee support for
additional investment by OVL in the project to the extent of USD
832.54 million (i.e. USD 664.7 million plus USD 167.84 million).
(iii) Seeking exemption from Public Investment Board (PIB) route and
also extending the ECS mechanism to GAIL, as available to OVL, for
investments beyond the delegated power of GAIL's Board for its share
of investment as a one time measure for Myanmar Gas Development (up to
10% PI) and PIPECO-2 (4.1735% share) projects.
(iv) GAIL's investments up to an amount of USD 502.06 million
including the Upstream Development Project (USD 361.39 million) and
past cost towards Exploration & Appraisal (USD 56.79 million) for 10%
P.I. of GAIL and USD 83.88 million in onshore pipeline project
(PIPECO-2) for 4.1735% share subject to the condition that GAIL will
also ensure minimum IRR of 12.53% in Upstream Development Project and
minimum IRR of 15.5% in PIPECO-2.
Expenditure Involved: Currently, the Blocks A-1 and A-3 are under
Development Phase with effect from 1.11.2009. As on 31st October
2009, OVL and GAIL (India) Limited had made an investment of USD
115.77 million & USD 56.79 million respectively for exploration in
Blocks A-1 and A-3. The entire project envisages an investment of USD
1006.39 million by OVL and USD 502.06 million by GAIL (India) Limited.
Benefits: The additional investment is expected to provide additional
reserve accretion of hydrocarbons and facilitate production and
marketing of Natural Gas from the Blocks A-1 and A-3 having
participating interest of OVL and GAIL (India) Limited.
Background:
OVL and GAIL (India) Limited had acquired 20% and 10% participating
interest in Block A-1 in January, 2002 and Block A-3 in March, 2006
from Daewoo International corporation (Daewoo) of Korea. The other
Consortium members in the Block are Daewoo as operator with 60% PI and
Korea Gas Corporation (KOGAS), Korea with 10% PI each. CCEA in its
meeting held in October, 2009 considered the investment proposal of
OVL, approved by Participation in the Upstream and Offshore Midstream
sections of the Blocks A-1 and A-3, Myanmar Natural Gas Development
Project by ONGC Videsh Limited and investments up to an aggregate
amount of USD 173.85 Million in Blocks A-1 and A-3 by OVL.
ad/sh/lv/dk/kol/14:29 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Railways
Railway revenue earnings up by 5.01 per cent during the period 1st –
10th February 2010
New Delhi: February 18, 2010
The total approximate earnings of Indian Railways on originating basis
during the period from 1st to 10th February 2010 were Rs. 2446.37
crore compared to Rs. 2329.55 crore during the same period last year,
registering an increase of 5.01 per cent.
The total goods earnings have gone up from Rs. 1607.43 crore during
the period from 1st to 10th February 2009 to Rs. 1653.02 crore during
1st February – 10th February 2010, showing an increase of 2.84 per
cent. The total passenger revenue earnings during the period 1st to
10th February 2010 were Rs. 702.69 crore compared to Rs. 643.79 crore
during the same period last year, reflecting an increase of 9.15 per
cent. The revenue earnings from other coaching amounted to Rs. 66.01
crore during this period compared to Rs. 56.12 crore during the same
period last year, showing an increase of 17.62 per cent.
The total approximate number of passengers booked during the period
1st to 10th February 2010 were 224.23 million compared to 204.98
million during the same period last year, showing an increase of 9.39
per cent. In the suburban and non-suburban sectors, the number of
passengers booked during 1st to 10th February, 2010 were 124.79
million and 99.44 million compared to 113.62 million and 91.36 million
during the same period last year, registering an increase of 9.83 per
cent and 8.84 per cent respectively.
aks/hk/lk/tr/dk/kol/14:30 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Communications & Information Technology
Tariff issues for Cable TV Services in Non CAS areas - TRAI issues a
simplified format for cable operators
New Delhi: February 18, 2010
TRAI has issued a simplified version of the format in different Indian
languages for submitting information by small cable operators
regarding their operational and financial status required for the
exercise of tariff issues. All cable operators who have less than 500
subscribers are requested to fill up this format and submit the same
to TRAI by post/fax/e-mail (Details given above) by 28th February 2010
positively
In pursuance of the Hon'ble Supreme Court order dated 13th May 2009,
TRAI has undertaken the exercise relating to tariff for Cable TV
Services in Non-CAS areas. On 18th January 2010, the Hon'ble Supreme
Court had directed that this exercise should be completed by 30th June
2010. Accordingly, TRAI had requested all the stakeholders to complete
the submission of information about their financial and operational
figures in the prescribed formats by 15th February 2010. The formats
for submission of the information are already available on TRAI
website: http://www.trai.gov.in/BCSFormat.asp .
TRAI has received representations from some quarters indicating that
some small cable operators may not have access to computers and they
may be unable to understand the format fully. To facilitate the small
cable operators (Having less than 500 subscribers),a simplified
version of the format has been issued. An advertisement in this regard
has also been published in different regional languages in local news
papers. The advertisement in different Indian languages alongwith
simplified format has been placed on TRAI website:
http://www.trai.gov.in/BCSFormat.asp.
It may be recalled that the Hon'ble Court had directed all the
stakeholders to cooperate in this exercise. Cooperation of all the
cable operators is solicited by TRAI to comply with the directions of
the Hon'ble Supreme Court.
sp/ncj/as/dk/kol/14:30 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Civil Aviation
Government approves equity support of Rs. 800 crores to NACIL
New Delhi: February 18, 2010
The Government today has approved the proposal for release of equity
support of Rs.800 crores in two equal monthly installments to National
Aviation Company of India Limited (NACIL). This equity infusion had
earlier been approved by the GoM headed by the Finance Minister. The
release of funds will be calibrated to the achievement of milestones
laid down by the Group of Ministers (GoM).
NACIL is currently facing severe financial losses which is compounded
by its costly legacy assets, weakening revenue stream and high cost
structure, resulting in rising liabilities. Upon the directions of
the Government, NACIL initiated a multi-pronged turnaround plan which
included the following measures:
• Complete rationalization of manpower and productivity linked
incentive.
• Complete the integration process of erstwhile Indian
Airlines & Air India.
• Review of all agreements on technical & operational matters.
• Return of leased aircraft at the earliest.
• Large-scale redeployment of staff to curb infructuous expenditure.
• Closure of all overseas offices where NACIL does not operate.
After the financial restructuring and other turnaround measures
adopted by NACIL, the GoM had accepted the company's savings and cost
reduction plan of Rs.1911 crores for the financial year 2009-10.
NACIL has initiated action as part of the Turnaround Plan along with
cost reduction/revenue enhancement programme focusing on Fleet
rationalization, Route Profitability, Manpower Rationalisation and
Structural Changes. Fleet Rationalisation is being attempted through
reduction of fleet size from 146 aircraft to 105 by March, 2011. 22
aircraft are being removed from the fleet by way of leasing out,
return of leased aircraft and sale of aircraft. It has been estimated
that this will result in annual cost savings of Rs.200 crores on
maintenance and inventory cost and Rs.400 crores in fuel consumption
and efficiency gains. Future requirement of cockpit, cabin crew and
engineers would get reduced, resulting in annual savings of Rs.300
crores.
Route Rationalisation has been reworked for Winter Schedule 2009 (upto
March 2010). Restructuring of operations over Frankfurt Hub
(effective December 2009), capacity adjustments, rationalization of
overlap operations of NACIL(I) and Air India Express, reduction of
positioning flights and 6 B747 to be taken out and replaced by other
aircraft will result in expected savings of Rs.563 crores in the
current year. Medium term network strategy by end of December, 2009
is being worked out with the assistance of M/s. Simat Helliesen &
Eichner. Inc consultants that will focus on profitable hub operations,
leveraging partners for efficiency like DIAL T3 and Star Alliance.
Manpower rationalization (including staff-related costs) is being
attempted as an immediate, short-term and a long-term exercise which
is expected to result in annual savings of Rs.113 crores, once
implemented in full.
NACIL has shown improvements in its operational and financial
parameters during the first half of financial year 2009-10 in
comparison to the corresponding period of financial year 2008-09. The
passenger load factor, which indicates the utilization of Available
Seat Kilometer offered by the Company, has improved from 57.7% to 62%.
The number of Revenue Passengers carried increased from 5.32 million
to 5.61 million. As for financial performance, its operating loss of
Rs.2029 crores was about 23% less as compared to Rs.2638 crores for
the corresponding period of last year.
NACIL's present paid up equity capital of Rs.145 crores is not
sufficient for an aviation company of its size. The equity induction
will not only ease the cash flow situation of the company but would
also preclude borrowing from the markets at a high cost. The
turnaround/restructuring plan of NACIL will be monitored and reviewed
by Ministry of Civil Aviation, COS and GOM periodically.
mc/mk/dk/kol/14:30 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Civil Aviation
Equity induction by the Government in the National Aviation Company of
India Limited (NACIL)
New Delhi: February 18, 2010
The Cabinet Committee on Economic Affairs today approved release of
Rs.800 crore as equity induction in the National Aviation Company of
India Limited (NACIL). The equity induction would not only ease the
cash flow situation of the company but would also preclude borrowings
from the markets at a high cost.
The Hon'ble PM had taken a meeting in June last year on issues
relating to NACIL and after a detailed deliberation, it was decided
that NACIL would come out with a financial restructuring Plan and its
turnaround plan would be closely monitored by Committee of
Secretaries. Thereafter, a Group of Ministers was also constituted to
consider the financial position of NACIL and its request for financial
support.
Accordingly, the financial restructuring plan of NACIL was submitted
before the GOM for consideration in its meetings held on 21st
October, 2009 and 12th November, 2009. The GOM after detailed
discussion, approved the release of funds to the extent of Rs.800
crore in tranches of Rs.400 crore a month in the form of equity and
decided to recommend the equity induction in NACIL for approval of
Cabinet Committee on Economic Affairs.
NACIL's present paid up equity capital of Rs.145 crore is not
sufficient for an aviation company of its size. The company is
currently struggling to address costly legacy assets, a weakening
revenue stream and high cost structure resulting in rising
liabilities.
ad/sh/lv/dk/kol/14:31 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Health and Family Welfare
Strengthening and upgradation of State Government Medical Colleges for
starting new Post Graduate (PG) disciplines and increasing PG seats by
central funding during XI Plan
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved a proposal
from Ministry of Health & Family Welfare on strengthening and
upgradation of State Government Medical Colleges for starting new Post
Graduate disciplines and increasing PG seats by central funding during
XI Plan period. The Committee approved the proposals as under:
i. Funding the State Government medical colleges by way of a
one-time grant of Rs.1350 crore under a new Centrally Sponsored Scheme
(CSS) with funding pattern of 75% by Central Government and 25% by
State Government for starting new Post Graduate disciplines and
increasing PG seats.
ii. Release of funds under the scheme should be made conditional
upon States committing to incur necessary recurring expenditure for
maintaining the facilities created under the scheme after XI Plan
period.
iii. Funds will be disbursed directly to the Head of the
Institute in two instalments. The State Government will undertake to
refund the funds if the stipulated increase in PG seats/starting PG
disciplines do not fructify within the prescribed period.
iv. The proposal including quantum of funding will be decided by
the Empowered Committee to be constituted under the Chairmanship of
Union Health Secretary.
The approval will result in an additonal 5000 seats in PG courses in
148 State Government Medical colleges in pre and para clinical
disciplines like Anatomy, Microbiology, Physiology, Pharmacology ,
Bio-chemistry, Forensic Medicine, Community Medicine and certain
clinical disciplines like Obstretrics & Gynaecology, Paediatrics,
Anaesthesiology, General Medicine and General Surgery etc. It will
also result in strengthening the existing public health delivery
system.
ad/sh/lv/dk/kol/14:39 hrs.
Press Information Bureau
Government of India
* * * * * *
Cabinet Committee on Economic Affairs (CCEA)
Strengthening and upgradation of State Government Medical Colleges for
starting new Post Graduate (PG) disciplines and increasing PG seats by
central funding during XI Plan
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved a proposal
from Ministry of Health & Family Welfare on strengthening and
upgradation of State Government Medical Colleges for starting new Post
Graduate disciplines and increasing PG seats by central funding during
XI Plan period. The Committee approved the proposals as under:
i. Funding the State Government medical colleges by way of a
one-time grant of Rs.1350 crore under a new Centrally Sponsored Scheme
(CSS) with funding pattern of 75% by Central Government and 25% by
State Government for starting new Post Graduate disciplines and
increasing PG seats.
ii. Release of funds under the scheme should be made conditional
upon States committing to incur necessary recurring expenditure for
maintaining the facilities created under the scheme after XI Plan
period.
iii. Funds will be disbursed directly to the Head of the
Institute in two instalments. The State Government will undertake to
refund the funds if the stipulated increase in PG seats/starting PG
disciplines do not fructify within the prescribed period.
iv. The proposal including quantum of funding will be decided by
the Empowered Committee to be constituted under the Chairmanship of
Union Health Secretary.
The approval will result in an additonal 5000 seats in PG courses in
148 State Government Medical colleges in pre and para clinical
disciplines like Anatomy, Microbiology, Physiology, Pharmacology ,
Bio-chemistry, Forensic Medicine, Community Medicine and certain
clinical disciplines like Obstretrics & Gynaecology, Paediatrics,
Anaesthesiology, General Medicine and General Surgery etc. It will
also result in strengthening the existing public health delivery
system.
ad/sh/lv/dk/kol/14:31 hrs.
Press Information Bureau
Government of India
* * * * * *
Cabinet Committee on Economic Affairs (CCEA)
Equity induction by the Government in the National Aviation Company of
India Limited (NACIL)
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved release of
Rs.800 crore as equity induction in the National Aviation Company of
India Limited (NACIL). The equity induction would not only ease the
cash flow situation of the company but would also preclude borrowings
from the markets at a high cost.
The Hon'ble PM had taken a meeting in June last year on issues
relating to NACIL and after a detailed deliberation, it was decided
that NACIL would come out with a financial restructuring Plan and its
turnaround plan would be closely monitored by Committee of
Secretaries. Thereafter, a Group of Ministers was also constituted to
consider the financial position of NACIL and its request for financial
support.
Accordingly, the financial restructuring plan of NACIL was submitted
before the GOM for consideration in its meetings held on 21st
October, 2009 and 12th November, 2009. The GOM after detailed
discussion, approved the release of funds to the extent of Rs.800
crore in tranches of Rs.400 crore a month in the form of equity and
decided to recommend the equity induction in NACIL for approval of
Cabinet Committee on Economic Affairs.
NACIL's present paid up equity capital of Rs.145 crore is not
sufficient for an aviation company of its size. The company is
currently struggling to address costly legacy assets, a weakening
revenue stream and high cost structure resulting in rising
liabilities.
ad/sh/lv/dk/kol/14:31 hrs.
Press Information Bureau
Government of India
* * * * * *
Cabinet Committee on Economic Affairs (CCEA)
Approval for Investment in Gas Field Development Project of Blocks A-1
and A-3, Myanmar and Participation in Onshore Midstream Pipeline
Company by ONGC Videsh Limited (OVL) and GAIL (India) Limited.
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved the following:
(i) ONGV Videsh Limited's (OVL's) additional investment up to an
amount of USD 832.54 million including USD 664.7 million for its
Participating Interest (PI) of 20% in Upstream Development Project
with minimum IRR of 12.53% and USD 167.84 million for its share of
8.35% PI in Onshore Midstream Project (i.e. PIPECO-2) with minimum IRR
of 15.5%. This will take total investment by OVL in the project up to
USD 1006.39 million with the break-up of USD 115.77 million as
Exploration cost till 31.10.2009, USD 564.06 million as Upstream
development cost, USD 158.72 million as PIPECO-1 cost and USD 167.84
million as PIPECO-2 cost.
(ii) Authorising ONGC to provide financing/guarantee support for
additional investment by OVL in the project to the extent of USD
832.54 million (i.e. USD 664.7 million plus USD 167.84 million).
(iii) Seeking exemption from Public Investment Board (PIB) route
and also extending the ECS mechanism to GAIL, as available to OVL, for
investments beyond the delegated power of GAIL's Board for its share
of investment as a one time measure for Myanmar Gas Development (up to
10% PI) and PIPECO-2 (4.1735% share) projects.
(iv) GAIL's investments up to an amount of USD 502.06 million
including the Upstream Development Project (USD 361.39 million) and
past cost towards Exploration & Appraisal (USD 56.79 million) for 10%
P.I. of GAIL and USD 83.88 million in onshore pipeline project
(PIPECO-2) for 4.1735% share subject to the condition that GAIL will
also ensure minimum IRR of 12.53% in Upstream Development Project and
minimum IRR of 15.5% in PIPECO-2.
Expenditure Involved: Currently, the Blocks A-1 and A-3 are under
Development Phase with effect from 1.11.2009. As on 31st October
2009, OVL and GAIL (India) Limited had made an investment of USD
115.77 million & USD 56.79 million respectively for exploration in
Blocks A-1 and A-3. The entire project envisages an investment of USD
1006.39 million by OVL and USD 502.06 million by GAIL (India) Limited.
Benefits: The additional investment is expected to provide additional
reserve accretion of hydrocarbons and facilitate production and
marketing of Natural Gas from the Blocks A-1 and A-3 having
participating interest of OVL and GAIL (India) Limited.
Background:
OVL and GAIL (India) Limited had acquired 20% and 10% participating
interest in Block A-1 in January, 2002 and Block A-3 in March, 2006
from Daewoo International corporation (Daewoo) of Korea. The other
Consortium members in the Block are Daewoo as operator with 60% PI and
Korea Gas Corporation (KOGAS), Korea with 10% PI each. CCEA in its
meeting held in October, 2009 considered the investment proposal of
OVL, approved by Participation in the Upstream and Offshore Midstream
sections of the Blocks A-1 and A-3, Myanmar Natural Gas Development
Project by ONGC Videsh Limited and investments up to an aggregate
amount of USD 173.85 Million in Blocks A-1 and A-3 by OVL.
ad/sh/lv/dk/kol/14:32 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Women and Child Development
Grant Management to be more transparent: Krishna Tirath
New Delhi: February 18, 2010
Addressing the delegates of voluntary organizations, Minister of State
for Women & Child Development Smt Krishna Tirath said, transparency in
managing grant system was imperative. She was inaugurating the
National Consultation for Evolving an Efficient Grant Management
System towards Improving GO-NGO Cooperation in WCD schemes.
The Consultation was organized by the Ministry of Women and Child
Development in collaboration with National Institute of Public
Cooperation and Child Development (NIPCCD) during 15-16 February 2010
at New Delhi and its four regional centres.
In view of greater penetration of voluntary organization in far-flung
areas, and their demonstrated capabilities in implementation of
Five-Year plans, they were in better position to manage the issues at
grass-root level, the Minister said. She said, more the number of
voluntary agencies, higher the pace of development. They are the eyes,
ears and legs of the government, she added.
Earlier, after welcoming the Minister and the participants from
various states, the Secretary WCD, Shri D.K. Sikri said that ever
since taking the charge, the Minister had been in continuous touch
with people at grass-root level to have the feel of difficulties at
ground level. The present consultation was meant to have direct
dialogue with voluntary agencies so as to evolve a robust, transparent
and effective grant management system. The National Consultation drew
over 80 representatives from government and voluntary sector from
various parts of the country. The Secretary said, exchange of ideas is
the mantra of development process and the voluntary organizations
should focus on the area of their expertise.
Shri Sikri exhorted the voluntary sector to innovate and implement
schemes for women and children in several areas with greater ease on
wider scale taking advantage of their intimate rapport with local
people, where government intervention was difficult. He also assured
that the government would clear the pending proposals adopting
web-based solutions, soon to be in place.
The Ministry of Women and Child Development is implementing many
schemes with the help of Non-Governmental Organizations (NGOs). The
two-day consultations were organized by NIPCCD in order to seek
cooperation/participation of NGOs in effective implementation of
schemes. The objectives of the consultations were to review the
existing patterns, process and procedure of Grant-in –Aid under
different schemes; identify the complexities and challenges of
disbursal of Grants –in-Aid experienced by voluntary organizations and
the government agencies; bring about transparency and accountability
at various levels and suggest remedial measures for evolving an
efficient Grant Management System to achieve improved GO-NGO
cooperation and for providing better services to the community.
The consultation recommended evolving a transparent grant management
system, various measures of enhancing GO-VO interaction, creation of a
single window system for grant proposals, simplification of
procedures, grievance redressal machinery and online management of
grant proposals. Scheme-specific recommendations were also formulated
during consultation.
The Regional consultations held simultaneously at four regional
centres of NIPCCD located in Bangluru, Guwahati, Indore and Lucknow
were attended by about 300 delegates.
ds/dk/kol/14:32 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Commerce & Industry
Wholesale Price Indices for Primary Articles and Fuel, Power, Light &
Lubricants in India (Base: 1993-94=100)
New Delhi: February 18, 2010
Review for the week ended 6th February, 2010 (17 Magha, 1931 Saka)
The WPI for the week ended 6th February, 2010 in respect of 'Primary
Articles' and 'Fuel, Power, Light & Lubricants' is given below:
PRIMARY ARTICLES (Weight 22.02%):
The WPI for the week ended 6th February, 2010 rose by 0.2 percent to
285.8 (Provisional) from 285.2 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis,
stood at 16.23 percent (provisional) for the week ended 06/02/2010
over (07/02/2009) as compared to 15.75 percent (Provisional) for the
previous week (ended 30/01/2010) and 7.05 percent during the
corresponding week (ended 07/02/2009) of the previous year.
The groups and items for which the index showed variations during the
week are as follows:-
The index for 'Food Articles' group rose by 0.1 percent to 287.5
(Provisional) from 287.3 (Provisional) for the previous week due to
higher prices of moong and poultry chicken (3% each), fish-marine (2%)
and barley and wheat (1% each). However, the prices of urad (4%),
arhar (2%) and eggs, gram, fish-inland and masur (1% each) declined.
The index for 'Non-Food Articles' group rose by 0.7 percent to 257.3
(Provisional) from 255.6 (Provisional) for the previous week due to
higher prices of groundnut seed (5%), niger seed (3%) and raw rubber
(1%). However, the prices of tobacco (4%) and raw cotton and mesta (1%
each) declined.
FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose marginally to 355.5 (Provisional)
from 355.4 (Provisional) for the previous week due to higher prices of
naphtha and aviation turbine fuel (1% each). However, the prices of
bitumen (2%) and furnace oil (1%) declined.
The annual rate of inflation, calculated on point to point basis stood
at 9.89 percent (Provisional) for the week ended 06/02/2010 over
07/02/2009 as compared to 10.44 percent (Provisional) for the previous
week (ended 30/01/2010) and (-)3.03 percent during the corresponding
week (ended 07/02/2009) of the previous year.
Build up inflation over the week, financial year end and over the year
is given below for some important items.
Next date of press release: 25/02/2010 for the week ending 13/02/2010
This press release is available at our home page
http://eaindustry.nic.in
WHOLLESALE PRICE INDEX and INDEX NUMBERS OF WHOLESALE PRICES IN INDIA follows….
rj/mrs/dk/kol/14:32 hrs.
From: Press Information Bureau Ministry of I&B <pib.kolkata@gmail.com>
Date: Thu, Feb 18, 2010 at 2:48 PM
Subject: Releases........pt1
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Press Information Bureau
Government of India
* * * * * *
Prime Minister's Office
US President calls PM and condemns Pune blast
New Delhi: February 18, 2010
US President Barack Obama called the Prime Minister, Dr. Manmohan
Singh earlier this morning to condemn the blast that took place in
Pune on Saturday and to condole the loss of lives. In a brief
conversation, the two leaders took the opportunity to review
developments in Indo-US relations.
sh/lv/rk/dk/kol/14:28 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Panchayati Raj
E- governance in Panchayats
New Delhi: February 18, 2010
Ministry of Panchayati Raj has formulated a new Centrally sponsored
scheme for e- governance in Panchayati Raj Institutions . Under this
scheme, Village and Block Panchayats will be provided computers and
related hardware and software. It has been proposed that States/ UTs
would implement the e-PRI projects on a service procurement model. The
States/UTs will select the Service Centre Agencies (SCA) for
procurement of specified services through competitive bidding process.
The SCA will be responsible for providing required services which will
include IT infrastructure setup, arrangement for connectivity and
consumables, etc. as per agreed Service Levels.
The objective of this scheme is to equip Panchayats with various ICT
tools for Database and Planning, Online financial accounting &
reporting, Improved delivery of citizen-centric services, Scheme
Implementation & Monitoring and Dynamically maintaining Unique Codes
for Individuals, assets & utilities.
st/dk/kol/14:28 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Commerce & Industry
Vast potential for expanding trade between India and Jordan, says
Jyotiraditya Scindia
New Delhi: February 18, 2010
Shri Jyotiraditya M. Scindia, Minister of State for Commerce &
Industry, during his visit to Jordan on February 15-16, 2010 met the
Minister of Industry & Trade, Mr. Amer Hadidi; Minister of Foreign
Affairs, Mr. Nasser Judeh and Minister of Energy & Mineral Resources,
Mr. Khaled Anis Irani and discussed the possibilities for exploring
and enhancing trade between the two countries. The talks between the
two sides focused on ways to augment the bilateral trade and also
covered issues of mutual interest.
During his interactions, Shri Scindia observed that there is a vast
potential for expanding trade between the two countries in sectors
such as leather, information technology, pharmaceuticals, construction
material and automobile sector. Both the sides recalled the 8th
Session of Indo-Jordan Trade and Economic Committee held in New Delhi
in August 2006 and agreed to hold the next Session in Amman as early
as possible.
The trade turnover between the two countries in 2008 was at $ 1.785
billion and US $ 934 million in the first eleven months of 2009.
Jordan's imports from India was US $ 503 million in 2008 as compared
to US $ 469 million in 2007. India's main items of exports to Jordan
consist of electrical machinery & equipments, engineering goods,
organic chemicals, aircraft & parts, etc. India's main items of
imports from Jordan are phosphates, phosphoric acid, fertilizers,
inorganic chemicals aluminium, lead etc.
rj/mrs/dk/kol/14:29 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Culture
Delhi Public Library to re-launch its exhibition from 24th February
2010 in New Delhi
New Delhi: February 18, 2010
Delhi Public Library (DPL) has decided to re-launch its unique
exhibition from 24th to 28th February 2010 at Indira Gandhi National
Centre for the Arts (IGNCA) at Mansingh Road, New Delhi. The
exhibition had to be called off abruptly earlier this month on 2nd
February due to unfortunate fire incident at the venue of the
exhibition.
According to Director, DPL the exhibition is being re-organised
because the International Federation of Library Associations and
Institutions (IFLA) is holding an International Newspaper Library
Conference in India for the first time during this period. IGNCA has
specially requested the DPL to re-launch the exhibition for delegates
from 15 different countries as the "Newseum: segment would be of
special interest to them.
Visitors will also experience a multi-media "Rewind of the Last Sixty
Years" during the period.
ad/db/dk/kol/14:29 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Petroleum & Natural Gas
Approval for Investment in Gas Field Development Project of Blocks A-1
and A-3, Myanmar and Participation in Onshore Midstream Pipeline
Company by ONGC Videsh Limited (OVL) and GAIL (India) Limited.
New Delhi: February 18, 2010
The Cabinet Committee on Economic Affairs today approved the following:
(i) ONGV Videsh Limited's (OVL's) additional investment up to an
amount of USD 832.54 million including USD 664.7 million for its
Participating Interest (PI) of 20% in Upstream Development Project
with minimum IRR of 12.53% and USD 167.84 million for its share of
8.35% PI in Onshore Midstream Project (i.e. PIPECO-2) with minimum IRR
of 15.5%. This will take total investment by OVL in the project up to
USD 1006.39 million with the break-up of USD 115.77 million as
Exploration cost till 31.10.2009, USD 564.06 million as Upstream
development cost, USD 158.72 million as PIPECO-1 cost and USD 167.84
million as PIPECO-2 cost.
(ii) Authorising ONGC to provide financing/guarantee support for
additional investment by OVL in the project to the extent of USD
832.54 million (i.e. USD 664.7 million plus USD 167.84 million).
(iii) Seeking exemption from Public Investment Board (PIB) route and
also extending the ECS mechanism to GAIL, as available to OVL, for
investments beyond the delegated power of GAIL's Board for its share
of investment as a one time measure for Myanmar Gas Development (up to
10% PI) and PIPECO-2 (4.1735% share) projects.
(iv) GAIL's investments up to an amount of USD 502.06 million
including the Upstream Development Project (USD 361.39 million) and
past cost towards Exploration & Appraisal (USD 56.79 million) for 10%
P.I. of GAIL and USD 83.88 million in onshore pipeline project
(PIPECO-2) for 4.1735% share subject to the condition that GAIL will
also ensure minimum IRR of 12.53% in Upstream Development Project and
minimum IRR of 15.5% in PIPECO-2.
Expenditure Involved: Currently, the Blocks A-1 and A-3 are under
Development Phase with effect from 1.11.2009. As on 31st October
2009, OVL and GAIL (India) Limited had made an investment of USD
115.77 million & USD 56.79 million respectively for exploration in
Blocks A-1 and A-3. The entire project envisages an investment of USD
1006.39 million by OVL and USD 502.06 million by GAIL (India) Limited.
Benefits: The additional investment is expected to provide additional
reserve accretion of hydrocarbons and facilitate production and
marketing of Natural Gas from the Blocks A-1 and A-3 having
participating interest of OVL and GAIL (India) Limited.
Background:
OVL and GAIL (India) Limited had acquired 20% and 10% participating
interest in Block A-1 in January, 2002 and Block A-3 in March, 2006
from Daewoo International corporation (Daewoo) of Korea. The other
Consortium members in the Block are Daewoo as operator with 60% PI and
Korea Gas Corporation (KOGAS), Korea with 10% PI each. CCEA in its
meeting held in October, 2009 considered the investment proposal of
OVL, approved by Participation in the Upstream and Offshore Midstream
sections of the Blocks A-1 and A-3, Myanmar Natural Gas Development
Project by ONGC Videsh Limited and investments up to an aggregate
amount of USD 173.85 Million in Blocks A-1 and A-3 by OVL.
ad/sh/lv/dk/kol/14:29 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Railways
Railway revenue earnings up by 5.01 per cent during the period 1st –
10th February 2010
New Delhi: February 18, 2010
The total approximate earnings of Indian Railways on originating basis
during the period from 1st to 10th February 2010 were Rs. 2446.37
crore compared to Rs. 2329.55 crore during the same period last year,
registering an increase of 5.01 per cent.
The total goods earnings have gone up from Rs. 1607.43 crore during
the period from 1st to 10th February 2009 to Rs. 1653.02 crore during
1st February – 10th February 2010, showing an increase of 2.84 per
cent. The total passenger revenue earnings during the period 1st to
10th February 2010 were Rs. 702.69 crore compared to Rs. 643.79 crore
during the same period last year, reflecting an increase of 9.15 per
cent. The revenue earnings from other coaching amounted to Rs. 66.01
crore during this period compared to Rs. 56.12 crore during the same
period last year, showing an increase of 17.62 per cent.
The total approximate number of passengers booked during the period
1st to 10th February 2010 were 224.23 million compared to 204.98
million during the same period last year, showing an increase of 9.39
per cent. In the suburban and non-suburban sectors, the number of
passengers booked during 1st to 10th February, 2010 were 124.79
million and 99.44 million compared to 113.62 million and 91.36 million
during the same period last year, registering an increase of 9.83 per
cent and 8.84 per cent respectively.
aks/hk/lk/tr/dk/kol/14:30 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Communications & Information Technology
Tariff issues for Cable TV Services in Non CAS areas - TRAI issues a
simplified format for cable operators
New Delhi: February 18, 2010
TRAI has issued a simplified version of the format in different Indian
languages for submitting information by small cable operators
regarding their operational and financial status required for the
exercise of tariff issues. All cable operators who have less than 500
subscribers are requested to fill up this format and submit the same
to TRAI by post/fax/e-mail (Details given above) by 28th February 2010
positively
In pursuance of the Hon'ble Supreme Court order dated 13th May 2009,
TRAI has undertaken the exercise relating to tariff for Cable TV
Services in Non-CAS areas. On 18th January 2010, the Hon'ble Supreme
Court had directed that this exercise should be completed by 30th June
2010. Accordingly, TRAI had requested all the stakeholders to complete
the submission of information about their financial and operational
figures in the prescribed formats by 15th February 2010. The formats
for submission of the information are already available on TRAI
website: http://www.trai.gov.in/BCSFormat.asp .
TRAI has received representations from some quarters indicating that
some small cable operators may not have access to computers and they
may be unable to understand the format fully. To facilitate the small
cable operators (Having less than 500 subscribers),a simplified
version of the format has been issued. An advertisement in this regard
has also been published in different regional languages in local news
papers. The advertisement in different Indian languages alongwith
simplified format has been placed on TRAI website:
http://www.trai.gov.in/BCSFormat.asp.
It may be recalled that the Hon'ble Court had directed all the
stakeholders to cooperate in this exercise. Cooperation of all the
cable operators is solicited by TRAI to comply with the directions of
the Hon'ble Supreme Court.
sp/ncj/as/dk/kol/14:30 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Civil Aviation
Government approves equity support of Rs. 800 crores to NACIL
New Delhi: February 18, 2010
The Government today has approved the proposal for release of equity
support of Rs.800 crores in two equal monthly installments to National
Aviation Company of India Limited (NACIL). This equity infusion had
earlier been approved by the GoM headed by the Finance Minister. The
release of funds will be calibrated to the achievement of milestones
laid down by the Group of Ministers (GoM).
NACIL is currently facing severe financial losses which is compounded
by its costly legacy assets, weakening revenue stream and high cost
structure, resulting in rising liabilities. Upon the directions of
the Government, NACIL initiated a multi-pronged turnaround plan which
included the following measures:
• Complete rationalization of manpower and productivity linked
incentive.
• Complete the integration process of erstwhile Indian
Airlines & Air India.
• Review of all agreements on technical & operational matters.
• Return of leased aircraft at the earliest.
• Large-scale redeployment of staff to curb infructuous expenditure.
• Closure of all overseas offices where NACIL does not operate.
After the financial restructuring and other turnaround measures
adopted by NACIL, the GoM had accepted the company's savings and cost
reduction plan of Rs.1911 crores for the financial year 2009-10.
NACIL has initiated action as part of the Turnaround Plan along with
cost reduction/revenue enhancement programme focusing on Fleet
rationalization, Route Profitability, Manpower Rationalisation and
Structural Changes. Fleet Rationalisation is being attempted through
reduction of fleet size from 146 aircraft to 105 by March, 2011. 22
aircraft are being removed from the fleet by way of leasing out,
return of leased aircraft and sale of aircraft. It has been estimated
that this will result in annual cost savings of Rs.200 crores on
maintenance and inventory cost and Rs.400 crores in fuel consumption
and efficiency gains. Future requirement of cockpit, cabin crew and
engineers would get reduced, resulting in annual savings of Rs.300
crores.
Route Rationalisation has been reworked for Winter Schedule 2009 (upto
March 2010). Restructuring of operations over Frankfurt Hub
(effective December 2009), capacity adjustments, rationalization of
overlap operations of NACIL(I) and Air India Express, reduction of
positioning flights and 6 B747 to be taken out and replaced by other
aircraft will result in expected savings of Rs.563 crores in the
current year. Medium term network strategy by end of December, 2009
is being worked out with the assistance of M/s. Simat Helliesen &
Eichner. Inc consultants that will focus on profitable hub operations,
leveraging partners for efficiency like DIAL T3 and Star Alliance.
Manpower rationalization (including staff-related costs) is being
attempted as an immediate, short-term and a long-term exercise which
is expected to result in annual savings of Rs.113 crores, once
implemented in full.
NACIL has shown improvements in its operational and financial
parameters during the first half of financial year 2009-10 in
comparison to the corresponding period of financial year 2008-09. The
passenger load factor, which indicates the utilization of Available
Seat Kilometer offered by the Company, has improved from 57.7% to 62%.
The number of Revenue Passengers carried increased from 5.32 million
to 5.61 million. As for financial performance, its operating loss of
Rs.2029 crores was about 23% less as compared to Rs.2638 crores for
the corresponding period of last year.
NACIL's present paid up equity capital of Rs.145 crores is not
sufficient for an aviation company of its size. The equity induction
will not only ease the cash flow situation of the company but would
also preclude borrowing from the markets at a high cost. The
turnaround/restructuring plan of NACIL will be monitored and reviewed
by Ministry of Civil Aviation, COS and GOM periodically.
mc/mk/dk/kol/14:30 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Civil Aviation
Equity induction by the Government in the National Aviation Company of
India Limited (NACIL)
New Delhi: February 18, 2010
The Cabinet Committee on Economic Affairs today approved release of
Rs.800 crore as equity induction in the National Aviation Company of
India Limited (NACIL). The equity induction would not only ease the
cash flow situation of the company but would also preclude borrowings
from the markets at a high cost.
The Hon'ble PM had taken a meeting in June last year on issues
relating to NACIL and after a detailed deliberation, it was decided
that NACIL would come out with a financial restructuring Plan and its
turnaround plan would be closely monitored by Committee of
Secretaries. Thereafter, a Group of Ministers was also constituted to
consider the financial position of NACIL and its request for financial
support.
Accordingly, the financial restructuring plan of NACIL was submitted
before the GOM for consideration in its meetings held on 21st
October, 2009 and 12th November, 2009. The GOM after detailed
discussion, approved the release of funds to the extent of Rs.800
crore in tranches of Rs.400 crore a month in the form of equity and
decided to recommend the equity induction in NACIL for approval of
Cabinet Committee on Economic Affairs.
NACIL's present paid up equity capital of Rs.145 crore is not
sufficient for an aviation company of its size. The company is
currently struggling to address costly legacy assets, a weakening
revenue stream and high cost structure resulting in rising
liabilities.
ad/sh/lv/dk/kol/14:31 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Health and Family Welfare
Strengthening and upgradation of State Government Medical Colleges for
starting new Post Graduate (PG) disciplines and increasing PG seats by
central funding during XI Plan
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved a proposal
from Ministry of Health & Family Welfare on strengthening and
upgradation of State Government Medical Colleges for starting new Post
Graduate disciplines and increasing PG seats by central funding during
XI Plan period. The Committee approved the proposals as under:
i. Funding the State Government medical colleges by way of a
one-time grant of Rs.1350 crore under a new Centrally Sponsored Scheme
(CSS) with funding pattern of 75% by Central Government and 25% by
State Government for starting new Post Graduate disciplines and
increasing PG seats.
ii. Release of funds under the scheme should be made conditional
upon States committing to incur necessary recurring expenditure for
maintaining the facilities created under the scheme after XI Plan
period.
iii. Funds will be disbursed directly to the Head of the
Institute in two instalments. The State Government will undertake to
refund the funds if the stipulated increase in PG seats/starting PG
disciplines do not fructify within the prescribed period.
iv. The proposal including quantum of funding will be decided by
the Empowered Committee to be constituted under the Chairmanship of
Union Health Secretary.
The approval will result in an additonal 5000 seats in PG courses in
148 State Government Medical colleges in pre and para clinical
disciplines like Anatomy, Microbiology, Physiology, Pharmacology ,
Bio-chemistry, Forensic Medicine, Community Medicine and certain
clinical disciplines like Obstretrics & Gynaecology, Paediatrics,
Anaesthesiology, General Medicine and General Surgery etc. It will
also result in strengthening the existing public health delivery
system.
ad/sh/lv/dk/kol/14:39 hrs.
Press Information Bureau
Government of India
* * * * * *
Cabinet Committee on Economic Affairs (CCEA)
Strengthening and upgradation of State Government Medical Colleges for
starting new Post Graduate (PG) disciplines and increasing PG seats by
central funding during XI Plan
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved a proposal
from Ministry of Health & Family Welfare on strengthening and
upgradation of State Government Medical Colleges for starting new Post
Graduate disciplines and increasing PG seats by central funding during
XI Plan period. The Committee approved the proposals as under:
i. Funding the State Government medical colleges by way of a
one-time grant of Rs.1350 crore under a new Centrally Sponsored Scheme
(CSS) with funding pattern of 75% by Central Government and 25% by
State Government for starting new Post Graduate disciplines and
increasing PG seats.
ii. Release of funds under the scheme should be made conditional
upon States committing to incur necessary recurring expenditure for
maintaining the facilities created under the scheme after XI Plan
period.
iii. Funds will be disbursed directly to the Head of the
Institute in two instalments. The State Government will undertake to
refund the funds if the stipulated increase in PG seats/starting PG
disciplines do not fructify within the prescribed period.
iv. The proposal including quantum of funding will be decided by
the Empowered Committee to be constituted under the Chairmanship of
Union Health Secretary.
The approval will result in an additonal 5000 seats in PG courses in
148 State Government Medical colleges in pre and para clinical
disciplines like Anatomy, Microbiology, Physiology, Pharmacology ,
Bio-chemistry, Forensic Medicine, Community Medicine and certain
clinical disciplines like Obstretrics & Gynaecology, Paediatrics,
Anaesthesiology, General Medicine and General Surgery etc. It will
also result in strengthening the existing public health delivery
system.
ad/sh/lv/dk/kol/14:31 hrs.
Press Information Bureau
Government of India
* * * * * *
Cabinet Committee on Economic Affairs (CCEA)
Equity induction by the Government in the National Aviation Company of
India Limited (NACIL)
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved release of
Rs.800 crore as equity induction in the National Aviation Company of
India Limited (NACIL). The equity induction would not only ease the
cash flow situation of the company but would also preclude borrowings
from the markets at a high cost.
The Hon'ble PM had taken a meeting in June last year on issues
relating to NACIL and after a detailed deliberation, it was decided
that NACIL would come out with a financial restructuring Plan and its
turnaround plan would be closely monitored by Committee of
Secretaries. Thereafter, a Group of Ministers was also constituted to
consider the financial position of NACIL and its request for financial
support.
Accordingly, the financial restructuring plan of NACIL was submitted
before the GOM for consideration in its meetings held on 21st
October, 2009 and 12th November, 2009. The GOM after detailed
discussion, approved the release of funds to the extent of Rs.800
crore in tranches of Rs.400 crore a month in the form of equity and
decided to recommend the equity induction in NACIL for approval of
Cabinet Committee on Economic Affairs.
NACIL's present paid up equity capital of Rs.145 crore is not
sufficient for an aviation company of its size. The company is
currently struggling to address costly legacy assets, a weakening
revenue stream and high cost structure resulting in rising
liabilities.
ad/sh/lv/dk/kol/14:31 hrs.
Press Information Bureau
Government of India
* * * * * *
Cabinet Committee on Economic Affairs (CCEA)
Approval for Investment in Gas Field Development Project of Blocks A-1
and A-3, Myanmar and Participation in Onshore Midstream Pipeline
Company by ONGC Videsh Limited (OVL) and GAIL (India) Limited.
New Delhi: February 18, 2010
CCEA Decision
The Cabinet Committee on Economic Affairs today approved the following:
(i) ONGV Videsh Limited's (OVL's) additional investment up to an
amount of USD 832.54 million including USD 664.7 million for its
Participating Interest (PI) of 20% in Upstream Development Project
with minimum IRR of 12.53% and USD 167.84 million for its share of
8.35% PI in Onshore Midstream Project (i.e. PIPECO-2) with minimum IRR
of 15.5%. This will take total investment by OVL in the project up to
USD 1006.39 million with the break-up of USD 115.77 million as
Exploration cost till 31.10.2009, USD 564.06 million as Upstream
development cost, USD 158.72 million as PIPECO-1 cost and USD 167.84
million as PIPECO-2 cost.
(ii) Authorising ONGC to provide financing/guarantee support for
additional investment by OVL in the project to the extent of USD
832.54 million (i.e. USD 664.7 million plus USD 167.84 million).
(iii) Seeking exemption from Public Investment Board (PIB) route
and also extending the ECS mechanism to GAIL, as available to OVL, for
investments beyond the delegated power of GAIL's Board for its share
of investment as a one time measure for Myanmar Gas Development (up to
10% PI) and PIPECO-2 (4.1735% share) projects.
(iv) GAIL's investments up to an amount of USD 502.06 million
including the Upstream Development Project (USD 361.39 million) and
past cost towards Exploration & Appraisal (USD 56.79 million) for 10%
P.I. of GAIL and USD 83.88 million in onshore pipeline project
(PIPECO-2) for 4.1735% share subject to the condition that GAIL will
also ensure minimum IRR of 12.53% in Upstream Development Project and
minimum IRR of 15.5% in PIPECO-2.
Expenditure Involved: Currently, the Blocks A-1 and A-3 are under
Development Phase with effect from 1.11.2009. As on 31st October
2009, OVL and GAIL (India) Limited had made an investment of USD
115.77 million & USD 56.79 million respectively for exploration in
Blocks A-1 and A-3. The entire project envisages an investment of USD
1006.39 million by OVL and USD 502.06 million by GAIL (India) Limited.
Benefits: The additional investment is expected to provide additional
reserve accretion of hydrocarbons and facilitate production and
marketing of Natural Gas from the Blocks A-1 and A-3 having
participating interest of OVL and GAIL (India) Limited.
Background:
OVL and GAIL (India) Limited had acquired 20% and 10% participating
interest in Block A-1 in January, 2002 and Block A-3 in March, 2006
from Daewoo International corporation (Daewoo) of Korea. The other
Consortium members in the Block are Daewoo as operator with 60% PI and
Korea Gas Corporation (KOGAS), Korea with 10% PI each. CCEA in its
meeting held in October, 2009 considered the investment proposal of
OVL, approved by Participation in the Upstream and Offshore Midstream
sections of the Blocks A-1 and A-3, Myanmar Natural Gas Development
Project by ONGC Videsh Limited and investments up to an aggregate
amount of USD 173.85 Million in Blocks A-1 and A-3 by OVL.
ad/sh/lv/dk/kol/14:32 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Women and Child Development
Grant Management to be more transparent: Krishna Tirath
New Delhi: February 18, 2010
Addressing the delegates of voluntary organizations, Minister of State
for Women & Child Development Smt Krishna Tirath said, transparency in
managing grant system was imperative. She was inaugurating the
National Consultation for Evolving an Efficient Grant Management
System towards Improving GO-NGO Cooperation in WCD schemes.
The Consultation was organized by the Ministry of Women and Child
Development in collaboration with National Institute of Public
Cooperation and Child Development (NIPCCD) during 15-16 February 2010
at New Delhi and its four regional centres.
In view of greater penetration of voluntary organization in far-flung
areas, and their demonstrated capabilities in implementation of
Five-Year plans, they were in better position to manage the issues at
grass-root level, the Minister said. She said, more the number of
voluntary agencies, higher the pace of development. They are the eyes,
ears and legs of the government, she added.
Earlier, after welcoming the Minister and the participants from
various states, the Secretary WCD, Shri D.K. Sikri said that ever
since taking the charge, the Minister had been in continuous touch
with people at grass-root level to have the feel of difficulties at
ground level. The present consultation was meant to have direct
dialogue with voluntary agencies so as to evolve a robust, transparent
and effective grant management system. The National Consultation drew
over 80 representatives from government and voluntary sector from
various parts of the country. The Secretary said, exchange of ideas is
the mantra of development process and the voluntary organizations
should focus on the area of their expertise.
Shri Sikri exhorted the voluntary sector to innovate and implement
schemes for women and children in several areas with greater ease on
wider scale taking advantage of their intimate rapport with local
people, where government intervention was difficult. He also assured
that the government would clear the pending proposals adopting
web-based solutions, soon to be in place.
The Ministry of Women and Child Development is implementing many
schemes with the help of Non-Governmental Organizations (NGOs). The
two-day consultations were organized by NIPCCD in order to seek
cooperation/participation of NGOs in effective implementation of
schemes. The objectives of the consultations were to review the
existing patterns, process and procedure of Grant-in –Aid under
different schemes; identify the complexities and challenges of
disbursal of Grants –in-Aid experienced by voluntary organizations and
the government agencies; bring about transparency and accountability
at various levels and suggest remedial measures for evolving an
efficient Grant Management System to achieve improved GO-NGO
cooperation and for providing better services to the community.
The consultation recommended evolving a transparent grant management
system, various measures of enhancing GO-VO interaction, creation of a
single window system for grant proposals, simplification of
procedures, grievance redressal machinery and online management of
grant proposals. Scheme-specific recommendations were also formulated
during consultation.
The Regional consultations held simultaneously at four regional
centres of NIPCCD located in Bangluru, Guwahati, Indore and Lucknow
were attended by about 300 delegates.
ds/dk/kol/14:32 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Commerce & Industry
Wholesale Price Indices for Primary Articles and Fuel, Power, Light &
Lubricants in India (Base: 1993-94=100)
New Delhi: February 18, 2010
Review for the week ended 6th February, 2010 (17 Magha, 1931 Saka)
The WPI for the week ended 6th February, 2010 in respect of 'Primary
Articles' and 'Fuel, Power, Light & Lubricants' is given below:
PRIMARY ARTICLES (Weight 22.02%):
The WPI for the week ended 6th February, 2010 rose by 0.2 percent to
285.8 (Provisional) from 285.2 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis,
stood at 16.23 percent (provisional) for the week ended 06/02/2010
over (07/02/2009) as compared to 15.75 percent (Provisional) for the
previous week (ended 30/01/2010) and 7.05 percent during the
corresponding week (ended 07/02/2009) of the previous year.
The groups and items for which the index showed variations during the
week are as follows:-
The index for 'Food Articles' group rose by 0.1 percent to 287.5
(Provisional) from 287.3 (Provisional) for the previous week due to
higher prices of moong and poultry chicken (3% each), fish-marine (2%)
and barley and wheat (1% each). However, the prices of urad (4%),
arhar (2%) and eggs, gram, fish-inland and masur (1% each) declined.
The index for 'Non-Food Articles' group rose by 0.7 percent to 257.3
(Provisional) from 255.6 (Provisional) for the previous week due to
higher prices of groundnut seed (5%), niger seed (3%) and raw rubber
(1%). However, the prices of tobacco (4%) and raw cotton and mesta (1%
each) declined.
FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose marginally to 355.5 (Provisional)
from 355.4 (Provisional) for the previous week due to higher prices of
naphtha and aviation turbine fuel (1% each). However, the prices of
bitumen (2%) and furnace oil (1%) declined.
The annual rate of inflation, calculated on point to point basis stood
at 9.89 percent (Provisional) for the week ended 06/02/2010 over
07/02/2009 as compared to 10.44 percent (Provisional) for the previous
week (ended 30/01/2010) and (-)3.03 percent during the corresponding
week (ended 07/02/2009) of the previous year.
Build up inflation over the week, financial year end and over the year
is given below for some important items.
Next date of press release: 25/02/2010 for the week ending 13/02/2010
This press release is available at our home page
http://eaindustry.nic.in
WHOLLESALE PRICE INDEX and INDEX NUMBERS OF WHOLESALE PRICES IN INDIA follows….
rj/mrs/dk/kol/14:32 hrs.
--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/
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