Tuesday, December 15, 2015

India – OPEC dialgoue & Crude at $35 a barrel

 India and OPEC dialogue is of great significance when the Oil prices on Monday plunged to their lowest level since 2009.Indian economy on a surge and prevailing global economic crisis coupled with Syrian and other countries at internal conflicts, the cost of crude fluctuating on dynamic pendulum propels the OPEC to be in India for the regular supply. An outlook on the mega economy of China too is one of a cause for oil market volatility.Russian  charges of ISIS smuggling oil and selling at International seas, at the lowest price, do make the situation worse for the crude price at international market. Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan in a Press interaction with OPEC Member stressed that India is on look for  major supplies from OPEC source and fulfils 80% of India demand thus India- OPEC dialogue is very important. Media interaction of Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan along with OPEC members had animated discussion where OPEC said the oil may not reach bracket of twenties.
OPEC continues high volume production and Iran plans to boost exports. Brent crude was down below $37 a barrel while the US benchmark WTI fell below $35 per barrel.Russian Deputy Finance Minister Maxim Oreshkin said Russia is drawing up plans based on the price fluctuating between $40 and $60 until at least 2022.That scenario would have devastating implications for OPEC, according to Oreshkin. It would also spell disaster for North Sea producers, Brazil’s off-shore projects, and heavily indebted Western producers. “We will live in a different reality,” he added.India will continue to have good growth despite subdued prospect for the Asia Pacific region amid likely increase in US rates, dollar strength, and lower commodity prices, Fitch said while retaining India’s rating. Gobal rating agency has retained the India’s sovereign rating at BBB-/Stable — the lowest investment grade.

Role of CMA in “MAKE IN INDIA”

Cordially invites you to
Press Conference on
Role of CMA in “MAKE IN INDIA”

The session will be addressed by
The  Team of Northern India Regional Council under the leadership of
S.K.BHATT, Chairman, NIRC
for programme in VIGYAN BHAWAN on 18th December,2015
in which Union Minister of State  Sh. Santosh Gangwar consented to be Chief Guest and Smt. Hema Malini,MP consented to be Guest of Honour
Date           :Tuesday, 15th December, 2015
Venue        : CMA Bhawan,4th Floor,(Behind IHC on main Lodhi Road Corner
towards Sai Baba Mandir)
3,Institutional Area,Lodhi Road, New Delhi
Time          : 3:30 pm (Followed by High Tea)
I shall be grateful if you could kindly depute a Reporter and Photographer/Camera team of your esteemed Media Organization to cover the PRESS CONFERENCE.
Best Regards
Media coordinator,


FM Mr. Arun Jaitley to speak on GST

The trade and industry bodies have join hands together to pursue the cause of early implementation of Goods & Services Tax in India and in pursuance of the same we have invited Union Finance Minister Mr. Arun Jaitley for an inter-active session on GST. The Chief Economic Advisor Mr. Arvind Subramaniam and other senior officials of the Government shall also be present at the session.
The event shall be held on Wednesday, the 16th December,2015 at 9.00 a.m. at Convention Hall, Hotel Ashoka, Chanakyapuri, New Delhi.

“2nd SOURYA URJA Puraskar 2015Award Ceremony”

Award Ceremony, Discussions and Deliberations as “Special Invitee” at the “2nd SOURYA URJA Puraskar 2015 – India’s Premier Awards for Solar Power sector” & the “IPSE Awards 2015”.

“2nd SOURYA URJA Puraskar 2015”
& concurrent
“8th EnPOWER Solar 2015” Discussions
Time & Day:
(Timing: 10.30 am onwards until 3.00 p.m. followed by Power Luncheon
“2nd IPSE Awards 2015 – India’s Public Sector Enterprises Awards for Excellence”
Time & Day: 
(Timing: 6:00 am onwards followed by Power Dinner
“The Royal Plaza Hotel (Venetian Hall), 19 Asoka Road, New Delhi”.

At the Outset Greetings to You from Solar Energy Forum of India (SEFI),Renewable Energy Promotion Association (REPA) and our official publication “ENERTIA – Asia’s Premium Journal on Sustainable Energy & Power” &

 PSE Journal – India’s Premier & Pioneering International Quarterly Review on the “Public Sector Enterprises” institutor of the “IPSE Awards – India’s Public Sector Enterprises Awards for Excellence” & its publishing venture MARS Media Resources (MMR) – A Women Enterprise Venture for Androgynous Growth of Indian Economy & Enterprise and the non-profit mother organization“ENERTIA Foundation.!!!!

GCM (Global Cancer Missionwith Theme: “Cancer Must Go” & Working towards Eradication of Cancer in India & Worldwide is the “Associated Supported Cause” of this “2nd IPSE Awards 2015”!!!!

We derive great joy and pleasure in extending our cordial invitation to you, as Special Invitee” at the 2nd SOURYA URJA Puraskar 2015 – India’s Premier Awards for Solar Power sector” & the “IPSE Awards 2015”.
We solemnly seek your Gracious presence on these occasions on even date (Morning Function & Evening Function respectively at the same venue mentioned above).

We look forward to your Valued & Gracious Presence”.

Rajkot IPL Team Roars Aloud at the IPL 9 Auctions

~Successfully bids for star players Suresh Raina, Ravindra Jadeja, James Faulkner, Brendon McCullum and Dwayne Bravo ~

December 15, 2015, Mumbai/Rajkot: Newly formed Rajkot IPL Team owned by Intex Mobiles today announced its first bandwagon of players for the upcoming IPL season 9. In the auctions held for the two newly formed teams, Intex managed to win some of the brightest stars of the game for its team. The bid for this season was held at NCA Grounds in Mumbai, Maharashtra today. At the auction, the team successfully bid for Suresh Raina, Ravindra Jadeja, James Faulkner and Brendon McCullum at rates of 12.5 Cr, 9.5 Cr, 5.5 Cr and 7.5 Cr respectively.  With this, the Rajkot IPL team has set the ball rolling for a star-studded line-up to represent the team in the season 9 of IPL, starting 09th April 2016.
Rajkot IPL Team has managed to pick some brilliant talent at the auctions with players like Suresh Raina, Ravindra Jadeja, Australian all-rounder James Faulkner, Brendon McCullum becomes first overseas player to be picked and their fifth and final player at the draft today was Dwayne Bravo.
Our intent is to put together a really strong team to ensure a thrilling tournament for the fans. I am very happy with the players that we have been able to fix today as they are amongst the best talents in the sports. Being a new team we will inject new ideas and hopefully add lots of excitement to the upcoming season.” stated, Mr Keshav Bansal, Owner, Rajkot IPL Team and Director, Intex Technologies.

“Intex is the leading domestic mobile handset brand in Gujarat and have a huge connect with the people of the state. We are absolutely delighted and it is an honor for us to bring the IPL to the vibrant and cricket loving state of Gujarat.
I am confident of getting the love and support of our fans in Rajkot and all across the state.”added, Mr Keshav Bansal.
Intex Technologies, the No.1 Indian mobile handset brand with a close to 12%  per cent market share in the Indian mobile phone market, hopes the ownership will help it create a brand value synonymous to the state, only cementing its positioning as a brand of Indian origin.
About Intex Technologies
A diversified technology firm with a turnover of INR 4000 crore ($600 Million) and 8000 employees, Intex Technologies has been in the business of mobile handsets, consumer durables and IT products since the last two decades. Intex Technologies is well entrenched in the country’s geography via a network comprising 1100+ distributors and 80,000+ dealers, besides a presence in organized retail chains and e-commerce sites. Intex Technologies’ 1100+ service centers across India cater to even the remotest consumer of the country. The company has state-of-the-art manufacturing facilities in India and Research and Development activities in India & China, which enable the company to be a pioneer of technology across categories of business.

Bank Funded Polluting Cars in Delhi COMPULSORY Business

December15, 2015 (C) Ravinder Singh progressindia2015@gmail.com

When GDP of Delhi could be close to Rs.6,00,000 Cr for FY2015-16, VAT Collection from Car Sales & Fuels Sales is barelyRs.2,500 Cr EACH or just 0.8% for both of Delhi GDP when Cars occupy all the roads & parking spots TWICE – in day time at place of work and at night at home on city streets.
‘Motor Vehicle Pollution Charge – Cost of A Banana’
8 million Private Cars & Two Wheelers Contribute Just Rs.2,000 Cr [80% of VAT On Motor Fuels] is Barely Rs.2,500 Per Motor Vehicle Annually or Rs.7/Day – A Banana Cost More Than Pollution Charge or Rs.3 For A Motor Cycle & Rs.20 For A Car On Avg.

Why Can’t Delhi Charge ‘Pollution Tax’ on Private Motor Vehicles @ Rs.10/Day Motor Cycles and Rs.50 to Rs.300/Day For Small Cars to Luxury Cars, ELECTRONICALLY Charged Every Time Private Motor Vehicles Hit Main Roads? – Collect Rs.10,000 Cr and Fund Subsidize Public Transport, Invest in Healthcare, Education, Better CLEAN Transport, CLEAN ENERGY, CLEAN INDUSTRY ETC.
VAT tax rate in Delhi at 12.5% means Bank Fund Rs.20,000 Cr to buy cars, overRs.25,0000 Cr to buy Private cars and motor cycles in Delhi.

An Accountant in 1993 told me that his Company Earns Rs.2 Cr on Turnover of Rs.10 Cr or 20% margin but declare just Rs.10,00,000 only or 1% of turnover as profits – PAY NO IT, all adults own Luxury Cars, spend vacations with Family in Switzerland and get much more than declared income as Tax Concessions and Promotions.

In Business or Job Best Way to Minimize IT payment is to Buy a BMW or A Maruti Car Which is Quick &  Require No Permission – and also Claim Rs.50,000 a month or Rs.12,000 Per Month as Travel Cost.


To claim Rs.6,00,000 annual fuel bill a business or Rs.1,50,000 for a Job THEY ARE COMPELLED TO TAKE TO OFFICE/SHOP On All Working Day & Night even when Public Transport is Cheaper. Low Resale Value of MV due to Bank Finance, Tax Evasions Pollute Air.


Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,



The last Session of the Parliament did not function. The current Session of the Parliament is also threatened with a wash out. The reasons for the wash out of the current Session keep changing by the hour. The nation is waiting for the Parliament to discuss public issues, to legislate and approve a historic Constitution Amendment enabling the GST. All this is being indefinitely delayed. The question we need to ask ourselves is, “are we being fair to ourselves and this country?”
Today, I re-read a speech on the Parliamentary system by Pandit Jawahar Lal Nehru. It was delivered on 28th March, 1957 – the last day of First Lok Sabha. The speech is a must read for all of us. An important paragraph of the speech reads thus:
“Here, we have sat in this Parliament, the sovereign authority of India, responsible for the governance of India. Surely, there can be no higher responsibility or greater privilege than to be a member of this sovereign body which is responsible for the fate of the vast number of human beings who live in this country. All of us, if not always, at any rate from time to time, must have felt this high sense of responsibility and destiny to which we had been called. Whether we were worthy of it or not is another matter. We have functioned, therefore, during these five years not only on the edge of history but sometimes plunging into the processes of making history.”
Those who claim the legacy of Pandit ji must ask themselves the question, what kind of history are they making.

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