CHOPPER FLYING WITH MAHARASHTRA CM FADNAVIS ON-BOARD CRASH LANDED
A chopper flying with Maharashtra Chief Minister Devendra Fadnavis on-board crash landed at Nilanga in Latur district today. The chief minister and the team in the chopper have escaped unhurt.
The helicopter developed a technical snag during take off, causing it to crash land.
Soon after the mishap, Mr. Fadnavis in a tweet confirmed that the helicopter had met with an accident. He assured that there was nothing to worry about and he and his team were absolutely safe.
Mr. Fadnavis had gone to Latur in Marathwada for BJP’s Shivir Samvad Sabha, a statewide campaign to reach out to farmers in the state.
A senior official of the Directorate General of Civil Aviation, DGCA, said, the chopper has suffered substantial damage. Talking to reporters at Nilanga, Mr Fadnavis said, his media advisor Ketan Pathak has suffered minor injuries.
The Chief Minister said, it was a new helicopter and he will seek information from police on the incident.
MANCHESTER ATTACK AFTEREFFECTS
Pop star Ariana Grande today suspended her tour until early June at the earliest after a deadly attack on her show in Manchester that left 22 people dead.
A statement from her management at Universal Music said that Grande will cancel shows scheduled tomorrow and on Friday at London’s 02 Arena as well as concerts through June 5 in Belgium, Germany, Poland and Switzerland.
Grande is tentatively scheduled to resume the tour on June 7 at the Bercy arena in Paris.
Britain’s political parties would resume local-level campaigning tomorrow for the June 8 snap polls following a nationwide minute’s silence, days after suspending efforts due to the Manchester terror attack in which 22 people were killed and over 100 injured.
Officials said that the ruling Conservatives and Opposition Labour will resume national-level campaigning on Friday.
The UK will hold the nationwide minute’s silence at 1530 IST tomorrow in memory of the victims of Monday night’s terror attack, officials said in a statement, adding that flags would remain at half-mast until tomorrow evening.
A 22-year-old Libyan-origin suicide bomber, Salman Abedi, set off a powerful homemade bomb at a concert of US pop star Ariana Grande in Manchester, killing at least 22 people and injuring 119 others. It was the deadliest terror attack in Britain since the 2005 London bombings.
Prime Minister Theresa May last month called for snap elections on June 8, asserting that it is the only way to guarantee political stability in the country for years after the UK leaves the European Union.
UK Prime Minister Theresa May will raise concerns with US President Donald Trump after evidence from the Manchester Arena bombing was apparently leaked to US media.
UK officials were furious when photos appearing to show debris from the attack appeared in the New York Times. Monday night’s attack at Manchester Arena killed 22 people – including children – and injured 64.
Eight men are now in custody following the attack, carried out by suicide bomber Salman Abedi.
The Prime Minister is expected to raise the issue of the leak with the US President when they meet at a NATO summit later. Details about Abedi’s identity had already emerged in the US media less than 24 hours after the explosion and against the UK’s wishes.
UK, seven people have been arrested including the suicide bomber Salman Abedi’s older brother Ismail, in connection with Monday’s terror attack at a Manchester Arena pop concert.
British police said, the seventh arrest was made following searches at an address in the town of Nuneaton in central England, and is the first outside the Manchester area.
All the previous arrests were made in and around Manchester in northwest England where the suicide bombing took place. The UK terror threat level is now at its highest level of critical, meaning more attacks may be imminent. Military personnel are being deployed to protect key sites after the UK’s terror threat level was raised yesterday.
Meanwhile, a British official said, Prime Minister, Theresa May will curtail her trip to the G7 summit in Italy this week following the deadly suicide attack. Prime Minister will attend the first day of the Group of Seven meeting tomorrow in Taormina on the island of Sicily, but will miss the Saturday talks.
Before heading to Sicily, May is due to attend the NATO, summit in Brussels today, where she will urge the other leaders of the military alliance to step up their efforts in tackling terror.
Suicide bomber Salman Abedi killed 22 people including children and injured 64 at Manchester on Monday, just moments after the ending of a pop music show featuring American singer Ariana Grande.
UN REJECTS PAKISTAN CLAIM THAT INDIAN TROOPS FIRED AT ITS OBSERVERS NEAR LOC
United Nations has rejected Pakistani army’s claim that Indian troops fired at a vehicle carrying UN military observers near the Line of Control.
UN Secretary General Antonio Guterres’ spokesperson Stephane Dujarric said there was no evidence that a vehicle of United Nations Military Observer Group in India and Pakistan, UNMOGIP, was targeted by the Indian Army along the LoC near the Khanjar sector.
Talking to reporters Mr Dujarric said, UNMOGIP military observers accompanied by Pakistani Army escorts heard gunshots in Bhimber district in Pakistan-administered Kashmir. He said, no UN military observer was injured in the incident.
In a statement, the media wing of the Pakistan Armed Forces, the Inter-Services Public Relations, ISPR, had said that a vehicle carrying two officers of the UN military observer group came under attack by Indian troops during a visit to the LoC.
The Pakistan Army had claimed the vehicle was carrying UNMOGIP officers Major Emmanual of the Philippines and Major Mirko of Croatia.
According to the UN Security Council mandate of 1971, UNMOGIP observes and reports on ceasefire violations along and across the LoC and the Working Boundary between India and Pakistan in Jammu and Kashmir.
India has maintained that UNMOGIP has outlived its utility and is irrelevant after the Simla Agreement and the consequent establishment of the Line of Control.
The observer group is headed by Major Gen Per Lodin of Sweden. It currently has 38 military observers and 73 civilian personnel.
CEAT CRICKET RATING FELICITATES R ASHWIN AS INTERNATIONAL CRICKETER OF THE YEAR
CEAT Cricket Rating felicitates R Ashwin as International Cricketer of the Year
- CEAT Young player of the year goes to Shubman Gill
Mumbai, May 24th, 2017: Leading tyre manufacturer CEAT Limited celebrated the success and glory of International cricket with ‘CEAT Cricket Rating (CCR) International awards 2017’ at a ceremony here today. The awards honored the best of International cricketers based on their performances as rated by the CEAT Cricket ratings (CCR) for the year 2016 – 2017.
CEAT Cricket Rating (CCR) is the first cricket rating to officially recognise and reward cricketers for their performances in the international cricket arena.
Mr. Harsh Goenka, Chairman, RPG Enterprises, said, “Last year saw a lot of explosive action across all formats of cricket. The year saw some outstanding performances, but some individuals broke away from the pack owing to their blistering and consistent performances throughout the year. Their performances from time to time brought joy to our faces and we are delighted to felicitate one of them at this year’s CEAT Cricket Rating Awards. We would like to congratulate R Ashwin and young Shubman Gill for entertaining us throughout the year and would like to wish them the best for the upcoming season.”
In the past, the awards have honored the best of the International cricketers based on their performances in international cricket in all formats, i.e. Test, ODI and T20, as rated by the CEAT Cricket ratings (CCR) council.
India’s Right Arm Off break R Ashwin was announced as the CEAT International Cricketer of the Year for finishing a scintillating year with 99 wickets, which included 9 five wicket hauls. Rewarding and encouraging young talent, India’s Shubman Gill who played a great role in Indian U-19 win against England, amassing a whopping 603 runs in 9 games at an impressive average on 67, was awarded as CEAT Young Player of the Year.
“Last year I was honored with the International Bowler of the Year award. And it’s only become bigger and better with this award – The CEAT International Cricketer of the Year. It’s an absolute honor to receive this award and given the players who have won this award before me, it’s a huge motivator as well to keep the consistency going. I would like to thank CEAT for their token of appreciation. I am thrilled and feel privileged to be part of an exclusive club,” said R Ashwin on receiving the honors.
Speaking on the occasion cricket legend and the chief adjudicator of the CEAT Cricket Rating, Mr. Sunil Gavaskar said, “The CEAT International Cricket Awards are one of the most coveted awards in the cricketing world simply because they are given purely on performance and not on any subjective likes or dislikes.”
This year CEAT announced its association with India’s swashbuckling batsman Ajinkya Rahane, thus strengthening the CEAT roster along with Suresh Raina, Rohit Sharma & former India Under-19 captain Ishan Kishan.
ABOUT THE CEAT CRICKET RATINGS AWARDS:
The CEAT Cricket Rating was the first rating system in international cricket to recognize and reward outstanding performers in cricket on an annual basis. Conceived in 1995 by CEAT, the CEAT Cricket Rating attempted to answer every cricket-lover’s persistent and perennial query – “Who is the best of the best?”
The CEAT Cricket Rating stands out by virtue of its simplicity. It comprises an objective points system that awards points to cricketers for their batting, bowling and on-field performances.
The cricketer that accumulates the highest number of points in their respective categories at the end of the period are declared the CEAT Cricket Rating International Cricketer.
The past winners of the CEAT Cricket Rating have been:
Year
|
Cricketer of the Year
|
1995-96
|
Brian Lara
|
1996-97
|
Venkatesh Prasad
|
1997-98
|
Sanath Jayasuriya
|
1998-99
|
Jacques Kallis
|
1999-00
|
Sourav Ganguly
|
2000-01
|
Muttiah Muralitharan
|
2001-02
|
Muttiah Muralitharan
|
2002-03
|
Ricky Ponting
|
2003-04
|
Brian Lara
|
2004-05
|
Jacques Kallis
|
2005-06
|
Ricky Ponting
|
2006-07
|
Muthiah Muralitharan
|
2007-08
|
Mahela Jayawardene
|
2008-09
|
Gautam Gambhir
|
2009-10
|
Shane Watson
|
2010-11
|
Jonathon Trott
|
2011-12
|
Virat Kohli
|
2013-14
|
Virat Kohli
|
2014-15
|
Kumar Sangakkara
|
2015-16
|
Joe Root
|
The adjudicators: The CEAT CRICKET RATINGS are overseen by cricketing legend Sunil Gavaskar, who is the adjudicator for the ratings.
CEAT Ltd (www.ceat.com):
CEAT, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India’s leading tyre manufacturers and has strong presence in global markets. CEAT produces over 15 million tyres a year and offers the widest range of tyres to all segments and manufactures world-class radials for: heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles and scooters as well as auto-rickshaws.
RPG Enterprises (www.rpggroup.com):
Mumbai head-quartered RPG Enterprises is one of India’s largest industrial conglomerates. With over 15 companies in its fold, the group has a strong presence across core business sectors such as Infrastructure, Tyre, IT and Specialty. Established in 1979, RPG Enterprises is one of India’s fastest growing business groups with a turnover in excess of Rs 21,000 crore.
INDIA-COMMONWEALTH SME ASSOCIATION
Mr Naresh Kumar Sagar
Chairman
Sagar Media INC
Dear Mr Sagar,
Greetings from India-Commonwealth SME Association (ICSA) and Federation of Indian Micro and Small & Medium Enterprises (FISME), one of the founder Members of ICSA.
We thank you for your interest to participate in the 1st India – Commonwealth SME Trade Summit to be held on 30th & 31st May 2017 at hotel The Lalit, Barakhamba Avenue, Connaught Place, New Delhi. The Summit is being organized by ICSA in partnership with Commonwealth Secretariat, Centre for WTO Studies; Ministry of Commerce & Industry; FISME, FICCI, CII, GBS-Africa; TPSF; COMESA LLPI and India Business Group, London.
Kindly note, the online registration done by you on ICSA website has been received by us and we here by confirm your participation on a complimentary basis. KINDLY NOTE, YOUR REGISTRATION NO. IS 286. We look forward to meeting you on 30th & 31st May 2017 at Hotel Lalit (Ball Room), New Delhi.
Further, we would be sending you very shortly information about overseas visitors and updated agenda.
In the meantime, please feel free to write or contact us on any of the numbers below for any addition information or clarification that may be required in the matter.
Thanks and with best regards
DECISIONS TAKEN BY THE UNION CABINET
Economy so far (May 25, 2017)
Income Tax Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016 – The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November, 2016. The Prohibition of Benami Property Transactions Rules, 2016 have been framed in this regard. As per the Act, Benami property includes movable or immovable property, tangible or intangible property, corporeal or incorporeal property. It empowers provisional attachment and subsequent confiscation of benami properties.
Boost to Metro Rail Connectivity Cabinet approves Noida – Greater Noida Metro Rail Project – The Union Cabinet has approved the Noida – Greater Noida Metro Rail Project covering a length of 29.707 k.m. Total completion cost of the project is Rs.5,503 crore. Metro rail connection between NOIDA and Greater NOIDA will result into people being assured about their mobility and thus more people will like to move to these satellite towns of Delhi , thus decongesting Delhi . As a result, more residential and commercial complexes will develop in this region.
Cabinet approves phasing out Foreign Investment Promotion Board – The Union Cabinet has given its approval to the phasing out of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to process applications for FDI requiring government approval. Henceforth, the work relating to processing of applications for FDI and approval of the Government thereon under the extant FDI Policy and FEMA, shall now be handled by the concerned Ministries/Departments in consultation with the Department of Industrial Policy & Promotion(DIPP), Ministry of Commerce, which will also issue the Standard Operating Procedure (SOP) for processing of applications and decision of the Government under the extant FDI policy.
Green energy can create 58,000 jobs in India by 2022 – Employment opportunities in India ’s renewable energy sector are going to almost double by 2022, according to the International Renewable Energy Agency (IRENA). The Council on Energy Environment and Water and the National Research Development Corporation project that utility and park scale PV (photovoltaic) projects through 2022 could create 58,000 direct jobs in India . IRENA estimates that employment in India ’s renewable energy sector has grown to 60,500 in 2016 from 48,000 jobs in 2015.
Cabinet approves allocation of 2.5% of Central Road Fund for development and maintenance of National Waterways (NWs) by amending in the Central Road Fund Act, 2000 – The Union Cabinet has accorded its approval today to a proposal jointly mooted by the Ministry of Shipping and the Ministry of Road Transport & Highways (MoRTH) for amendment of Central Road Fund Act, 2000 to allocate 2.5% of the proceeds of Central Road Fund (CRF) for development and maintenance of National Waterways (NWs) and a reduction in the share provided for development of National Highways.
Cabinet approves Raising of Bonds of Rs. 2360 crores for Renewable Energy – The Union Cabinet has given its approval to Raising of Bonds of Rs. 2360 crores for Renewable Energy. The Bonds will be raised by the Ministry of New & Renewable Energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA) during the 2017-18. These funds will be used by MNRE in the approved programmes/schemes for solar park, green energy corridor, generation-based incentives for wind projects, CPSU and defence solar projects, viability gap funding for solar projects, roof-top solar, off-grid/grid-distributed and decentralized renewable power, investment in corporations and autonomous bodies etc.
Cabinet approves policy for providing preference to ‘Make in India ‘ in Government procurements
The Union Cabinet chaired by the Hon’ble Prime Minister Shri Narendra Modi has approved a policy for providing preference to ‘Make in India ‘ in government procurements. The new policy will give a substantial boost to domestic manufacturing and service provision, thereby creating employment. It will also stimulate the flow of capital and technology into domestic manufacturing and services. It will also provide a further thrust towards manufacture of parts, components, sub-components etc. of these items, in line with the vision of ‘Make in India ‘.
The new policy is the reflection of the Government of India to encourage ‘Make in India ’ and promote manufacturing and production of goods and services in India with a view to enhancing income and employment. Procurement by the Government is substantial in amount and can contribute towards this policy objective. Local content can be increased through partnerships, cooperation with local companies, establishing production units in India or Joint Ventures (JV) with Indian suppliers, increasing the participation of local employees in services and by training them.
v Cabinet apprised of Memorandum of Understanding (MoU) between India and Bangladesh on cooperation in the peaceful uses of outer space
The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and Bangladesh on cooperation in the peaceful uses of outer space. The MoU was signed at New Delhi in April, 2017. This MoU shall enable the areas of cooperation such as, space science, technology and applications including remote sensing of the earth; satellite communication and satellite based navigation; Space science and planetary exploration; use of spacecraft and space systems and ground system; and application of space technology.
The MoU would lead to set up a Joint Working Group, drawing members from Department of Space/ Indian Space Research Organisation (DOS/ISRO), and the Bangladesh Telecom Regulatory Commission (BTRC), which will further work out the plan of action including the time-frame and the means of implementing this MoU. It will provide impetus to explore newer research activities and application possibilities in the field of remote sensing of the earth; satellite communication; satellite navigation; space science and exploration of outer space.
Financing of works carried out under this MoU shall be provided by the respective executive organisation with due consideration of national norms and rules concerning budgetary regulations in force in their respective States and within the limits of available resources. Joint projects and works carried out under this MoU depending on the type and field of activity shall be on non-commercial or commercial basis and shall be executed either without mutual payments or on the basis of compensatory arrangements or contracts. The MoU would lead to develop a joint activity in the field of application of space technologies for the benefit of humanity. Thus all sections and regions of the country will get benefited.
v Boost to Metro Rail Connectivity Cabinet approves Noida – Greater Noida Metro Rail Project
The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi has approved the Noida – Greater Noida Metro Rail Project covering a length of 29.707 k.m. Total completion cost of the project is Rs.5,503 crore. Metro rail connection between NOIDA and Greater NOIDA will result into people being assured about their mobility and thus more people will like to move to these satellite towns of Delhi , thus decongesting Delhi . As a result, more residential and commercial complexes will develop in this region. With metro rail in place, there will be less vehicular traffic on roads leading to less congestion, less time and cost of journey, less consumption of fossil fuel and less environmental pollution. People of Noida-Greater Noida, which has a population of approx. 7.50 Lakhs and people of surrounding areas will be benefitted with this metro link.
Project will be implemented by Noida Metro Rail Corporation Limited, which will be a 50:50 jointly owned company of Govt. of India and Govt. of Uttar Pradesh. The existing Noida Metro Rail Corporation Limited (NMRCL) which is a State owned Special Purpose Vehicle (SPV) will be converted into a joint SPV of Government of India (Gol) and Government of Uttar Pradesh (GoUP), for implementation of the project. The project would generate significant direct and indirect employment of skilled, semi-skilled and unskilled workforce. Substantial indirect employment will also be generated during construction and operation phases.
The project is scheduled to be completed by April, 2018 as per the Detailed Project Report (DPR). About 70% progress of civil work and 40% of overall financial progress of the project have been achieved. Project will be covered under the legal framework of Central Metro Acts, Metro Railways (Construction of Works) Act, 1978 and the Metro Railways (Operation and Maintenance) Act, 2002, as amended from time to time.
v Cabinet approves Raising of Bonds of Rs. 2360 crores for Renewable Energy
The Union Cabinet chaired by the Hon’ble Prime Minister Shri Narendra Modi has given its approval to Raising of Bonds of Rs. 2360 crores for Renewable Energy. The Bonds will be raised by the Ministry of New & Renewable Energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA) during the 2017-18. These funds will be used by MNRE in the approved programmes/schemes for solar park, green energy corridor, generation-based incentives for wind projects, CPSU and defence solar projects, viability gap funding for solar projects, roof-top solar, off-grid/grid-distributed and decentralized renewable power, investment in corporations and autonomous bodies etc. Such timely investment would boost infrastructure in renewable sector and facilitate achievement of ambitious targets for the renewable energy sector. The resources raised would be used for developing additional capacity in renewable energy sector which would result in generation of additional employment.
v Cabinet approves Joint Declaration of Intent between Germany and India regarding cooperation in the sector of alternative medicine
The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi has approved the Joint Declaration of Intent (JDI) between Germany and India regarding cooperation in the sector of alternative medicine. The signing of the JDl will enhance bilateral cooperation between the two countries in the areas of traditional/alternative medicine. Initiation of collaborative research, training and scientific capacity building in the field of alternative medicine under the JDI between the two countries would contribute to the enhanced employment opportunities in the AYUSH sector. There are no additional financial implications involved. The financial resources necessary to conduct research, training courses, conferences / meetings will be met from the existing allocated budget and existing plan schemes of Ministry of AYUSH.
v Cabinet approves phasing out Foreign Investment Promotion Board
The Union Cabinet chaired by the Hon’ble Prime Minister Shri Narendra Modi has given its approval to the phasing out of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to process applications for Foreign direct investment (FDI) requiring government approval. Henceforth, the work relating to processing of applications for FDI and approval of the Government thereon under the extant FDI Policy and Foreign Exchange Management Act (FEMA), shall now be handled by the concerned Ministries/Departments in consultation with the Department of Industrial Policy & Promotion(DIPP), Ministry of Commerce, which will also issue the Standard Operating Procedure (SOP) for processing of applications and decision of the Government under the extant FDI policy. In addition, Foreign Investors will find India more attractive destination and this will result in more inflow of FDI. The move will provide ease of doing business and will help in promoting the principle of Maximum Governance and Minimum Government.
v Cabinet approves Memorandum of Understanding (MoU) between Spain and India on cooperation in the field of Organ Transplant Services
The Union Cabinet chaired by the Hon’ble Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between the National Transplant Organization, Ministry of Health, Social Services and Equality, Spain and the Directorate General of Health Services, Ministry of Health and Family Welfare, India on cooperation in the field of Organ Transplant Services. The MoU would facilitate bilateral cooperation in the field of organ and tissue procurement and transplantation and better understanding between the two countries. The knowledge gained will help in improving the services rendered to the patients suffering from end stage organ failure. The Memorandum of Understanding is proposed to be signed during the forthcoming bilateral meeting with the Spanish side.
v Cabinet approves construction of electrified third line between Manmad-Jalgaon in Maharashtra
The Cabinet Committee on Economic Affairs, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has approved the construction of electrified third line between Manmad-Jalgaon in Maharashtra . The total length of the Manmad-Jalgaon line will be 160 km. The estimated cost of the Project will be Rs.1035.16 crore with expected completion cost of Rs.1198.92 crore. The project is likely to be completed in next five years. Construction of third line will greatly ease the ever increasing passenger and freight traffic on Manmad-Jalgaon route thereby increasing the revenue of Railways. Jalgaon and Nashik districts of Maharashtra will be covered by this route.
v Cabinet approves setting up of new AIIMS in Kamrup, Assam
The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has given its approval for establishment of new AIIMS at Kamrup (North Guwahati Revenue circle). The cost of the project is Rs.1123 crore and it will be set up under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY). The new AIIMS will be completed in a period of 48 months from the zero date (that is the date of the approval of Government of India), broadly comprising a pre-construction phase of 15 months, a construction phase of 30 months and stabilization / commissioning phase of three months.
The Institution will consist of a hospital with a capacity of 750 beds, trauma center facilities, medical college with an intake of 100 MBBS students per year, nursing college with an intake of 60 B.Sc. (Nursing) students per year, residential complexes and allied facilities / services, broadly on the pattern of AIIMS, New Delhi. The hospital will have 22 Speciality/Super-Speciality Departments including 16 Operation Theaters. It will also have an AYUSH department with 30 beds for providing treatment facilities in traditional system of medicine.
v Cabinet approves allocation of 2.5% of Central Road Fund for development and maintenance of National Waterways (NWs) by amending in the Central Road Fund Act, 2000
The Union Cabinet chaired by the Hon’ble Prime Minister Shri Narendra Modi has accorded its approval today to a proposal jointly mooted by the Ministry of Shipping and the Ministry of Road Transport & Highways (MoRTH) for amendment of Central Road Fund Act, 2000 to allocate 2.5% of the proceeds of Central Road Fund (CRF) for development and maintenance of National Waterways (NWs) and a reduction in the share provided for development of National Highways. The Cabinet has also directed that while implementing viable National Waterways projects, all such components that can be done on PPP basis, should be explored accordingly and government funding may be used only if private investment is not forthcoming for any component. The Central Road Fund (Amendment) Bill, 2017 would be moved by the Ministry of Road Transport & Highways in the ensuing Monsoon Session, 2017 of the Parliament.
v Cabinet approves transfer of property of Hotel Janpath, New Delhi to Ministry of Urban Development
The Cabinet Committee on Economic Affairs, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has given its ‘In Principle’ approval to transfer the property of Hotel Janpath, New Delhi to Ministry of Urban Development. Hotel Janpath is located in a prime central location of the city. The property can be considered for construction of Government offices and similar purposes which would save government funds spent in hiring of government offices.
Details of implementation of the project, land usages, etc. would be taken subsequently by a Committee of Secretaries to be constituted under the chairmanship of Cabinet Secretary. The building of Hotel Janpath has to undergo major rehabilitation work since the building structure of Hotel Janpath has been found to be unserviceable, in distressed condition and deficit in the context of seismic requirements, according to the inspection report of IIT Roorkee.
v Cabinet approves Fair and Remunerative Price payable by sugar mills for 2017-18 sugar season
The Cabinet Committee on Economic Affairs, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has given its approval for fixing the Fair and Remunerative Price (FRP) of sugarcane at Rs. 255/- per quintal (qt) for sugar season 2017-18 linked to a basic recovery rate of 9.5% subject to a premium of Rs. 2.68 per qtl for every 0.1% point increase in recovery above that level. The approved FRP reflects an increase of 10.87% over the FRP of sugar season 2016-17. The FRP so approved shall be applicable for purchase of sugarcane from the farmers in the sugar season 2017-18 by the sugar mills. The move is a reflection of the Government’s pro-farmer initiatives, keeping in mind the interest of sugarcane farmers and importance of the sugar industry.
‘BIG DATA FOR BIG IMPACT’
SPECIAL INVITATION
‘BIG DATA FOR BIG IMPACT’
Celebrating World Telecommunication Day 2017
May 26, 2017; 2.30 pm at PHD House, New Delhi
(Pre-registration is compulsory)
Dear Sir/ Madam,
Greetings from PHD Chamber of Commerce and Industry!
It is our pleasure to cordially invite you and representatives from your reputed organization to be an eminent part of PHDCCI’s annual flagship programme ‘BIG DATA FOR BIG IMPACT’ celebrating the World Telecommunication Day 2017 on May 26 at 2.30 pm at PHD House, New Delhi.
Hon’ble Minister of State for Communications, Government of India, Mr. Manoj Sinha has been invited to grace the occasion as theChief Guest. Other eminent dignitaries from the Telecommunications Department, Ministry of Telecommunications; eminent Ambassadors, High Commissioners and other relevant industry experts shall also be sharing their experiences.
The brochure is attached for your kind reference. Needless to say, your presence will be a big motivator for the industry.
Other bureaucrats, captains of the industry and many more stakeholders from the sector and allied industries including Information Technology, Telecom Operators, Data Analytic Service Providers will also be joining us, adding value to the deliberations.
Please register on the link mentioned below:
We look forward to welcome you on the occasion.
SONY AIMS TO POST AN OPERATING PROFIT OF 4.5 BILLION DOLARS
Japan electronic company, Sony has set a target for the current business year of logging its highest operating profit in two decades.
President and CEO Kazuo Hirai reported on the firm’s 3-year plan for fiscal 2015 to 2017.Kazuo said Sony aims to post an operating profit of at least 500 billion yen, or 4.5 billion dollars, in the plan’s final year. He expressed confidence that the target will be achieved.
Hirai said the firm will focus on high value-added products in the TV business. It plans to increase sales of 4K ultra high-definition sets to more than 70 percent of its overall sales, up from 60 percent in the last fiscal year.
Sony also plans to emphasize high-profit sectors such as gaming and music.
Hirai ffurther added turning around the company’s film business may take time. The sector logged a loss of one billion dollars in fiscal 2016.
Hirai said the company is now strong enough to hit the targets. He said fiscal 2017 is an important year for achieving results
SALMAN ABEDI BLEW HIMSELF UP AT MANCHESTER
British police suspect a 22-year-old man carried out the bomb attack in Manchester that killed 22 people and injured 59.Britain raised its terror threat level to critical, meaning a new attack is believed to be imminent and soldiers are being deployed to assist armed police.
Greater Manchester Police confirmed earlier today [Tuesday], the perpetrator was Salman Ramadan Abedi, a 22-year-old who was born and brought up in Britain.
And as the emergency services have confirmed throughout the day, his victims were innocent children, young people and their families.
Our thoughts and prayers are with them all.
British PM May said,I have just chaired another meeting of Cobra, where we again discussed the callous and cowardly terrorist attack in Manchester last night, and the operational response from the security service, the police and other emergency services.
It remains the case that, other than the terrorist himself, 22 people were killed in the attack. Fifty-nine people remain injured, and many of them have life-threatening conditions.
Trains between Manchester Piccadilly and #ManchesterAirport are now running normally. as per Mcr city council tweets.
British Prime Minister Theresa May said that it is a possibility we cannot ignore that there is a wider group of individuals linked to this attack, after a suicide bomber killed 22 people, including children, at a pop concert late Monday in Manchester.
Addressing the nation from her Downing Street residence, May said armed police who would usually protect strategic points would be replaced by members of the armed forces under Operation Temperer.
The terror threat level was previously set at severe, which means an attack is highly likely. A critical level means an attack is expected imminently.
The police said on Tuesday that Salman Abedi blew himself up at Manchester Arena on Monday night after a concert by US singer Ariana Grande.
Local media say Abedi lived in southern Manchester and that he was born in Britain to parents who had emigrated from Libya.
Investigators have raided his purported home and another location. They detained a 23-year-old man for a suspected role in the bombing.
Local media are also reporting that the dead include an 8-year-old girl and teenagers. They also say 12 of the injured are under the age of 16.
The Islamic State militant group has issued a statement claiming its involvement in the attack.
Many people gathered in a square in central Manchester for a vigil on Tuesday evening.
Britain’s Prime Minister Theresa May has raised her nation’s threat level to the highest level after the deadly suicide attack in the city of Manchester.
May was speaking to reporters after a meeting of her government’s crisis response committee on Tuesday.
She said that on the basis of investigations, the thereat level should be increased for the time being from “severe” to “critical.” The level means another attack may be imminent.
She said that on the basis of investigations, the thereat level should be increased for the time being from “severe” to “critical.” The level means another attack may be imminent.
The prime minister said the government is mobilizing military forces to patrol the streets and protect key sites.
Barack ObamaVerified account @BarackObama
Our hearts go out to those killed and wounded in Manchester. Americans will always stand shoulder to shoulder with the people of the UK.
It is the first time the threat level in Britain has been raised to critical since June of 2007
DUTERTE DECLARES MARTIAL LAW IN MINDANAO
Philippine President Rodrigo Duterte has placed the country’s southern island of Mindanao under martial law to put down local Muslim extremists fighting government security forces.
The group is linked to the Islamic State militants.
Duterte declared martial law on Tuesday evening for the entire island of Mindanao and some island groups in the region.
Fighting broke out earlier on Tuesday in Marawi City on Mindanao between security forces and an armed group called the Maute.
The Philippine military says at least 5 soldiers were wounded and that fighting is still under way.
It is the third time since the end of World War 2 that marital law has been imposed in the Philippines. The military will control designated areas for 60 days and will be allowed to detain suspects without warrants.
The Maute group, based in western Mindanao, has pledged allegiance to the Islamic State militants. Its dozens of members have coordinated with Abu Sayyaf, also allied with the Islamic State group, to carry out explosions and other anti-government attacks around the Philippines.
Duterte has repeatedly indicated that he would declare martial law to fight the militants. Opposition parties and others have objected, citing human rights concerns.
INDIA TO INVEST IN AFRICA
Prime Minister Modi said he will work with Japan to speed up investment in infrastructure and human resources development in Africa.
PM Mr Modi had inaugurated the 52nd Annual Meeting of African Development Bank (AfDB) at Gadhinagar in Gujarat yesterday. Prime Minister highlighted the strong ties between India and Africa and the infinite avenues of cooperation. He spoke on India-Africa links be it in energy, culture, education, IT and other areas which illustrate our dynamic and vibrant relationship.
Mr Modi also shared insights of how Government of India’s reform to transform approach is bringing desired results and positively impacting lives. Mr Modi said he had productive meetings with distinguished leaders who had joined the annual meetings.
Narendra Modi was speaking in the western state of Gujarat on Tuesday at the annual meeting of the African Development Bank.
Nearly about 3,000 financial representatives are attending from 54 African countries and other nations.
Modi said he has made Africa a top priority of India’s foreign and economic policy since taking office 3 years ago.
Many businesses and immigrants have been successful in Africa. Some Japanese firms are trying to enter the market using Indian networks, while Indian firms hope to take in Japan’s technology.
The Japanese government last year unveiled a plan to invest about 3 trillion yen, or about 27 billion dollars, in Africa over the next 3 years.
Prime Minister Narendra Modi has said that strengthening relations with Africa has been a priority of NDA Government and his Government have achieved remarkable progress in it.
In a series of tweets yesterday, Prime Minister said, India-Africa economic ties are getting better and this is not confined to governments only, but the role of the private sector is also noteworthy.
PARK GEUN-HYE IN COURT FOR BRIBERY TRIAL
Park was seen emerging from a Justice Ministry bus in handcuffs before being escorted into the Seoul courtroom by police. It was her first public appearance since she was jailed on March 31.
Presiding judge Kim Se-Yun asked her: “What is your occupation, the accused Park Geun-hye?” Responded: “I don’t have any occupation.”
Park, who was the country’s first female president, has been charged with extortion, bribery and abuse of power, all in collaboration with longtime confidante Choi Soon-sil.
Prosecutors have accused her of colluding with Choi to take about $26 million (roughly 23 million euros) from the country’s largest companies through bribery. She also allegedly allowed her friend to manipulate state affairs from the shadows, despite Choi having no title or security clearance.
The 18 charges relate to policy favors Park offered to tycoons who bribed her friend of 40 years.
Park Young-soo, who led the special prosecutors who investigated the case, has said the proceedings will be “the trial of the century.”
Park faces more than 10 years in jail if convicted. The trial is expected to last for several months.
Former South Korean President Park Geun-hye has made her first appearance at her trial for receiving bribes, abuse of power and other charges. She has denied any wrongdoing and pleaded not guilty.
Park was indicted last month after being ousted from office in March.
She faces charges of conspiring with her longtime confidante, Choi Soon-sil, to receive bribes worth about 40 million dollars from Samsung Group, the country’s largest industrial conglomerate. This includes sums that were promised.
She is also accused of pressuring private companies to provide funds for two foundations closely associated with Choi.
Park’s trial began earlier this month.
Park’s trial began earlier this month.
At the start of Tuesday’s session, the presiding judge asked her occupation. Park replied that she was unemployed.
Park’s defense counsel denied all 18 charges brought against her. When the presiding judge sought Park’s response, she said her position is the same as that of her lawyer.
Asked if she had anything else to say, Park said she would speak later, suggesting she will claim her innocence in her own words.
Choi was also present at Tuesday’s trial. She too denied the charges brought against her, and asked the court to clarify the false accusations against Park. She said she does not believe the former president has committed a crime.
Also at the trial was the chairman of South Korea’s Lotte Group, Shin Dong-bin, who is charged with bribing Park. He denied the accusation.
Also at the trial was the chairman of South Korea’s Lotte Group, Shin Dong-bin, who is charged with bribing Park. He denied the accusation.
Park is the third South Korean president to appear in court for a criminal trial on corruption, following Chun Doo-hwan and Roh Tae-woo.
DILJIT DOSANJH LAUNCHES SUPER SINGH’S SONG ‘KALLIYAN KULLIYAN’
Diljit Dosanjh launches Super Singh’s song ‘Kalliyan Kulliyan’ at the Dream Tour concert in Canada!
Popular actor-singer Diljit Dosanjh who will be seen playing a Punjabi superhero in Ekta Kapoor’s Balaji Motion Pictures and Pawan Gill’s Brat Films’ Super Singh has recently launched the foot-tapping song Kalliyan Kulliyan from the movie while performing at the Dream Tour concert in Canada!
Owning to the fabulous response of the audiences and fans at Dream Tour, superstar Diljit decided to launch the energetic song at the concert, as he is performing. This is one-of-its-kind launch for a Punjabi song where Diljit performed on the song exclusively for his fans even before it’s launched on the digital platform.
Says Diljit, “The turnout at the dream tour and the audience response is so overwhelming…I would like to thank my fans for all the love and launch this song for them at the concert.”
After launching the exclusive first look and movie poster of India’s first Punjabi language superhero film Super Singh, the makers recently unveiled the fascinating trailer of the movie which has caught the fancy of movie aficionados and several B-town stars who couldn’t stop praising it on their social networking sites.
Going by the fabulous response, the film is being embraced as a national superhero film, as they believe Punjabi cinema is definitely having its presence felt nationally and creating unheard demand from Diljit’s fans from across the world.
Produced by Ekta Kapoor’s Balaji Motion Pictures and Anurag Singh & Pawan Gill’s Brat Films, Super Singh is gearing up for summer release on June 16, 2017 worldwide!
INDIA BEAT NEPAL 90-44;
India beat Nepal 90-44; Complete historic five-peat of SABA Championships
- India successfully defended their title and completed a historic five-peat as they beat Nepal 90-44. With this win, India ensured they were unbeaten (4-0) in the tournament.
- Vishesh Bhriguvanshi was declared the ‘Player of the game’.
- India have now qualified for the FIBA Asia Cup taking place in Lebanon from 8th-20th Augustthis year.
- India has also ensured qualification for its top club team in the FIBA Asia Champions Cup – a tournament where the premier club teams of Asian countries go head to head.
Male/Bengaluru, 23nd May 2017: In the 5th South Asian Basketball Association (SABA) Championship underway in Maldives, India beat Nepal 90-44 to go unbeaten in the tournament and complete a historic five-peat of SABA championships.
INDIA BEAT NEPAL 90-44
Team India are all smiles after completing a five-peat of SABA Championships
Playing its fourth and final round robin encounter, defending champs India dominated Nepal 90-44 and earned yet another victory. India made the most of its size advantage against a smaller Nepal team and scored majority of its points in the paint while opening a 19-point lead in the very first quarter.
India’s veteran shooting guard Vishesh Bhriguvanshi continued his scoring spree as he tallied 22 points in the encounter. Shooting guard Anil Kumar BK also chipped in with 16 points off the bench. The second half of the game saw young players Jeevanatham Pandi, Muin Bek and Vishal Kumar Gupta get some valuable playing time. Pandi made the most of this opportunity by using his size to grab offensive rebounds and score 12 points for the team.
For Nepal, Ashim Shrestha was the leading scorer with 9 points as Nepal’s shooters struggled against India’s zone defence.
Vishesh Bhriguvanshi was declared player of the match.
India has now ensured qualification for itself and its top club team, in the upcoming FIBA Asia Cup in Lebanon from 8-20 August, and the FIBA Asia Champions Cup respectively.
India (Vishesh Bhriguvanshi 22, Anil Kumar BK 16) bt Nepal (Ashim Shrestha 9) 90-44 [25-06, 20-07, 26-13, 19-18]
About the SABA Championship 2017
Championship Format
The Championship is played in a round robin format and the team with the best record at the end of this championship will progress from the South Asian region to the FIBA Asia Cup scheduled for 17th to 27th August in Beirut, Lebanon. A round robin format is when each team will face every other team in the tournament once, and the final standings will be based on win/loss statistics.
INDIAN SQUAD FOR THE 5thSABA CHAMPIONSHIP 2017
| Jersey Number | Family Name/ Last Name | Given Name/ First Name | Place of Birth | Date of Birth (dd/mm/yy) | Height | Position | |
| 5 | Pari | Akilan (c) | Chennai | Tamil Nadu | 20/07/1989 | 180 (5’10.8”) | PG |
| 4 | Hafeez | Muin Bek | Dharmapuri | Tamil Nadu | 16/03/1996 | 190 (6’2”) | F |
| 6 | Sivakumar | Prasanna Venkatesh | Gobichettipalayam | Tamil Nadu | 25/09/1992 | 186 (6’1”) | F |
| 7 | Bukankere Krishne Gowda | Anil Kumar | Mandya | Karnataka | 31/07/1989 | 185 (6’) | F |
| 8 | Singh | Arjun | Varanasi | Uttar Pradesh | 8/6/1992 | 189 (6’2”) | SG |
| 9 | Bhriguvanshi | Vishesh | Varanasi | Uttar Pradesh | 13/09/1991 | 195 (6’4.5”) | SG |
| 10 | Amritpal Singh | Ganna Pind | Punjab | 05/01/1991 | 207 (6’9.5”) | C | |
| 11 | Gupta | Vishal Kumar | Chapar Village | Delhi | 07/12/1999 | 198 (6’5”) | C |
| 12 | Bhardwaj | Ravi | Chandigarh | Chandigarh | 31/10/1992 | 207 (6’9.5”) | C |
| 13 | Pandi | Jeevanatham | Virudhunagar | Tamil Nadu | 13/10/1994 | 204 (6’7”) | C |
| 14 | Yadwinder Singh | Rasulpur Khurd | Punjab | 30/12/1986 | 198 (6’6”) | PF | |
| 15 | Pethani | Rikin | Sajiavadar Amreli | Gujarat | 02/12/1990 | 203 (6’8”) | PF/C |
*PG – Point Guard / Feeder, G – Guard, F – Forward, G/F – Wing, PF – Power Forward, C – Centre, PF/C – Post
Coaches: Sappaniambalam Baskar (Head Coach) and Sebastian Padipurakkal Joseph (Assistant Coach)
Manager: Sushil Kumar
Physiotherapist: Raj Kumar Dubey
FIBA Referee: Ceciline Michael Vino Vincent Francis Victor
Previous Editions / Winners:
2016: Bengaluru — 1st India, 2nd Bangladesh
2015: Bengaluru — 1st India, 2nd Sri Lanka
2014: Kathmandu — 1st India 2nd Bangladesh
2013 (June): Delhi — 1st India, 2nd Afghanistan. (From this edition onwards, the tournament changed from a standalone event to a qualifying Championship to the Asian level)
2013 (Jan): Dhaka — 1st Bangladesh, 2nd Pakistan (India, Afghanistan and Sri Lanka did not participate)
2012: Assam — 1st India, 2nd Bangladesh
SONALIKA ITL’S ANNUAL REVENUE GROWS BY 17%, A REMARKABLE 4268 CRORES
Highest ever sales of 81531 tractor units
Registering growth more than industry, increased market share from 11.9% to 12.3%
Company has increased its manufacturing capacity to 3 lakhs per annum with the onset of its new plant
New Delhi, 23 May 2017: India’s youngest and the third largest tractor brand, Sonalika International Tractors Ltd, witnessed a remarkable performance in FY 16-17. The annual revenue of the company significantly grew up by 17% i.e. 4268 crores. The company recorded its highest ever sales of 81531 tractor units resulting in the upsurge of annual profit by 22%. Year 2016-17 has been exceptionally successful for Sonalika ITL, where it set multiple benchmarks in the industry and strengthened its position by registering growth more than the industry and increased market share from 11.9% to 12.3%. Sonalika has the world’s No 1 integrated tractor manufacturing plant in Hoshiarpur, Punjab which was inaugurated by Hon. Chief Minister, Captain Amarinder Singh on 8th May 2017.
With a fresh investment of Rs. 800 crores, Sonalika’s World No. 1 integrated tractor manufacturing plant has now spread across a massive area of more than 85 acres. The plant is equipped to cater to ever growing demands of customers across the globe. Technically upgraded to roll out a tractor every two minutes, Sonalika ITL’s integrated manufacturing plant manufactures 3 lakh tractors annually. Producing international quality tractors catering to 80 countries across the globe, this plant endeavors to bring top-of-the-line exceptional products to Indian farmers as well.
Sharing the company’s annual performance, Raman Mittal, Executive Director Sonalika ITL says, “FY16-17 has been remarkably successful for us. Our passion for growth, focused strategy to offer world class products to our customers and trust of our partners in both domestic and International markets has helped boost our morale for the future. Sales growth by 22% in the first month itself of FY18 has further charged us to strive for higher growth as we have the strength of having the largest plant, world-class products and a very passionate team. With positive industry trends, we believe Sonalika is all geared up to strengthen its position both in domestic and global markets.
Sonalika has presence in over 80 countries and is increasing its global footprints day by day. In FY16-17 Sonalika was the 2nd largest tractor exporter and through continued efforts it has increased its customer base from 6 lakhs to 7 lakhs. Yanmar, a Japanese 7 billion USD major corporation has shown confidence looking at the World’s No. 1 plant and is now planning to manufacture its next generation tractors in India which will be sold globally. Yanmar has product portfolio of paddy special and light weight tractors while Sonalika ITL has robust heavy duty tractor range. Together, both the companies now have the most diverse product portfolio and we are looking at growing exponentially and offering complete farming solutions globally.
About Sonalika International Tractors Ltd.
Sonalika International tractors Ltd. is the youngest and the 3rd largest tractor maker in India. Its world’s number one integrated tractor manufacturing plant at Hoshiarpur has a capacity to produce 3 lakh units per annum. The company produces technologically superior tractors in a range from 20HP to 120HP and is recognized in both domestic as well as international markets as a formidable player. The company has earned the trust of over 7 lakhs customers in more than 80 countries in just 2 decades which is a remarkable feat. Sonalika ITL has been recently felicitated by The Economic Times publication as ‘The Iconic Brand of India’. For more information visit- http://www.sonalika.com/pages/index.html
ACHIEVEMENTS OF STEEL MINISTRY DURING 3 YEARS OF NDA GOVERNMENT
Steel Minister Chaudhary Birender Singh Addresses Press Conference on Achievements of His Ministry during 3 Years of NDA Government
SAIL & Arcelor Mittal would soon formalize the Joint Venture for production of automotive-grade steel: Shri Birender Singh
New Delhi, May 23, 2017
Jyaistha 02, Saka 1939
The Union Steel Minister Chaudhary Birender Singh addressed a press conference on achievements of the Steel Ministry during 3 Years of NDA Government in New Delhi today. He said that the Indian steel industry is at the cusp of another significant milestone by becoming the second largest stainless steel producer in the world, leaving behind Japan.
Chaudhary Birender Singh said that the steel sector is only an example of all-round development in India under PM Modi ji’s leadership.On 3rd May this year the Cabinet under Prime Minister Modi approved two policies of the steel ministry and we are working on their implementation. We are very confident that steel sector will become more vibrant and dynamic after the ‘National Steel Policy 2017’and ‘Policy for preference to domestically manufactured iron & steel products in government procurement’ becomes effective. The roadmap to implement the new policies will be finalized in the next six months to one year.
He described the last three years journey of steel industry as:
नज़र को बदलो, तो नज़ारे बदल जाते हैं,
सोच को बदलो, तो सितारे बदल जाते हैं,
कश्तियाँ बदलने की ज़रुरत नहीं,
दिशा को बदलो, तो किनारे बदल जाते हैं |
Speaking of the SPU REVIVAL, he said that the three Steel Processing Units, Jagdishpur in UP, Bettiah in Bihar and Kangra in Himachal Pradesh are going to be operationalized within the next one year. This involves an investment of Rs. 500 crores. These units will produce value-added products like crash barriers, black pipes, TMT bars or GC sheets. Special Purpose Vehicle Route has been adopted by the Government of India for creation of Greenfield steel capacity in May 2015. The Process for the same was initiated in four states of Chhattisgarh, Odisha, Jharkhand and Karnataka.
Talking of Zero Waste Production, the Steel Minister said that a 120 MW power plant was inaugurated in April 2017 at RINL Vishakhapatnam using the waste gases of the steel plant. The Huge Fine dumps, waste slag, slime etc. from steel plants need to be utilized by using innovative techniques for Pelletisation of fines, slag-cement for slag towards a Clean & Green Steel Sector in India. The Ministry of Steel & UNDP have worked for energy conservation in 300 secondary steel units. Plans are to upscale to 1000 secondary steel units. This would reduce CO2 emissions, roughly equal to taking all passenger cars off Delhi’s roads, Chaudhary Singh added.
Shri Birender Singh said that Steel industry needs to go for a paradigm shift and move from semi-finished/crude steel to value-added steel. This will lead to better margins and improve competitiveness. “We are hopeful that SAIL & Arcelor Mittal would soon formalize the Joint Venture for production of automotive-grade steel. This will be a big step-forward under the Prime Minister’s Make in India Programme” Shri Singh added.
Enlisting new Schemes for Secondary Steel Producers in 2017-18, he said that the steel ministry will rate the ranking of Top-50 Secondary Steel/Smart Producers and awards will for best performing plants in secondary steel sector solely on the criterion of their products of BIS standards and cost effectiveness.
The Minister also announced the institution of Best Steel Structures Awards for best steel structures in PMAY (Rural and Urban),building projects, and roads made with steel reinforced cement concrete and other extraordinary structures using steel in abundance.
Chaudhary Birender Singh said that the GST regime is good for Steel Team as Goods & Services Tax Rates and Slabs for raw materials like iron ore, manganese, coal etc. is in the bracket of 5 %. Semi-finished and unfinished goods is in 18 % bracket. Steel industry will see a reduction in the input cost for steel making with the GST implementation.
The Minister of State in the Ministry of Steel Shri Vishnu Deo Sai, Dr. Aruna Sharma, Secretary Steel, and Senior Officials from the Ministry & the Steel PSUs were present on the occasion.
Pursuing a clear agenda of growth, the Ministry of Steel has had many firsts to its credit. In the year 2015, India became the third largest producer of steel in the world. Recent data shows that India is now looking at positioning itself as the second largest in the very near future.
In the last three years, there has been capacity addition at a steady CAGR of about 7%. There has also been an improvement in the overall capacity utilization.
India has emerged as a net exporter of steel in the year 2016-17, with 97% increase in overall exports and a 37% decline in imports of steel products over the same period in the previous year.
First time in the history of Steel making in India, the world witnessed a massive demand –supply gap post 2014. Overcapacity of 700 to 800 MTPA resulted in sudden fall in the global steel prices.
Aftermath of the increased imports was evident from the declining domestic steel prices, poor cash flows and the debt serviceability of the major steel producers in the country.
Indian Government protected the interests of domestic producers by notifying trade remedial measures like Minimum Import Price, Anti-Dumping Duty and Safeguard Duty.
The government also eased out financial re-structuring norms through RBI and Ministry of Finance.
In addition to these, many steps have also been taken to reduce input cost, replace imports & enhance domestic consumption. The government is also working to improve the domestic availability of iron ore, coking coal and natural gas.
The government’s focus on strengthening the steel sector inter-alia has been on ensuring
- Ease of doing business
- Developing New Products
- Tackling over Capacity & Imports
- Sustainable production of Steel
- Ensuring affordable Raw Material Supply
- Sustainable production of Steel
- And demand generation
The Government has populated the three-year timeline with numerous initiatives that comprise steps like increase in Basic Custom Duty, notification of Quality Control Order for steel and steel products, policy on DMISP, National Steel Policy etc.
1ST INDIA – COMMONWEALTH SME TRADE SUMMIT
INVITATION TO REGISTER
for:
1st India – Commonwealth SME Trade Summit
30th & 31st May 2017
(agenda/schedule given below)
Hotel The Lalit
Barakhamba Avenue | Connaught Place
New Delhi
Dear Mr Sagar,
Greetings from India-Commonwealth SME Association (ICSA) and Federation of Indian Micro and Small & Medium Enterprises (FISME), one of the founder members of ICSA.
We are pleased to inform you that after the successful launch of ICSA in June 2016 all is set for the 1st India – Commonwealth SME Trade Summit to be held on 30th & 31st May 2017 at hotel The Lalit, Barakhamba Avenue, Connaught Place, New Delhi. The Summit is being organized by ICSA in partnership with Commonwealth Secretariat, Centre for WTO Studies; Ministry of Commerce & Industry; FISME, FICCI, CII, GBS-Africa; TPSF; COMESA LLPI and India Business Group, London.
The two day Summit is expected to be attended by more than 500 delegates, 100 SME Owners from 40 Commonwealth countries who will have B2B meetings with over 300 Indian SME counterparts. In addition, government officials, key dignitaries, media etc. would also be actively participating. The objective of the Summit is to promote trade & investments among SMEs of the Commonwealth countries. The focus sectors are:
Textiles & Clothing
Leather & Leather products
Packaging
Gems & Jewellery
Agro Processed products
Information & Communication Technology
Low Tech Machineries & Mechanical Appliances
Agenda/Schedule
30th May 2017 (Day 1)
0900 hrs: Registration & Tea
0930 hrs: Opening Session
1020 hrs: Tea-Break
1100 hrs: Plenary Session – High level Policymakers Round Table on Opportunities in Intra-Commonwealth Trade
1300 hrs: Lunch
1400hrs: B2B meetings
1400 hrs: Parallell session (to be held in a separate hall) on Technology
1400 hrs: Parallell session (to be held in a separate hall) on Innovation
1600 hrs: Tea-Break
1630 hrs: B2B meetings
1630 hrs: Parallell session (to be held in a separate hall) on Technology
1630 hrs: Parallell session (to be held in a separate hall) on Innovation
1800 hrs: End of Day 1
31st May 2017 (Day 2)
0930 hrs to 1000 hrs: Registration & Tea
1000 hrs: B2B meetings
1000 hrs: Parallell session (to be held in a separate hall) on Technology
1000 hrs: Parallell session (to be held in a separate hall) on Innovation
1230 hrs: Lunch
1400 hrs: Plenary Session – Global challenges faced by Commonwealth countries
1600 hrs: Tea
1630 hrs: Concluding Session
1730 hrs: End of Day 2/Summit
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