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Water storage level of 91 major reservoirs of the country goes up by five per cent
Jul 21,2017

The water storage available in 91 major reservoirs of the country for the week ending on July 20, 2017 was 43.732 BCM, which is 28% of total storage capacity of these reservoirs. This percentage was at 23 for the week ending on July 13, 2017. The level of July 20, 2017 was 81% of the storage of corresponding period of last year and 86% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are six reservoirs under Central Water Commission (CWC) monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 7.94 BCM which is 44% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 33% and average storage of last ten years during corresponding period was 41% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

EASTERN REGION

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 4.75 BCM which is 25% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 26% and average storage of last ten years during corresponding period was 26% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

WESTERN REGION

The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 8.53 BCM which is 31% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 31% and average storage of last ten years during corresponding period was 32% of live storage capacity of these reservoirs. Thus, storage during current year is equal to the storage of last year but is less than the average storage of last ten years during the corresponding period.

CENTRAL REGION

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 13.88 BCM which is 33% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 48% and average storage of last ten years during corresponding period was 28% of live storage capacity of these reservoirs. Thus, storage during current year is less than the storage of last year but is better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG(Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 8.64 BCM which is 17 % of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 28% and average storage of last ten years during corresponding period was 35% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Himachal Pradesh, Punjab, West Bengal, Tripura, Gujarat, Maharashtra, Uttar Pradesh and Chhattisgarh. States having lesser storage than last year for corresponding period are Rajasthan, Jharkhand, Odisha, Uttarakhand, Madhya Pradesh, AP&TG (Two combined projects in both states), Andhra Pradesh, Telangana Karnataka, Kerala, and Tamil Nadu.

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India is collaborating with US on research and development of traditional medicines for various diseases including cancer: AYUSH Minister
Jul 21,2017

The Ministry of AYUSH is mandated to promote and propagate AYUSH systems of medicine across the globe. To achieve the objective, the Ministry of AYUSH signs Memorandums of Understanding (MoUs) for Country to Country cooperation in the field of Traditional Medicines; sets-up AYUSH Academic Chairs in foreign Universities/ Educational Institutes; establishes AYUSH Information Cells in the premises of the Indian Missions abroad or Indian Cultural Centres for dissemination of authentic Information about AYUSH Systems of medicine and enters into MoUs with foreign institutes for undertaking collaborative research.

As a result of concerted efforts, for the first time India has successfully engaged with United States (US) in the field of Traditional Medicine. An India-US workshop on Traditional Medicine with special focus on cancer was organized on 3-4 March, 2016 at New Delhi. A US team comprising of experts from National Cancer Institute (NCI) took part in the two day exhaustive deliberations that have resulted into significant leads.

A productive bilateral dialogue with Department of Health and Human Services (DHHS), National Institute of Health (NIH) & National Cancer Institute (NCI) team is ongoing.

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Government gives in-principle approval for strategic disinvestment of BEML Ltd to the extent of 26% of Government shareholding
Jul 21,2017

The Government has given in-principle approval for strategic disinvestment of BEML Ltd to the extent of 26% of Government shareholding with transfer of management control to strategic buyer. Transaction Advisor, Legal Advisor and Asset Valuer have been appointed by the Government as per the procedure and mechanism laid down for this purpose. After completion of the process, specific approval of Government will be sought again. The amount to be mobilised through the sale of Government Equities in BEML can be known only after completion of the process.

The details are given below:- n++n++n++n++n++n++n++n++

Breakup of extent of land and other assets of BEML Ltd as on 31.03.2017: n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++

Particulars

Gross carrying value

(Rs. in Crore)

Accumulated Depreciation
(Rs. in Crore)

Net carrying value
(Rs. in Crore)

(i)LAND (total 4191.56 acres)
Free Hold ( 2696.63 acres )
Lease Hold ( 1494.93 acres )

12.86
80.39

-
0.65

12.86
79.74

(ii)OTHER ASSETS

n++

n++

n++

Buildings

151.35

14.65

136.70

Plant and Equipment

272.41

43.38

229.03

Furniture and Fixtures

4.74

2.08

2.67

Vehicles Given on lease Own use

4.26
5.25

1.06
1.22

3.20
4.03

Office Equipment

2.27

1.16

1.11

Road and Drains

15.33

6.12

9.21

Water Supply Installations

2.38

0.09

2.29

Railway Sidings

n++n++n++n++n++n++n++ 8.69

1.99

6.70

Electrical Installation

18.06

4.36

13.70

Jigs and Fixtures

15.63

6.28

9.34

Special Tools

10.22

5.25

4.97

Computers and Data processing units

10.00

7.12

2.88

Total

613.86

95.42

518.44

The details are given below:-

Details of Profits made, Dividend and taxes paid to the Government during the last ten years: n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++

n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ n++n++n++n++n++n++n++n++n++(Rs. In Crore)

Year

Profit After Tax (PAT)

Dividend
(Govt. Share)

Contribution to exchequer (taxes)

2007-08

225.65

27.00

595.63

2008-09

268.84

27.00

580.34

2009-10

222.85

22.50

688.25

2010-11

149.76

22.50

657.92

2011-12

57.25

11.25

682.58

2012-13

(79.87)

5.63

628.76

2013-14

Moodys: Stronger growth and stabilizing banking sector support global financial conditions
Jul 21,2017

Systemic risks in global financial markets have remained relatively contained over the past six months, despite increases in some areas, Moodys Investors Service said in a report today. More stable banking sector fundamentals have also been supportive of credit conditions over the past year.

Moodys Financial Monitor provides Moodys views on developments in financial markets and the global banking system, and assesses systemic risks posed by potential asset bubbles, excessive leverage, market volatility and weak bank fundamentals.

Financial conditions in global markets are more favourable than a year ago and are likely to remain so as global growth picks up and banking sector fundamentals remain stable, said Colin Ellis, Moodys Managing Director -- Credit Strategy and the reports co-author. That said, there are potential downside risks from event-related volatility in financial markets tied to elevated asset prices, and banking sectors in Latin America and the Commonwealth of Independent States look relatively vulnerable.

Global economic activity has improved during 2017, with steady momentum reflected in a wide range of variables, including purchasing managers indices, industrial production, global trade and financial flows. Moodys expects G20 economies to grow at an annual rate of slightly more than 3% in 2017 and 2018, higher than the 2.6% recorded in 2016.

Within financial markets, Moodys assessment is that some systemic risks, such as asset price and market liquidity risks, have increased in recent months. However, overall systemic risks look relatively contained, with none of the six systemic risks we monitor being assessed higher than medium.

Equity prices have picked up recently, moving above their 10-year average relative to nominal GDP, while corporate bond spreads between investment grade and non-investment grade companies have settled at around 200-300 bassis points in the US and the euro area.

Exchange rate risk has declined as political uncertainty has faded, notably in Europe following recent elections. Policy uncertainty has also decline, but remains elevated, while market liquidity has tightened in euro area government bond markets.

While the banking sectors fundamentals are improving and problem loans have bottomed out in most regions, the past improvement in capitalization has lost some momentum. Banking systems with negative and stable outlooks have seen their profitability and efficiency positions improve over the past six months.

Weak banking systems are currently not experiencing elevated asset prices, leaving them less exposed to risks of asset bubbles. Countries in the south of the euro area, as well as Russia and Brazil, are among the weakest systems in terms of high banking sector risk, yet score in the bottom range of our asset price index.

Conversely, at the upper end of the asset pricing spectrum - and possibly at risk of developing detrimental asset price bubbles -- are countries such as Switzerland and Norway. However, these countries and others among the upper grouping of our asset price index have some of the most secure banking systems, as gauged by our stress tests.

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Indian accounting & finance professionals be given access to overseas market.: ASSOCHAM plea
Jul 21,2017

Apex industry body ASSOCHAM has suggested the Centre to conduct country-specific or geographic market-wise studies to ascertain job prospects for qualified Indian professionals in accountancy, finance, information technology (IT) and related services abroad.

n++Considering the demand and supply of professionals in these sectors, the number of memorandum of undertakings (MoUs) signed by India with several countries may be increased to conduct exchange programmes and exploring job market in favouring countries,n++ highlighted ASSOCHAM in a communication addressed to Union Ministry of Corporate Affairs.

The chamber said that based on the demand analysis, awareness programmes may be organised for professionals like CA/CS/CMA/CFA/MBA both within and outside India.

It added that the focus for awareness programmes should be on ensuring maximum participation of foreign diplomats and MNCs in India as well as Indian companies doing business abroad.

In its communication to the Corporate Affairs Ministry, ASSOCHAM has also said that considering the MBA course comes under purview of the Union Ministry of Human Resource Development (HRD), as such it should also be invited to hold collaborative awareness programs for exploring job opportunities outside India.

n++This will help in revamping the MBA institutions and help them in gaining substantially increased level of interest in MBA/PGDM like professional courses in future,n++ said Mr D.S. Rawat, secretary general of ASSOCHAM.

The chamber has also sought financial support from the Union Government for presenting promotional programmes, events and campaigns about the aforesaid issue.

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Free electricity connections released to 2.63 crore BPL Households under DDUGJY
Jul 21,2017

Ministerof State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, informed that under Rural Electrification component of DeenDayal Upadhyay Gram Jyoti Yojana (DDUGJY), 2.63 crore BPL Households have been electrified till 30.06.2017. 

Free electricity connections released to BPL HHs under RE Component of DDUGJY

Sl. No.

Name of State

Free electricity connections released to BPL HHs (Nos.)

1

Andhra Pradesh

2648777

2

Arunachal Pradesh

51621

3

Assam

1210211

4

Bihar

4339872

5

Chhattisgarh

1149542

6

Gujarat

843104

7

Haryana

198580

8

Himachal Pradesh

16290

9

J&K

69148

10

Jharkhand

1277605

11

Karnataka

987629

12

Kerala

150305

13

Madhya Pradesh

1803951

14

Maharashtra

1221350

15

Manipur

70187

16

Meghalaya

104457

17

Mizoram

29710

18

Nagaland

54484

19

Odisha

2845434

20

Punjab

92988

21

Rajasthan

1227216

22

Sikkim

13601

23

Tamil Nadu

502394

24

Telangana

708865

25

Tripura

148368

26

Uttar Pradesh

2110609

27

Uttarakhand

237921

28

West Bengal

2211040

Total

2,63,25,259

Goyal also informed that as per information provided by the States, as on 30.06.2017, there are 3,618 un-electrified census villages left out of the total 18,452. He further added that a total of 6,015 villages were electrified in 2016-17. The details of villages electrified are as given below:

State-wise details of villages electrified during 2016-17

Sr. No.

No airport in the country has been fully privatized
Jul 21,2017

Passenger safety and benefit of the airports operated by private/JVC entities are governed as per the Concession Agreement and applicable laws in the country. The regulator authorities i.e. DGCA and Airports Economic Regulatory Authority of India are mandated to monitor the performance of the Airports in this regard.

No airport in the country has been fully privatized. However, Airports Authority of India (AAI) has entrusted the Joint Venture Company (JVC), the Operation Management and Development of Delhi and Mumbai airports under Public Private Partnership (PPP) to have world class airport infrastructure in the country. AAI holds 26% equity in JVCs of Delhi and Mumbai. Presently, the airports being managed under the PPP model includes Delhi, Mumbai, Bengaluru, Cochin and Hyderabad. Introduction of PPP at these airports has led to significant improvement in the infrastructures, rise in collection of revenues and airport service quality, etc. These airports constantly figure among the top five airports in the global ranking in their respective categories.

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Biometric Access Control System at Airports approved
Jul 21,2017

A project, namely, Bio-metric Access Control System at Airports with a cost of Rs.33.23 crore, has been approved for implementation at 72 airports by Bureau of Civil Aviation Security, the regulatory authority of civil aviation security in India. The objective of the project is to replace the existing system of paper-based Airport Entry Permits(AEPs) and enable bio-metric enabled smart card based access control system for staff & personnel (excluding passengers) requiring entry to the airports.

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The domestic Market Share of AI for the month of May 17 is 13.0%
Jul 21,2017

The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 28.06.2017 has given in-principle approval for considering strategic disinvestment of Air India and its five subsidiaries and constitution of Air India Specific Alternative Mechanism.

To implement the decision of CCEA, appointment of Transaction Adviser, Legal Adviser and Asset Valuer shall be taken up as per terms and conditions and scope of work of Advisers/ Valuer in accordance with the model RFPs suggested by the Department of Investment and Public Asset Management.

The domestic market share of Air India for the FY 2016-17 is 14.2% and in the current FY the domestic Market Share of AI for the month of May 17 is 13.0%. The total debt of Air India Ltd as on 31st March 2017 is Rs 48,876.81 crores (Prov).The Net Loss of Air India(AI) during the last three Financial Years as per audited accounts is as follows:

YearNet Loss (Rs crore)Financial Assistance Provided (Rs crore)2015-163836.7760002014-155859.91   57802013-146279.60 3300

To implement the CCEA decision, an Air India Specific Alternative Mechanism has been constituted which will decide the course of further action.

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Adequate availability of cotton is ensured through domestic production
Jul 21,2017

Government reviews the cotton availability position from time to time. Adequate availability of cotton is ensured through domestic production and textile mills are able to source their requirement of cotton from the domestic market. In this regard, Government of India had directed Cotton Corporation of India Ltd. to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to Spinning Mills in the Micro Small Medium Enterprise (MSME) category to contain fluctuation in cotton prices.

There is no shortage of cotton/yarn in the country.

The details of policy initiatives/schemes/incentives/subsidies/working capital/interest subvention that are being provided to the domestic manufacturers/exporters are as under:

i) The Government has been implementing various policy initiatives and schemes like Technology Upgradation Fund Scheme (TUFS), Schemes for the development of the Power-loom Sector, Schemes for Technical Textiles, Scheme for Integrated Textile Parks (SITP) and Scheme for Integrated Textile Processing Development (IPDS) to enable the textile industry, including the small industries, to upgrade and make them competitive.

ii) The Government has also launched a Rs. 6000 crore Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) under ATUFS to incentivize production and employment generation in the garmenting Sector. These initiatives and schemes will help in the development of the downstream value added segments which in turn will create increased demand for yarn and thereby lead to increased production of yarn.

iii) Government has introduced special packages for apparel and made-ups sector in June, 2016 and December, 2016 respectively which include schemes like Amended Technology Upgradation Fund Scheme (ATUFS), Pradhan Mantri Paridhan Rojgar Protsahan Yojna (PMPRPY) and Scheme of Rebate of State Levies (RoSL) on export of garments. Besides, with a view to modernize textile industry, increase production and global competitiveness schemes such as Schemes for Technical textiles, Scheme for Integrated Textile Parks (SITP) and Integrated Skill Development Scheme are also being run by the Government.

iv) MEIS Scheme under new Foreign Trade Policy 2015-20

v) Restoring Interest rate subvention for pre and post shipment credit for the textile sector

vi) Expanding the scope of Merchandise Export from India Scheme (MEIS) since 29.10.2015 to 110 new tariff lines and increasing rates or country coverage or both for 2,228 existing tariff lines.

vii) Increased Duty Drawback rates for some textile articles

viii) Market Access Initiative (MAI) and Market Development Assistance (MDA) Scheme

ix) Duty Free import of trimmings, embellishments and other specified items under Export Performance Certificate Entitlement Scheme

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Government of India (GoI), Ministry of Civil Aviation (MoCA) has granted in principle approval for setting up of 18 Greenfield Airports
Jul 21,2017

Government of India (GoI), Ministry of Civil Aviation (MoCA) has granted in principle approval for setting up of 18 Greenfield Airports in the country. The list of these airport along with the estimated cost is as under: Mopa in Goa (approx. Rs. 3100 cr), Navi Mumbai (approx. Rs. 16704 cr), Shirdi (approx. Rs. 320.54 cr) and Sindhudurg (approx. Rs. 520 cr) in Maharashtra, Bijapur (approx. Rs. 150 cr), Gulbarga (approx. Rs. 13.78 cr in initial phase), Hasan (approx. Rs. 592 cr) and Shimoga (approx. Rs. 38.91 cr) in Karnataka, Kannur in Kerala (approx. Rs. 1892 cr), Durgapur in West Bengal (approx. Rs. 670 cr), Dabra in Madhya Pradesh (approx. Rs. 200 cr), Pakyong in Sikkim (approx. Rs. 553.53 cr), Karaikal in Puducherry (approx. Rs.170 cr), Kushinagar in Uttar Pradesh (approx. Rs. 448 cr), Dholera in Gujarat (approx. Rs. 1712 cr) and Dagadarthi Mendal, Nellore Dist. (approx. Rs. 293 cr), Bhogapuram in Vizianagaram District near Visakhapatnam (approx. Rs. 2260 cr) and Oravakallu in Kurnool District (approx. Rs. 200 cr), Andhra Pradesh. The timeline for construction of airport projects depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator.

The construction of airport project depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator. The State Government of Maharashtra has completed the tendering process and M/s. MIAL is the highest bidder.

During the last three years and the current year, MoCA, GoI has received the following proposals for setting up of Greenfield Airports: Ankleshwar in Gujarat, Bhiwadi (district Alwar) in Rajasthan, Dagadarthi (Nellore), Bhogapuram (Vizianagaram), Tadepalligudem (West Godavari), Oravakallu (Kurnool) and Kuppam (Chittor) in Andhra Pradesh, Chingleput near Chennai, Gwalior and Singrauli in Madhya Pradesh, Hisar in Haryana, Kothagudem (Khammam) in Telangana, Noida International Airport near Jewar, Saifai (Etawah) in Uttar Pradesh, Shivdaspur in Jaipur, Karwar and Chickmagaluru in Karnataka and Rajkot in Gujarat. GoI has granted site clearance approval for setting up of Greenfield Airport at Bhiwadi (district Alwar) in Rajasthan, Kothagudem (Khammam) in Telangana, Rajkot in Gujarat and Noida International Airport near Jewar in Uttar Pradesh and in principle approval for setting up of Dagadarthi (Nellore), Bhogapuram (Vizianagaram) and Oravakallu (Kurnool) in Andhra Pradesh.

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PMVVY is a Pension Scheme announced by the GOI exclusively for the senior citizens available from 4th May 2017 to 3rd May 2018
Jul 20,2017

The Union Minister for Finance, Defence and Corporate Affairs will formally launchthe Pradhan Mantri Vaya Vandana Yojana (PMVVY) tomorrow in the national capital. PMVVY is a Pension Scheme announced by the Government of India (GOI) exclusivelyfor the senior citizens aged 60 years and above which is available from 4th May 2017 to 3rdMay 2018. The Scheme can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this Scheme.

Following are the major benefits under thePradhan Mantri Vaya Vandana Yojana (PMVVY):

 n++         Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.

n++         Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase.

n++         The scheme is exempted from Service Tax/ GST.

n++         On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable.

n++         Loan upto 75% of Purchase Price shall be allowed after 3 policy years (to meet the liquidity needs). Loan interest shall be recovered from the pension installments and loan to be recovered from claim proceeds.

n++         The scheme also allows for premature exit for the treatment of any critical/ terminal illness of self or spouse. On such premature exit, 98% of the Purchase Price shall be refunded.

n++         On death of the pensioner during the policy term of 10 years, the Purchase Price shall be paid to the beneficiary.

n++         Minimum / Maximum Purchase Price and Pension Amount:

Mode of PensionMinimum
Purchase Price
Maximum
Purchase Price
Minimum
Pension amount
Maximum
Pension amount
YearlyRs. 1,44,578/-Rs. 7,22,892/-Rs. 12,000/-Rs. 60,000/-Half-yearlyRs. 1,47,601/-Rs. 7,38,007/-Rs. 6,000/-Rs. 30,000/-QuarterlyRs. 1,49,068/-Rs. 7,45,342/-Rs. 3,000/-Rs. 15,000/-MonthlyRs. 1,50,000/-Rs. 7,50,000/-Rs. 1,000/-Rs. 5,000/-

n++         The ceiling of maximum pension is for a family as a whole, the family will comprise of pensioner, his/her spouse and dependants.

n++         The shortfall owing to the difference between the interest guaranteed and the actual interest earned and the expenses relating to administration shall be subsidized by the Government of India and reimbursed to the Corporation.

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Draft Guidelines for implementation of Pradhan Mantri Matru Vandana Yojana have been prepared by WCD Ministry
Jul 20,2017

Draft guidelines for implementation of Pradhan Mantri Matru Vandana Yojana (PMMVY) have been prepared by the Ministry. The draft guidelines inter-alia provide Aadhaar linkage, Direct Benefit Transfer of Rs. 5000 in beneficiarys bank/post office account in three instalments at the stage of early registration of pregnancy, after six months of pregnancy on at least one antenatal check-up and registration of child birth & first cycle of immunisation of the child.

The PMMVY is Centrally Sponsored Scheme under which the cost sharing ratio between the Centre and the States & UTs with Legislature is 60:40, for North-Eastern States & three Himalayan States, it is 90:10 and 100% Central assistance for Union Territories without Legislature.

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Adequate Supply of Coal to Power Sector
Jul 20,2017

During the period April, 2016 to December, 2016, the coal based power generation grew by 6.18 per cent to 674.492 Billion Units over the same period in the previous year. Dispatch of coal and coal products to power sector from Coal India Limited (CIL) sources in October, 2016 was 31.91 Million Tonnes (MT) as against 34.50 MT in October, 2015. This was due to more than adequate availability of coal in stock at power plants and better quality of coal resulting in improvement of Station Heat Rate and reduction in coal consumption per unit of power, despite higher generation.

The target of coal production for CIL for 2017-18 has been as 600 MT. The coal production of CIL have been 462.422 MT, 494.238 MT, 538.754 MT and 554.14 MT in the years 2013-14, 2014-15, 2015-16 & 2016-17 respectively. There is a continuous annual growth in coal production by CIL, the Minister added.

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Rs. 3653 Crore of Amount Received from Allocation of Coal Blocks
Jul 20,2017

The Coal bearing State Governments have received an amount of Rs. 3653 crores till June 2017 from the allocation of Coal blocks/Mines under the provisions of Coal mines (Special Provisions) Act, 2015. Under the aforesaid Act, provisions of the entire revenue from allocation (auction and allotment) of coal blocks / mines under the accrues to the coal bearing State Government concerned.

The utilization of the revenue generated from the allocation of coal mines / blocks under the provisions of the Coal Mines (Special Provisions) Act, 2015 is the prerogative of the coal bearing State Government, the Minister added.

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