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Cabinet approves MoU between India and the United Arab Emirates on Bilateral Cooperation in the Road Transport and Highways sector
Jan 18,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) between India and the United Arab Emirates on Bilateral Cooperation in the Road Transport and Highways Sector to be signed between the Ministry of Road Transport and Highways, India and the Federal Transport Authority - Land and Maritime, U.A.E.

The proposed MoU envisages increased cooperation, exchange and collaboration between India and the UAE, and will contribute to increased investment in infrastructure development and enhance logistics efficiency. This will help in promoting safe, economical, efficient and environmentally sound road transport in the country and will further help both the countries in creating an institutional mechanism for cooperation in the field. Salient features of the MoU are:

a. Exchange and sharing of knowledge and cooperation in the area of transportation technologies and transport policies, for passenger and freight movement by roads;

b. Planning, administration and management of road infrastructure, technology and standards for roads/highways construction and maintenance;

c. Sharing of information and best practices for developing road safety plans and road safety intervention strategies, and outreach activities aimed at reducing deaths and injuries resulting from road accidents through:

d. Sharing of knowledge and best practices in user-free (toll)-related issues; including modern systems, technologies and methods of levying of user-free and collection including Electronic Toll Collection System;

e. Sharing of information areas of improved technologies and materials in road and bridge construction, including joint research; and

f. Sharing of information and cooperation for mobilizing investments for setting up of Logistics Parks, freight logistics, transportation warehousing and value added services (VAS) as an enabler and as a catalyst of economic growth and seamless freight movement.

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Cabinet approves MoU on cooperation on Youth matters between India and Russia
Jan 18,2017

Exchange programmes in the field of Youth Affairs between India and Russia will help in promoting exchange of ideas, values and culture amongst Youth through establishment of people-to-people contacts and in consolidating friendly relations between the two countries.

The selections for participation in exchange programmes shall be done in an objective and transparent manner and the outcomes of the programmes under the MoU shall be open for public scrutiny.

Exchange programmes will help in developing international perspective among the Youth and expanding their knowledge and expertise in the areas of Youth Affairs.

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Cabinet approves Indias Membership in the International Vaccine Institute (IVI), South Korea
Jan 18,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the proposal for Indias taking full membership of the International Vaccine Institute (IVI) Governing Council. The move involves payment of annual contribution of US $ 5,00,000 to the International Vaccine Institute (IVI), Seoul, South Korea.

Background

International Vaccine Institute (IVI), Seoul, South Korea, established in 1997 on the initiatives of the UNDP, is an international organization devoted to developing and introducing new and improved vaccines to protect the people, especially children, against deadly infectious diseases. In the year 2007, with the approval of Cabinet, India joined IVI. India is a long-term collaborator and stake-holder of IVI. In December, 2012 the Board of Trustees (BOT) of IVI approved the formation of its new governance structure. As per the new governance structure of IVI, a member State has to contribute to the IVI by paying a portion of its core budget. Since India is classified in Group-I, it has to pay an annual contribution of US $ 50,000.

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Cabinet approves MoU between India and Serbia for cooperation in the field of Information Technology and Electronics
Jan 18,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval to the Memorandum of Understanding (MoU) signed between India and Serbia for promoting cooperation in the field of Information Technology and Electronics.

The MoU aims to promote cooperation between India and Serbia in the field of IT and Electronics, and to foster active cooperation and exchanges between the private entities, capacity building institutions, the Governments and other public and private organizations of the two countries in IT & Electronics.

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Cabinet apprised of the MoU between the ISRO and the JAXA for cooperation in the field of outer space
Jan 18,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) signed on November 11, 2016 at Tokyo, Japan between the Indian Space Research Organisation (ISRO) and the Japanese Aerospace Exploration Agency (JAXA) for cooperation in the field of outer space.

The purpose of this MoU is to pursue future cooperative activities in the exploration and use of outer space exclusively for peaceful purposes in accordance with the laws and regulations applicable in each country and their international obligations.

This MoU provides scope for pursuing cooperation in various areas of space science technology and applications including: eearth observation, satellite communication and navigation; exploration and space sciences; Research and development (space systems and space technology); and Space industry promotion.

ISRO and JAXA will bear the costs of their respective activities under this Memorandum, unless they decide otherwise in writing. Ability to fulfil their respective roles and activities under this Memorandum and its relevant separate Implementation Arrangement is subject to their respective funding procedures, the availability of appropriated funds and their respective national laws.

Framework MoU would lead to 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.

Background:

India and Japan pursue space cooperation for more than 5 decades and carried out studies in the field of atmospheric study, observation of universe and scientific investigation in remote sensing. With the formation of JAXA in 2003, an arrangement concerning the considerations of potential future cooperation in the field of outer space was signed in October 2005 between ISRO/ Department of Space (DOS) and JAXA. Subsequently both agencies have signed cooperative documents addressing lunar exploration, satellite navigation, X-ray astronomy and Asia Pacific Regional Space Agency Forum (APRSAF).

During the ISRO-JAXA bilateral meeting held at New Delhi on April 05, 2016, both sides stressed the need for updating the contents of 2005 Arrangement with enhanced scope of cooperation. Accordingly, both sides have arrived at the draft of new Memorandum of Understanding (MoU) between ISRO and JAXA concerning cooperation in the field of outer space and got it signed on November 11, 2016 at Tokyo during the visit of Prime Minister of India to Japan.

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Cabinet approves Trade Agreement negotiations with Peru
Jan 18,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivize investments in Electronic Sector and moving towards the goal of Net Zero imports in electronics by 2020.

Besides expediting investments into the Electronics System Design and Manufacturing (ESDM) sector in India, the amendments in M-SIPS are expected to create employment opportunities and reduce dependence on imports. The projects already received under the scheme have the potential to generate employment to the extent of upto one million persons (direct and indirect).

The Policy covers all States and Districts and provides them an opportunity to attract investments in electronics manufacturing. So far, 243 applications have been received under the scheme, out of which 75 applications have been approved involving investment proposals of Rs. 17,997 crore.

The salient features of the amendment are:

a) The applications will be received under the scheme upto 31st December 2018 or till such time that an incentive commitment of Rs 10,000 crore is reached, whichever is earlier. In case the incentive commitment of Rs 10,000 crore is reached, a review will be held to decide further financial commitments.

b) For new approvals, the incentive under the scheme will be available from the date of approval of a project and not from the date of receipt of application.

c) The incentives will be available for investments made within 5 years from the date of approval of the project.

d) Approvals will normally be accorded to eligible applications within 120 days of submission of the complete application.

e) A unit receiving incentives under the scheme, will provide an undertaking to remain in commercial production for a period of at least 3 years.

f) The Appraisal Committee recommending approval of project will be chaired by Secretary, Ministry of Electronics and IT.

g) A separate Committee headed by Cabinet Secretary and comprising of CEO, NITI Aayog, Secretary Expenditure and Secretary, MeitY will be set up in respect of mega projects, envisaging more than Rs. 6850 crore (approx. USD 1 Billion) investments.

Background

The Cabinet had, in July, 2012 approved the M-SIPS to provide a special incentive package to promote large scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector. The scheme provides subsidy for capital expenditure - 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs. The Scheme was amended in August, 2015 for scope enhancement and simplification of procedure. The Scheme has attracted investments in the ESDM sector to the tune of Rs. 1,26,838 crore, of which investments of around Rs. 17,997 crore have been approved by the MeitY. The M-SIPS has been able to create positive impact on investment in electronics sector.

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Cabinet approves MoU between India and the United Arab Emirates on the Mutual Recognition of Certificates of Competency
Jan 18,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) between India and the United Arab Emirates on the Mutual Recognition of Certificates of Competency.

The proposed MoU will pave way for recognition of maritime education and training, certificates of competency, endorsements, training documentary evidence and medical fitness certificates for seafarers issued by the Government of the other country in accordance with the provisions of Regulation 1/10 of the Convention, and cooperation between the two countries in training and management of seafarers.

The MoU will ensure that the education, training and assessment of seafarers, as required by the STCW Convention, are administered and monitored in accordance with of the STCW Code for each type and level of training assessment involved.

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Cabinet approves listing of PSU General Insurance Companies
Jan 18,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi has given its in principle approval for listing the following five Government owned General Insurance Companies in the stock exchanges. These are:

(i) The New India Assurance Company

(ii) United India Insurance Company

(iii) Oriental Insurance Company

(iv) National Insurance Company and

(v) General Insurance Corporation of India

The shareholding of these Public Sector General Insurance Companies (PSGICs) will be divested from 100% to 75% in one or more tranches over a period of time. During the process of disinvestment, existing rules and regulations of Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI) will be followed.

Listing of (PSGICs) is likely to yield the following benefits:

a. Listing on the Stock Exchange necessitates compliance with a number of disclosures and accounting requirements of SEBI, which acts as an additional oversight mechanism. The disclosures bring about transparency and equity in the companies functioning.

b. Listing is expected to lead to improved corporate governance and risk management practices leading to improved efficiency. A greater focus on growth and earnings can also be expected.

c. Listing will open the way for the companies to raise resources from the capital market to meet their fund requirements to expand their businesses, instead of being dependent on the Government for capital infusion.

The Finance Minister in his Budget Speech for 2016-17 had announced that public shareholding in Government-owned companies is a means of ensuring higher levels of transparency and accountability; and to promote this objective, the general insurance companies owned by the Government will be listed on the stock exchanges.

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13 Private Companies Compete in $13 Million World Bank Climate Auction
Jan 18,2017

The World Bank Group allocated $13 million through the third auction of the Pilot Auction Facility for Methane and Climate Change Mitigation (PAF). Thirteen companies from nine countries participated in the online auction, and five won contracts that give them the right to sell their future carbon credits to the PAF at a fixed price. If redeemed, these contracts will reduce the equivalent of 6.2 million tons of carbon dioxide emissions.

Whereas the first two auctions, in 2015 and 2016 respectively, targeted methane emissions from landfills, the third auction targeted reductions in nitrous oxide. Both greenhouse gases are highly potent, with the latter having a global warming potential of nearly 300 times that of carbon dioxide. An example of nitrous oxide emissions would be from the industrial production of nitric acid, used to produce fertilizer. Emission reductions from the production of adipic acid were not eligible in yesterdays auction.

The PAF was set up two years ago to test how auctions can effectively channel funds to projects that reduce emissions. As a pilot facility, the PAF aims to promote learning by testing multiple auction formats, with the hope that others will replicate this model. The third auction--unlike the first and second--was split into two sub-auctions, with a n++new segmentn++ dedicated to projects that had not installed clean technologies before the auction date, and an n++open segmentn++ open to both new and operating projects.

Winners in the third auctions open segment received contracts giving them the right to sell carbon credits to the PAF for $2.10/carbon credit. Bidding for this segment began at $5/carbon credit, at which price bidders demanded over five times the available supply. The PAF lowered the price over seven rounds before reaching the clearing price.

In the new segment, which occurred immediately prior to the open segment, bidding began at $6 per carbon credit. Bidders in the new segment did not demand enough credits to close the auction. As a result, the entirety of the budget for the new segment was transferred to the open segment in order to ensure maximum emission reductions per dollar.

Third auction winners received contracts called Pilot Auction Facility Emission Reduction Notes, or PAFERNs, which they may redeem between 2017 and 2020. To date, the PAF has allocated a total $53 million in climate funding and through the sale of PAFERNs, and has raised an additional $12.5 million for re-investment into climate-friendly projects. The PAFERNs are backed by funding from the governments of Germany, Sweden, Switzerland, and the United States.

The World Bank is now looking ahead, beyond the piloting phase. The PAF has successfully demonstrated that auctions can efficiently allocate scarce public funds, maximize climate impact of concessional financing, promote price discovery of reducing emissions, and help the private sector mitigate risk. According to a recent IFC study, the Paris Agreement identified nearly $23 trillion in opportunities for climate-smart investments in emerging economies. Climate auctions are an agile instrument that could channel such climate finance, motivate the private sector to reduce emissions, and raise the ambition of countries national contributions.

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The young will soon beckon the residents and visitors along Ganga to inculcate clean practises
Jan 18,2017

The young will soon beckon the residents and visitors along Ganga to inculcate clean practises! In what is aimed at generating widespread awareness on ails of polluting river Ganga, a cadre of thousands of youths will be groomed as volunteers to be deployed in villages along the river to raise clean Ganga consciousness among the local dwellers and visitors.

The step which is being taken under central governments flagship Namami Gange programme emphasizes on using the zeal of the young to engender support of people from all walks of life in conservation of the river, which faces rapid contamination from domestic and industrial effluents.

Nehru Yuva Kendra Sangathan (NYKS), an autonomous organisation under Ministry of Youth Affairs and Sports has been entrusted with the task of building capacities of more than 20, 000 young men and women from Ganga basin states, so that they can represent Namami Gange programme as n++Swachhta Dootsn++.

From over 20,000 informed youth motivators, as many as 50 enthusiastic spearhead campaigners would be identified and trained for a week. These ace campaigners will then be asked to lead this army of the young in their assigned jurisdictions in spreading the message of clean Ganga. All this will be done in consultation with village youth clubs.

The youth, once trained, would exhort and motivate local population and tourists to refrain from polluting river Ganga. They will be the new wheels on which clean Ganga awareness campaign would ride. The Swachhta Doots would not only educate the target audience about the adverse consequences of polluting Ganga but will also be an asset in providing information on existing government activities like construction of toilets, water harvesting and conservation for creation of a comprehensive database in coordination with National Mission for Clean Ganga (NMCG), the implementing arm of Namami Gange programme.

The project envisages deployment of the youth in 29 districts spanning about 2,336 villages along the river in Ganga basin States of Uttarakhand, Uttar Pradesh, Bihar and West Bengal. One project officer will be assigned to each district. The project has been approved at an estimated cost of Rs 10 crore.

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Jain Irrigation Systems Assigned Preliminary B+ Rating; Outlook Stable- S&P Global Ratings
Jan 18,2017

S&P Global Ratings assigned its preliminary B+ long-term corporate credit rating to Jain Irrigation Systems. The outlook is stable. At the same time, we also assigned our preliminary B+ rating to the proposed U.S. dollar notes to be issued by Jain International Trading BV and guaranteed by Jain Irrigation. Our rating on notes is subject to our review of final issuance documentation.

Jain Irrigation is an India-based company engaged in manufacturing of plastics-based micro irrigation piping and plumbing systems. The company also has a small but growing food processing business, which mainly produces fruit pulps and dehydrated onions. Jain International Trading BV is a wholly owned subsidiary of Jain Irrigation incorporated in the Netherlands.

Our rating on Jain Irrigation reflects the companys high leverage compared with peers and elongated working capital cycle, resulting in pressure on liquidity, said S&P Global Ratings credit analyst Ashutosh Sharma. The companys business is exposed to cyclicality due to the variability in monsoons and seasonality in sales.

Jain Irrigations strong franchise with a dominant market position in India and second rank globally in the niche micro-irrigation systems market supports its credit profile. We also expect leverage to reduce and liquidity pressure to subside with growth in business and managements commitment to deleverage and reduce dependence on short-term working capital facilities.

In our view, Jain Irrigations higher leverage than that of peers, such as Valmont Industries Inc. and The Toro Co., weighs down on its financial risk profile, Mr. Sharma said.

The company has an elongated working capital cycle of more than 160 days due to the seasonal nature of the agricultural business. This duration, combined with high cyclicality and seasonality, will likely keep the leverage high, with the ratio of funds from operations (FFO) to debt likely to remain below 20% over the next 24 months. Agricultural demand is subject to vagaries of rains, which in our view induces demand volatility.

We believe Jain Irrigations working capital management remains a key risk to our estimates. Any delay in collection of receivables or liquidation of inventory could add further pressure on the companys leverage.

We believe Jain Irrigations micro irrigation and the piping systems business face stiff competition from small and midsize players in India, given that these businesses have lower barriers to entry, especially in emerging markets.

We believe management is committed to reducing leverage by focusing on cash flows. A recently adopted cash-and-carry model in India should help reduce the working capital intensity. We expect Jain Irrigations proposed issuance of senior unsecured notes to help it to refinance a significant part of its short-term working capital facilities and certain higher-cost long-term facilities, and improve the overall tenor of borrowings.

Jain Irrigation is well-diversified across its key markets, which include India, the U.S., Europe, Israel, Latin America, and Africa. In fiscal 2016 (year ended March 31), the company generated more than 45% of its revenues internationally, of which more than 30% was derived from Europe and North American markets. We expect the company to continue to increase its international presence by penetrating new markets in Latin American and Africa.

We consider Jain Irrigations profitability to be average for the industry. The profitability compares well with that of its peers such as Netafim (up to 2015) and Valmont but ranks below Toro, which has highly evolved brands. We expect Jain Irrigations business mix to ensure steady to slightly improving profitability of 13%-15% over the next two years.

Our preliminary rating is based on the expectation that the Jain Irrigation will largely use proceeds from the proposed notes to partly repay its short-term debt and refinance a portion of its long-term debt. This will help relieve some pressure on liquidity for the company and result in a better capital structure. In the absence of the retirement of some of the working capital facilities and short-term debt maturities, the companys liquidity will come under pressure and result in a weaker credit profile.

The stable outlook reflects our view that Jain Irrigations proposed notes and satisfactory banking relationship will help the company to manage its short-term working capital facilities over the next 12 months. We expect double-digit revenue growth driven by favorable monsoons and managements commitment to deleveraging to result in a ratio of FFO to debt of above 12% over the period.

We may downgrade Jain Irrigation by multiple notches if the companys credit standing in the capital markets weakens, such that we assess its liquidity to be weak. This could happen if the company is unable to secure working capital facilities for its subsequent operating season due to deteriorating working capital or pressure on its banking relationships.

We may also downgrade Jain Irrigation if the companys working capital needs remain high, resulting in significant shortfall of funds in the absence of the proposed notes. We may also downgrade Jain Irrigation if poor monsoons in India result in the ratio of FFO to debt falling below 12%.

We are unlikely to upgrade Jain over the next 12-24 months due to the companys high leverage and liquidity pressure. However, we may upgrade the company if: (1) the FFO-to-debt ratio reaches close to 20%, possibly due to strong operating performance; and (2) the company ensures adequate liquidity and a sustainable capital structure with a longer maturity profile.

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Gartner Says That 20 Percent of Organizations Will Use Smartphones in Place of Traditional Physical Access Cards By 2020
Jan 18,2017

In 2016, less than 5 percent of organizations used smartphones to enable access to offices and other premises. By 2020, Gartner, Inc. said that 20 percent of organizations will use smartphones in place of traditional physical access cards.

A significant fraction of organizations use legacy physical access technologies that are proprietary, closed systems and have limited ability to integrate with IT infrastructure, said David Anthony Mahdi, research director at Gartner. Today, the increasing availability of mobile and cloud technologies from many physical access control system (PACS*) vendors will have major impacts on how these systems can be implemented and managed.

PACS technology is widely deployed across multiple vertical industries and geographies to secure access to a wide range of facilities (buildings, individual offices, data centers, plant rooms, warehouses and so on), ensuring that only entitled people (employees, contractors, visitors, maintenance staff) get access to specific locations.

Mobile technology is already widely used for logical access control. Phone-as-a-token authentication methods continue to be the preferred choice in the majority of new and refreshed token deployments as an alternative to traditional one-time password (OTP) hardware tokens. Gartner projects that the same kinds of cost and user experience (UX) benefits will drive increasing use of smartphones in place of discrete physical access cards. Smartphones using technologies and protocols such as Bluetooth, Bluetooth LE, and Near Field Communication can work with a number of readers and PACS technology.

One of the easiest ways to use a smartphones access credentials is to integrate them n++ via a data channel over the air or via Wi-Fi n++ into the access control system (ACS) and unlock the door remotely (just as an ACS administrator can). This approach requires no change to reader hardware.

Using smartphones can also simplify the integration of biometric technologies. Rather than having to add biometric capture devices in or alongside readers, the phone itself can easily be used as a capture device for face or voice (or both), with comparison and matching done locally on the phone or centrally, said Mr. Mahdi. This approach also mitigates the risks from an attacker who gains possession of a persons phone.

The technologys limitations remain a challenge. For example, theres significant disparity in functionality between smartphones, and some security and risk management leaders should be aware that their physical card readers and PACS might require a significant upgrade to use smartphones for physical access. Nevertheless, replacing traditional physical access cards with smartphones enables widely sought-after cost reductions and UX benefits, said Mr. Mahdi. We recommend that security and risk managers work closely with physical security teams to carefully evaluate the UX and total cost of ownership benefits of using access credentials on smartphones to replace existing physical cards.

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Domestic air passenger traffic surges 23.9% in December 2016
Jan 18,2017

The domestic carriers posted strong 23.9% growth in traffic to 95.52 lakh passengers in December 2016, over 77.09 lakh passengers ferried in the corresponding previous month, as per the data from the Directorate General of Civil Aviation (DGCA).

The domestic air passenger traffic moved up 23.2% to 998.88 lakh in 2016 over 810.91 lakh air passenger traffic handled in 2015. Air India posted 9.7% growth in air passenger traffic to 146.3 lakh, while private carrier recorded robust growth of 25.8% in domestic air passenger traffic at 852.58 lakh in 2016.

The DGCA data revealed that IndiGo maintained its leadership position, with a market share of 40.3% of the total domestic traffic, followed by Jet Airways at 15.3% and Air India 14.0%. The market share of Spice Jet stood at 12.7%, Go Air 8.2%, Vistara 3.2%, Air Asia 2.9%, Jet Lite 2.6% and Air Costa 0.5% in December 2016.

Among the airlines, Vistara has posted robust air passenger traffic growth of 92.4% to 3.04 lakh in December 2016, followed by Air Asia 52.2% to 2.77 lakh, IndiGo 40.3% to 38.48 lakh and Spice Jet 24.0% to 12.10 lakh. The domestic air passenger traffic of Go Air also increased 22.2% to 7.81 lakh, Jet Lite 12.8% to 2.46 lakh, Trujet 10.7% to 0.31 lakh, Jet Airways 4.0% to 14.60 lakh and Air India 3.9% to 13.35 lakh. However, the passenger traffic of Air Costa declined 9.1% to 0.50 lakh in December 2016.

The carrier wise seat load factor for Spice Jet stood at 93.7%, IndiGo 91.4%, Go Air 90.7%, Air Asia 86.3%, Jet Airways 86.1%, Jet Lite 85.7%, Vistara 85.1%, Air India 81.4%, Trujet 79.1%, Air Costa 76.9% and Air Carnival 58.9% in December 2016.

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NBCC signs MoU with AIIMS for redevelopment of residential quarters at West Ansari Nagar campus and Ayur Vigyan Nagar campus
Jan 18,2017

The NBCC (India), under the Ministry of Urban Development, signed Memorandum of Understanding (MoU) with the All India Institute of Medical Sciences (AIIMS), for redevelopment of residential quarters at West Ansari Nagar campus and Ayur Vigyan Nagar campus at a total cost of Rs. 4,698 crores.

The MoU was signed in the presence of Union Minister of Urban Development Shri Venkaiah Naidu and Union Minister for Health and Family Welfare Shri J P Nadda.

During the occasion, Union Minister for Urban Development, Shri M. Venkaiah Naidu said that the MoU between the NBCC and AIIMS will change the face of expansion of the institute, as well as the residential accommodation provided to the professor and other staff members of the institute. He said that health and education are two areas, which needs to be focused and thus, both the central and state Governments are increasing the budget allocation in these sectors. He said that India has inherent strength of knowledge and intelligence but at the same time, we need to upgrade it further and make it affordable to the people.

The Union Minister for Health & Family Welfare Shri J P Nadda said that it is largest investment in tertiary health care which happened for first time in India. He thanked the Ministry of Urban Development for its proactive approach, thus enabling to translate dreams into reality.

Salient features of MoU between AIIMS & NBCC

n++ Tripling of the existing housing units from 1,444 to 3,928 units

n++ Self-revenue generating model.

n++ Sustainability and Smart City features like rain water harvesting, waste water recycling, use of solar energy, and smart electricity metering, intelligent building management system, etc

n++ Project to be completed in five years in phased manner.

n++ NBCC will be responsible for further maintenance of assets for a period of 30 years.

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AIIMS signs three MoU with NBCC (India), HSCC (India), and with HITES HLL Life Care
Jan 18,2017

All India Institute of Medical Sciences (AIIMS), New Delhi signed MoUs with NBCC (India), HSCC (India) and with HITES HLL Life Care to expand infrastructure and other facilities. The signing ceremony was presided over by Shri J P Nadda, Honble Union Minister of Health and Family Welfare and Shri Venkaiah Naidu, Honble Union Minister for Urban Development, Urban Poverty Alleviation, and Information & Broadcasting. AIIMS signed an MOU worth ₹ 4441 crores with NBCC (India), ₹ 2500 crores with HSCC (India) and ₹ 729 crores with HITES HLL Life Care, a cumulative net worth of ₹ 7670.

Speaking on the occasion, Shri J P Nadda said that this is one of the most historic days for AIIMS as this is the largest ever health sector investment commitments made by Government in a public health project at one event. n++The past two years have witnessed a historic growth in the form of infrastructure & other facilities,n++ Shri Nadda said. The Health Minister assured that the Government is committed to ensuring that the new AIIMS will meet the same standards of service as AIIMS, New Delhi. No effort will be spared to make them the very best, he added. Shri Nadda stated that AIIMS has created a benchmark in the field of healthcare not only at the national level but internationally also. It has a great testimony and we must try to replicate it in the new AIIMS, he added. He noted that the new Institutes will be n++AIIMSn++ and not n++AIIMS-liken++. n++Innovation for cost effective and affordable healthcare is the need of the day. To take up all these challenge AIIMS needs strengthening and expansion of its facilities. Which we are committed to provide,n++ Shri Nadda said.

Speaking at the ceremony, Shri Venkaiah Naidu said that that in line with the vision of the Prime Minister, we should reform, perform and transform and this initiative reflects that. Shri Naidu further stated that this initiative is going to change the face of AIIMS. n++The profession of doctors is a very noble task and AIIMS has contributed significantly in providing quality healthcare. The expansion plans of the Government would not only improve medical education but will also provide greater access to world class facilities to the citizens,n++ Shri Naidu added. He further said that we should have such premier institute in every state of the country and India is well on its way to becoming a medical hub in the world.

The agreement with NBCC for redevelopment envisages construction of 3060 residential apartments at Ayur Vigyan Nagar campus and 868 apartments at West Ansari Nagar Campus by construction of 3060. The total augmentation of 3928 units would take the total available residential units of AIIMS to 4505. The detailed proposal identifying the housing requirements/type design/project rollout schedule has been firmed up after wide consultations and deliberations by a broad based committee of faculty and consensus was arrived at in a meeting Chaired by the Director, AIIMS in presence of Heads of Departments, Faculty Association, the Officers Union, the Nursing Union and the Karmachari Union .

The agreement with HLL Infra Tech Services (HITES) is for procurement of all types of Medical Equipment and Services including Medical Gas distribution system, CSSD, Modular Operation Theatres for National Cancer Institute, AIIMS, Jhajjar, Haryana. Similarly, HSCC has been selected as a project management consultant for the design, tendering, supervision of engineering components and for equipment procurement and allied infrastructure works for the proposed National Cardiovascular Institute, (NCVI) at the AIIMS second campus at Jhajjar.

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