My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
45% of the respondents saw an attitudinal change in senior functionaries (Commissioner level and above)
Jun 29,2016

The Central Board of Excise & Customs (CBEC) had requested FICCI to conduct a tax payers experience survey with the objective of garnering a feedback on impact that reforms undertaken during the last two years had on the ground. FICCI outsourced the survey to KPMG and they jointly reached out to 40000-45000 potential respondents across India. The survey was accompanied with a flier detailing the reforms carried out by the CBEC in the last two years (attached).

The key question of the survey was - n++Do you feel a perceptible change in policies of the CBEC by way of becoming liberal and friendly to the taxpayer?n++ An overwhelming number of respondents, 72%, responded with a n++yesn++ The fact that a tax department had the gumption to ask such a question and the tax payers having actually acknowledged positively, both are a harbinger of increasing maturity of the regulatory eco system of India.

The questionnaire centred upon four themes -

n++ Interaction experience with senior and junior functionaries of the department

n++ Dispute resolution

n++ Information Technology Enabled Services

n++ Refund claims

n++ Evaluation of sectoral reforms undertaken by the CBEC.

As business demographics would suggest, respondents from Maharashtra outnumbered all states, with respondents making up for 30%, Delhi followed at number 2, with 11%. Sectoral responses showed that 46% respondents from service industry, 39% from manufacturing and 15% from the trading community. This trend reveals the importance that service tax has acquired over the years, broadening the tax payer base and accounting for Rs. 2, 11,456 crore which is 26% of the Indirect Tax revenue.

The responses showed that 45% of the respondents saw an attitudinal change in senior functionaries (Commissioner level and above); and 51% acknowledged an improvement at the ground level, at the level of inspectors and above. This should come as heartening news for India Inc, as it is the inspector raj which is considered as the most stubborn stumbling block to improving the tax environment. In wake of widespread allegations of tax terrorism, which has most often been cited as a barrier to entry of foreign investment in manufacturing, the survey sought an opinion on whether the CBEC administration was becoming less adversarial. 32% of the respondents answered in the affirmative, which is indicative of an improving trend but does show that much needs to be done. The most outstanding achievement of the CBEC was getting the customs single window project off-the-block on 1st April 2016. Interestingly, USA had also launched its single window in the same period but had to eventually stagger dates for accommodating different government agencies and had to infact drop FDA altogether for the time being. In Indias case the project was a top most priority with the PMO and Cabinet Secretary, which brought together 6 ministries on a single window. CBECs team evolved a unique methodology to solve teething problems by creating a whatsapp group for continuously receiving a feedback on operational issues faced by the trade and disseminating solutions. At the ports, customs brokers made their own whatsapp groups to share experiences and information. The implementation of the project has shown the power of the digital applications in problem solving and CBECs adaptability in being able to successfully leverage it. In a short span of time, the single window has had a huge impact on custom clearance processes. The survey saw respondents acknowledge the improvement. 76% respondents found improvement in customs clearance process. For a highly IT driven department, it was also very heartening to note that 75% of the respondents were satisfied by the IT enabled services.

Responses on sectoral reforms also generally received a thumbs up, including refunds. 49% of respondents acknowledged a positive change in processing of refunds. Of most interest to foreign businesses were responses to reforms undertaken in SVB (transfer pricing in customs) where 89% of the respondents indicated improvements. Similarly, responses on legislative changes carried out to warehousing in the budget also elicited a positive response from 85% of the respondents. Considering the make in India initiative, central excise has been a major area of focus. 92% of the respondents have acknowledged CBECs success in simplification of customs & excise business processes.

After this poll, FICCI & KPMG have also given to the CBEC a wish list of respondents. The 10 MUST Dos are:

1. Infuse attitudinal changes

2. Focus on Tax evaders

3. Simplify Procedures

4. Fast track adjudication

5. Reduce litigation

6. Expedite refunds

7. Introduce e-communication

8. Improve website and IT Platform

9. Enhance training

10. Improve Office infrastructure

Powered by Capital Market - Live News

ICMR-CEEW Launch the Solar for Healthcare Initiative
Jun 29,2016

The Indian Council of Medical Research (ICMR) has signed an MoU with the Council on Energy, Environment and Water (CEEW), a policy research institution, to launch a new Initiative on Solar for Healthcare. The collaboration will focus on providing effective health care delivery at the last mile by reducing uncertainty in critical infrastructure, particularly electricity supply via cost effective solar-based solutions.

Dr. Soumya Swaminathan, Director General, ICMR said: n++The collaboration with CEEW will bring together synergies between the objective of time to care as mandated in the National Health Mission (NHM) and clean energy as outlined under the National Solar Mission (NSM). Under this collaboration, on a pilot basis, we will install solar systems at select PHCs in partnership with three state governments and evaluate its impact on healthcare delivery and health outcomes. The aim of the collaboration is to create resilient health systems in rural India, benefitting primarily women and children.n++

As of 2015, nearly 35 million citizens in rural India rely on un-electrified PHCs for primary health services. In the absence of electricity, services catered by health institutions such as institutional deliveries, paediatric emergencies, and administering of vaccines get severely affected. Electricity access in health centres is also imperative as a means to facilitate communication services, tele-health applications and to retain skilled health workers. Dr. Arunabha Ghosh, CEO, CEEW, said, n++The collaboration with ICMR supports the systematic and productive advancement in national policies, regulations and actions to leverage solar energy for a social purpose: enhancing the quality of healthcare delivery at various levels of governance.n++

The synergy between health and energy are the two specific goals of this initiative, and the efforts within this collaboration advances on both fronts.

Powered by Capital Market - Live News

Appeal to PMUY beneficiaries not to be influenced by unscrupulous agencies in getting LPG connections
Jun 29,2016

Pradhan Mantri Ujjwala Yojana (PMUY) is aimed at providing LPG connections to poor families, as part of ensuring smokeless kitchens. Under this scheme, LPG connections are provided to women of poor families, without applicable deposit, and with an especially priced Low-Cost Stove. The beneficiaries also have an option of availing interest free loan for purchase of Stove and cost of first refill. Beneficiaries under this scheme are identified based on SECC data, as per 2011 census.

LPG connections under PMUY are released only by Authorized LPG Distributors of Government Oil Marketing Companies, under the supervision of Ministry of Petroleum & Natural Gas (MoP&NG). It has come to notice that in certain areas, some unscrupulous people posing as Government appointed NGOs are trying to contact beneficiaries for facilitating release of LPG connections under PMUY, and are charging money. A few people associated with one such fraud agency operating in Bareilly area (UP) have been arrested by the local Police. It is brought to the notice of all concerned that Government of India through MoP&NG has not appointed any NGO or any other agency for releasing LPG connections under PMUY. Any such NGO/Agency, if operating in any area, is totally illegal and information on same should be provided to Police and other local authorities.

MoP&NG through network of OMC appointed LPG distributors is facilitating release of LPG connections to PMUY beneficiaries. All prospective beneficiaries should only approach LPG distributors of Government Oil Marketing Companies like Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited. In case of any doubt/ clarification, beneficiaries can get in touch with local officers of these Oil Marketing Companies. For the benefit of PMUY beneficiaries, an exclusive toll Free Helpline number (18002666696) has also been provided in multiple languages.

All beneficiaries under PMUY are cautioned that they should not get influenced by any such unscrupulous agency and contact only the authorized distributors/ representatives of Government Oil Marketing Companies.

Powered by Capital Market - Live News

92% Sugarcane dues paid to farmers
Jun 29,2016

During the current Sugar Season 2015-16, about 230 million MT of sugarcane was procured from the farmers by the sugar mills across the country. Out of the total cane price dues payable of Rs.52, 900 Crore, on the basis of Fair and Remunerative Price (FRP), only Rs.4, 225 Crore are pending as cane price arrears are pending for current sugar season. Sugar mills have paid about 92% of their cane dues so far.

Out of the total pending cane price arrears for current sugar season, about Rs.1,975 Crore pertains to Uttar Pradesh which is about 14% of its dues payable. A major portion of the pending arrears about Rs.1,600 Crore belongs to five sugar group companies namely, Bajaj, Mawana, Modi, Simbhaoli and Rana.

Maharashtra being the major sugar producing state has cleared almost 96% of sugar cane dues payable and only Rs.5,90 Crore are pending as arrears. Other major sugar producing state like Karnataka have also paid 94% dues to farmers.

During sugar season 2014-15, the cane price arrears had peaked at Rs.21,800 Crore in the month of April, 2015 which is now reduced to Rs.684 Crore only. Central Government has been consistently monitoring the position of cane price arrear and advising the State Governments for speedy liquidation of arrears.

Powered by Capital Market - Live News

More funds allocated for the development of places related to Dr. Ambedkar
Jun 29,2016

Ministry of Social Justice & Empowerment has allocated additional funds of Rs. 28.81 Crore for the development of places related to Dr. BR. Ambedkar. Out of these Rs. 9.41 Crore has been given for renovating Deeksha Bhoomi at Nagpur, Rs. 2.36 Crore for development of places at Mohad and Rs. 17.03 Crore for the development of places at Chincholi. These allocations have been approved by Shri Thaawarchand Gehlot, Union Minister for Social Justice & Empowerment as a part of 125th Birth anniversary celebrations of Dr. BR. Ambedkar. It may be pointed out that 50% of the amount allocated for Deeksha Bhoomi has already been released to the District Collector, Nagpur to speed up the work.

Powered by Capital Market - Live News

In terms of MPCE highest expenditure was found on communication services amounting to Rs 36.35 and Rs 102.46 in rural and urban areas respectively
Jun 29,2016

The National Sample Survey Office (NSSO), Ministry of Statistics and Programme Implementation has released the report titled n++ Key Indicators of Household Expenditure on Services and Durable Goodsn++ based on the related information collected during July, 2014 to June 2015 as part of NSS 72nd Round. This survey on household expenditure on services and durable goods was the first focused survey of its kind undertaken by National Sample Survey Office.

The survey was designed to collect some demographic particulars, detailed information on household expenditure on transport, miscellaneous consumer services, food expenditures incurred in hotel & restaurants, expenditure on repair & maintenance services availed, hotel lodging charges, and on durable goods other than those used exclusively for entrepreneurial activity in India through a nationwide household survey.

As household expenditure on services forms an important part of Private Final Consumption Expenditure (PFCE), this focused survey is expected to provide improved estimates of household expenditure on the services as compared to the same based on data collected through usual Consumer Expenditure Survey. Also, in this survey, an attempt has been made to apportion the expenditure by the households on durable goods, when the durables are used both for household consumptions and enterprises.

The survey covered the whole of the Indian Union. The results of the survey are based on the sample, canvassed by NSSO, consisting of 7,969 villages and 6,048 urban blocks, spread over all States and Union Territories of the country. The schedule was canvassed in 47,535 households in rural areas and 36,065 households in urban areas during the period July, 2014 -June, 2015.

Some key findings on various aspects of Household Expenditure on Services and Durable Goods in the country as obtained from the survey during July, 2014 -June, 2015 are as follows:

I. Transport Services

n++ Bus / Tram is the most reported means of transport both in rural and urban areas. About 66% households in rural areas and 62% households in urban areas reported expenditure on this particular mode. The next most reported means of transport was Auto Rickshaw (about 38% rural households and about 47% urban households). Taxi, Railways and Rickshaw are the other major modes of transport both in rural and urban areas as reported by the households.

n++ Expenditures on Bus / Tram, Auto Rickshaw, Taxi and Train account for more than 90% of the total expenditure on Transport both in rural and urban areas. Expenditure share of railways as mode of transport contributes much higher proportion in urban areas (12.54%) than that in rural areas (4.41%).

n++ Among different modes of transport, monthly per capita expenditure (MPCE) on Bus/Tram is highest both in rural (₹ 43.43) and urban (₹ 94.89) India.

II. Miscellaneous Consumer Services

n++ Under this miscellaneous group, 14 broad services were considered. These included domestic services, barber & beauty shops, TV & radio services, laundry, dry cleaning, etc., repair & maintenance, communication, religious services, recreational & cultural services, funeral/burial/cremation-related services, business services, services incidental to transport, tailoring services and sewage disposal & sanitation, other services not elsewhere covered.

n++ In both rural and urban areas, about 90% or more households reported expenditure on barber & beauty shops and communication services. In case of budget-share of different types of miscellaneous services in rural areas, communication services accounted for the highest share (25.33%) followed by barber & beauty shops (11.07%), TV & radio services (10.58%), repair & maintenance (10.27%) & tailoring services (10.18%). In urban areas, communication services again accounted for highest share of budget (26.33%) followed by domestic services (12.11 %), TV & radio services (10.22%) and recreational & cultural services (9.95%).

n++ In terms of monthly per capita expenditure (MPCE) also, highest expenditure was found on communication services amounting to ₹ 36.35 and ₹ 102.46 in rural and urban areas respectively.

III. Other Services

n++ Certain other services like repairs and maintenance of some selected items, Annual Maintenance Contract (AMC), hotel lodging and other selected services, which are not covered in the earlier section are considered here under the broad head n++repair & maintenance of selected items, hotel lodging charges, etc n++. All food expenditures in hotels and restaurants were considered under the broad head n++food expenditure in hotels n++

n++ In terms of monthly per capita expenditure (MPCE), expenditure on n++repair & maintenance of selected items, hotel lodging charges, etc.n++ was ₹ 55.77 and ₹ 88.28 in rural and urban areas respectively. On the other hand, the expenditure on n++food expenditure in hotelsn++ was ₹ 68.48 and ₹ 178.00 in rural and urban areas respectively.

IV. Durable goods

n++ The durable goods were grouped into 13 major broad groups, namely, transport equipment, heating, cooling and electricity generation devices, kitchen equipment, equipment for recreation, crockery and utensils, furniture and fixtures, other machines for household work, IT and communication devices, electrical and lighting accessories, productive equipment, sports and medical equipment, miscellaneous durables and jewellery and ornaments.

n++ The pattern of expenditure on different durable goods and their overall contribution in absolute terms, separately for those purchased for mainly using it for enterprise purpose and domestic purpose in the households having Non-agricultural Enterprise (NAE) was studied.

n++ In rural area, the share of budget spent on a particular durable group with reference to total expenditure on durables is highest for transport equipment (about 83%), when the purchase was done mainly for using it for enterprise purpose. The expenditure on each durable group of i) heating, cooling and electricity generation devices ii) IT & communication devices and iii) productive equipment separately accounted for about 4% of budget share. All other durable groups, except furniture & fixtures (1.6%) accounted for very little expenditure (each less than 1% in budget share). When the main purpose of use was for domestic purpose, though the highest budget share was in respect of transport equipment (about 45%), a notably high budget share of about 23% was observed on jewellery and ornaments followed by heating, cooling and electricity generation devices and IT and communication devices (both having a share of about 7% each), and furniture and fixtures (about 5.6%).

n++ In the urban area, almost similar pattern was observed except the fact that a high share of budget, next to transport equipment, was found for heating, cooling and electricity generation devices (about 7.9%) and for IT and communication devices (7.8%) when the main purpose was for enterprise. When the main purpose was for domestic use, high share of budget, next to transport equipment, was on jewellery and ornaments (18%) followed by IT & Communication (9.9%) and heating, cooling and electricity generation devices (8.1%).

n++ In terms of absolute values of monthly per capita expenditure (MPCE) on all durable goods by the households having Non Agricultural Enterprise (NAE), a total expenditure of ₹ 436.85 and ₹ 1468.69 were observed for the main purpose of enterprise and domestic use respectively in rural areas. In urban areas, these values were ₹ 379.63 and ₹ 2601.54 respectively.

Powered by Capital Market - Live News

Nearly 23% of visitor-trips in rural areas were for holidaying as visitors purpose, whereas for urban areas this share was about 59%
Jun 29,2016

The National Sample Survey Office (NSSO), Ministry of Statistics and Programme Implementation has released the report titled n++Key Indicators of Domestic Tourism in Indian++ based on the related information collected during July, 2014 to June, 2015 as a part of NSS 72nd Round. Similar survey on the same subject was last conducted by NSSO during July 2008 - June 2009 as part of NSS 65th Round.

The Domestic Tourism Expenditure Survey was designed to collect detailed information on tourism expenditure alongwith some information on household characteristics, visitor characteristics and trip characteristics relating to domestic overnight trips. The information is required inter-alia for preparation of third Tourism Satellite Account (TSA) by Ministry of Tourism. In addition, some information on trips and expenditure were also collected in this survey in connection with domestic same-day trips.

The survey covered the whole of the Indian Union. The results of the survey are based on the sample canvassed by NSSO, consisting of 8,001 villages and 6,061 urban blocks, respectively, spread over all States and Union Territories of the country. The total number of households in which the Schedule was canvassed was 79,497 and 60,191 in rural and urban India respectively during the period July, 2014 -June, 2015.

Some key findings on various aspects of Domestic Tourism in the country as obtained from the survey are as follows:

I. Households reporting overnight trip

n++ During last 365 days from the date of survey, 19% of Indian households reported at least one overnight trip with any one of the leading purposes as holidaying, leisure & recreation, health & medical and shopping.

n++ During last 30 days from the date of survey, 21% of Indian households reported at least one overnight trip with any one of the leading purposes as business, social, religious & pilgrimage, education & training and others

. II. Characteristics of overnight trips n++ Majority of overnight trips at all-India level (287.2 lakhs from rural and 79.2 lakhs from urban areas), completed during last 365 days, were for the leading purpose of health & medical.

n++ Social trips were the most common ones among the trips completed during last 30 days (501.9 lakhs overnight trips at all-India level) followed by trips for religious & pilgrimage leading purpose (4.85 lakhs trips).

III. Percentage of single female member overnight trips among all single member overnight trips for various leading purposes

n++ Nearly half (48%) of all single member trips undertaken by members from a particular household were performed by females in both rural and urban areas for leading purpose health & medical.

n++ For the business purpose trips, the above proportion for female was very low (2%).

IV. Month of visit (starting month)

n++ Summer season (i.e. May-June) was the peak period for undertaking a trip with leading purpose holidaying, leisure & recreation, whereas, for shopping trips it was winter (December-February).

n++ Religious & pilgrimage trips were started more frequently during the months of July and August.

V. Visitor-trip characteristics

 Nearly 23% of visitor-trips in rural areas were for holidaying as visitors purpose, whereas for urban areas this share was about 59%.

 The share of visitor-trips for heath & medical purposes from rural areas (48%) was nearly twice than that from urban areas (25%).

 More than 80% of overnight visitor-trips completed during last 30 days, were for social purpose both in rural and urban areas.

VI. Mode of travel

n++ Bus was the dominant mode of travel (70% & 55% of visitor-trips in rural and urban areas respectively) for the visitor-trips with any one of the leading purposes being as business, social, religious & pilgrimage, education & training and others, completed during last 30 days.

VII. Trip duration

n++ Average number of nights spent on overnight visitor-trips during last 365 days with any one of the leading purposes as holidaying, leisure & recreation, health & medical and shopping were 5.4 nights and 6.7 nights in rural and urban areas respectively.

VIII. Main destination

n++ At all-India level, main destination of most of the overnight visitor-trips (over 80%) was within the States.

n++ For visitor-trips from outside States with any one of the leading purposes as business, social, religious & pilgrimage, education & training and others, Uttar Pradesh (12.7 lakhs) was the most visited State followed by Andhra Pradesh & Telangana combined (nearly 8.7 lakhs) and Rajasthan (nearly 8.6 lakhs).

IX. Expenditure on overnight trips

n++ Health & medical trips were the costliest overnight trips with average expenditure per trip of ₹ 15,336 followed by trips with leading purpose of shopping (₹ 13,902).

X. Same-day trips

n++ Shopping (35%) and social (34%) were the two most frequent purposes for same-day trips undertaken by the rural households, whereas, from urban areas nearly half of the trips were for social purposes.

n++ Average expenditure on same-day trip combining all leading purposes was ₹ 620 at all-India level.

Powered by Capital Market - Live News

More risks from Brexit than perceived; ASSOCHAM seeks Monitoring Group
Jun 29,2016

The risks to global economy and its spin off to India from Brexit are emerging out to be much larger than initially perceived, making it imperative for the Indian government to heighten the watch on the unfolding political-economic scenario in Europe , by setting up a high level monitoring group comprising inter-ministerial and agency representatives, the ASSOCHAM said.

Given the increased global risks, it would be quite prudent for the government to announce successor of Dr Raghuram Rajan as the RBI Governor sooner than later, the chamber added.

After a brain-storming assessment by its leadership based on the fast moving developments in EU headquarters in Brussels , UK, Germany, France and Italy after the Brexit vote of June 23, the ASSOCHAM has come out with a status paper , suggesting much greater watch on the situation, than just being complacent , taking solace from strong fundamentals of the Indian economy.

The chamber has suggested formation of a high level monitoring group comprising senior officials of the ministries of Finance, Commerce, Information Technology and the Reserve Bank of India. Active involvement of Indian High Commission in London and missions in several European capital be sought in getting the real time information with a proper perspective from ground zero. Constant inputs should be sought from the Indian firms with base with Britain and across the European continent.

n++The damage is not limited to the global economy and the stock market sentiment. The trouble lies in a widening political divide between Britain and the rest of the EU leadership on the one hand and then within UK, on the other. With this kind of charged up political environment, the damage to the world economy would be much more than just a few sectoral gains or lossesn++, the ASSOCHAM Paper highlighted.

The paper analysed the situation well beyond the currency movement of the Pound Sterling and Euro against Dollar and the arbitrage impact on the Indian firms doing trade in Europe.

n++There are clearly two big takeaways, as assessed by the ASSOCHAM top policy making leadership, from the Brexit. First, there would certainly be a damage to the market sentiment, leading to disruption in the investment flows alongside an impact on the currency valuations. Secondly, the way political relations evolve between the EU and the British leaders would be the key , because those would determine the terms of divorce. Any harsh and bitter outcome would be disastrous for the world trade and investment,n++. Article 50 of the Lisbon Treaty on terms of breaking away from EU membership is likely to be triggered soon , as EU leaders, including UK Prime Minister David Cameron converge in Brussels to chart out further roadmap.

ASSOCHAM Secretary General Mr D S Rawat who has been reaching out to the chambers offices in London, Paris and Spain has said though the RBI has been doing professional job par excellence, extra-ordinary situation may emerge as different trading giants like China might tweak their currency valuation, making going tough for the Indian exports to the EU, Indias largest trading partner. n++An eagle eye must be kept on China,n++ he said. As it is, Indias exports have slowed for more than 18 months in a row, and any rise from here would largely be on account of a very low base impact.

Powered by Capital Market - Live News

Ind-Ra: India to Remain the Third Largest Consumer of Crude in the Next Decade
Jun 29,2016

India will remain the third largest crude oil consumer in the world, since India is unlikely to overtake the crude consumption levels in US and China over the next decade, says India Ratings and Research (Ind-Ra). As per the latest BP statistical review, India has emerged as the third largest consumer of crude oil, after US (19.39mbpd) and China (11.96mbpd) and displacing Japan (4.15mbpd) from the third position. Ind-Ra believes India will remain third, even if Indian consumption grows at a CAGR of 10% (double the rate of crude consumption growth of 4.8% over 2005-2015) in the next decade.

Globally, crude continues to be largest provider of primary energy. The overall primary energy consumption in India measured in million tonnes oil equivalent (mtoe) has grown by 5.9% CAGR to 700mtoe over 2005-15. Chinas overall energy consumption grew by 5.3% to reach 3014mtoe, while US and Japans energy consumption contracted by 0.3% and 1.5% respectively. Though India has moved to the third position, this growth presents a problem of energy security, as India continues to import bulk of its crude needs. With domestic gas production is also dwindling, the gas requirements have also been met from imported re-gasified liquefied natural gas. While a growing population will lead to higher energy consumption, India needs to look at lowering its overall energy consumption by bringing in greater efficiency in the usage of end fuels, namely coal (through better boiler efficiency, scrapping old plants, greater focus on renewable energy generation and demand side energy management), petrol and diesel (higher efficiency in vehicles and higher usage of solar power electric vehicles and strengthening of public transport system).

During CY15 Indias crude oil consumption grew by 8.1% to 4.2mbpd compared to a contraction of 3.7% registered by Japan. Over the last ten years (2005-2015) Japan registered a CAGR of negative 2.5% compared to 4.8% for India during the same period in crude oil consumption.

The growth in crude oil consumption in India has been driven by the strong demand for the end product in the country, with demand growing by 11.2% in FY16 with a strong growth recorded by petrol, diesel, LPG, and Naptha sales at 14.3%, 7.5%, 8.8% and 22.5% respectively. The demand for petrol has been driven by strong passenger vehicle sales, while diesel demand is driven by strong commercial vehicle sales and the rise of taxi aggregator apps which has resulted in an increase in the overall diesel run passenger vehicles on the road. Also the resumption of mining activities has pushed up demand to some extent. The consumption of LPG and Naptha was driven by the switchover by the industrial consumers from natural gas, due to the cost advantages of both these fuels compared to natural gas.

The decline in the crude consumption by Japan has been on account of a drop in Japanese population, switch to more fuel efficient cars, new cars being electric-gasoline hybrids, a slowing Japanese economy and the closure of oil fired power stations. Moreover, the demand for fuels like petrol and diesel is projected to fall by 1.3% annually up till FY20 as per Japans Ministry of Economy, Trade and Industry. Therefore, Japan is unlikely to show a pick-up in oil consumption over the next two to three years.

Powered by Capital Market - Live News

MoU Signed for Coal Quality Analysis
Jun 29,2016

CSIR- Centre Institute of Mining and Fuel Research (CSIR-CIMFR) signed a Memorandum of Understanding with Coal Supplying companies and Power Utilities for quality analysis of coal being supplied to power utilities by coal companies. The MoU was signed in presence of Dr. Harshvardhan, Union Minister of Science & Technology and Earth Sciences and Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy. The collaboration will enhance energy efficient use of coal by power sector.

While addressing the audience, Dr. Harshvardhan said that Energy has always been a top priority for Prime Minister Shri Narendra Modi and this MoU embarks a historic moment for the energy production chapter of the country. He further said that CSIR - CIMFR has been assigned a very crucial task and I assure you to deliver best possible results in a transparent environment for quality maintenance in coal sector of the country.

Shri Goyal said that it is a very important day, reflecting the team India spirit where three ministries are working together as one to serve the people of India. He added, n++I am sure that this initiaive will help consumers of India significantly by giving them cheaper more affordable power in the years too comen++. The Minister further said that we have been talking about a robust mechanism to have an inspection and proper grading of coal for several months now and I am delighted that committee consisting of NTPC, CIL and others have drawn out a complete mechanism of coal quality testing.

Emphasisng the importance of maintaining coal quality, Shri Goyal said, n++In last two years, by and large we have seen a significant improvement in the quality of coal that is being supplied to the consumers. Infact, NTPC has reported a reduction of nearly 20% in the cost of coal, largely by reducing the imports of coal and equally important- the quality of coal, that is supplied by the coal companies.n++ The Minister also informed that Coal Controller of India has started the process of revisiting the coal grades of each coal mine and 22 mines have been verified till date.

As a part of this MoU, CSIR-CIMFR would make use of its knowledge based support in maintaining the quality of coal at national level for the entire power sector. It is estimated that about 300 million metric tons of coal samples would be analyzed for quality per year. The contract value of the project is around Rs 250 crore per annum at minimum. It is also expected that this project will result in improvement in performance of power plants besides levaraging benefits to the consumer in particular and society as a whole. The endevour would help the nation in sustainable energy supply and security planning for future as it may reduce import of thermal coal.

Powered by Capital Market - Live News

Web based App CMRS for better crop and Nutrient management released for Bihar farmers launched
Jun 29,2016

The Union Agriculture & Farmers Welfare Minister, Shri Radha Mohan Singh today launched Crop Manager for Rice-based Systems (CMRS) - a web based App for better crop and Nutrient management released for Bihar farmers in a program organised at ICAR-RCER in Patna.

While launching the App, the Union Minister congratulated the scientists of different institutes involved in development of this app. The App will be a part of Digital India program, already launched by the Honble Prime Minister, Shri Narendra Modi and will be linked with Soil Health scheme for bringing access to new technologies to rural India.

Crop Manager for Rice-based Systems (CMRS) is a web-based App which can be used with computer, mobile and tablet and aims to increase farmers net income and sustain the productivity for rice-based cropping systems in Bihar, India. CMRS provides irrigated and rainfed farmers with rice-based cropping systems in Bihar with a crop and nutrient management guideline customized to the needs of an individual farmer. CMRS uses a farmers answers to questions on farming practices to automatically generate a rice, wheat, or rabi maize management guideline.

CMRS is designed for use by extension workers, crop advisers, input providers, and providers of services who interview a farmer using a personal computer, smartphone, or tablet. CMRS was adapted, evaluated, and verified in Bihar through collaboration of IRRI with the Indian Council for Agricultural Research- RCER (ICAR); Bihar Agricultural University (BAU), Catholic Relief Services (CRS), and Rajendra Agricultural University (RAU) and CIMMYT.

Powered by Capital Market - Live News

States requested to lift Tur and Urad from buffer stock to sell at Rs 120/kg
Jun 28,2016

Procurement of Rabi pulses reaches to 68,000 MT Procurement of Rabi pulses has reached to 68,000 MT as on June 27, 2016. Thus together with earlier procurement of 51,000 MT of Kharif, total domestic procurement of pulses by government agencies has reached to 1,19,000 MT. Besides this 14,321 MT pulses have been imported by the government agencies against the total contracted quantity of 46,000 MT.

In Delhi, outlets of Kendriya Bhandar and Mother Dairy/ Safal have sold 1058 quintals of Tur and 345 quintals of Urad so far at the rate Rs 120/kg as on 27 June 2016. This was informed in an inter-ministerial review meeting chaired by Secretary, Department of Consumer Affairs, Shri Hem Pande here today. The meeting reviewed the prices of essential commodities and discussed measures to ensure availability these commodities at reasonable prices.

Shri Pande reviewed lifting and distribution of the pulses allocated from the buffer stock to the states. It was decided that the states will be requested again to expedite lifting of pulses - Tur and Urad for distribution at Rs 120 / kg.

The meeting was attended by senior officials of Department of Food, Ministry of Agriculture, Department of Economic Affairs, Department of Revenue, Department of Commerce, Ministry of Statistics and Programme Implementation, MMTC and NAFED.

Powered by Capital Market - Live News

RFID Based Access Control System Inaugurated at Cochin Port
Jun 28,2016

Dr. K. N. Raghavan, Commissioner of Customs, Cochin inaugurated a RFID (Radio Frequency Identification System) newly installed at Ernakulam Wharf of Cochin Port. The RFID is an access control system on digital platform for regulating movement of vehicles, cargo and people into the sensitive wharf area. The system dispenses away with manual checkings and reduces the waiting time at the wharf gates.

Presently, access control of vehicles and persons are done through a manual gate pass system.

The Port Users have registered in the system and have been given RFID tags. These are pasted on the wind shield glass and access is granted when the sensor of the system captures and recognizes the vehicle at the gates. The system works on ultra-high frequency signals and every entry and exit of all vehicles are stored in a system of computers, which enables long period of storage with easy retrieval facility of historical data at any point of time.

The introduction of RFID is one of the key steps in the modernization plan of Indias seaports, formulated by the Government of India, for Port Sector security and efficiency enhancement.

Powered by Capital Market - Live News

DADF Secretary Discuss State Action Plan for National Livestock Mission (NLM) with North East Region Officials
Jun 28,2016

The Secretary (DADF), Shri Devendra Chaudhary held a meeting with the Principal Secretaries/Secretaries/State officials of North East States to discuss State Action Plan for National Livestock Mission (NLM). The agenda of the meeting was to streamline and give the necessary drive and focus on the specific need of the States in NER and the necessary inclusive development.

The Secretary, DADF discussed State Action Plan for NLM during this year so that the outcome of such activities may enhance the income of farmers, Activities more specific to the States of the NER such as piggery development, backyard poultry and livestock insurance were the main focus in the meeting.

As far as National Livestock Mission (NLM) is concerned, a total amount of Rs.4300 lakh has been allocated to the North Easter States for the year 2016-17.

Nagaland, Meghalaya and Mizoram have been directed to give their requirement for 100 piglets of superior germ plasm for each of their pig breeding farms in the State to National Research Centre on Pig, Rani, Guwahati.

The Secretary, DADF directed the States to come up with a plan for genetic up gradation for sheep, goat and pig.

Shri Chaudhary also emphasized on need of deworming of existing population of small ruminants and pig population of the States. Sikkim was allocated Rs.30 lakh, Rs.40 lakh for Tripura, Rs.100 lakh for Nagaland and Rs.100 lakh for Meghalaya to deworm their sheep, goat and pig population.

Powered by Capital Market - Live News

Rs 3700 Crores Require to Implement National Action Plan for Bovine Breeding: Shri Devendra Chaudhary, DADF Secretary
Jun 28,2016

The Secretary for Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture, Shri Devendra Chaudhary discussed the National Action Plan for bovine breeding with the all States at length from 20 to 23 and 27th June 2016 in New Delhi. Shri Chaudhary emphasized the State officials to enhance milk production and productivity of dairy animals in order to double farmers income. The National Action Plan (NAP) was discussed with State officials at length along with increase in population of indigenous cattle. The Secretary, DADF urged the States to frame strategy to enhance productivity of indigenous breeds as indigenous cattle are managed by poor farmers of the country. All the States agreed to implement National Action Plan. State wise physical and financial targets for different category of dairy animals including indigenous cattle were also discussed. The NAP envisages to enhance productivity of indigenous cattle to 5 kg/per animal/day and AI coverage from the present level of 25% to 70% by 2019-20. It was also mentioned that an amount of Rs 3700 crores will be required by States to implement this National Action Plan.

Powered by Capital Market - Live News