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With effect from midnight of 2 December 2016, old Rs 500 bank notes will not be accepted at petrol, diesel & gas outlets & for purchase of Air Tickets
Dec 01,2016

After the cancellation of legal tender character of old Rs. 500 and Rs. 1000 denomination bank notes, the Government had exempted certain categories of transactions wherein the old high denomination bank notes were accepted. The Government had extended the exemption period for these categories from time to time. At present, exemptions are allowed on certain types of transactions wherein payment of old Rs. 500 bank notes are permitted up to a specified date.

The processes of production, dispatch and distribution of currency notes have been continuing and more cash is flowing into the system steadily. The digital transactions have also made an impressive progress and are expected to significantly improve during the coming days. Now, therefore, as digital transaction options have been increasing across different sections of the economy, it has been observed that the outlets of the oil and gas marketing companies are better equipped to accept payments through digital means. Hence, it has been decided that with effect from the midnight of 2nd December, 2016, petrol, diesel and gas outlets of Public Sector oil and gas marketing companies will be removed from the exempted category for receipt of old Rs. 500 bank notes. It may be noted that supply of LPG continues to be in the exempted category for payment through old Rs. 500 bank notes.

Similarly, purchase of air tickets at the airports was included initially in the exempted category. It is observed that air ticketing counters have facilities to accept non cash/digital payments. Further, enough time has been allowed for travelers to be prepared with legal tender and/or non cash modes of payment. It has, therefore, been decided that with effect from midnight of 2nd December, 2016, the exemption allowed for purchase of air tickets at airports through old Rs. 500 notes will be removed from the exempted category.

The other exempted categories that have earlier been notified will continue to accept old Rs. 500 notes as per the said notifications.

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Government clarifies apprehension under the proposed Taxation Laws (Second Amendment) Bill, 2016
Dec 01,2016

In the wake of Taxation Laws (Second Amendment) Bill, 2016 which has been passed by the Lok Sabha and is under consideration with Rajya Sabha, some rumours have been making rounds that all gold jewellery including ancestral jewellery shall be taxed @75% plus cess with a further penalty liability of 10% of tax payable.

It is hereby clarified that the above Bill has not introduced any new provision regarding chargeability of tax on jewellery. The Bill only seeks to enhance the applicable tax rate under section 115BBE of the Income-tax Act, 1961 (the Act) from existing 30% to 60% plus surcharge of 25% and cess thereon. This section only provides rate of tax to be charged in case of unexplained investment in assets. The chargeability of these assets as income is governed by the provisions of section 69, 69A & 69B which are part of the Act since 1960s. The Bill does not seek to amend the provisions of these sections. Tax rate under section 115BBE is proposed to be increased only for unexplained income as there were reports that the tax evaders are trying to include their undisclosed income in the return of income as business income or income from other sources. The provisions of section 115BBE apply mainly in those cases where assets or cash etc. are sought to be declared as unexplained cash or asset or where it is hidden as unsubstantiated business income, and the Assessing Officer detects it as such.

It is clarified that the jewellery/gold purchased out of disclosed income or out of exempted income like agricultural income or out of reasonable household savings or legally inherited which has been acquired out of explained sources is neither chargeable to tax under the existing provisions nor under the proposed amended provisions. In this connection, a reference to instruction No.1916 is also invited which provides that during the search operations, no seizure of gold jewellery and ornaments to the extent of 500 grams per married lady, 250 grams per unmarried lady and 100 grams per male member of the family shall be made. Further, legitimate holding of jewellery upto any extent is fully protected.

In view of the above, the apprehension sought to be created that the jewellery with the household which is acquired out of disclosed sources or exempted income shall become taxable under the proposed amendment is totally unfounded and baseless.

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Gartner Says Worldwide Server Revenue Declined 5.8 Percent in the Third Quarter of 2016; Shipments Were Down 2.6 Percent
Dec 01,2016

In the third quarter of 2016, worldwide server revenue declined 5.8 percent year over year, and shipments declined 2.6 percent from the third quarter of 2015, according to Gartner, Inc. Among the top five vendors, only Cisco increased revenue in the third quarter, while Huawei and Inspur Electronics saw growth in shipments. HPE, Dell and Lenovo all experienced declines in both server revenue and shipments.

The server market was impacted during the third quarter of 2016 by generally conservative spending plans globally. This was compounded by the ability of end users to leverage additional virtual machines on existing x86 servers (without new hardware) to meet their server application needs, said Jeffrey Hewitt, research vice president at Gartner. Server providers will need to reinvigorate and improve their value propositions to help end users justify server hardware replacements and growth, if they hope to drive the market back into a positive state.

All regions showed a decline in shipments except Eastern Europe, which posted growth of 0.9 percent. In terms of revenue, all regions except for Japan experienced a decline. Japan grew by 1.3 percent.

x86 servers declined 2.3 percent in shipments and 1.6 percent in revenue in the third quarter of 2016. All vendors in the top five except for Cisco experienced a decline in revenue. In x86 server shipments, only Huawei and Inspur Electronics experienced growth.

Despite a decline of 11.8 percent, HPE continued to lead in the worldwide server market, based on revenue, with 25.5 percent market share. Dell declined 7.9 percent, but maintained the second spot in the market with 17.5 percent market share. Lenovo secured the third spot with 7.8 percent of the market. IBM dropped to the fifth position and experienced the largest decline among the top five vendors.

Table 1
Worldwide: Server Vendor Revenue Estimates, 3Q16 (U.S. Dollars)

Company3Q16 Revenue3Q16 Market Share (%)3Q15 Revenue3Q15 Market Share (%)3Q15-3Q16 Growth (%)HPE3,247,087,04525.53,682,417,47727.3-11.8Dell2,227,185,68517.52,419,231,40317.9-7.9Lenovo994,447,2617.81,065,664,1197.9-6.7Cisco929,440,0007.3885,600,0006.65.0IBM889,723,5957.01,327,761,1979.8-33.0Others4,426,866,90934.84,120,053,34830.57.4Total12,714,750,495100.013,500,727,543100.0-5.8

Note: Beginning in the second quarter of 2016, HPEs server sales in China are reflected in H3C.

Source: Gartner (November 2016)

HPE secured the No 1 position in server shipments in the third quarter of 2016, with 18.3 percent of the market. Despite a decline of 9.8 percent, Dell secured the second spot with 16.8 percent market share.Huawei and Inspur were the only vendors in the top five to increase server shipments in the third quarter of 2016.

Table 2
Worldwide: Server Vendor Shipment Estimates, 3Q16 (Units)

Company3Q16 Shipments3Q16 Market Share (%)3Q15 Shipments3Q15 Market Share (%)3Q15-3Q16 Growth (%)HPE493,26818.3613,10122.2-19.5Dell452,38316.8501,26218.1-9.8Lenovo228,0978.5242,0058.8-5.7Huawei163,3556.1134,1634.921.8Inspur Electronics119,9434.599,4173.620.6Others1,234,56745.91,172,72542.45.3Total2,691,613100.02,762,672100.0-2.6

Note: Beginning in the second quarter of 2016, HPEs server sales in China are reflected in H3C.

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Gartner Survey Shows That Mobile Device Adoption in the Workplace Is Not Yet Mature
Dec 01,2016

Mobile device adoption in the workplace is not yet mature, found a recent survey from Gartner, Inc. Although 80 percent of workers surveyed received one or more corporate-issued devices, desktops are still the most popular corporate device among businesses, with more than half of workers receiving corporate-issued desktop PCs.

The survey findings are based on the 2016 Gartner Personal Technologies Study, which was conducted from June to August 2016 among 9,592 respondents in the U.S., the U.K. and Australia.

Thirty-six percent of workers received laptops, including convertible laptops. Adoption of convertible laptops as a corporate-issued device is still very low, but has been gradually increasing. Gartner analysts expect that more employees will receive convertible laptops in the next three years, driven by the Windows 10 refresh that can enhance the user experience with touch-based input. Adding desktops and laptops (including convertible laptops) together, 75 percent of workers will receive at least one PC-type device in mature countries.

In contrast to the high numbers of corporate-issued PCs in the workplace, relatively few workers receive mobile devices. The majority of smartphones used in the workplace are personally owned devices n++ only 23 percent of employees surveyed are given corporate-issued smartphones.

The low adoption of corporate-issued mobile devices underlines the fact that large numbers of personally owned mobile devices are used in the workplace, said Mikako Kitagawa, principal research analyst at Gartner. In fact, more than half of employees who used smartphones at work rely solely on their personally owned smartphones.

The usage rate of personally owned tablets lags behind that of personally owned smartphones. Only 21 percent of employees use tablets n++ regardless of whether they are corporate issued or personally owned.

In the era of mobility, it comes as something of a surprise that corporate usage of smartphones and tablets is not as high as PCs, even when the use of personally owned devices is taken into account, said Ms. Kitagawa. While its true that the cost of providing mobile devices can quickly escalate, proper usage of mobile devices can increase productivity, which can easily justify the extra costs.

When employees are provided with corporate-issued devices, they are generally happy with the devices that they receive. Less than 20 percent of respondents said they were dissatisfied with their employer-provided devices. The satisfaction level is higher with tablets and smartphones compared with desktop and laptops.

Usage of personally owned devices in the workplace is nothing new, but the survey results confirm that this trend has become a new workplace standard. Two-thirds of survey respondents said that they use a personally owned device or devices for work, said Ms. Kitagawa. Smartphones and phablets are the most popular personally owned devices used for work, with 39 percent of employees using them, compared with just 10 percent who are only using corporate-issued smartphones and phablets.

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Moodys: Stable outlook for Asia Pacific power sector reflects consistent regulatory returns, manageable cost increases
Dec 01,2016

Moodys Investors Service says that the stable outlook for the power sector in Asia Pacific over the next 12-18 months is mainly underpinned by consistent regulatory returns and Moodys expectation of manageable increases in fuel costs over the same period, as well as the absence of significant changes to regulatory environments.

Transparent tariff-setting mechanisms will continue to benefit the regulated power utilities in Australia, Hong Kong and Singapore, says Mic Kang, a Moodys Vice President and Senior Analyst.

As for other power companies operating in weaker tariff systems n++ specifically those with a lower ability to recover increased costs n++ the low likelihood of a steep rise in fuel costs should generally result in continued stable business conditions over the next 12-18 months, adds Kang.

Moodys outlook reflects its expectations for fundamental business conditions in the power industry across Asia Pacific over the next 12-18 months.

Moodys report points out that stable industry conditions will in general support the credit metrics of most Moodys-rated power companies across Asia Pacific, despite increasing environmental compliance costs associated with government-led decarbonization initiatives, and growing competitive pressure stemming from new renewable and baseload power plant capacity.

In addition, Moodys believes that most power companies can fund cash shortfalls through debt market issuance, while state-controlled power utilities will continue to benefit from strong government support.

However, many thermal power generators will face medium- to long-term pressure, because of lower dispatch volumes n++ as low marginal cost renewable energy production ramps up n++ and/or increased investments to meet environmental regulations, which may not be fully compensated for through timely tariff adjustments in many countries.

Sector reforms in China (Aa3 negative), Japan (A1 stable) and Korea (Aa2 stable) will have a manageable effect on the operations of power companies during the outlook period. But these reforms will create increasingly challenging business conditions over time, by growing competition and/or potentially reducing the likelihood of extraordinary government support for state-controlled companies.

Thirty nine (74%) of Moodys-rated power companies in Asia Pacific demonstrate ratings with stable or positive outlooks, mainly reflecting broadly unchanged fundamental business conditions, financial profiles consistent with Moodys rating expectations, and/or the positive outlook on a parents rating.

The remaining 14 companies (26%) n++ a majority of which are Chinese power companies and, to a lesser extent, Japans power utilities n++ have ratings which carry negative outlooks or are on review for downgrade.

The negative outlooks or ratings which are on review for downgrade in relation to Chinas power companies are mainly due to the negative outlook on Chinas Aa3 sovereign rating, and the companies weakening credit fundamentals.

Moodys believes Chinas coal-oriented power companies will face greater challenges than those in other regions. Moodys assessment is based on the rapid pace of renewable development in the country n++ which will increase energy supply n++ and an increase in fuel costs, reflecting the recovery in thermal coal prices in the second half of 2016, amid potential delays in the companies ability to pass through such additional costs.

The negative outlooks on the ratings of some Japanese power utilities mainly reflect uncertainty over the timing of restarts of nuclear reactors, given that a sustained recovery in their credit metrics to a large degree depends on their resuming operations.

Meanwhile, Moodys has changed the outlook for Indias (Baa3 positive) power sector to stable from negative, because the increased domestic production of coal will ease constraints on fuel supply, and the Indian governments debt restructuring of the financially weak distribution utilities will likely improve their financial capacity to make timely payments to power generators.

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Toll Collection to Resume on National Highways from Midnight of 2nd December
Dec 01,2016

The collection of toll at all Toll Plazas on National Highways across the country will resume from the midnight of 2nd December, 2016. The Government is taking several steps to ensure smooth movement of traffic along the highways.

All Toll Plazas have been equipped with adequate numbers of POS ( Swipe machines) through which people can make payments using their credit or debit cards. Toll fee can also be paid through pre-paid instruments (electronic wallets)

In addition to the above electronic payment methods, the Government is also encouraging people to buy the RFID based FASTags introduced by the Ministry of Road Transport and Highways to enable cashless payments at Toll Plazas. The FASTags can be stuck on to the windshield of the vehicle, and toll payments are made directly from the pre-paid account linked to it. Arrangements for sale of the FASTags are also being made at selected Toll Fee Plazas. The immediate use of FASTags will entail a 10 percent discount on the toll fee, in addition to faster movement through dedicated lanes at the Toll Plazas.

As for making cash payments, the highway users are being requested to carry adequate change with them to avoid delay. The old Rs 500 notes will be accepted till the midnight of December 15, but this will only be for purchasing FASTags and for making toll payments of more than Rs 200.

Officers and representatives of the National Highways Authority of India are being deployed at all Toll Plazas to ensure smooth operations. Their contact details will be displayed at the Toll Plazas.

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RBIs Liquidity Measures to Continue; Drag Banks Near-term Profitability
Dec 01,2016

India Ratings and Research (Ind-Ra) estimates excess cash reserve ratio (CRR) requirement will additionally cost the banking system INR10.5bn on a monthly basis. The agency believes the relief from the Reserve Bank of India (RBI) would come in a staggered manner, as relieving this high quantum of liquidity all at once will come with challenges.

Unwinding of CRR Hike to be Slow: In Ind-Ras opinion, normalisation of the CRR requirement will be gradual and staggered, as the RBI may exercise caution before releasing the mopped up INR3trn to banks. The persistence of the surplus liquidity conditions will lead the RBI to evaluate alternatives available for liquidity sterilisation. Ind-Ra continues to believe cash management bills can effectively manage the liquidity - owing to their short tenor and consistency with the monetary policy stance.

Floor Placed on Bond Yields: Ind-Ra believes that the RBIs decision to mop up excess liquidity will ensure a floor is put on bond yields. The shorter end of the yield curve is likely to underperform the longer end, as outsized impact will be felt on the former. The longer end of the curve will focus on the evolving global conditions and also upcoming RBIs monetary policy review.

Monetary Policy Transmission to be Impeded: Ind-Ra expects banks to be more proactive in bringing down their term deposit rates, as the increase in CRR requirement creates a drag on the short-term profitability of banks. The move, which is temporary in nature, does not impair the longer term profitability of banks, but induces a larger negative carry on CRR in the computation of the marginal cost-based lending rate (MCLR). In Ind-Ras view, the offsetting impact of a larger negative carry on CRR compared with cheaper deposits would restrict any significant downward movement of MCLR, hampering smooth monetary transmission.

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Cabinet approves inclusion/Amendments in the Central List of Other Backward Classes notified
Dec 01,2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to notify inclusion/Amendments in the Central List of Other Backward Classes notified in respect of States of Assam, Bihar, Himachal Pradesh, Jharkhand, Maharashtra, Madhya Pradesh, Jammu & Kashmir and Uttarakhand.

On the recommendation of the National Commission for Backward Classes (NCBC), a total of 2479 Entries for inclusion, including its synonyms, sub-castes, etc. in the Central List of Other Backward Classes have been notified in 25 States and 6 Union Territories. The last such notification was issued till September, 2016. Meanwhile more advices for inclusion of castes/communities and corrections in the existing list of OBCs for the State of Assam, Bihar, Himachal Pradesh, Jharkhand, Maharashtra, Madhya Pradesh, Jammu & Kashmir and Uttarakhand have been received from NCBC. Accordingly, a total of 28 changes recommended by NCBC in respect of 8 states including Jammu and Kashmir (15 new entries, 09 synonyms/sub-castes and 04 corrections) have been notified.

The changes will enable the persons belonging to these castes/ communities to avail the benefits of reservation in Government services and posts as well as in Central Educational Institutions as per the existing policy. They will also become eligible for benefit under the various welfare schemes, scholarships etc. being administered by the Central Government, which are at present available to the persons belonging to the Other Backward Classes.


The NCBC was set up in pursuance to the Supreme Court judgement in the Indra Sawhney case as per the NCBC Act 1993. Section 9 (Functions of the Commission) of the NCBC Act 1993 states as under:

(i) The Commission shall examine requests for inclusion of any class of citizens as a backward class in the lists and hear complaints of over-inclusion or under-inclusion of any backward class in such lists and tender such advice to the Central Government as it deems appropriate.

(ii) The advice of the Commission shall ordinarily be binding upon the Central Government.

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Cabinet approves Rehabilitation Package for Displaced Families from Pakistan occupied Jammu &Kashmir and Chhamb
Dec 01,2016

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved Central Assistance of Rs. 2000 crore for 36,384 displaced families from Pakistan occupied areas of Jammu & Kashmir (POJK) and Chhamb following an announcement of Prime Ministers Development Package for Jammu & Kashmir-2015 in November, 2015

As per the package, Rs. 5.5 lakh cash benefit per family will be disbursed to the displaced families to enable them to earn an income and subsist their livelihood. The amount will be released to the State Government of J&K to be disbursed to eligible families through Direct Benefit Transfer (DBT).

In the aftermath of partition of the country in 1947, thousands of families from Pakistan occupied areas of Jammu & Kashmir migrated to the State of Jammu & Kashmir. Subsequently, during Indo-Pak Wars of 1965 and 1971, a large number of families were displaced from Chhamb Niabat area of Jammu & Kashmir. Series of relief and rehabilitation packages have been extended by the Government of India/State Government of J&K from time to time to mitigate the hardship of displaced persons from PoJK and Chhamb and to rehabilitate them.

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Nikkei India Manufacturing PMI eases to 52.3 in November 2016
Dec 01,2016

The withdrawal of high-value banknotes in India reportedly hampered manufacturing growth in November, with companies signalling softer increases in order books, buying levels and output. Concurrently, inflation rates for both output charges and purchase costs eased since October.

November data highlighted an eleventh consecutive monthly improvement in manufacturing conditions across India, with the headline seasonally adjusted Nikkei India Manufacturing Purchasing Managers IndexTM (PMITM) registering 52.3. However, down from Octobers 22-month high of 54.4, the latest reading pointed to a modest upturn overall.

One factor contributing to the downward movement in the PMI was a softer expansion in new business inflows. Order books rose at a moderate pace that was the slowest since July. Panellists reported higher demand from domestic as well as external clients, but indicated that growth was hampered by the money crisis. The upturn in new export orders also lost some momentum in November.

Manufacturing production growth slowed amid reports of cash shortages. Softer increases in output were noted in each of the three monitored sectors, with consumer goods producers recording a sharp slowdown in growth.

Although firms continued to step up their quantities of purchases, the rate of expansion eased from Octobers 14-month high. Money issues was the main reason listed by respondents for the softer growth in input buying. By sector, the weakest performer on this front was consumer goods.

As has been observed for around two-and-a-half years, manufacturing employment was broadly unchanged during November. Meanwhile, outstanding business increased for the sixth month running. The rate of backlog depletion was, however, modest and the weakest since June.

There were divergences with regards to stock levels as falling inventories of finished goods contrasted with higher holdings of raw materials and semi-finished items. The drop in post-production stocks was mainly linked by respondents to a slower expansion of output, while the accumulation in stocks of purchases was associated with buying activity growth.

Higher prices paid for a range of raw materials resulted in a further overall increase in input costs. Although solid, the rate of inflation eased since October. November data indicated that less than 3% of firms passed rising cost burdens through to their clients, with 96% of companies reporting unchanged selling prices. Subsequently, the rate of charge inflation softened and was marginal.

Commenting on the Indian Manufacturing PMI survey data, Pollyanna De Lima, Economist at IHS Markit and author of the report, said:

n++PMI data for November showed that the sudden withdrawal of high-value banknotes in India caused problems for manufacturers, as cash shortages hampered growth of new work, buying activity and production.

n++However, whereas some may have anticipated an outright downturn, the sector held its ground and remained in expansion mode. Furthermore, although many surveyed companies commented that further disruption is expected in the near-term, the demonetization of the rupee is anticipated to ignite growth in the long-run as unregulated companies leave the market.

n++Of respite to firms, cost inflationary pressures softened, which in turn encouraged the vast majority of businesses to keep their selling prices unchanged. If this trend is sustained we will likely see further cuts to the benchmark rate.n++

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Cabinet approves the negotiating position adopted by the Government at the Meeting of Parties to the Montreal Protocol of the Vienna Convention
Dec 01,2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the negotiating position adopted by the Government of India at the recent Meeting of Parties (MoP) to the Montreal Protocol of the Vienna Convention for Protection of Ozone Layer that took place during 6-14 October, 2016, in Kigali, Rwanda.

The negotiations at Kigali were aimed at including Hydrofluoro Carbons (HFCs) in the list of chemicals under the Montreal Protocol with a view to regulate their production and consumption and phase them down over a period of time with financial assistance from the Multilateral Fund created under the Montreal Protocol. HFCs are not ozone depleting but global warming substance and if controlled, can contribute substantially to limiting the global temperature and advance actions for addressing climate change.

The Cabinet also approved the proposal of the Ministry of Environment, Forest and Climate Change to argue for adoption of an appropriate baseline years from out of 3 options within a range of 2024 to 2030 with freeze in a subsequent year. The Cabinet approved the flexibility of using any of the options within this range with a combination of the features of the proposed options in consultation with the Government. During negotiations held at Kigali India successfully negotiated the baseline years and freeze years which will allow sufficient room for the growth of the concerned sectors using refrigerants being manufactured domestically thus ensuring unhindered growth with least additional cost and maximum climate benefits.

It was agreed at Kigali that there would be two set of baselines or peak years for developing countries and India will have baseline years of 2024, 2025, 2026. This decision gives additional HCFC allowance of 65% that will be added to the Indian baseline consumption and production. The freeze year for India will be 2028, with a condition that there will be a technology review in 2024/2025 and, if the growth in the sectors using refrigerants is above certain agreed threshold, India can defer its freeze up to 2030. On the other hand, developed countries will reduce production and consumption of HFCs by 70% in 2029. As per the decisions taken in Kigali, India will complete its phase down in 4 steps from 2032 onwards with cumulative reduction of 10% in 2032, 20% in 2037, 30% in 2042 and 85% in 2047.

The Kigali amendments to the Montreal Protocol will also, for the first time, incentivise improvement in energy efficiency in case of use of new refrigerant and technology. Funding for R&D and servicing sector in developing countries has also been included in the agreed solutions on finance.

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Cabinet approves liberalization, simplification and rationalization of Visa regime in India
Dec 01,2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for liberalization, simplification and rationalization of the existing visa regime in India, and incremental changes in the visa policy decided by the Ministry of Home Affairs in consultation with various stakeholders and with approval of the Home Minister.

The approval will facilitate entry of foreigners for tourism, business and medical purposes. This is expected to stimulate economic growth, increase earnings from export of services like tourism, medical value travel and travel on account of business and to make Skill India, Digital India, Make in India and other such flagship initiatives of the Government successful.

This will also considerably ease the travel of foreigners to India for the above-mentioned legitimate purposes.

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Cabinet approves closure of Kota Unit of Instrumentation and Transfer of its Palakkad Unit to Government of Kerala
Dec 01,2016

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved closure of Kota Unit of Instrumentation and transfer of Palakkad Unit of Instrumentation to Government of Kerala.

In this connection, the Cabinet has approved attractive VRS/VSS package at 2007 notional pay scales to employees of Kota Unit of Instrumentation Ltd. including the payment of pending salary, statutory dues etc., which amounts to approximately Rs.438 crore.

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Cabinet approves Mumbai Urban Transport Project (MUTP)- Phase III
Dec 01,2016

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Mumbai Urban Transport Project Phase-III.

The estimated cost of project is Rs.8,679 crore with completion cost of Rs.10,947 crore. The project is expected to be completed in the next 5 years during 13th Plan period.

Western Railway is running suburban services on the existing busy double line between Virar-Dahanu Road which is a part of main line Mumbai -Ahmedabad / Delhi route. Main line is already over saturated and there is no scope for supplementing suburban services on this line. Construction of additional double line between Virar-Dahanu Road will address the demand of commuters in this region. This will provide extension of suburban services from Churchgate to Dahanu Road. Panvel-Karjat double line suburban corridor will cater to the significant urbanization and population growth in recent years in this area. This will also provide alternate route from Karjat to CSTM via Panvel which will be shorter by 23 Km than the existing route via Kalyan and will reduce travel time between CSTM to Karjat by 35 to 40 minutes by slow trains.

Presently, passengers commuting from Kalyan to Vashi/ Panvel or in reverse direction, have to get down at Thane and take Trans Harbour link. This results in congestion at Thane which is already a busy station on Central Railway. Airoli-Kalwa corridor will reduce congestion at Thane station and will also save time as these passengers can travel bypassing Thane. Procurement of new coaches will enhance the quality of service and reduce congestion. The works proposed under trespass control at 22 locations shall significantly reduce trespass and will provide safer environment for the public.

The areas covered by this project are Thane, Palghar, Raigad and Mumbai districts of Maharashtra.


The Mumbai suburban railway network on Central and Western Railways has 376 route Kms. There are five corridors, two on Western Railway, two on Central Railway and one on Harbour Line of Central Railway. Everyday approximately 8 million people travel in suburban section in more than 2900 train services. There is severe overcrowding in the suburban trains specially during peak hours. Due to geographical constraints, spread of the population and location of business areas, the rail network will continue to be the principal mode of mass transport in Mumbai. To meet the demands of the ever growing commuter traffic, new suburban corridor between Panvel-Karjat (28 Route km), new elevated corridor between Airoli-Kalwa( 3 Route km ), quadrupling of Virar-Dahanu Road (63 Route km), procurement of 565 new coaches and trespass control measures in mid sections have been included in Mumbai Urban Transport Project (MUTP)- Phase III.

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Eight core infrastructure output growth inches up to 6.6% in October 2016
Nov 30,2016

The output of eight core infrastructure sector comprising nearly 38% of the weight of items included in the Index of Industrial Production (IIP) has posted healthy 6.6% growth in October 2016 over October 2015. Its cumulative growth during April to October 2016-17 was 4.9%.

Coal production (weight: 4.38%) declined by 1.6% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 increased by 0.7% over corresponding period of previous year.

Crude Oil production (weight: 5.22%) declined by 3.2% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 declined by 3.3% over the corresponding period of previous year.

The Natural Gas production (weight: 1.71%) declined by 1.4% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 declined by 4.0% over the corresponding period of previous year.

Petroleum Refinery production (weight: 5.94%) increased by 15.1% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 increased by 8.9% over the corresponding period of previous year.

Fertilizer production (weight: 1.25%) increased by 0.8% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 increased by 4.8% over the corresponding period of previous year.

Steel production (weight: 6.68%) increased by 16.9% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 increased by 8.5% over the corresponding period of previous year.

Cement production (weight: 2.41%) increased by 6.2% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 increased by 4.8% over the corresponding period of previous year.

Electricity generation (weight: 10.32%) increased by 2.8% in October 2016 over October 2015. Its cumulative index during April to October 2016-17 increased by 4.7% over the corresponding period of previous year.

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