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CPI inflation dips to 1.54% in June 2017
Jul 12,2017

The all-India general CPI inflation dipped to fresh record low of 1.54% in June 2017 (new base 2012=100), compared with 2.18% in May 2017. The corresponding provisional inflation rate for rural area was 1.59% and urban area 1.41% in June 2017 as against 2.30% and 2.13% in May 2017. The core CPI inflation eased to 3.75% in June 2017 from 4.14% in May 2017. The cumulative CPI inflation was lower at 2.23% in April-June FY2018 compared with 5.67% in April-June FY2017.

Among the CPI components, inflation of food and beverages dipped to (-) 1.17% in June 2017 from (-) 0.22% in May 2017 mainly contributing to the dip in CPI inflation. Within the food items, the inflation slipped for Vegetables to (-) 16.53%, pulses and products (-) 21.92%, cereals and products 4.39%, spices (-) 0.73% and milk and products 4.15%. The inflation also declined for prepared meals, snacks, sweets etc to 4.92%, sugar and confectionery 8.74%, oils and fats 2.34% and egg (-) 0.08%. However, the inflation rose for meat and fish to 3.49%, fruits 1.98% and non-alcoholic beverages 2.81% in June 2017.

The inflation for housing declined to 4.70%, while that for miscellaneous items dipped to 3.29% in June 2017. Within the miscellaneous items, the inflation for transport and communication eased to 2.01%, education 4.39%, health 3.55% and household goods and services 3.80%, while it rose slightly for personal care and effects to 3.43% in June 2017.

The inflation for clothing and footwear eased to 4.17% in June 2017, while the CPI inflation of fuel and light was flat at 4.54% in June 2017.

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ITPO Signs MoU 2017-18 With DoC
Jul 12,2017

A Memorandum of Understanding (MoU) 2017-18 between India Trade Promotion Organisation (ITPO) and Department of Commerce (DoC), Government of India was signed by Shri L.C. Goyal, CMD, India Trade Promotion Organisation and Smt. Rita Teaotia, Secretary, Commerce, Govt. of India on 07 July 2017.

On this occasion, Shri L.C. Goyal, CMD, ITPO mentioned that, for the year 2016-17, ITPO is expecting to achieve n++Excellentn++ rating as per the self evaluation of MoU targets in which against the MoU target of Rs. 250 crore, the turnover is expected to be Rs. 263 crore. For the year 2017-18, the Excellent financial target for Revenue from operations (Gross Sales) has been fixed at Rs. 228 crore. He observed that, in view of the Redevelopment Project (IECC) at ITPO, achieving various Financial/ Non-Financial targets this year will be difficult. ITPO will, however make all efforts to achieve n++Excellentn++ rating as per the targets given by DPE for the year 2017-18 and ensure delivery of better services to all the stakeholders.

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MOU signed between Department of Defence Production and MIDHANI
Jul 12,2017

Mishra Dhatu Nigam Limited (MIDHANI), a miniratna, Schedule B Defence Public Sector Undertaking under the Department of Defence Production, Ministry of Defence signed Memorandum of Understanding (MoU) for the financial year 2017-18 with the Ministry. The annual MoU was signed by Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf of the Ministry and Chairman and Managing Director, MIDHANI Dr. D K Likhi.

The MoU outlines targets and various performance parameters for the company. The revenue from operations as per the MoU has been targeted at ₹ 780 crore which is significant improvement over the previous years.

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Cabinet approves Development of Four Laning of Solapur-Bijapur Section of New NH-52 in Maharashtra and Karnataka
Jul 12,2017

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for 4 Laning of Solapur-Bijapur Section of New NH-52 (formerly NH-13) in Maharashtra and Karnataka. The development of 4 Laning of about 110 km. is estimated to cost approximately Rs.1889 crore including the cost of land acquisition and pre-construction activities.

Impact

At present, the existing road is two- lane and passes through congested towns of Solapur, Takli and Nandani in Maharashtra and Zalki, Horti and Bijapur in Karnataka. It connects Southern India with Northern India and its development will serve as an alternative route to North South Corridor of the National Highways Development Programme. The development to four- lane of this road with bypasses at Solapur, Bijapur and construction of six flyovers would greatly reduce travel time and Vehicle Operating Costs as well as help in expediting the improvement of infrastructure in Maharashtra and Karnataka states. This road is part of the high-density traffic corridor Banglore-Chitradurga-Bijapur-Solapur-Aurangabad-Dhule-lndore-Gwalior.

The provision for two by-passes will ensure decongestion of the urban areas of Solapur and Bijapur. Similarly, the six flyovers would facilitate fast movement of traffic in Solapur, Mandrup, Zalki and Bijapur towns while simultaneously decongesting the areas. The two trucks lay- bys will facilitate smooth movement of freight traffic. The truck drivers would also benefit from the amenities in the two rest areas being developed. On both sides, provision for service roads in 14 km of the project stretch, slip roads in about 40 km and bus shelters at 24 locations will benefit safe, comfortable and smooth movement of long distance commercial traffic as well as movement of local traffic in inhabited/urbanized areas. Tourists will also get benefit of better connectivity to nearby important tourist places of Bijapur, Hampi and Chitradurga.

The project would also increase employment potential for local labourers from project activities. It has been estimated that a total number of 4076 mandays are required for construction of one kilometer of highway. As such, employment potential of 448360 (approx.) mandays will be generated locally during the construction period of this stretch. Consequent self-employment due to improved traffic conditions would be in addition to the above.

Enhanced Connectivity

The important tourist places of Bijapur, Hampi near Hospet and Chitradurga will get enhanced connectivity, while Solapur being a Textile centre will also benefit from the increased economic opportunities. The existing traffic on this stretch is about 20000 PCUs. Keeping in view the expected traffic growth in the near future, the expansion to four Lanes is a very timely step taken by the Government of India.

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Cabinet approves SASEC Road Connectivity Investment Program - Tranche 2
Jul 12,2017

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for upgradation and widening of 65 kms of Imphal-Moreh Section of NH-39 in Manipur at a cost of Rs. 1630.29 crores.

Manipur being a landlocked state with almost 90% of the area under difficult terrain presently has only road transport as a means of mass transport system within the state. Hence development of the road infrastructure is of paramount importance to improve connectivity and progress of the State and to ensure that the administrative set up reaches the isolated and remote habitats. The project will improve connectivity between Imphal with the eastern part of the state. Based on the existing and projected traffic requirements the NH-39 will be widened to 4 lane between Lilong village and Wanginj village, while the stretch between Wanginj village to Khongkhang will be upgraded to 2 lane with paved shoulder.

The project is being developed with ADBs loan assistance under the South Asian Sub-Regional Economic Cooperation (SASEC) Road Connectivity Investment Program which aims at upgradation of road infrastructure in Bangladesh, Bhutan, Nepal and India (BBIN) in order to improve the regional connectivity among BBIN nations. The project corridor is also a part of the Asian Highway No. 01 (AH01) and acts as Indias Gateway to the East. Thus trade, commerce and tourism in the region will get a boost.

Background

For fulfilling Indias Look East Policy and to promote and enhance trade link with South East Asia, the Government of India has notified an Integrated Custom Post (ICP) at Moreh. The development of this project is essential in order to support the increased traffic volume due to coming up of ICP. The workers of Manipur who specialize in creating bamboo and wood based handicraft items and uniquely designed hand woven textile items will get a new market among the Myanmars customers. Small scale industries such as those making farm implements and tools, stationery, plastic extrusion items, carpentry units, could also develop markets beyond the border.

Besides socio-economic development the project will also lead to reduction in average travel time along the project road by nearly 40%. In addition, the new features of road safety namely vehicular underpasses, crash barriers, road signs & markings, service roads for segregation of slow and high moving traffic, truck lay-by, bus-bays etc. will help in greatly reducing accidents. Improved highway and lesser travel time will lead to savings in terms of fuel cost.

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Cabinet approves enhancement of the age of superannuation of Medical Officers of Central Armed Police Forces and Assam Rifles
Jul 12,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for enhancement of the age of superannuation in respect of

(i) General Duty Medical Officers of Central Armed Police Forces and Assam Rifles from 60 to 65 years and

(ii) Specialist Medical Officers of Central Armed Police Forces and Assam Rifles of the Ministry of Home Affairs from 60 to 65 years.

It would help in retention of officers in Specialist and General Duty Medical Cadre and thereby help in better patient care, proper academic activities in Medical colleges as also in effective implementation of National Health Programmes for delivery of health care services.

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Cabinet approves establishment of the IRRI, ISARC at campus of NSRTC in Varanasi
Jul 12,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the establishment of the International Rice Research Institute (IRRI), South Asia Regional Center (ISARC) at campus of National Seed Research and Training Center (NSRTC) in Varanasi.

Under the proposal, a Centre of Excellence in Rice Value Addition (CERVA) will be set up in Varanasi. This will include a modern and sophisticated laboratory with capacity to determine quality and status of heavy metals in grain and straw. The Centre will also undertake capacity building exercises for stakeholders across the rice value chain.

This Center will be the first international Center in the eastern India and it will play a major role in harnessing and sustaining rice production in the region. It is expected to be a boon for food production and skill development in the eastern India and similar ecologies in other South Asian and African countries.

Benefits from ISARC

The Centre will help in utilizing the rich biodiversity of India to develop special rice varieties. This will help India to achieve higher per hectare yields and improved nutritional contents. Indias food and nutritional security issues will also be addressed. The Centre will support in adopting value chain based production system in the country. This will reduce wastage, add value and generate higher income for the farmers. The farmers in Eastern India will benefit in particular, besides those in South Asian and African countries.

Management of ISARC

ISARC will operate under the governance of the IRRI Board of Trustees who will appoint an appropriate IRRI staff member as Director. A Coordination Committee will be headed by Director General, IRRI as Chair and Secretary, Government of India, Department of Agriculture, Cooperation and Farmers Welfare (DACFW) as Co-Chair. The other members of Coordination Committee are Deputy Director General (Crop Sciences), ICAR; Director, NSRTC; IRRI representative in India, representative of Government of UP and representatives of Governments of Nepal & Bangladesh and Private Sector.

For setting up of the Centre, A Memorandum of Agreement, will be signed between DAC&FW and IRRI, Philippines. The Department of DAC&FW will provide physical space for laboratories, offices, training classes, etc. with associated infrastructure and land at NSRTC, Varanasi. The Centre will be commissioned within six months.

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Cabinet approves Joint Interpretative Notes on the Agreement between India and Bangladesh for Promotion and Protection of Investments
Jul 12,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the Joint Interpretative Notes (JIN) on the Agreement between India and Bangladesh for the Promotion and Protection of Investments.

The JIN would impart clarity to the interpretation of the existing Agreement between India and Bangladesh for the Promotion and Protection of Investments (BIPA). The JIN includes interpretative notes to be jointly adopted for many clauses, including, the definition of investor, definition of investment, exclusion of taxation measures, Fair and Equitable Treatment (FET), National Treatment (NT) and Most Favoured Nation (MFN) treatment, expropriation, essential security interests and Settlement of Disputes between an Investor-and a Contracting Party.

Joint Interpretative Statements in general play an important supplementary role in strengthening the investment treaty regime. With increasing Bilateral Investment Treaty (BIT) disputes, issuance of such statements is likely to have strong persuasive value before tribunals. Such pro-active approach by States can foster a more predictable and coherent reading of treaty terms by arbitration tribunals.

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Cabinet approves Joint Declaration of Intent (JDI) between India and Germany on cooperation in the field of Health
Jul 12,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for signing a Joint Declaration of Intent (JDI) between India and Germany on cooperation in the field of Health. The JDI was signed on 1st June, 2017.

The JDI covers the following areas of cooperation :-

a) postgraduate education;

b) training of medical personnel;

c) pharmaceuticals and pharmacoeconomics; and

d) health economics.

A Working Group will be set up to further elaborate the details of cooperation and to oversee the implementation of this JDI.

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Cabinet apprised of MoU between India and Bangladesh for cyber security cooperation
Jul 12,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and Bangladesh on cyber security cooperation between Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology of India and Bangladesh Government Computer Incident Response Team (BGD e-Gov CIRT) Bangladesh Computer Council of Information and Communication Technology Division under the Ministry of Posts, Telecommunications and Information Technology of Bangladesh. The MoU was signed on 8th April, 2.017.

The MoU intends to promote cooperation between CERT-In and BGD e-Gov CIRT and includes exchange of information on Cyber attacks and cyber security incidents; Cyber security technology cooperation; exchange cyber security policies and best practices and Human Resource Development in this field in accordance with the relevant laws and regulations of each country and on the basis of equality, reciprocity and mutual benefits.

The MoU between CERT-In and BGD e-Gov CIRT would be implemented through a duly set up Joint Committee on Cyber Security.

Background:

CERT-In is a national nodal agency under Ministry of Electronics and Information Technology, Government of India, with the objective of securing Indian cyber space. Hence, CERT-In is collaborating with overseas Computer Emergency Response Teams (CERTs) for incident response and resolution.

The agreement comes in the backdrop of Governments, business and consumers are increasingly faced with a variety of cyber threats. Besides, there is a need to further improve cyber security readiness and raise awareness around the importance of keeping systems secure and security practices and procedures current and recognizing the importance of cooperation by the two organizations in the area of cyber security.

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Cabinet approves creation of three posts of Directors for the three new AIIMS in Andhra Pradesh, West Bengal and Maharashtra
Jul 12,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the creation of three posts of Directors in the pre-revised scale of Rs.80,000 (fixed) {plus NPA Ceiling limit 85000} for the three new AIIMS at Mangalagiri near Guntur in Andhra Pradesh, Kalyani in West Bengal and Nagpur in Maharashtra.

As per the AIIMS Act 1956 Amended vide AIIMS (Amendment) Act, 2012, there shall be a Chief Executive Officer of the Institute. He shall be designated as the Director of the Institute and shall be appointed by the Institute provided that the first Director of the Institute shall be appointed by the Central Government. The Director shall act as the Secretary to the Institute as well as the Governing Body and support proper functioning and governance of the three AIIMS.

The post will be immediately filled up following due procedures. The post of Director is in the pre-revised scale of Rs 80,000(fixed) {plus NPA Ceiling limit 85000}. The annual financial implication for each of the post of the Director will be around Rs.25 Lakhs, as per the 6th CPC.

Background

The Union Finance Minister in his Budget speech for the Year 2014-15 had announced for setting up of four new AIIMS in Andhra Pradesh, West Bengal, Maharashtra and Uttar Pradesh. Cabinet had approved establishment of new AIIMS at Mangalagiri near Guntur in Andhra Pradesh, Kalyani in West Bengal and Nagpur in Maharashtra at a cost of Rs. 4949 Crore on 07.10.2015. The three AIIMS are being set up as a part of the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).

The Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) was announced in 2003 with objectives of correcting regional imbalances in the availability of affordable/ reliable tertiary healthcare services and also to augment facilities for quality medical education in the country. PMSSY has two components: (i) Setting up of AIIMS like institutions (ii) Upgradation of Government Medical Colleges/Institutions. Under this scheme AIIMS have been established in Bhubaneshwar, Bhopal, Raipur, Jodhpur, Rishikesh and Patna while work of AIIMS Rae Bareli is in progress. Also, three AIIMS in Nagpur(Maharashtra), Kalyani (West Bengal) and Mangalagiri in Guntur (A.P) have been sanctioned in 2015 and two AIIMS have been sanctioned in Bathinda and Gorakhpur in 2016 and Assam in 2017. All necessary steps are being taken for creation of the physical infrastructure and creation of faculty and non-faculty position required for operationalization of these three new AIIMS in Nagpur(Maharashtra), Kalyani(West Bengal) and Mangalagiri in Guntur (A.P). Design Consultant have been appointed for all the three AIIMS on the basis of Global bid as per mandate of the Cabinet. The Master plan for these AIIMS has also been finalized. Detailed designs are under preparation. Proposal for creation of faculty and non-faculty position is under consideration/discussion with Department of Expenditure.

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Cabinet apprised of MoU between India and Palestine on cooperation in the field of Information Technology and Electronics
Jul 12,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and Palestine on Cooperation in the field of Information Technology and Electronics (IT&E).

The MoU intends to promote closer co-operation in the areas of e-Governance, m-Governance, e-Public Services Delivery, cyber security, software technology parks, start-ups ecosystem etc.

The MoU shall come into effect from date of signature of the parties and shall remain in force for a period of 5 years. The MoU shall be implemented by establishing a Working Group on IT&E composed of representatives of the two Parties. Bilateral Cooperation in ICT domain both B2B and G2G will be enhanced. It envisages improving B2B collaboration leading to employment opportunities.

Background:

India has strong political support to the Palestinian cause at international and bilateral levels. India has been contributing material and technical assistance to the Palestinian people. The MOU on cooperation in the field of IT&E was initiated during the 1st Session of JCM in November, 2016.After several negotiations draft MoU was finalised and signed during the VVIP visit from Palestine in May 2017.

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Powering India - Renewable Projects Leap Ahead of Thermal
Jul 12,2017

Private thermal projects are staring at muted power demand, which is the effects of non-remunerative tariffs partly due to aggressive bids and some adverse perception due to falling renewable tariff, says India Ratings and Research (Ind-Ra). Ind-Ra believes that private developers are facing more challenges in operating thermal power projects than renewable energy projects.

In contrast, the large target by the government for renewable capacity addition and the focus on renewable purchase obligation along with falling tariffs in competitive bidding regime have led to an increase in demand for renewable energy. Strong counterparties for solar companies including Solar Energy Corporation of India and NTPC Limited (IND AAA/Stable) are providing comfort to developers on payment security. However, an improvement in the financial profile of distribution utilities is important for power projects to have stable revenue receipts.

For some states, particularly Uttar Pradesh and Bihar, which houses a significant proportion of population, the average per capita supply of electricity is lower than the national average. Also, a reliable and continuous supply is yet to be ensured in most states. Electricity demand is likely to grow across the country, driven by industrialisation. In FY16, 44% of electricity demand nationally was attributed to industrial demand, while around 23% was domestic demand (Source: Central Electricity Authority of India; CEA). Per capita supply was 1,075kWh in FY16.

In a falling electricity deficit scenario and excess energy tie-ups by distribution utilities, even amid high demand growth, projected generation capacity is well placed to meet the demand. In the scenario of electricity replacing diesel in applications including diesel generators, agricultural implements and railways, the additional electricity demand can be addressed by a 6 percentage point increase in the plant load factor of thermal plants. Ind-Ra in its estimates considers the amount of electricity that would have been required if all vehicles had become electric in FY17, to indicate the quantum of demand that can arise from the electrification of road transport.

Short-Term Power Trading Set to Rise: Ind-Ra believes that short-term power trading is set to rise, as the difference between the landed cost of power for industries from third party sources remains competitive to the tariff charged by distribution utilities. The transition will be aided by easing transmission congestion, transparency, thermal plants looking to sell untied power, discoms trying to sell excess power, and falling solar power cost.

Solar Manufacturers Operating Margins Contract: Solar tariffs have fallen considerably, preceding even the pace of fall in solar panel prices. The pressure on price of solar panels is set to continue as there is a significant oversupply. The median gross margins were 8% and the median operating margin was negative 2% in 4Q16 for solar manufacturers which shipped about 30GW in 2016 (Source: National Renewable Energy Laboratory). The rise of new technologies in solar modules may also lead to a further price reduction.

Wind Projects Face Grid Curtailment Hurdle: Grid curtailment remains a major risk for wind projects, while the distribution utilities are trying to manage the grid with increasing intermittent power. Wind resource is a major affecting the viability of a project, as wake effect and climate events such as El Nino take a toll on generation.

Counterparty Profiles Display Inconsistency: Inter-state transmission assets continue to exhibit stable operating and receivable parameters, despite being exposed to weak counterparties. Counterparties profile remains inconsistent as distribution utilities treat asset classes differently. Also, many distribution utilities have reported high payable days in their financial statements, while they pay within 90 days to independent power producers. Such anomalies lead to uncertainties in the assessment of counterparty behaviour.

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New Telecom Policy will be Application driven rather than Connectivity driven-Manoj Sinha
Jul 12,2017

The Minister of Communications Shri Manoj Sinha said that his Ministry is working on a new Telecom Policy which will be application driven as compared to National Telecom Policy, 2012 which was connectivity driven. He said that the new policy has to be focussed on the end users and should look at the newer opportunities for expanding the availability of Telecom services. He said, the advent of high speed data services and enhanced expectations of the users to get real time on-demand bandwidth to run near real time live applications enjoins us to prepare new policies and he underlined that for the first time, the Ministry has decided to involve a large pool of experts from outside the department to get more inputs from the citizens and stakeholders for the new policy.

The Minister said that communications Sector has assumed the position of an essential infrastructure for socio-economic development in an increasingly knowledge-intensive world. He said that as of April 2017, the country has close to 1.2 billion telephone connections, including 1.17 billion wireless telephone connections and similarly witnessed the rapid growth of the broadband connections that now stands at 276.52 million. He said, more than the number, it is heartening to see the six-fold increase in Data traffic in India rom 561 million GB in the first quarter to 2988 million GB in the third quarter of 2016-17, which is a whopping 400 % jump.

Shri Sinha said that while our service providers are rapidly deploying the 4 G technology, his focus is on two important aspects- the need to expand the connectivity to all parts including the north-eastern and Left Wing Extremism affected areas and Secondly to keep an eye on future generation that is 5 G technology and ensure that India plays a key role in standards development and get a healthy share of the innovations and patents in the 5G technology pool. He also said that the FDI equity inflow in telecom sector from April, 2016 to March, 2017 was US $ 5564 million, which is more than four times the average inflow of about 1.3 billion dollars every year since 2013-14.

The Minister said that the digital India program and the digital economy requires underlying connectivity as a pre-requisite and added that as road infrastructure used to be a necessity for development in 19th and 20th century, the information superhighways are a must for growth in the 21st century. He said that the Indian Telegraph Right of Way Rules, 2016 was notified that further ease the cable laying approval process and helps in Ease of Doing Business for Telecom Service Providers. He also informed that the Department of Telecom has announced the Central Equipment Identity Register last week, which paves the way for setting up of International Mobile Equipment Identity (IMEI) based device registration and authentication that will settle the cases of Mobile Phone Theft to a great extent. The department is also actively considering the TRAI recommendations on addressing Telecom Consumer Grievances and urged the officers to propose a state-of-the-art technology driven solution that records, monitors and provides end-to-end monitoring of every grievance.

Calling for a revisit of the current HR policies of the Government, the Minister said that there has been a recognition that specialized skills have to be drawn from both within the Government system and also from outside wherever possible as the Centre and the States are woefully short of such skilled resources.

Secretary, Telecom Ms Aruna Sundararajan said that world is looking at India as the next growth engine to grow from 7.6 percent to above 10 percent and it requires huge effort by both the government and the private sector. She urged the Department of Telecom to become an Engine of Transformation and to act as infrastructure builder rather than a regulator. Referring to the customer delight as a hallmark of business success, she urged the officials to achieve the target of 700 to 800 million internet penetration in the next five years for achieving the vision of the Prime Minister for a New India. The Secretary also underlined the need for Standard Development in new technology areas and referred to the case of digital payment, where India leapfrogged in setting the next standard.

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Indias fuel product consumption rises 0.4% in June 2017
Jul 12,2017

Indias fuel product consumption or sales rose 0.4% to 16.54 mt in June 2017 over a year ago. LPG sales moved up 15.9% to 1.87 mt, diesel 6.5% to 6.80 mt, petrol 11.9% to 2.07 mt and ATF 9.2% to 0.60 mt. However, the consumption of petcoke dipped 18.6% to 1.89 mt, kerosene 33.0% to 0.36 mt, fuel oil 12.9% to 0.55 mt, and lubes/greases 23.5% to 0.25 mt. The consumption of naphtha also declined 4.3% to 1.09 mt, others 5.3% to 0.54 mt, bitumen 5.3% to 0.48 mt, and light diesel oil (LDO) 5.7% to 0.03 mt in June 2017.

Consumption or sales of fuel products increased 3.0% to 51.10 mt in April-June 2017 over April-June 2016. Sales of diesel increased 5.8%, petrol 10.6%, LPG 10.6%, and ATF 9.9%. Consumption of petcoke also moved up 1.1% and others 2.1%. However, the consumption of kerosene declined 34.1%, bitumen 9.9%, fuel oil 7.7%, naphtha 3.4%, lubes/greases 10.7% and LDO 1.2% in April-June 2017.

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