My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Small Finance and Payment banks have to comply with all regulatory and supervisory frameworks that are applicable to commercial banks
Mar 18,2017

Reserve Bank of India (RBI) issued guidelines for licensing of small finance banks and payments banks on November 27, 2014 and granted in-principle approvals to 10 applicants to set up small finance banks and to 11 applicants to set up payments banks.

The guidelines for small finance banks provide inter-alia that (i) eligible promoters could be resident individuals/professionals with 10 years of banking and finance experience including companies controlled by them etc. (ii) shall primarily undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections (iii) The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore and (iv) all prudential norms and regulations of RBI as applicable to existing commercial banks including requirement of maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR).

The guidelines for payment banks provide inter-alia that (i) eligible promoters can be non-bank Pre-paid Payment Instrument (PPI) issuers; and other entities like mobile telephone companies etc. (ii) shall primarily accept demand deposits upto maximum balance of Rs. 1,00,000 per individual customer. (iii) Issue ATM/debit cards, payments and remittance services. (iv) maintain CRR with the Reserve Bank on its outside demand and time liabilities and invest at least 75 per cent of its n++demand deposit balancesn++ in SLR eligible Government securities/treasury bills.

Licensed under Section 22 (1) of the Banking Regulation Act, 1949, Small Finance and Payment banks have to comply with all regulatory and supervisory frameworks that are applicable to commercial banks with suitable calibrations in view of the differentiated scope of such banks.

Powered by Capital Market - Live News

Government to conduct field trial with plastic banknotes at five locations of the country
Mar 18,2017

It has been decided to conduct a field trial with plastic banknotes at five locations of the country. Approval for procurement of plastic substrate and printing of bank notes of Rs.10 denomination on plastic banknote substrates has been conveyed to RBI.

Plastic banknotes are expected to last longer than cotton substrate based banknotes. Over the years, central banks across the world have been exploring different solutions for extending the lifecycle of banknotes. These include introduction of plastic banknotes and other developments in banknote substrates for enhancing durability including use of natural fibre blends, varnish of banknotes etc.

The following actions have been taken by RBI to focus on the need to discourage people from inscription, scrawling or scribbling on any part of the notes:

i. Vide its Directive dated November 07, 2001 under Section 35 ( A) of B. R. Act, 1935 advised all banks not to write anything on watermark window of banknotes.

ii. RBI has also issued a Press Release on December 31, 2013 on n++RBIs clarification on scribbling on Banknotesn++.

iii. RBI has advised all the bank branches to display at their branch premises at prominent place, a board indicating the availability of notes exchange facility for information of general public.

iv. RBI from time to time issues instructions to banks to organize exchange melas to mop up soiled and mutilated banknotes from circulation.

v. RBI periodically issues Press Releases appealing to the members of public not to inscribe anything on banknotes as it damages the notes and poses difficulty in identifying the features of genuine banknotes.

An inter-disciplinary Standing Committee on Cyber Security has been constituted to review the threats inherent in the existing/ emerging technology and suggest appropriate policy interventions to strengthen cyber security and resilience.

Powered by Capital Market - Live News

Dispensing of fake currency notes through Automated Teller Machines (ATMs)
Mar 18,2017

There have been media reports regarding dispensation of Rs 2000 notes resembling a genuine note but bearing the legend n++Children Bank of Indian++ in place of n++Reserve Bank of Indian++ from Delhi, Meerut (Uttar Pradesh), Sitamarhi (Bihar) and a few other places.

State Bank of India (SBI) has reported one such case from its ATM in SangamVihar, New Delhi on 06.02.2017. One person, working with the cash replenishment agency and responsible for placing the cash in ATMs, has been arrested.

RBI vide Master Circular 01 July 2015 has issued instructions on n++Detection and Impounding of Counterfeit Notesn++.

To keep a check on circulation of fake currency, RBI has taken the following steps:

1. Incorporating new security features /new designs in the banknotes to stay ahead of the counterfeiters is an ongoing process. New security features were added to banknotes in all denominations during the year 2005-2006. Government of India, in consultation with RBI, has initiated the process for introduction of new security features in Indian banknotes.

2. RBI regularly conducts training programmes on detection of counterfeit notes for employees / officers of banks and other organisations handling large amount of cash. RBIs website provides information to the public on security features of banknotes. Posters on Know Your Banknotes are also displayed at bank branches. Regional Offices of RBI participate in various awareness programmes where the members of public are made aware of the features of Indian banknotes and ways to identify genuine Indian banknotes. Posters, leaflets, etc. are also distributed in such awareness programmes. The contents pertaining to awareness on Indian banknotes are available in www.paisaboltahai.rbi.org.in.

3. Instructions have been issued by RBI to banks that banknotes in denominations of Rs.100/- and above should be re-issued by banks over their counters or through ATMs only if these banknotes are duly checked for authenticity/genuineness and fitness by machines. The banks should re-align their cash management in such a manner so as to ensure that cash receipts in denomination of Rs.100 and above are not put into re-circulation without the notes being machine processed for authenticity. A directive in this regard under Section 35A of Banking Regulation Act, 1949 has also been issued to all scheduled banks. In order to obviate complaints regarding receipt of counterfeit notes through ATMs and to curb circulation of counterfeit notes, it is imperative for banks to put in place adequate safeguards/checks before loading ATMs with notes. Dispensation of counterfeit notes through the ATMs would be construed as an attempt to circulate the counterfeit notes by the bank concerned. The responsibility of ensuring the quality and genuineness of cash loaded at White Label ATMs is that of Sponsor Bank.

4. The process of reporting and detection of counterfeit notes, by banks, has also been rationalized in order to safeguard the interests of common man, coming across such counterfeit notes unknowingly and bringing in improvement in reporting. Under the revised procedure, all cases of detection of counterfeit notes at the bank branches / treasuries are required to be promptly reported to Police Authorities in the following manner:

(i) For cases of detection of counterfeit notes upto 4 pieces, in a single transaction, a consolidated report as per the format prescribed should be sent to the police authorities at the end of the month.

(ii) For cases of detection of counterfeit notes of 5 or more pieces, in a single transaction, FIRs should be lodged with the Nodal Police Station / Police Authorities as per jurisdiction.

5. In order to train bank staff engaged in cash handling on features of Indian banknotes, RBI has advised Indian Banks Association to ensure, in consultation with the banks, that all bank personnel handling cash are trained on features of genuine Indian bank notes with the objective to train all such personnel. RBI will also provide faculty support and training materials.

6. The banks have been advised by RBI that wherever counterfeit notes are detected but not impounded and reported, it will be construed as wilful involvement of the bank concerned in circulating counterfeit notes and may attract penal measures.

7. RBI has issued banknotes, in all denominations in Mahatma Gandhi Series - 2005, with a new numbering pattern. Now the numerals in both the number panels of these banknotes are in ascending size from left to right, while the first three alphanumeric characters (prefix) remain constant in size. Printing the numerals in ascending size is a visible security feature in the banknotes so that the general public can easily distinguish a counterfeit note from a genuine one.

8. Government of India in consultation with RBI has withdrawn legal tender character of banknotes in the denomination of Rs.500 and Rs.1000 issued till November 8, 2016, inter alia, to reduce the incidence of Fake Indian currency Notes. RBI has issued Rs.500 and Rs.2000 denomination banknotes in Mahatma Gandhi (New) Series. Details of the same are displayed on the RBI website for the general public. A mobile app has also been launched for creating awareness among the members of public.

Powered by Capital Market - Live News

The existing customers of Subsidiary Banks will have access to SBI global network which has presence in all the time zones
Mar 18,2017

The Cabinet in its meeting on 15th February, 2017 has approved the proposal of acquisition of subsidiary banks of State Bank of India (SBI) i.e. State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore with State Bank of India. It shall come into effect on 1st April, 2017. The merger is aimed at economies of scale and operational efficiency leading to improved supervision process, compliance and productivity in addition to better risk management.

Detailed plans have been chalked out for re-organisation of SBI network including branches of the Associate Banks.

The aggregation of credit exposures by six entities and its oversight by one entity, post merger, imparts focus and helps in better management of the overall credit portfolio especially stressed assets.

Unified operations and efficiency improves productivity, customer service and profitability.

The existing customers of Subsidiary Banks will have access to SBI global network which has presence in all the time zones.

Powered by Capital Market - Live News

A total of 3590 hospitals and 25,732 Dispensaries provide AYUSH medical treatment in the country
Mar 18,2017

A total of 3590 hospitals providing AYUSH medical treatment in the country were functional as on 01.04.2016. These include 2820 hospitals of Ayurveda, 256 of Unani, 273 Siddha hospitals, 7 of Yoga, 30 of Naturopathy and 203 homoeopathy hospitals. The number of AYUSH dispensaries in the country as on 01.04.2016 were 25,732. The number of AYUSH registered practitioners in the country as on 01.01.2016 were 7,71,468.

The Central Government, through Centrally Sponsored Scheme of National AYUSH Mission (NAM), extends support for promotion of AYUSH healthcare to the States/UTs for co-location of AYUSH facilities at Primary Health Centres (PHCs), Community Health Centres (CHCs) and District Hospitals (DHs) for development of infrastructure, purchase of equipment & furniture and supply of essential AYUSH medicines. NAM also extends support for development of AYUSH educational institution, Quality control of Ayurveda, Siddha, Unani & Homoeopathy (ASU & H) drugs and Medicinal Plants. Further, under National Health Mission (NHM), support is provided to States/UTs for strengthening their healthcare systems including for mainstreaming of AYUSH based on the requirements posed by the States/UTs in their Programme Implementation Plans (PIPs). These supports also include support for engagement of AYUSH doctors/paramedics in public health facilities.

The AYUSH Ministry has set up National Institutes and Research Centres in a few States which will be extended to other states gradually. Post Graduate courses in AYUSH medicine have been started in these National institutes to meet the demand for good quality professionals, the Minister explained. Shri Shripad Naik also said that the AYUSH Ministry is working with the Ministry of Health & Family Welfare to provide AYUSH Medicines at the 3000 Government medical stores across the country.

Powered by Capital Market - Live News

Five Universities identified by UGC for Yoga department and courses from academic year 2016-17
Mar 18,2017

There are 03 institutions under the Ministry of AYUSH, which are imparting education in Yoga and Naturopathy including Yoga and Naturopathy in the country :-

(a) Central Council for Research in Yoga & Naturopathy (CCRYN), 61-65, Institutional Area, Janakpuri, New Delhi - 110 058

(b) Morarji Desai National Institute of Yoga (MDNIY), 68, Ashok Road, New Delhi -110 001

(c) National Institute of Naturopathy (NIN), Bapu Bhavan, Tadiwala Road, Pune, Maharashtra - 411001

Further, University Grants Commission (UGC) identified the following Central Universities to start the Yoga Department and courses on Yoga from the academic session 2016-17:

a. Hemwati Nandan Bahuguna Garhwal University

b. Visva Bharati, Shantiniketan

c. Central University of Rajasthan

d. Central University of Kerala

e. Indira Gandhi National Tribal University

f. Manipur University

There are 08 OPDs run by CCRYN, which provide Yoga therapy to the patients. National Institute of Naturopathy is conducting a Naturopathy & Yoga OPD at its HQ office. Apart from this, they are also running a Sanatorium for HIV+ve persons as an IPD at Panchagani, Dist. Satara.

CCRYN is in the process of establishing Yoga and Naturopathy institutions in the country; which are as under :-

(1). Establishment of 02 Post Graduate Institutes of Yoga and Naturopathy Education and Research (PGIYNER) with 200 bedded Yoga and Naturopathy hospital at Jhajjar, Haryana and Nagmangala, Karnataka.

(2). Establishment of 5 CRIs in different States of the country along with 100 bedded indoor hospital facilities to carry out in depth research studies to establish the efficacy of Yoga and Naturopathy in various remedies.

The Ministry of AYUSH has approved a proposal to establish Naturopathy Hospital, Medical College, Research Unit and Gandhi Memorial at new site Kondhwa, Pune under NIN.

The Ministry has not made any assessment regarding the interest of people towards Naturopathy and Yoga. However, there is a general trend that there is an increase in the number of people registered for Yoga & Naturopathy during last three years. Further, the diseases like digestive disorders, respiratory disorders, skeleton muscular disorders, skin disorders, non-communicable diseases such as diabetes, hypertension, cardiovascular problems, etc. are treated through Naturopathy & Yoga.

National Curriculum Framework (NCF), National Council of Educational Research and Training (NCERT) 2005 recommended Yoga as an Integral Part of Health and Physical Education. Health and Physical Education is a compulsory subject from Class I to Class X and optional from Classes XI to XII. According to National Curriculum Framework 2005, n++the entire group Health and Physical Education and Yoga must be taken together as a comprehensive Health and Physical Education Curriculum, replacing the fragmentary approach current in schools today. As a core part of the curriculum, time allocated for games and for yoga must not be reduced or taken away under any circumstancesn++. Further, they have already developed integrated syllabi on Health and Physical Education from Class I to Class X. The syllabus is available on NCERT website www.ncert.nic.in. The content of Yoga has been included from Class VI onward. It also prepared separate syllabus on Yoga from Upper Primary to Secondary Stage.

NCERT has brought out the following two textual materials for Upper Primary (VI toVIII) and Secondary Stages (IX & X):

(i) Yoga: A Healthy Way of Living (Upper Primary stage) and

(ii) Yoga: A Healthy Way of Living (Secondary Stage)

NCERT organised Yoga Olympiad from school to National Level from 18 to 20 June, 2016.

Government has constituted a National Board for Promotion and Development of Yoga & Naturopathy (NBPDYN), which will also look into the standardization of education & practice of Yoga & Naturopathy.

Powered by Capital Market - Live News

15.33 lakh tonnes of pulses procured towards building the buffer stock
Mar 17,2017

The pulses procured and imported by the designated agencies are stored in their own godowns as well as godowns hired from CWC/SWC/Private parties. The storage capacity available with FCI, CWC, SWC and other state agencies along with private warehouses available in the country are adequate for storing the buffer stock of pulses.

As on 14.03.2017, Government has created a buffer of around 15.33 lakh tonnes of pulses including 4.01 lakh tonnes contracted for imports.  The variety-wise, State-wise stock available is given below in table.

A)    Pulses Procured Domestically

Stock of Buffer Available-State-wise and Variety-wise of Domestic Pulses As on 14.03.2017 in MTs

 S.No.

State

Tur

Moong

Urad

Chana

Masur

1

Madhya Pradesh

60090.94

28809.73

9233.53

374.61

7941.51

2

Maharashtra

270800.85

15446.92

7275.36

1126.31

0.00

3

Andhra Pradesh

582.95

702.30

3665.60

156.10

0.00

4

Telangana

175087.24

72.70

3381.41

0.00

0.00

5

Karnataka

163220.17

2105.75

5050.65

0.85

0.00

6

Gujarat

67273.00

1422.45

77.44

0.00

0.00

7

Rajasthan

0.00

19254.22

189428.97

10101.45

254.49

8

Uttar Pradesh

0.00

22729.92

0.00

0.00

382.29

9

Tamil Nadu

0.00

118.54

0.00

0.00

0.00

10

Haryana

0.00

0.00

1069.35

0.00

0.00

11

Bihar

0.00

0.00

0.00

0.00

16.20

 

Total

737055.15

90662.53

219182.31

11759.32

8594.49

B)    Imported pulses

Stock of Imported Pulses of MMTC and STC  As on 16.03.2017 in MTsStateTurUradDesi Chick peas (Chana)Red Lentils (Masur)Tamil Nadu2845322353Maharashtra2661516922283842472Andhra Pradesh453741690038000Gujarat453783148440301West Bengal9888Total1458203927551222130661

1840 Public authorities aligned with the RTI Online Portal: Dr Jitendra Singh
Mar 17,2017

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh briefed the media on RTI Online Portal.

Dr Jitendra Singh expressed happiness that 1840 Public authorities are aligned with the RTI Online Portal till date. He said that this portal is in line with the Prime Minister Shri Narendra Modis vision of Digital India. The emphasis of the Government has always been on transparency and good governance, he added. He said that the government is persuading the states to implement the RTI Online portal. He said that it is really appreciable to persuade large number of departments to adopt this portal. The Minister also said that RTI online portal will curb delays in responding to the RTIs.

The Secretary, DoPT Shri B. P. Sharma said that RTI Online Portal (https://rtionline.gov.in) was launched in August, 2013, making it convenient for citizens to file RTI requests and First Appeals through on-line. The portal is now bilingual (Hindi & English) and can be operated through online payment of RTI fee and additional payments through SBI gateway. He informed that out of the five Action Points selected by Niti Aayog, all the Public Authorities registered with the Central Information Commission (CIC) will have to be aligned by 30.06.2017. Shri B. P Sharma said that from only 477 Public Authorities (PAs) aligned as on 01 April 2016, 1363 more PAs have been aligned with the portal as on 17 March 2017, taking the total to 1840. Moreover, 198 Public Authorities under Delhi Government have adopted DoPTs RTI web portal. This way the total PAs aligned with RTI portal becomes 2038. The remaining PAs including those from UTs of Puducherry and Chandigarh will be aligned with DoPTs RTI online Portal by 30.04.2017. Majority of the aligned Public Authorities are under the D/o of Heavy Industry, Financial Services, Ministries of Railways, Power, Steel and Health & Family Welfare etc.

During 2015-16, 175 High Commissions and Consulate General of India (CGI) abroad were also aligned with the RTI Portal. For taking forward this initiative, CICs on-line web portal launched in November, 2016 has been integrated with DoPTs RTI on-line portal in order to provide a single window to citizens for filing RTI Request, First Appeal and Second Appeal. Moreover, the RTI Online Portal with minor customization has been implemented in Maharashtra while work is under process in some other States/UTs. As close to 90% internet usage is through mobile, Mobile App for RTI is planned to be rolled out in near future. For awareness creation, a new audio spot along with the existing spot are being aired on All India Radio w.e.f. 1st March, 2017 in Hindi & 10 regional languages. New building of CIC is under construction and provision of providing Video Conferencing facility for disposal of 2nd appeals/complaints is there so that personal appearances may be dispensed with in most cases.

Powered by Capital Market - Live News

Mineral Production during January 2017 was 5.3% higher as compared to January 2016
Mar 17,2017

The index of mineral production of mining and quarrying sector for the month of January (new Series 2004-05=100) 2017 at 146.1, was 5.3% higher as compared to January 2016. The cumulative growth for the period April- January 2016-17 over the corresponding period of previous year has been (+) 1.4 percent.

The total value of mineral production (excluding atomic & minor minerals) in the country during January 2017 was Rs. 22775 crore. The contribution of Coal was the highest at Rs. 9535 crore (42%). Next in the order of importance were: Petroleum (crude) Rs. 5591 crore, Iron ore Rs. 2657 crore, Natural gas (utilized) Rs. 2192 crore, Lignite Rs.901 crore and Limestone Rs. 587 crore. These six minerals together contributed about 94% of the total value of mineral production in January 2017.

Production level of important minerals in January 2017 were: Coal 652 lakh tonnes, Lignite 51 lakh tonnes, Natural gas (utilized) 2650 million cu. m., Petroleum (crude) 31 lakh tonnes, Bauxite 2248 thousand tonnes, Chromite 259 thousand tonnes, Copper conc. 13 thousand tonnes, Gold 139 kg., Iron ore 186 lakh tonnes, Lead conc. 28 thousand tonnes, Manganese ore 221 thousand tonnes, Zinc conc. 168 thousand tonnes, Apatite &Phosphorite 75 thousand tonnes, Limestone 269 lakh tonnes, Magnesite 22 thousand tonnes and Diamond 3670 carat.

The production of important minerals showing positive growth during January 2017 over January 2016 include: Zinc conc. (87.0%), Lead conc. (36.7%), Gold (35.0%), Diamond (31.8%), Iron ore (26.5%), Bauxite (22.4%), Manganese ore (21.4%), Lignite (19.1%), Natural gas (utilized) (11.3%), Copper conc. (8.8%), Coal (3.7%) Petroleum (crude) (1.3%) and Magnesite (0.1%). The production of other important minerals showing negative growth are: Chromite [(-) 17.2%], Apatite &Phosphorite [(-) 14.8%] and Limestone [(-) 3.6%].

Powered by Capital Market - Live News

NTPC Clocks Highest Ever Annual Cumulative Gross Generation of 263.95 BU
Mar 17,2017

NTPC Group achieved highest ever cumulative gross generation of 263.95 Billion Units (BU) till yesterday during current year surpassing previous annual best of 263.42 BU recorded in Financial Year 2016-17. Generation of Group NTPC registered an annual growth of 4.71% over last year.

NTPC Pit Head Coal stations, having capacity of 25840 MW, recorded day PLF of 95.71% on 16-3-17 and cumulative monthly PLF of 91.4% in the month of March,2017 till date. 29 Units of NTPC coal plants have generated at a PLF of more than 100% on 16-3-17.

NTPC stations have continued excellent performance in the current month with Vindhyachal station, Indias largest power station having capacity of 4760 MW, achieving highest ever day generation of 114.254 MU at PLF 100.01% on 8-3-17. Mouda station also recorded highest ever day Generation of 31.2 MU on 9-3-17 and Solar Generation of NTPC touched maximum generation of 2.353 MU on 12-3-17.

NTPC is the largest power utility in the country playing a major role in meeting the power needs of the country thus contributing to its economic and social development by contributing nearly 24 % of countrys generation. NTPC has a vision to be the Worlds Leading Power Company, Energizing Indias Growth. Known for its efficient operations and consistent performance NTPC is the third largest power company in terms of coal based power generation capacity, 2ndin PLF, 3rdin machine availability and 7thin terms of electricity generation, among the top twenty coal based power generating companies globally.

NTPC has total installed capacity of 48,188 MW from its 19 coal based, 7 gas based, 10 solar PV, one Hydro and 9 Subsidiaries / Joint Venture power stations. Company has capacity of over 23,000 MW under implementation at 23 locations across the country including 4300 MW being undertaken by joint venture and subsidiary companies. NTPCs First coal mine Pakri-Barwadih at Hazaribagh became operational in December 2016. First wind power project of NTPC- Rojmal Wind Energy Project 50 MW is being set up in the State of Gujarat.

NTPC recently inaugurated 100 kWp Floating Solar PV plant, the largest of its kind in India as on date, indigenously developed as a part of Make in India initiative, at RGCCPP Kayamkulam, Kerala.

Powered by Capital Market - Live News

Foreign Tourist Arrivals (FTAs) and Foreign Tourist Arrivals (FTAs) on e-Tourist visa during February 2017
Mar 17,2017

Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) & FTAs on e- Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI).

The following are the important highlights regarding FTAs & FTAs on e-Tourist Visa from tourism during the month of February, 2017.

Foreign Tourist Arrivals (FTAs):

n++ The number of FTAs in February, 2017 were 9.56 lakh as compared to FTAs of 8.47 lakh in February, 2016 and 7.61 lakh in February, 2015.

n++ The growth rate in FTAs in February, 2017 over February, 2016 is 13.0% compared to 11.3% in February, 2016 over February, 2015.

n++ FTAs during the period January- February 2017 were 19.40 lakh with a growth of 14.7%, as compared to the FTAs of 16.91 lakh with a growth of 9.0% in January- February 2016 over January- February 2015.

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 source countries was highest from Bangladesh (17.46%) followed by UK (12.20%), USA (11.83%), Russian Fed. (4.29%), Canada (4.26%), France (3.25%), Germany (3.11%), China (2.96%), Sri Lanka (2.91%), Australia (2.62%), Malaysia (2.55%), Japan(2.26%), Thailand (1.83%), Afghanistan (1.73%), and Nepal (1.50%).

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 ports was highest at Delhi Airport (31.86%) followed by Mumbai Airport (16.10%), Haridaspur Land checkpost (9.44%), Chennai Airport (6.72%), Goa Airport (5.58%), Bengaluru Airport (5.14%), Kolkata Airport (4.75%), Cochin Airport (2.61%), Hyderabad Airport (2.49%), Gede Rail Land checkpost (2.43%), Ahmadabad Airport (2.03%), Amritsar Airport (1.49%), Trivandrum (1.37%), Ghojadanga land checkpost (1.24%) and Gaya Airport (1.24%).

Foreign Tourist Arrivals on e-Tourist Visa

n++ During the month of February, 2017 total of 1.70 lakh tourist arrived on e-Tourist Visa as compared to 1.17 lakh during the month of February 2016 registering a growth of 45.2%.

n++ During January- February 2017, a total of 32.18 lakh tourist arrived on e-Tourist Visa as compared to 20.54 lakh during January-February 2016, registering a growth of 56.7% .

n++ The percentage shares of top 15 source countries availing e- Tourist Visa facilities during February, 2017 were as follows:

UK (26.1%), USA (11.0%), France (7.3%), Russian Fed (7.3%), China (5.1%), Germany (4.8%), Canada (3.9%), Australia (3.4%), Korea (Rep.of) (2.2%), Netherlands (1.9%), Ukraine (1.5%), South Africa (1.5%), Spain (1.3%), Singapore (1.2%) and Sweden (1.2%).

The percentage shares of top 15 ports in tourist arrivals on e-Tourist Visa during February, 2017 were as follows:-

New Delhi Airport (42.0%), Mumbai Airport (19.6%), Dabolim (Goa) Airport (13.3%), Chennai Airport (6.3%), Bengaluru Airport (4.9%), Kochi Airport (3.6%), Kolkata Airport (2.3%), Hyderabad Airport (2.0%) Trivandrum Airport (1.7%), Amritsar Airport (1.7%), Ahmadabad Airport (1.5%), Jaipur Airport (0.5%), Tirchy Airport (0.4%), Gaya Airport (0.2%)and Lucknow Airport(0.1%) .

Powered by Capital Market - Live News

Foreign Tourist Arrivals (FTAs)n++ and n++Foreign Tourist Arrivals (FTAs)n++ on e-Tourist visa during February 2017
Mar 17,2017

Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) & FTAs on e- Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI).

The following are the important highlights regarding FTAs & FTAs on e-Tourist Visa from tourism during the month of February, 2017.

Foreign Tourist Arrivals (FTAs):

n++ The number of FTAs in February, 2017 were 9.56 lakh as compared to FTAs of 8.47 lakh in February, 2016 and 7.61 lakh in February, 2015.

n++ The growth rate in FTAs in February, 2017 over February, 2016 is 13.0% compared to 11.3% in February, 2016 over February, 2015.

n++ FTAs during the period January- February 2017 were 19.40 lakh with a growth of 14.7%, as compared to the FTAs of 16.91 lakh with a growth of 9.0% in January- February 2016 over January- February 2015.

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 source countries was highest from Bangladesh (17.46%) followed by UK (12.20%), USA (11.83%), Russian Fed. (4.29%), Canada (4.26%), France (3.25%), Germany (3.11%), China (2.96%), Sri Lanka (2.91%), Australia (2.62%), Malaysia (2.55%), Japan(2.26%), Thailand (1.83%), Afghanistan (1.73%), and Nepal (1.50%).

n++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during February 2017 among the top 15 ports was highest at Delhi Airport (31.86%) followed by Mumbai Airport (16.10%), Haridaspur Land checkpost (9.44%), Chennai Airport (6.72%), Goa Airport (5.58%), Bengaluru Airport (5.14%), Kolkata Airport (4.75%), Cochin Airport (2.61%), Hyderabad Airport (2.49%), Gede Rail Land checkpost (2.43%), Ahmadabad Airport (2.03%), Amritsar Airport (1.49%), Trivandrum (1.37%), Ghojadanga land checkpost (1.24%) and Gaya Airport (1.24%).

Foreign Tourist Arrivals on e-Tourist Visa

n++ During the month of February, 2017 total of 1.70 lakh tourist arrived on e-Tourist Visa as compared to 1.17 lakh during the month of February 2016 registering a growth of 45.2%.

n++ During January- February 2017, a total of 32.18 lakh tourist arrived on e-Tourist Visa as compared to 20.54 lakh during January-February 2016, registering a growth of 56.7% .

n++ The percentage shares of top 15 source countries availing e- Tourist Visa facilities during February, 2017 were as follows:

UK (26.1%), USA (11.0%), France (7.3%), Russian Fed (7.3%), China (5.1%), Germany (4.8%), Canada (3.9%), Australia (3.4%), Korea (Rep.of) (2.2%), Netherlands (1.9%), Ukraine (1.5%), South Africa (1.5%), Spain (1.3%), Singapore (1.2%) and Sweden (1.2%).

The percentage shares of top 15 ports in tourist arrivals on e-Tourist Visa during February, 2017 were as follows:-

New Delhi Airport (42.0%), Mumbai Airport (19.6%), Dabolim (Goa) Airport (13.3%), Chennai Airport (6.3%), Bengaluru Airport (4.9%), Kochi Airport (3.6%), Kolkata Airport (2.3%), Hyderabad Airport (2.0%) Trivandrum Airport (1.7%), Amritsar Airport (1.7%), Ahmadabad Airport (1.5%), Jaipur Airport (0.5%), Tirchy Airport (0.4%), Gaya Airport (0.2%)and Lucknow Airport(0.1%) .

Powered by Capital Market - Live News

Rank of Andhra Pradesh in Human Development Index among 21 major States of India was 9 in 2011-12
Mar 17,2017

According to the report Human Development in Andhra Pradesh prepared for Government of Andhra Pradesh by Center for Economic and Social Studies in 2016, the rank of Andhra Pradesh in Human Development Index(HDI) among 21 major States of India was 12 in 2004-05 and 9 in 2011-12. Moreover, as per the said report, the districts of Andhra Pradesh with a lower HDI in 2004-05 have improved their HDI status faster compared to the other districts by 2011-12. This reflects declining inequalities in HDI across the districts. The same is evident in case of the three components of HDI, viz., standard of living, health and education.

The initiatives taken by the Government to further increase the HDI in the country include:

n++ Promoting institutional deliveries, strengthening of health infrastructure, training of service providers in management of emergency obstetric care and skilled birth attendance, providing ante-natal and post-natal care, organising village health and nutrition days, engagement of an accredited social health activist (ASHA) in the community, establishing referral systems including emergency referral transport, training of service providers in integrated management of neo-natal & childhood illness, training of ASHAs in Home based new born care, training of health care providers in essential new-born care and resuscitation, providing new-born care at all levels, promoting exclusive breastfeeding and complementary feeding, establishment of nutritional rehabilitation centres, strengthening routine immunization programme, focussing on reduction in morbidity and mortality due to acute respiratory infections (ARI) and diarrhoeal diseases, introduction of name based web enabled tracking of pregnant women & children (Mother and Child Tracking System) to ensure antenatal, intra-natal and postnatal care to pregnant women and care to new-borns, infants and children.

n++ Enactment and operationalisation of Right of Children to Free and Compulsory Education (RTE) Act, 2009, SarvaShikshaAbhiyan, Mid-Day-Meal Scheme, National Programme for Education of Girls at Elementary level, setting up of Kasturba Gandhi BalikaVidyalaya, MahilaSamakhya programme, scheme for providing quality education in Madarasas.

n++ Improving the purchasing power of the people through various income generating schemes including Mahatma Gandhi National Rural Employment Guarantee Scheme.

n++ The National Food Security Act, 2013 aims to provide for food and nutritional security in human life cycle approach, by ensuring access to adequate quantity of quality food at affordable prices to people to live a life with dignity.

Powered by Capital Market - Live News

Clarification by Central Board of Direct Taxes on rollback provision in the revised India-Korea Double Taxation Avoidance Agreement
Mar 17,2017

The Central Board of Direct Taxes (CBDT) has clarified that under the revised India-Korea Double Taxation Avoidance Agreement (DTAA), applications for bilateral Advance Pricing Agreement (APA) involving international transactions with Associated Enterprises in Korea for the APA period beginning Fiscal Year 2017-18 can be filed along with request for rollback provision in prescribed form. Such requests for rollback provision shall be processed in accordance with the provisions of Income Tax Act i.e. section 92CC(9A) of the Income Tax Act 1961, and the applicable Income Tax rules in this regard. Inclusion of rollback provision in such bilateral APAs would also be subject to the applicable regulations in Korea. The CBDT has issued the present clarification in response to the queries received from taxpayers regarding availability of rollback provision in respect of bilateral APA applications for APA period beginning F.Y 2017-18.

The existing DTAA between India and Korea was signed on 19th July, 1985 and was notified on 26th September 1986. A revised DTAA between India and Korea for the Avoidance of Double Taxation and the Prevention of Fiscal evasion with respect to taxes on income was signed on 18th May 2015 and entered into force on 12th September 2016. Amongst other changes, the revised DTAA incorporates para 2 in Article 9 (Associated Enterprises). Article 9(2) of the revised India-Korea DTAA provides recourse to the taxpayers of both countries to apply for Mutual Agreement Procedure (MAP) in transfer pricing disputes as well as apply for Bilateral APAs for APA period beginning F.Y. 2017-18.

Powered by Capital Market - Live News

Surplus Coal availability has resulted in Declining of Coal Imports: Shri Piyush Goyal
Mar 17,2017

Union Minister of State (I/C) for Coal, Power, New & Renewable Energy and Mines, Shri Piyush Goyal, said that the total coal imports have been consistently reducing over the last three years. In 2016-17, as on 31 December 2016, the figure has reduced to 144.87 MT as compared to 146.12 MT for the same period in 2015-16. Further, the total coal imports in 2015-16 was 199.9 MT as compared to 217.8 MT in 2014-15.

In the power sector, the coal being imported for blending with domestic coal has been decreasing. The quantity of coal imported by the power utilities in 2015-16 decreased to 37.1 MT from 48.5 MT in 2014-15.

In 2016-17, up to 31 January 2017, the power utilities have imported 16.6 MT coal as against import of 31.6 MT during the same period in 2015-16. For 2016-17, estimated coal demand on provisional basis has been assessed to be 884.87 MT, of which respective demand of steel, cement and captive power including fertilizer sector, has been assessed to be 56.62 MT, 34.37 MT & 91.11 MT respectively.

In 2016-17, there has been decline of coal stocks at pitheads of CIL as well as at Power Plants, as shown below:

 Year /Coal Stocks

(MT)

2014-152015-162016-17
(as on 05.03.17)
Pit Head (CIL)53.4757.6456.33Thermal Power Plants26.1038.8726.48

Shri Goyal further informed that to enhance production from the coal mines and introduce the state of the art technology along with global best practices, 39 projects (9 projects post 2014) with Surface miners, Powered Support Long Wall (PSLW) and Continuous Miner (CMs) have been sanctioned and implemented in CIL as an ongoing process till now.

Powered by Capital Market - Live News