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CII Calls for Clarity in Lokpal Act
Jul 26,2016

The Confederation of Indian Industry (CII) has called for urgent clarifications in the Lokpal & Lokayukta Act 2013, regarding definitions of terms such as public servant and financing by government. As per the notification issued last month, officials and senior employees of bodies receiving funding from overseas or from the government beyond specified limits are covered under the Act and must disclose their assets as well as the assets of their spouse and dependent children by 31 July.

n++Industry has welcomed the Lokpal & Lokayukta Act 2013, which aims to curtail corruption among public servants. However, the application of the Act to a wide number of charitable organizations and their functionaries can seriously impede social and philanthropic activities by genuine participants. CII requests the government to extend the deadline for disclosure and also to revisit definition of terms such as public servant and government funding,n++ urged Dr Naushad Forbes, President, CII.

CII has submitted a representation to the Government to (i) extend the timelines for compliance under Section 44 of the Act by three months to enable deeper study, (ii) review applicability of the Act to non-profit organizations, trusts, societies and other organizations and revisit definition of public servant, among others.

n++Unnecessary intervention will adversely create a lot of disruption in the working of trusts, societies, association of persons, charitable and non-profit organizations and we would request the Government to urgently re-examine this legislation,n++ added Dr Forbes.

In its representation to the government, CII has noted that a large number of trusts, societies, charitable and non-charitable organizations, including hospitals and educational institutions, are served by philanthropists and professionals in different capacities. These organizations are dedicated to social and community service and undertake a range of activities for the good and welfare of society. The provisions of the Act are also applicable to not-for-profit organizations and trade bodies which provide services for the competitiveness of industry.

The provision of intimating asset details will discourage senior philanthropists and social workers from participating in social development services, added CII. It will also deter professionals from working in such organizations. The disclosure requirements under the Act, applicable to private citizens and their spouse and dependent children, are said to be more onerous than the Conduct Rules for government servants which are limited to the government official only. Implementation of this measure as currently notified could precipitate immediate resignations from several public and social institutes.

CII stated that the Act is also ambiguous in the definition of wholly or partly financed or controlled by government. There is no clarity if this extends to loans, financial aid or grants, tax exemptions, etc provided by the Central Government. The provisions are incompatible with the Prevention of Corruption Act, 1988, in several respects.

Section 2(1)(o) and Section 14(1)(f-h) of the Act define a public servant as any person who is or has been a director, manager, secretary or other officer of every society or association or trust wholly or partly financed by the government. Such persons of any body receiving over Rs 10 lakh donation in a year from any foreign source or Rs 1 crore from the government would need to submit full details of their assets.

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Need to amend Drugs and Cosmetics Act 1940 to promote e-pharmacy in India
Jul 26,2016

With the advent of e-pharmacy, there is a need to amend the Drugs and Cosmetics Act 1940as it does not differentiate between offline and online pharmacies. The Government is seized of the issue and is working towards amending the existing law to develop a framework where the consumers are benefitted. This was stated by Mr. K. B. Aggarwal, Additional Secretary (Food and Drugs), Ministry of Health & Family Welfare, while launching a report at a session on E-pharmacy in India - Last Mile Access of Medicines, organized by FICCI.

Mr. Aggarwal said that e-pharmacy would allow easy availability of drugs at all hours. However, there were concerns with respect to legitimacy of e-pharmacies, patients safety and privacy, misuse of e-pharmacy and adverse effect on retailers business.

He said that there was a need to create e-pharmacy guidelines which allow proper tracking and monitoring of sales of drugs, authenticity of online pharmacists and prescriptions, details of patients, thereby helping in reducing drug abuse and counterfeiting. He added that linking a persons Aadhar number with e-pharmacy would ensure correctness of person seeking medicines.

Mr. Aggarwal said that for ensuring privacy and confidentiality of information, deliberations were taking place and soon the suggestions will be put up for further discussions among the stakeholders. He added that the DCGI was working towards developing its online platform and the system should be stable by the end of December 2016.

Dr. S. Eswara Reddy, Joint Drugs Controller, Central Drugs Standard Control Organization, said that the Government was working towards drafting a new Drugs & Cosmetics Act, 2016 to meet the current regulatory requirements related to safety, efficacy and quality of drugs. For the government, pharmaceuticals was a priority sector, therefore it was critical to ensure that its regulations are strengthened. He added that there should be a standard format of prescriptions.

In his presentation Mr. Jayant Singh, Director, Frost & Sullivan, said that e-pharmacy was one of the technology advancements that is about to create a huge demand in the upcoming days. There was a huge demand for access models that help patients and consumers avail the convenience of medicine delivery without having to leave their homes. With the use of technology and access to inventory of multiple stores at a time, e-pharmacies can aggregate supplies, making otherwise-hard-to-find medicines available to consumers across the country.

Dr. Manisha Shridhar, Regional Adviser, World Health Organization, said that for sale of online drugs, in the EU legitimate online pharmacies will have to carry a logo and India could learn from their processes and create its own logo for e-pharmacy. She added that there was a need to work on Direct to Consumer (DTC) as with emergence of e-pharmacy many issues will emerge that would need to be deliberated upon.

In his presentation on the consumer survey, Mr. Afaq Hussain, Director, BRIEF Market Research, said that 90 per cent of the respondents were willing to buy medicines online as epharmacy brings with the convenience of ordering from mobile applications; all required medicines are available at one store/website; home delivery of medicines; better quality of medicines; better pricing and e-bill for tacking and reimbursement.

In his Special Address Mr. Arvind Gupta, Founder & Head, Digital India Foundation, said that there was a need to look at e-pharmacy sector in a comprehensive manner keeping in view the entire healthcare chain. He added that the Aadhar number should be integrated when a person seeks drugs from e-pharmacy to monitor drug abuse and its misuse. He added that there was a need to standardize labs to create digi lockers where the patients records are safely documented for reference by doctors.

Mr. Prashant Tandon, Founder & CEO, 1MG, Core Member, FICCI E-Commerce Committee, said that digital tracking and monitoring will take Digital India forward. The Drugs and Cosmetics Act does not address many concerns, hence incremental steps were required to ensure access to quality medicines at affordable price. He added that e-pharmacy sector needs guidelines to function smoothly.

Dr. A Didar Singh, Secretary General, FICCI, said that there was an urgent need to nurture the e-pharmacy sector with the right set of policy frameworks and guidelines in order to provide the benefits that the sector fosters for the consumers. As one of the key agenda of the Government has been to provide easy, quality and affordable access of health services to the consumers, the evolving concept of e-pharmacy will definitely give an impetus to the health sector of the country

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Pro-Active Agri Policies Of Modi Govt. May Transform Farmers Lot: Radha Mohan Singh
Jul 26,2016

With the advent of Modi Government coupled with its pro-farmer policies, the black marketing of urea has come to an end and with policies such as Pradhan Mantri Fasal Bima Yojana, the destitute of farmers in countryside is likely to be the history in next few years provided the states cooperate with centre in implementing its agrarian policies, claimed Minister of Agriculture and Farmers Welfare, Mr. Radha Mohan Singh while addressing the members of PHD Chamber of Commerce and Industry.

Mr. Singh who was speaking at an Interactive Session on Mission 2020 under aegis of PHD Chamber of Commerce and Industry also claimed that by 2017, the farmer community across India will have Soil Health Card in the possession that would not only lead to enhanced productivity of agriculture produce but also their income in general.

On post crop harvest losses as well as losses relating to fruits and vegetables, the Minister held that with ongoing proactively pro-farmer policies of the Modi government, the post harvest grains losses would come down significantly and such losses relating to fruits and vegetables would also be brought down substantially.

According to the Minister, most of the states have begun to cooperate with the centre in the execution of its agrarian policies including those of insurances but few states have yet to come forward on this front. He, however, added that persuasive efforts of the centre in this direction are on and the recalcitrant states would fall in line so that the growth of the agriculture sector also accelerates.

The interactive session was presided over by the President, PHD Chamber, Dr. Mahesh Gupta who felt that with increased income of farmers with suitable government policies, the demand generation for industrial produce would happen at a speed faster than anticipated.

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UP Govt. to soon notify Rs.10 Lakh worth of subsidy for plant and machinery in Micro and SSI Units from presently Rs.2 Lakh-Assistant Commission Noida
Jul 26,2016

The Government of Uttar Pradesh is going to enhance the subsidy element for plant and machinery deployed in units of micro and small scale industries across the state under its technology upgradation mission from Rs.2 lakh to Rs.10 lakh to upgrade quality of products coming out of such units, according to Assistant Commissioner, Industries, Noida, Mr. G P Goswami.

Speaking to the members of PHD Chamber of Commerce and Industry at a Seminar on Empowering Enterprises through Technology under the aegis of Chamber, Mr.Goswami also informed that this technology upgradation mission is available even for startups and standups provided these are setting up plants in the micro and small scale segment in which machineries needed to be deployed in the state.

n++The government of Uttar Pradesh at higher level has taken this decision which is likely to be notified in next 10-15 days and would benefit those entrepreneurs whose total capital investment in such units does not exceed the limit of Rs.5 croresn++, he said.

Mr.Goswami, however, further clarified stating that the UP government has no other particular scheme for startups and standups as these are financed through various schemes of the central government through its commercial banks.

Speaking on the occasion, Deputy General Manager, SIDBI, Mr. A K Pandey said that the newly launched scheme of the central government, relating to startups and standups, though the SIDBI has been financing them with an interest rates of 5% but the response has been not that encouraging since queuing up of startups and standups for these has yet to happen.

He, however, added that some entrepreneurs have come forward to avail of financing and re-financing advantages under this scheme but it has yet to be evolved into success as startups and standups have to come out with project reports that can satisfy the SIDBI and its technological partner who can fathom the economic viability of such project reports.

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Tactical Support Keeps Markets Positive
Jul 26,2016

India Ratings and Research (Ind-Ra) believes that the current momentum will continue in both debt and rupee markets over the coming week, even as two major global central banks - US Fed and Bank of Japan - outline their monetary policies. The 10-year G-sec yield is likely to stay at 7.22%-7.30% (7.25% at close on 22 July 2016). The rupee is likely to trade at 66.8/USD-67.5/USD as investors await cues from central banks (67.08/USD at close on 22 July 2016).

Bond Rally Tactical Rather Than Fundamental: The rally in the domestic bond market after the UK referendum has been largely unidirectional. Ind-Ra believes that the rally is more tactical than fundamental. On the ground, retail inflation surged as markets recovered sharply after the referendum. On the other hand, a well-distributed rainfall and a stable currency have been supportive to positive market sentiments. Ind-Ra believes that with continuation in momentum, the 10-year G-Sec yield can come down further without any immediate cut in the repo rate. However, the agency notes the presence of a significant tail-end-risk uptick in global bond yields as well as persisting uncertainty over who the new RBI Governor could be, which could derail the ongoing positive market sentiment.

Rupee Gains to Stay Capped: Following the initial fallout after the UK referendum, the US Fed rate hike bets have been rising as incoming data signals that economic recovery is on course. In the upcoming Fed meeting this week, however, the Fed is unlikely to go ahead with rate normalisation as the near-term outlook still remains marred with uncertainty, especially with the US elections coming up later this year. Additionally, Bank of Japan is slated to review its monetary policy this week. Currency markets are likely to stay volatile this week as investors internalise developments across the globe. An imminent signalling of a Fed rate hike is likely to keep the rupee gains capped in the medium term.

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India-US Launch Innovative Agriculture Programme to Address Global Challenges
Jul 26,2016

The Ministry of Agriculture and Farmers Welfare and the U.S Agency for International Development (USAID) launched the second phase of the Feed the Future India Triangular Training Programme, bringing specialized agriculture training to 1,500 agricultural professional across Africa and Asia. The Secretary of Agriculture and Farmers Welfare, Shri S.K Pattanayak and U.S Ambassador to India Shri Richard R. Vera launched the programme together at the National Agriculture Science Complex in New Delhi.

Speaking on the occasion, Secretary of Agriculture and Farmers Welfare said that in order to continue our successful partnership programme covering more countries in Africa and Asia, MANAGE as lead institution representing Govt. of India and USAID representing US Government signed a Limited Scope Cooperation Agreement( LSCA) on 7th November, 2005. The new programme will be called as n++Feed The Future: India Triangular Training Programmen++, in which 32 Training programme of 15 days duration will be conducted in India and 12 Training programs of 10 days duration will be conducted in selected African and Asian Countries during 2016-20 i.e., for 4 years. The entire expenditure including participants travel, insurance, lodging, boarding, local travel and programme fee will be met by USAID and MANAGE. The training areas will be identified based on demand analysis conducted in participating countries.

Shri S.K Pattanayak informed that 17 countries covered under the programme are Kenya, Malawi, Liberia, Ghana, Uganda, Rwanda, Democratic Republic of Congo, Mozambique, Tanzania, Sudan, Botswana, Ethiopia in Africa and Afghanistan, Cambodia, Lao PDR, Myanmar, Mongolia, and Vietnam in Asia. Also faculty of MANAGE visited Cambodia and Vietnam in Asia and Tanzania and Mozambique in Africa as part of Demand analysis.

The U.S Ambassador Shri Richard R. Verma said that by harnessing the expertise and innovation of out two great countries, we are unlocking new opportunities to address global development challenges, bringing us closure to our shared objective of eliminating global poverty and hunger.

Shri Richard R. Verma emphasized that the United States and India remain committed to their partnership of working, together to break the vicious cycle of poverty and hunger. Through sharing agriculture innovations worldwide, the U.S and India will help other countries develop their agriculture sectors, helping promote global prosperity and stability.

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Construction of the three new Institutes of AYUSH completed: Shri Shripad Yesso Naik
Jul 26,2016

Construction of the three new Institutes under Ministry of AYUSH, Government of India has been completed. These institutes are : (i) All India Institute of Ayurveda (AIIA), New Delhi: It is apex Institute of Ayurveda with 200 bedded referral hospital to impart education in the field of Ayurveda at M.D. and Ph.D level.

(ii) North Eastern Institute of Ayurveda & Homoeopathy (NEIAH), Shillong: It is a state of the art institute consisting of Ayurveda and Homoeopathy Colleges along with attached hospital of Ayurveda and Homoeopathy with 100 beds and 50 beds respectively. The objective of the institute is to provide better medicinal/clinical facilities to the people of North East Region including Sikkim.

(iii) North Eastern Institute of Folk Medicine (NEIFM), Pasighat-Arunachal Pradesh: It is the Centre of Excellence and apex research centre for all aspect of folk medicine knowledge. The objective of the institute is to provide better medical/clinical facilities in the Region.

Further, under Centrally Sponsored Scheme of National AYUSH Mission (NAM), there is provision for grant-in-aid to the State/Union Territory Governments for setting up of 50 bedded integrated AYUSH Hospital as well as setting up of new AYUSH Educational Institutions in the State where it is not available in the Government Sector including tribal and hilly areas of the country.

The National Medicinal Plants Board is implementing the Medicinal Plants component of the Centrally Sponsored Scheme of National AYUSH Mission (NAM) to promote cultivation of prioritised medicinal plants, establishment of nurseries and their post-harvest management in the States/UTs including tribal and hilly regions. For procurement of medicinal herbs, provision has been made for establishing collection centres, drying sheds & storage godown and market promotion.

The following steps have been taken under National AYUSH Mission to promote and popularise AYUSH medicinal system:

(i) Co-location of AYUSH facilities at Primary Health Centers (PHCs), Community Health Centers (CHCs) and District Hospitals (DHs).

(ii) Up gradation of exclusive State Government AYUSH Hospitals and Dispensaries.

(iii) Setting up of up to 50 bedded integrated AYUSH Hospital.

(iv) Upgradation of State Government Educational Institutions.

(v) Setting up of new State Government AYUSH Educational Institutions in the State where it is not available in Government Sector.

(vi) Public Health outreach activity to focus on increasing awareness about AYUSH strength in managing community health problems,

(vii) Adoption of villages for propagating AYUSH way of life and interventions of health care through AYUSH Gram,

(viii) School Health Programme through AYUSH by way of addressing the health needs of school going children through AYUSH,

(ix) Early prevention of non-communicable diseases and promotion of health care by way of Behaviour Change Communication (BCC) integrated with the principles and practices of AYUSH systems.

Further, the following activities are also undertaken to promote and popularize AYUSH Systems under Central Sector Scheme of Information Education Communication(IEC) :-

(i) Organization of Arogya Fairs both at the National and State Level;

(ii) Participation in Health Fairs/ Melas / Exhibitions organized by Government Departments, State Governments and other reputed Organizations;

(iii) Preparation and distribution of authentic Publicity material on AYUSH Systems including Multi-media/print media campaigns, audio visual materials for popularization of AYUSH Systems;

(iv) Providing financial assistance to reputed organizations, NGOs, educational/ research institutes for organizing Seminars, Conferences, Symposiums, Workshop, meeting, etc. on AYUSH Systems.

(v) Providing incentives to AYUSH Industry to participate in Arogya and other Fairs/ Melas/ Exhibitions/ Conferences/ Seminars etc. organized by Central/ State Governments/ Government organizations/ reputed organizations like Chemexil, Pharmexcil, CII, FICCI, ASSOCHAM, ITPO etc. at State/ National level.

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Volatility in Industrial Output Growth Coupled with High Retail Inflation is a Cause of Concern
Jul 26,2016

The Index of Industrial Production (IIP) and Consumer Price Index (CPI) data released indicate that the challenges for the economy are still very much intact. Even though the IIP has turned positive, the volatility in IIP data indicates that the industrial growth has not stabilised and will remain so for the foreseeable future. The growth in IIP is not showing any relationship with infrastructure industries data. While basic and intermediate goods have registered positive growth rates, there is no correlation with other used-based sectors in the economy.

On the other hand, retail inflation, particularly food inflation is gaining further ground because now even cereals inflation has firmed up above 3% after a gap of 16 months. Ind-Ra believes upside pressure from food inflation will remain a matter of concern as policymakers and the government cannot do much to control the prices of agricultural commodities such as pulses, vegetables and sugar.

Industrial production increased 1.2% yoy in May 2016 against a contraction of 1.3% in the previous month. The growth in factory output was primarily led by positive growth in the manufacturing sector. Manufacturing (75.5% weight in IIP) output increased 0.7% yoy in May 2016 after two consecutive months of negative growth (April: negative 3.7%; March: negative 1.0%). Electricity, which has a weight of 10.3% in IIP, moderated to 4.7% in May 2016 from 14.6% yoy in the previous month. Mining output increased marginally to 1.3% yoy in May from 1.1% in April 2016. Mining growth has oscillated in the range 0.3% to 5.3% since July 2015.

At the used-based level, capital goods output continued its negative trend although it moderated from the previous month. Capital goods output contracted 12.4% yoy in May 2016 against a contraction of 25% in April 2016. Basic and intermediate goods continued with the positive trend and clocked growth rates of 3.9% yoy and 3.6% yoy respectively in May 2016. In-Ra believes a pick-up in capital goods output will require a further improvement in the manufacturing sector activity.

Consumer durables maintained the positive growth trend and grew 6% in May 2016 (April 2016: 11.8%). Negative growth in consumer non-durables moderated to 2.2%yoy in May 2016 from 10.8% yoy in the previous month. A pick-up in rural demand in the wake of above-normal monsoon is likely to give a fillip to both consumer durables and non-durables.

CPI came in at 5.77%yoy in June 2016, almost unchanged from 5.76% in the previous month, led by continued high food prices. Food inflation rose to 7.8% yoy in May from 7.5% yoy in the previous month. Food inflation remains at a much higher level compared to the same period in the previous year (June 2015: 5.4%; May 2015: 4.8%), which is remarkable since 2015 was a drought year. Retail pulses inflation moderated but still remains in high two-digit levels (26.9% yoy in June from 31.6% in the previous month). Vegetable price rose sharply to 14.7% yoy in June from 10.8% in the previous month. Sugar inflation increased to 16.8% yoy in June from 14.1% yoy in the previous month.

Cereals inflation rose to 3.1%yoy in June 2016 from 2.6% yoy in the previous month. Monsoon would have some softening impact on cereals inflation. Rainfall recorded a surplus of 1% (from an 18% deficit a fortnight ago) for the long-period average between 1 June and 6 July 2016. Also, the government can intervene in case of cereals and stabilise prices by increasing supply from the buffer stock. Given the supply and demand gap in pulses, prices are unlikely to see a significant moderation.

Core inflation (non-food non-energy) remained benign as subdued demand kept a check on manufactured products prices. Core inflation moderated to 4.6% yoy in June from 4.8% in the previous month. Fuel price inflation remained unchanged from the previous month at 2.9% yoy in June 2016.

While the room to cut rates in the August 2016 monetary policy may not be available, Ind-Ra believes the headroom may open up in 3QFY17. The bond market gained momentum following the resurgence of rate cut expectations. The debt market is likely to continue its positive momentum, gaining on account of low global yields, softness in crude oil prices and expectations of monetary measures by central banks globally. Additionally, an improvement in liquidity will continue supporting steepening of the yield curve.

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Work on Lucknow - Sultanpur section of NH-56
Jul 25,2016

On the Lucknow - Varanasi section of National Highway the work for 4-laning of Lucknow-Sultanpur section of NH-56 was terminated due to non achievement of financial closure and non- signing of state support agreement. Bids for four laning of Lucknow-Sultanpur section have been re-invited by NHAI and received. The work for 4-laning of Sultanpur-Varanasi section of NH-56 has been awarded in two packages and is under implementation.

In Bareilly-Lucknow section of NH-24, 4-laning of Lucknow-Sitapur section has already been completed and 4-laning of Bareilly-Sitapur section is under implementation.

The work for 4-laning of Lucknow - Kanpur section of NH-25 has already been completed.

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Introduction of Digital Tracking System of Containers
Jul 25,2016

With a view to introducing transparency in container operation, Jawaharlal Nehru Port (JNPT) has signed an agreement with Delhi-Mumbai Industrial Corridor Development Corporation on 14 April 2016. Commercial Operation of Logistics Data Bank (LDB) Project has been operationalized at JNPT w.e.f. 01 July 2016 on a pilot basis. The logistics Data Bank Service would bring efficiency in the current Logistics & Supply Chain environment through use of information technology that would be helpful for tracking and viewing the movement of containers across the port to the ICD and end users.

Each container is tagged with RFID tag at JNPT and the same can be tracked through different RFID readers installed at different locations. This will provide visibility and transparency an EXIM container movement. This would also help in reducing overall lead time of the container movement across the western corridor and lower the transaction cost incurred by the shippers and consignees as a result of predictability and optimization achieved through Logistics Data Bank (LDB) services.

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E-Auctioning Policy of Coal Mines
Jul 25,2016

The Government has so far allocated 75 coal mines for specified end uses (31 Coal mines through e-auction & 44 coal mines through allotment) under the provisions of the Coal Mines (Special Provisions) Act, 2015 and the Rules made thereunder. The Minister further said that the expected revenue of these 75 coal mines which shall accrue to the coal bearing States under Coal Mines (Special Provisions) Act, 2015 is estimated at more than Rs. 3.53 Lakh Crores during the life of mine/lease period.

The estimated revenue from the e-auction of 31 Coal Mines is Rs. 1,96,698 Crores. As on 31.05.2016, the revenue already generated from the allocation of 74 coal mines under the provisions of the Coal Mines (Special Provisions) Act, 2015 is 2,237 Crores (excluding Royalty, Cess and Taxes) which shall be devolving entirely to the coal bearing State concerned, Shri Goyal added.

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25 proposals approved for financial assistance to setup up to 50 bedded integrated AYUSH hospitals under NAM
Jul 25,2016

The Ministry of AYUSH has received 35 proposals from 21 States for financial assistance to setup up to 50 bedded integrated AYUSH hospitals under the National AYUSH Mission (NAM) of AYUSH. Out of that, 25 proposals have been approved by the Ministry to 16 States. In addition, proposals from Kerala for opening AYUSH holistic centers in 6 districts namely Trivandrum, Kozhikode, Kollam, Ernakulam, Thrissur & Malappuram have been supported by Government of India for an amount of Rs.49.44 Lakhs.

Ministry of AYUSH has launched AYUSH intervention in National Programme for Prevention & Control of Cancer, Diabetes, Cardiovascular Diseases & Stroke (NPCDCS) in one District each in 6 States. Integration of Ayurveda has been initiated in 3 Districts viz. Bhilwara (Rajasthan), Surendranagar (Gujarat), and Gaya (Bihar). Homoeopathic intervention is going on in two States, Krishna district (Andhra Pradesh) and Darjeeling District (West Bengal). Unani intervention is going on in Lakhimpur Kheri in Uttar Pradesh. Yoga is an integral part in all the 6 districts.

Under AYUSH services component of National AYUSH Mission (NAM), there is provision of co-location of AYUSH facilities at Primary Health Centers (PHCs), Community Health Centers (CHCs) and District Hospitals (DHs) where services for treatment of various ailments including lifestyle diseases have been envisaged. In addition, there is also provision for setting up of up to 50 bedded integrated AYUSH Hospital. In this regard, Grant-in-Aid has been released to the State Governments with respect to their proposals, as per the entitlement under NAM.

It is believed that the following are some of the risk factors involved in lifestyle diseases :

i) Tobacco and excessive alcohol use

ii) Unhealthy diet including excessive salt

iii) Sedentary habits, inadequate physical activities etc.

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Draft Rules for prescribing the manner of determination of amount received by the company in respect of share formulated
Jul 25,2016

Under section 115QA of the Income-tax Act, 1961 (the Act), additional Income-tax at the rate of 20 percent is levied on the distributed income arising out of buy back of unlisted share by the company.

The Finance Act, 2016 has amended the definition of n++distributed incomen++, with effect from 01.06.2016, to mean the consideration paid by the company on buy back of shares as reduced by the amount, which was received by the company for issue of such shares, determined in the manner as may be prescribed.

In this regard, draft rules providing for determination of amount received by company for use of its shares under different circumstances have been formulated and uploaded on the Finance Ministrys website (www.finmin.nic.in) and website of the Income-tax Department (www.incometaxindia.gov.in) for comments from stakeholders and general public.

The comments and suggestion on the draft rules may be sent by 31st July, 2016 electronically at the email address, ustpl1@nic.in.

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Coal Stock of 31.39 MT available at Power Utilities on 19th July 2016: Sufficient to operate The Plants for 23 Days
Jul 25,2016

At the end of April, 2016, the Coal stock at Power House end had been 34.94 Million Tonne (MT) as against the stock of 29.76 MT at the end of April, 2015

As on 31st March, 2016, the coal stock was 38.87 MT which is the highest in last four years. The details of coal stock position in the thermal power plants are as under:

S.No

Coal Stock as on

Coal Stock (MT)

131.03.201638.87228.04.201635.92331.05.201632.65430.06.201630.51

As, on 19th July 2016, the actual coal stock position was 31.39 MT, which is sufficient to operate the plants for 23 days as against the normative stock requirement of 21 days. Further, these power plants receive coal on daily basis and consume it based on their daily requirement in line with their generation schedule. Hence, the coal stock is not static and is not kept/ stored for a long time.

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CIL sets target of producing 598.61 Mt. Coal in 2016-17
Jul 25,2016

Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines today informed the Rajya Sabha in a written reply that the off-take of Coal India (CIL) was 534.50 Million tonne against coal production of 538.75 Million tonne during the year 2015-16. Also, no power generation unit was in critical or supercritical condition for want of coal and there was a decline in coal import also from 217.8 Mte in 2014-15 to 199.9 Mte in 2015-16, the Minister added.

Shri Goyal stated that CIL has planned to produce more coal and has set a target of producing 598.61 Mt. coal in 2016-17 against an achievement of coal production of 538.75 Mt during 2015-16 with growth rate of 11.11%.

Further, the Minister said that over burden removal by CIL during 2015-16 was 1148.91 Million cubic meter as compared to 886.53 Million cubic meter during 2014-15.

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