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Export of Oilmeals down by 47% April - July 2016 -17
Aug 05,2016

The Solvent Extractors Association of India has compiled the export data for export of oilmeals for the month of July 2016. The export of oilmeals during July 2016 is reported at 87,944 tons compared to 44,238 tons i.e. up by 99%. The overall export of oilmeals during April to July 2016 is reported at 274,237 tons compared to 517,914 tons during the same period of last year i.e. down by 47% due to lesser availability of oilseeds for crushing and continuous disparity in exporting oilmeals in International Market.

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The digital content economy is poised to see the exponential growth in next 3-4 years
Aug 05,2016

Senior executives from the Indias motion picture and digital industries concluded that accessibility; affordability, quality content and online content protection will be the key drivers to sustain growth in Indias digital economy.

Fast Track India: Bolstering Growth in the Digital Content Economy, a Knowledge Series forum by the Federation of Indian Chambers of Commerce (FICCI) in association with the Los Angeles India Film Council (LAIFC), assessed the extent to which screen content acts as a key driver of the digital economy in India. Creative industry executives assessed the current regulatory and infrastructural challenges, reviewed future growth trends and underlined innovative ways of monetizing digital content to stimulate growth in Indias digital economy.

At the opening of the forum, noted filmmaker and Co-chair, FICCI, Entertainment division, Mr. Ramesh Sippy highlighted that increased connectivity, technological innovation and new content delivery platforms all combine to spur growth. The role of the Government is pivotal to enabling legitimate content delivery platforms to protect and monetize their content in order to achieve their full potential in a rapidly changing marketplace, Mr Sippy said.

India is the second largest Internet user market in the world with an accelerating 40% Internet growth rate. Further; Digital India has the potential to create opportunities for businesses, promote innovation and create jobs. Currently, the Indian M&E sector is at the tipping point for online businesses to provide for a multitude of options to consumers. However online content theft, varying levels of broadband access and affordability in terms of data tariffs continue to present challenges for providers to deliver value to consumers. These factors will have a significant impact on how digital media evolves in the future. The first panel Making Sense of the Economics of Digital Media featured a keynote presentation by KPMG Indias Mr. Girish Menon, Director- Transaction Services said, n++The advent of the OTT services and on-the-go content aided with competitive tariffs and falling average retail price of smartphones has helped to drive video consumption in India. However, profitability still continues to be a major challenge coupled with infrastructure and affordability of data tariffs and payments models. It is imperative for the OTT players to address these concerns through innovative means to achieve the mediums full potential.n++

Speaking about the future of OTT content services, Mr. Ajay Chako Co-Founder & CEO, Arre said, n++As in the case of broadcast TV in India, the relatively infant digital content economy is showing signs of secular, organic growth driven by an increasingly young India. We already have more than 120 million consumers of digital content. As with every paradigm shift, audience shifts will be followed by a shift in advertiser preferences and finally consumer monetization. So I am quite hopeful that the digital content economy will see the exponential growth that has been witnessed in the 2000-2010 decade in TV, in the next 3-5 years. I am happy that FICCI and the LA India Film Council have identified this important shift in paradigm in the new content economy.n++

At the second panel on Regulatory and Infrastructural Challenges for Digital Media, Mr. Abhishek Joshi, Head - Marketing & Analytics, Digital Business, Set India said, n++The OTT industry has graduated from the innovators stage to the early adopters stage within the innovation diffusion curve, based on distinguished product strategies by players in the market. However to cross the chasm to gain the majority market, policy makers will have to play a very big role. Infrastructure and regulatory policies are going to be the biggest differentiators for industry growth for the next 18 months.n++

Ms. Archana Anand, Business Head, dittoTV said, n++In light of the accelerated digital media consumption across the country, it is wonderful that FICCI and the LA India Film Council provides this much needed platform to discuss the market potential of this space and the innovations and challenges thereof.n++

At the third panel on Building a Robust Enforcement Model to Protect Content In a Digital Economy, Mr. Oliver Walsh, Regional Director, Online Content Protection, Motion Picture Association (MPA) said, n++The Indian film and TV industry supports 1.8 million jobs which are at risk because of rising online content theft. The future of legitimate content delivery platforms depends on effective enforcement measures supported by Indian State Governments. The Telangana Intellectual Property Crime Unit (TIPCU) is a great example of a dedicated law enforcement unit to tackle organized online film piracy and will set a gold standard approach to significantly reduce online infringement of films and television shows. I hope it is the first of many such enforcement units across India.n++

Mr. Rajkumar Akella, Honorary Chairman, Governing Council, Anti Video Piracy Cell, Telugu Film Chamber of Commerce said, n++As we have seen innovation diffusion curve, based on distinguished product strategies by players in the market. However to cross the chasm to gain the majority market, policy makers will have to play a very big role. Infrastructure and regulatory policies are going to be the biggest differentiators for industry growth for the next 18 months.n++

Ms. Archana Anand, Business Head, dittoTV said, n++In light of the accelerated digital media consumption across the country, it is wonderful that FICCI and the LA India Film Council provides this much needed platform to discuss the market potential of this space and the innovations and challenges thereof.n++

At the third panel on Building a Robust Enforcement Model to Protect Content In a Digital Economy, Oliver Walsh, Regional Director, Online Content Protection, Motion Picture Association (MPA) said, n++The Indian film and TV industry supports 1.8 million jobs which are at risk because of rising online content theft. The future of legitimate content delivery platforms depends on effective enforcement measures supported by Indian State Governments. The Telangana Intellectual Property Crime Unit (TIPCU) is a great example of a dedicated law enforcement unit to tackle organized online film piracy and will set a gold standard approach to significantly reduce online infringement of films and television shows. I hope it is the first of many such enforcement units across India.n++ Mr. Rajkumar Akella, Honorary Chairman, Governing Council, Anti Video Piracy Cell, Telugu Film Chamber of Commerce said, n++As we have been witnessing in recent days, the problem of online piracy is most urgent. The greatest threat now has become the pre - movie release leakages. Without real time interventions from the Government and Industry, it will go out of control. In this scenario, the latest initiative - TIPCU (Telangana Intellectual Property Crime Unit) by the Government of Telangana, the Telugu Film Industry & the Motion Picture Association, India office, is a very significant step in tackling Movie Piracy, particularly Online Piracy. It is a collaborative, dynamic model, where the Government works seamlessly with the Industry and all stakeholders. The unit will bemaking optimum use of Technology besides policy, enforcement and outreach. This is a step in the right direction to root out piracy in India.n++ Sharing his thoughts on the future of Indias burgeoning digital market, Mr. Biren Ghose, in his valedictory remarks, said, n++Content is assuming new life in the emerging digital economy. Technology enables innovations in imagery that could hitherto neither be produced nor consumed. FICCI and LA India Film Council need to be complimented on encouraging the conversation for the Indian agenda in this space.n++ Panelists concluded that a combination of government and private initiatives would need to be rolled out to achieve th

CSIR-CFTRI Develops Nutrice Cream
Aug 05,2016

The Council of Scientific and Industrial Research (CSIR) constituent Laboratory, CSIR-Central Food Technological Research Institute (CSIR-CFTRI) Mysuru, in association with M/s Oleome Biosolutions, Bengaluru and M/s Dairy Classic Ice Creams, has developed Nutrice.

Nutrice cream is an Omega-3 and Vitamin-E enriched frozen nutritional dessert from vegetarian source. Dietary supplementation of Omega-3 (n++-3) fats, which are the Poly Unsaturated Fatty Acids (PUFA), have been reported to have beneficial health functions including brain development in children and good health in elderly population. This product will provide the Recommended Dietary Allowance (RDA) of omega-3 for children in one serving.

Largely, peoples food habits revolve around diverse food sources and preparations to address the different nutritional requirements. Using the knowledge of traditional Indian food habits, CSIR-CFTRI has developed a diverse array of food products such as Nutri-chikki incorporated with spirulina, Rice mix, high protein rusk, energy food, nutri sprinkle, sesame paste, and fortified mango bar etc., so as to address the varying nutritional requirements of people. The products are analyzed for their Nutritional Composition and other parameters such as sensory, shelf-life, packaging, microbial safety, etc.

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The cooperation extended by opposition to this crucial legislation is the cornerstone of democracy
Aug 05,2016

n++GST is one of the most awaited reform measures by the industry. It is heartening to see that there is consensus emerging in passage of crucial GST bill. It is noteworthy that the Principal opposition party has played a constructive role by articulating some of the concerns which have been noted by the government and would help form base of a robust GST framework for Indian++, said Mr Harshvardhan Neotia, President, FICCI.

n++The cooperation extended by opposition to this crucial legislation is the cornerstone of democracy and gives industry a lot of hope on progress of reforms in the countryn++, added Mr. Neotia.

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Govt. obtain return of 12% on equities than G-Secs: Secretary, Ministry of Labour and Employment
Aug 05,2016

As on July 31, 2016, we got a return of over 12 percent on investments in equities as compared to 8 or 7.5 percent on government securities (G-Secs) within a year, said Shankar Aggarwal, Secretary, Ministry of Labour and Employment at an ASSOCHAM event.

n++If you are going to invest wisely in a pool of equity then surely there is not much of a riskn++, said Mr. Shankar Aggarwal. He also said that as on July 31, 2016, we got a return of over 12 percent on equity as compared to 8 or 7.5 percent on G-Secs, , said Mr Aggarwal while inaugurating National Conference on Social Security & Role of Equity Market, organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The Employees Provident Fund Organisation (EPFO) started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till June 30, 016, said Mr. Aggarwal

The Employees Provident Fund Organisation can invest up to 15 percent of its investible deposits in equity or equity related scheme, the body had decided to park 5 percent of its available funds in ETFs to start with.

n++We cannot evaluate the performance of equity on the basis of one, two or three months. When we invest in equity, we invest for 20 or 30 years, said Mr. Aggarwal while addressing the meeting.

The Employees Provident Fund Organisation (EPFO) started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till June 30, 2016. EPFO can invest up to 15 percent of its investible deposits in equity or equity related scheme, the body had decided to park 5 percent of its available funds in ETFs to start with.

Mr. Aggarwal said, social security is very important tool to improve the productivity, to improve the level of motivation, passion and commitment. When they grow old and unable to perform any productive work, at that point of time we have to take care of them.

We will enable to create one seamless platform which will enable every citizen from organized sector or un-organized sector to get on board and to get advantage or benefits of social security, said Mr. Shankar.

Mr. Aggarwal further said, we are also going to adopt central architecture which will be from 30th September and am sure thereafter everything will be transparent, all certificates will be delivered online and decision to invest in equity will be more transparent.

Dr V.P. Joy, Central Provident Fund Commissioner (EPFO) said, the labour and employment ministry is trying to achieve the social security objective. The mission of social security cannot be archived by one group, its a team work. I am happy that ASSOCHAM joined today in focusing on the equity markets and request ASSOCHAM to come up with other aspects.

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Online platform soon for SEZs to raise issues & concerns: Commerce Ministry official
Aug 05,2016

The union government will soon roll out a web-based platform for special economic zones (SEZs) to raise their concerns and action taken may be provided by the concerned authority, a top Union Commerce Ministry official said at an ASSOCHAM event.

n++This will provide a platform for constant dialogue and transparency in resolution of issues. I intend to roll it out as soon as possible,n++ said Mr Alok V. Chaturvedi, additional secretary, Department of Commerce while inaugurating 10th SEZ Convention organized by ASSOCHAM.

n++The software is already in place, we need to adopt it for our requirement, efforts have already been made in this direction,n++ said Mr Chaturvedi.

He added that the online platform would be on the lines of a Project Monitoring Group system in the Cabinet Secretariat.

Highlighting the issue of lifting of Minimum Alternative Tax (MAT) and Dividend Distribution Tax (DDT) concerning the SEZ sector, Mr Chaturvedi said, n++MAT appears to be unfair for SEZ units and it is not in tune with the Government philosophy of stable tax regime, we have taken up the issue with Finance Ministry.n++

n++According to Finance Ministry, MAT has been imposed to partly recoup the loss of revenue due to profit-linked exemptions. They are bringing down average rate of corporate tax. However, we have taken it up again in view of adverse export conditions and the stellar role played by SEZ in the export growth and the employment generation,n++ he said.

n++Alternative suggestions regarding reduction of MAT from 20.5 per cent to 7.5 per cent or extension of period of ten years till the entire MAT credit is adjusted against the tax liability of SEZ will also be taken up with Finance Department,n++ he added.

Talking about the issue of permitting SEZ units, to perform job work for units in Domestic Tariff Area, which at present is not permissible, Mr Chaturvedi said, n++In order to facilitate integration of SEZs with domestic economy, the procedure for job work and domestic clearances from SEZs need to be streamlined by amending SEZ Rules. There is an issue there as SEZs are primarily for exports and they have taken the benefit of concessions.n++

He however, said that it is nobodys case, that there should be an idle capacity within or outside SEZs. n++We need to resolve these issues. This is all the more important since it is becoming increasing difficult to have land for setting up industries elsewhere. The issue is being examined in consultation with Finance Ministry.n++

On the issue of permitting exports from SEZs to the domestic tariff area, at the most favourable tariff rates as given to Indias Free Trade Agreement (FTA) partners, he said, n++This would give a boost to the Make in India, campaign and our import requirement can be met through manufacturing in SEZs rather than through import of the same goods from FTA partners such as Japan, South Korea, ASEAN, etc. We have taken up this issue also with the Finance Ministry.n++

He also said that there is a need to have a relook at the Free Trade Warehousing Zone Policy.

n++Proposals regarding permission for keeping goods on behalf of foreign buyer, DTA buyer and DTA supplier in addition to foreign supplier, allowing drawback on export of goods from DTA supplier to FTWZ unit, on account of the foreign buyer, and Net Foreign Exchange calculation criteria, all these proposals have been sent to the Department of Revenue and are under active consideration of the Government,n++ said Mr Chaturvedi.

On the issue of phasing out of exemptions, he said that CBDT has proposed to provide a sunset date of March 31, 2017 for tax exemption in respect of SEZ projects having non-operational by then. n++This matter has also been taken up with CBDT and we are following up with them.n++

Talking about the contribution of SEZs in growth of Indias economy, he said that over 200 SEZs are operational while over 400 SEZs have been formally approved. Total investment in SEZs is over $50 billion and they are providing direct employment to over 1.5 million persons. Exports from SEZs have increased from about $3.5 billion in 2005-06 to over $65 billion in 2014-15 that is about 20 times in the last ten years and nearly 16% of countrys exports are from SEZs.

He also sought industrys views and suggestions on how to further improve the business environment for the units in SEZ.

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Interest Free Loans to IIT Students
Aug 04,2016

It has been decided to provide interest subvention on the education loans, for all students admitted for undergraduate and the 5-year integrated degree programmes in IITs, covering the period of the study plus one year of moratorium under the Vidyalaxmi Scheme, subject to the following guidelines:

(i) The facility shall be made available to all the students whose household income does not exceed Rs. 9 lakh per annum.

(ii) The education loan, for this purpose, shall cover only the tuition fee payable by the student as per his eligibility. The portion of the tuition fee paid by the student from his own sources at the time of securing admission could be reimbursed from the overall loan.

(iii) The terms of the loan shall be in accordance with the broad contours of the Educational loan Scheme of the Indian Banks Association (IBA) for pursuing Technical/Professional Education studies in India.

(iv) The term of the loans sanctioned under this dispensation shall be 10 years.

(v) There shall be no collateral for sanction of the loan except the personal guarantee of the student (applicant) and the parent/guardian (co-applicant).

(vi) The subvention of interest (on equated basis) shall be applicable for a maximum period of 5 years (which may include a one year moratorium).

(vii) After the expiry of the above period, the interest on the outstanding loan amount shall be paid by the student, in accordance with the provisions of the existing educational loan scheme of the Banks and as may be amended from time to time.

(viii) This facility is applicable only to the loans taken by the students who secured admission into the undergraduate courses of IITs (including the integrated courses) starting from the academic year 2016-17.

(ix) The interest subvention is subject to the satisfactory performance of the student in the institution.

(x) Payment of the interest subvention shall be from the internal accruals of the IIT.

However a Central Sector Scheme to provide interest subsidy on educational loan (CSSIS) is presently operational which provides full interest subsidy during the period of moratorium (course period + one year) on loans taken by students belonging to EWS from Scheduled banks under the Model Educational loan Scheme of the IBA for pursuing any of the approved courses of studies in technical & professional streams, from recognized institutes in India.

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More than 44235 MW accumulative capacity of Renewable Energy installed in the Country
Aug 04,2016

Total accumulative capacity of over 44235 MW have been installed in the country from various renewable energy sources. These sources include 27151 MW of Wind Power, 7805 MW of Solar Power, 4304 MW of Small Hydro Power and 4975 MW of Biopower.

Government of India is implementing several scheme for the promotion of Solar Power in the country including hilly/ mountain states like solar rooftop Scheme, scheme on Off-grid & Decentralized Solar Applications, solar Park Scheme for setting up of Solar Parks and Ultra Mega Solar Power Projects targeting over 20,000 MW of solar power projects, scheme for setting up 1000 MW of Grid-Connected Solar PV Power Projects by Central Public Sector Undertakings (CPSUs) and Government of India organisations with Viability Gap Funding (VGF), scheme for setting up over 300 MW of Grid-Connected Solar PV Power Projects by Defence Establishments and Para Military Forces with Viability Gap Funding (VGF), pilot-cum-demonstration project for development of grid connected solar PV power plants on canal banks and canal tops, bundling Scheme - 15000 MW grid-connected solar PV power plants through NTPC/ NVVN and VGF Scheme for setting up of 2000 MW of Grid Connected Solar PV Power Projects through SECI.

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All Child Care Institutions must be registered under the Juvenile Justice (Care and Protection of Children) Act
Aug 04,2016

The Juvenile Justice (Care and Protection of Children) Act, 2015 (JJ Act, 2015) has come into effect from 15th January, 2016. As per Section 41(1) of JJ Act, 2015 all institutions, whether run by the State Government or by voluntary or non-governmental organisations, which are meant, either wholly or partially, for housing children in need of care and protection and those in conflict with law, shall, be registered under the Act within a period of six months from the date of commencement of the Act, regardless of whether they are receiving grants from the Central Government or, as the case may be the State Government or not, provided that the institutions having valid registration under the Juvenile Justice (Care and Protection of Children) Act, 2000 (56 of 2000) on the date of commencement of the Act shall be deemed to have been registered under the Act. The primary responsibility of managing the Child Care Institutions (CCIs) lies with the State Governments/UT Administrations concerned. The Ministry has been requesting the State Governments/UT Administrations from time to time to identify and register all Child Care Institutions under the provisions of JJ Act, 2000/2015 so as to ensure that minimum standards of care can be maintained.

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Signing of Bilateral Advance Pricing Agreement by CBDT
Aug 04,2016

The Central Board of Direct Taxes (CBDT) entered into a Bilateral Advance Pricing Agreement (APA) on 2nd August, 2016 with the Indian subsidiary of a Japanese trading company. This is the first Bilateral Advance Pricing agreement with a Japanese company having a n++Rollbackn++ provision in it. Overall, it is fourth bilateral APA signed by CBDT. Signing of this bilateral APA is an important step towards ascertaining certainty in transfer pricing matters of multinational company cases and dispute resolution.

The APA Scheme was introduced in the Income-tax Act in 2012 and the n++Rollbackn++ provisions were introduced in 2014. The scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

The progress of the APA Scheme strengthens the Governments mission of fostering a non-adversarial tax regime. The CBDT expects more APAs to be concluded and signed in the near future.

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NLCPR funds allocated for Development of NER
Aug 04,2016

Funds are allocated to NE States under Non-Lapsable Central Pool of Resources (NLCPR) scheme for bridging infrastructure gaps based on Priority Lists submitted by respective State Governments. As on 31.07.2016, under NLCPR,  1,581 projects at a cost of Rs.14,516.64 crore have been sanctioned, out of which 919 projects at a cost of Rs. 6,111.83 crore have been completed and 662 projects at a cost of Rs. 8,404.82 crore are ongoing at various stages of completion. In addition, a total of 247 projects have been retained during last three years at a cost of Rs. 3,867.90 crore.

A total of 85 nos. of projects have been retained and 45 nos. of projects have been sanctioned in the last two years. State-wise details are as given below:-

State-wise details of projects retained & sanctioned during last two years

(2014-15 and  2015-16)

Sl. No.StateTotal  no. of projects retained during last two yearsTotal  no. of projects sanctioned  during last two years1.

Arunachal Pradesh

23

7

2.

Manipur

2

4

3.

Sikkim

7

5

4.

Meghalaya

6

4

5.

Assam

20

11

6.

Nagaland

9

4

7.

Tripura

7

2

8.

Mizoram

11

8

Total

85

45

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NEEFP and NEEAPP Schemes - A Novel Step Towards Achieving Energy Efficiency
Aug 04,2016

The Energy Efficiency Services Limited (EESL), a joint venture company of four Power Sector PSUs, has designed innovative programmes, namely, Energy Efficient Fans Programme (EEFP) and Energy Efficient Agriculture Pumps Programme (EEAPP) for enhancing energy efficiency in domestic and agriculture sectors.

The EEFP has been launched from Andhra Pradesh followed by Uttar Pradesh. Under this programme, 50 watt fans are provided by EESL at Rs. 1,150 per unit on upfront payment, or at total of Rs. 1,200, if taken on equated monthly instalments (EMI). The EMI is adjusted against electricity bills of consumers. About 9,000 and 50,000 fans have already been distributed in the States of Andhra Pradesh and Uttar Pradesh respectively. EESL has also signed an agreement with Govt. of Tripura for distribution of energy efficient fans in the State.

The EEAPP has been launched by EESL to replace the old and inefficient pump sets of farmers free of cost. EESL would also provide smart control panels to enhance the ease of operation of pumps by the farmers. The energy efficient pumps, which are 4 or 5 star rated, ensure a minimum of 30% reduction in energy consumption. The reduction of energy consumption in agriculture would result in reduction in subsidy that the State Government provides to distribution companies. A part of the savings in subsidy is leveraged to service the investment of EESL over a 5-10-year period.

Details of proposals submitted by EESL to various States for implementation of EEAPP are given below:

Name of the StateNumber of Agriculture Pumps (Lakhs)Andhra Pradesh

2

Maharashtra

5

Punjab

1

Karnataka

5

Rajasthan

2

Jharkhand

1.6

Haryana

1

Madhya Pradesh

1

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Cabinet approves upgradation of 13 government medical colleges
Aug 04,2016

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved upgradation of 13 existing Government Medical Colleges / Institutes (GMCIs) under Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).

The upgradation will be done at a cost of Rs.200 crore for each GMCI (Central share: Rs.120 crore and State Share Rs.80 crore). Accordingly the total upgradation cost shall be Rs.2,600 crore out of which Central Share will be Rs.1,560 crore and that of State will be Rs.1,040 crore. It will be completed in time period of 36 months. The following GMCIs will be upgraded:

S.No.Government Medical Colleges/InstitutesState1

PMCH, Patna

n++

Bihar

2

GMC Bhagalpur

3

GMC Gaya

4

GMC Bilaspur

Chhattisgarh

5

GMC, Jagdalpur

6

UCMS-GTB Hospital

Delhi

7

GMC, Surat

Gujarat

8

GMC, Bhavnagar

9

GMC, Indore

Madhya Pradesh

10

GMC, Cuttack

Odisha

11

GMC, Jaipur

Rajasthan

12

GMC Agra

Uttar Pradesh

13

GMC Kanpur

Upgradation of existing GMCIs will create tertiary care facilities. The Tertiary Care Institutions will serve as composite centres for continued professional education, treatment, patient care and multi skilling of health workers.

The upgradation of medical colleges under PMSSY broadly involves strengthening of the existing departments as well as building Super Speciality Blocks / Trauma Centres or other necessary facilities as Centres of Excellence etc. However, the upgradation process will vary from one institution to another as per the specific local needs. The facilities to be augmented during upgradation will be decided after proper gap analysis involving all stakeholders.

The population in eight States namely Uttar Padesh, Bihar, Gujarat, Madhya Pradesh, Delhi, Rajasthan, Chhattisgarh and Odisha will be benefited where these colleges are located.

Background:

The Central Scheme, PMSSY was first announced in August 2003 with the primary objective of correcting the imbalances in availability of affordable / reliable tertiary level healthcare in the country in general, and to augment facilities for quality medical education in under-served or backward States, in particular. This scheme had two components (a) establishment of new AIIMS and (b) Upgradation of existing government medical colleges.

Under PMSSY, 58 Government Medical Colleges have been approved for upgradation. Of these, work has been completed in 16 colleges while it is in progress at other places.

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30 Coal Mines Allocated to Private Sector in three Tranches of Auction
Aug 04,2016

Under the provisions of the Coal Mines (Special Provisions) Act, 2015, 75 coal mines (31 by way of auction and 44 by way of allotment) have been allocated so far. The number of coal mines allocated to private sector in the three tranches of auction for utilization in specified end uses i.e. Power (Regulated Sector) and Steel, Cement, Captive Power Production (Non-Regulated Sector) is 30, out of a total of 31. Mining operations have commenced/mine opening permission granted in 11 auctioned coal mines as on 20.07.2016.

The enabling provisions have been made in the Coal Mines (Special Provisions) Act, 2015 and the Mines and Mineral (Development & Regulations) Act, 1957 for allocation of coal mines/blocks by way of auction and allotment inter alia for sale of coal.

In the financial year 2015-16 &2016-17, 8.488 Million Tonnes (Provisional) of coal has been produced.

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Cut-off Date for Submission of Insurance Proposals Extended till 10th August, 2016
Aug 04,2016

Ministry of Agriculture and Farmers Welfare have received a number of requests from various States for extension of cut-off date on account of various reasons including delay in carrying out the requisite preliminaries and consequential delay in notification, this being the first season for implementation of Pradhan Mantri Fasal Bima Yojana(PMFBY). The matter has been considered and Ministry of Agriculture and Farmers Welfare today decided to extend the cut-off date for submission of insurance proposals upto and including 10th August, 2016 by relaxing provision of Para IX (3 & 4) of Operational Guidelines of PMFBY & Weather Based Crop Insurance Scheme.

All cut-off dates for subsequent activities should accordingly be extended. This extension is valid only for crops where cut-off date earlier was 31st July, 2016. Earlier also Ministry extended the cut-off date for submission of insurance proposals under PMFBY upto 2nd August, 2016.

This is a one-time extension only and should not to be quoted as precedent in future. State Government may consider taking appropriate action regarding extension of cut-off date accordingly as deemed fit and inform all stakeholders including SLBC/Banks.

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