Friday, 18 August 2017

Last Date for Padma Awards nominations - 15th September, 2017

The last date for receipt of the nominations for the Padma Awards 2018 is September 15, 2017.
Everyone can nominate any one. People are encouraged to nominate unsung heroes who deserve these prestigious awards (Padma Vibhushan, Padma Bhushan and Padma Shri).
The nominations/recommendations for the Padma Awards will be received only on the Padma Award online portal available on the address www.padmaawards.gov.in
No other mode of nomination/recommendation will be accepted. Nominations received after September 15, 2017 will not be considered.
For further details click 'Awards and Medals' on the Union Home Ministry's website: www.mha.nic.in
The statutes and rules relating to these awards are available on the Union Home Ministry's website with the link http://padmaawards.gov.in/SelectionGuidelines.aspx


Courtesy: pib.nic.in

Finance Minister Sh Arun Jaitley writes to State Chief Ministers to reduce burden of Value Added Tax on Petroleum Products used for manufacturing

The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley has written to State Chief Ministers urging the States to reduce burden of Value Added Tax (VAT) on Petroleum Products used as inputs in making of goods after the introduction of Goods and Services Tax (GST).
The letter by Finance Minister highlights a concern being raised by the manufacturing sector in the country regarding the rise in input costs of petroleum products happening on account of transition to Goods and Services Tax regime. In the pre-GST regime, because the petroleum products as well as the final goods produced both attracted VAT, input tax credit of petroleum products being used as inputs by manufacturers was allowed to varying extent by different States. However, in the post-GST scenario, the manufactured goods attract GST while the inputs of petroleum products used in the manufacturing attract VAT and, therefore, it would lead to cascading of taxes. In view of this, in the pre GST regime certain States had lower rate of 5% VAT on Compressed Natural Gas used for manufacturing of goods. Some States also had lower rate of VAT on diesel being used for manufacturing sector.
Thus Sh Arun Jaitley has requested other States also to explore the possibility of having a lower rate of VAT on petroleum products used for manufacturing of those items on which there is GST, so that there is minimum disruption in the costing of goods.



Courtesy: pib.nic.in

Shri Arun Jaitley, Union Minister of Finance, Corporate Affairs & Defence to deliver the Inaugural Address at the National Conference on ‘Insolvency and Bankruptcy: Changing Paradigm’ at Mumbai tomorrow

The Union Minister of Finance, Derfence and Corporate Affairs, Shri Arun Jaitley, will be the Chief Guest at the National Conference on Insolvency and Bankruptcy: Changing Paradigm scheduled to be held at Mumbai tomorrow. Shri Jaitley will deliver the Inaugural Address on the occasion. One day National Conference is being jointly organized by the Ministry of Corporate Affairs (MCA), National Foundation for Corporate Governance (NFCG) and Insolvency and Bankruptcy Board of India (IBBI) to facilitate the better understanding of intricacies of the Insolvency and Bankruptcy Code, 2016 (‘Code’), share the experiences gained during the initial nine months and also discuss the challenges that need to be overcome. The Conference will witness one of the largest gathering of Industry, Professionals, Regulators and other stakeholders sharing their experiences in the implementation and compliance of the Code.
Dr Urjit Patel, Governor, Reserve Bank of India (RBI), Mr Ajay Tyagi, Chairman, Securities and Exchange Board of India (SEBI) and Dr M.S. Sahoo, Chairman, Insolvency and Bankruptcy Board of India (IBBI) would also address the Inaugural Session. Hon’ble Justice M. M. Kumar, President National Company Law Tribunal has consented to deliver the Valedictory Address.
Inauguration function will be followed by a Panel discussion on ‘Creditor & Debtors perspective- Striking the balance’ which would be participated by the persons from Industries. Shri Uday Kotak, Executive Vice Chairman & Managing Director, Kotak Mahindra Bank Limited, Shri Sunil Mehta, Managing Director & CEO, Punjab National Bank, Shri Ajit Gulabchand, Chairman and Managing Director, Hindustan Construction Company Limited, Shri Hari Sankaran, Vice Chairman and Managing Director, Infrastructure Leasing & Financial Services Limited, Shri Vinayak Bahuguna, CEO & MD, Asset Reconstruction Company (India ) Ltd and Shri Nikhil Srivastava, Director, KKR India Advisors Pvt Ltd would participate in the Panel discussion.
Valedictory Session is on the topic ‘Role of NCLT-How it works in practice’ which will be moderated by Shri Bahram N Vakil, Managing Partner, AZB & Partners and participated by Shri Darius J Khambata, Senior Counsel, Bombay High Court and Hon’ble M. K. Shrawat, Member, National Company Law Tribunal (NCLT) and Hon’ble Justice M.M. Kumar, President National Company Law Tribunal has consented to deliver the Valedictory Address.
The Insolvency and Bankruptcy Code, 2016 (‘Code’) is a key economic reform of the Government, providing the much needed unified legal framework to resolve insolvency and provide faster and efficient exit framework for corporates. The Code through its time bound processes aims at providing greater certainty around the bankruptcy process and also bring the Indian statutory regime at par with some of the most legally advanced jurisdictions of the world.
This is the ninth month since commencement of the provisions relating to corporate insolvency in the Code. In its endeavor to facilitate better understanding of intricacies of this Code, share the experiences gained during these nine months and also discuss the challenges that need to be overcome, the Ministry of Corporate Affairs (MCA), National Foundation for Corporate Governance (NFCG) and Insolvency and Bankruptcy Board of India (IBBI) are organizing this one day National Conference on Insolvency and Bankruptcy: Changing Paradigm tomorrow i.e. on Saturday,19th August 2017 at Mumbai.


Courtesy: pib.nic.in

Swachh Sankalp se Swachh Siddhi Competition

The Prime Minister Shri Narendra Modi has given the clarion call to achieve a New India by 2022 under Sankalp se Siddhi, a mass resolve to make all dirt and filth quit India. In pursuit of this vision, the Ministry of Drinking Water and Sanitation is organising countrywide Film, Essay and Painting Competition between 17th August and 8th September, 2017 as another major step towards making Swachhta, a people’s movement. The core objective is to generate mass involvement in Swachh Bharat Mission (SBM) and related issues.

The themes of the aforesaid competitions, to be held under the overall banner of Swachh Sankalp se Swachh Siddhi, are :

· Essay Competition: मैं स्वच्छता के लिए क्या करूँगा/ करुँगी? What can I do for making India clean?

· Film Competition: भारत को स्वच्छ बनाने में मेरा योगदान. My contribution to make India clean.

· Painting Competition: मेरे सपनों का स्वच्छ भारत / Clean India of my Dreams.

This competition is only for Primary School students.

Based on the aforesaid competitions, the National Swachh Bharat Awards shall be presented on 2nd October, 2017. The exercise needs to be completed by 8th September 2017. 



Courtesy: pib.nic.in

Vice President condemns terror attack in Barcelona

The Vice President of India, Shri M. Venkaiah Naidu has condemned the terrorist attack in Barcelona, Spain. In a message, he said that there can be no justification for such barbaric and reprehensible acts and terrorism is the biggest menace humanity is facing today. International terrorism can only be defeated by coordinated global efforts, he added. 

Following is the text of Vice President’s message: 

“I am deeply shocked by the terrorist attack in Barcelona, Spain. My thoughts and prayers are with the families of those killed and injured. 

There can be no justification for such barbaric and reprehensible acts. Terrorism is the biggest menace humanity is facing today with all pluralist and open societies increasingly encountering new levels of threat. 

International terrorism can only be defeated by coordinated global efforts. We stand with the people and Government of Spain and commend their swift action in dealing with the attackers. I join the nation in praying for the bereaved families and early recovery of the injured.” 




Courtesy: pib.nic.in

Petroleum Minister meets Odisha CM on 18th August 2017 in New Delhi

 A meeting was held between the Chief Minister of Odisha, Shri Naveen Patnaik and Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan today in Odisha Bhawan in New Delhi.  In the meeting various options available to reach an amicable settlement of the present tax-dispute between Indian Oil Corporation Limited (IOCL) and Government of Odisha were discussed. The Secretary, Ministry of Petroleum & Natural Gas, the Chairman, IOCL, The Chief Secretary, Government of Odisha and the Development Commissioner, Odisha were also present in the meeting.

            Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan was of the view that though the State had extended the tax concession in 2004, there was a necessity of finding an amicable solution to the present impasse keeping in view the fiscal health of the State and commercial interest of IOCL.  He emphasized on the need for finding a middle path, wherein both IOCL and the State Government can work out a mutual acceptable solution by climbing down from their stated positions. 

Shri Pradhan was of the opinion that it was important for the State Government to incentivize the expansion plans of IOCL to create petrochemical and downstream industries in the State.  Over a period of time, it will enable the State to increase its revenue and also create additional employment avenues for the youth of the State.  This will lay foundation of a new industrial ecosystem, facilitating industrialization and fiscal consolidation.  This is in keeping with the vision of Hon’ble Prime Minister to provide adequate resources for development and industrialization of Eastern India, including Odisha.

It was agreed that the Officers of the Ministry of Petroleum & Natural Gas, IOCL and the State Government will deliberate various issues and work out an acceptable solution at the earliest.

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Courtesy: pib.nic.in

Minister of Railways Shri Suresh Prabhakar Prabhu Inaugurates/ Dedicates Various Initiatives pertaining to State of Karnataka

In order to make the rail journey more comfortable and remarkable, Indian Railways has been launching various services and projects. In this direction,  Minister of Railways Shri Suresh Prabhakar Prabhu Dedicated/ Inaugurated following initiatives pertaining to Karnataka through video-conferencing  from Rail Bhawan today i.e. 18-08-17 : -
1.      Commencement of work of Hotgi-Kudgi-Gadag Doubling.
2.      Commencement of work of Gadag-Wadi New Line.
3.      Dedication to the Nation-Doubling of Tinaighat-Londa-Shivthan Section in Hospet-Tinaighat-Vasco Doubling.
4.      Dedication to the Nation-Doubling of Banapur-Koppal in Hospet-tinaighat-Vasco Doubling.
5.      Construction of new station building & extension of platform shelter at Chikkodi Road station.
6.      Extension of platform shelter at Rayabag station.
7.      Provision of Platform shelter on Platform no. 2 at Gadag station.
8.      Construction of new Platform 2 & 3 at Koppal station.
9.      VIP Lounge at Shivamogga Town station.
10.  500 Kwp Solar Roof Top System at Mysuru Work Shop.
11.  Provision of water conservation & recycling plant at Mysuru station.
12.  Dedication of Foot Over Bridge at Holenarasipura station.
13.  New DEMU Service between Baiyappanahalli-Whitefild-Baiyappanahalli.
14.  Commencement of work of ROB at LC 438 at Rayabag.
15.  Laying of foundation stone for Bye-pass lines at Wadi.
16.  Commissioning of Rail Bogie Karkhana, Yadgir (RVNL).
17.  Laying of foundation stone for doubling between Nethravathi and Mangalore Central stations (at Mangalore Central Railway Station).
18.  Laying of foundation stone for new FOB at Mangalore Central station (at Mangalore Central Railway Station).

Minister of State for Railways Shri Rajen Gohain was specially present to grace the occasion. Member Engineering, Railway Board, Shri Aditya Kumar Mittal, other Railway Board Members and senior officials were also be present on the occasion.

      Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said, “Karnataka is an important state for Indian Railways, we have allocated highest ever funds in the Budget for developing Railway Infrastructure in Karnataka. Indian Railways have formed JV with the State Government of Karnataka. Indian Railways is in transformation mode, Indian Railways have been focusing on improving Rail Infrastructure & passenger amenities like never before. Cleanliness & Make in India programmes have been successfully implemented in Indian Railways. High Speed Railway network is being worked upon Indian Railways. Soon, Indian Railways is working on the project to operate trains at 200 Kmph on trunk routes like Delhi- Mumbai, Delhi- Kolkata.

Salient Features of Projects launched today
1. Commencement of work of Hotgi-Kudgi-Gadag Doubling.

       At present, Hotgi-Kudgi-Gadag route is a single line rail link between Guntakal-Pune-Mumbai and Hospet-Hubli-Goa rail routes.
       A number of Integrated Steel Plants/Power Plants/Cement Plants are coming up along the Hotgi-Kudgi-Gadag route. This doubling work will provide the necessary line capacity for introduction of additional trains and smooth movement of rakes to/from the industries/power plants.
       Part length for this Doubling project, i.e. from Hotgi-Kudgi (134 km) has been taken up under “Customer Funding Model” with National Thermal Power Corporation Limited (NTPC). NTPC is setting up the Thermal Plant at Kudgi station of 4000 MW capacity.
2. Commencement of work of Gadag-Wadi New Line.

       The new rail line would provide a direct shorter route for the people of the area in Gadag, Koppal, Raichur and Gulbarga areas of Karnataka.
       Proposed route will shorten the distance between Gadag and Secunderabad by 150 km.
       Project is 50:50 Cost Sharing basis with Government of Karnataka (GoK) and land free of cost by GoK.
3. Dedication to the Nation-Doubling of Tinaighat-Londa-Shivthan & Banapur-Koppal of Hospet-tinaighat-Vasco Doubling.

       The Railway line passes through Bellary, Koppal, Gadag, Dharwad, Belgaum and Uttara Kannada districts of Karnataka State. Bellary-Hospet region in Karnataka is the heart of Iron ore industry in the country. Iron ore from this region is transported to Chennai and Goa ports for export.
       The doubling of railway track is also necessary to move imported coal from Marmagao Port to the Steel industries and upcoming Thermal Power Plants in Jevargi In Gulbarga District, Thermal Expansion Phase-2 in Bellary Dist. in North Karnataka.
       In this Project, 28.75 km doublings have been commissioned and being dedicated to Nation.

4.  Construction of new station building & extension of platform shelter at Chikkodi Road station.

       A new station building with built up area of 275 Sq. Meter has been constructed at Chikkoddi Road Station. Improvement to circulating area is done by providing paver blocks for area of 500 Sq.M. to improve the aesthetics of this station.
       For convenience of passengers, platform at Chikkodi Road railway station has been extended by 320 meter with cement concrete flooring. New platform shelter has been provided for a length of 64 meter with seating arrangements. Above amenities towards improvements of Chikkodi Road Station were taken up at a cost of Rs. 15 Lakhs

5. Extension of platform shelter at Rayabag station.

6. Provision of Platform shelter on Platform no. 2 at Gadag station.

7. Construction of new Platform 2 & 3 at Koppal station.

       Along with the doubling of Hosapete- Tinaighat railway line, Koppal railway station was provided with an additional platform No. 2/3.
       This is a high level island platform having length of  540 meters which has been constructed within a time span of 2 months, and at a cost of Rs.60 lakhs.

8. VIP Lounge at Shivamogga Town station.

       Shivamogga town is an important A category station of Mysore Division which attracts large number of tourists in the Malnad area of Karnataka. This station has been further upgraded by providing majestic VIP lounge. The VIP lounge is provided with proper ambience with granite flooring and cladding, air-conditioned seating arrangement with Sofa set, Luggage rack and improved bath-cum toilet facilities with hot and cold water. This facility to a great extent will grant better waiting experience to the travelling passengers visiting Shivamogga station.

9. 500 Kwp Solar Roof Top System at Mysuru Work Shop.

10. Provision of water conservation & recycling plant at Mysuru station.

       The water consumption at Mysuru junction is quite high. The demand of water is being arranged through Municipal Corporation with hefty payment to the tune of Rs.18.00 Lakhs per month (Rs 2.16 crores per annum).
       It is proposed to set up one water Recycling Plant of 4.00lakh  liters capacity  for using recycled water, which will have environmental benefit as well as economy by bringing down the reduction in the water bills.

11. Dedication of Foot Over Bridge at Holenarasipura station.

       Holenarasipura is important D category station of Mysuru Division which is a famous for an important ancient Narasimha Temple dedicated to Lord Narasimha and river Hemavati, one of the many tributaries of the Kaveri.
       Being the important tourist destination, the station was identified for upgradation as Adarsh station during year 2015-16. The important Passenger Amenity works to the tune of Rs.2.85 crores are added to upgrade the station as per norms of Adarsh station.
       The work has been completed in stages and foot over bridge has been completed in the month July-17. After commissioning of foot over bridge at Holenarasipura, will have all required facilities as per Adarsh station norms.

12. New DEMU Service between Baiyappanahalli-Whitefild-Baiyappanahalli.

13. Commencement of work of ROB at LC 438 at Rayabag.

14. Laying of foundation stone for Bye-pass lines at Wadi.
       Wadi station is strategically located  at the junction of 3 Divisions –Sholapur, Guntakal & SC Division . Though bye-pass  exists towards Secunderabad(SC) from Guntkal(GTL), yet, heavy detentions occur due to interlocking arrangements and large no. of cross movements.
       The proposed Bye-pass between Wadi and Nalwar reduces the distance by about 12 Kms and is the most effective option to decongest Wadi Yard besides avoiding cascading detentions at adjoining stations.

15. Commissioning of Rail Bogie Karkhana, Yadgir (RVNL).

16. Laying of foundation stone for doubling between Nethravathi and Mangalore Central stations (at Mangalore Central Railway Station).

       The doubling of this section will facilitate running of additional mail/Express trains from MAQ, since MAQ is an important  feeder Coaching terminal  to Konkan Railway, Mysore/Bangalore directions and to the Entire State of Kerala and Tamilnadu.

17. Laying of foundation stone for new FOB at Mangalore Central station (at Mangalore Central Railway Station).


Courtesy: pib.nic.in

Last Date for Padma Awards nominations - 15th September, 2017

The last date for receipt of the nominations for the Padma Awards 2018 is September 15, 2017. Everyone can nominate any one. People are ...