18
SAILCON EYES RS.9 CRORE BUSINESS IN 2000-01
Certified under ISO:9000, SAIL Consultancy Division (SAILCON), a division of the Corporate Planning Directorate of Steel Authority of India Limited (SAIL), the giant public sector undertaking of the Steel Ministry increased its order booking to Rs.5.9 crore during 1999-2000 from only Rs.22 lakh in the year 1994-95. It has planned order booking of Rs.9 crore for the financial year 2000-01.
SAILCON was set up in October 1993 to use SAILs vast knowledge, expertise, experience, state-of-the-art infrastructure, facilities and database to further its business. It markets the total range of design, engineering, technical, management and training services available in all plants/units of SAIL. It provides the clients a single window for meeting all their needs and offers them customised and complete packages.
Besides India, the SAILCONs clientele is spread over Egypt, Saudi Arabia, Iran, Thailand, Bangladesh, Qatar, Nepal, Sri Lanka and the Philippines. Inroads have been made into Kazakhstan, Morocco, Mozambique, Kenya, Libya, Indonesia, Malaysia, Bhutan, Yemen, Zambia and Bahrain. Efforts are on to enter the potential emerging market of COMESA in Africa. To facilitate entry, SAIL has been registered as a consultant with the leading international financial and development organisations like the World Bank, Inter-American Development Bank, Asian Development Bank and Industrial Development Bank of India.
'13'
MAKE PROGRESSIVE USE OF HINDI - B.S. RAWAT
The Minister of State for Science & Technology Shri Bachi Singh Rawat has asked all the Scientific Departments to make progressive use of Hindi in their day to day functioning. Shri Rawat was chairing a joint meeting of the Hindi Advisory Committee of the Departments of Science and Technology, Bio-technology, Council of Scientific & Industrial Research and Ocean Development.The Members of the Advisory Committee appreciated the work done by these Departments in Hindi, especially Hindi-computerisation, publication of journals in Hindi as also institution of awards for original writings in Hindi on science subjects.
'15'
CANARA BANK HANDS OVER A CHEQUE OF RS. 48.05 CRORE TO THE FINANCE MINISTER
The C&MD of Canara Bank, Shri R.J. Kamath handed over a cheque of Rs. 48.05 crore being dividend for the year 1999-2000 to the Finance Minister, Shri Yashwant Sinha.
Canara Bank has been consistently making profits and it had earned net profit of Rs. 236 crore during the last fiscal. The cheque of Rs. 48.05 crore is the balance of profit paid to the Government as Dividend.
During 1999-2000, the banks domestic deposits grew by 16%, advances by 21% and foreign business turnover by 35%. Canara Bank's priority sector advances consist 42% of the net credit.
13
INDO-US SCIENCE AND TECHNOLOGY FORUM COMES INTO EXISTENCE
The Indo-US Science & Technology Forum has come into existence with both sides agreeing to take it to the heights of Research and Development and technology transfer. Launching the Forum formally at a function here yesterday evening the Minister for Science and Technology Dr. Murli Manohar Joshi described its establishment as the first major bilateral initiative between the two largest democracies of the world in the new millennium. The structure of the Forum reflects the new spirit of partnership of equality. The creation of a corpus fund will ensure its self-reliance and operational autonomy. In many ways it represents a new measure of confidence in each others strength, he said. The US Ambassador in India, Mr. Richard Celeste, who represented the American government said the Forum offers tremendous opportunities for scientists from the two sides to work together for the good of not only peoples of both the countries but the entire world.
Before the formal launch Dr. Joshi told news persons that an interim governing body of the Forum has been constituted and also that it held its first meeting to decide on the modalities of cooperation. He told them that Bio-technology, Information technology and Material Sciences are some of the areas where the two sides can have greater collaboration. While replying to pointed queries from newsmen, both Dr. Joshi and Mr. Celeste made it clear that the Forum is in no way affected by the US sanctions.
Both Dr. Joshi and Mr. Celeste presented cheques to create an endowment Fund of the Forum. The US contributed Rs. 32 crore. India made a initial contribution of Rs. 50 lakh and will continue to provide matching funds that are equal to the annual interest earnings from the endowment which amount to Rs. 3 crore every year.
The Interim governing body announced among others include, Science Secretaries Prof. V.S. Ramamurthy, Dr. R.A. Mashelkar, Dr. Manju Sharma and the U.S. Ambassador Mr. Richard Celeste. The Minister of State for Science and Technology Shri Bachi Singh Rawat released a special brochure on Indo-US Co-operation, to mark the occasion. Shri Rawat said, the focus of co-operation is on more challenging and exciting frontiers with Indian and American Scientists working as equal partners to benefit from each others capabilities.
Apart from promoting Indo-US co-operation in research and development and transfer of technology the forum will endeavour to facilitate joint collaborative projects and programmes. It will also strive to establish Indo-US centres of excellence at places in India.
'24'
SHRI B.N.SOM TAKES OVER AS SECRETARY, DEPARTMENT OF POSTS
Shri B.N.Som, an Indian Postal Service (IPS) officer has taken over as the Secretary, Department of Posts (DoP). He belongs to 1964 Batch of the IPS. Shri Som succeeds Shri R.U.S.Prasad who has since retired. Prior to his new assignment, he was Member (Operations) of the Postal Services Board. His other assignments include Additional Secretary and Financial Adviser in the Ministry of Food, Central Provident Fund Commissioner, Post Master General and Joint Secretary in the Union Public Service Commission.
'17'
MARAN APPROVES OF FDI WORTH Rs.727 CRORE
Shri Murasoli Maran, Union Minister of Commerce and Industry Minister, has approved 35 cases of Foreign Direct Investment (FDI) of about Rs.727.00 crores on the recommendations of the Foreign Investment Promotion Board (FIPB). The proposals cover various sectors like health & medical services, manufacture of automotive components, production of TV serials, computer software, E-commerce solutions, construction of BOT bridge across the river Yamuna, basic telephone services, export, market and manufacture of various garments, manufacture of quartz analogue watches and NBFC activities. A list of proposals cleared is enclosed.
LIST OF FDI PROPOSALS CLEARED
S.No | Name of the applicant |
Activity |
Percentage of FDI/NRI equity | FDI/NRI Amount (Rs. In crores) |
||
1 | M/s. Shree Krishna Ultramarine & Chemicals Ltd | Mfr. of pigments and ultramarine blue | Increase from 94.30% to 100% | 1.2 | ||
2 | M/s. Dow Chemical (India) Ltd | Establishing a 100% Holding company for the DOW Groups Investment in India | Expansion of activities | 6.6 | ||
3 | M/s. AtRo Ltd | To engage in the business of trading agrochemicals used as herbicide. | Change in terms of Tech. Agreement | No inflow involved | ||
4 | M/s. Science Aids.com Pvt Ltd | E-commerce software solutions | 405 | 4.8 | ||
5 | M/s. ElectraPartners Asia Pvt. Ltd. | NBFC activities | 100% | 2.23 | ||
6 | M/s. HealthQix.com(India) Pvt Ltd | Health & Medical services | 100% | 0.05 | ||
7 | M/s. Delphi Automotive Systems Ltd | Mfr. of Automotive components, brakes etc. | Permission for test marketing | No inflow involved | ||
8 | M/s. Myrics Piping Systems Pvt Ltd (Pipe Supports India Pvt Ltd.) | Design, Mfr. and Mktg. Of Pipe support materials etc. | Amendment in terms of Tech. Collaboration Agreement |
No inflow involved | ||
9 | M/s. Al Hind TV Ltd | Production of serials with latest technology | F.E + NRI Equity = 20% | 20.00 | ||
10 | M/s. Falak TV Ltd | Production of serials with latest technology | F.E + NRI Equity = 20% | 20.00 | ||
11 | M/s. Maya Entertainment Ltd. | Generation of computer graphics etc. | 18.75% | 3.00 | ||
12 | M/s. Planetasia. com Ltd | expansion of business opportunities in the field of providing Internet business solutions | Increase from 36% to 46% | 0.073 | ||
13 | M/s. Audiovortex (India) Pvt. Ltd. | Build global business-to-business portal | 100% | 4.4 | ||
14 | M/s. Texportal Com Pvt. Ltd. | To building global business-to-business portal | 100% | 4.4 | ||
15 | M/s. Asia World Online Inc. British Virgin Islands | Hosting E-commerce, advertisement, designing and hosting web sites etc. | 100% | 1.8 | ||
16 | M/s. Mindtrac.com India Pvt Ltd | E-commerce activities | 99.99% | 4.5 | ||
17 | M/s. Ariba Inc., USA | E-commerce solutions for all strategic segments of business-to-business, e-commerce etc. | 100% | 0.7 | ||
18 | M/s. Empowertel Networks India Pvt Ltd | Computer software | 100% | 6.88 | ||
19 | M/s. Pennozoil Products | Blending, Mfg. And Mktg. Of comprehensive line of branded motor oils and related industrial and commercial lubricating products | Amendment in existing FC approval | No fresh inflow involved | ||
20 | M/s.Wartsila NSD Corporation, Cayman Islands | Setting up of a Power Project | 100% | 200.00 | ||
21 | M/s. GVK Power (Ratlam) Pvt Ltd | Setting up of a Power Project | 100% | 200.00 | ||
22 | M/s. Noida Toll Bridge Co. Ltd | Construction of the BoT Bridge project across the river Yamuna | amendment in existing FC approval | No inflow involved | ||
23 | M/s. Mitsui O.S.K. Lines Ltd | Recruitment and training and maintaining a pool of seamen | Increase from 50% to 100% | 0.025 | ||
24 | M/s. Adani Wilmar Ltd | Solvent extraction of oil seeds | Amendment in existing FC approval | No fresh inflow involved | ||
25 | M/s. Essar Commvision | Basic Telephone Services | Expansion of activities | No inflow involved | ||
26 | M/s. Emmsons Infotech Ltd | Provide Internet Services | 49% | 2.45 | ||
27 | M/s. TBZ Holdings S.A. Switzerland | Market & sell T-shirts and other knitwear | 55% | 0.55 | ||
28 | Ms. Geertruda M.J. Verleg | export of various products of Textile made ups, garments etc. | 100% | 0.01 | ||
29 | M/s. Portman Holdings, USA | Setting up of mixed use complexes for downstream activities | 215.00 | |||
30 | M/s. Meko Group Holding Ltd | To provide information on internet regarding prospecting and real estate | 100% | 2.21 | ||
31 | M/s. Timex Watches Ltd | Mfr. of Quartz Analogue Watches | Allotment of shares of Preferential basis | 22.00 | ||
32 | M/s. Merloni Termosanitari | Mfr. and sale of water heater, non-electric water heater, geysers etc. | Expn. of activities | No fresh inflow involved | ||
33 | M/s. Watson Wyatt Hong Kong Ltd | Consultancy services in the areas of HRDs | Increase from 70% to 100% | 0.65 | ||
34 | M/s. Cactus Imaging India Ltd. | To do business in large format digital imaging solutions | 50% | 4.00 | ||
35 | M/s. Herion Fluidtronic (P) Ltd | Mfr and sale of various designs of valves & accessories | Increase from 51% to 100% | 0.046 |
'23'
GREATER STRESS ON PREVENTING SYSTEM FAILURES
PUBLIC REDRESSAL MACHINERY FOR INDIAN RAILWAY MEETS
The Chairman, Railway Board, Shri V.K. Agarwal has urged all the zonal railways prevent system failures in different operational areas and to ensure that all the system function as per instruction manuals right down the ground level field staff. This would ensure greater safety, punctuality and would thereby result in better customer satisfaction.
In his opening remarks at the Review meeting of the Public Grievances Redressal Machinery of the Indian Railways at New Delhi, today Shri Aggarwal said that safety, punctuality and customer areas like reservation, issue of tickets, refunds, proper cleanliness and maintenance of railway stations and the trains are very crucial, as these are the areas where a lot of complaints are received. It should be our endeavour to ensure that proper management and monitoring systems be developed to ensure that these areas are attended to in an effective manner.
Shri Agarwal also informed that in order to prevent the human failures greater emphasis is being laid on proper training and developing positive attitudes among the railway personnel. A Customer Care Institute has been set up in New Delhi for training of the Railway personnel. Its curriculum is being extended to the training institutes of various zonal railways also. It is also proposed to have Yoga classes in various railway training institutes to increase the mental and physical fitness of the railway staff. Such classes have already started at Jamalpur Training Institute, Zonal Training Institue for Group C staff at Chandausi and the Drivers Training Institute at Tughlakabad.
The Chairman also underlined the need for streamlining and computerising complaints monitoring systems of all the Zonal Railways in an effective manner.
The Review Committee Meeting has been called to take stock of the various public grievances redressal measures at the Indian Railways and also to work out a strategy for better consumer satisfaction in Indian Railways as outlined by the Railway Minister Ms. Mamata Banerjee in her Budget Speech. It is being attended to by the Additional General Managers of all the Zonal Railways, Members of the Railway Board and other senior officials of the Indian Railways.
'31'
FOUR ROUNDS OF POLIO IMMUNISATION FOR DELHI, UP, BIHAR AND WEST BENGAL
THREE ROUNDS OF POLIO IMMUNISATION FOR ASSAM, ORISSA, MP, GUJARAT, RAJASTHAN, PUNJAB AND HARYANA
LAST TWO ROUNDS OF IMMUNISATION IN OTHER STATES
Union Minister of Health and Family Welfare, Dr. C.P.Thakur has announced that polio eradication efforts will be stepped up in the States of UP, Bihar, West Bengal and Delhi, where four rounds of polio immunisation will take place in the months of September, November and December, 2000 and January 2001. In all, 6.19 crore children below the age of five years will be covered.
Three rounds of polio immunisation will cover the States of Assam, Orissa, Madhya Pradesh, Gujarat, Rajasthan, Punjab and Haryana, in addition to the four States of Delhi, UP, Bihar and West Bengal which will be held in November and December, 2000 and January, 2001. This will cover about 10.73 crore children.
Last two rounds of polio immunisation will cover the remaining other States and Union Territories, apart from above mentioned eleven States which will be held in December, 2000 and January, 2001. These two rounds are nation-wide covering about 15 crore children. Over 6 lakh booths will be set up all over the country and 26 lakh personnel will be deployed for the nation-wide polio immunisation campaign.
Following is the programme schedule of polio immunisation for the current year 2000-2001:
S.No. |
Round |
Date/Month/Year | States/UTs |
Coverage of children |
1. |
1st round |
24th September, 2000 | Delhi, UP, Bihar and West Bengal | 6.19 crore |
2. |
2nd round |
5th November, 2000 | Assam, Orissa, Gujarat,Rajasthan, Punjab, MP, Haryana, Delhi,UP, Bihar and WestBengal | 10.73 crore |
3. |
3rd round |
10th December, 2000 | All the States/ UTs | 14.8 crore |
4. |
4th and final round |
21st January, 2001 | All the States/ UTs | 14.8 crore |
Dr. C.P.Thakur took a review meeting with the Family Welfare Secretaries and Directors of the States of UP, Bihar and Delhi, here on 20th July, 2000, on implementation of pulse polio immunisation programme. Incidence of polio has registered a decline by 89 per cent in the country during the last two years, thanks to the success of polio eradication drive. But in respect of Bihar it is only 22 per cent and in UP, it is 12 per cent. On the contrary, in National Capital Territory of Delhi, it has recorded an increase by 55 per cent during this period.
During the current year, till the end of June, Bihar has reported 30 polio cases and UP 41 cases and no confirmed case has been detected in Delhi so far. The Minister has urged the States to maximise their efforts to achieve the goal of making a country polio free at the earliest. Dr. Thakur assured all support to the States in this regard.
'31'
DR. C.P. THAKUR APPOINTS NODAL OFFICERS FOR BETTER FUNCTIONING OF THE MINISTRY OF HEALTH & F.W.
Union Minister of Health and Family Welfare, Dr. C.P.Thakur has appointed, today, three nodal officers, one each in the Departments of Health, Family Welfare and ISM&H, to make the inter departmental coordination effectively within the Ministry of Health and Family Welfare.
Shri Deepak Gupta, Joint Secretary is the nodal officer for the Department of Health. Shri Gautam Basu, Joint Secretary is the nodal officer in the Department of Family Welfare and Shri L. Prasad, Joint Secretary is the other nodal officer in the Department of Indian System of Medicine and Homoeopathy.
In addition to these three nodal officers in the Ministry, four other nodal officers have been appointed, one for each hospital in Delhi under the administrative control of the Ministry, to look into the health related problems. Following are the details:
S.No. |
Name of the Hospital |
Name of the Nodal Officer |
1. |
AIIMS Hospital |
Shri B.K.Dash, Chief Protocol & PRO |
2. |
R.M.L. Hospital |
Dr. A.K.Gadpayle, Sr. Physician |
3. |
Safdarjung Hospital |
Dr. A.K.Sharma, CMO & PRO |
4. |
Kalavati Saran Hospital |
Dr. Mrs. B.K.Gulati, Addl. Medical Superintendent |
In order to streamline the medical reimbursement claims of MPs, a nodal officer has been appointed for the purpose. Dr. P.K.Baliar Singh, Joint Director, DGHS, Room No.502, D Wing, Nirman Bhavan, New Delhi will be functioning as the nodal officer. His Telephone No. is 3016172.
Dr. C.P.Thakur has informed that health check up of MPs will be started from the ensuing Monsoon Session of Parliament which is to commence on 24th July. This facility will be available at the Medical
Centre, Parliament House Annexe from Monday to Friday (working days). The Lok Sabha Secretariat has been requested to send the list of batches of five MPs each from Lok Sabha and Rajya Sabha who can avail of this facility at the Medical Centre throughout the period of Parliament Session.
'15'
GOVERNMENT COMMITTED TO PROMOTION AND PROTECTION OF SSIs - SINHA
SIDBI 2000 REPORT PROJECTS HIGHER GROWTH AND EXPORTS
The Finance Minister has asked public sector banks to take proactive steps and ensure that the Small and Medium Scale Industries do not suffer in view of the changing environment & competition. He was addressing a gathering after releasing the SIDBI 2000 report on Small Scale Industries here today. Shri Sinha said that the Government under the leadership of Prime Minister, Shri Atal Bihari Vajpayee is committed to protect, sustain, promote and enrich small scale and medium scale industries. "This is essential for a government which has Social Justice and Equity as the bedrock of its economic policy", he said.
Shri Sinha said that the high powered committee on small scale industries under the Chairmanship of the Union Home Minister will come out with a comprehensive policy to deal with the problems faced by the SSI sector. He also advised the representatives of public sector banks who were present in the meeting to translate into reality the announcement made in his budget speech on setting up of a branch each in every district to cater to the needs of Small Scale Industries. Shri Sinha announced his intention to carry forward the tax reforms like uniform floor rates of sales tax and reforms in the indirect tax structure and said that the small scale industries get the required support through these fiscal measures.
Stating that the major problems afflicting the SSI sector are unavailability of timely finance, poor technology and inadequate marketing opportunities, Shri Sinha said that there is a need to review the Technology Upgradation Fund so that SSIs can be modernised to face the challenges. He also called for international cooperation in the SSIs sector so that a powerful international network for their development can be established.
The SIDBI report on Small Scale Industries sector 2000 has projected the growth in SSI to reach 8.5 to 9.5 per cent and its exports to US$ 14.35 billion this year compared to 8.1 per cent and 13.17 billion recorded last year. The report has also come out with a series of recommendations based on surveys conducted. These include the need for a single legislation governing the development of SSIs sector, extension of incentives like infrastructural support, quick dissemination of information, simplification of systems and procedures. It has also brought into focus the positive impact of ongoing reform process on the SSIs sector while emphasising the need to create awareness on WTO norms and their impact on this sector.
'42' NPPA REVISES/FIXES PRICES OF 61 FORMULATION PACKS The National Pharmaceutical Pricing Authority (NPPA) has revised/fixed the prices of 61 formulation packs on July 20, 2000. Prices have been fixed for the first time in the case of 35 formulation packs, in the case of 23 packs the prices have been revised downwards on suo-moto basis and decrease ranges from 1.54% to 35.75%. The prices of three packs have been revised upward ranging between 5.5% to 16.57%.
The ceiling prices (exclusive of excise duty and local taxes) have been fixed in respect of 42 formulation packs. The non-ceiling prices (inclusive of excise duty but exclusive of local taxes) have been fixed in respect of the 19 packs. The prices have been fixed/revised in accordance with the provisions of the Drugs (Prices Control) Order, DPCO, 1995 and as per the established criteria and guidelines. A copy of the statement showing the existing (where applicable) and revised prices is available along with the Notifications on the NPPAs website www.nppaindia.com.
The formulations for which prices have been revised/fixed are Anti-tussives and Anti-allergic formulations based on bulk drug Pseudoephedrine HCl in combination with other drugs, Streptomycin Injections used in the treatment of TB, Griseofulvin based formulation used as anti-fungal. Prices of anti-biotic oral formulations based on bulk drug Erythromycin Streate, Erythromycin Estolate and Cloxacillin Sodium as single ingredient and in combination with bulk drug Ampicillin and Amoxycillin have also been revised downward.
The prices fixed/revised would become effective within 15 days from the receipt of the order of the NPPA in this behalf, as per Para 14(1) of DPCO, 1995. Necessary revised price list is to be issued by the manufacturers/importers required under sub- paragraph (3) of paragraph 14 of the DPCO, 1995. Accordingly, as per the provision, the revised price list in Form-V of the DPCO is to be furnished by the concerned manufacturer to the Government and NPPA, State Drug Control Authorities and distributors, wholesalers and retailers or any other agent.
The manufacturers are also required to work out the pro-rata prices of different pack sizes as the case may be in terms of S.O. No.83 (E) dated 27.01.1998.
'5'
Pilgrims from all over India have started arriving at Pahalgam and Baltal for Shri Amarnathji Yatra in record number, much more than the track can handle. Against the daily quota of 2700 pilgrims who can perform the Yatra from the Pahalgam side and 800 pilgrims from the Baltal side, pilgrims equal to four times these numbers are arriving every day.This has happened because in many cases the pilgrims hold registration slips issued for a much later date. No pilgrim is allowed to proceed from Jammu more than 3 or 4 days before the date mentioned on the registration slip. The pilgrims are eager to have darshan at the earliest.
Shri Amarnathji Yatra is performed on a very narrow mountain track at an altitude between 12,000 and 14,000 feet above the sea level. Any over-crowding on this track can result in loss of human life. There is an upper limit of 3,200 pilgrims that this track can handle on any given day as has been laid down by Dr. Nitish Sen Gupta Committee.
All the intending pilgrims have been advised to reach Jammu not more than 5 days before the date of pilgrimage and to ensure that the registration slips have been issued only by an authorised officer of the Government of Jammu and Kashmir. As per the information received from the State Government, approximately 45 thousand pilgrims have had darshan of the Holy Cave so far.
The State Government authorities have made all the necessary arrangements for the registration and other facilities for pilgrims at Jammu and other places. Weather condition is being monitored daily and the pilgrims advised accordingly.
'16' INDIA EXAMINING POSSIBILITY OF FREE TRADE AGREEMENTS WITH LATIN AMERICAN COUNTRIES GOVERNMENT TO SUPPORT EFFORTS TO EXPORT MORE TO LAC
ABDULLAH ADDRESSES FIEO INTERACTIVE SESSION ON TRADE WITH LATIN AMERICA
India is examining the feasibility of entering into Free Trade Agreements (FTA) with Chile, Andean, Caricom and Mercosur countries. Steps are also being taken to sign trade MOUs with Brazil, Bolivia, Venezuela, Uruguay and Jamaica. Addressing an interactive session on "Trade with Latin American Countries", organised by the Federation of Indian Exports Organisation (FIEO), here today, Shri Omar Abdullah, Minister of State for Commerce and Industry, said that the Focus: LAC programme launched in November 1997 to enhance India's trade with the Latin American region had been reviewed and a more pragmatic and effective strategy for growth in trade with Latin America was being worked out, which would include creation of information data base, activation of Joint Commissions and Joint Business councils, setting up Commercial Attaches in Indian Missions in LAC, review of MDA guidelines to provide for assistance in organising seminars, participation in fairs, inviting/mounting delegations and holding BSMs, market surveys etc. As part of infrastructural development, the government would be providing assistance in opening of warehouses in the LAC region. "Discussions have also been held for bringing improvement in transport links, improvements in financial and banking sectors. In order to overcome the barrier of language, assistance to exporters is now being provided for translation facilities in Spanish/Portuguese and vice versa. Specialised courses in Spanish/Portuguese are also proposed to be organised through IIFT with nominal fees for the benefit of trade", Shri Abdullah added.
The Minister further said that as part of suppliers' credit for the LAC region, a Special Fund of about US $ 500 million would be made available by RBI to the Exim Bank for financing/refinancing activities through commercial banks etc., and this credit would be available at LIBOR rates so as to make Indian exports attractive. Indian companies should try to step up exports to Latin America, particularly through IT, pharmaceuticals and engineering component sectors, he said.
In his welcome address, Shri Navrattan Samdria, President, FIEO, said that the reduction in tariff and non-tariff barriers, privatisation and liberalisation of financial and capital markets in these countries besides control on inflation and tiding over of debt crisis were positive trends for focus in Latin American region. Two of the regional blocs namely NAFTA, which consists of Mexico, USA and Canada and Mercosur comprising Argentina, Brazil, Paraguay and Uruguay were expected to have a visible impact on the trade and investment pattern of the continent, he said. Congratulating the Ministry for recognising the economic importance of this region, Shri Samdria noted that the total trade between India and Latin America had grown from US $ 473.66 million in 1991-92 to US $ 1557 million in 1999-2000, with Argentina, Mexico and Brazil as our main trading partners. In other words, India's trade with the region had increased considerably within the span of 5 to 6 years from 1991-92 to 1999-2000, representing the growth of 200 per cent.
'16' IMPORT DUTY HIKED ON MANY AGRO ITEMS TO SAFEGUARD AGRICULTURE IN POST-QR ERA
MARAN RELEASES BOOKLET ON QRs
The government has raised the basic customs duty or import tariff on a number of agricultural items with a view to safeguarding the interests of the agriculture sector in the post-QR (Quantitative Restriction) era. Thus, the basic customs duty has been raised on the following agro items with effect from 5th April, 2000: Rice in the husk (paddy or rough), from zero to 80%; Husked (brown) rice, from zero to 80%; Semi-milled or wholly milled rice, whether or not polished or glazed, from zero to 70%; Broken rice, from zero to 80%; Maize (corn) seed, from zero to 50%; Grain sorghum, from zero to 50%; Millet, from zero to 50%; Spelt, from zero to 50%; Fresh grapes, from 25% to 35%; Apples, from 35% to 50%; and Preparations for infant use, in retail pack, from 15% to 35%. This is indicated in a booklet on QRs brought out by the Ministry of Commerce & Industry (Department of Commerce), which was released by Shri Murasoli Maran, Union Minister of Commerce and Industry, here yesterday. The booklet was circulated to the Members of the Parliamentary Consultative Committee of the Ministry of Commerce & Industry at its meeting held here yesterday which was attended by Shri U. V. Krishnam Raju, Bali Ram Kashyap, M. Master Mathan, Swadesh Chakraborty, Shamsher Singh, Mahesh Chandra Sharma, Kapil Sibal, R.S. Gavai and Begum Noor Bano.
Further, the basic customs duty (beyond the Tariff Rate Quota) on milk powder has been revised to 60% from the previous zero duty with effect from 12 June, 2000. The duty structure has been calibrated in each case to ensure a balance between the interests of the domestic producers as well as that of the consumers, it indicates. Shri Maran has stated that imports are being closely monitored and the government will ensure through the appropriate use of all available mechanisms to ensure that imports do not cause any injury to domestic producers, including agriculture and the SSIs.
'24'
SHRI RAM VILAS PASWAN INAUGURATES INDIAS FIRST PRIVATE INTERNATIONAL INTERNET GATEWAY
The Minister of Communications, Shri Ram Vilas Paswan said here today that telecom sector in our country is witnessing epoch-making changes with tremendous advancement in technology. He said the Government has also announced a number of key policy decision which has facilitate the liberalisation process in the telecom sector. Shri Paswan was inaugurating Indias first private International Internet Gateway by Mantra Online. The Minister said that this far-reaching development in telecommunications will give the consumers the benefit of cost, quality and choice.
Shri Paswan said that the Government is committed to provide telephone in all the villages by 2002. He said that out of 6.7 lakh villages in the country, the 3.7 lakh villages have already been covered. The rest of the villages working on Multi Access Radio Relay (MARR) System will be gradually replaced by new technology options in the coming two years.
The Minister said that corporatisation of the Department of Telecom Services (DTS) is a significant step towards providing level playing field and also give the necessary flexibility to the corporatised entity to face competition in the market.
The gateway, located at the Mantra Onlines Delhi facility, is Indias first Ku-Band satellite gateway, set up by any Internet Service Provider (ISP). Ku-Band is the most popular state-of-the-art frequency band in use by ISPs. By virtue of its higher frequency operation, Ku-Band can support traffic with smaller antenna sizes in comparison to C/Ext.-C Band. Mantra Online is Indias first Multi-national ISP from Bharti BT Internet Limited, a joint venture of Bharti Enterprises and British Telecom.
'25'
RAJNATH SINGH DEDICATES 4-LANED MATHURA AGRA SECTION OF NH 2 TO THE NATIONUnion Surface Transport Minister, Shri Rajnath Singh dedicated the 51.33 km four-laned Mathura Agra section of NH-2 and also a flyover on it to the Nation at Agra yesterday.
Constructed at a cost of Rs.154.1 crore (expected) with loan assistance from Japan Bank of International Cooperation (JBIC), Japan, this segment of the Golden Quadrilateral marks an important land mark as it would give impetus to industries for efficient movement of goods by road in the Mathura Agra belt. NH-2 between Delhi Calcutta connects important towns of Kanpur, Allahabad and Varanasi and is one of the busiest and major road links in the Northern Region. Delhi Mathura section had already been upgraded with assistance from ADB.
Speaking on the occasion, Shri Rajnath Singh said that funds would not come in the way of timely completion of the Prime Ministers dream project of Golden Quadrilateral linking four metros Delhi, Mumbai, Calcutta and Chennai, and the Corridors linking Silcher in the East to Saurashtra in the West, and Srinagar in the North to Kanyakumari in the South.
He said that the Cabinet approval for Central Road Fund (CRF) would ensure steady flow of funds for financing development and maintenance of National Highways and added that NHAI would also be mobilizing resources through floating of bonds shortly. He said the Centre was committed to general upgradation and improvement of roads to improve driving quality . He said funds would also be provided for village roads through CRF and added that all village roads would get linked to National Highways in such way that no village would be 50 km away from a National Highway.
Referring to the flyover at Agra, at a busy crossing, the Minister said that it was a necessity and its completion would greatly ease movement of traffic on NH-2 and also help streamlining intra-city traffic.