7
PERFORMANCE OF COMPANY LAW SETTLEMENT SCHEME
The four month-long Company Law Settlement Scheme (CLSS), 2000, which ended on September 30, 2000, fetched the Central Exchequer a total sum of Rs. 136.83 crores as the final figures as against the target of mopping up Rs. 100 crores from the defaulting companies.
Out of a total of 4,95,741 existing companies, 2,54,553 companies were defaulting and they were called upon to avail themselves of the CLSS 2000 to get immunity from the Government against prosecutions for violating various provisions of the Companies Act, 1956. A total of 1,27,083 defaulting companies availed themselves of the Settlement Scheme. These companies would be granted immunity and exemption from further prosecutions by the Government.
For the remaining defaulting companies totaling 1,27,482, the Government has already launched a fast-track exit route for their deregistration from the list of Registrars of Companies with effect from September 28, 2000 for a period of sixty days from that date.
Meanwhile, more than 2000 defaulting companies have availed themselves of the fast-track exit route for their deregistration so far. The objective is to begin the cooperative partnership between the Government and the corporate sector on an even clean slate for a hassle-free electronic corporate governance that the Government would be introducing shortly now that the Information Technology Act, 2000 has come into force to herald an era of e-governance including e-commerce, e-business, e-filing of returns and e-transactions.
'16'
The export of manufactured goods from the country and total exports from the country for the years 1997-98,1998-99 and 1999-2000 is as follows:
(US $ Million)
YEAR | TOTAL EXPORTS |
EXPORT OF MANUFACTURED GOODS |
1997-98 |
35006 |
26966 |
1998-99 |
33219 |
26201 |
1999-2000 |
37538 |
31164 |
A number of steps have been taken to further enhance the export growth of manufactured goods which include reduction in transaction costs through decentralisation; setting up of SEZs; simplification of procedures; extending the EPCG schemes to all sectors and all capital goods without any threshold limit on payment of 5 per cent of duty; and various other measures as enumerated in the Exim Policy. Steps have also been taken to promote exports through multilateral and bilateral initiatives, identification of thrust sectors and focus regions.
'17'
MARAN CLEARS FDI CASES WORTH Rs.2620 CRORE
Shri Murasoli Maran, Union Minister of Commerce & Industry, today approved 37 cases of Foreign Direct Investment (FDI) of about Rs 2620 crore. The proposals cover a wide range of sectors like agriculture, bio-technology, machine tools, software development, internet related services, tourism, textiles, portfolio management advice and services, educational and entertainment software, investment in software units under STP scheme, business management and consultancy and telecommunication services. A list of proposals cleared is given below. Earlier, the Foreign Investment Promotion Board had submitted its recommendations for the Minister's clearance.
LIST OF FDI PROPOSALS CLEARED
Sl. No. | Name of the Company
& Regn. No. |
Activity | Percentage of FDI/NRI investment | Amount of FDI/NRI
inflow (Rs. in crore) |
|||||
01. | M/s. IMV India Pvt Ltd | Mfg. Assembling, importing etc. and support of research and development in the veterinary products and equipments | Amendment in the existing FC approval | No fresh inflow involved | |||||
02. | M/s.Eagle Agro Farms Pvt Ltd | Business of poultry products including commercial chicks, hatching eggs & dressed chicken | 28.57% | 9.00 | |||||
03. | M/s. Seagram India Ltd | Mfr. of non molasses based spirit mfg/blending facility | Amendment in the existing FC approval | No fresh inflow involved | |||||
04. | M/s. Quantum Advisors Pvt Ltd | Portfolio management advice and services | 50.49% | 0.96 and CP Shares worth Rs. 132.00 crore | |||||
05. | M/s. ABB Holdings (South Asia) Ltd | To act as a holding company for ABBs Investment to coordinate management and administration | Amendment in the existing FC approval | No fresh inflow involved | |||||
06. | M/s. Development - Credit Bank Ltd | Banking, Merchant Banking, International Banking, Offshore finance | Increase from 15.51% to 37.50% | 6.36 | |||||
07. | M/s. Afro Asian Development Consortium Inc. | Providing High-tech clean environmental technologies for various industries | Amendment in the existing approval | No fresh inflow involved | |||||
08. | M/s. McDonalds India Pvt Ltd | Setting up of Mc Donalds restaurants | Amendment in the existing FC approval | No fresh inflow involved | |||||
09. | M/s. Guanguan Marine Products Pvt Ltd | Fishing activities | 100% | 0.01 | |||||
10. | M/s. Asia Pacific Exports Ltd | Poultry and other slautering preparation and frozen and value added products | 100% ( Issue of preference shares) |
106.00 | |||||
11. | M/s. Honda Siel Car India Ltd | Manufacture of Motor Cars | Increase form 90% to 99% | 14.40 | |||||
12. | M/s. Motor Industries Co. Ltd | Mfr. of diesel fuel injection equipment, spark plug etc. | Increase in foreign equity from 54% to 57% by way of buy-back | No fresh inflow involved | |||||
13. | M/s. Demag Ergotech GmbH, Germany | Mfr, Mktg. And sale of injection moulding machines | 50% | 6.909 | |||||
14. | M/s. Alstom Instrument Transformers Pvt Ltd, France | Mfg. Of current transformer, capacity voltage transformer, air core reactor etc. | 100% | 15.0 | |||||
15. | M/s. Euro RSCG Advertising Pvt Ltd | Providing entire range of communication services | Downstream investment by way of acquisition | No fresh inflow involved | |||||
16. | M/s. South Asia Software Experts Ltd | activities relating to educational and entertainment software | Amendment in the existing FC approval | No fresh inflow involved | |||||
17. | M/s. Zen Communications Pvt Ltd | Advertising and publicity | Increase from 60% to 64.666% | 0.56 | |||||
18. | M/s. Percept Communications Pvt Ltd | Media buying, planning, strategy and consultancy | 51% | 0.51 | |||||
19. | M/s. HCL Technologies Ltd | investment in software units under STP scheme | Issue of ADR | 2250.00 | |||||
20. | M/s. PA Overseas Holdings Ltd | Business and management consultancy | Amendment in the existing FC approval | No fresh inflow involved | |||||
21. | M/s. Pixel Infotek Pvt Ltd | Development of Computer Software | 40% | 0.28 | |||||
22. | M/s. I-Quest Corporation Ltd, Hong Kong | In-house internet support management services etc. | 100% | 0.23 | |||||
23. | M/s. Ajuba Solutions (India) Pvt Ltd | Call Centre activities, Software Development Activities | 100% | 1.44 | |||||
24. | M/s. Eximsoft Technologies | Software Development | 50% | 0.008 and issue of preference shares worth 0.66 crore | |||||
25. | M/s. BHP Khanij Anveshena Pvt Ltd | prospecting and exploration of minerals | Expansion of activities | No fresh inflow involved | |||||
26. | M/s. Royal Dutch Shell Group of Companies, UK | establishing and operating an LNG import and re-gasification terminal | Amendment in the existing FC approval | No fresh inflow involved | |||||
27. | M/s. J.P. Kenny Pty Ltd, Australia | Engineering consultancy and project management services to the Oil and Gas industry | 50% | 0.40 | |||||
28 | M/s. Konaseema EPS Oakwell Power Ltd | To build, own and operate two barge mounted power plants | Amendment in the existing FC approval | No fresh inflow involved | |||||
29. | M/s. Egain Communications Corp., USA | Providing integrated, multi-channel e-customer communications solutions | Equity Swap | No physical inflow is involved. | |||||
30. | M/s. Pascific Netinvest Pvt Ltd | Telecommunica-tion Services | 49% | 38.31 | |||||
31. | M/s. Carlyle Asia Investment Advisors Ltd, Hong Kong | Providing consultancy services including investment advisory, investment management etc. in relation to IT, telecom, internet and Software industry | 100% | 4.50 |
32. | M/s. Berry Mills Pvt Ltd | Import, export, buy, sell, re-sell and deal in all kinds of Handicrafts, Furniture, Textiles, Finished or semi-finished products | 100% | 0.10 | ||
33. | M/s. Casto Travel, Inc., USA | Travel agency business through Internet and travel-related services to international airlines and other travel portals | 100% | 11.37 | ||
34. | M/s. Appu Hotels Ltd | Construction of a Five Star Deluxe Hotel | Increase from 83.62% to 84.70% | 4.00 | ||
35. | M/s. JMS Detailing Pvt Ltd | preparation of detail shop drawings for fabrication of structural steel members to be used in construction projects | Increase in equity from 80% to 100% | 0.31 | ||
36. | M/s. Zakiya Atlantic Export | Mfg. Wooden items | 50% | 15. | ||
37. | M/s. Atelier De Realisation Mecanique (Arm) S.A., France | Mfr of precision components and accessories for medical and Spl. equipment | 50% | 2.80 |
'16'
INDIA, US SHOULD TARGET $ 25 BILLION ANNUAL TRADE, SAYS MARAN
EARLY RESOLUTION OF ISSUE OF ANTI-DUMPING LEVIES SOUGHT -- CONCRETE STRATEGIES FOR QUANTUM LEAP IN US INVESTMENT
MEETING OF INDO-AMERICAN CHAMBER OF COMMERCE
Shri Murasoli Maran, Union Minister of Commerce & Industry, has said that India and the United States should target annual trade of at least US $ 25 billion in the next 5 years -- nearly double the current annual level of trade of $ 13 billion between the two countries. Speaking at the meeting of the Indo-American Chamber of Commerce (IACC) on the future of Indo-American business relations here today, Shri Maran also urged early restoration of GSP (Generalised System of Preferences) benefits on Indian exports to the US on a wide-range of products as well as speedy resolution of the issue of anti-dumping levies on exports so as to boost business confidence. Pointing out that although the US today was India's largest trading partner with an expanding volume of trade, India's share was only 0.7 per cent of US imports, Shri Maran stressed that "while the business on both the sides has to shift into higher gears for greater momentum, the governments need to work on issues of market access and building of appropriate institutional framework".
Likewise, Shri Maran said that India and the US needed to work out concrete strategies to achieve a quantum leap in US investments in India by assessing where the current investment process from the US might be going amiss, considering that the FDI inflow-approval ratio was only 17.8 per cent for the US despite the fact that the US ranked the largest investor in India. "We want to make every American investment story a success story" Shri Maran said. During 1991-2000, approvals for US investment from India were of the order of $ 14.4 billion and the actual inflow, a meagre $ 2.54 billion. An important development in the direction of achieving the quantum increase in the US investment was the setting up of the Strategic Management Group in Prime Minister's office in India on October 10, 2000 under the chairmanship of the Principal Secretary to the Prime Minister with the Cabinet Secretary, Governor RBI and Secretaries of important economic ministries as members. This group, Shri Maran said, would undertake inter-ministerial coordination for speedier implementation of large projects and undertake consultations to accelerate inward capital flows. Among other policy initiatives mentioned by Shri Maran for stepping up investment flows were the issue of notifications for providing a hassle-free customs framework for the proposed Special Economic Zones (SEZs) in India and the decision to bring FDI in the insurance sector under the automatic route.
Referring to the Indo-US Commercial Dialogue, Shri Maran said that it had made a good beginning and indicated that India would encourage participation of small and medium enterprises in the Dialogue for ensuring more beneficial and enduring business relations between the two countries. The Minister's address was followed by Q&A session in which Shri Ajit Kumar, Secretary (IPP) participated along with Shri Gautam Mahajan, Regional President, IACC; Shri Amit Kumar Sen., National President, IACC; and Shri Vinod Chandiok, Executive Vice President, IACC.
'31'
DR. C.P.THAKUR'S GLOBAL IODINE DEFICIENCY DISORDERS DAY MESSAGE
Marking the occasion of Global Iodine Deficiency Disorders Day falling on 21.10.2000, Union Minister of Health and Family Welfare, Dr. C.P.Thakur, in his message has said that more than 20 crore people are at the risk of iodine deficiency disorders in the country, out of about 150 crore people suffering from iodine deficiency disorders in the world.
Iodine deficiency disorders are one of the major public health problems of today. Lack of iodine results in abortion, still-birth, mental retardation, deaf mutism, squint, dwarfism, goiter of all ages, neuromotor defects etc. The adverse effects of these disorders are profound on the mental ability of the individual which directly affects the human productivity, though they do not cause death.
Iodine is an essential micronutrient and an intake of about 100-150 microgram is required daily for normal human growth and development. National Iodine Deficiency Disorders Control Programme is being implemented in India, as a Centrally assisted programme with special emphasis on iodine deficiency disorders survey, supply of iodated salt, laboratory monitoring and health education. The problem of iodine deficiency disorders exists in varying degrees in all States/ Union Territories in the country.
Iodated salt is the most effective, economic and expensive way to control the problem of iodine deficiency disorders. India is self sufficient in production of iodated salt, having an installed capacity of more than 119 lakh tonnes per annum against the requirement of 50 lakh tonnes.
Dr. C.P.Thakur has called upon the people to take a pledge to consume iodated salt daily in order to prevent, control and finally eliminate iodine deficiency disorders from the country. He has also sought the people's cooperation and support in eliminating iodine deficiency disorders by creating awareness about the crucial role of iodated salt in keeping them fit and healthy both mentally and physically.
'31'
DR.C.P.THAKUR ORDERS NOT TO CLOSE THE HOMOEOPATHY RESEARCH UNIT AT NEMOM IN KERALA
Union Minister of Health and Family Welfare, Dr. C.P.Thakur has order the Secretary, ISM&H to keep the proposal of closing the extension unit of Central Council for Research in Homoeopathy at Nemom in Kerala in abeyance.This homoeopathy extension unit has been functioning there since 20th June, 1998. Rs. 10 lakh have been contributed towards construction of its building from the MPs Local Assistance Development Fund, at the 10 cents of land offered free of cost by the local panchayat.
The Minister has taken this step following the representation received from Shri V.C.Kabeer, the State Minister for Health and Family Welfare, Kerala Government, Shri V.S.Sivakumar, Member, Parliament, Thiruvanantapuram and Shri C.P.Bhaskaran, Member, Legislative Assembly from Nemom.
'16'
MEASURES TO BOOST EXPORTS OF CASH CROPS
Some of the steps taken/proposed to be taken by the government during VIII and IX Five Year Plan to boost exports of agro-products including cash crops include:
The export of different cash crops during each of the last three years in terms of quantity and value is as below:
Period: April-March Quantity: Tonnes Value: Rs. Lakhs
1999-2000 |
1998-99 |
1997-98 |
||||
ITEM |
Value |
Quantity |
Value |
Quantity |
Value |
Quantity |
Tobacco |
99253 |
138022 |
76178 |
88964 |
107024 |
144697 |
Spices |
170192 |
195793 |
163252 |
209828 |
140966 |
230531 |
Cashew |
245361 |
93215 |
163160 |
79169 |
140708 |
81348 |
Sugar |
1076.5 |
7043 |
1735.9 |
12735 |
24445 |
173282 |
Tea |
176577 |
183807 |
226489 |
210395 |
187629 |
193700 |
Coffee |
136407 |
165309 |
172792 |
193610 |
169614 |
160272 |
Cotton |
8067.1 |
16750 |
20692 |
41960 |
82189 |
157534 |
Rubber |
NA |
5989 |
559.18 |
1840 |
512.28 |
1415 |
'24'
CONVERGENCE BILL LIKELY TO BE INTRODUCED IN COMING SESSION OF PARLIAMENT PASWANNATIONAL SEMINAR ON CONVERGENCE INAUGURATED
The proposed Bill on Convergence is likely to be introduced in the coming session of Parliament and the recommendations of the Sub-Group would be viewed positively by the Government. Stating this at a National Seminar on Convergence organised by Associated Chambers of Commerce and Industry of India (ASSOCHAM) here today the Minister of Communications, Shri Ram Vilas Paswan said that convergence of technology is the future which should benefit the consumer in terms of cost, quality, choice and reliability. The Minister said that the report of the Sub-Group headed by Fali Nariman and the Draft Convergence Bill that the Group has proposed may be seen as an expression of the Governments determination to bring in convergence in India. In this respect, he mentioned about the policy initiatives by Government such as corporatisation of DTS and DTO into Bharat Sanchar Nigam Limited (BSNL), opening of National Long Distance telephony for private participation, permitting unrestricted entry into Basic Services, strengthening of Regulator and the opening of International Long Distance telephony being brought forward to 1st April 2002.
Shri Paswan said that convergence should increase the tele-density in the rural areas which despite having 2.90 crore telephones enjoys only 18 per cent of the total telephones having 78 per cent of the population. The government, he said, was committed to provide a telephone in every village by 2002 and increase the number of telephones to seven crore by 2005 and 10 crore by 2010. He said that the private sector must cooperate and act as a partner in providing the telephones to the villages which not only facilitate communication but also connects hearts of the people.
Earlier in his special address, the Chairman, Telecom Commission, Shri Shyamal Ghosh dwelt on the importance of 3Cs consumer, consumer electronics and the convergence which he said are becoming important in the light of providing affordable communication. He said that the proposed convergence bill envisages setting up of a super regulatory authority with which would lie the powers of licensing. Spectrum is another area which could also be looked after by the Regulator with inputs from Wireless Adviser.
Delivering his key note address the Chairman of the Sub-Group on Convergence, Shri Fali S. Narimar said that legislation alone cannot take care of all the problems arising out of the new technology and added that self-regulation is the best option.
'24'
TRAI PROVIDES RECOMMENDATIONS ON PROVISION OF MOBILE COMMUNITY PHONE SERVICES
PRESS NOTE
Telecom Regulatory Authority of India (TRAI) today gave its recommendations to the Government on provision of mobile community phone services. The immediate context in which the need for these recommendations arose was a reference from the DOT on the subject. The DOT had earlier prohibited, by an executive order, the Cellular Mobile Service Operators from providing such public call facility, except in situations of inherent mobility, e.g. trains, buses, running taxis etc.
1. Basic Thrust of the Recommendations
The Authority has based its recommendations in the context of the NTP99, and a wider public interest rather than the viewpoint of any one section which might be affected. The corner-stone of NTP99 is to enhance the availability of affordable and effective communications for all citizens. TRAI is of the view that if an alternative service is available to people at lower rates, the service should be made available subject to specified conditions and without discrimination. This will promote competition and thus help the customer.
The recommendations also reflect TRAIs view that there is a need for service providers to evolve competitive strategies to enhance their revenue and service base, rather than to expect guaranteed returns by keeping certain alternate services out of the reach of the public, an approach not consistent with the norms of a liberal, open and competitive economy.
2. Main Recommendations
Allow public to make calls from mobile handsets provided by service providers
or their employees/agents
TRAI has recommended that the Government should allow cellular mobile service providers to offer the public in their license area the service of making calls from mobile hand sets handled through their agents/employees.
This will help increase competition and will enhance the options available to the customer in terms of lower prices and wider choice of services.
TRAI has recommended that the users of this service should not be charged a tariff which is more than the airtime charge, plus the appropriate fixed network charge if the call has travelled over some portion of the fixed network. Service providers would be free to offer a lower tariff for the service.
This ensures that the tariff of the service would not be more than that for mobile calls. To the extent that cheaper calls, particularly for intra-circle long distance, are provided by this service, the customer will benefit.
TRAI has also recommended that providers of this service should be required to display prominently the tariff which is applicable and which the users of this service are liable to be charged.
TRAI has emphasised the need for a mechanism to ensure that the customers are not overcharged by mobile public phone providers, and has suggested that a suitable arrangement will have to be prescribed for this purpose if it has not been devised already.
This focus here is to provide a system through which the customer is properly informed about the charge applicable and to ensure that verification of charging complaints could be made at a later date.
3. Likely Impact:
In actual practice, whether consumers would opt for one alternative or the other would depend upon the competitive tariffs and the quality of service, and it would appear that the interest of the consumers would be best served by introduction of competition in this area rather than by limiting competition. It is also clear that there are certain sections of the people who would find this service to be of particular advantage, for example, old people or people who are sick or women who do not like to go outdoors to the fixed service PCOs. There is no reason why an alternative which technology has made available should be denied by means of administrative orders.
The recommendations will increase the scope of services available to the general public, will reduce applicable tariffs in several cases, and will enhance the participation of a section of society that may have found it difficult to avail of telecom services in general.
'31'
KARGIL BACK IN NEWS FOR HEALTH 'MELA'
Kargil is back in news but for different reasons. This time Kargil wears festive look as a three-day Swasthya Mela begins tomorrow.
About thirty stalls have been set up for providing a wide range of health services to the people at the mela site. Facilities for child health care, immunisation, maternal health care, screening for leprosy and TB, Counselling for Family Welfare and HIV/AIDS will be available. Contraceptives, allopathic medicines as well as ISM drugs will be given free to the patients during the three-day mela ending on 23rd this month. A separate stall for No Scalpel Vasectomy has been set up. The other facilities available are general physical examination including blood pressure and sugar, eye, ENT orthopaedic, cardiac and dental check-ups.
Arrangements have also been made to transport patients from different blocks to the mela site. About 10 thousand people are expected to visit the mela every day. The mela is being organised by Jammu & Kashmir Government in collaboration with the Union Ministry of Health and Family Welfare.
Union Minister of Health and Family Welfare, Dr. C.P.Thakur and Union Minister of State for Health and Family Welfare, Shri A.Raja have already reached Srinagar. A team of doctors from All India Institute of Medical Sciences and Ram Manohar Lohia Hospital and the officials from the Ministry have reached Kargil with the medicines worth Rs.1.5 lakh and publicity materials in Urdu. The Indian Army is providing all support for this mega event of the border area. An intensive awareness campaign launched a fortnight ago has evoked enthusiastic response for this mela from the people in and around Kargil.
Dr. C.P.Thakur will inaugurate the mela at Kargil at 10.30 a.m. tomorrow. Shri A.Raja, MOS for Health and Family Welfare, Shri Mian Altaf, Health Minister, Jammu & Kashmir & Shri Ghulam Hasan Khan, MP from Ladakh are the other dignitaries of the inaugural function.
The mela will be a tribute to the local people for helping the Defence Forces of India thwart the intrusion last year from across the Border.
'31'
LABELLING OF NON-VEG. PRODUCTS WITH MODIFIED SYMBOL
PRESS NOTE
Government have issued a notification dated GSR No.775(E) on 6.10.2000 seeking comments from the public on the proposal to amend the PFA Rules to introduce the concept of labelling all non-vegetarian products for the information of the consumers.
The proposal to label all non veg products using a symbol, viz a circle with a chord passing through it diagonally, was published on 17.5.2000 to come into effect on 17.11.2000. However, there were certain concerns expressed about the choice of symbol. Hence, after discussions with all the stakeholders, it has been decided to modify the symbol to a red full circle enclosed within a black square outline. It has also been proposed that the symbol will be will be placed in close proximity to the name or brand name of the product on the main display panel of all food products containing non veg ingredients, instead of placing it approximately in the middle, above and brand name. Further, the size of the symbol has been made in proportion to the surface area of the packaging, as per the existing requirements under the PFA Rules.
The definition of what constitutes a non vegetarian ingredient will remain unchanged. However, those products which contain only eggs and no other non-veg ingredients, will be allowed in indicate this fact on the label, over and above the use of the symbol, for the information of those consumers who eat eggs but no other non-veg ingredients.
This earlier notification issued on 17.5.2000 has been rescinded to accommodate the above changes and comments from the Public are invitied to the proposed changes by end of October, 2000. Comments may be addressed to Secretary (Health), Ministry of Health and Family Welfare, Nirman Bhavan, New Delhi.
7
LAW MINISTER ANNOUNCES POLICY FOR E-CORPORATE GOVERNANCE
The Minister for Law, Justice and Company Affairs Shri Arun Jaitley has announced a pioneering initiative taken by the Department of Company Affairs for launching E-Corporate Governance. Addressing a press conference here today Shri Jaitley said that the E-Corporate Business Working group set up in the Department has evolved an investor friendly Corporate Identify Number (CIN) to be assinged to companies registered in the country. The CIN has been designed to uniquely identify each company registered in the country. The CIN would reflect the activity/industry, ownership, year of incorporation, state of registration and listing status of a company. With the introduction of CIN with effect from November 1, 2000, the investors/general public would be able to obtain more meaningful information on a company as compared to the existing Registration Number assigned to a company. The National Informatics Centre (NIC) officials will provide training to the officers at Registrar of Companies (ROCs) for allotting the CIN.
Further, the Department has put the list of all the registered companies and their state of registration on its website www.nic.in/dca. Alongwith the list, Corporate Deciles on 25,000 large and medium sized public limited companies is also available. The Corporate Deciles provies a frequency distribution of the corporates by their size. The CIN number would also be put on the website in due course. The disclosure of basic information on companies would improve transparency and benefit investing community, particularly the small investors.
The Department of Company Affairs has also modified the various Company Law Forms filed at Registrar of Company offices. Under the Companies Act, 1956 the corporate sector has to file 100 different forms. Consequent on the opening up, 30 forms stand deleted. Out of the 70 forms the E-Corporate Business Group identified 20 forms which have a frequency use of more than 80 per cent by the corporate sector. After a careful study even these 20 forms have not only been reduced to 11 forms but also have been simplified, rationalised and made computer friendly. The new forms will also be available online at Department of Company Affairs website www.nic.in/dca . the forms can downloaded from the website from November 1, 2000. This initiative would bring Indian corporate sector in line with the best international practices prevalent in countries like UK, USA etc.
Yet another initiative taken by the Department of Company Affairs is Company Law Settlement Scheme-2000 (CLSS-2000), which has successfully concluded on September 30, 2000. About 41 per cent of the working companies have participated and contributed to the exchequer a sum of Rs. 136 crores. The Government proposes to utilize this amount for computerization and modernisation of the offices of Registrar of Companies (ROCs) and offices of Official Liquidators. This will enable provision of single window and quick service to public.
'5'
CONSULTATIVE COMMITTEE APPRECIATES HOME MINISTRYS EFFORTS TO CONTAIN TERRORISM IN JAMMU & KASHMIR
Governments efforts coupled with better coordination among the intelligence agencies and security forces has yielded notable results in containing terrorism in Jammu & Kashmir. The security forces neutralized over 1210 militants in the State till the 15th of October this year which is higher than the militants killed in any calendar year since 1996. The Home Minister, Shri L.K. Advani told the Consultative Committee, here today that India has been successful in mobilizing world opinion against Pakistan for its activities in aiding and abetting cross-border terrorism.
As a result of New Delhis efforts, some of the major countries like the USA, Canada, Britain, France and Israel have agreed to set up Joint Working Groups with India to tackle cross-border terrorism. Shri Advani further said that Indias stand of not holding a dialogue with Pakistan till it stops cross-border terrorism has been appreciated globally. He said we are prepared to talk with the militants in the valley if they give up arms and come to the negotiating table. Shri Advani said he along with the Defence Minister, Shri George Fernandes will visit Srinagar on coming Sunday to make an on the spot assessment of the situation.
A visual presentation was made on the various steps taken by the Government and efforts made to check militancy in Jammu & Kashmir. This also included pictorial presentation of the Chittisinghpora killing in March this year in which Pakistans clear involvement was established.
Members cutting across party lines hailed the Centres efforts in containing militancy in Jammu & Kashmir but cautioned the Government against complacency in this regard. They also suggested that the situation in J&K be tackled through economic development and social upliftment of the people. Some Members also suggested that the unemployed youth of the State of Jammu & Kashmir should be given jobs in Public Sector Undertakings outside the State. They also suggested adequate protection to Minority Communities.
Some Members opined that the Autonomy Resolution passed by the J&K Assembly should not have been rejected outrightly. In reply, the Home Minister said the Resolution had recommended a return to pre-1953 status which is not acceptable to the Government, as it would severely harm the interest of the people. He said the Centre is prepared for greater devolution of powers to States including J&K which will lead to efficiency in administration, speedier development and Government has an open mind on the issue.
Shri Advani assured the Consultative Committee that the Government will take into consideration the Members valuable suggestions to further improve the situation in Jammu & Kashmir.
S/Shri Ananda Mohan Biswas, S.K. Bwiswmuthiary Holkhomang Haokip, G.M. Banatwalla, Bishnu Pada Ray, S.P. Singh Baghel, Babban Rajbhar, Wangcha Rajkumar, Shivraj V. Patil, Saiduzzaman and Sahib singh Verma all from the Lok Sabha and S/Shri Devi Prasad Singh, Dina Nath Mishra, Sikander Bakht, Narendra Mohan, Debabrata Biswas, Dr. Karan Singh, Jayanta Bhattacharya, Mirza Abdul Rashid, Balbir K. Punj and Ghanshyam Chandra Kharwar all from Rajya Sabha participated. The Ministers of State Shri I.D. Swami and Shri C. Vidyasagar Rao also attended the Consultative Committee meeting.
ANNEXURE-I
MILITANT ACTIVITIES IN J&K
STATISTICAL TABLE
1995 |
1996 |
1997 |
1998 |
1999 |
2000 Till Oct.-15 |
||
I) | NO. OF INCIDENTS | 5938 |
5014 |
3420 |
2932 |
3071 |
2319 |
ii) | CIVILIANS KILLED | 1031 |
1336 |
938 |
867 |
821 |
574 |
iii) | CIVILIANS INJURED | 1532 |
1560 |
1060 |
1187 |
1119 |
870 |
iv) | SFs KILLED | 234 |
185 |
186 |
232 |
356 |
305 |
v) | SFs INJURED | 789 |
542 |
390 |
479 |
741 |
635 |
vi) | MILITANTS KILLED | 1332 |
1209 |
1075 |
999 |
1082 |
1210 |
vii) | MILITANTS SUSPECTS/APPREHENDED | 3288 |
2567 |
1049 |
1228 |
744 |
510 |
viii) | *MILITANTS ARRESTED UNDER SUSTANTIVE LAW | 2200 |
475 |
294 |
457 |
417 |
347 |
ix) | FOREIGN MILITANTS KILLED | 85 |
139 |
197 |
319 |
305 |
302 |
x) | FOREIGN MILITANTS ARRESTED | 30 |
16 |
9 |
12 |
6 |
6 |
'33'
NARAIN TAKES CHARGE AS DEFENCE SECRETARYShri Yogendra Narain, a 1965 batch officer of the Indian Administrative Service took over today as Defence Secretary. Shri Narain, who succeeds Shri T R Prasad, was earlier Chief Secretary UP Government.
Shri Narain has held various senior administrative positions at the Centre and in the State of UP, including Principal Secretary, Irrigation and Power and Secretary to three State Chief Ministers as well as Principal Secretary to the Governor of UP. At the Centre, he held the appointments of Secretary, Surface Transport and Chairman, National Highway Authority of India before he took over as Chief Secretary of UP in April 1998. He was also the founder Chairman of the Greater NOIDA Industrial Development Authority. Among the other sensitive assignments in Uttar Pradesh, Shri Narain had been the District Magistrate of Muzaffarnagar and had successfully tackled the communal riots which took place in the district. He has also been the District Magistrate and Commissioner of the state capital of Lucknow
'33'
PRESIDENT CONFERS GALLANTRY AND DISTINGUISHED SERVICE AWARDSPresident, Shri K R Narayanan conferred one Maha Vir Chakra, two Kirti Chakras, nine Vir Chakras and nine Shaurya Chakras on those Armed Forces and civilian personnel who displayed conspicuous gallantry, indomitable courage and extreme devotion to duty at a solemn ceremony in Rashtrapati Bhawan, here today.
The President also conferred one Sarvottam Yuddh Seva Medal, 12 Param Vishisht Seva Medals, two Uttam Yuddh Seva Medals, and 18 Ati Vishisht Seva Medals to senior officers of the Armed Forces for distinguished service.
The following is the list of awardees :-
SARVOTTAM YUDDH SEVA MEDAL
1. Lt Gen Hari Mohan Khanna (IC-12315), Infantry
PARAM VISHISHT SEVA MEDAL
MAHA VIR CHAKRA
KIRTI CHAKRA
1. Subedar Daljit Singh (JC-518184), Dogra, 31 Rashtriya Rifles (Posthumous)
UTTAM YUDDH SEVA MEDAL
ATI VISHISHT SEVA MEDAL
VIR CHAKRA
SHAURYA CHAKRA
The Vice President, Shri Krishan Kant, Home Minister, Shri L K Advani, Defence Minister, Shri George Fernandes, Minister of State for Defence Production and Supplies, Shri Harin Pathak, Cabinet Secretary, three Service Chiefs, Defence Secretary and senior officials of Armed Forces and Defence Ministry were also present on the occasion.
'33'
SCHOOL CHILDREN FROM J&K CALL ON GEORGE FERNANDES
A group of twenty-two school children from Kishtwar tehsil of Doda district in Jammu & Kashmir called on the Defence Minister Shri George Fernandes here today. Shri Fernandes talked to the children and enquired after their welfare.
The children aged between 9-16 yrs are on an excursion trip Vision India organized by counter insurgency delta force of the Indian Army. The purpose of the excursion is to expose them to the vastness and greatness of rest of India. The children left Kishtwar on 7th October and toured Jamnagar, Ajmer, Jaipur, Agra and are now in the Capital. They are slated to return to Kishtwar on 23rd October.
'33'
DEFENCE EXPORTS TO BE DE-LICENCEDThe Ministry of Defence is working on de-licensing the exports of defence production and a legislation to this effect is contemplated in the near future. This was disclosed by Shri Dhirendra Singh, the Additional Secretary, Defence Production and Supplies. Delivering the keynote address on the workshop on Export Potential of Defence Equipment here today, Shri Singh said the Ministry of Defence has great interest for such interactions among producers and exporters of defence equipments. He said that since 1995 self-reliance in defence production has been the policy of the government and 70 per cent of self-reliance was to be achieved within the next ten years. Shri Dhirendra Singh said armed forces in the country are sole users of defence products so exports of defence equipments in the world market is very difficult and limited. But he encouraged the participants of the workshop saying that those who have entered this area are doing well. Shri Singh added that when others can do well at our cost then we can also do well at their cost. The Additional Secretary stated that during the last financial year the export of defence equipments by private sectors amounted to 1800 crore rupees and the Defence Public Sector Undertakings (DPSUs) shared 16 per cent of the export.
The workshop was organized by the Federation of Indian Export Organisation where Ordnance Factory Board, Director General of Quality Assurance and eight DPSUs participated in addition to about 80 defence equipment exporters.
' 21'
ALL INDIA CONSUMER PRICE INDEX FOR AGRICULTURAL AND RURAL LABOURERS FALLS
The All-India Consumer Price Index for Agricultural Labourers (Base 1986-87 = 100) for September ,2000 went down by 2 Points and for Rural Labourers by 1 point over the previous month to stand at 306 for Agricultural Labourers and at 308 for Rural Labourers.In case of Agricultural Labourers, the index fell by 1 to 18 points in 13 states, went up by 1 to 4 points in 4 states while it remained constant in three states. The index for Rural Labourers, also decreased by 1 to 21 points in 13 states, but increased between 2 to 4 points in 2 states while no change in indices was registered in five states. Meghalaya topped the index with 349 points for Agricultural labourers and 346 points for Rural Labourers while Bihar figured at the bottom of the points table with 287 and 289 points respectively.
Point to point rate of inflation based on CPI-AL and CPI-RL, decreased from 0.00% and 0.32% in August, 2000 to (-)1.3% and (-) 0.65% during September, 2000 respectively. Respective rates of inflation during September, 1999 were 4.40% and 4.03%.
All-India Consumer Price Index (General & Group-wise)
GROUP | Agricultural Labourers |
Rural Labourers |
||||||
August, 2000 |
September, 2000 |
August, 2000 |
September, 2000 |
|||||
General Index | 308 |
306 |
309 |
308 |
||||
Food | 307 |
305 |
308 |
305 |
||||
Pan, Supari etc | 359 |
360 |
359 |
360 |
||||
Fuel & Light | 287 |
287 |
287 |
288 |
||||
Clothing, Bedding & Footwear | 309 |
310 |
318 |
319 |
||||
Miscellaneous | 311 |
311 |
310 |
311 |
21
A HIGH LEVEL CHINESE LABOUR DELEGATION ARRIVES ON SUNDAY ON A 4-DAY VISIT TO INDIA
A high-level Chinese delegation led by the Vice Minister, Ministry of Labour & Social Security, Mr. Li Qiyan is arriving in New Delhi on Sunday on a four-day official visit to India. The delegation will call on the Labour Minister Dr. Satyanarayan Jatiya to exchange views on various labour issues of bi-lateral and international importance on October 23,2000 (Monday). The Minister of State for Labour Shri Muni Lall will be present during the meeting. The six member delegation will also hold talks with the Union Labour Secretary Shri Vinod Vaish and Bureau Heads in the Ministry of Labour.
The delegation, during its stay in the capital, would hold a meeting with the captains of industry and Central Trade Union Organisations at the Confederation of India Industries, CII. It will also visit the Employees Provident Fund Organisation to know the working of various social security schemes for workers in public and private sectors. It will visit a leather unit at Agra in Uttar Pradesh and Research & Development unit of a major Indian pharmaceutical company at Gurgaon in Haryana.
The visit of Chinese delegation comes close on heels of the Labour Minister, Dr. Jatiyas visit to China last month. India and China signed an agreement on bilateral cooperation in employment services, vocational training and social security issues in Beijing during Dr. Jatiyas visit. Under the agreement the two countries will exchange information and knowledge on social security and employment generation and jointly organise training programmes. The two countries will also be sharing each others experiences on emerging labour issues due to economic reforms.