The duration of the scholarship will be for 4-6 years, which if need be may be extended by one year, for language and professional preparation. The age of candidates applying should not be above 35 years (as on 16 August, ’99) and the candidates must have a minimum of 60% marks at Graduate & Masters level for post-graduate and doctoral studies respectively.
 
 
 

Control Room No:
 

    Initial unconfirmed reports indicated bomb explosion as the probable cause of the accident .
 
 
 

    It is observed that 76 per cent of these companies belong to "Processing and Manufacturing" sector i.e. Section 2,3 or 4 of NIC-1987 and 10 per cent to "Finance, Insurance, Real Estate & Business Services i.e. section 8 of NIC-1987.

    This study is based on Balance Sheets & Profit and Loss Acounts for year 1996-97 for 138 companies. Some of the observations based on the table are as under :

    The total paid-up capital of all the 138 companies is around Rs.1674 crores out of which around Rs.1012 crores i.e. 60 per cent is the capital paid-up by holding companies.

    The total assets of all the companies is of the order of Rs.16767 crores and the turnover Rs.23739 crores. It is observed that there are 5 companies for which turnover is zero. These companies are Dr. Willmar Schwabe India (P) Ltd. (04/03/94), Anglian Water International (P) Ltd. (02/09/96), Cleveland Construction Co. (P) Ltd. (21/10/57), Civic street Nominees (P) Ltd. (17/4/35) and R.K.O. Radio Pictures (P) Ltd. (09/1/42). The dates in bracket are the dates of their incorporation.

    76 per cent of such subsidiary companies belong to the Manufacturing sector i.e. section 2,3 & 4 of NIC-1987. These companies contribute around 91 per cent of total Paid-up capital and 93 per cent of total assets of all the companies.

    The total paid-up capital of companies which are manufacturing sector is around Rs.1517 crores, out of which around Rs.902 crores i.e. 59 per cent is the paid-up capital of holding companies.

    96 per cent of the total turnover pertains to companies in the Manufacturing sector.

    Around 10 per cent of subsidiary companies is engaged in Finance, Insurance , Real Estate and Business Services activities.

    The contribution of these 10 per cent companies to the total paid-up capital is only around 4 per cent and in the total assets nearly 3 per cent.

    There are 105 companies which have posted profit in their accounts as against 29 companies which have made losses during the year. For 4 companies however, the profit before taxes is zero .

    The total profit before tax for 105 companies is of the order of Rs.2042 crores while the total losses of 29 companies is around Rs.195 crores.

    For 95 companies for which Profit & Loss accounts for 1995-96 and 1996-97 are available, the study indicates that the turnover has increased from Rs.16113 crores to Rs.20949 crores in one year, i.e. an increase of over 30 per cent in nominal terms.

    The total paid-up capital of these 94 companies has increased from Rs.1232 crores to Rs.1312 crores i.e. around 6.5 per cent while the total assets have increased from Rs.12072 crores to Rs.14203 crores i.e. an increase of over 17 per cent in nominal terms.

    A foreign company is one which is incorporated outside India. Section 4 of the Companies Act, 1956, stipulates that a company (A) shall be deemed to be subsidiary of another (B) provided (a) the latter controls the composition of its (A) Board of Directors ; or (b) (I) exercises or controls more than half of the total voting power of such a company in case it was incorporated under any Act prior to 1956 when the present Companies Act came into being ; (ii) holds more than half in the nominal value of its equity share capital if it is any other company ; or (c) the first mentioned company (A) is a subsidiary of any other company (C) which itself is a subsidiary of the company (B).
 
 

    In this context, the Commission had asked for a full and comprehensive report with details of the case and the current status from the Cabinet Secretary to the Government of India.

    It is clear that the matter involves major policy issues, and has obviously led to various inter ministerial consultations, and cabinet level discussions. The Commission is surprised and has noted with regret that the Government of India has sent a response which does not give the full picture of the case and vital questions have been left unaddressed. The material provided does not assist the Commission adequately.

    The Commission has further noted that the matter is now before a Bench of the High Court of Delhi, headed by the Chief Justice which is actively seized of the matter. The Commission has also noted the comments, observations and allegations as well as rebuttals by different political parties. The Commission is deeply concerned with the implications of changes in policies during the period when the country is in the election made and is aware of the fact that there are possibilities of such changes vitiating the level playing field in the electoral arena.

    Taking into account the background of the case and the fact that it is now engaging the attention of the High Court of Delhi, the Commission hopes that all aspects of the case will be taken into account. The Commission anticipates that not only the matter relating to the financial aspect of the case will be looked into but the urgency of the matter, in the context of imminent general elections in the country will be fully gone into.

    The Commission, in view of the matter lying before the High Court, does not wish, at this stage, to make any further comment on the matter.
 
 
 

    The affected coaches of Awadh-Assam Express include its engine, one passenger-cum-guard-cum-luggage coach, three sleeper class coaches, one first class coach and one AC three-tier coach, while the affected coaches of the Brahmaputra Mail include its engine, one passenger-cum-guard-cum-luggage coach, three ordinary second class coaches and three sleeper class coaches. The drivers and Assistant Drivers of both the trains are among those killed in the accident. Accident Relief Medical Van and a team of doctors are constantly attending to the victims at the accident site. Senior railway officials are supervising the relief and rescue operations. Minister of Railways Shri Nitish Kumar and Chairman, Railway Board, Shri V.K. Agarwal are on their way to the accident site. The injured have been admitted in the Kishan Ganj Medical Hospital, Kishan Ganj Civil Hospital and BSF Camp, Panjipara and NJP Hospital, New Jalpaiguri. Enquiry booths have been set up at several places to give information to the public pertaining to the accident. The telephone Nos. of these booths are :

Gorakhpur     201135,     203149     Muzzafarpur 266771,    266772     N.Delhi     - 3340449

Samastipur     22513,       20846       Barauni         32222,      32130       Delhi         - 3767332

Chhapra         26300,       22594        Patna            234768                      Nizammudin - 4619748

Malda             66387                         Guwahati      524296,     540390,     524295,     520560,     523683,

Kishanganj     06456 - 22644                                 527837,     541799
 
 

    Inaugurating the 29^th Annual Day celebrations of Central ground water board, here today the minister said that the recharging of ground water level as well as proper water harvesting in urban and rural areas is the need of the hour. He said that the total area of irrigated cultivable land is of the order of 90 Million Hectares, which was about 22 Million Hectares only, in the year 1947. This increased irrigation capacity has resulted in record food production in the country to over 200 Million Tonnes in the current year. This was at 51 Million Tonnes in the year 1947.

    The Minister released the five special reports compiled by the Central Ground water Board, viz. 1) Ground Water Development Prospects in Tribal Areas of India. 2) Profile – Central Ground Water Board. 3) High Flouride Ground Water in India –Occurrences, Genesis and Remedies. 4) High incidence of arsenic in Ground Water in West Bengal and 5) Tracing of the origin and route of the Mythological River Saraswati

    In his Presidential address, Secretary to the Ministry of Water Resources Shri. Z.Hasan, said that the depletion and pollution of ground water is a matter of great concern. The Secretary also called upon the Central Ground Water Board to go in for an immediate action plan to overcome the problem of water logging and to contain the ground water pollution. He disclosed that 4000 Billion cubic meter water is available annually in the country, out of which 10% is Ground Water and 40% is the Surface Water.

    Dr. D.K. Chaddha, Chairman Central Ground Water Board said that 70% of the rural people depend on Ground Water. Depletion of Ground water level is due to the increasing urbanization. In Delhi alone, over one lakh tube wells have been registered.