Idukki in Kerala Becomes the First District of India with Complete Rural Broadband Coverage



Idukki in Kerala Becomes the First District of India with Complete Rural Broadband Coverage 


Hon’ble Minister for Communications and IT Shri Ravi Shankar Prasad today commissioned the first high speed rural broadband of India at the Idukki district in Kerala. The Hon’ble Chief Minister of Kerala Shri Oommen Chandy, Hon’ble Minister for Industry and IT, Govt. of Kerala Shri P. K. Kunhalikutty and Secretary Telecom Shri Rakesh Garg were present on this occasion. 

With the commissioning of the NOFN network, Idukki district of Kerala has become the first in India to be connected with high speed rural broadband. Currently the District has a total of 8 Block Offices & 53 Gram Panchayats of which 8 Block Offices & 52 Gram Panchayats have been connected on Optical Fibre and one Gram Panchayat, namely Edamalakudy, is connected through VSAT. Edamalakudy, is a Tribal Gram Panchayat consisting of 26 Tribal villages with a population of around 2200. It is remotely located around 18 Kms from Pettimudi which is last point one can go in a vehicle. BSNL has made exceptional efforts in connecting this Gram Panchayat and now Broadband Internet as well as Mobile services are available over here. For the first time the villages under this Panchayat would be connected through Mobile phones and internet. 

The establishment of NOFN would open up new avenues for Access service providers such as Telecom Service Providers, Internet Service Providers, and Cable TV operators, Content Providers etc. to launch next generation services and spur creation of local employment opportunities in a big way. 

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Prakash Javdekar Announces “Water Literacy Mission” for Water Conservation” 

Union Minister of Environment Mr. Prakash Javdekar today announced that Government is going to launch “Water Literacy Mission” to ensure Water Conservation. Speaking on “Water Security, Climate Change and Sustainable Development” in a seminar at Vibrant Gujarat Global Investor’s Summit at Mahatma Mandir, Gandhinagar today, he said that public awareness is most needed for water conservation and for protection of natural resources. He added that no act or law could ensure this target if not taken up by people as a mass movement. 

He said that rejuvenation of Ganga is a step ahead towards cleanliness and added that we should emphasize on pollution free rivers in addition to expand concept of linking of rivers. He advocated linking of paralleled rivers Godavari and Krishna of South India too. 

Mr. Javdekar assured to take decision on schemes regarding providing water to areas in draught prone areas in which farmers are inspired for suicide. These schemes will be low-cost, eco friendly and long-termed, he added. Minister of Denmark, Mr. Morgen Jension and Minister of Gujarat Shri Vijay Rupani also spoke on the occasion. Experts like Prof. Asit Kumar Biswas and Mr. Bundi Lohani participated in the penal discussion. 

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Centre taking Major steps to Improve Investment Climate in the Country 

Speaking at the Seminar “Invest in India Summit 2015 – Financing for Future Growth”, held on the sidelines of Vibrant Gujarat, in Gandhinagar today, Minister for Finance and Corporate Affairs, Shri Arun Jaitely said that this Government has taken major steps to improve the investment climate in the last several months and will continue to do so. The minister pointed out that investment climate had changed for the positive, to begin with, because there is a dynamic and decisive Prime Minister at the helm of affairs. He said that today there was credible governance and effective decision making. As a reminder to the people, he said that, the Government must come out of traditional mind sets of pro-business or pro-poor and focus on comprehensive development. He also said that the government’s direction must be clear and the pace in that direction must be quick. 

Speaking to a largely corporate audience, Shri Arun Jaitely said that the country needs investments, as it has a long distance to go especially in developing some of the eastern and north east states. He briefly touched upon the areas in which the government has taken positive steps to improve the investment climate, such as opening of Insurance and defence sector for foreign investments. He said that if India could buy defence equipment from foreign countries than why not permit investment and participation in manufacture of those goods in the country itself. He said that the government plan to build 100 smart cities had created scope for foreign investment. Investment in railways too has been allowed by this government. 

The Minister said that the Government has taken steps to rectify some flaws in the tax regime which was responsible for keeping investment away. Many complications in Company Law are also being done away with and process is being simplified to avoid veto by minority. He pointed out that the previous government had taken populist measures with regard to land in order to gain votes. This disrupted the investment climate resulting in slow down in development. His government’s Land Acquisition Ordinance has sought to rectify those ills. This will give a boost to rural electrification and rural roads. Creation of industrial corridors will help all including rural areas. The coal ordinance too will help provide cheap coal and hence cheap power to the people. The Minister added that the planning commission has been replaced by a policy commission which would be more democratic and engage states in the planning process. 

The Finance Minister said that in the near future, GST could become a reality and further improve the investment climate. Tourism would gain by e-visas and 24 hour custom services at Airports and Seaports will smoothen trading activity. He said that banks would be given more independence in management In conclusion, he said that India must stand in the first row for investment after learning from its recent mistakes. 

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Memorandum of Understanding Signed Between Central Pulp & Paper Research Institute (CPPRI) and Security Printing and Minting Corporation of India Ltd (SPMCIL) for Undertaking Research and Development Activities and Dissemination of Knowledge and Research Training in Area of Pulp & Currency Paper. 

Security Printing and Minting Corporation of India Ltd. (SPMCIL), a Miniratna Category-I CPSE, and wholly owned Schedule ‘A’ Company of Government of India, entered into a Memorandum of Understanding (MOU) here with Central Pulp & Paper Research Institute (CPPRI), a national level institute under the administrative control of Department of Industrial Policy & Promotion, Ministry of Industry, Government of India. 

This MOU affirms commitment of SPMCIL and CPPRI for undertaking Research and Development Activities and dissemination of knowledge and research training in area of pulp and currency paper. 

This collaboration shall lay fruitful foundation for SPMCIL to foray into basic Research and Development in area of bank note paper testing; continuous process improvement for paper manufacturing process and search for new raw materials for bank note paper substrate. 

This MoU will facilitate cooperative initiatives in the area of basic research to increase awareness and information sharing amongst key stakeholders through joint research; workshops and seminars; and regional and international forums. 

The ceremony was organized in the presence of Shri M.S. Rana, Chairman & Managing Director, SPMCIL and Sh. P.N. Radkar, Director (Technical), SPMCIL. 

The MoU was signed by Shri Rakesh Kumar, Additional General Manager (Technical Operations), Shri Sanjai Maheshwari, Additional General Manager (Finance) from SPMCIL and Shri R.K. Jain, Scientist-F & Head, Shri Suresh Panwar, Scientist-F & Head from CPPRI. Other attendees included Shri Siddharth Kumar Singh, Shri Kapil Kumar (from SPMCIL) & Shri Kawaljeet Singh (from CPPRI) among others. 

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Repayment at Par of 7.61% Oil Marketing Company’s Government of India Special Bonds, 2015 on March 07, 2015 and 7.59% Oil Marketing Company’s Government of India Special Bonds, 2015 on March 23, 2015. Respectively 

                      The outstanding balance of 7.61% Oil Marketing Co’s Government of India Special Bonds, 2015 and 7.59% Oil Marketing Co’s Government of India Special Bonds, 2015 are repayable at par on March 07, 2015 and March 23, 2015 respectively.  No interest will accrue there on from the said dates. In the event of a holiday being declared on 
March 07, 2015 and / or March 23, 2015 by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the previous working day.
                                As per sub-regulations 24(2) and 24(3) of Government Securities Regulations, 2007 payment of maturity proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate shall be made by a pay order incorporating the relevant particulars of his bank account or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means. For the purpose of making payment in respect of the securities, the original subscriber or the subsequent holders of such Government Securities, shall submit the relevant particulars of their bank account well in advance.
                                                  However, in the absence of relevant particulars of bank account / mandate for receipt of funds through electronic means, to facilitate repayment of the Loan on the due date, holders may tender the securities, duly discharged, at the Public Debt Offices, Treasuries / Sub-Treasuries and branches of State Bank of India and its Associate Banks (at which they are enfaced / registered for payment of interest) 20 days in advance of the due date for repayment.
                                  Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.
Government of India, Ministry of Finance, Department of Economic Affairs

Budget Division, North Block, New Delhi-110001

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Auction for Sale (Re-Issue) of Government Stocks 


The Government of India have announced the Sale (re-issue) of (i) “8.08 per cent Government Stock 2022” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, 
(ii) “8.15 per cent Government Stock 2026” for a notified amount of Rs. 6,000 crore (nominal) through price based auction, (iii) “8.24 per cent Government Stock  2033” for a notified amount of Rs.2,000 crore (nominal) through price based auction,  and (iv) “8.17 per cent Government Stock 2044” for a notified amount of Rs.3,000 crore (nominal) through 
price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on January 16, 2015 (Friday).
                Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
                      Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on 
January 16, 2015. The non-competitive bids should be submitted between 10.30 a.m. and 
11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. 
and 12.00 noon.   
                     The result of the auctions will be announced on January 16, 2015 and payment by successful bidders will be on January 19, 2015 (Monday).   
                                     The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India (RBI) vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.

Government of India, Ministry of Finance, Department of Economic Affairs

Budget Division, North Block, New Delhi-110001

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Idukki in Kerala Becomes the First District of India with Complete Rural Broadband Coverage Idukki in Kerala Becomes the First District of India with Complete Rural Broadband Coverage Reviewed by Ajit Kumar on 4:31 PM Rating: 5

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