Minister Discusses Civil Aviation Issues with Industry Representatives



Minister Discusses Civil Aviation Issues with Industry Representatives

Union Minister of Civil Aviation, Shri P. Ashok Gajapathi Raju discussed issues pertaining to civil aviation with the representatives of the civil aviation industry in a pre-budget interaction meet here today. In his keynote address, the Minister stated that air travel has a multiplying effect on economy and, therefore, decisions should be made to allow civil aviation sector to grow to its full potential. The different wings of the Government would come together to find solutions for the problems faced by the industry today, he assured. He said the deliberations and suggestions made during the interaction would help his Ministry identify challenges posed to the growth of civil aviation sector and , at the same time, find ways to address those challenges.


During the interaction, issues regarding updation of standards for security equipment, establishment of a “green” channel for MRO equipment and allocation of appropriate funds for air navigation facilities were discussed among other subjects. The industry made several suggestions for the promotion of MRO sector including removal of service tax, reducing VAT on MRO activities, ten-year tax holiday, abolition of central excise duty on MRO component etc. If these measures are taken, it was represented, there would be creation of one lakh jobs with more than a billion dollar revenues to the country on account of MRO activities. The stakeholders also requested to treat ATF as a “declared goods” so that VAT on ATF could be reduced to 4%. This would make airlines more viable as ATF constitutes more than 45% of the cost. The airlines representatives requested that airlines should be given the infrastructure status to enable access to funds with lower rate of interest through external commercial borrowings. The industry stockholders also made suggestions with regard to dedicated air cargo stations and general aviation as a necessary force-multiplier.

The meet was attended by the representatives of FICCI, AMCHAM, US- India Aviation Cooperation Program, FAA and other organisations. Secretary, Ministry of Civil Aviation, Shri V. Somasundaran also addressed the participants.

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Opening of Technical Bids for Auction of Schedule II Coal Mines

The Tender Process for the Scheduled II 23 coal mines was started on December 27, 2014 with the release of Tender Documents. As a part of auction process, Technical Bids, both online bids and offline supporting documents were opened today from 2:00 PM onwards here today in the presence of Bidders.

In the first stage of the tender process, bidders submitted their technical bids on MSTC portal created for the purpose. Bidders were also required to submit separately a sealed envelope containing bank guarantee, power of attorney and the affidavit. The cut-off date for submission of technical bids was 12:00 noon, February 03, 2015.

The electronic bids were decrypted and opened electronically in the presence of bidders. Entire process was displayed on the screen for the bidders. Subsequently, sealed envelopes containing bank guarantee, power of attorney and affidavit were also opened in the presence of bidders. These bids will be evaluated by a multi-disciplinary Technical Evaluation Committee to shortlist bidders for participation in the electronic auction to be conducted on MSTC portal from February 14, 2015.

Annexure: Number of Bids

S.N.
Coal Mine
Number of Bids
1
Amelia (North)
11
2
Gare Palma IV/2 & IV/3*
11
3
Sarisatolli
6
4
Talabira-I
6
5
Tokisud North
12
6
Trans Damodar
8
7
Gare Palma IV/7
16
8
Kathautia
9
9
Parbatpur – Central
1
10
Marki Mangali-I
4
11
Marki Mangali-III
5
12
Ardhagram
7
13
Belgaon
6
14
Bicharpur
12
15
Chotia
11
16
Gare Palma IV/1
11
17
Gare Palma IV/4
12
18
Gare Palma IV/5
9
19
Gotitoria- (East) & (West)*
8
20
Mandla North
7
21
Sial Ghoghri
4
























































*Two mines are combined for the purpose of these auctions

Note: the list is indicative. Physical verification of supporting documents against each bid is still being carried out. The final List of mine-wise Bidder be published on MSTC’s website.

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DGFT operationalises online filing of IEC applications, online processing and issue of e-IECs in digital format

Directorate General of Foreign Trade has started operationalising online filing of Importer Exporter Code (IEC) applications, online processing and issue of e-IECs in digital format. Now new entrepreneurs/exporters/importers can apply online for issue of new IEC from the comfort of their home/IT Kiosk with no more visits to the Regional Authority`s office required, and upload the documents and pay the required fee through Net banking.

Even the processing of such applications by Regional Authority of DGFT would be done online (no paper work in the office; less storage space required and no misplaced documents) and the digitally signed e-IEC (no more IECs in physical form) would be issued/emailed to the applicants within two working days.

In case the application is incomplete or otherwise ineligible, the same shall be rejected and an auto generated Rejection letter/email (with reasons for rejection) would be sent to the applicant - within two working days only. There would not be any `Deficiencies letters` now (no more discretion at the level of RAs and consequent elimination of possible delays and corruption).

Efforts are underway to allow/enable payment of fee through Debit/Credit cards, which would further facilitate this process. Once implemented the Online system would be made mandatory. However, till such time payment through Debit/Credit cards is enabled, the existing offline/manual system has also been allowed side by side, in order to facilitate those applicants who do not have Net banking facility.

Efforts are also underway for message exchange/integration of our system with Income Tax department and Ministry of Corporate Affair for verification of PAN and DIN/CIN details respectively. Once implemented, this would further reduce the processing time of e-IEC applications at RA level (possibly one day only).

This is an important and path breaking initiative by Department of Commerce/DGFT towards "Digital India" vision of Prime Minister of India and "Ease of Doing Business".


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Air Marshal S Neelakantan takes Over as HR Head of Indian Air Force (IAF)

Air Marshal S Neelakantan YSM, VM, took over as Air Officer in charge Personnel (AOP) at Air Headquarter (Vayu Bhawan) on 02 Feb 15. He was commissioned as a fighter pilot in the Indian Air Force in Dec 1977. He is an alumnus of National Defence Academy and Defence Services Staff College, Wellington & TACDE, AF.

He is a qualified flying instructor who has flown over 3100hrs on various types of Aircrafts. He has commanded a frontline fighter squadron and two flying bases. He led the Indian Air Force contingent in Congo as part of UN peace keeping mission in 2006-07. He has held various staff and instructional appointments. He was Director General of Inspection & Safety before taking over as AOP.

He is decorated with the presidential awards Yudh Sewa Medal (YSM) and Vayu Sena Medal (VM).

He is married to Mrs Uma Neelakantan and blessed with a daughter & son. He is a keen sportsman and plays Golf, Cricket & Badminton. He is a qualified open water scuba diver. His hobbies are cooking and sketching.


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India committed to issues on Climate Change - Shri Prakash Javadekar
The Minister for Environment, Forests and Climate Change, Shri Prakash Javadekar has said that Government’s initiatives, efforts, and action plans to pursue the clean and renewable energy path had put India in a leadership position in dealing with climate change issues. India’s Solar Energy programme which aims to generate 1 lakh MW Electricity by 2020, and other initiatives on wind energy deployment, water conservation, and protecting coastlines and Himalayan Ecosystem, reflected Government’s commitment towards environment protection and sustainable development. The Minister stated this while delivering the Keynote Address at the Conference on ‘Negotiating the Climate Cliff: India’s Climate Policy and Intended Nationally Determined Contributions (INDCs)’ organized by Council on Energy, Environment & Water (CEEW), a think-tank on environment issues, here today.

Regarding the ‘Intended Nationally Determined Contributions’ that India has to submit before the Paris Climate Conference 2015, Shri Javadekar said that various modalities and frameworks for developing India’s INDCs were being worked out. The Government would take into account the issues of accessibility of key technologies and financial mechanisms that support Climate Change initiatives, the Minister added. The Minister also reiterated the need to balance the efforts towards environment protection and sustainable development.

The Conference aims at initiating discussions on India’s Climate strategy prior to and post Paris 2015. A range of issues around nuclear energy, energy efficiency, low-carbon transportation choices, Hydroflurocarbons (HFCs), and Carbon Capture and Storage all of which have critical relevance in India’s Climate policy were being deliberated upon. The Conference also intends to discuss strategies and frameworks that would support India’s position in the Climate Change discourse in Paris 2015.

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Auction for Sale of Government Stocks

 


                                  The Government of India have announced the Sale (re-issue) of (i) “8.27 per cent Government Stock 2020” for a notified amount of Rs. 2,000 crore (nominal) through price based auction, (ii) “8.15 per cent Government Stock 2026” for a notified amount of Rs.5,000 crore (nominal) through price based auction, (iii) “8.24 per cent Government Stock  2033” for a notified amount of Rs. 3,000 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 pricemethod. The auctions will be conducted by the Reserve Bank of India(RBI), Mumbai Office, Fort, Mumbai on February 06, 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 February 06, 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 February 06, 2015 and payment by successful bidders will be on February 09, 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.

Minister Discusses Civil Aviation Issues with Industry Representatives Minister Discusses Civil Aviation Issues with Industry Representatives Reviewed by Ajit Kumar on 8:09 PM Rating: 5

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