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    News
    All› News and Press Release › News and Press Release - 2015
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    December 30, 2015
    A Big Boost for Solar Rooftops in India
    Show AI Summary
    Solar rooftop subsidy policy expands support for residential and institutional installations, excluding commercial and industrial subsidies.
    The government approved a scaled-up budgetary allocation under the National Solar Mission to promote grid connected rooftop solar systems, targeting 4,200 MW over five years in residential, government, social and institutional sectors. The policy provides capital subsidies of 30% in general category States/UTs and 70% in special category States/territories, excludes subsidies for private commercial and industrial establishments, and relies on regulatory measures like net metering to catalyse market uptake toward national rooftop and overall Mission targets.
    December 30, 2015
    Agreement between India and Maldives for the exchange of information with respect to taxes
    Show AI Summary
    Exchange of tax information to strengthen bilateral cooperation across borders and curb tax evasion and avoidance.
    A bilateral agreement establishes a framework for the exchange of information concerning taxation to enable competent authorities to obtain and share taxpayer-related data necessary to detect, deter and address tax evasion and tax avoidance, thereby strengthening cross-border tax compliance and administrative cooperation.
    December 30, 2015
    THE NEGOTIABLE INSTRUMENTS (AMENDMENT) ACT, 2015 NO. 26 OF 2015
    Show AI Summary
    Jurisdiction for cheque dishonour prosecutions tied to the bank branch location; subsequent complaints must be filed in the same court.
    The Act defines cheque in the electronic form with reference to the Information Technology Act, recognising digital and electronic signatures and asymmetric crypto systems, and amends territorial jurisdiction for prosecutions under section 138 to the court where the relevant bank branch is situated. It validates transfers and consolidation of pending cases effected under the Ordinance and requires subsequent complaints against the same drawer to be filed before the same court, while preserving actions taken under the repealed Ordinance.
    December 28, 2015
    Over 53 crore beneficiaries being allocated wheat at ₹ 2 /kg and rice at ₹ 3 /kg under National Food Security Act
    Show AI Summary
    Subsidised foodgrain entitlement under NFSA expands coverage and mandates digitised delivery with DBT and PoS safeguards.
    The National Food Security Act expands subsidised foodgrain entitlements and prescribes nutritional benefits while preserving State allocation protections; it couples entitlement expansion with Central assistance for intra State handling and dealer margins. Implementation emphasises end to end computerisation-digitised beneficiary databases, online allocation and grievance systems-and two delivery modes: Direct Benefit Transfer of subsidy and electronic Point of Sale distribution to authenticate beneficiaries and record supplies, supported by technical and financial assistance to States/UTs.
    December 28, 2015
    Relaxation of guidelines for selection of customers for domestic gas available from small isolated fields
    Show AI Summary
    Off-take period extension for North East gas customers permits a longer lead time to commence utilization from small fields.
    For small and isolated fields located in the North East Region, the Government has relaxed the requirement in para 3(x) by extending the maximum permitted off-take lead time from the date of readiness to one year, adjusting the selection criteria used by National Oil Companies when allocating gas from such fields to allow a longer period for customers to commence utilization.
    December 28, 2015
    Bharat Petroleum’s New Crude Distillation unit in Mumbai dedicated to the Nation
    Show AI Summary
    Environmental compliance leads refinery upgrade with lower emissions and enhanced safety, enabling modernization and capacity expansion.
    Dedication of a new Crude Distillation Unit replaces older units to increase throughput and distillate yield while lowering energy consumption through tighter heat integration, producing substantial fuel-use savings and reduced sulphur dioxide emissions to meet cleaner refining objectives. The unit incorporates modern safety features-blast proof control room and closed drainage-and fewer equipments to improve intrinsic safety, turnaround management and maintenance. Government officials announced plans and facilitation commitments for a proposed new refinery, indicating public support for capacity expansion and associated site and infrastructure facilitation.
    December 28, 2015
    Petroleum Minister meets the Chief Minister of Maharashtra to discuss issues concerning the oil and gas sector
    Show AI Summary
    Infrastructure support for oil and gas development: state commitment sought to enable a new public sector refinery and related facilities.
    Proposal for a new public sector refinery in Maharashtra seeks state facilitation for Oil Marketing Companies and city gas development entities, including administrative support and land provision, as a supplement to existing refinery capacity and in response to rising regional petroleum product demand; the Chief Minister indicated willingness to consider and expedite such proposals and extend required support.
    December 28, 2015
    COMMITTEE ON REVISITING AND REVITALISING PUBLIC PRIVATE PARTNERSHIP MODEL OF INFRASTRUCTURE
    Show AI Summary
    Public private partnerships: rebalance risk, mandate renegotiation benchmarks, and establish a two-tier review and adjudication mechanism.
    Rebalance PPP risk allocation by assigning each risk to the entity best able to manage it; adopt sector- and project-specific revisions to Model Concession Agreements with ex-ante renegotiation benchmarks; protect private parties from obsolescing bargains via contract safeguards and independent regulators; create a statutory two-tier mechanism (IPRC and IPAT) to assess and remedy actionable stress in PPP projects with time-bound recommendations and final orders; establish a national PPP policy and a 3P-I centre of excellence to build capacity, improve governance, and mobilize long-term finance including instruments to attract pension and institutional funds.
    December 28, 2015
    Appointment of Digital Amplification & Social Analytics agency for 'Start-up India, Stand-up India' for Department of Industrial Policy and Promotion
    Show AI Summary
    Combined quality cost selection for a public digital marketing procurement sets eligibility, evaluation and security requirements.
    DIPP issued an RFQ cum RFP for a Digital Amplification & Social Analytics Agency for Start up India, using a Combined Quality cum Cost selection process. Applicants must meet prescribed pre qualification criteria, submit an Earnest Money Deposit and follow specified technical and financial submission formats. Technical scoring across strategy, track record, monitoring design, team and innovation determines shortlist; financial scores are calculated relative to the lowest bid and combined with technical marks to select the Successful Applicant. The scope covers multi year digital strategy, paid and non paid amplification, influencer outreach, social monitoring, website and mobile development, with performance security, confidentiality, anti fraud, termination, indemnity and payment linked to deliverables.
    December 23, 2015
    Slowdown in Core Sector Growth
    Show AI Summary
    Core sector slowdown: government outlines policy and infrastructure measures to revive coal, steel, cement and electricity growth.
    Slowdown in growth of Coal, Steel, Cement and Electricity in October 2015 resulted from operational and structural issues: Crude Oil and Natural Gas decline due to ageing fields, water/sand ingress and environmental problems; Refinery Products fell after unit shutdowns; Steel output decreased amid modernization works, weaker domestic consumption and higher imports. The Government proposes policy and procedural measures to improve infrastructure and ensure availability of required inputs to raise growth in these industries.
    December 23, 2015
    Policy Intiative Development of Industrial / Economic
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    Integrated industrial corridors policy advances master planning for designated nodes while institutional authority remains unconstituted.
    The Government adopted a strategy to develop integrated industrial/economic corridors with State Governments. Five corridors are identified with specified nodes: DMIC along the Western Dedicated Freight Corridor with initial nodes across six states; CBIC with master planning completed for Ponneri, Tumkur and Krishnapatnam; BMEC identifying Dharwad; VCIC identifying Visakhapatnam and Srikalahasti-Yerpedu; and AKIC with a completed feasibility inception report. The National Industrial Corridor Development Authority has not been constituted.
    December 23, 2015
    Investment of ₹ 5,000 crore by ONGC Limited in the equity of its wholly-owned subsidiary, ONGC Videsh Limited
    Show AI Summary
    Equity conversion strengthens subsidiary capital and boosts parent company capacity for overseas exploration and production.
    Approval authorises a conversion of an intercompany loan into equity whereby the parent company will invest in the share capital of its wholly owned subsidiary to strengthen the subsidiary's capital base and enhance the parent's capacity to undertake overseas exploration and production activities.
    December 22, 2015
    Union Government’s Annual Accounts for 2014-15 along with the Audit Report of CAG presented in Parliament; An Analytical Report titled ‘Accounts at a Glance 2014-15’ giving a macro level overview of the financial position of the Government also circulated among the Members of the Parliament
    Show AI Summary
    Presentation of Union Annual Accounts with audit report and analytical overview enhances consolidated financial transparency.
    Presentation of the Union Government's Annual Financial Statements for 2014-15 was accompanied by the statutory audit report and an analytical 'Accounts at a Glance' overview. The Finance Accounts detail receipts and expenditure from the Consolidated Fund, public debt, liabilities and assets. The Appropriation Accounts (Civil) report actual expenditure by Ministries/Departments against Parliament-voted appropriations, facilitating comparison between allocations and outturn.
    December 21, 2015
    Investment by Indian Companies in United States
    Show AI Summary
    Foreign direct investment flows: Indian tech industry contributes to US economy through investment, tax payments and job support.
    Indian technology sector investment in the United States during the early 2010s was reported to include substantial investment flows, sizable tax payments, and support for a large number of direct and indirect jobs, as cited from a NASSCOM report and summarized in a written parliamentary reply by the Minister of State (Independent Charge) for Commerce & Industry.
    December 18, 2015
    New Initiatives of MSME Ministry
    Show AI Summary
    Udyog Aadhaar Memorandum streamlines MSME registration with instant UAN issuance and online self certification to improve ease of doing business.
    The Ministry notified the Udyog Aadhaar Memorandum under the MSME Development Act, 2006 as a one page online self certified registration replacing prior Entrepreneurs' Memorandum filings and issuing a unique Udyog Aadhaar Number, with offline filing available in exceptional cases; concurrently a Framework for Revival and Rehabilitation of MSMEs was notified to identify incipient stress, establish committees, prescribe corrective action plans and restructuring processes, asset classification norms, and mechanisms to identify willful defaulters, while complementary schemes support entrepreneurship, clusters, lean manufacturing, credit guarantee and capital subsidy for technology upgradation.
    December 18, 2015
    Amendment of Trade Marks Rules, 2002 - Extension of time limit for receiving suggestions
    Show AI Summary
    Extension of consultation period for proposed Trade Marks Rules amendments allows further consideration and late submissions to DIPP.
    The consultation period for proposed amendments to the Trade Marks Rules, 2002 has been extended for a further fifteen days from 17 December, 2015; objections or suggestions are to be submitted to the Secretary, Ministry of Commerce and Industry (Department of Industrial Policy and Promotion), at Udyog Bhawan, New Delhi or by the designated e mail by the revised deadline.
    December 17, 2015
    Process for Obtaining Industrial Output Data
    Show AI Summary
    Statutory basis for industrial statistics: survey and administrative data combined, validated and authenticated before finalisation.
    Industrial output measurement relies on two mechanisms: the Annual Survey of Industries, conducted on a statutory basis using factory books of account to estimate manufacturing contribution to national income, and the Index of Industrial Production, compiled monthly from administrative data supplied by multiple ministries; both data streams undergo scrutiny, validation and authentication by source agencies and line ministries before finalisation, with quality and methodology reviewed periodically by expert groups and committees.
    December 17, 2015
    Finalization of National IPR Policy
    Show AI Summary
    Intellectual property policy promotes a holistic innovation ecosystem and aligns laws with predictable administrative mechanisms.
    Finalized National Intellectual Property Rights (IPR) Policy establishes an integrated framework to promote innovation and socio economic development while protecting public interest. It mandates stakeholder integration across government, R&D, academia, corporate entities, MSMEs and start ups, and requires complementing substantive IP laws with transparent, predictable administrative and procedural mechanisms and an informed adjudicatory structure. Comments from all concerned Ministries and Departments were examined and incorporated where appropriate.
    December 17, 2015
    Cumulative FDI Inflow
    Show AI Summary
    FDI distinguished from FII/FPI; separate reporting affirmed and portfolio flows excluded from FDI totals.
    Distinction between FDI and FII/FPI is affirmed: FII/FPI is a separate route and not a component of FDI. Annual FDI inflows for 2012-13, 2013-14 and 2014-15 are reported and aggregated to a cumulative total for 2012-15. The 2014-15 FII/FPI amount is identified separately, and the information is provided via a ministerial written reply and press release.
    December 17, 2015
    Model Text for the Indian Bilateral Investment Treaty
    Show AI Summary
    Investor State Dispute Settlement reform requires exhaustion of local remedies and limits tribunals to monetary compensation.
    The revised Model BIT replaces the earlier text for renegotiation and future treaties, defining investment by "enterprise", ensuring non discriminatory treatment and national treatment, protecting against expropriation, refining ISDS by requiring exhaustion of local remedies and limiting tribunals to monetary compensation, and excluding government procurement, taxation, subsidies, compulsory licensing and national security to preserve government regulatory authority.

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      News and Press Release

      Bharat Petroleum’s New Crude Distillation unit in Mumbai dedicated to the Nation

      December 28, 2015

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      Press Information Bureau

      Government of India

      Ministry of Petroleum & Natural Gas

      28-December-2015 14:33 IST

      The new state of the art Crude Distillation Unit (CDU) of Bharat Petroleum’s Mumbai Refinery was dedicated to the nation today by Shri Devendra Fadnavis, Chief Minister of Maharashtra and Shri Dharmendra Pradhan, Minister of State (I/C) for Petroleum and Natural Gas at the Mumbai Refinery. The unit with a capacity of 6.0 MMTPA at a cost of ₹ 1419 Crores is a replacement of old Crude and Vacuum units of the refinery. Also present on the occasion were Members of Parliament Shri Arvind Sawant, Shri Rahul Shewale, Shri Gopal Shetty and MLA from Chembur, Shri Prakash Phaterpekar.

      This Refinery of BPCL was commissioned in 1955 by Burmah Shell Refineries Ltd. with a capacity of 2.2 MMTPA. Post-nationalization in 1976, the refinery has progressively expanded through low cost revamps and adoption of new technologies. Currently, it has an installed capacity of 12.0 MMTPA with three Crude & Vacuum Distillation units with matching secondary processing and treatment facilities.

      The commissioning of this new CDU would ensure cleaner environment and efficient use of energy with lower emissions and reduction in energy consumption. The Sulphur dioxide emission from this new unit would be less than 10.5 mt/d – the lowest in the country amongst all the refineries. Tightly heat integrated with furnaces of higher efficiency, the reduction in energy consumption in terms of Liquid Fuel Equivalent (LFE) is expected to be about 30 % which results into estimated savings of ₹ 128 Crores per annum on fuel consumption.

      The integral part of this new CDU is its superior design and safety features. This has resulted in significantly lesser number of equipments as compared to older units and facilitates better turnaround management during shutdown and routine maintenance. The unit is designed with the latest safety features like blast-proof control room and closed drainage system, thus making it an efficient, intrinsically safe and sustainable unit, with higher distillate yield of 3% and thus contributing to higher Refining margins.

      Looking ahead, the stabilization of this unit would help in dismantling the old 1955 CDU units, thereby creating space for refinery modernization to meet future auto fuel norms and other profitability enhancing projects.

      Speaking on the occasion the Minister Shri Pradhan announced the plan of setting up of a new refinery in Maharashtra. Chief Minister, Maharashtra assured to provide land and other facilities for the proposed new Refinery.

      YKB/Rk

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