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November 26, 2012
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De-allocation of coal blocks for failure to meet development milestones reinforces allocatee obligations, bank guarantee requirements and monitoring mechanisms.
The Government de-allocated coal blocks after a Review Committee found lack of development progress; some blocks were surrendered for geo-mining difficulties. Allocatee companies bear sole responsibility to develop blocks per prescribed guidelines and milestone charts and must maintain a bank guarantee until peak production. The Coal Controller monitors milestones, periodic Review Meetings assess progress, and an Inter-Ministerial Group conducts reviews and recommends actions including de-allocation.
November 26, 2012
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Deduction of bank guarantees for non-compliant coal block allocatees after administrative review and hearings is being implemented.
An Inter-Ministerial Group was empowered to review coal block allocations and recommend administrative measures including deduction of Bank Guarantee, de-allocation, or imposition of BG after offering personal hearings; its recommendations for private allocatees have been accepted by the Competent Authority and acted upon, while recommendations for PSUs remain under Government consideration.
November 26, 2012
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Hank yarn obligation requires domestic cotton yarn mills to comply with packing and reporting; inspections prompted FIRs but no convictions.
Spinning and composite mills selling 100% cotton yarn domestically must comply with the Hank yarn obligation under Textile Commissioner Notification No.2/TDRO/8/2003, as amended, requiring packing and statutory quarterly Hank yarn packing returns. Regional Offices conduct surprise inspections to verify packing and returns and have filed FIRs under the Essential Commodities Act against non complying units; inspections and FIRs are reported across states while convictions during the reported period are nil.
November 26, 2012
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Textile worker welfare schemes provide rehabilitation, subsidised group insurance, health cover, life insurance and skill development benefits.
Central government welfare measures for textile workers include the Textile Workers Rehabilitation Fund Scheme for workers unemployed due to permanent unit closures; a subsidised Group Insurance Scheme for powerloom workers providing death, disability and educational benefits with government and insurer premium contributions; Health Insurance and Mahatma Gandhi Bunkar Bima Yojana delivering family health cover, OPD provision, life and disability insurance and child scholarships for handloom workers; a women-focused sericulture health insurance with shared premium costs; and a skill development scheme to enhance employability.
November 26, 2012
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Deregulated steel sector: MoUs are state-investor understandings and the Ministry does not monitor project progress.
Steel is a deregulated sector and MoUs are state-investor understandings; the Ministry of Steel does not monitor MoU progress. Principal impediments to project implementation include land acquisition and rehabilitation, raw material linkages, environmental clearances, infrastructure approvals, market downturns, and local opposition. The Ministry summarizes status updates for major projects-covering land acquisition, licensing, financial closure planning, local protests, and scaled-down capacities-and an annexure lists state-wise MoUs and companies arising over the prior three years.
November 26, 2012
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Spice park establishment expands chilli farmers' market access as project nears completion and exporters receive allotted land.
Approval was granted for establishment of a Spice Park at Guntur to improve chilli farmers' price realization and market access; the State allocated land in Venkayalapadu and Maidavolu in favour of the Spice Board, with 38 acres allotted to exporters for private processing units. Civil and electrical works were almost complete, plant and machinery installation was in progress, expenditure had been incurred and the project targeted completion in December 2012.
November 26, 2012
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Data Secure Status seeks recognition of India's amended IT Act protections to establish adequacy for cross-border data flows.
The EU's 2010 adequacy review did not recommend Data Secure Status for India. The Government has sought EU recognition of adequacy by highlighting legislative and regulatory developments, namely amendments to the Information Technology Act and the rules framed in 2011, as strengthening protection of personal data and relevant to the EU's assessment for international data transfers.
November 26, 2012
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Regulatory compliance for pharmaceutical exports required for company authorizations and access to highly regulated markets.
Import clearance for pharmaceutical exports from India depends on the regulatory and registration regimes of importing countries; export authorizations are issued to individual companies only after they comply with those foreign regulatory requirements, a gating mechanism that interacts with export concentration in highly regulated markets.
November 26, 2012
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Rubber Skill Development Centre established to deliver industry-led training and workforce development under NSDC scheme.
A Rubber Skill Development Centre has been established jointly by industry associations under the scheme of the National Skill Development Corporation, with a mandate to initiate, implement and assist skill development activities in the rubber sector and to promote academic and technical responses to industry-raised issues.
November 26, 2012
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Protected Geographical Indication secures joint cooperation to protect and promote regional tea origin labeling across EU markets.
Protected Geographical Indication registration for Darjeeling tea prompted the Tea Board of India and the European Tea Committee to commit to jointly support the PGI within the EU, disseminate information in local languages in key EU markets, seek joint EU financial assistance for awareness measures, share information on alleged infringements to enable remedial action, and evolve a joint working relationship to implement the PGI in letter and spirit.
November 23, 2012
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BIFR rehabilitation process governs revival of closed fertilizer units, with Operating Agency review and government approval required.
Revival of closed and sick fertilizer PSUs proceeds through expedited Board for Industrial and Financial Restructuring approval of Draft Rehabilitation Schemes, with an Operating Agency examining submitted DRS proposals and submitting them to competent government authorities; inter-ministerial consultation and agency evaluation precede final government approval, while entities undertake skill development and some past loan waivers and profitability have been noted.
November 23, 2012
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Investment fund facilitation: new bilateral infrastructure fund to channel foreign capital into Indian infrastructure projects.
A Saudi business delegation indicated interest in sectoral investments and joint ventures in India, especially in infrastructure and related industries. A proposed Saudi-Indo Investment Fund, to be set up by the Saudi Public Investment Fund and IDFC, is intended to channel Saudi capital into Indian infrastructure projects. Indian authorities promoted use of the 'Invest India' special purpose vehicle to provide investment promotion and handholding services to foreign investors, including SMEs and family-owned enterprises.
November 23, 2012
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Foreign investment approvals in brownfield pharmaceuticals permit multiple FDI proposals, enabling sectoral entry and capital inflows.
Approval of foreign investment in the brownfield pharmaceutical sector: eight FDI proposals were approved in an investment-promotion meeting dated August 24, 2012, permitting inbound foreign and NRI equity into existing pharmaceutical undertakings. The approvals enumerate the applicants and corresponding proposed inflows, disclosing beneficiaries authorised to proceed with foreign equity infusions into brownfield pharmaceutical projects under the government's investment-promotion process.
November 23, 2012
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Majority control through equity acquisition secured management and board powers after NMDC's overseas investment in Legacy.
NMDC acquired a 50% equity stake in Legacy Iron Ore Limited through a Memorandum of Understanding and Share Subscription Agreement, receiving allotted shares and options which were approved for ASX trading. The transaction was funded from NMDC's internal accruals and paid in two tranches. As majority shareholder, NMDC obtained powers to reconstitute Legacy's Board, direct executive management and control delegation to the CEO, and retained control over the invested funds. Legacy is an ASX listed exploration company with JORC compliant inferred magnetite resources at Mt Bevan.
November 23, 2012
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Sanitation scheme extension expands central funding and raises cost ceiling to support eco friendly sanitation and eliminate dry latrines.
Extension of the Integrated Low Cost Sanitation Scheme into the Twelfth Five Year Plan provides renewed central financial support, with a revised central share and State beneficiary cost sharing, raises the per unit cost ceiling, and affords enhanced support for eco friendly sanitation technologies; the release reiterates the statutory prohibition on manual scavenging and frames the scheme as the instrument to eliminate remaining urban dry latrines.
November 23, 2012
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Revised cost approval for airport expansion establishes mixed funding and loan terms with capacity-based planning.
Approval of a revised cost estimate and funding framework for modernization and expansion of Netaji Subhash Chandra Bose International Airport, Kolkata, including construction of an integrated passenger terminal. Funding combines internal resources and borrowings with specified term loan assistance at a fixed interest rate and defined repayment tenor including a moratorium; the internal-to-borrowing ratio is adjusted. The terminal is largely complete except one zone, and traffic-based capacity projections identify years when international and domestic handling capacities are expected to saturate.
November 20, 2012
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Freight revenue growth signals higher rail commodity volumes and shifting traffic composition after April-October 2012 increases.
Railways reported year on year increases in commodity wise freight revenue and carried tonnage for April-October 2012, with NTKM rising more modestly; the October 2012 commodity breakdown shows coal as the largest earnings contributor, followed by cement, containers, fertilizers, iron ore for exports and steel plants, POL, foodgrains, pig iron and finished steel, and other goods, with earnings and tonnages quantified for each commodity.
November 19, 2012
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Reading habits of literate youth in North East India show higher leisure reading rates and distinct genre preferences than national averages.
A report commissioned under the National Action Plan for Readership Development analyzes leisure reading among literate youth (13-35) in North East India, comparing regional rates and genre preferences with national, developed state and backward state benchmarks. It finds higher leisure reading proportions in many North Eastern states, details rural-urban and social group variations, documents genre and purchase preferences, and is based on a multi stage stratified sample of 38,575 youths collected via face to face interviews and supplementary quality control measures.
November 17, 2012
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Access to Justice: conference spotlights scaling legal aid, paralegal training and judicial reforms to empower marginalized communities.
Access to Justice, grounded in Article 39A, is pursued through statutory legal services institutions, expansion of alternate dispute resolution, paralegal volunteer schemes, law clinics and legal literacy campaigns to bridge lack of awareness and scarcity of legal resources. Complementary measures include capacity building for judges and prosecutors, court ICT enablement, a national mission for justice delivery to reduce pendency, and a development partner supported Access to Justice project piloted in seven states focusing on legal literacy, intermediary training and direct assistance to vulnerable groups.
November 16, 2012
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Wholesale Price Index movement signals sectoral inflation shifts, highlighting commodity drivers and subgroup divergences in October.
Wholesale Price Index for All Commodities (base 2004-05=100) registered a marginal monthly increase for October 2012, with the annual rate of inflation based on the WPI recorded as materially lower than the previous year. The release reports month-on-month movements and year-on-year inflation across Primary Articles, Fuel & Power and Manufactured Products, identifying commodity drivers and detractors and supplying detailed annexures of WPI levels, build-up inflation since March and six-month inflation trends for key items.

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