Technical Committee to identify the loopholes





GOVERNMENT OF ANDHRA PRADESH
ABSTRACT

INDUSTRIES AND COMMERCE DEPARTMENT – Constituting a Technical Committee to identify the loopholes and deficiencies of G.O.Ms. No. 296, I&C, dated 04.12.2004 – Orders – Issued.

INDUSTRIES AND COMMERCE (MINES.III) DEPARTMENT

G.O.Rt.No.398                                                        Dated  15 .12.2014
                                                                            Read the following:

1) G.O.Ms. No. 296, I&C (M.II), Dept.,  dated 04/12/2004                                  
2) G.O.Ms. No. 2421,G.A (Cabinet) Dept.,  dated 20.06.2014
        3) Note from the VC&MD, APMDC vide APMDC/ CR/TC/2014,                                  dated 15.12.2014.
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O R D E R:

          The VC&MD, APMDC has brought to the notice of the Government that according to the G.O 1st read above, the tender duration for sale of Barytes mineral  is 3 years and yearly escalation is 5%. Due to this unscientific way of fixing of sale price of Barytes which shall not compare with international market price, the Corporation is unable to capture better value based on  market value of Barytes prevailing in global markets. 

2.  Hence, this matter was examined and it is proposed to constitute a Technical Committee to identify all the loopholes and deficiencies prevailed in the sale of Barytes during the last one decade since issue of G.O.Ms. No. 296, dated 04.12.2004.

3.       Government after careful examination of the proposal, hereby constitute the Technical Committee with the following officers with immediate effect, to identify the loopholes and deficiencies of the G.O 1st read above and submit their Report within 30 days from the date of issue of this order, to the Cabinet Sub- Committee constituted vide ref. 2nd read above:
   
1. Sri Manish Maindatta, Deputy Controller of Mines, IBM, Hyd 
2. Sri A.Sangameswara Rao, former Secretary General, MEAI,
3. Sri K.C.L Narasimha Reddy, JDM&G, O/o DM&G, GoAP, Hyd.
4. Sri V. Madhavan, Chartered Accountant.

4.  Sri H.D Nagaraja, Executive Director, M/s APMDC Ltd shall act as Convenor of the above committee.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)


                                                      J.S.V PRASAD,
                                                                   PRINCIPAL SECRETARY TO GOVERNMENT

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