India and World Bank Sign US $ 250 Million Financing Agreement for Andhra Pradesh Disaster Recovery Project
India and World Bank Sign US $ 250 Million Financing Agreement for Andhra Pradesh Disaster Recovery Project
The Financing Agreement for World Bank (IDA) assistance of US$ 250 million for Andhra Pradesh Disaster Recovery Project was signed between Government of India and the World Bank on July 16, 2015 at New Delhi.
The Financing Agreement was signed by Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Mr Onno Ruhl, Country Director (India) of World Bank on behalf of the World Bank. The Project Agreement was signed by Mr. Jagdish Chander Sharma, Principal Secretary, Land and Disaster Management on behalf of Government of Andhra Pradesh. Ms. Aparna Bhatia, Director (MI), DEA anchored the ceremony held at North Block, New Delhi. Representatives from State Government and the World Bank, among others, were present.
The objective of the project is to restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted Communities of Andhra Pradesh, and increase the capacity of the State to respond promptly and effectively to an eligible crisis or emergency.
The project, through its different components, will provide both direct and indirect benefits to the State of Andhra Pradesh. Direct beneficiaries include populations of the coastal areas affected, specifically the four heavily impacted districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari with a total approximate population of 13.3 million residents.
Project Components: The project will have seven components which are (i) Resilient electrical network, (ii) Restoration of connectivity and shelter infrastructure, (iii) Restoration and protection of beach front, (iv) Restoration of environmental services and facilities and livelihood support, (v) Capacity building and technical support for disaster risk management, and (vi) Project implementation support and (vii) Contingency Emergency Response.
It is a loan for an implementation period of 5 years. Government of Andhra Pradesh is the implementing agency.
The Financing Agreement was signed by Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Mr Onno Ruhl, Country Director (India) of World Bank on behalf of the World Bank. The Project Agreement was signed by Mr. Jagdish Chander Sharma, Principal Secretary, Land and Disaster Management on behalf of Government of Andhra Pradesh. Ms. Aparna Bhatia, Director (MI), DEA anchored the ceremony held at North Block, New Delhi. Representatives from State Government and the World Bank, among others, were present.
The objective of the project is to restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted Communities of Andhra Pradesh, and increase the capacity of the State to respond promptly and effectively to an eligible crisis or emergency.
The project, through its different components, will provide both direct and indirect benefits to the State of Andhra Pradesh. Direct beneficiaries include populations of the coastal areas affected, specifically the four heavily impacted districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari with a total approximate population of 13.3 million residents.
Project Components: The project will have seven components which are (i) Resilient electrical network, (ii) Restoration of connectivity and shelter infrastructure, (iii) Restoration and protection of beach front, (iv) Restoration of environmental services and facilities and livelihood support, (v) Capacity building and technical support for disaster risk management, and (vi) Project implementation support and (vii) Contingency Emergency Response.
It is a loan for an implementation period of 5 years. Government of Andhra Pradesh is the implementing agency.
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Exchange Rate of Foreign Currency Relating to Imported and Export Goods
Notified
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52
of 1962), and in super session of the notification of the Central Board of
Excise & Customs No.66/2015-CUSTOMS (N.T.), dated 2nd July,
2015, except as respects things done or omitted to be done before such
supersession, the Central Board of Excise & Customs hereby determines that
the rate of exchange of conversion of each of the foreign currencies specified
in column (2) of each of Schedule I and Schedule II annexed
hereto, into Indian currency or vice versa, shall, with effect
from 17th July, 2015, be the rate mentioned against it in the
corresponding entry in column (3) thereof, for the purpose of the said section,
relating to imported and export goods.
SCHEDULE-I
|
Sl.No.
|
Foreign Currency
|
Rate of exchange of one unit of foreign currency
equivalent to Indian rupees
|
||
|
(1)
|
(2)
|
(3)
|
||
|
|
|
(a)
|
(b)
|
|
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
|
1.
|
Australian Dollar
|
47.60
|
46.20
|
|
|
2.
|
Bahrain Dinar
|
173.45
|
163.95
|
|
|
3.
|
Canadian
Dollar
|
49.80
|
48.60
|
|
|
4.
|
Danish Kroner
|
9.45
|
9.20
|
|
|
5.
|
EURO
|
70.35
|
68.60
|
|
|
6.
|
Hong Kong Dollar
|
8.25
|
8.15
|
|
|
7.
|
Kuwait Dinar
|
216.15
|
204.30
|
|
|
8.
|
New Zealand Dollar
|
42.30
|
41.00
|
|
|
9.
|
Norwegian Kroner
|
7.90
|
7.70
|
|
|
10.
|
Pound Sterling
|
100.50
|
98.25
|
|
|
11.
|
Singapore Dollar
|
47.05
|
46.05
|
|
|
12.
|
South African Rand
|
5.25
|
4.95
|
|
|
13.
|
Saudi Arabian Riyal
|
17.45
|
16.50
|
|
|
14.
|
Swedish Kroner
|
7.55
|
7.35
|
|
|
15.
|
Swiss Franc
|
67.45
|
65.90
|
|
|
16.
|
UAE Dirham
|
17.80
|
16.85
|
|
|
17.
|
US Dollar
|
64.10
|
63.10
|
|
SCHEDULE-II
|
Sl.No.
|
Foreign Currency
|
Rate of exchange of 100 units of foreign currency
equivalent to Indian rupees
|
|||
|
(1)
|
(2)
|
(3)
|
|||
|
|
|
(a)
|
(b)
|
||
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
||
|
1.
|
Japanese Yen
|
51.95
|
50.80
|
||
|
2.
|
Kenya Shilling
|
64.25
|
60.45
|
||
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