Government Closes Indian People’s Natural Calamity Trust and Transfers its Corpus to PM Relief Fund



Government Closes Indian People’s Natural Calamity Trust and Transfers its Corpus to PM Relief Fund 
Department of Agriculture, Cooperation and Farmers’ Welfare has taken a decision to wind up the Indian People’s Natural Calamity Trust (IPNCT) created by former Ruler of Jaipur in 1900, with an objective to provide relief to the Indian people during famine. The Trust is presently administered under the chairmanship of Agriculture Minister with 27 nominated members and two officers. With the passage of time, the Trust seems to have outlived its utility. Since its last meeting held in August 1995, the Trust has no significant activity except giving donations through PM Relief Fund in case of natural disasters. Now disaster management is being handled by National Disaster Management Authority in Ministry of Home Affairs which has sufficient budget and infrastructure. With the consent of the representative of the former Ruler of Jaipur and opinion of Ministry of Law & Justice, it has been decided to wind up the Trust and Union Agriculture and Farmers Welfare Minister, Shri Radha Mohan Singh decided to transfer the balance fund of nearly Rs.91 lakhs in its corpus to Prime Minister’s Relief Fund for better utilization of the funds. 


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Shri Piyush Goyal Visits Talcher Coalfields of MCL in Odisha 
Shri Piyush Goyal, Union Minister of State (IC)for Coal, Power and New & Renewable Energy today inspected the mining operations at Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited in Talcher , Angul district, Odisha.

Shri Goyal, who arrived here today on a two-day visit to Odisha, inspected mining operations and the on-going construction work of SILO – a rapid coal wagon loading system -- at Bharatpur area.

Shri Dharmendra Pradhan, Union Minister of State (IC) for Petroleum & Natural Gas, also accompanied the Coal Minister during the mine visit.

Shri A N Sahay, Chairman-cum-Managing Director, MCL who received the ministers at Bhubaneswar airport briefed them about the ongoing operations and outlook of the company, which produced over 121 million tonne coal during the last financial year 2014-15.

MCL’s Chief Vigilance Officer Mr. Deepak Shrivastava, Director (Technical/Projects and Planning) Shri J P Singh and Director (Finance), Shri K K Parida received the Union ministers at Bharatpur mine project while Director (Personnel) Shri P C Panigrahi and Director (Technical/Operations) Shri A K Tiwari received the dignitaries Jagannath area of MCL.

Later , Shri Goyal had a meeting with the corporate-level Joint Consultative Committee (JCC) of MCL and also laid wreath on the memorial of the departed miners of the company.

MCL is the second largest coal producer in the country headquartered at Sambalpur, Odisha. 

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India Among Bright Spots In Otherwise Gloomy Global Economy: President Shri Pranab Mukherjee

EEPC INDIA Celebrates Its Diamond Jubilee 
The President of India Shri Pranab Mukherjee has complimented Engineering Export Promotion Council of India(EEPC India) for a glorious 60 years of its existence.

Shri Mukherjee noted with satisfaction that EEPC has grown from a mere 40-member group in 1955 to more than 13,000 and has increased the engineering exports from a mere 10m USD in 1955 to more than 70 Bn USD at present. Shri Mukherjee said that while the total merchandise export grew 2.71 times in the ten year period from 2004-05 to 2014-15, the engineering exports saw an impressive growth of 3.65 times in the same period.

The President Shri Pranab Mukherjee presented India as one of the few bright spots in an otherwise gloomy global economic scenario. He said that with moderating inflation, strong currency reserves, lower current and fiscal deficit and stable Tax policy, the prospects of Indian economy appear bright. The President emphasised that to sustain a high growth rate, massive investments in infrastructure and human resources capital of India would be required on a sustained basis.

Outlining his vision for the next 10 years, the President expressed the confidence that manufacturing sector has the potential to create 90 million jobs over the next 10 years. During this period, the share of manufacturing sector could improve to 25% of GDP from the present 18% of GDP. Shri Mukherjee noted importance of Make In India campaign that aims to transform India into a global manufacturing hub wherein MNCs could settle manufacturing base in India using the vast India’s talent and low cost human resources.

Earlier the President gave momentos to the past Chairmen of EEPC India to felicitate them for their service to the growth of exports of engineering goods.

In her address, Commerce & Industry Minister, Smt. Nirmala Sitharaman appreciated the important role of EEPC and in particular, the performance of SME sector which contributed 60% of India’s engineering exports. She also complemented EEPC for their successful partnership in the conduct of Hannover Fair in Germany in April, 2015. Noting that there was a need for India to move from a low value exporter to a very high value exporter, the Commerce Minister exuded confidence that after a slowdown phase in the recent past India was now entering into a recovery phase.

Minister for Communications & IT Shri Ravi Shankar Prasad said that 2,50,000 Gram Panchayats are being connected throughout the country through an optical fibre network which will facilitate e-education, e-learning, e-commerce and e-health.

In his welcome address, EEPC India Chairman, Shri Anupam Shah outlined the achievements of EEPC India’s journey of 60 years wherein it has achieved an export figure of 70 Bn USD as compared to a modest start with 10M USD 60 years ago. Shri Shah outlined the major challenges in the export market arising out of the slowdown in the economic activity across major economies in the world.

On the occasion of Diamond Jubilee celebrations of EEPC India, a Coffee Table Book on “EEPC India: 60 Years On” was also released and the first copy was presented to the President Shri Pranab Mukherjee. 

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US AMBASSADOR RICHARD R.VERMA CALLS ON UNION LAW & JUSTICE MINISTER
SEVERAL ISSUES RELATED WITH LEGAL REFORMS AS WELL AS EXCHANGE PROGRAMMES SHARED


The US Ambassador to India Mr. Richard R. Verma along with other officials of the Embassy called on Union Minister of Law & Justice Shri D.V.Sadananda Gowda here in New Delhi today.

The Minister welcomed the Ambassador and introduced the officials of the ministry who were present.

The Ambassador was keen on knowing the status of ongoing legal reforms with special reference to ease of doing business like setting up of Commercial Courtsand reforms being contemplated in the sphere of Arbitration . The measure amendments being introduced in the Arbitration Act as approved by the cabinet were also briefed. Similarly, setting up of Commercial Courts in pursuance with the goal of ease of doing business in India was also discussedin detail and the minister assured the Ambassador that Government of India is bringing amendments to bring Indian system at par with the international (UNCITRAL) system.

Issues relating to the enforcement of contracts, and international arbitration awards were also discussed. The provisions for the ways the required mutual cooperation and required changes are being addressed also came up for discussion.

Issues relating to Intellectual Property Rights ( IPR) was agreed to be taken up by ambassador with the Ministry of Commerce through the Ministry of External Affairs (MEA).

The US Ambassador was keen on Civil Legal Cooperation, training and Exchange of Expertise and the same was welcomed by the MLJ. 

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Minister of Mines & Steel Shri Narendra Singh Tomar meets his Australian counterpart Mr Macfarlene 
Sydney: Taking the Indo-Australian relationship to yet another height today, Minister of Mines & Steel Shri Narendra Singh Tomar met his Australian counterpart, Minister for Industry, Science and Resources Mr Ian Macfarlane yesterday. Shri Tomar is heading a delegation of Indian mining industry to Sydney for participation in one of the world’s largest mining event, Asia Pacific Mining Exhibition (AIMEX) 2015.

Appreciating the enthusiasm shared by both countries in exploring each-other’s strengths and hidden potential, Mr Tomar sought active participation of Australian mining industry in taking the Indian mineral sector to new heights. “Through AIMEX 2015, we want to showcase the mineral richness of India before a global audience. Further, we want to harness Australia’s leadership in mining technology and exploration ability to strengthen mining in India,” Shri Tomar said. “By the end of this year, we will be putting up 82 blocks for auction, which includes minerals like iron ore, gold, bauxite etc. We urge you to identify and encourage Australian companies to participate in these auctions,” the Minister added.

Responding positively to Shri Tomar’s proposal to enhance exploration capabilities in the hitherto under-explored India, Mr Macfarlene assured Shri Tomar that all support will be extended to Indian exploration and mining by both Geo Science Australia and Commonwealth Scientific and Industrial Research Organisation (CSIRO) Australia. Mr Macfarlene assured Mr. Tomar that he will encourage Australian companies to participate in the upcoming mineral auctions in India. He applauded the legislative reform carried out by the Indian government, agreeing that changes of such scale were indeed more than reform, akin to revolution. “The reforms are happy news for our manufacturing industry because India is their focus,” said Mr Macfarlene. Expressing confidence in the Indian democracy and judiciary, the Industry Minister said that even the Australian private industry would look forward to collaborate with India. This is the third meeting of Shri Tomar with an Australian statesman in his visit to Australia. Prior to this, Shri Tomar met Premier of New South Wales Mr Mike Baird and Minister for Trade and Investment Mr Andrew Robb. The Indian delegation includes Director General of Geological Survey of India, CMD NMDC, CMD MECL, CMD MOIL, CMD HCL and other senior officers of the Ministry of Mines. 

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