India Mineral Sector Update – Mineral Production during July 2016 (Provisional) Mineral Production during July 2016 (Provisional) The index of mineral production of mining and quarrying sector for the month of July (new Series 2004-05=100) 2016 at 118.7, was 0.8% higher as compared to July 2015. The cumulative growth for the periodApril- July 2016-17 over the corresponding period of previous year stands at (+) 2.0%. The total value of mineral production (excluding atomic & minor minerals) in the country during July 2016 was Rs. 17339 crore. The contribution of Coal was the highest at Rs. 6238 crore (36%). Next in the order of importance were: Petroleum (crude) Rs. 5593 crore, Natural gas (utilized) Rs. 2165 crore, Iron ore Rs. 1347 crore, Limestone Rs. 554 crore and Lignite Rs.535 crore. These six minerals together contributed about 95% of the total value of mineral production in July 2016. Production level of important minerals in July 2016 were: Coal 442 lakh tonnes, Lignite 30 lakh tonnes, Natural gas (utilized) 2618 million cu. m., Petroleum (crude) 31 lakh tonnes, Bauxite 1972 thousand tonnes, Chromite 177 thousand tonnes, Copper conc. 11 thousand tonnes, Gold 172 kg., Iron ore 115 lakh tonnes, Lead conc. 22 thousand tonnes, Manganese ore 150 thousand tonnes, Zinc conc. 89 thousand tonnes, Apatite & Phosphorite 54 thousand tonnes, Limestone 253 lakh tonnes, Magnesite 17 thousand tonnes and Diamond 3100 carat. The production of important minerals showing positive growth during July 2016 over July 2015 include ‘Gold’ (19.4%), ‘Coal’

(4.7%), ‘Natural gas (utilized)’ (4.4%), ‘Lead conc. (3.0%), ‘Chromite’ (2.1%), ‘Manganese ore ’(1.2%), ‘Iron ore’ (0.7%) and ‘Limestone’ (0.3%) . The production of other important minerals showing negative growth are: ‘Apatite & Phosphorite’ [(-) 72.6%], ‘Zinc conc.’ [(-) 31.4%], ‘Magnesite’ [(-) 31.3%], ‘Bauxite’ [(-) 31.0%], ‘Copper conc.’ [(-) 16.5%], ‘Diamond’ [(-) 15.3%], ‘Petroleum (crude)’ [(-) 1.8%] and ‘Lignite’ [(-) 1.6%]. *

India Oil & Gas Sector Update – Production Performance of Oil & Natural Gas Sector for August, 2016 Production Performance of Oil & Natural Gas Sector for August, 2016 Crude Oil 1. Crude oil production during August, 2016 was 3067.80 TMT which is 1.02% and 3.93% lower than target and production achieved in August 2015 respectively. Cumulative crude oil production during April-August, 2016 was 15146.22 TMT which is 0.75% and 3.15% lower than target and production during corresponding period of last year respectively. Unit-wise and state-wise crude oil production is given at Annexure-I. Unit-wise

crude oil production for the month of August, 2016 and cumulatively for the period April-August, 2016 vis-à-vis same period of last year has been shown in Table-1 and month-wise in Figure-1.

Table-1: Crude Oil Production (in TMT)

Target Oil Company

ONGC

2016-17 (Apr-Mar)

August (Monthly) 2016-17 Target

Prod.*

2015-16 Prod.

April-August (Cumulative) % over last year

2016-17 Target

22766.00 1897.03 1865.31 1929.26 96.69 9339.92

Prod.*

2015-16 Prod.

% over last year

9225.22

9384.57 98.30

OIL

3480.00

276.32

272.08

276.02 98.57 1345.26

1342.94

1388.15 96.74

PSC Fields

10839.32

926.13

930.42

987.86 94.19 4576.01

4578.05

4865.61 94.09

Total

37085.32 3099.48 3067.80 3193.15 96.07 15261.20 15146.22 15638.33 96.85

*: Provisional Figure-1: Monthly Crude Oil Production

Unit-wise production details with reasons for shortfall have been given in following sub-sections:

1.1

Crude oil production by ONGC during August, 2016 was

1865.31 TMT which is 1.67% lower than the monthly target and 3.31% less when compared with August, 2015. Cumulative crude oil production during April-August, 2016 was 9225.22 TMT which is 1.23% lower than target for the period and 1.70% lower than the production during corresponding period of last year. Reasons for shortfall in production in some fields are as under:

Repair of sub-sea leakage in well fluid lines and less than planned production from Marginal fields Repair of sub-sea leakage in 16″ HSC–HRG well fluid line

1.2 Crude oil production by OIL during August, 2016 was 272.08 TMT which is 1.54% lower than monthly target and 1.43% less than production in August 2015. Cumulative crude oil production during April-August, 2016 was 1342.94 TMT which is 0.17% lower than target for the period and 3.26% lower than

the production during corresponding period of last year. Reasons for shortfall in production are as under:

Less than planned contribution from old wells. Rise in water cut in wells of Greater Hapjan, Greater Chandmari fields & Naharkatiya fields. Loss in production of 2622 MT on account of strike by drivers during 15 t h to 18 t h Aug’16, bomb blasts at Tinsukia, Dibrugarh and Sibsagar districts on 14th & 15th Aug’16 and miscreant activities/local problems at various locations during the month.

1.3 Crude oil production by Pvt. /JVs during August 2016 was 930.42 TMT which is 0.46% higher than the monthly target but 5.81% less when compared with August, 2015. Cumulative crude oil production during April-August, 2016 was 4578.05 TMT which is marginally higher (0.04%) than target for the period and 5.91% lower than the production during corresponding period of last year. Reasons for shortfall in production are as under: Natural Decline in Ravva, CB-OS/2 and well fluid riser problems in Panna-Mukta Closure of one well in MA and one well in D1D3 field in KG-DWN-98/3 Underperformance of Bhagyam field and natural decline of Mangala wells of RJ-ON-90/1

Natural Gas 2. Natural gas production during August, 2016 was 2674.15 MMSCM which is 4.90% lower than the target for the month and 5.72% lower than the production in August, 2015.

Cumulative natural gas production during April-August, 2016 was 13123.44 MMSCM which is 3.27% lower than target for the period and 4.20% lower than the production during corresponding period of last year. Unit-wise and state-wise natural gas production is given at AnnexureII. Unit-wise natural gas production for the month of August, 2016 and cumulatively for the period AprilAugust, 2016 vis-à-vis same period of last year has been shown in Table-2 and month-wise in Figure-2.

Table-2: Natural Gas Production (MMSCM)

Target Oil Company ONGC OIL PSC Fields Total

August (Monthly)

April-August (Cumulative)

2016-17 2015-16 % over 2016-17 last (Apr-Mar) Target Prod.* Prod. year

Target

Prod.*

22743.43 1877.46 1845.51 1855.82 99.44

8964.30

8841.63

9022.49

2016-17

2015-16 % over last Prod. year 98.00

2950.03

257.03

244.05

242.66 100.57 1265.79

1230.88

1116.89 110.21

8425.44

677.35

584.59

737.88

3050.93

3559.40

79.23

3337.48

85.71

34118.90 2811.85 2674.15 2836.36 94.28 13567.57 13123.44 13698.78 95.80

*: Provisional

Figure-2: Monthly Natural Gas Production

2.1 Natural gas production by ONGC during August, 2016 was 1845.51 MMSCM which is 1.70% lower than the monthly target and 0.56% lower when compared with August, 2015. Cumulative natural gas production during April-August, 2016 was 8841.63 MMSCM which is 1.37% lower than the cumulative target and 2.0% lower than the production during the corresponding period of last year. Reasons for shortfall in production are as under: Natural decline from Bassein field and restricted withdrawal of gas by GAIL in EOA

2.2 Natural gas production by OIL during August, 2016 was 244.05 MMSCM which is 5.05% lower than the monthly target but 0.57% higher than August 2015. Cumulative natural gas production during April-August, 2016 was 1230.88 MMSCM which is 2.76% lower than the cumulative target but 10.21% higher than the production during the corresponding period of last year. Reasons for shortfall in production are as under:

Loss in gas production potential on account of water loading of high potential wells, unexpected subsurface problems

2.3 Natural gas production by Pvt. /JVs during August 2016 was 584.59 MMSCM which is 13.70% lower than the monthly target and 20.77% less when compared with August, 2015. Cumulative natural gas production during April-August, 2016 was 3050.93 MMSCM which is 8.59% lower than the cumulative target and 14.29% lower than the production during the corresponding period of last year. Reasons for shortfall in production are as under: Underperformance of KG-OSN-2001/3

Increase in water cut in few wells in RJ-ON/6 Underperformance of Raniganj East, Sohagpur West & Raniganj South CBM blocks Closure of one well each in MA and D1D3 in KG-DWN-98/3 Increase in water cut in few wells in RJ-ON/6

Refinery Production (in terms of Crude oil processed)

3 Refinery production during August, 2016 was 20290.26 TMT which is 2.32% higher than the target for the month and 3.46% higher than the production during corresponding period of last year. Cumulative production during April-August, 2016 was 101784.38 TMT which is 3.35% higher than the target for the period and 7.64% higher than the production during corresponding period of last year. Unitwise production is given at Annexure-III. Unit-wise production for the month of August, 2016 and cumulatively for the period April-August, 2016 vis-à-vis same period of last year has been shown in Table-3 and month-wise in Figure-3.

Table 3: Refinery Production (TMT)

Target Oil

2016-17 Company (Apr-Mar)

August (Month) 2016-17 Target

Prod.*

April-August (Cumulative)

2015-16 % over last Prod. year

2016-17 Target

Prod.*

2015-16 % over last Prod. year

A. Public 135565.03 10894.00 10985.15 10296.55 106.69 55625.78 56599.40 50938.73 111.11 Sector IOCL

65100.00

5410.30

4953.45

4558.39 108.67 26634.68 26736.96 22875.57 116.88

BPCL

25250.15

2049.97

2150.36

2033.01 105.77 10211.48 10485.93 10142.12 103.39

HPCL

16800.29

1147.31

1253.23

1551.45

CPCL

10250.00

951.11

1006.67

549.16

80.78

6925.89

7152.95

6465.36 110.63

183.31 4599.35

4645.52

4148.96 111.97

NRL

2670.00

231.37

239.04

252.93

94.51

1142.44

1163.62

1349.04 102.00 6095.00

6380.13

918.56

126.68

MRPL

15450.00

1100.00

1376.01

ONGC

44.59

3.95

6.40

2.56

250.14

16.94

34.29

1246.02

1521.60

1557.55

97.69

6478.73

7358.10

7002.52 105.08

6366.61 100.21 21.54

159.16

B. Joint 15000.00 Venture BORL

6000.00

450.00

587.60

620.19

94.74

2550.00

2771.82

2425.00 114.30

HMEL

9000.00

796.02

934.00

937.36

99.64

3928.73

4586.28

4577.52 100.19

7689.74

7783.51

7757.64 100.33 36385.32 37826.87 36616.40 103.31

C. Private 89852.65 Sector RIL

69561.01

5998.74

6002.57

5998.74 100.06 27930.35 29068.16 27930.35 104.07

EOL

20291.64

1691.00

1780.94

1758.90 101.25 8454.97

8758.71

8686.05 100.84

TOTAL 240417.68 19829.76 20290.26 19611.74 103.46 98489.83 101784.38 94557.65 107.64 (A+B+C)

*: Provisional

Figure 3: Monthly Refinery Production

3.1 PSU Refineries’ production during August, 2016 was 10985.15 TMT which is 0.84% higher than the target for the month and 6.69% higher than the production achieved in the corresponding month of last year. Cumulative production during April-August, 2016 was 56599.40 TMT which is 1.75% higher than the target for the period and 11.11% higher than the production during corresponding period of last year. Reasons

for shortfall of refinery production in some PSU refineries are as under: IOCL, Guwahati & Digboi: Lower crude availability. IOCL, Panipat: Throughput is restricted due to advancement of planned shut-down of Diesel Hydro Treatment unit. IOCL, Paradip: Throughput is lower due to delay in commissioning of South oil jetty and Continuous Catalytic Reforming Unit under shut-down for maintenance.

3.2

Production in JV refineries during August, 2016

was 1521.60 TMT which is 22.12% higher than the target for the month but 2.31% lower than the production achieved in the corresponding month of last year. Cumulative production during April-August, 2016 was 7358.10 TMT which is 13.57% higher than the target for the period and 5.08% higher than the production during corresponding period of last year. 3.3 Production in private refineries during August, 2016 was 7783.51 TMT which is 1.22% higher than the target for the month and 0.33% higher than the production achieved in the corresponding month of last year. Cumulative production during April-August, 2016 was 37826.88 TMT which is 3.96% higher than the target for the period and 3.31% higher than the production during corresponding period of last year. 3.4 Refinery-wise details of the capacity utilization and production of petroleum products during the month of August, 2016 and cumulatively for the period April-August, 2016 vis-à-vis April-August, 2015 are given at Annexures-IV and V respectively. Click here to annexure – 1 Click here to annexure – 2

Click here to annexure – 3 Click here to annexure – 4 Click here to annexure – 5 Click here to annexure – 6

Cabinet approves the River Ganga (Rejuvenation, Protection and Management) Authorities Order, 2016 Cabinet approves the River Ganga (Rejuvenation, Protection and Management) Authorities Order, 2016 The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approval the River Ganga (Rejuvenation, Protection and Management) Authorities Order, 2016. The Order lays down a new institutional structure for policy and implementation in fast track manner and empowers National Mission for Clean Ganga to discharge its functions in an independent and accountable manner. It has been decided to grant a Mission status to the Authority with corresponding powers under Environment (Protection) Act, 1986 to take cognizance of the provision of the said Act and follow up

thereon. Similarly, there is adequate delegation of financial and administrative powers which will distinctly establish NMCG as both responsibility and accountability centre and effectively accelerate the process of project implementation for Ganga Rejuvenation. Salient Features: Briefly, the Order envisages: 1. Creation of the National Council for River Ganga (Rejuvenation, Protection and Management), as an Authority under the Chairperson of Hon’ble Prime Minister, in place of the existing NGRBA for overall responsibility for superintendence of pollution prevention and rejuvenation of river Ganga Basin. 2. Setting up of an Empowered Task Force chaired by Hon’ble Minister of Water Resources, River Development and Ganga Rejuvenation to ensure that the Ministries, Departments and State Governments concerned have: an action plan with specific activities, milestones, and timeliness for achievement of the objective of rejuvenation and protection of River Ganga, a mechanism for monitoring implementation of its action plans. It will also ensure co-ordination amongst the Ministries and Departments and State Governments concerned for implementation of its action plans in a time bound manner. 3. Declaration of National Mission for Clean Ganga (NMCG) as an Authority with powers to issue directions and also to exercise the powers under the Environment (Protection) Act, 1986 to enable it to carry out efficiently its mandate. The NMCG will have a two-tier management structure with a Governing Council (GC), to be chaired by DG, NMCG. Below the GC, there will be an

Executive Committee (EC) constituted out of the GC, to be chaired by the DG, NMCG. NMCG will comply with the decisions and directions of the National Ganga Council and implement the Ganga Basin Management Plan approved by it; co-ordinate and carry out all activities necessary for rejuvenation and protection of River Ganga and its tributaries. 4. At the State level, it is proposed to create the State Ganga Committees in each of the defined States as Authority, to function as Authorities in respect of each State and perform the superintendence, direction and control over the District Ganga Protection Committees under their jurisdiction. 5. Similarly, the District Ganga Committees in each of the Ganga Bank Districts will carry out the assigned tasks as an Authority at the district level, to take cognizance of local threats and needs of river Ganga and conceptualise such measures as necessary to ensure overall quality of water in river Ganga and monitor various projects being implemented. The proposed structure is to be implemented through the subordinate legislation route by issue of an Order invoking the provisions under Section 3 of Environment (Protection) Act, 1986 (29 of 1986) relating to creation of authorities to achieve its objectives. The other main features of the proposal are as follows: This will give more teeth to the NMCG for Clean Ganga for the environmental protection/rejuvenation of River Ganga. It will also ensure proper co-ordination with the local bodies and compliance with the directions of NMCG for pollution abatement of the river Ganga. NMCG will, however, take action only in the event when

required action is not taken by CPCB. CPCB shall also take action jointly with NMCG under the provisions of said Act. A special focus of the revamped structure would be to maintain required ecological flows in the river Ganga with the aim of ensuring water quality and environmentally sustainable development. For taking up fast track creation of sewerage treatment infrastructure in Ganga basin, an innovative model based on Hybrid Annuity has also been approved. This will ensure that the infrastructure created under the project is operational on a sustainable basis. In order to ensure transparency and cost effectiveness, a provision for concurrent audit, safety audits, research institutions and financial framework has been made.

River Development and Ganga Rejuvenation Background: The Ganga Action Plan (GAP) Phase-I was launched in 1985 and later GAP Phase-II was initiated in 1993 with the objective of

improving the water quality of river Ganga and was later expanded to include some of its tributaries also. In May, 2015, the Government approved the Namami Gange programme as a comprehensive mechanism to take up initiatives for rejuvenation of river Ganga and its tributaries as a Central Sector Scheme with hundred per cent funding by the Union Government. The programme, despite making moderate gains in arresting the declines in water quality, had certain limitations in implementation. Although, the NMCG has been functional as a registered Society since 2012 its role has been largely limited to fund the projects to implementing organisations. It neither had the mandate to take cognizance of various threats to river Ganga nor the powers to issue directions to the concerned authorities/polluters. While the organisation has been made responsible as custodian of river Ganga in both public eye as well as various courts, the mission is grossly ill-equipped to handle such expectations. It is expected that the move will ensure effective abatement of pollution and rejuvenation of the River Ganga; maintain ecological flows in the River; impose restrictions on polluting industries; and carry out inspections to ensure compliance. In addition, it is proposed to maintain and disseminate data and carry out research on the condition of the river.

Source :

pib.nic.in

One Nation One Budget – Indian Cabinet approves merger of rail budget with general budget Cabinet approves merger of rail budget with general budget; advancement of budget presentation and merger of plan and non-plan classification in budget and accounts The Union Cabinet has approved the proposals of Ministry of Finance on certain landmark budgetary reforms relating to (i) the merger of Railway budget with the General budget, (ii) the advancement of the date of Budget presentation from the last day of February and (iii) the merger of the Plan and the NonPlan classification in the Budget and Accounts. All these changes will be put into effect simultaneously from the Budget 2017-18. Merger of Railway Budget with the General Budget: The arrangements for merger of Railway budget with the General budget have been approved by the Cabinet with the following administrative and financial arrangements(i) The Railways will continue to maintain its distinct entity -as a departmentally run commercial undertaking as at present; (ii) Railways will retain their functional autonomy and

delegation of financial powers etc. as per the existing guidelines; (iii)The existing financial arrangements will continue wherein Railways will meet all their revenue expenditure, including ordinary working expenses, pay and allowances and pensions etc. from their revenue receipts; (iv)The Capital at charge of the Railways estimated at Rs.2.27 lakh crore on which annual dividend is paid by the Railways will be wiped off. Consequently, there will be no dividend liability for Railways from 2017-18 and Ministry of Railways will get Gross Budgetary support. This will also save Railways from the liability of payment of approximately Rs.9,700 crore annual dividend to the Government of India; The presentation of separate Railway budget started in the year 1924, and has continued after independence as a convention rather than under Constitutional provisions. The merger would help in the following ways: The presentation of a unified budget will bring the affairs of the Railways to centre stage and present a holistic picture of the financial position of the Government. The merger is also expected to reduce the procedural requirements and instead bring into focus, the aspects of delivery and good governance. Consequent to the merger, the appropriations for Railways will form part of the main Appropriation Bill. Advancement of the Budget presentation: The Cabinet has also approved, in principle, another reform relating to budgetary process, for advancement of the date of Budget presentation from the last day of February to a suitable date. The exact date of presentation of Budget for 2017-18 would be decided keeping in view the date of assembly

elections to be held in States. This would help in following ways: The advancement of budget presentation by a month and completion of Budget related legislative business before 31 st March would pave the way for early completion of Budget cycle and enable Ministries and Departments to ensure better planning and execution of schemes from the beginning of the financial year and utilization of the full working seasons including the first quarter. This will also preclude the need for seeking appropriation through ‘Vote on Account’ and enable implementation of the legislative changes in tax; laws for new taxation measures from the beginning of the financial year. Merger of Plan and Non Plan classification in Budget and Accounts: The third proposal approved by the Cabinet relates to the merger of Plan and Non Plan classification in Budget and Accounts from 2017-18, with continuance of earmarking of funds for Scheduled Castes Sub-Plan/Tribal Sub-Plan. Similarly, the allocations for North Eastern States will also continue. This would help in resolving the following issues: The Plan/Non-Plan bifurcation of expenditure has led to a fragmented view of resource allocation to various schemes, making it difficult not only to ascertain cost of delivering a service but also to link outlays to outcomes. The bias in favour of Plan expenditure by Centre as well as the State Governments has led to a neglect of essential expenditures on maintenance of assets and other establishment related expenditures for providing essential social services.

The merger of plan and non-plan in the budget is expected to provide appropriate budgetary framework having focus on the revenue, and capital expenditure. https://twitter.com/JPNadda/status/778586804387655680

Source : pib.nic.in

PM chairs meeting to review steps towards holistic development of islands PM chairs meeting to review steps towards holistic development of islands The Prime Minister, Shri Narendra Modi, on Tuesday chaired a high-level meeting to review the steps towards holistic development of islands. The Prime Minister was given a presentation on the vision for holistic development, which involved inputs from the NITI Aayog, the Ministry of Home Affairs, and other senior officials. India has a total of 1382 offshore islands, out of which officials have initially proposed 26, which could be

considered for holistic development. These 26 islands are located along different parts of India’s coastline, including some in the Andamans and Lakshadweep. Officials informed the Prime Minister that developmental activities shall be centred around basic infrastructure, tourism, agriculture (including organic agriculture and fisheries), and carbon-neutral energy generation. Emphasizing the strategic importance of India’s island wealth, the Prime Minister stressed the potential for tourism in these areas. Urging the officials to speedily firm up plans for island development, the Prime Minister said solar energy should be used extensively in this exercise.

President of India congratulates DRDO on the successful test-firing of the surface to Air Missile – ‘BARAK-8’ President of India congratulates DRDO on the successful test-firing of the surface to Air Missile – ‘BARAK-8’ The President of India, Shri Pranab Mukherjee congratulated DRDO on the successful test-firing of the Surface to Air

Missile – ‘Barak-8’. In a message to Dr. S. Christopher, Secretary, Department of Defence Research & Development and Director General, DRDO, the President has said, “I extend hearty congratulations to you and all those associated with the successful test-firing of the Surface to Air Missile – ‘Barak-8’ developed jointly with Israel. The nation is proud of this achievement. I am sure that this success will further boost India’s defence capabilities in technologically challenging areas. Kindly convey my greetings and felicitations to all members of the team of scientists, engineers, and others involved in this Mission”.

Globsyn Business School receives the Gurukul Award for the Best MBA College (non IIM) in eastern India Kolkata, September 15, 2016: Globsyn Business School has been awarded the prestigious Gurukul Award for the Best MBA College (non IIM) in eastern India, for the academic session 2015-2016. Globsyn Business School was chosen as a nominee under the “Best MBA College” category through a competitive process by

the committee members of the Gurukul Awards — an initiative of the Lions Club of Kolkata, Mother Teresa Sarani (District 322B2), in association with FACES (Friends of Alumni/ae ofColleges Educational Institutes and Schools). Gurukul is a well-known brand in Kolkata, since its inception in the year 2007 and is the permanent project of “Recognition to Youth” under Lions Club of Kolkata Mother Teresa Sarani: 322B2. It defines excellence in education and is the first and only of its kind awards ceremony in eastern India. The award ceremony was held on September 4, 2016 at the Vidyamandir auditorium. Principals, teachers and students of some of the most reputed schools, colleges and other private institutions in Kolkata were present at this ceremony. Mr. Rahul Dasgupta, Joint Managing Director, Globsyn Group remarked, “As we celebrate this achievement, we would take this opportunity to acknowledge the efforts and well wishes of all our stakeholders – alumni, students, their parents and corporate recruiters. This recognition would not have been possible without your trust and support.” About Globsyn Business School With

Globsyn’s

background

of

Continuous

Innovation

in

Education, today Globsyn Business School has uniquely positioned itself as India’s only ‘Corporate B-School, drawing from strength and diversity of the fast evolving corporate world. The new economy background of the school, with its AICTE accreditation and CRISIL A** rating, makes it one of the most forward thinking institutions in India today. With an edifice built on Innovation, Research and Technology, coupled with unique initiatives as part of its ‘Beyond Education’ philosophy, Globsyn is well on its path to create a truly globally networked, corporate savvy, research driven management education system which moves beyond traditional forms of management knowledge dissemination to a research based delivery framework to create ‘ Industry Ready Managers’

– an agile group of professionals equipped to operate in today’s technology driven business environment.

Chinese delegation eyes investment in 7 sectors in Bengal Chinese delegation eyes investment in 7 sectors in Bengal

A 21-member Chinese trade delegation on Monday expressed their interest to invest in seven different industrial sectors in

the state. The delegation – consisting of chief executive officers, vice-presidents and managing directors of 13 different companies met the local business fraternities on a ‘Business to Business’ gathering to discuss trade and investments in Bengal. On Monday, Bengal Commerce and Industries Minister Dr Amit Mitra met the Chinese delegates. “They are interested to invest in the sectors of coal machinery and equipments, metallurgy, mining, electrical, chemical productions, pharmaceutical and medical equipments, biological equipments, hydropower and real estate materials,” Dr Mitra said. The Chinese delegation is interested in manufacturing, infrastructure, real estate and heavy machinery. The scenario of Bengal is business friendly and conducive for investment, the delegation thinks.. The Chinese Vice-President Li Yuanchao had met Chief Minister Mamata Banerjee in November 2015, and assured her to send a business delegation to the state. “Chinese Vice-President had met Chief Minister Mamata Banerjee and at the time had assured her to send a business delegation. With a focus on investment, the 13 companies from China have come to explore business opportunities in Bengal, whose aggregated turnover is USD 10 billion,” said Dr Mitra, adding that a delegation comprising top bosses of ‘Fortune 500’ companies is set to visit the state in November this year. Additionally, the Chinese delegation will have discussions with Bengal Industrial Development Corporation (WBIDC) and also visit a manufacturing zone at Burdwan’s Panagarh to get exact knowledge of investment opportunities in the state. “The Chinese delegation will visit the Matix factory at Panagarh. It will give them genuine knowledge of industrialisation in the state. As the first phase of its Panagarh urea plant is ready for commissioning, Matix

Fertilizers plans to invest Rs 6,500 Cr in the second phase of the project,” the State Commerce and Industries minister said. Dr Mitra said the Chinese companies have also shown their interest in the Micro, Small and Medium Enterprises (MSME) sector, which will be given support on behalf of the state government as per the industrial policy. The state has 6,000 acre of land in 23 industrial estates. “The huge trade deficit shows us that we should do more business with China,” Mitra added. “We have invited the Chinese delegation to attend the Bengal Global Business Summit and I hope they will take a firm decision on investments in the state. Chinese do not take much time. Many countries take time to research, Chinese are not like those. They are always quick to grab the opportunities,” Dr Mitra said.

বাংলায় িবিনেয়ােগ আগ্রহী িচেনর প্রিতিনিধ দল গতকাল িচন েথেক ২২ জেনর একিট িশল্প প্রিতিনিধ দল অিমত িমত্েরর সঙ্েগ ৈবঠক করেত আেসন। বাংলায় িশল্েপ িবিনেয়ােগর আদর্শ পিরেবশ ৈতরী হেয়েছ মমতা বন্েদাপাধ্যােয়র আমেলই, জানােলন িশল্প িবিনেয়ােগর সম্ভাবনা খিতেয় েদখেত আসা চীন প্রিতিনিধ দেলর েনতৃত্েব থাকা প্রিতিনিধরা। িচন েথেক আসা প্রিতিনিধরা জানান েয পশ্িচমবঙ্গ ক্রমশ উন্নিত কেরেছ। আেগর অবস্থার পিরবর্তন ঘিটেয় রাজ্য িবিনেয়ােগর উপযুক্ত হেয় উেঠেছ। রাজ্েযর িবিভন্ন িশল্প সম্ভাবনা খিতেয় েদখেত এেসেছন তারা। রাজ্েযর িশল্পমন্ত্রী ডঃ অিমত িমত্র এই সভার প্রিতিনিধত্ব কেরন। উপস্িথত িছেলন অর্থ দফতেরর িবিভন্ন আিধকািরকরা। িচন েথেক আসা প্রিতিনিধ দেলর পশ্িচমবঙ্গ সফর িনেয় উত্সাহী রাজ্েযর িশল্পপিত মহল। ধাতু িবদ্যা, খিনজ সরঞ্জাম এবং উত্পাদন িবষয়ক িবিভন্ন খােত িবিনেয়ােগর ইচ্ছা প্রকাশ কেরেছন দলিট।বাংলায় িশল্প িবিনেয়ােগর

রূপেরখা ৈতরী করেত তুমুল উত্সাহী িচন। এই প্রিতিনিধ দলেক উপযুক্ত জিম েদখেত পানাগড় িনেয় যাওয়া হয়।দুিদন ব্যাপী এই সফের তােদর চািহদা অনুযায়ী ল্যান্ড ব্যাংেক থাকা বািক জিমও েদখােনা হেব। ১৩িট িশল্প সংস্থার ১৯ জন প্রিতিনিধ এখােন আেসন। এই ১৩িট সংস্থার বার্িষক আয় ১০০০ েকািট ডলােরর েবিশ। ফরচুন ৫০০ নিথভুক্ত কেয়কিট চীনা সংস্থােক িনেয় আগামী অক্েটাবর মােস এই প্রিতিনিধদল আবার আসেবন। সাংিজ এনার্িজ গ্রুেপর পক্ষ েথেক জলিবদ্যুৎেত িবিনেয়ােগর আগ্রহ প্রকাশ করা হেয়েছ। িসচুয়ান চানেক ইন্ডাস্ট্িরয়াল েকাম্পািন িলিমেটেডর পক্ষ েথেক রাজ্েযর সঙ্েগ েমৗ সাক্ষের আগ্রহ প্রকাশ করা হেয়েছ। ক্রাউন ইনেভস্টেমন্ট েকাম্পািন িলিমেটেডর পক্ষ েথেক িরেয়ল এস্েটেট স্থানীয় িশল্পপিতেদর সঙ্েগ চুক্িতেত আগ্রহ প্রকাশ করা হেয়েছ।

Bengal CM to inaugurate Shreshtarghya – a cooperative for journalists today Bengal CM to inaugurate Shreshtarghya – a cooperative for journalists today

Bengal Chief Minister Mamata Banerjee will inaugurate a unique cooperative for the journalists of north Bengal, today at Siliguri. She has christened the cooperative as Shreshtarghya. The Chief Minister will today hand over the land documents for the Siliguri Journalists’ Club. She has allotted 5 kathas of land for the SJC at Kawakhali in the outskirts of Siliguri. West Bengal Government has already announced a health insurance scheme for journalists. The scheme has been named Mabhoi by the Chief Minister herself. The formal name of the scheme is West Bengal Health Scheme for Journalists, 2016. The scheme is applicable for all West Bengal Government-accredited journalists till the age of 65, including those who have retired. The Chief Minister will then visit Kalimpong where a number of Government programmes are lined up for the next day.

Digital Bengal Enlightment – Bengal Govt to set up digital libraries in each district Bengal Govt to set up digital libraries in each district

The work for setting up digital libraries in each district will start from November this year. The officers from the state library department are working hard to start the project in time. The digital library is an upcoming trend, as it reduces space crunch. It is actually the collection of documents in organised electronic form, available on the Internet or on CDROMs (compact-disk read-only memory) disks. Depending on the specific library, a user is able to access magazine articles, books, papers, images, sound files, and videos. The department is also taking several steps to revamp the State Central Library. A vision document of the Mass Education

Extension and Library department were made by the department.

রাজ্েযর প্রিতিট েজলায় িডিজটাল লাইব্েরির ৈতির করেছ রাজ্য সরকার প্রিতিট েজলায় িডিজটাল লাইব্েরির স্থাপেনর জন্য কাজ এই বছেরর নেভম্বর েথেক শুরু হেব। রাজ্য গ্রন্থাগার িবভােগর কর্মকর্তারা সময়মত প্রকল্প শুরু করার জন্য কেঠার পিরশ্রম করেছন। এই লাইব্েরিরর মাধ্যেম ইেলক্ট্রিনক্স ফর্েম নিথ সংগ্রহ করা হেব। এগুিল ইন্টারেনেট পাওয়া যােব। এছাড়া িসিড ফর্েমও পাওয়া সম্ভবপর হেব। একিট িনর্িদষ্ট লাইব্েরিরর ওপর িনর্ভর কের একজন পাঠক সবরকম পত্িরকা িনবন্ধ, বই, কাগজপত্র, ইেমজ, সাউন্ড ফাইল, এবং িভিডও ইত্যািদ সহেজই পােবন। রাজ্েযর েকন্দ্রীয় গ্রন্থাগারগুিল পুনর্গঠেনর জন্য িবিভন্ন পদক্েষপ গ্রহণ কেরেছ রাজ্য গ্রন্থাগার িবভাগ। গণিশক্ষা প্রসার ও গ্রন্থাগার িবভাগ একিট িভশন ডকুেমন্টও ৈতির কেরেছ।