\’Tips to Policyholders of LIC\’ (280 Words)

  • Enquire with your agent about new innovative plans devised by LIC. 
  • Intimate LIC of India your E-mail address, Telephone number, Mobile number and Fax number for faster communication on matters relating not only to your policy services like premium reminders, claim alerts but also to update you on new plan/ services being offered by LIC.  
  • Maturity proceeds can be reinvested in attractive products of LIC viz. investment oriented products like LIC\’s Market Plus, Profit Plus, LIC\’s Bima Nivesh, Bima Bachat or Pension Schemes like New Jeevan SurakshaI, LIC\’s Jeevan AkshayVI etc. 
  • In case of any complaint, the full policy details with the name of the servicing branch may be provided for quick disposal of the complaint.  
  • LIC has launched an Enterprise Portal where policyholder can register and get information about his policy as well as products of LIC on portal itself.  
  • Make use of various services available with the help of Information Technology initatives elaborated.  
  • Check the nomination status under the policy and intimate changes, if any, for speedy settlement of claims.  
  • Pay the premiums in time (wherever possible, using facility of Metro/ Wide Area Network/ Internet/ Online Payment/ ATM\’s of Corporation Bank and Axis Bank and ECS).  
  • Revive the policy in case it has lapsed, so that the valuable insurance cover is kept intact.  
  • Review periodically the insurance needs of self and the family so that adequate insurance protection is ensured.

\’Tips to Policyholders of LIC\’ (280 Words)

  • Enquire with your agent about new innovative plans devised by LIC. 
  • Intimate LIC of India your E-mail address, Telephone number, Mobile number and Fax number for faster communication on matters relating not only to your policy services like premium reminders, claim alerts but also to update you on new plan/ services being offered by LIC.  
  • Maturity proceeds can be reinvested in attractive products of LIC viz. investment oriented products like LIC\’s Market Plus, Profit Plus, LIC\’s Bima Nivesh, Bima Bachat or Pension Schemes like New Jeevan SurakshaI, LIC\’s Jeevan AkshayVI etc. 
  • In case of any complaint, the full policy details with the name of the servicing branch may be provided for quick disposal of the complaint.  
  • LIC has launched an Enterprise Portal where policyholder can register and get information about his policy as well as products of LIC on portal itself.  
  • Make use of various services available with the help of Information Technology initatives elaborated.  
  • Check the nomination status under the policy and intimate changes, if any, for speedy settlement of claims.  
  • Pay the premiums in time (wherever possible, using facility of Metro/ Wide Area Network/ Internet/ Online Payment/ ATM\’s of Corporation Bank and Axis Bank and ECS).  
  • Revive the policy in case it has lapsed, so that the valuable insurance cover is kept intact.  
  • Review periodically the insurance needs of self and the family so that adequate insurance protection is ensured.

Fuel conservation mega campaign of PCRA Saksham 2020 launched

Saksham’, an annual one-month long fuel conservation mega campaign of Petroleum Conservation Research Association (PCRA) under the aegis of Ministry of Petroleum and Natural Gas, was launched today by Dr. M.M Kutty, Secretary, Ministry of Petroleum& Natural Gas in a function held in Delhi.

Dr. M.M Kutty, during his address, emphasized the importance of petroleum products for our country and the dire need for actions leading towards fuel conservation.  He stressed upon the importance of programs like Saksham wherein general public is involved in various activities. He said “Prosperity and higher living standards are driving energy demand in India.  By mid 2020s India will be the world’s largest growth market accounting for 25% of global energy demand growth.Today 83% of India’s crude oil requirement is met through import. The earnest efforts for petroleum conservation can help us to reduce the huge import burden.  Every drop of oil saved will contribute to saving of foreign exchange.  We also require to address the issues of climate change.  Through SAKSHAM we intend to deliver a strong message that sustainable future demands conservation of natural resources. “

 

 

The Secretary gave away the prizes to the winners of Essay, Quiz and Painting competitions for the National Level Competition-2019 which has seen a phenomenal record participation of more than 1.48 Crore students from school of all education boards of the country. The winners get Japan Study tour, Laptops, Tablets &Cash prizes and the win may help in motivating the youth of our country towards understanding their critical role in spreading the awareness about fuel conservation. The awards were also given away to the oil companies and their state level coordinators for their contribution in the fields of fuel conservation. The winning entries of the painting competition displayed in the gallery on the occasion amazed the dignitaries for the wonderful ideas and creativities depicted in the paintings.

 

On this occasion, the secretary also flagged-off the publicity vans of PCRA which shall visit different states covering the rural side as well, spreading messages about fuel conservation awareness through interactive audio, video creatives and print displays.

 

During Saksham-2020, various interactive programs and activities are being planned by PCRA. Public Sector upstream/downstream Oil & Gas companies under the able guidance of Ministry of Petroleum and Natural Gas are conducting various activities like ‘Saksham’ Cycle Day, Cyclothons, Workshops for drivers of commercial vehicles, Seminars for housewives/cooks on adopting simple fuel saving measure, Nationwide campaign through Radio, TV, Digital Cinemas, Outdoor etc. with a focus on reaching out to various segments of fuel users. PCRA is effectively utilizing the social media platforms for various customized campaigns through Facebook, Twitter, MyGov platform an endeavour to spread its reach amongst the masses.

‘Saksham’ a flagship program of PCRA and Oil PSUs under the guidance of Ministry of Petroleum and Natural Gas is an initiative for adding values to the various efforts being made in the country for saving fuel.

 

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Minister of State for HRD Shri Sanjay Dhotre concludes His 5-day tour to North-East, West Bengal and Odisha

Minister of State for Human Resource Development (HRD), Communications and Electronics and Information Technology concluded his five-day tour of Assam, Tripura, West Bengal, and Odisha with a visit to the Jawahar Navodaya Vidyalaya (JNV) Cuttack, Odisha. He interacted with students and teachers of the school on different aspects of students’ life in the school, and also had lunch with them. The Minister told the students not to take pressure of any exam and enjoy their childhood, with curisosity towards their surroundings. He also told the students to watch Pariksha Pe Charcha on 20th Jan 2020 at 1100 am, wherein the  Prime Minister will have interaction with school students from across the country on the issues related to examination.

During this interaction, the Minister also spoke about India’s diverse culture and importance of ‘Unity in Diversity’ and highlighted Ek Bharat Shreshtha Bharat campaign among the students. Odisha is paired with Maharashtra under the Ek Bharat Shreshtha Bharat campaign. He exhorted the students to become the active agents in the protection of environment, and to avoid using ‘Single-use Plastic’.

During this tour, the Minister also visited Kendriya Vidylayas at Guwahati and Agartala and interacted with the students and teachers. He also visited India’s Monsoon monitoring ST RADAR of SAMEER at Guwahati and subsequently IIT Guwahati and reviewd its functioning.

He also chaired a conference of all NITs in North East at Agartala, Tripura and interacted with Directors of all NITs in North East on technology start-ups and entrepreneurship, for better future prospects for youth of North-East India. The conference was also attended by senior officials of Ministry of Electronics and IT, and its organisations  Software Technology Parks of India (STPI) and National Institute of Electronics and Information Technology (NEILIT)

During this tour, he also reviewed the progress of improvement in mobile coverage in remote areas of North-East India, status of broadband connectivity in villages, and functioning of Postal Banks and other activities of Department of Posts in the North East. Subsequently, he also visited C-DAC (Centre for Development of Advanced Computing) at Kolkata and reviewed the products developed by it for improving the life of common man. In Bhubaneswar, he visited NIC Data Centre and reviewed its functioning.

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Minister of State for HRD Shri Sanjay Dhotre concludes His 5-day tour to North-East, West Bengal and Odisha

Minister of State for Human Resource Development (HRD), Communications and Electronics and Information Technology concluded his five-day tour of Assam, Tripura, West Bengal, and Odisha with a visit to the Jawahar Navodaya Vidyalaya (JNV) Cuttack, Odisha. He interacted with students and teachers of the school on different aspects of students’ life in the school, and also had lunch with them. The Minister told the students not to take pressure of any exam and enjoy their childhood, with curisosity towards their surroundings. He also told the students to watch Pariksha Pe Charcha on 20th Jan 2020 at 1100 am, wherein the  Prime Minister will have interaction with school students from across the country on the issues related to examination.

During this interaction, the Minister also spoke about India’s diverse culture and importance of ‘Unity in Diversity’ and highlighted Ek Bharat Shreshtha Bharat campaign among the students. Odisha is paired with Maharashtra under the Ek Bharat Shreshtha Bharat campaign. He exhorted the students to become the active agents in the protection of environment, and to avoid using ‘Single-use Plastic’.

During this tour, the Minister also visited Kendriya Vidylayas at Guwahati and Agartala and interacted with the students and teachers. He also visited India’s Monsoon monitoring ST RADAR of SAMEER at Guwahati and subsequently IIT Guwahati and reviewd its functioning.

He also chaired a conference of all NITs in North East at Agartala, Tripura and interacted with Directors of all NITs in North East on technology start-ups and entrepreneurship, for better future prospects for youth of North-East India. The conference was also attended by senior officials of Ministry of Electronics and IT, and its organisations  Software Technology Parks of India (STPI) and National Institute of Electronics and Information Technology (NEILIT)

During this tour, he also reviewed the progress of improvement in mobile coverage in remote areas of North-East India, status of broadband connectivity in villages, and functioning of Postal Banks and other activities of Department of Posts in the North East. Subsequently, he also visited C-DAC (Centre for Development of Advanced Computing) at Kolkata and reviewed the products developed by it for improving the life of common man. In Bhubaneswar, he visited NIC Data Centre and reviewed its functioning.

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Shri Amit Shah presides over signing of Historic Agreement to end the Bru-Reang Refugee Crisis; Around 34,000 Internally Displaced People to be settled in Tripura

Union Minister for Home Affairs, Shri Amit Shah presided over the signing of an agreement between Government of India, Governments of Tripura and Mizoram and Bru-Reang representatives in New Delhi today, to end the 23-year old Bru-Reang refugee crisis. Present on the occasion were Chief Minister of Mizoram, Shri Zoramthanga, CM of Tripura, Shri Biplab Kumar Deb, Chairman, NEDA, Shri Himanta Biswa Sarma, Chairman, TIPRA, Shri Pradyot Kishore Debbarma, representatives of Bru tribes, along with senior officers.

 

BRU1.jpg

 

This historic agreement is in line with PM Modi’s vision for the progress of the North East and the empowerment of the people of the region. Ever since taking office, PM Modi has initiated numerous policy level interventions that have improved infrastructure, connectivity, economic growth, tourism and social development of the region.

Briefing the media, Shri Shah said that under the dynamic leadership of Prime Minister Shri Narendra Modi a permanent solution has been arrived to this long standing issue of rehabilitating thousands of Bru-Reang people in Tripura and they can now look towards a bright future. Under the new agreement, he informed, around 34,000 Bru refugees will be settled in Tripura and would be given aid from the Centre to help with their rehabilitation and all round development, through a package of around Rs 600 crores. These people would get all the rights that normal residents of the States get and they would now be able to enjoy the benefits of social welfare schemes of Centre and State governments. The settlement has been reached after detailed discussions held by Union government with the State governments of Mizoram and Tripura and the representatives of Bru tribes and it was decided that the Bru refugees, he added.

 

BRU2.jpg

 

The Home Minister informed that under the new arrangement, each of the displaced families would be given 40×30 sq.ft. residential plots, in addition to the aid under earlier agreement of a fixed deposit of Rs. 4 lakhs, Rs. 5,000 cash aid per month for 2 years, free ration for 2 years and Rs. 1.5 lakhs aid to build their house. The government of Tripura would provide the land under this agreement.

Shri Shah mentioned about how the North East is being put on the track of fast paced development under the leadership of Shri Narendra Modi. He talked about the recent surrender of 88 armed insurgents of the NLFT(SD) group and assimilating them into the mainstream. This major step, along with the Bru-Reang agreement today, is important milestones in bringing fast paced development to the State of Tripura. Soon, a lasting peace would be established in the whole of the North East under Prime Minister’s leadership, he added.

 

Background

In 1997, following ethnic tension, around 5,000 families comprising around 30,000 Bru-Reang tribals were forced to flee Mizoram and seek shelter in Tripura. These people were housed in temporary camps at Kanchanpur, in North Tripura.

Since 2010, Government of India has been making sustained efforts to permanently rehabilitate these refugees. The Union government has been assisting the two State governments for taking the care of the refugees. Till 2014, 1622 Bru-Reang families returned to Mizoram in different batches.

On 3rd July, 2018, an agreement was signed between the Union government, the two State governments and representatives of Bru-Reang refugees, as a result of which the aid given to these families was increased substantially. Subsequently, 328 families comprising of 1369 individuals returned to Mizoram under the agreement. There had been a sustained demand of most Bru-Reang families that they may be allowed to settle down in Tripura, considering their apprehensions about their security.

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Ladakh Food Processing Summit gathers huge participation

Ladakh Food Processing Summit “Building Partnerships for Inclusive Growth in Food Processing Sector” was organised by the Department of Industries & Commerce, Ladakh in partnership with the Ministry of Food Processing Industries, Government of India and Invest India, the national investment promotion & facilitation agency, in Leh today.

The summit was inaugurated by Ms. Reema Prakash, Joint Secretary, Ministry of Food Processing Industries, GoI joined by Secretary, Industries & Commerce, Mr. Saugat Biswas. The primary objective of this summit was to carry out a value chain mapping of food processing in Ladakh and to recommend strategies for integrating local population into food processing and agriculture activities, to maximize the potential of this sector.

inauguration.jpg

The summit was attended by food producers of Ladakh specially, apricots, barley, seabuckthorn, organic vegetables, peas, apples, milk and meat both from Leh and Kargil district. Apart from officers from MoFPI, technology experts from NITFAM, IIFPT, Banks working in Ladakh, and also buyers from the Army participated in the summit.

During the inauguration, Secretary Industries & Commerce, Ladakh said that the Administration of UT Ladakh is making efforts to give a fillip to the food processing industry in Ladakh. He said that food production added with value will reap maximum benefit for the local growers. He mentioned about the vision of the Lieutenant Governor of Ladakh to promote local population by providing the platform to boost their interest and talent through expert guidance from Government of India and supporting agencies.

Addressing the gathering, Ms.Reema Prakash explained about the role of Ministry of Food Processing in ensuring value addition of produces through food processing schemes and programs. She said that the Ministry is focusing on promoting food processing in UT of Ladakh for both Leh and Kargil. She informed about the prepared Ladakh Action Plan for Food Processing Industries in consultation with the local stakeholders and stressed on endeavors to ensure actionable steps at ground level. She expressed her hope towards a positive outcome in developing food processing units in Ladakh, with maximum benefit for the locals.Though almost sixty producers from Kargil district participated through video conference, a separate workshop will be organized specific to Kargil in the coming months Biswas informed.

Director Industries & Commerce Ladakh, Moses Kunzang highlighted the existing issues, potentials and requirements of industries in Ladakh, through a detailed power point presentation. He said that this summit is the first in a series of steps necessary to fulfill the overall goal and as a next step the Ministry of Food Processing Industry, along with appropriate agencies will develop implementation plans for the critical areas identified.

Invest India presented on various schemes available under the Ministry of Food Processing Industries to support the sector followed by presentations by representatives from National Institute of Food Technology and Entrepreneurship Management (NIFTEM), Indian Institute of Food Processing Technology (IIFPT) for providing required technical and skilling expertise.

An open house question answer session was also held wherein the local participants shared their doubts and problems. Ides for marketing promotion and financing were also shared by Invest India and officials from J&K bank.

The summit was attended by around 170 participants including government officers, senior procurement officers from Indian Army, bankers, farmers, entrepreneurs, cooperatives, bakers, dairy farmers and unemployed youths.

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Exchange Rates Notification No.05/2020 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.01/2020-CUSTOMS (N.T.), dated 2nd January, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  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  January, 2020, 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 Exported Goods)
1. Australian Dollar 50.10 47.90
2. Bahraini Dinar 194.00 181.95
3. Canadian Dollar 55.30 53.30
4. Chinese Yuan 10.45 10.15
5. Danish Kroner 10.75 10.40
6. EURO 80.50 77.55
7. Hong Kong Dollar 9.30 8.95
8. Kuwaiti Dinar 240.95 225.95
9. New Zealand Dollar 48.30 46.10
10. Norwegian Kroner 8.15 7.85
11. Pound Sterling 94.05 90.75
12. Qatari Riyal 20.10 18.85
13. Saudi Arabian Riyal 19.50 18.30
14. Singapore Dollar 53.55 51.70
15. South African Rand 5.10 4.75
16. Swedish Kroner 7.60 7.35
17. Swiss Franc 74.95 72.00
18. Turkish Lira 12.40 11.65
19. UAE Dirham 19.90 18.65
20. US Dollar 71.65 69.95

 

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 65.65 63.20
2. Korean Won 6.30 5.90

 

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World Bank and Government of India Sign $88 million loan agreement for the implementation of Assam Inland Water Transport Project

The Government of India, the Government of Assam and the World Bank signed a loan agreement of $88 million here today to help modernize Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra.

A majority of Assam’s more than 361 ferry routes cross the Brahmaputra or serve its islands, providing a crucial means of transport to thousands of commuters in both the urban and rural areas of the Brahmaputra Valley. The Assam Inland Water Transport Project (AIWTP) will help Assam improve the passenger ferry infrastructure and its services and strengthen the capacity of the institutions running the inland water transport. Technically better designed terminals and energy-efficient vessels (both new and retrofitted) will make the ferry services more sustainable with least disruption to nature.

Shri Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, said that India’s large network of inland waterways can play a significant role in the country’s economy. Its fuel efficiency contributes to lower operating costs and reduces environmental impact. He further said that in Assam, the rivers are a vital transport asset for its people. The Assam Inland Water Transport Project will help develop a modern, efficient and safe river transport system for the large volume of passengers and cargo carried by the vessels.

The loan agreement was signed by Shri Khare, on behalf of Government of India and Mr Junaid Kamal Ahmad, Country Director (India), World Bank on behalf of the World Bank.

Whereas, the Project Agreement was signed by Shri Adil Rashid, Commissioner (Assam Transport) and State Project Director on behalf of Government of Assam and Mr Kamal Ahmad on behalf of the World Bank.

Mr Kamal Ahmad said that Assam has the largest network of navigable waterways in India. The Government of Assam has taken on the challenge of modernizing the ferries sector which, though vital to the state, remains largely informal. He further said that with World Bank support, the government is creating an institutional framework that will mainstream Inland Waterways as a mode of transport that is both attractive and well-suited to a wide cross-section of people living in the Brahmaputra Valley of Assam.

The project will support the Government of Assam’s efforts to corporatise its own ferry activities. The Assam Shipping Company (ASC) will operate the government ferries and the Assam Ports Company (APC) will provide terminals and terminal services on a common-user basis to both public and private ferry operators.

Inland Water Transport is also a more sustainable mode of transport. It provides low-carbon and low-cost options when compared to the cost of constructing and maintaining flood-resilient roads and bridges across the long stretches of the Brahmaputra river.

Shri Atul Agarwal, Senior Transport Specialist and Mr Ninan Oommen Biju, Senior Port Specialist and World Bank’s Task Team Leaders for the project said that Assam’s ferry services are integral to the lives of the people living in the Brahmaputra valley of Assam, providing them with connectivity, mobility, and livelihoods, adding, that with better navigation aids, appropriate safety gear and more suitable marine engines, the ferry services are expected to get more reliable and safer.

The project will also help build modern ferry terminals. In doing so, the project will draw guidance from ‘working with nature’ principles that aim to design new infrastructure or rehabilitate existing infrastructure in a way that works with natural river processes.

Today, a quarter of all ferry passengers in the state are women and girls. The ferry terminals have few facilities, with limited seating (if any), or toilets or drinking water and most waiting areas are mostly overcrowded. Traveling on the vessels can be uncomfortable and difficult, particularly for women, children, older people, and for the differently-abled. The project will improve facilities for people using the ferry services and give special attention to the safety and security of women and girls.

The terminals will have better access, lighting and signages while the new vessels will allow for individual seats, and separate toilets. Moreover, a strengthened regulatory regime will ensure reduction in overloading, adherence to time schedule and better crew standards.

Loan of $88 million from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 14.5 years including a grace period of five years.

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Raksha Mantri Shri Rajnath Singh flags off 51st K9 VAJRA-T Gun from L&T Armoured System Complex in Gujarat

Raksha Mantri Shri Rajnath Singh flagged off 51st K9 VAJRA-T Gun from Larsen & Toubro (L&T) Armoured System Complex at Hazira in Gujarat today. Addressing a gathering on the occasion, Raksha Mantri called for active participation of the private sector in defence manufacturing, reaffirming the Government’s commitment to make India an arms manufacturing hub and net defence exporter. While Shri Rajnath Singh acknowledged the increasing participation of the private industry in defence production, he stressed that a lot still needs to be done to make India a global defence manufacturing hub.

“Our Government is open to new ideas and is determined to use the energy, entrepreneurship spirit and enterprise of the private industry in the defence sector,” Raksha Mantri said. He assured that the Government will make all efforts to remove any roadblocks and work together to achieve the goal of indigenisation and self-reliance in defence sector.

Shri Rajnath Singh also listed out various far reaching reforms introduced by the Government under the ‘Make in India’ initiative to achieve $26 billion defence industry by 2025 and provide employment to 2-3 million people. “We wish to create an ecosystem that provides a platform to both public sector and private sector to work together and contribute to nation building through their strengths and experiences,” he added.

Some of the reforms highlighted by Raksha Mantri include setting up of Defence corridors in Uttar Pradesh and Tamil Nadu; simplification of industry licensing process; increase in Foreign Direct Investment (FDI) cap; steps to promote defence exports; streamlining of Defence offsets policy; establishing Defence Investor Cell; providing Government-owned trial and testing facility to the private sector and schemes for startups and small & medium enterprises to promote innovation. He also mentioned that the Strategic Partnership (SP) model has been introduced in the Defence Production Policy under which private sector will be able to manufacture fighter aircraft, helicopters, submarines and armoured vehicles and emerge as global giants. Shri Rajnath Singh commended L&T for ensuring their participation under the SP model.

Raksha Mantri expressed satisfaction on his visit to the Armoured System Complex, saying that the facility is a strong example of ‘Naye Bharat ki Nayi Soch’. He added that the goal of modernisation and indigenisation in defence under ‘Make in India’, conceptualised by Prime Minister Shri Narendra Modi, has started to take shape. Shri Rajnath Singh termed K9 VAJRA-T Gun as the best example of ‘Make in India’ in Defence. “I have been told that more than 75 per cent of K9 Vajra has been manufactured in India. Over 5,000 people have got direct employment and more than 12,500 indirect employment through this complex. It is a matter of great pride,” he said. Raksha Mantri congratulated L&T for delivering 51 of the 100 orders it received for K9 Vajra ahead of schedule.

L&T Defence is currently executing the ‘K9 VAJRA-T’ Tracked, Self-Propelled Howitzer Guns program – the contract awarded to the company by Ministry of Defence through global competitive bidding.

L&T Group Chairman Shri AM Naik and officials of L&T and Ministry of Defence were present on the occasion.

IAF Rescues More than 107 Individuals from the Frozen Zanskar River in the UT of Ladakh

50 trekkers including nine foreign nationals and approximately equal number of local guides and porters, who were a part of the ongoing ‘Chadar Trek’, got stranded when some portions of the frozen Zanskar River melted. The melting caused the flow of the water to become too strong, for the trekkers to continue across the river on foot. The stranded trekkers managed to move to Niraq, a small camp site upstream and were awaiting to be rescued. To carry out a rescue by helicopters, a makeshift helipad was prepared along the river bank. ALH helicopters were immediately pressed into action from AF Stn Leh.

IAF’s helicopters have rescued 107 individuals during the last two days.The rescued trekkers include one male and one female from France and four male and three females from People’s Republic of China, who as per the information were rescued from Padum. IAF will continue the ongoing rescue operation till all the stranded trekkers, guides and porters are evacuated and brought to safety. Additionally, in order to provide medical facilities to the stranded trekkers a medical officer and a medical assistant were also flown from AF Stn Leh to Niraq. The team has setup a medical assistance camp at Niraq and are providing basic medical assistance to the stranded trekkers.

The operations were undertaken by IAF in close coordination with Ladakh’s newly formed Civil Administration, nearby Indian Army units and local Disaster Relief Teams.

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IBBI amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2020 on 15th January. 2020.

The aforesaid amendment provides that a Liquidator shall deposit the amount of unclaimed dividends, if any, and undistributed proceeds, if any, in a liquidation process along with any income earned thereon into the Corporate Voluntary Liquidation Account before submission of an application for dissolution of the corporate person. It also provides a process for a stakeholder to seek withdrawal from the Corporate Voluntary Liquidation Account.

The amended regulations are effective from today. These are available at http://www.mca.gov.in and www.ibbi.gov.in.

 

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1ST Session of India-Norway Dialogue on Trade & Investment Held in New Delhi

The first Session of India-Norway Dialogue on Trade & Investment (DTI) was convened in New Delhi on 15-16 January, 2020. The session was based on the Terms of Reference (ToR) signed between India and Norway on 8th January, 2019 in New Delhi, during the visit of Prime Minister of Norway.  This was the first meeting after the signing of DTI.

The first Session was preceded by an industry interaction on 15th January, 2020 with the representatives from Indian industry, where discussions were held on various areas of mutual interest likeblue economy, shipping & maritime, ICT, renewable energy, fisheries and MSME.  Both sides exchanged views on investment opportunities available in the respective countries as also the facilitations being extended by respective Governments for creating attractive investment environments.Presentations were also made by the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and Invest India.Representativesfrom the Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian Industry (CII),fisheries,ICT, renewable energy, electrical equipment, IT and solar energy sectorsparticipated in the industry interaction. The Department for Promotion of Industry and Internal Trade (DPIIT) and the Department of Economic Affairs highlighted various policy initiatives of the Government for promoting investment in the country.

The main session on 16th January, 2020 was co-chaired by Joint Secretary, Department of Commerce, Nidhi Mani Tripathi, and Director General, Ministry of Trade, Industry and Fisheries, Mr. ErlingRimestad.The Indian side was represented by officers from Departments of Commerce, DPIIT, Fisheries, Chemicals & Petrochemicals, Economic Affairs, Ministries of External Affairs, Food Processing, Micro, Small and Medium Enterprises,New and Renewable Energy, Power, Science and Technology, Shipping, Tourism and Skill Development & Entrepreneurship.

Cumulative FDI equity inflows to India from Norway during April, 2000 to September, 2019 were around USD257 million. While economic exchanges between India and Norway remain satisfactory, there are ample opportunities for further intensification and diversification in mutually beneficial areas and their complementarities.

Both sides noted that the dynamic nature of commercial exchange between the two countries will result in increasing number of companies interested in establishing and gaining access to the markets in India and Norway.

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India and Bangladesh hold Commerce Secretary level meeting in New Delhi

The Commerce Secretary level meeting between India and Bangladesh was held in New Delhi on 15-16 January 2020. The Indian delegation was led by Commerce Secretary, Government of India, Anup Wadhawan and the Bangladesh delegation was led by Secretary, Ministry of Commerce, Government of Bangladesh, Dr. Md. Jafar Uddin.

Both sides held extensive discussions on a variety of issues of mutual interest, like Border Haats, joint study for the proposed Comprehensive Economic Partnership Agreement, India-Bangladesh CEOs’ Forum, sharing of trade data, regional connectivity initiatives, harmonization of standards, upgradation of border trading infrastructure and facilitation of  business visas.

The meeting was preceded by the 12th meeting of the Joint Working Group (JWG) on Trade, at the level of Additional Secretaries of the Ministry of Commerce and Industry, India and Ministry of Commerce, Bangladesh on 13-14 January 2020 in New Delhi. Technical discussions were held in detail on various areas of mutual interest in trade and commerce.

It was agreed that the next meetings of the Commerce Secretaries and the JWG will be held in Bangladesh, at mutually convenient dates.

 

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India and Bangladesh hold Commerce Secretary level meeting in New Delhi

The Commerce Secretary level meeting between India and Bangladesh was held in New Delhi on 15-16 January 2020. The Indian delegation was led by Commerce Secretary, Government of India, Anup Wadhawan and the Bangladesh delegation was led by Secretary, Ministry of Commerce, Government of Bangladesh, Dr. Md. Jafar Uddin.

Both sides held extensive discussions on a variety of issues of mutual interest, like Border Haats, joint study for the proposed Comprehensive Economic Partnership Agreement, India-Bangladesh CEOs’ Forum, sharing of trade data, regional connectivity initiatives, harmonization of standards, upgradation of border trading infrastructure and facilitation of  business visas.

The meeting was preceded by the 12th meeting of the Joint Working Group (JWG) on Trade, at the level of Additional Secretaries of the Ministry of Commerce and Industry, India and Ministry of Commerce, Bangladesh on 13-14 January 2020 in New Delhi. Technical discussions were held in detail on various areas of mutual interest in trade and commerce.

It was agreed that the next meetings of the Commerce Secretaries and the JWG will be held in Bangladesh, at mutually convenient dates.

 

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MM/ SB