The Union Cabinet has approved the proposal of Ministry of Agriculture, Department of Agricultural Research and Education for the establishment of Indian Institute of Agricultural Biotechnology at Ranchi (Jharkhand) at a cost of Rs. 287.50 crore during the 12th Five year plan.
The Indian Institute of Agricultural Biotechnology (IIAB) at Ranchi (Jharkhand) will be established as a deemed University with the following schools:
School-I School of Genomics
School-II School of Bioinformatics
The Union Cabinet today approved the proposal to exercise the option by the Government to convert Rs.400 crore and Rs.523 crore Optionally Convertible Debentures (OCDs) held by Government of India in IFCI into equity at par. The conversion option will be exercised immediately.
Only one instance of attempted hacking on computers belonging to Defence sector has come to notice in the past three years. There were intelligence reports in November 2011 about the probable compromise of computers of Eastern Naval Command based in Visakhapatnam. However, none of these computers were found to be compromised. The Defence Services have a robust defensive mechanism in place.
The amount spent on Capital acquisition from indigenous and foreign sources during the last three years and the current year is as follows:
(Rs. in crores)
Based on the investigation carried out by the Enforcement Directorate (ED), the adjudicating authority has issued Show Cause Notices under Foreign Exchange Management Act, 1999 (FEMA) to BCCI & its officials for the contraventions of the relevant provisions of the said Act as per details below:-
11 Show Cause Notices issued involving an amount of Rs.1317.20 Crore in the year 2011.
01 Show Cause Notice issued involving an amount of Rs. 106 Crore in the year 2012.
An International Centre for Human Development to be set up in India will support efforts by governments of the South to integrate human development approaches to ensure improved development outcomes for poor and marginalized people. As Governments of the South are increasingly dealing with the multiple challenges of changing aspirations of citizens, rapidly globalizing economy, environmental sustainability, and rising inequality, this Center is designed to provide new approaches and solutions.
The High Level Committee on External Commercial Borrowings (HLCECB) met today and the following decisions were taken:
a. SIDBI will be permitted as an eligible borrower for accessing ECB for on-lending to MSME sector subject to certain conditions which will be finalized in consultation with the RBI.
The Government has taken several policy measures from time to time to increase the availability of institutional credit to farmers. These inter-alia include the following:
The Agriculture Debt Waiver and Debt Relief Scheme, 2008 was implemented by Public Sector Banks, Private Sector Banks, Cooperative Banks, Local Area Banks and Regional Rural Banks. The Debt Waiver portion of the Scheme closed on 30.6.2008. The Debt Relief portion of the Scheme closed on 30.6.2010.
Under the Scheme, Rs.52,275.55 crore have been released by the Government through Reserve Bank of India and National Bank for Agriculture and Rural Development to give benefit to 3.45 crore farmers.
Department of Industrial Policy and Promotion(DIPP), vide Press Note No. 3(2012 Series) dated 1st August, 2012 reviewed the FDI Policy and decided to permit a citizen of Pakistan or any entity incorporated in Pakistan to make investments in India, under the Government route, in sectors/activities other than defence, space and atomic energy.
India has signed Agreement on Trade in Goods under the broader framework of Comprehensive Economic Cooperation Agreement (CECA) with Association of South East Asian Nations (ASEAN) comprising Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. India has also signed bilateral CECA with Singapore and Malaysia.
It is the endeavour of Coal India Ltd. (CIL) to introduce innovative and modern technologies to improve productivity in various subsidiary companies including Mahanadi Coalfield Ltd. (MCL). At the planning stage of Underground Mines based on the techno-economic feasibility, priority is given to adopt Powered Support Long-Wall (PSLW) Technology or Continuous Miner (CMs) Technology or other appropriate technologies like Blasting Gallery Technology with remote controlled Load Haul Dumpers (LHDs), Highwall Technology etc.
The Coal India Limited (CIL) has floated an Expression of Interest (EOI) for selection of a consultant to assess the extent of illegal mining in the lease-hold areas of Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL) & Eastern Coalfields Limited (ECL) on 30.4.2012. No response has been received to the above mentioned EOI.
The National Mission on Food Processing has started functioning for preparatory activities, from 1.4.2012. Action for starting the implementation of schemes through the NMFP is under consideration of the Government.
In order to address the constraints limiting the productivity of rice based cropping systems in eastern India, the Government launched a programme namely 'Bringing Green Revolution in Eastern India (BGREI)' during the year 2010-11. It is a sub scheme of Rashtriya Krishi Vikas Yojana (RKVY) and is being implemented in seven States viz. Assam, Bihar, Chhattisgarh, Jharkhand, Odisha, Eastern Uttar Pradesh and West Bengal.