Shri Piyush Goyal , Minister of State for Power (Independent charge) reviewed here today the situation arisen out of load interruption in Northern Grid during fierce storm in the capital and adjoining states yesterday with senior officers including the Secretary Power, Chief Secretary Govt. of Delhi, officials of DTL, DISCOMs of Delhi, CEA, POWERGRID & Power System Operation Corporation (POSOCO), etc.
Yesterday between 16:00hrs to 19:00hrs, Northern Grid experienced a heavy demand crash from due to rain, dust/thunder storm and wind speeds exceeded 75kmph in Delhi, UP, Haryana & Uttarakhand regions. As a result, 68 AC transmission lines including one HVDC Bi-pole tripped. The load loss was at the rate of 200MW per minute resulting in a Northern grid load loss of about 8,000MW including 3,500 MW in Delhi.
Corrective actions taken
Based on the 2 hourly NOWCAST weather reports of IMD, all states and generating stations were alerted about the likelihood of the storm timely and advised on corrective action. As a result all generating stations and state load despatch centres cooperated to combat the situation in the real time. Out of 68 lines tripped during the incident, 49 lines have been restored, including the HVDC line and supply has been restored gradually in all the states.
In Delhi, the restoration of lines was taken up on war footing level and top most priority accorded for restoring power emergency services such as Hospitals, Delhi Metro, water treatment plants and NDMC area. Presently, about 3,800 MW load is being met. There is a load restriction of about 200 MW in Pappankala, Gopalpur & Rohini areas of Delhi.
Assistance has been provided to Delhi through Emergency Restoration System (ERS) for early restoration of affected lines especially three 220kV lines, Mandola – Gopalpur, Bamnauli – Pappankalan and Bawana – Rohini, which are affecting the power supply in Northern Delhi region. The Minister has assured all possible help to Delhi in early restoration of the lines and directed POWERGRID to extend all co-operation in this regard.
Shri Goyal also commended the officials of Ministry of Power, Load Despatch centres and Utilities, Govt. of NCT of Delhi for their herculean efforts throughout the night to combat the unexpected situation. He took stock of disaster recovery mechanisms and rapid action response measures. He directed that more ERS equipment should be maintained by all the states and central utilities to reduce the outage time and suffering of the people. He also advised Delhi govt. / central Govt. officials to disseminate information to public through web-site and social media about the outages and likely time of interruptions to reduce the inconvenience to the public.
The Delhi University Vice-Chancellor owes a public explanation on how and at which level the decision to suspend five officials of the University’s School of Open Learning was taken.
The Aam Aadmi Party (AAP) is of the view that the University’s decision seriously compromises its autonomy and it is surprising that admission documents have been treated as confidential by the authorities to act in a completely unjustified manner against these officials.
The Vice Chancellor needs to explain what was the basis of the decision to suspend these officials ? Had any inquiry been conducted ? Who ordered the inquiry and what were its terms of reference ? Can an inquiry be completed within hours of a nws item appearing in a newspaper ?
Is it a case of the University authorities trying to please the new political masters since the matter pertained to the new union human resources development minister personally ?
It is shocking that the Delhi University authorities acted with lightning speed against the officials and it is beyond any reasonable understanding that they were suspended within hours of a news item having been published in a newspaper about the admission card of the HRD minister Ms Smriti Irani. It appears that in a desperate bid to score brownie points with the new regime at the Centre, the University authorities seem to have taken an arbitrary decision, which is against the very principle of natural justice.
The Vice-Chancellor, instead of promoting and encouraging transparency, appears to be hell bent on getting into the good books of the political masters in the new regime.
A prestigious institution like the DU cannot be allowed to become a centre of political patronage and when the HRD minister herself has publicly stated that these officials should be reinstated, it becomes extremely important for the Vice Chancellor to come clean on the whole issue and let the students, academic community and the people know what actually led to the arbitrary and unjustified suspension of these officials.
AAP Media Cell
Friday’s storm exposes all claims
The loss of atleast nine innocent lives and largescale destruction caused by the sudden thunderstorm on Friday raises serious questions about the preparedness of the civic agencies in the national capital in dealing with such emergency situations created by natural disasters of any nature.
The Aam Aadmi Party (AAP) condoles these untimely and sudden deaths and demands adequate steps to compensate their families who have lost their beloved ones for no fault of theirs. The administration must also ensure relief and rehabilitation of the affected families.
It is very surprising that the New Delhi Municipal Council (NDMC) and the Municipal Corporation of Delhi (MCD) have been found wanting in dealing with such situations, and even storms of such minor intensity can throw life out of gear in the country’s capital.
Parts of the city remained without electricity for nearly 24 hours and it is beyond any reasonable understanding that who will take responsibility for the large-scale inconvenience caused to the people.
The AAP questions the state of affairs in the capital and wants to know from those running the city’s administration that who will be held accountable for the hardships faced by the public for no fault of theirs ?
A single thunderstorm which did not last for a long time has exposed the claims of those running the administration and civic agencies that everything was on track.
All possible steps should be immediately taken to ensure that such a sorry state of affairs is not repeated again. The images of uprooted trees across the city, metro trains being disrupted, ATMs not functioning, no electricity in several parts and massive traffic jams – will keep reminding the people about the nightmare faced by them on Friday evening.
AAP Media Cell
The knockout stages have begun in the 65th National Basketball Championship for Junior Men and Women 2014 underway at the Rajiv Gandhi Indoor Stadium in Kochi.
Morning Results from Day 6 (31/5/14)
1) Kerala (Akhil AR 25, Prem Prakash 20, Sito M 14) bt Andhra Pradesh (Harsha 17, Peter 13, Neeraj 12) 91-65 [8-15; 35-12; 26-19; 22-19]
2) Rajasthan (Mahipal Singh 30, Akhilesh 25) bt Karnataka (Sowkin Shetty 18, Bushan S 12) Anmol B 15, 92-71 [25-18; 28-19; 18-18; 21-16]
1) Karnataka (Bhandavya 17, Lopamudra 15, Bhoomika 12) bt West Bengal (Rashmi 23, Pratyusha 14) 85-59 [25-9; 17-18; 12-17; 31-15]
2) Delhi (Soumya B 29, Varuni B 14, Jothi Rai 13, Nishita 13) bt Madhya Pradesh (Sakshi Pandey 38, Shivangi 11) 78-74 [12-24; 18-21; 21-14; 27-15]
Quarterfinal Matches from Level 1 (Elite level)
1) Maharashtra (Siddique 22, Parab 19, Sandhu Samson 19, Vaishakh Nambiar 15) bt Madhya Pradesh (Shubham 24, Laxman Thapa 17, Lalit 13) 90-77 [24-20; 24-13; 15-20; 27-24]
1) Uttar Pradesh (Barkha 26, Preeti Kumari 17) bt Maharashtra (Sruthi Menon 38, Iswari Pingle 14) 67-65 [15-14; 17-10; 14-15; 21-26]
Level 1 to Level 2 (Matches between bottom placed Level 1 teams who have been relegated to Level 2 for next year)
1) Chhattisgarh (A Kumar 19, R Shrivastav 11) bt Odisha (KS Kumar 6, SS Bemera 6) 57-29 [26-6; 22-7; 3-6; 6-10]
1) Tamil Nadu (Srividhya 19, Sharmila 18, Shinu 17) bt Rajasthan (Nisha 22, Jagruthi 13) 84-63 [29-17; 25-15; 9-18; 21-13]
Late Evening Results from Day 5 (30/5/14)
Level 1 League Matches
1) Kerala (Amal Anto 24, Antony 21) bt Chhattisgarh (Dinesh M 16, Shiv Kumar 14) 81-54 [12-10; 22-16; 15-12; 32-16]
(The real GDP growth at factor cost stands at 4.6% in Q4 of 2013-14 as against 4.4% in Q4 of 2012-13)
GDP at factor cost at constant (2004-05) prices in the year 2013-14 is estimated at Rs. 57.42 lakh crore showing a growth rate of 4.7% over the GDP for the year 2012-13 of Rs. 54.82 lakh crore. Whereas, the GDP at factor cost at current prices in the year 2013-14 is estimated at Rs. 104.73 lakh crore, showing a growth rate of 11.5% over the GDP for the year 2012-13 at Rs. 93.89 lakh crore.
Quarterly GDP at factor cost at constant (2004-05) prices for Q4 of 2013-14 is estimated at Rs. 15.38 lakh crore, as against Rs. 14.71 lakh crore in Q4 of 2012-13, showing a growth rate of 4.6%. Whereas, GDP at factor cost at current prices in Q4 of 2013-14 is estimated at Rs. 28.01 lakh crore, as against Rs. 25.42 lakh crore in Q4 of 2012-13, showing a growth of 10.2%. The real GDP growth at factor cost stands at 4.6% in Q3 of 2013-14 as against 5.2% in Q2 of 2013-14 and 4.7% in Q1 of 2013-14.
Trend in growth of India’s real GDP (%)
Source: PHD Research Bureau, compiled from CSO
The estimated growth rates in economic activities in Q4 of 2013-14 over Q4 of 2012-13 are financing, insurance, real estate and business services at 12.4%, construction at 0.7%, community, social & personal services at 3.3%, trade, hotels, transport and communication at 3.9% and electricity, gas & water supply at 7.2%. The growth rate in agriculture, forestry & fishing, is estimated at 6.3% while for mining and quarrying and manufacturing growth is estimated at (-) 0.4% and (-) 1.4%, respectively in this period.
Recent pattern in real GDP growth
Source: PHD Research Bureau, compiled from CSO
Note: 2nd RE: Second Revised Estimate; 1st RE: First Revised Estimate; PE: Provisional Estimate
Gross National Income – The Gross National Income (GNI) at factor cost at 2004-05 prices is now estimated at Rs.56.74 lakh crore during 2013-14, as against the previous year’s First Revised Estimate of Rs. 54.17 lakh crore. In terms of growth rates, the gross national income is estimated to have risen by 4.7% during 2013-14, in comparison to the growth rate of 4.1% in 2012-13.
Per Capita Net National Income – The per capita net national income in real terms (at 2004-05 prices) during 2013-14 is estimated to have attained a level of Rs. 39,904 as compared to the First Revised Estimates for the year 2012-13 of Rs. 38,856. The growth rate in per capita income is estimated at 2.7% during 2013-14 as against 2.1% during 2012-13.
Private Final Consumption Expenditure – Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 64.85 lakh crore in 2013-14 as against Rs. 57.72 lakh crore in 2012-13. At constant (2004-05) prices, the PFCE is estimated at Rs. 37.20 lakh crore in 2013-14 as against Rs. 35.48 lakh crore in 2012-13. In terms of GDP at market prices, the rates of PFCE at current and constant (2004-05) prices during 2013-14 are estimated at 57.1% and 60%, respectively, as against the corresponding rates of 57.1% and 60.1%, respectively in 2012-13.
Government Final Consumption Expenditure – Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 13.41 lakh crore in 2013-14 as against Rs. 11.89 lakh crore in 2012-13. At constant (2004-05) prices, the GFCE is estimated at Rs. 6.87 lakh crore in 2013-14 as against Rs. 6.62 lakh crore in 2012-13. In terms of GDP at market prices, the rates of GFCE at current and constant (2004-05) prices during 2013-14 are estimated at 11.8% and 11.1%, respectively, as against the corresponding rates of 11.8% and 11.2%, respectively in 2012-13.
Gross Fixed Capital Formation – Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs. 32.11 lakh crore in 2013-14 as against Rs. 30.72 lakh crore in 2012-13. At constant (2004-05) prices, the GFCF is estimated at Rs. 20 lakh crore in 2013-14 as against Rs. 20.02 lakh crore in 2012-13. In terms of GDP at market prices, the rates of GFCF at current and constant (2004-05) prices during 2013-14 are estimated at 28.3% and 32.3%, respectively, as against the corresponding rates of 30.4% and 33.9%, respectively in 2012-13. The rates of Change in Stocks and Valuables at current prices during 2013-14 are estimated at 1.6% percent and 1.5%, respectively.
The PFCE and GFCF at constant (2004-05) market prices in Q4 of 2013-14 are estimated at Rs. 9.78 lakh crore and Rs.5.36 lakh crore, respectively. The rates of PFCE and GFCF as percentage of GDP at market prices in Q4 of 2013-14 were 57% and 31.2%, respectively, as against the corresponding rates of 55.9% and 33.4%, respectively in Q4 of 2012-13.
Dr. S P Sharma
Danielle Nierenberg, Food Tank
By Prof R. Vaidyanathan First Post—FirstBiz—31-05-2014
More than six years ago, in February 2008, the German authorities had collected information about illegal money stashed away by citizens of various countries in a Liechtenstein bank. The German Finance Minister offered to share the names of these account-holders with any government interested in them. The UPA-1 government, unfortunately, did not act for many months and, after much prodding by the Opposition, asked for the list in late 2008.
A German intelligence agency appears to have paid an unnamed informer more than $6 million for this confidential and secret data about clients of the LGT group, a bank owned by the Liechtenstein Prince’s family. The revelations have already led to the resignation of the head of Deutsche Post, which is currently the world’s largest logistics company. Liechtenstein leaders were furious and have focused all their ire on the theft of the data rather than on the facts of the case.
The German list contained the names of 1,400 clients of the Liechtenstein bank, of whom 600 were Germans. A spokesman for the German finance ministry, Thorstein Albig, had said in March 2008 that information on the other accounts would be shared without charging any fees. Finland, Sweden, and Norway quickly obtained the data, but our government began pussyfooting around this issue. If it had genuinely wanted to act against black money, it should have immediately despatched senior officials/ministers to get the names. Pushed and prodded by the Opposition and the media, when the government finally moved, it got nearly 100 Indian names – but those names have been kept a secret.
This writer, who has been studying tax havens for more than a decade, wrote in April 2009 (in the journal Eternal India, published by India First Foundation) about the need to get back the illegal deposits kept by Indians in various tax havens, including Liechtenstein. A public interest litigation was then filed by Ram Jethmalani and others in the Supreme Court, to which the government responded that it was taking steps to recover such amounts. It had also mentioned that the German government had given a list of people who had kept money in the LGT Bank of Liechtenstein (May 2009). The government’s response also said that steps were being taken in the case of Hasan Ali Khan, a Pune horse-breeder, who was alleged to have indulged in several illegal transactions through the UBS Bank of Switzerland.
In the meanwhile, the then Leader of the Opposition in the Lok Sabha, LK Advani, had constituted a committee consisting of S Gurumurthy, well-known Chartered Accountant, Ajit Doval, the current National Security Advisor, lawyer Mahesh Jethmalani, and this writer. The report of the committee was also used by Ram Jethmalani in his PIL filed with the Supreme Court.
The government maintained that it cannot reveal the names received from Germany since it had obtained the same under the double taxation avoidance treaty. The point is: why did the government ask for information under the double-tax treaty with Germany when the issue – stolen data from the Liechtenstein bank by Germany – was unconnected to the treaty? Where is the issue of confidentiality vis-a-vis criminals? Actually, it is wealth kept illegally in the bank in Liechtenstein, and the money does not even concern Germany.
The double-tax treaty generally prevents the use of information supplied under the treaty for any purpose other than the levy and recovery of tax. It is doubtful whether the income tax department can share the details it has secured under the treaty with the Enforcement Directorate or the National Investigation Agency which tracks terror cases, or the NSA. That is why the Supreme Court had refused to regard it purely an issue of tax evasion.
The finance ministry says it has the names but will not reveal them. But is this right? The accounts are those of international crooks who have deprived our land of huge financial resources through capital flight. It is an unpatriotic act which can be equated to financial terrorism. Domestic black money (that is untaxed income) is merely a no-confidence motion against the government’s tax policies, but black money in tax havens abroad amounts to no-confidence against the country – which is akin to treason.
A report in The Economic Times dated 4 June 2009 said that of the 50 Indians who have stashed funds in LGT Bank, 25 belong to Mumbai. The tax authorities have reopened assessments of these 25 tax evaders under section 148 of the Income Tax Act. This implies that the government is treating it as tax evasion and not capital flight and a crime against the country. But on 19 January 2011 – after two years of waiting – the Supreme Court made a historic observation about this shameful phenomenon of Indian funds being kept illegally abroad and the obstructionist attitude of the central government in unravelling the truth.
A report in The Hindu quoted the court as saying that black money stashed abroad by Indians was “pure and simple theft of national money.” The court “questioned the Centre’s approach to tackling this menace and retrieving the huge amounts kept in foreign banks. When Solicitor-General Gopal Subramaniam furnished in a sealed cover a list of 26 names who had accounts with (the) Liechtenstein Bank, a bench of Justices B Sudershan Reddy and SS Nijjar was not convinced of the steps taken by the government for getting back black money. Justice Reddy, after perusing the list, told the SG: ‘This is all the information you have or you have something more? We are talking about huge money. It is a plunder of the nation. It is pure and simple theft of national money. We are talking about mind-boggling crime. We are not on (the) niceties of various treaties.”
The court then insisted on the formation of a special investigation team (SIT) with ex-Supreme Court judge Jeevan Reddy as Chairman, assisted by Justice MB Shah, and asked the government to share details about the Liechtenstein list. The UPA government dilly-dallied and used every ruse in the legal book to buy time. But the Supreme Court was very upset and told the government that it can be hauled up for contempt of court. The court, in its order of 1 May 2014, had given the government three weeks’ time to issue a notification for setting up an SIT to be presided over by Justice MB Shah (since Justice Jeevan Reddy had declined to head it for personal reasons), with retired Justice Arijit Pasayat as vice-chairman, to guide and direct the investigation.
The three weeks ended on 22 May and extended to 27 May due to a change in the government. Hence, the first decision of the new government was about the SIT. It was a decision pushed down the throat of the government of India by the court due to the sustained efforts of Ram Jethmalani, represented by Anil Dhavan, and armed with reports of this writer. The SIT will consist of the Chief of the Financial Intelligence Unit, the Chief Commissioner of Income Tax, a Deputy Governor of the RBI, the IB Director, the Narcotics Bureau chief, and the head of the Enforcement Directorate. The group will also have access to the accounts of HSBC Bank, Geneva, details of which were given by the French government.
The SIT is essentially a group of bureaucrats with varying degrees of expertise about tax havens. This is mainly for illicit money kept abroad and not for domestic black money. Most of the double tax treaties which the UPA-2 entered into are prospective in nature and the task of looking into past illegal funds is complicated.
The group should distinguish between pure tax evasion (let us call it vegetarian black money) and funds connected to terror/arms smuggling/narcotics (say, non-veg black money). The former is easy to focus on and can be dealt with through penalties. A recent Supreme Court judgment, which says that “that Indian resident beneficiaries shall not be taxed on the income of an offshore discretionary trust as long as the trustees do not distribute income to the beneficiaries,” may help many in the first category.
The best way to proceed is to have a joint sitting of Parliament and pass a resolution stating that “any funds abroad held by Indian nationals belong to the Republic of India” unless they have been kept abroad under legal rules and regulations. Armed with such a resolution and recent agreements entered into by Switzerland and Singapore with OECD countries, the SIT can go for gold! Actually, the SIT should be willing to use the concept of sama/dhana/bheda/dhanda in achieving its task – many secretive jurisdictions, including Switzerland, can and should be arm-twisted to part with information. After all they have huge investments in India
It is also necessary to consider the gold/diamonds/precious items kept by Indians in the lockers of banks in tax havens abroad. The road ahead for the recovery of illegal money stashed abroad is full of pot holes and craters, but we Indians have a way of navigating such impediments. What is needed is the political will for the same.
(The author is finance professor, IIM Bangalore. These views are personal)
PROFESSOR OF FINANCE
INDIAN INSTITUTE OF MANAGEMENT
Posted: 31 May 2014 02:33 AM PDT
Recently a UK based energy journal “LNG Magazine” published an article “A passage to India” on the Indian LNG demand and GAIL’s efforts towards meeting the same with inputs from Mr. Prabhat Singh; director, marketing , GAIL (India) Limited.
The article talked about the energy demand and supply shortage in India and around the globe. Involvement of natgas in India’s energy mix is 11% whereas it accounts to 24% in the global scenario. As of now, domestic production contributes 73% of the total supply of the gas. The gap between supply and demand is growing with the intense development and rising conscience to go green in the nation. GAIL has stepped up to the challenge and has assumed a key role in development of natgas market in India in meeting rising demand. It has also been vigilant about securing deals with the foreign nations as well. The long term deals with Qatar, Yemen, Nigeria, Algeria, Trinidad & Tobago, Norway, Oman, UAE etc. shows the efforts of the company in doing so.
The article basically consisted of three important constraints:
Indian natural gas market has become a global attraction because of its demographical location as well as rising domestic demand. GAIL has secured part of natgas supplies from countries like Russia and Turkey and is constantly examining potential LNG hubs.
Business & Sustainability
GAIL has been consistently trying to reduce the carbon footprint in the production process and with usage of renewable energy in the production process it depicts the strong willingness of the motive. Alongside the busy operations GAIL with its CSR projects has also been ensuring the sustainable development of underprivileged the needy communities.
GAIL has constantly trying to fill the gap between supply and demand in the country. Company is pursuing regional cooperation with fellow Asian nations. GAIL has also been looking to diversify its operations and in the process has also commissioned wind energy projects in Gujarat. Future plans are to concentrate on the renewabels starting with solar & wind energy.
With strong words from the marketing manager we are assured that the future demands will be met and India may soon achieve energy security.
Posted: 30 May 2014 04:43 AM PDT
While the nation seeks a better a better future, its the youth who hold the foundations of the brighter tomorrow being anticipated. Here is a true story of a champion who did not give up when knocked down by life but instead bounced back with a bang
Apar Tiwari – (GAIL Utkarsh Super 30 – 2009 – 2010) – IIT Varanasi – (Mechanical Engineering)
‘A lesson learnt, a career achieved’
As I look back to my school days, I remember that I wasn’t much into studies. I preferred watching TV and being involved in sports activities. I belong to a middle class family. My parents always tried to make me understand the importance of a good career but I couldn’t drive myself to study in those initial days. However, taking the Cyber Olympiad in 6th standard made me realize where I stood when it came to knowledge – nowhere. As such, I couldn’t even secure a satisfactory position in the Olympiad even at the district level. I used to think I was far better than others, but the results said otherwise. I felt as if I was standing at the bottom and others were moving to the top, though my parents and my sisters encouraged me a lot. It was because of their efforts that I was finally able to recognize my potential. When I was in 9th standard, my father expired and the entire burden fell on my mother. I started paying attention to my studies but one thing that persisted in my mind was on improving my knowledge without worrying about my class rank. I got an opportunity to be a part of my school NCC team, where I gave my 100 percent as I felt it is most important to be sincere and dedicated to whatever one takes up. I qualified for mains level in NTSE and scored 92% in 10th standard. It was around that time that I decided to be an engineer and set my sight on IIT. However, it was during my preparations that I realized that the method of study was wrong. Coaching basically meant making students cram the entire study material, ignoring individual capability. This was very upsetting. Then I came to know about the Super 30 coaching sponsored by GAIL India limited in co-operation with CSRL. Here the teaching pattern was totally different. I wouldn’t even call it coaching. In fact, it was more like a home for me where I was provided proper guidance by well experienced and talented teachers. The approach was basic and simple but the result was undoubtedly awesome. The IIT aspirants just need to be conceptual and this is a prominent feature of the Super 30 art of teaching. Today, I am most content. My father is not here to see me, but he would have been proud to see me an IITian.My mother, sisters, maternal uncles and two of my true friends never let me feel his absence. I express my deep gratitude to Abhayanand Sir, Krishnamurti Sir, Chandra Sir and Phurkan Sir and the whole GAIL and CSRL team for their tremendous efforts and the patience they showed for me, enabling me reach this successful station in life.
Apar continuously maintained a CGPA of 8+ and has secured 133 score in GATE examination. Now he has also secured 1st position in SAIL Management Trainee exam. GAIL is proud of him and wishes him all the best for the future.
We hope that with project Utkarsh we keep on helping talents like Apar in the future too.
WaterTech e-News Daily
Quake of M6.2 – OFF THE COAST OF JALISCO, MEXICO
CAG says RIL charged more than approved gas price
The Comptroller and Auditor General of India (CAG) has pulled up Reliance Industries for charging a rate in excess of the government approved price for its KG-D6 gas field and not including the marketing margin for calculating royalties and government’s share.
The government had in October 2007 set a sale price of USD 4.20 per million British thermal unit based on the price discovered by RIL from key customers.
The CAG in a draft report of audit of RIL’s eastern offshore KG-D6 block spendings stated that the company charged USD 4.205 per mmBtu from consumers, leading to excess billing of USD 9.68 million. “As per the price discovery process undertaken by the operator (RIL.. it was categorically indicated that selling price would be rounded off to two decimal points.
“A review of records relating to sales of gas to consumers, however, revealed that the operator has been charging the gas price at the rate of USD 4.205 per mmBtu (three decimal points) from its consumers in place of USD 4.20 per mmBtu, arrived at after rounding of 2 decimal points,” CAG said.
This lead to an excess billing of USD 9.68 million in first four years of production beginning 2009-10. On top of this sale price, RIL charged a marketing margin of USD 0.135 per mmBtu to cover for its marketing risks.
“It has also been noticed that while computing the profit petroleum (government’s share of production) and royalty, the operator is considering the price of USD 4.205 per mmBtu instead of USD 4.34 being charged by him from the consumers, as the revenue earned through marketing margin is not being treated as revenue for the purpose of calculating cost recovery, profit petroleum and royalty,” CAG said.
A RIL spokesperson did not immediately offer any comments. RIL, CAG in the draft report said, had collected an amount of USD 261.33 million towards the marketing margin which has not been accounted for in the books.
“Consequently, cost recovery of USD 235.20 million (90 per cent) has not been adjusted in the recovered cost up to 2012-13 and there was a short remittance of government share of profit petroleum and royalty by USD 2.61 million and USD 13.12 million respectively for the year 2009-10 to 2012-13 to the Government of India,” the report said.
The CAG noted that the oil ministry had in December 2011 asked the Petroleum and Natural Gas Regulatory Board (PNGRB) to determine the quantum of marketing margin chargeable on sale of natural gas to end consumers by each marketing entity on the basis of its actual marketing cost. “The issue of marketing margin has not been decided till date,” it said.
The CAG said the oil ministry had in September 2013 had stated that the Production Sharing Contract (PSC) does not allow the contractor to separately charge marketing costs, either directly or indirectly.
“However, operator has charged a marketing margin on sale of gas at the rate of USD 0.135 per mmBtu over and above USD 4.2 per mmBtu but the same revenue was refused to be accounted by the operator in the financial statements.
“The financial impact of such refusal to account the marketing margin works out to USD 261 million, which is based on the cumulative gas sale,” the report added.
Brazil promises ‘greenest World Cup’
Brazil announced a package of pollution-cutting measures aimed at making this year’s World Cup more environmentally friendly, ranging from an emissions-trading scheme to a “green passport” smart-phone application.
“We want to score green goals,” said Environment Minister Izabella Teixeira at a press conference announcing the initiative.
The World Cup and other major sports events generally leave giant carbon footprints. Building stadiums and infrastructure, flying in teams and fans, and hosting the games themselves all emit large amounts of Earth-warming greenhouse gases such as CO2.
Teixeira said this year’s World Cup, which runs from June 12 to July 13, is expected to directly add 59,000 tonnes of carbon to the atmosphere.
When indirect emissions linked to the tournament are included, the total rises to 1.4 million tonnes — just under half the footprint attributed to the London Olympics in 2012.
The government has launched a program to offset that pollution by asking companies to give carbon credits in exchange for the right to advertise themselves as official “green seal” World Cup sponsors.
The government has already offset 115,000 tonnes of emissions through such donations of carbon credits — a tradable permit to emit a certain amount of greenhouse gases.
“The Cup will open having offset 100 percent of its direct emissions,” said Teixeira, vowing to continue working for “the greatest possible mitigation” of tournament-related CO2 before the end of the year.
Together with the United Nations Environment Program, the government also launched a project called “green passport” to encourage football fans to practice environmentally sustainable tourism.
About 600,000 foreigners and 3.1 million Brazilian tourists are expected to descend on the 12 host cities.
Anticipating that many will want to explore the country between matches, the project proposes environmentally friendly travel itineraries from each host city, complete with a cell phone app. Brazilian supermodel Gisele Bundchen is the project’s official spokeswoman.
Teixeira said this World Cup is the first where all host stadiums will have LEED certification — Leadership in Energy and Environmental Deign, a sustainability seal of approval.
Other programs announced Tuesday aim to train garbage collectors on recycling and set up stalls to sell locally produced organic food in host cities.
A special court on Friday imposed a penalty of Rs one lakh on Swan Telecom promoter Shahid Usman Balwa, who had sought permission to withdraw answers given by him earlier to the court in the 2G scam case trial, while allowing his plea to record afresh his statement before it.
Special CBI Judge O P Saini, however, did not allow the contention of CBI to cancel bail of Balwa, an accused in the 2G case.
The court passed the order on Balwa’s plea seeking permission to withdraw his answers given earlier during his deposition.
CBI had argued in court that Balwa’s plea was nothing but a “sinister design” to take the court for a “ride”.
During the arguments, Special Public Prosecutor U U Lalit had submitted that Balwa’s earlier contention that he had failed to understand the questions asked by the court under the provisions of CrPC was not an “inadvertent error” and it was a “smart and calculated” move.
He had also contended that it was a “breach of faith” reposed by the court on the accused and he must be fair to the court.
Balwa’s counsel, however, had submitted that it was only an inadvertent error and that nothing had been done deliberately.
On CBI’s contentions that bail granted earlier to Balwa may be cancelled, his lawyer had said it was not the case that his client has tampered with evidence or threatened any witness.
The counsel had also said that if the court feels that something wrong has been done, he was offering unconditional apology.
CBI had earlier sought cancellation of the bail granted to Balwa, facing trial in the 2G case, saying his conduct requires reconsideration and recall of the relief given to him.
Balwa had faced the court’s ire when it observed that he “deserved” to be taken into custody for his misconduct.
He had filed a plea contending that he will “not raise any question of prejudice caused to him on grounds of non- understanding of any question asked by the court.
Hyderabad, May 29, 2014: Taking forward its plan to provide viewers in Australia a host of options when it comes to exciting television based action, YuppTV today announced the launch of premium Hindi Entertainment channels Star Plus and Life OK in the country. Viewers across Australia will now be able to watch their favorite Indian TV soaps and serials on the two channels.
The two Hindi channels are now available to Australian customers on YuppTV. Earlier, Star Plus and Life OK were made available to YuppTV Customers in the United States. Both channels telecast among the most watched and highly rated Hindi shows on Indian television.
Announcing the launch, Mr. Uday Reddy, CEO of YuppTV said,“We are pleased to take Star Plus and Life OK to YuppTV customers in Australiain keeping with our commitment to innovation and highly accessible content. The country has a significant Indian diaspora that loves to experience the best in entertainment from India.We are confident that TV viewers across the continent will be thrilled to view channels like Star Plus and Life OK.”
Ajit Mohan, Digital Head, STAR Indiasaid,“We are glad that YuppTV has launched Star Plus and Life OK in Australia, a significant overseas market for us. Audiences will now get an opportunity to enjoy watching leading shows from the channelson multiple internet enabled devices such as Smart TVs, STBs, Tablets, Smart Phones and PCs, all of whichare simple and instant.”
YuppTV continues to be among the world’s leadingOver-the-top (OTT)content players, delivering more than 170 Indian television channels worldwide in 11 languages that comprise Hindi, Tamil, Bengali, Punjabi, Marathi, Telugu, Malayalam, Kannada, Bhojpuri, Oriya and Assamese to its viewers.
YuppTV is a global leader in providing converged OTT (over the top) live TV and Video on demand Solutions. It is a six-year-old company with its headquarters in Atlanta, GA, and having branch offices in the USA and India.
The company through its platform is the leading OTT player delivering more than 170+ Indian TV Channels, more than 4500 videos (daily), Movies, Live Events and a lot more, to the six screens for Video content consumption i.e. Connected TVs, Internet STBs, Smart Bluray players, PCs, Smart Phones and Tablets. The service currently has one of the industry’s highest content usages per subscriber.
The YuppTV platform-as-a-service (PaaS) solution is YuppTV’s White Label OTT solution, which enables content owners, broadcasters, and mobile operators to deliver live TV and video-on-demand over six screens. For the first time, video content providers and operators have access to a turnkey, end to end, managed OTT solution for distributing and monetizing content – anywhere in the world at the lowest cost of ownership and delivery.
The mission of the company is to make it simple and instant for Broadcasters to deliver live TV and VOD anytime and anywhere in the world to any internet enabled device.
Court frees 25 Cambodians charged with garment strike offences
A Cambodian court found 25 people guilty on Friday of acts of violence during strikes by garment workers. However, all were given suspended sentences and freed, Reuters said. The ruling is likely to be welcomed by global manufacturers operating in the country. The Phnom Penh Municipal Court judges convicted the workers, trade unionists and protesters of intentional violence including damage to public property during strikes in November last year and January 2014.
Sisi won more than 90 percent of the votes and with the low turnout, face tough time as to take the popular measures to restore healthy economic growth, ease poverty and unemployment, and end costly energy subsidies in Egypt.
Sisi has lost the huge momentum he gained when he deposed Mohamed Morsi last year the incredible media campaign in his favour did not manage to rally people into going to the ballot boxes. In broader context Sisi is the strong man able to restore stability in Egypt and put an end to the ongoing turmoil. His critics, though, say he will be reproducing the regime of former president Hosni Mubarak, who was overthrown in the 2011 revolution.
Sisi will be Egypt’s next president, how well he address the country’s main problems make Egpytian usher in a new era in the country.
Today at 1:17 AM
Honorable Prime Minister
Shri Narendra Modi
Government of India
New Delhi – 110011
It is your good fortune that you had been MISLED on power situation in
North India by former Secretaries and Ministers. Here is Factually
Generation Capacity Up 10.6% But Generation Up Merely 0.6%.
Even as Installed capacity increased from 55966 MW to 61923 MW but
power supplied marginally increased from 926.8 MU to 932.5 MU.
Generating Capacity growth was 10.64% but generation growth was up by
just 0.6% Clearly REGULATORS had failed to ensure Optimum Utilization
of Generation Capacity. Three states performed Badly – Rajasthan
operated at less than 50% load factor, Haryana less than 40% and Delhi
Presently India has more than sufficient power generation capacity to
meet even peak demand but there is gross mismanagement in power
generation and distribution.
Here in the Daily Report for 28-05-2014 it clear Generation Capacity
in North India is 61923 MW and average dispatch was 39340 MW 63.5%
load factor. Respective figures for last year were 55996 MW and 38915
MW or 69.5%.
Obviously There Is Big Fall in Plant Load Factor.
Comparison of State Generation 2013 & 2014
States Capacity 2013 MW Avg Generation Capacity2014 MW Ave Generation
UP 10131 5696 10131 5846
Rajasthan 8729 5068 11009 5372
Punjab 3768 1986 5128 2728
Haryana 5006 2334 5006 1912
Delhi 2232 1273 2917 753
HP 1005 870 1114 780
J&K 956 558 1094 574
Uttarakhand 1303 617 1303 547
Punjab generation was up 50%.
BBMB generated just 1041 MW of Power yesterday when last year for
almost same water levels in Dams was 1428 MW. Peak generation at
Bhakra Dam was 2279 MW and 2293 MW last year. Obviously there was
Under Operation at BBMB when demand is highest.
NTPC units performed exceedingly well. Average dispatch was 7614 MW
slightly more than last year 7447 MW.
UP picked up 118 MU yesterday from grid compared to 117 MU last year.
It is possible to SAVE Half of 30% Transmission Losses or 150 MU every
day. Ensure Uninterrupted Power Supply in Six Months.
Inventor & Consultant
INNOVATIVE TECHNONLOGIES AND PROJECTS
Today at 6:46 AM
May30, 2014 (C)
Debate on our News Channels continues shamelessly by anchors who
themselves are least qualified. Deepankar Gupta comments were
particularly disturbing. Ministers don’t get time to learn and
unqualified and experience actually means they don’t apply their
BRAINS and are dependent on babus. Engineers are TRAINED extensively
but even IITians are Worst in handling Crisis and Poor in Inventing,
there is not a single Ministry which is not acutely vulnerable to
Manipulation and Wrong Decisions.
Government of India is Ten Times more COMPLEX today than in 1998 –
there was just 2G and about 1m connections in MoTelecom today there
Court Cases, 100m connections, companies fighting among themselves,
with GOI in courts, 3G, 4G and other services their revenue collection
runs in $20b or more a year.
It is enough to say that India doesn’t even own 1% of Worlds
Intellectual Property and I have gone through the qualifications of
all BJP ministers who have mostly ‘Desi Degrees and LLB Qualifications
from Local Universities’. In fact enrolment for LLB degree was
essential to extend Student Politics tenure.
They are not even qualified to be a middle school master and not
qualified and experienced to run complex skills required to
effectively and competently steer the departments in right direction.
Unlike US President who gets 30 days or more ‘Transition Period Before
Swearing In Indian Ministers are on the job immediately and are in
fact taken around the Ministries’ after they have signed take over
There is no ‘Competition’ and even funnier thing they don’t even know
for sure their assigned portfolio and are not allowed under the
protocol to disclose it to public/ media.
In present time there is no Ministry which could be termed as Light.
INC and AAP are expected to take advantage of BJP Governments
VULNERABILITY in every department it is not just 2G or Coal – this
time it shall be every ministry.
INC and AAP should constitute ‘Private Independent Commission of
Experts’ to pin point their Wrong Doings in Strategy, Planning, and
Execution. Doctors consult specialists for their own medical problems
than do it themselves. This is essential to come to the right
Based on their recommendations improve their strategy for upcoming elections.
INC and AAP represent Middleclass and BPL and APL but somehow didn’t
DESIGN the political agenda tailored to their needs. BJP promised them
Jobs, Water, Power, Education, Factories etc.
Vote Bank of INC shifted to BJP and AAP cut in to INC votes only.
AAP drew Ocean of support for its Candidates but could translate in to
just 2% Votes and INC lost 9% Vote Share in spite of much better
Inexperienced BJP Government is Weak & Vulnerable There Is Hope for INC & AAP
BJP has tarnished IMAGE of India and it requires Double Efforts to
CLEAN UP and that also requires BEST Talent and skills. Hope BJP
engages External Professionals for key positions.
Ravinder Singh, National General Secretary.
Sabka Bharat Mission 2019
The center-left government of Bulgarian Prime Minister Plamen Oresharski survived a no-confidence vote in parliament on Friday, AFP said. The motion failed in a vote of 116 to 93 with the backing of the Socialist BSP party, their liberal partner Movement for Rights and Freedoms (MRF) and independent lawmakers. This was the fourth such motion submitted by the conservative opposition. It accused Oresharski’s cabinet of lacking a clear strategy for the country’s troubled e
Security forces fired warning shots as protesters in Bangui demanded the resignation of the interim government and the removal of foreign troops from the Central African Republic on Friday, AFP said. Troops and police stopped the protesters gathering in the capital, who numbered in the thousands, and the demonstrators dispersed around an hour later. Bursts of automatic weapons fire were also heard in the central Bangui neighborhood that is home to the presidential palace, and in the area of the airport. The capital has experienced an upsurge in violence in recent days.
Ashok B Sharma
ASHOK B SHARMA*
Lot of eyebrows have been raised about the future of education in India under the dispensation of the new minister for human resources development who has not completed her graduation level study in formal education. This was fuelled by no other than a former minister and responsible spokesperson of the Congress party Ajay Makan soon after the former’s appointment.
The Prime Minister Narendra Modi selected Smriti Zubin Irani 38 to be the youngest among the 23-member Cabinet and allotted to her human resources development ministry for effecting radical changes in the country’s educational system.
Makan on May 27 had tweeted : “What a Cabinet of Modi? HRD Minister (Looking after Education) Smriti Irani is not even a graduate! Look at her affidavit at ECI site pg 11!”
Since Makan’s tweet, the critics of Irani have gone viral in the social media and generated lot of unnecessary debate.
First, Makan should know before tweeting – who was country’s first education minister and what was his educational qualification? Maulana Abul Kalam Azad, who was the first education minister, did not undergo any formal education. Maulana had theological education needed to become a clergy. However, Maulana acquired the knowledge of English, Hindi, Urdu, Bengali apart from Arabic and Persian. Reputed as a freedom fighter, a revolutionary and a journalist, Maulana, could shape the destiny of the country’s education system.
Makan should know about the party he belongs to. He should know the legacy of his party. Congress had illustrious leaders like Pt Jawaharlal Nehru, Sardar Ballavbhai Patel, Govind Bhallav Pant, Maulana Abul Kalam Azad, Indira Gandhi. However, the weak leadership of today’s Congress has reduced the party to shambles and leaders like Makan and others have no axe to grind, expect to go for Modi baiting.
Constructive criticism is always worthwhile. Modi baiters like Makan should know that we are in a parliamentary system of democracy where people directly elect their representatives and the majority party forms the government. It is the prerogative of the Prime Minister to allot portfolios to persons of his choice. Indian democracy does not prescribe any educational qualification as a prerequisite for candidates contesting in elections to Parliament and State Assemblies. Modi, in his selection of his Cabinet team, has not done anything unusual from the convention.
It is not that Modi Cabinet does not have highly educated ministers. It has a doctor like Dr Harsh Vardhan, eminent lawyers like Ravi Shankar Prasad, Arun Jaitley to name a few.
Is it necessary that an education/HRD should be an academician par excellence? Great poet Rabindranath Tagore did not have any university education, but did set up an university of world fame. Former Prime Minister Indira Gandhi was once the student of the university set up but this great poet.
In the present day many universities are being set up by corporate houses and persons who are not academicians.
If we are to go by the logic that an academician should head the HRD ministry, then should the heavy industry ministry be headed by an industrialist, civil aviation ministry by a pilot, finance ministry by an economist. This is just not applicable to the present parliamentary democracy in India.
Smriti Irani in her affidavit before the Election Commission has said she has completed “Bachelor of Commerce Part – 1, School of Open Learning (Correspondence), University of Delhi – 1994.” This does not mean that with her wit and experience, the actress-turned politician will not be able to frame policies of the government for education and human resources development like her predecessors like Maulana Abul Kalam Azad and others.
(*The writer is a senior journalist on Policy & Strategic Issues. He is former Agriculture Editor of The Financial Express. He can be reached at – firstname.lastname@example.org Mobile phone no 09810902204)
ISTITUTO ITALIANO DI CULTURA DI NEW DELHI – INCONTRI IN BIBLIOTECA
Nuovo cinema Italiano/ New Italian Cinema: Opere Prime/Debut Films: 2008-2013
DOUBLE BILL at Italian Embassy Cultural Centre
Italian romance film directed by Valerio Mieli
DIECI INVERNI / Ten Winters
99 min., 2009
Saturday, May 31, 2014, 2:00 p.m.
Trama: Dieci anni nelle esistenze di Camilla e Silvestro, conosciutisi all’età di 18 anni su un vaporetto nella laguna veneziana, nell’inverno del 1999, e da quel momento ciclicamente amici, nemici, conoscenti, innamorati, vicini e distanti. Un’avventura vissuta tra Venezia e Mosca …
Winter 1999. Camilla, a young girl arrives in Venice from a village to study Russian literature. She notices a boy in the water bus. The boy, Silvestro is of the same age as Camilla. He too is just arrived in Venice and is also carrying a suitcase. The two start exchanging glances.When the water bus reaches the landing stage, he decides to follow the girl… Thus begins a ten-year-long adventure that sees the two live their student life in Venice and continue on to the alienating frenzy of Moscow .
Italian Thriller directed by Luigi Lo Cascio
La città ideale / The ideal city
2012, 105 min.
Saturday, May 31, 2014, 4:00 p.m.
Trama: Michele Grassadonia è un appassionato ecologista che ha lasciato Palermo e si è trasferito a Siena , la sua città ideale, e da circa un anno ha cominciato un nuovo stile di vita, cercando di non utilizzare l’acqua corrente e l’energia elettrica. Una notte di pioggia, però, ……
Synopsis: Michele Grassadonia is a fervent environmentalist. A long time ago, he moved from Palermo to Siena , its ideal city. He has carried out an experiment in his flat for longer than one year: living in full self-sufficiency, without running water or electricity. On a rainy night, Michele gets caught up in a series of confusing and mysterious events. From this moment on, his joyful experience in the ideal city starts to waver.
Tessitori Hall of the Italian Embassy Cultural Centre in New Delhi
Entry Free: For security reasons please show your valid Photo Identity Card.
Italian Embassy Cultural Centre
50- E, Chandragupta Marg (Entry from Nyaya Marg)
Chanakyapuri, New Delhi – 110 021
A 6.1 magnitude earthquake struck China’s southwestern Yunnan province on Friday morning, the USGS reports. The epicenter of the tremor was located at a shallow depth of 10 kilometers, just 27 kilometers from the town of Pingyuan in Yingjiang County. Local authorities sent a team of over 50 people for surveying, investigation, and disaster evaluation, Xinhua reported. There have been no immediate reports of casualties or damage. The county borders Myanmar and has a population of 300,000.
Sold Out – Pre Paid Media??? Fooling Masses .
16th LS to begin from 4th June
After the new members take oath on 4th June and 5th, the Speaker will be elected on the next day.The Rajya Sabha will commence from 9th June after the joint sitting.
Senior Congress MP Kamal Nath will be the Pro-tem Speaker who will administer the oath to the new members.
He will be assisted by a panel of Chairmen, consisting of Arjun Charan Sethi (BJD), Purno A Sangma (National People’s Party) and Biren Singh Engti (Congress).
Parliamentary Affairs Minister M Venkaiah Naidu made the announcements on Thursday after a meeting of the Union Cabinet which deliberated on the Parliament session.
“We are studying various precedents while discussing the issue. There is still time to take that call,” Naidu said when asked whether Congress would be given the post of the Leader of Opposition despite it not having the requisite numbers.
“We have not zeroed in on anyone. We don’t want to zero in anyone,” he said when asked whether any name has been shortlisted for the post of the Speaker.