8/13/2019 ETM_2013_9_26_15

1/1

15WWW.ECONOMICTIMES.COM

Economy

Scheme For Capital GoodsSector on the Anvil: Govt

NEW DELHI Amidst widening trade

and current account deficits, the

government is formulating a

scheme to encourage technological

acquisition and R&D activities in the capital

goods sector to help reduce dependence on im-

ports of such goods. The Department of Heavy

Industry (DHI) is working on a policy for the

capital goods industry during the 12th plan to

make it globally competitive. To develop the

sector, we are working on a capital goods

scheme, DHI Secretary Sutanu Behuria told

PTI on the sidelines of a CII event here. The ma-

jor components of the scheme would be R&D,

technological acquisition, common facility

centres and Technology Upgradation Fund

Scheme (TUFS), he added. The DHI has circulat-

ed a Cabinet note to the concerned ministries

in this regard.

Finmin to Take Final Call onIron Ore Export Duty

NEW DELHI The Mines Ministry on

Wednesday said it has given its rec-

ommendations on export duty on

iron ore but the final call will be tak-

en by the finance ministry. Commerce and Fi-

nance departments are now involved with the

issue on iron ore export duty. What is to be

done, would be done by them. We have given

our representation, Mines minister Dinsha Pa-

tel said here. It had earlier proposed to the fi-

nance ministry to reduce export duty on iron

ore, which now stands at 30%, as a result of

drastic fall in shipments of the steel-making

raw material.

Indirect Tax CollectionsJump 4.1% in April-August

NEW DELHI Indirect tax collections

grew at 4.1% in the April-August pe-

riod of this fiscal, a finance ministry

official said. Total collection of in-

direct taxes - excise, customs and service tax -

stood at about . 1,67,000 crore during the first

five months of the 2012-13 fiscal. Excise col-

lection for April-August period stood at

. 62,000 crore, whereas customs mop up was

. 71,000 crore during the period. Service tax

collection, which has become a new focus area

for revenue officials, stood at . 34,000 crore

during the period. In August, total indirect tax

collection stood at . 31,200 crore, up 9% from

the same month last year. With an aim to widen

the service tax net, the government introduced

the concept of negative list of taxation. Gov-

ernment has set indirect tax collection target

of . 5.65 lakh crore for 2013-14.

Short Takes

OUR BUREAUNEW DELHI

The government an-nounced the setting upof the Seventh Central

Pay Commission (CPC) aheadof elections, heralding theprospect of salary increasesfor nearly 80 lakh employeesand pensioners, although theactual revisions will takeabout three years or so andcould put finances understrain at the time.

The average time taken by aPay Commission to submit itsrecommendations has beenabout two years. Accordingly,allowing about two years forthe 7th CPC to submit its re-port, the recommendations arelikely to be implemented witheffect from 1.1.2016, FinanceMinister P Chidambaram saidin a statement issued by thegovernment on Wednesday.

The Sixth Pay Commissioncame into effect on January 1,2006. Prime Minister Manmo-han Singh has approved theconstitution of the SeventhPay Commission, Chidamba-

ram said in the statement.The commissions terms ofreference and its memberswill be announced later.

Five state governments go tothe polls in November whilegeneral elections are expect-ed to be held in May next year.

The government constitutesa pay commission almost ev-ery decade to revise the payscales of its employees, whoget an inflation-linked dear-ness allowance twice a yearbut no salary revisions as inthe private sector.

State governments usuallyadopt the recommendationsafter suitable modifications.The commission award tendsto impose a significant bur-den on government finances.

Central government spend-ing on salaries and allowanc-es of just the civilian employ-ees (those who dont belong tothe defence services) rose

nearly 40% in 2008-09 after theSixth Pay Commission award

from a year before.The higher spending came

just as the global financial cri-sis broke, forcing the govern-ment to announce measuresto prop up growth. The fiscaldeficit rose to 6% in 2008-09and 6.5% in 2009-10 from 2.5%in 2007-08, a slippage the gov-ernment has still not man-aged to rein in. Chidambaramlast year announced a roadmap to trim the fiscal deficitto 3% of GDP in 2016-17.

Although higher salarieswill mean more disposable in-come in the hands of govern-ment employees, the pay com-mission award could burdengovernment finances andpush back the fiscal recovery.

No doubt, the Seventh PayCommission will lead to de-

mand in-crease in theeconomy, butit will lead toconsumption-led and not in-vestment-ledgrowth, saidDevendra Ku-mar Pant,

chief econo-mist, IndiaRatings. If in2.5 years, theeconomy does

not recover, in terms of growthand fiscal deficit, it will be a bigload for the centre and states.

Trade unions welcomed theconstitution of the commis-sion but demanded that they beset up every five years. Con-gress party general secretaryin charge of communicationAjay Maken welcomed the set-ting up of the pay commissionon Twitter. The governmentshould attract best of talent-s...Pay commissions help in at-tracting and also retaining bestavailable talents, Maken said.

Planning Commission mem-ber Arun Maira said at a Ficciseminar in Kolkata: All gov-ernment employees will wantit while others may not... Thisis a big election force It is an

interesting situation since itis election time.

Govt Announces SeventhCentral Pay Commission

Govt sets upcommissionalmost everydecade torevise the

pay scales ofits staff, whoget inflation

linkeddearnessallowancetwice a year

Salary hike for over 80 lakh staff and pensioners after three years may take toll on finances

DILASHA SETH &YASH ODHA RA DASGU PTANEW DELHI

The department of industrialpolicy and promotion (DIPP) onWednesday circulated a cabinetnote proposing 100% FDI in rail-way projects involving infras-tructure development.

A major step towards opening upthe railways sector to foreign in-vestment, the move is expected toprovide significant relief to the re-source-starved Indian Railways.According to the proposal, foreigninvestors would be allowed to hold100% stake in the special purpose

vehicles (SPVs) constructing portconnectivity projects as well asrailway lines that will connectmines and industrial hubs to theexisting rail network, which inturn would allow smoother evac-uation of raw materials.

On the Railways recommenda-tion, we have proposed 100% FDI beallowed in only infrastructure pro-jects for building lines and main-taining it. The operations side willremain with the Railways, said asenior DIPP official adding thatFDI will be permitted for first-to-last mile connectivity projects be-tween ports and mines. Currently,no FDI is allowed in railways at all.DIPP will send the note for Cabinetapproval after receiving commentsfrom various ministries.

The severe financial crunch hasslowed down railway infrastruc-ture development including con-struction of new lines, gauge con-version and doubling projects.This has led to at least . 2 lakh

crore in throw-forward projectseven while huge losses in the pas-

senger segment, currentlyamounting to about . 25,000 croreowing to subsidized fares, haveaggravated the problem.

The Railways have a target ofraising . 6,000 crore through Pub-lic-Private Partnership this yearand . 1 lakh crore for the XIIthPlan. In order to attract privateinvestors who have largely given

railway PPP projects a miss, therailways ministry also formulat-ed five participative models forrail connectivity and capacityaugmentation projects. This wasapproved by the CCEA last year.

Two of the proposed locomotivefactories in Bihar have seen inter-est from several internationalcompanies including those fromChina. The Railways is now aim-ing to attract foreign investors inmany of the upcoming projects totake them off the ground.

If approved, it will be part of a re-cent slew of reforms where thegovernment increased FDI caps invarious sectors including the de-fense sector - where 100% FDI willbe allowed on a case to case basis.India is in need for capital flows inorder to reduce its current accountdeficit (CAD) which reached a re-cord high of 4.8% of the GDP in theprevious financial year. In 2012-13,India received FDI worth $22 bil-lion which was 38% lower than

what had it had received in the pre-vious financial year.

DIPP Mulls100% FDI inRail ProjectsInvestors to control

SPVs for building port

connectivity as well

as railway lines

Hike for Babus, but

Difficult for Finances

The commission couldtake up to two yearsto give its report

Its recommendations likelyto be implemented from

JANUARY 1, 2016

Terms of reference of thecommission and its memberswill be announced later

The government could alsoraise retirement age to

62 YEARS

GOVERNMENT ANNOUNCESSEVENTH PAY COMMISSION

Fiscal Deterioration Due To 6thPay Commission Still Not Repaired

It could derailgovts fiscalconsolidationplan

FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

3.3 2.5 6.0 6.5 4.8 5.7 5.2 4.8

Salaries &allowances*

Pensions

Fiscal deficit (%)

39,8

54

44,3

61

71,7

26

93,8

33

56,1

49

89,7

52

57,4

05

95,9

84

61,1

66

1,1

0,3

08

63,8

36

1,2

1,551

70,7

26

32,9

40

22,1

04

24,2

61

( Crore)

*Excludes armed forces

What Are PayCommissions?

Why PayCommissions?

These areset up by thegovt fromtime to timeto recalibratesalaries ofgovernmentemployees

They are

usually set upevery 10 yrs

Govt salaries areadjusted for

inflation twicea year

are appropriate

Pay commissions tryand see if salaries

They also address

any distortion thatmay have arisen

Therecommendationsof 6th paycommissionbecame effectiveJAN 1, 2006

State governmentsusually adopt therecommendations

with suitablemodifications

IMPACT OF PAYCOMMISSION

OPENING UP RAILWAYS

harat Heavy lectricals Limited(A Govt. of India Undertaking)Power Sector - Eastern Region

DJ-9I1, Sector-Il, Karunamoyee,Salt Lake City, Kolkata-700 091Phone - (033) 2321 1691/1796, Fax (033) 2321 1960TENDER NOTIFICATIONBHEL invites offer from reputed/interested bidders for the job of Civil,Structural and Architectural works of Auxiliary Plant Buildings andMiscellaneous Civil Works (Package-6) for 2x660 MW Suratgarh SuperCriticalTPS,Raasthan. Bidders may download Tender Document along withother details from websites www.bhel.com and www.jantermanter.comCPP Portal or purchase Tender Document from Subcontracts Dept. between14:00 & 16:00 hrs. on any working day by remitting requisite Tender Cost(Rs. 10,000/-) in the form of CD (Drawn in favour of Bharat Heavy ElectricalsLimited). All corrigenda,addenda ,amendments ,time extensions,clarifications,etc. to the tender shall be published in the said websites only. Bidders shouldregularly visit websites to keep themselves updated. Following schedule oftendering may please be noted. Tender No, PSER:SCT:SRG.C1467:13,TenderStart Date: 26/09/20 13. Due Date of Submission 1711012013.ENGINEER SCfl

Under the initiative fordevelopment of U ltra MegaPower Projects launched by Ministry of Power,Govt .of India, Coastal Tamil Nadu Power Limited(CTNPL), a wholly owned subsidiary of PowerFinance Corporation Limited (A Government ofIndia Undertaking), as the AuthorisedRepresentative to carry out the bidding processfor procurement procurementf power by utilities of Sevenbeneficiary States from the Project , invitesapplications for selection of eligible bidders fordevelopment and operation 014000 MW CheyyurUltra Mega Power Project on DBFOT basisfollowing a two stage process of Request forQualification RFQ) and Request for Proposals(RFP). Interested Applicants may refer to theRFQ notification and RFQ document , which willbe placed under What s New on PFC websitewww.pfcindia.comw.e.f. 26.09.2013.

Applicants may obtain the RFQ document fromProject In-charge , CTNPL , First Floor,Urjanidhi ,1,Barakhamba Lane,ConnaughtPlace,New Delhi.Tel.: 91-11-23456185,Email:cheyyurumpp@pfcindia.com . The REQ maybe purchased from 26 .092013 to 10.11.2013 onall working days between 0930 hrs. o 1630 hrs .on payment of a non-refundable cost of 12,10,000/- in the form of demand draft infavour of Coastal Tamil Nadu Power Limitedpayableat New Delhi.The last date of submission of application forpre-qualification is 11.11.2013(1530hrs. 1ST).The document could also be downloaded fromthe website www.pfcindia.com and in such acase , the Applicant shall have to submit thedemand draft alongwith the application.

4000 MW Cheyyur UMPP near Cheyyurvillage is a coastal power project based onimported coal with captive port at Panaiyur , obe developed on DBFOT basis.The beneficiary states are Tamil Nadu ,Karnataka , Andhra Pradesh, Maharashtra,Kerala ,UttarPradesh and Punjab.

The site is located near Cheyyur Village ,District Kancheepuram in the State of TamilNadu. The nearest railway station isAcharapakkam (about 21 km) and the nearestairport is Chennal (about 96 km) . NearestHighway is ECR (about 6 km)/ NH-45(about 22 km).

Note: Coastal Thmi Nadu PowerLimited reserves the right to cancel ormodifythe process withoUt assigningany reason and without anyiiability. This is not an offer.Applicants should regularly visit the above website to keep themselves updated regardingclarifications amendments/time extensions, if any.Coastal Tamil Nadu Powe r Limited(A wholly owned Subsidiary of Power Finance Corporation Ltd ., A Aovt . of India Undertaking)Registered Office: First Floor, Utjanidhi,IBarakhamba Lane, Connaught Place, Now Dolhi-I10001Fax: 011-23456170; E-mail: cheyyurumpp pfcindia .com

An Initiative of

Power Finance Corporation Ltd.(A Govt. of India Undertaking) Ministry of PowerGovernment of India Central Electricity Authority

The Project I

GLOBAL INVITATION FOR PRE-QUALIFICATIONOF APPLICANTS

Nodal AAency1

Project Site

Note: Coastal Thmi Nadu PowerLimited reserves the right to cancel ormodifythe process withoUt assigningany reason and without anyiiability. This is not an offer.Applicants should regularly visit the above website to keep themselves updated regardingclarIficatIons mendments/time extensions, if any.Coastal Tamfi Nadu Power Limited(A wholly owned Subsidiary of Power Finance Corporation Ltd ., A Aovt . of India Undertaking)Registered Office: First Floor, Utjanidhi,IBarakhamba Lane, Connaught Place , Now Delhi-110001Fax: 011-23456170; E-mail: cheyyurumpp pfcindia .com

An Initiative of

C M diLk KB TS 1oNSIE K S ELCIA 1 0 0 1 : 2 0 0 8

REGISTER as aComp ti mentary Delegate

TNSILISO 9001:2008

B o o k your Spac ein in XPO

To be a Sponsor,Exhibitor,Delegate ,VisitorContact DenziI D Souza at denzil.dsouza@mmactiv.inMobile: +91.98214 47064 I Ema i l : enquiry@bangaloreite.bizEvent PartnerMMJ 77VScTech Conimunications

October 22 - 24 I The Lalit Ashok,BangaloreGalvanizing the next IT & ELectronics Revolution

) LEADERSHIP DAY - Tuesday, Oct 22in u ur on , Keynote TaLks and CEO ConcLave addressed by Leaders of theNation , Industry Captains ,PoLicy Makers on thefuture of IT & Electronics.

KNOWLEDGE DAY - Wednesday Oct 23Over 30 Experts to add ress two tra cks focus ing Big Dat a , Dig ital Analytics ,CLoud , R&D , Strateg ic Electronics , ESDM Landscape and lot more con ductedby NASSCOM .AMCHAM and IESA.-

) BUSINESS DAY - Thursday Oct 24Experts from MNCs & PSUs to conduct Vendor Deveopment Workshop forMSMEs to famiLiarize them with the best global practices and meet exactingstandards in manufacturing, conducted bylESAand CLIK.

Association PartnersNASSCOM

ELCIA BANGALOREA[] IN ,k

Bangal.o re Itbiz is nowBangalorelTE.biz

India s s remier IT & Electronics event 2Q13Host

DMI BECo-Host

3lT Cs - I

Regis ter Quick

Scan QR Codewww .bangal oreite.biz

Supported By

KB TS 1oi iFoLLow Bangatore ITE.biz on

M A D H Y A P R A D E S H R OAD DEVEL OP M E N TCORPORATION LIMITED(A Govt. of M.P. Undert aki ng16-A , Arera Hills, Bhopal-462011 (MP)Tel. 0755-2765196 , 2765205,2765213, Fax: 0755-2572643Website: http://www.mprdc.nic.in

NIT No. MPRDC/BOT/PQICC/2013/6333 Dtd. 14.8.2013International Competitive Bidding for Pre-qualificationof Prospective Bidder for development of IntegratedInternational Convention-cum-Exhibition Centre atDiamond Park, Industrial Area , Rangwasa, Rau, Distt.Indore.The last date of Purchase of tender is extended to 03.10.2013.Accordingly other key dates are revised. The same may beseen on the website http:Ilmprdc.mpeprocurement.gov.inM.P. Madhyam/68461/2013 MANAGING DIRECTOR

i:ha rat Heavy Electr icals LimitedCLLLi CENT RAL DESPATCH CELLBlock -VI Annexe , Ground Floor,Western Wing, Bhopal - 462 022.Tel.:0755-2502533, Fax: 0755-25001B1 E-mail: minocha@bhelbpl.co.in

Sub: NOTICE INV NG TENDER (NIT) for Rate Contract for packingwork indifferent blocks inside factory areaRef: CDC/RC/E-00313 due for submission on 18th Oct. 2013Sealed tenders are invited from the tenderer who have worked as Labor Contractor inBHEL / / SU I Govt. / / emiGovt. I reputed Public Limited Company having valid Laborlicense No. Registration No., PF ,ESI,PAN No. of income tax department and service taxregistration no or entering nto a Rate contract for packing work indifferent blocks insidefactoly area in BHEL Bhopa.The ender terms and condftions are enclosed herew as document No CDC/031 3

The TWO part bid n closed cover clea ly indicating h e ender reference and subject mustreach in the Tender Box kept in the Tender Room located at Ground Floor ,West-Northern Side of BHEL-Administrative Building by 1100 hrs on 18th Oct. 2013.Bids Part-I) shall be opened on he same day and venue at 14.00 hours in he presence ofbidders authorized representatives who may be present.All cor genda, addenda, amendm ents , time extensions,clarifications ,etc., to the tenderwill be hosted on HEL websites (www.bhelbpl.co.in and www.bhel.com) ONLY.Biddersshould regularlyvisweb sitesto keep hemselves updated.CPR-1O(T)/240/13-14CDC Additional General Manager ICDC

SIKKIM UNIVERSITY [A Centra l Un ivers ity es tab l ished by an Ac t o f Parl iament of India on Ju ly 2 2 0 0 7 ]6th Mile, Samdur, PC. Tadong , Gangtok , Sikkim-737102

Telephone : O3592251403 ,251656Expression of interest invi ted fro m m ual ified andfInanciallysound agencies to participate inArchitecturalDesign Designompetition for selection of the empanelment ofArchitect for Academic cum Residential Campus ofSikkim University at Yangang.Last Date 31.10.2013.For details visit ww wikkimuniversitycin Sd/-K. M. DebRegistrar

1I IE PI ,1