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March, 20162MIDNIGHT REPORTER

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IPS IASRamesh Abhishek IAS officer Bihar

1982 batch, who is presently postedas OSD(Secretary Level) is createdby upgrading the vacant post of Addi-tional Secretary in Department DIP&PGOI, has taken over as Secretary De-

partment of Industrial Policy and Promotion(DIPP),Government of India.

Sundeep Kumar Nayak, IAS officerJammu& Kashmir 1988 batch who ispresently posted as Principal Secre-tary to Relief and Rehabilitation Depart-ment. Government J&K,has taken overas Principal Secretary Tourism in J&K

GovernmentAnoop Kumar Srivastava IAS of-

ficer Assam- Meghalaya 1981 batch,who is presently posted as Secretary,Border Management(BM) Ministry ofHome(MHA),Government of India, hasbeen given an additional charge of Of-

ficial Language for a period of three months.Pankaj Rag IAS officer Madhya

Pradesh 1990 batch, who is presentlyposted as Joint Secretary in Govern-ment of India, has been given an addi-tional charge of Director General ofNational Archives of India (DG, NAI)

for a period of six months.Rajiv Nayan Choubey IAS officer

Tamil Nadu 1981 batch, who is pres-ently posted as Civil Aviation Secre-tary, GOI, likely to be appointed as Ex-penditure Secretary, Government ofIndia, in place of R.P Wattal IAS.

Badri Narain Sharma IAS officerRajasthan 1985 batch, who is presentlyposted as Additional Secretary, Minis-try of Power Government of India, hasbeen appointed Additional Secretary ofRevenue Ministry of Finance, GOI.

Parvez Hayat IPS officer ofJharkhand 1984 batch who is pres-ently Posted as Chief VigilanceOfficer(CVO) of Power Grid Corpora-tion of India Limited,will be appointedas Additional Director General(ADG)

BPR&D, Ministry of Home Affairs(MHA) Govern-ment of India.

Ankit Kumar Garg IPS officerChattisgarh 2004 batch, who is pres-ently posted as has been appointedas Superintendent of Police in NationalInvestigation Agency (NIA) for a pe-riod of four years.

K.P Singh IPS officer Haryana1985 batch, who is presently postedas Director General Police (DGP)Crime,Haryana Police, has been ap-pointed Director General ( DG) withPrakash Singh Committee in addition

to his own duties,Praveen Sinha IPS officer Gujarat

1988 batch who is presently postedas Additional Secretary (JS Level)Central Vigilance Commission(CVC),GOI, New Delhi, has been appointednew Additional Secretary in the Cen-

tral Vigilance Commission (CVC) GOI.S.N Singh IPS officer Assam-

Meghalaya 1991 batch, who is pres-ently posted as IGP (Law&Order),Assam Police, has joined as ADGP,(Law&Order) and Special TaskForce(STF L&O) Assam Police

Surendra Kumar Bhagat IPS of-ficer Uttarakhand 1982 batch, who ispresently posted as ADG, CRPF,Western Sector Jammu& Kashmir, hasbeen promoted as Special DirectorGeneral, CRPF,Western Sector

Jammu& KashmirD.K Pandey IPS officer Jharkhand

1983 batch, who is presently postedas Director General of PoliceJharkhand, will be joining central depu-tation shortly as Additional DirectorGeneral(ADG) Border Security

Force(BSF) Force Headquarters New Delhi.Satyajit Mohanty IPS officer

Odisha 1988 batch, who is presentlyposted as the additional director gen-eral (ADG), Headquarters(PHQ)Odisha Police, has been given addi-tional charge of additional director gen-

eral (ADG), Law and Order, Odisha Police.

Surprising One !P.K. Mohanty New ChiefSecretary Of Kerala

How is it possible! Surprising ,but it’s a fact that 1980 batch IAS officer PK.Mohanthyis the CS of Kerala.The news is correct that the government has appointed officer

PK.Mohanthy as the CS,but by mis-take many of the magazines andthe web sites have used the pictureof another officer PK.Mohanthy ,whois a former CS of AP of 1979 batch.Ita confusion all around and thepeople does not know about haveaccepted that, ok this officer is thenew CS of Kerala State.Becauseboth of the officers name soundssame, which has confused the me-dia also.

Though it’s a mistake, but ex-citing to see the news thatMr.Mohanty is on screen and mak-ing rounds in the power of corridors.So now the dilemma is one shouldwish the former CS Mr.Mohanntyor not !

SM IG (Pres), BSFSantosh Mehra

IPS Andhra Pradesh1987 batch, who ispresently posted asIG, Frontier Head-quarters. BSF, Guj-arat, has taken overas IG(Pers) BorderSecurity Force(BSF), Headquarters, New Delhi.

DP tookover as DG,CRPF

K.Durga Prasad IPSofficer Telangana 1981batch, who is presently

posted as Special Director General CRPF,(FHQ) New Delhi, has taken over chargeas Director General, CRPF (FHQ)NewDelhi.

IFS* Sujan R.Chinoy IFS officer 1981batch who is

Presently as Ambassador of India to Japan,hasbeen concurrently accredited as the next Ambas-sador of India to the Republic of the Marshall Is-lands with residence in Tokyo.

* Ketan Shukla IFS officer 1986 batch, who ispresently posted as Joint Secretary in the Ministryof External Affairs(MEA), has been appointed asHigh Commissioner of India to the Republic ofBotswana.

Alok Verma Takes Charge As DelhiPolice Commissioner

New Delhi: Senior IPS officer Alok Kumar Vermatoday took charge as the new Delhi Police Commis-sioner at a time it is battling mounting criticism overhandling of the JNU row. Kumar succeeds B S Bassiwho was at loggerheads with the AAP governmenton a range of issues in the last one year. Verma, a1979 batch IPS officer of the AGMUT (ArunachalPradesh-Goa-Mizoram and Union Territory) cadre,was serving as the Director General of Tihar jail.

He assumes charge of Delhi Police when it isbattling mounting criticism over handling of the JNUrow. Verma, who had joined as DG of Tihar on Au-gust 6, 2014 after serving as Special Commissionerof Police (Administration), is set to retire after 17months.He served Delhi Police in number of posi-tions, including Deputy Commissioner of Police,

South District, Joint Commissioner of the Crime Branch, Joint Commissioner ofPolice, New Delhi Range, Special CP (Intelligence) and Special CP, Vigilance.He hadserved as the Inspector General of Police in Andaman and Nicobar Islands andDirector General of Police (DGP) of Puducherry.

Coast Guard Gets First Its ‘Own’Chief As Rajendra Singh

Breaking away from tradition, Rajendra Singhhas been appointed as Director General (DG) ofthe Indian Coast Guard - the first officer from themaritime security agency to be elevated to the toppost. Usually, a Naval officer heads the agency.

The Appointments Committee has approvedSingh’s promotion. He is currently Additional DGof the Coast Guard.He will replace Vice Admiral HC S Bisht, who has been appointed as the EasternNavy Command chief.Singh is currently additionaldirector general of the Coast Guard,took the oath..“There were two previous DGs, P Paleri andRameshwar Singh, who were commissioned intothe Navy but were later absorbed in the CoastGuard. But Rajendra Singh is the first regular Coast

Guard officer, who was commissioned as an assistant commandant in 1980, tobecome its chief,” said an official.

IFS Officer KumaranPosted ToDefence Ministry

A senior diplomat Shambhu S Kumaran todayjoined the defence ministry, taking charge of a keydepartment that focuses on relationship with foreigncountries. This is the first time since 2007 that an In-dian Foreign Service officer has been posted as jointsecretary, planning and international cooperation, inthe ministry.

In his new posting, Kumaran, a 1995-batch IFSofficer, will spearhead India’s defence policy vis-a-vis foreign countries. The postwas occupied by IAS officers since 2007.

Ramesh Abhishek Takes Charge As New DIPP SecretarySenior IAS officer Ramesh Abhishek today took charge as

the new secretary in the Department of Industrial Policy andPromotion (DIPP). Abhishek took over the charge from incum-bent Amitabh Kant, who retired yesterday to join as Niti AayogChief Executive Officer.

Govt Cuts TenureOf Sushma

Swaraj’s PrivateSecy Meenu

New DelhiThe tenure of IPSofficer MeenuChoudhary asPrivate Secre-tary to OverseasIndian AffairsMinister SushmaSwaraj has beencurtailed and shehas been ap-pointed as PS toLaw Minister D V

Sadananda Gowda. The move comes asgovernment had last month announcedmerger of Overseas Indian Affairs Minis-try with External Affairs. The Appoint-ments Committee of Cabinet (ACC) hasapproved premature cessation of chargeof Choudhary as PS to Minister for Over-seas Indian Affairs Sushma Swaraj, anorder issued by Department of Person-nel and Training said.

CBI Likely To Set Up SpecialBranch In Mumbai

New Delhi: In view of increasing cybercrime cases, CBI is mulling setting up aspecial branch here to probe such of-fences, its director Anil Sinha said.

Sinha was in the city to inaugurate thenewly constructed 13-storey office of CBIin suburban Bandra-Kurla Complex. All itsbranches like anti-corruption bureau, eco-nomic offences wing and special crimebranch will now operate from the newoffice.

“Over the last two years, the cyberworld has witnessed a surge in activities.I am contemplating, provided we get co-operation from the state government, set-ting up a branch to probe cyber crime of-fences,” Sinha said.

Akshaya KumarSahoo tookcharge as Di-rector (Fin)ofMRPL,the miniratna category.

T.Chockalingam,appointed as aDirector (Fi-nance) of Bha-rat Heavy Elec-tronics Ltd.

Public Sector

Sanjay Bhatia,IAS (85) likely tojoin as Chairmanof the BombayPort Trust.

Gurdeep Singhjoined as CMD,National Ther-mal Power Cor-poration Limited.

Mukund P Chau-dhary, Director(Finance) MOIL,selected for thepost of CMD,MOIL Ltd.

Alok KumarVerma, IPS (79)taken overcharge as Com-missioner ofDelhi Police.

Bureaucracy

Atanu Chakra-borty , IAS(85)been appointedas DG, Director-ate General ofHydrocarbons.

PK Mohanty,IAS(80) is the newChief Secretaryof Kerala. Moha-nty will succeedJiji Thomson.

Jiji Thomsonformer IAS,(80)officer appoin-ted as advisor toChief Minister ofKerala.

BK Singh, IPS(94) OSD toRajnath Singh,HM deputationhas been ex-tended.

4 March, 2016MIDNIGHT REPORTER

Main Hoon NaThe T State Police Force Head Anurag Sharma will be on his

toes when it comes to the welfare of the families of policepersonals.As per our ‘khabri lal’ during the visiting hours familymembers of the police martyr’s came to see him, but when hecame to know that they are about 35 members and cannot ac-commodate in his cabin,the security was insisting to allow onlyfive members to meet him, then the big boss directed the securityto hold on and instead he himself came out of his cabin, met all themembers personally and had a word with them.So, here the topcop is playing a role of ‘Main Hoon Na’ for martyr’s families.

Mil Gaya…Getting an extension for T CS Rajiv Sharma is a

expected one,as the CM himself put a word to thehonorable PM for his extension. As persources,during his tenure CS played the vital role forthe new state and the CM acknowledging his effortsdecided to take his services for some more time.Kyabaat !

Top Payees…Customs, Central Excise and Service Tax,

Hyderabad zone, Chief Commissioner R.ShakuntalaDevi participated in the 73rd Central Excise Daycelebrations.After a gap the versatile lady officer seenon the stage.In the event she said that more thanRs.300 crore was added to the tax collection. GiriCoal,cigarettes and cement firms involved in dealing inthese commodities either in manufacture or excava-tion were the top assesses of the Central Excisecollections in the Hyderabad zone comprisingTelangana this financial year.Singareni Colleries,Hyderabad Deccan Cigarette Factory, VST Indus-tries, Orient Cement and India Cements were toppayees of the tax besides ACE Tyres.

JoshThe new CS of AP Satya Prakash Tucker is in

news for his commitment and hard work.The officeris working with full josh, dealing smartly with the tasks.Whereas the government is working on various as-pects to attract the investors and to provide betteramenities to the public.The CS and his team workingon it as per the vision of honorable CM.

KeyThe Addl. DG R.P.Thakur maintains low profile,

doesn’t wish to be on screen. Whereas he is handling& tackling the day to day matters of the state verysmar tly under the command of AP, DGJV.Ramudu.The key cop is moving smoothly & ef-fectively, though shortage of the force, but when itcomes to the policing he is quite tough and nevergives ups.

ColorsColors….! Not talking about a channel. Now a

day’s various colors are seen at Chanchalguda prison,then it might be a preparation of the festival Holi…..,but no it’s something else.The news is recently oneexhibition held at State Art Gallery, where jail inmatesshowed their talent, near about seventy paintingswere displayed….! Wow kya baat !OfficerDG,Telangna State Prisons VK.Singh might be oncloud nine, infact it’s a best initiative from his side toboost the hidden talent of the jail inmates.

Samaj Sewa The former CS of AP I.Y.R.Krishna Rao is the new Chairman

of AP Brahmin Welfare Corporation, as extending the financialassistance to the needy towards scholarship, education, coachingfor competitive exams & skill development are its activities.

Pani-Pani Re… The famous song of the film ‘Maachis’ pani-pani re….! is

again on the screen after the announcement of ‘ek rupey meyek liter pani’ scheme by HMWSSB MD Dr.B.JanardhanReddy.Now the general public is awaiting for ‘thanda-thandapani’…!Moreover the people are excited to use the newapp.Another news is as a GHMC Chief Mr.Reddy is hectic in100 daysaction plan & collection of property taxes.

Fresh Breeze Now the people can have a pleasant time at Hussain Sagar

, as the Tourism Department is proposed to erect the fra-grance water plants, with that the surrounding area will bebreeze with khusboo & khusboo…!!! The T Tourism SecretaryB.Venkatesham has taken the initiative and very soon the thingswill be done.Another news is the entire ‘D Block’ is promotingthe tourism, yes the beautiful pictures of various destinationsis erected in glass frame on the walls of the block, which arequite attractive, applaud to the officer.

MissionIT Secretary Jayesh Ranjan is on the mission to brand the

state.Yes ! the officer is seen in some meetings with the inves-tors and thus he is playing the vital role in presenting thescope in IT sector , which is attracting the companies to stepforward to enter the state.Best efforts !!!

Good OneThe Hyderabad Police Chief M.Mahendar Reddy is pump-

ing up the cops by giving the rewards for their outstandingservices.This is surely going to work, as in the recent eventnear about 90 cops of various level and department wereawarded and had a snap with Mr.Reddy. Most of the cops areexcited to be on screen with their chief and working hard to beon stage.This initiative will work like ‘Glucon-D’ for the cops.

Thumbs Up‘Thumbs Up’ for Visakhapatnam Police Commissioner Amit

Garg, who is in the good notes of AP CM for his best perfor-mance during Partnership Summit & International Fleet Re-view. Though one of the unhappy Minister’s complaint the smartCM applauded Amit’s performance and asked for his wish listto strengthen the policing.

ChangeNavin Mittal is posted as a new Secretary of Finance

Department in the recent reshuffle.What we can say morethan endorsing that posting Mittal on above post is a rightchoice.Yes, the officer skills deserve the post !!

Why ? The very hardcore officer Bhanwar Lal is looking for a

promotion & for a transfer and why the government is notconsidering his request.The officer did a wonderful job duringearlier elections , which is just not easy task. The governmentshould take a positive stand for him, as such officers need tobe encouraged.

Proud Pa…Let’s focus on the news which made the officer Harish

Kumar Gupta,IPS(AP) as ‘Proud Pa’…!!!As per the news hisdaughter Pariyal has secured first rank in the InternationalFrench Language Olympiad-16.The competition was among14 nations, in which she secured 100% scoring.Really it’s amatter of proud for father Mr.Gupta.Best wishes to DearPariyal…!

HighNews is, officer Dana Kishore got the permanent charge

as Commissioner& Director of Municipal Administration. Gov-ernment is quite happy with his work and according to hisperformance a best posting comes home for the officer.

Bureaucracy


Public Sector

Bank of Baroda posts recordRs.3,342.04 crore loss in Q3

Public sector lender Bankof Baroda on Saturday said itposted a net loss ofRs.3,342.04 crore for thequarter ending December 31,2015 against a net profit of

Rs.333.98 crore posted in the same period of the last fiscal.According to the unaudited financial results posted on the Bombay

Stock Exchange (BSE), the bank’s total income in the quarter wasRs.11,726.95 crore as against Rs.11,808.34 crore in the same quarter of2014-15, and expenses rose to Rs.10,022.81 crore from Rs.9,469.3 crore.

However, its provisioning for non-performing assets (NPAs) escalatedfive-fold to Rs.6,474.14 crore against Rs.1,149.82 crore in the same quar-ter of 2014-15. At the end of quarter under review, gross NPA stood at 9.68percent and net NPA at 5.67 percent.

IOB loss zooms to Rs.1,425 croreGovernment-owned Indian Over-

seas Bank on Wednesday said itclosed the third quarter of 2015-16 witha net loss of Rs.1,425.06 crore ascompared to net loss of Rs. 516.03crore for the quarter ended Decem-ber 31, 2014. In a regulatory filing in

BSE, the bank said its total income has decreased from Rs.6,647.45 crorefor the quarter ended December 31, 2014 to Rs.6,445.78 crore for thequarter ended December 31, 2015.

Bank of Maharashtra postsRs.89 crore profit

Government-owned Bank ofMaharashtra on Wednesday said itclosed the third quarter of the cur-rent fiscal with a net profit ofRs.89.06 crore as against Rs.57.24

crore posted during the same quarter of the last fiscal.In a regulatory filing in BSE, the bank said its total income for the period

under review was Rs.3,475.98 crore up from Rs.3,366.85 crore earned forthe quarter ended December 31, 2014.

Vijaya Bank net up 41 percent in Q3State-run Vijaya Bank on

Friday reported net profit ofRs.53 crore for third quarterof 2015-16, registering 43percent annual growth fromRs.37 crore posted in same

period a year ago. The city-based bank’s operating profit grew 26 percent toRs.443 crore in the quarter under review from Rs.351 crore in the likeperiod year ago. Vijay Bank’s provision coverage ratio stood at 58.07 per-cent while gross Non Performing Assets (NPA) ratio was 4.32 percentamounting to Rs.3,871 crore and Net NPA ratio was 2.98 percent amount-ing to Rs.2,635 crore at the end of Q3 2015-16. The bank’s advancesincreased to Rs.89,696 crore against Rs.79,136 crore, with priority sectorportfolio advances rising to Rs.34,955 crore, direct agriculture to Rs.12,859crore and total retail advances to Rs.22,204 crore.

PNB Q3 net profit at 51 crPNB said it posted a net profit of

Rs.51.01 crore for the quarter endedDecember 31, 2015, againstRs.774.56 crore for the quarterended December 31, 2014. The totalincome is Rs.13,891.20 crore for thequarter ended on December 31,

2015 whereas the same was Rs.12,904.85 crore for the quarter ended onDecember 31, 2014. The provisions went up to Rs.3,775.53 crore duringthe third quarter this fiscal up from Rs.1,467.77 crore provided during thequarter ended December 31, 2014. The PNB’s non-performing assets (NPAs)stood at Rs.22,983.40 crore as on December 31, 2015 up from Rs.13,787.76crore as on December 31, 2014. According to PNB, it has recogniseddeferred tax assets amounting to Rs.1,132.04 crore which was hithertorecognised as at the year-end, in accordance with the applicable Account-ing Standards.

BHEL bags Rs.5,600 Crore order in Tamil NaduReposing confidence in BHEL’s tech-

nological and project execution capabili-ties, the Chief Minister of Tamil Nadu, SelviJ. Jayalalithaa, handed over the Letter ofAward (LoA) for setting up of the MainPlant Package for the 2×800 MW UppurSupercritical Thermal Power Project(TPP) to Atul Sobti, CMD, BHEL, inChennai. This was followed by the foun-dation stone laying ceremony of theproject. Against International CompetitiveBidding (ICB), Bharat Heavy ElectricalsLimited (BHEL) has bagged this majororder for setting up the 1,600 MW coal-based thermal power project withsupercritical parameters, involving twounits of the country’s highest rating 800

MW sets, in Tamil Nadu. Valued at around Rs.5,600 Crore, the order for the main plant package for the greenfield2×800 MW Uppur Supercritical Thermal Power Project, located in Ramanathapuram district of Tamil Nadu, hasbeen placed on BHEL by Tamil Nadu Generation and Distribution Corporation (TANGEDCO).

Significantly, this is the second 800 MW rating supercritical order awarded to BHEL from TANGEDCOin lessthan a month, reinforcing BHEL’s position at the forefront of the power equipment industry in India.

PFC pays 2nd Interim Dividend of Rs. 402.72Crores to Govt. of India

Piyush Goyal, Union Minister of State (IndependentCharge) for Power, Coal, New and Renewable Energywas presented with the interim dividend cheque of Rs.402.72 Crores by M.K.Goel, CMD, PFC towards 2ndInterim Dividend for the FY 2015-16. Present on theoccasion were P.K.Pujari, Secretary, and Dr. Arun KumarVerma, Joint Secretary from Ministry of Power, Govt. ofIndia and R.Nagarajan, Director (Finance.),A.K.Agarwal, Director (Projects) and D.Ravi,Director(Commercial) from PFC.

Presently, the Government of India holds about67.80% of the paid-up Equity capital of the Companyand the balance is held by Institutions and Public.Forthe year 2015-16, PFC has declared and paid 1st In-

terim Dividend @ 88% and the 2nd interim dividend @ 45% of the Company’s Paid-up Equity Capital to theShareholders. The interim dividend of 133% of Paid-up Equity Capital is all time high dividend declared by theCompany for any financial year.

PFC is a consistently profit-earning and dividend-paying company. PFC has been continuously rated as‘Excellent’ by Govt. of India for the last several years for its performance against MOU targets.

REC pays Rs. 718.52 cr interim dividend to GOIRajeev Sharma, Chairman and

Managing Director of Rural Electrifica-tion Corporation Limited (REC), aNavratna Public Sector Undertakingunder Ministry of Power, presentedRTGS credit advice towards paymentof Interim Dividend for the Financial Year2015-16, amounting to Rs. 718.52 croreon the shareholding of Government ofIndia in REC to Piyush Goyal, Ministerof State for Power (IndependentCharge) on Tuesday, March 1, 2016 in

the presence of P.K. Pujari, Secretary, Dr. Arun Kumar Verma, Joint Secretary and senior officials of REC.Further, for the nine months ended December 31, 2015, the Company sanctioned new projects of Rs. 49,262

crore and disbursed Rs. 34,031 crore to various power sector borrowers. During the said period, the Companyrecorded a PBT and PAT of Rs. 6272.52 crore and PAT of Rs. 4467.63 crore, thereby registering a y-o-y growthof 9% and 7% respectively.

SAIL posts Q3 net loss of over Rs.1,500 croreSteel Authority of India (SAIL) on Tuesday reported a net loss of Rs.1,528.73 crore for the

third quarter (Q3) of the current fiscal. The company had earned a net profit of Rs.579.09crore during the corresponding quarter of last fiscal. The company’s total income during thequarter under review decreased by 21.06 percent to Rs.9,043.71 crore from Rs.11,457.54crore for the quarter ended December 31, 2014.

Global Steel prices have registered a steep fall over the last year falling from around $460to $280 mainly due to slowing Chinese consumption which is leading to oversupply of cheapsteel into the market. Imports into India are at an annualized rate of 12 million tonnes, whichis 20% up over a very high base of FY’ 15 when they had surged by 75% over the previous

year. The domestic market continues to suffer from the rising imports particularly from China, Japan & Korea atprices which are much lower than the domestic cost of production, affecting the margins of steel producersoperating in India. Chairman, SAIL, Shri PK Singh said ‘the global scenario is very challenging and demand-supplyimbalance resulting in price adjustments is hurting the domestic steel industry. We are focused on ramping upproduction from our new units and are adopting cost efficient strategies to improve our NSR. The recent favorablepolicies announced by government and its concerted efforts to enhance infrastructure spends in viable sectorswill improve the domestic demand and provide some relief to the Indian steel industry.’

NHPC Q3 net doubles to Rs.388 crore on moreoperating income

ndia’s largest hydel power producer, state-run NHPC on Wednesday re-ported more than doubling of its net profit for the third quarter ended December2015 at Rs.388.02 crore, compared to Rs.179.83 crore in the same quarter lastyear, buoyed by higher income from operations. NHPC’s net sales during thequarter in question stood at Rs.1,440.90 crore, as against Rs. 1,177.04 crore inthe corresponding quarter of the previous fiscal, the company said in a stockexchange filing.

“In view of the seasonal nature of business, the financial results of the cur-rent quarter may not be comparable with previous quarter of current year,” it said.

The company’s total expenses during the quarter in consideration increased to Rs.1,016.69 crore, comparedto Rs.959.63 crore in the same period a year ago.

BankingFormer CAG Vinod Rai Appointed FirstChairman Of Banks Board Bureau

New Delhi: Former CAG Vinod Rai was to-day appointed first Chairman of the Banks BoardBureau, which will advise the government ontop-level appointments at public sector lendersand ways to address the bad loans problemamong other issues.

Besides, ICICI Bank’s former Joint Manag-ing Director H N Sinor, Bank of Baroda’s formerCMD Anil K Khandelwal and rating agencyCRISIL’s former chief Rupa Kudwa have beenappointed members.

In a statement, the government said PrimeMinister Narendra Modi has approved the pro-

posal of the Department of Financial Services for the constitution of BanksBoard Bureau (BBB) with the named persons as “part-time Chairman/Members, besides the ex-officio official members, for a period of two years”.


We Build Relations-Not Just Homes

A gentleman from a constructionindustry,very much committed and believes innot just building homes ,but relations that lastlong.Meet the realtor cum master of relationsMr.CH.Ramachandra Reddy, managing direc-tor of a reputed construction companyR.V.Nirmaan Pvt Ltd and also the Hon. Secre-tary of CREDAI, Telangana State.

Acceptance of customization, allowing thecustomers to improve the specifications andamenities according to the latest trends as perthe rule position is one of the best effort to main-tain the relations. Apparently in the year 2009-11 when the real estate rates were down thecompany continued with three projects i.e., R.V.Aadivk, R.V. Avaneendra & R.V. Maanyatha of1.2 million square feet,all completed within timeand handover to the customers,whereas manyof the realtors are forced to stop their venturesbecause of the rate variations and have to waittill the market stabilizes making their custom-ers annoyed. This is the only reason that thecompany doesn’t need any promotions &advertisements,the ventures go on with refer-rals and over a word of mouth.

In 1995 R.V.Nirmaan Pvt. Ltd. is consti-tuted that came into lime light in 1999 for itshuge venture in 1 ½ acre of land at Chandanagar,which was a quite rare happening during thatperiod. The company has completed more thanfifty projects till date with near about 3 millionsquare feet of construction area, another 2 mil-lion square feet area is under construction.

It’s present ongoing ventures are atKondapur,310 flats of 5 lakh square feet area,in Miyapur,196 flats of 3.2 lakh square feet areaand Suchitra Circle two ventures of total 6 lakhsquare feet. The company is coming out withapartments on 11 acres at Miyapur with 20 lakhsquare feet area and venture at Vizag in 9 acres,which are under pipe line in a joint venture. Infact 111 villas proposal at Kismatpur on 10 ½acres is also under pipeline.

Mr.Ramachandra Reddy is an engineerstudied from OU belongs to a agriculture familyfrom Karimnagar District, Peddapally. He did PGDiploma in Journalism and wrote articles onsubjects like revenue & registration in variousleading news papers. In the year 1988 Mr.Reddystarted his innings with the structure consulta-tion and entered in construction industry in theyear 1990, that’s the reason today he is knownfor his vast experience in costing & revenuestatistics in the construction industry. In facttoday reputed builders take his advice for theirventures.

Now it’s a healthier time for the CREDAImembers and off course the credit goes to thegovernment initiatives, whereas customers arealso getting the Flats in the new constructionsin Hyderabad at 30 % less rates in the citycompare to other cities like Pune, Chennai &Bangalore.

Indiabulls Real Estate Fund invests Rs125 cr in Mumbai projectIndiabulls Real Estate Fund (IREF) has invested Rs.125 crore in an upcoming residential project in south

Mumbai, its fourth transaction from the fund. IREF, the first of the several real estate-focused funds managed byIndiabulls Asset Management Co. Ltd, made the investment in the form of structured debt in a project by the ShreeNaman Group. With this, the fund has deployed almost 90% of its capital. It has invested Rs.100 crore each inprojects of Supertech Ltd and Vatika Group in the National Capital Region (NCR) and Rs.125 crore in ShethCreators Pvt. Ltd’s project in Mumbai during the course of last year, after launching its fund in February 2015.

The remaining Rs.50 crore will be deployed through another transaction. In line with its proposed strategy, IREFhas invested in approved, under-construction and upcoming residential projects with visible sales, primarily in keyproperty markets.

Getamber Anand, national presi-dent of industry body Confederationof Real Estate Developers’ Associa-tions of India ( CREDAI) says the gov-ernment has actually understood thatease of doing business has to becomereality to spruce up the GDP. ”Therehas been a lot of rationalization oftaxes. Small pain points of the realestate industry like harassment byexcise department on ready mix con-crete being manufactured on site forself use have been addressed,” hesays. In his speech, Jaitley extendedexcise duty exemption, which is pres-ently available to concrete mix manu-factured at site for use in construction work to ready mix concrete as well.

”On the supply side, for creating affordable housing, they have under-stood that without private sector participation, this cannot be achieved sotherefore certain incentive has been provided for private players by way oftax exemption for houses that are made in the next three years. This is verywelcome,” he says. Anand pointed out that the big challenge before theindustry is to now lobby with states to increase density norms to achieve 30sq metres and 60 sq metres of housing. In Haryana, for examples, thedensity norms are so low that you cannot do 30 sq metres of housing at all.”Supply of these kinds of homes cannot increase unless density normsarea changed and density is increased for housing projects,” he says. Thebudget has also put the onus on real estate developers to finish houseswithin three years of start if they are to avail the exemption for affordablehomes. “This would also be a challenge for us in the absence of singlewindow clearance for project affordable,” he says.

Budget 2016:

‘Small pain points of the real estateindustry have been addressed’

JLL India to foray into e-commerceto market residential real estate

Leading international property consultancyJLL India announced that it will foray into E-com-merce to market residential real estate . This ini-tiative, involving the launch of a dedicated e-com-merce platform that leverages JLL’s strong mar-ket network, will dedicate a team of on groundexpert consultants to close transactions on leads

generated online to benefit developers, end users and investors. Com-menting on this initiative, Ashwinder Raj Singh, CEO - Residential Ser-vices, JLL India said, “In line with JLL’s strong emphasis on ethics andaccountability, the process will also involve conducting due diligence of theprojects before listing the properties on the ecommerce platform.

DLF gallops 10% on plans oflaunching Real Estate Investment Trust

Shares of DLF Ltd surged 9.75% to end atRs. 107.45. Media reports stated the company’splans to launch Real Estate Investment Trust.The company has also recently given contractfor construction of its new office in Gurgaon to

Larsen & Toubro. DLF Ltd opened at Rs. 100.7 and touched a high and lowof Rs. 109.85 and Rs. 99.2 respectively. A total of 38849840(NSE+BSE)shares were traded on the counter. The current market cap of the com-pany is Rs. 17457.81 crore. The BSE group ‘A’ stock of face value Rs. 2touched a 52 week high of Rs. 169.15 on 06-Apr-2015 and a 52 week lowof Rs. 72.5 on 12-Feb-2016. Last one week high and low of the scrip stoodat Rs. 99 and Rs. 83 respectively. The promoters holding in the companystood at 74.99 % while Institutions and Non-Institutions held 18.7 % and6.31 % respectively.

Piramal bets big on real estate sectorEver since Ajay Piramal sold his drug formu-

lation venture to Abbott five years ago for $3.7billion, he had set his eyes on real estate andfinancial service businesses as the next big bets.On Tuesday, he gave fresh impetus to his ambi-tions by floating a 15,000 crore fund aimed atfinancing real estate developers.This comeseven as reports suggest that Piramal is lookingto turn venture capitalist in a bid to ride the start-up wave. But with the real estate sector remain-ing flat for the past few years and the start-upeconomy ridden with uncertainty Piramal’s bets

may look risky.New programme- Under the new programme called ‘Piramal Preferred

Partner’, Piramal Fund Management, an arm of Piramal Enterprises Ltd, willallow selected existing development partners to draw from a pre-sanc-tioned limit to pursue acquisitions. Though the company declined to namethe developers, Piramal Fund Management has previously invested in de-velopers like Omkar and Century Real Estate, among others.

CH. Ramachandra ReddyMD- R.V.Nirmaan Pvt LtdHon. Secretary- CREDAI

Telangana State


How it would be if interior speaks, expresses & com-municates and how would it be if interiors keep the sur-roundings calm, cool & lively. Just delete the word ‘wouldbe’ and experience the feeling by changing the word ‘itis’…..!! Really amazing, whereas making interiors to inter-act & making them lively is a passion of the elegant and themost ideal interior designer Padma Somireddy, who is onthe screen with us with her divine heart & divine thoughts.

Where to Where‘Divine Designs’ is founded by Padma Somireddy, a

passionate interior designer with over eight years of expe-rience. She also has twelve years of IT experience beforeshifting her focus to Interior designing as full time career.Padma studied Interior Designing at Middlesex County Col-lege, NJ, USA. She is a member of IIID Hyderabad Chap-ter. She has worked with various Architectural experts and hassuccessfully executed numerous projects in India and USA.

Strategy, Standards & StunningAt Divine Designs each and every project is a thor-

oughly planned and a well coordinated activity. Customersare handled with utmost care, concern, commitment andthe resulting output provides the envisaged ambiance whilemeeting the high quality standards for material, workman-ship, health and safety.

Divine Designs provides interior designing servicesfor both residential and commercial spaces, including showhomes, restaurants, hotels and offices and other business

With Padma’s ‘Divine Thoughts’

Interior ‘That Speaks’

premises. Projects range vastlyin size from local and internationalclients.

KeynoteInterior Design is shifting as fast as the world of fashion! I find that our

client’s tastes appear to have changed 180° within the past few years. Thisis very exciting for me as a Designer, as it raises the bar for me to be on topof my profession more than ever, in order to design the most appropriate,graceful and comfortable interiors. Interior designers have personal tastes,but we do not impose those on our clients. We do not believe in creating“cookie cutter” designs based on current trends. It is our job to apply theprinciples of design and assure that you do not make costly mistakesthrough oversight or lack of understanding of the design process.

Mission“Our mission is to create beautiful, livable spaces that meet our clients’

aesthetic, functional, and economic goals, while respecting the environ-ment”

Padma Somireddy

Gujarat CM Anandiben Patel’s daughterallotted prime public real estate

A company run by business associates of Gujarat Chief MinisterAnandiben Patel’s daughter owns 400 acres - 250 acres of which was allot-ted to the company at an official rate of Rs 15 per square metre - of land nearthe Gir lion sanctuary in the state

According to the report, filings with the Registrar of Companies (RoC)show a number of transactions, which started when the Gujarat governmentallotted 250 acres of public land in 2010-11 to Wildwoods Resorts and Real-ties, between Anandiben’s daughter Anar Javesh Patel .

Exclusive...

Unique...


Publisher/Printer/Owner: G. Narahari, Printed at Colour Graphics, 3-1-351, Bhagya Laxmi Nilayam, Nimboliadda, Kachiguda, Statio n Road, Hyderabad - 27. Published at4-6-252, Esamia Bazar, Hyderabad-27 (A.P.) Editor : Dr. Chaitanya Singh, Cell : 8008175000. E-mail : [email protected]. A nnual Subscription 500/- Rupees Only.

CorporateCelebrations

Exceptional - Joy With Joyalukkas : Yes ! Joyalukkas exceptional jewelry is fillingup the relations with joy and sweet memories.It’s a news that the world’s favorite &finest jeweller, Joyalukkas inaugurated their another showroom at Kukatpally. Inaugu-rated by JC Brothers Group of Companies Managing Director Marri Janardhan Reddyin the presence of John Paul Alukkas (Executive Director - Joyalukkas Group), BabyGeorge (CEO - Joyalukkas Group) P D Jose (Executive Director) and P D Francis(DGM - Retail - Joyalukkas Group). Visit the new showroom and fill your life withjoy…..!!!

Mere Pyar Ki Umar Ho Itni Sanam….!!!Yes! This picture reminds the all time popu-lar romantic song, which has to be devotedto the most beautiful couple Mahaveer &Sangeeta Lohiya on the occasion of theirwedding anniversary.The celebration wasa memorable one. Dear Couple - just watchthe song together and ping us if we are right.

Lavish Affair :Vaibhav & Shilpa’s weddingceremony at Kolkata was more than a lav-ish affair. Renowned playback singersfrom Bollywood made the occasionmemorable.Top class arrangements &fabulous decoration was in discussion. Infact it was the best example of a big fat

Indian wedding…!

Wedding Of The Season : The hand-some chap Aamer Javeed got married toRuba Khan.The entire celebration was justawesome ! with all big shots & creme gath-ering ! Half of the city attended the cer-emony and endorsed ‘dost ho tho aise ho-aur shaadi ho tho aisi…!!! Title : wedding ofthe season…!!!

Food Lovers ! Don’t Miss It : Now‘THE INDIQUE BISTRO’ doors are openfor the food lovers, launched recently inthe presence of crème gathering at RdNo. 11 Banjara Hills.Couple Shubham &Alka Kataria welcomed the guests.TIB,a serene ambiance with a vegetarianmulti cuisine with some hot coffees ,awe-some mock-tails & sweet desserts.Littlebird says that the flavor & the taste isreally amazing…!!!

Made For Each Other: Meet theCouple Ankit & Sonali, the couple whowere endorsed as ‘made for each other’…!!! The news is the couple celebratedtheir wedding anniversary recently. Hopeall got the treat and one of the best friendis missed. Guess who?

Exclusive For Masterminds: ‘PLABO’, where kidsare encouraged to create , explore & discover throughplay while it sparks their curious minds and imagina-tions, is inaugurated at Gachibowli.Super Star MaheshBabu’ Son Master Gowtam and his mother Mrs.Namratha Mahesh Babu formally launched it. PLABOis promoted by the entrepreneur Mrs. Deepthi Raju , akin of the Promoters of NCC family.

Talk Trinity : The trendtakes the turn…!!! Now thediscussion is all about thelaunch of KLUB TRINITY ! DJChetas has rocked the nightwhere the gathering got crazyon the tunes n beats. R.Vijayand others brought the won-derful space & place, which isalready in talk ! So, now thetalk is Trinity is in talk….!!!

‘V Vs’ Victory :VishalVakharia, the General Insur-ance adviser is celebratinghis 15 years of successfulprofession. Hard work ac-companied with commitmentbrought the day for him.Vishal offers his services forvehicle, home, office, shop,health & marine insurance.The coincident is Mr.Vishalis also celebrating his 15th

wedding anniversary…!Double bonanza…!!!

Couple Ofthe Month: The‘hum saath saathhai’ couple Puru &Shalini Modanicelebrated theirwedding anniver-sary with dearones. The coupleis seen togetherall the times inmost of the occa-sions that showstheir bonding andaffection.

Union Budget 2016 - HighlightsDirect Taxes - Individuals* Relief under Section 87A (Tax Rebate) proposed to

be increased to Rs.5,000 for taxable income below Rs. 5Lakhs

* Dividend In-come in excessof Rs. 10 lakh perannum to betaxed at addi-tional 10 percent

* Increasesin the turnoverlimit of presump-tive taxationScheme to 2crores. - Sec44AD

* Presump-tive taxationscheme intro-duced for all pro-fessionals withreceipts up to Rs.50 lakhs presum-ing income @50%

* Deduction under Section 80GG for paying rent butnot receiving HRA proposed to be increased from Rs.24,000 to Rs. 60,000

* Additional rebate(deduction) of Rs.50,000 for first timehouse buyers for loans up to 35 lacs.

* Increase in the surcharge from 12% to 15% wheretaxable income is over INR 1 crore

* Increased deduction on account of employee’s con-tribution to NPS to an extent of INR 50,000

* The existing withdrawal provisions of Exempt ExemptTaxable (EET) have been tweaked and 40 per cent of thecorpus is proposed to be tax free at withdrawal - FurtherClarification Awaited

Direct Taxes - Special* Government will assist start-ups through 100% de-

duction in profits for 3 out of 5 years* 11 new benches for Income Tax Appellate tribunal* Dispute resolution for appeal pending before Com-

missioner (Appeals)* No face to face scrutiny - E-Scrutiny* The government has now come up with an “Income

Declaration Scheme 2016” which allows individuals tovoluntarily disclose any untaxed income with a tax pay-ment of 45% (a 30% tax, surcharge of 7.5% and penalty of7.5%)

Direct Taxes - Individuals* 100% deduction for profits from building flats up to 30

square metres in metro cities.* Corporate tax reduced to 29% for small business

having turnover less than 5 crores.* New manufacturing companies incorporated after 1st

March, 2016 has to pay tax at 25%* TDS Rates come down for better cash flow of small

taxpayers.* Accelerated depreciation limited to 40%* TCS on purchase of asset over Rs. 2 Lakh in cash

and luxury cars* Deduction U/s 80JJAA proposed to be extended to all

assessee who are subject to tax audit

Direct Taxes - Applicable To All* Penalty for concealment of Income increased to 50-

200%* LTCG on unlisted securities limited to 2 years

Indirect Taxes* Proposed to be deleted from negitive list of service

tax act:- 1) service of transportation of passengers by astage carriage 2) services by way of pre-school, highersecondary school education, education for obtaining aqualification recognised by any law, approved vocationaleducation course 3) Transportation of goods by an aircraftor a vessel from a place outside India up to the customsstation of clearance

* Service tax rate is now changed to 15% (Increasedby 0.5%) * Certain parts of kidney dialysis equipment tobe exempt from exise duty.* Excise duty raised from 10 to15 per cent on tobacco products other than beedis

Compiled by : Tax Team - LnCoCA Vijay Singh

CA Dayanivas Sharma

CA Dayanivas Sharma


‘C’ Factor ! Courage,Competent & Confident

Neena Marquina has done it ! She movedfrom a smalltown to the skies and with a rollercoaster ride of ups and downs. Started asfront office personnel and climbed up the lad-der as VP Sales & Marketing in a reputed Bankat UAE. “Being a professional in ‘Still a man’sworld’ is a challenging experience that mademe stronger, competent,more confident andhelped me grow. We are brought up in a soci-ety where we tend to be dependent but awoman need to take pride in identifying andlearn to stand for herself.” said Marquina. Wetend to confuse women empowerment andwomen equality. Remember all of us coexistand it’s Gods Plan.So, instead of proving apoint let’s lead the way towards Women Em-powerment. Education is the answer; we arethe catalyst who can make a difference to thisworld. “Educate a woman and empower thenation.”

Adding Joy & Josh InThe Lives

Rina Dave, a consultant psychologistis making the life easier and adding the joy& josh in the lives, which goes difficult. “ Psy-chology has given me a new perspective oflooking at life and make a difference whileyou be the difference.Which indeed haspersuaded me to become a consultant psy-chologist. I look forward to work with chil-dren, special children ,cancer patients andmore.Success is about balancing differentaspects of life. I’m a woman who gives littleof me to various aspects of education, fam-ily, friends , fashion, social life & other hob-bies of painting, writing , music n cooking.“A woman plays different roles of a daugh-ter, lover, wife, mother & a better under-standing of self and the world around helpsher bring about the best of her to the world!!

It Matters! What &When to Eat

Firdous Farooqi, a consultant dieti-cian is on a campaign of what to eat tomake the society full too healthy. Firdousstarted the journey as a client for weightloss ended up becoming an aerobics in-structor and fitness trainer taking onestep at a time and then moved on as aconsultant dietician. She believes morein sensible eating & adding foods withmore nutritional value to our daily routinewith simple behavior modifications andexercise, rather than following harsh andstrict diets.

Dream To Make theWorld Stylish

Vinny Singh,a jewellery designer dreams tomake this world a stylish place with her new inno-vations & new designs.Her brand ‘Spark N Sizzles’,which is exceptional for gems, jewels & clothing isalready gathered appreciations from the society.Another news is Vinny has been selected as thenominee for the South India Achiever Award in thecategory of jewelry design.Looking forward tomany more achievements.

Best Example ofVersatility

Archana Manchala started de-signing in 2007 with brand ‘Etash &Archana’ soon after finishing thegraduation from NIFT. Kids couturewas her forte, but after some yearsher passion ventured into a salonbusiness and today ‘Ashton Pierra’is the example of it, that is popular inhygiene & making ones personaelegant.

Smart Click With PerfectionRadha Varanasi,a freelance photographer by profes-

sion, specializing in portraits, fashion and lifestyle pho-tography. She maintains a page in the name of RAA Im-ages on Facebook, which is quite in news. She has par-ticipated in various regional, national and internationalphotography competitions by Naandi foundation, AllianceFrancaise etc., and won prizes. Participated in over 10various group photography exhibitions all over India.Herworks were published in Trailblazers Hyderabad- a cof-fee table book, magazines like India Today and variousnewspapers. She has interest in clicking photos of archi-tectures and landscapes and loves to present fashionwith artistic experiments. “My dream is to become a re-puted fashion photographer”, Says Radha.

Rise Of A FashionDesigner

Fabiha Siddiqui, a fashion designer byprofession with a taste for good quality ofclothing. Started her first full collection in2011 while working as a freelance designerat Thomson Reuters. Fabiha’s main focusprimarily is of the Page 3 clientele.“I mostlydesign western wear, that’s my designaesthetic, it’s majorly worn by socialitesand party goers. I love our culture and findthe graceful cuts and drapes of Indianwear divine.

Fabiha offers her clients more thanjust RTW, she provides services like cou-ture designing, personal and fashion styl-ing, trousseau packaging, ramp walk train-ing etc. She suggests all young designersto believe in themselves and follow theirheart, and stick to what they are good at,be it Indian or western.

Neena Marquina Rina Dave

Firdous Farooqi

Vinny Singh

Nisha

Radha

Archana

Fabiha

Exploring UniqueTechniques of Fitness

Nisha Pushpavanam,a yogini & fitness expertis personified with a personality with an epitomeof elegance. Nisha is basically from Mumbai, ex-ploring the unique techniques in the town.FromYoga to Pilates, Aerobics to Zumba, Tabata to Chi-nese Fitness, Detox to Anti-Aging fitness, AquaFitness to Aqua Sports, her fabulous personalitysay it all! A fitness expert in various fitness formsand a role model to many women who all love to‘Look Good & Feel Good!’


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Tourism Hyderabad is best cityto live in India

Leaving behind India’s more traditional business centres such as Mumbaiand Bangalore, the city of pearls Hyderabad is the best city to live in thecountry, says a global survey. According to consultancy firm Mercer’s ‘Qualityof Living Report-2015’, notwithstanding its top rank among Indian cities,Hyderabad globally ranks at 138th position in a list of 230 cities around theworld in terms of standard of living.

The list is topped by Vienna for the second consecutive year. BesidesHyderabad, the list figures seven other Indian cities — Pune (145), Banga-lore (146), Chennai (151), Mumbai (152), New Delhi (154) and Kolkata(160). ”Over time, Hyderabad has emerged as a city of choice due tofactors such as improved options for international schools and a fine choiceof reputable English speaking schools,” Mercer said. ”Additionally, RajivGandhi International Airport is located 22 kms from the city and offers agood range of international flights, which improves its ranking on account ofpublic services,” it added. Mercer India Practice Leader (Global Mobility)Ruchika Pal said “considerable population increases in Mumbai and NewDelhi, in the recent decades, have increased existing problems, includingaccess to clean water, air pollution, and traffic congestion.” Globally, Viennais followed by Zurich, Auckland, Munich, Vancouver, Dusseldorf, Frankfurt,Geneva, Copenhagen and Sydney, as the world’s top 10 cities in terms ofquality of living. Bangui ( Central African Republic) and Baghdad ( Iraq)were ranked as the bottom two cities on the list. Interestingly, the surveyfound that Indian cities are safer than most others in South Asia. While theranking of Sri Lanka’s capital Colombo is above Hyderabad at 132, Dhakain Bangladesh is ranked 211 and Pakistan’s Islamabad, Lahore and Karachiare ranked 191, 199 and 202, respectively. The parameters taken intoaccount for the survey include political and social environment, medical andhealth care, public services, recreation facilities and natural environment,among others.

Varanasi gets a tourism boostThe millennia old city of Varanasi gets

a tourism boost, as the city is also a ben-eficiary of the budgetary allocations fortourism promotion. In the 2016-17 Bud-get, finance minister Arun Jaitely has pro-posed Rs. 707.40 crore for IntegratedDevelopment of Tourist Circuits aroundSpecific Themes (Swadesh Darshan),and Rs 100 crore for national mission onPilgrimage Rejuvenation and SpiritualAugmentation. Varanasi is one of the des-tinations being covered under both theschemes. This year’s budget also pro-poses a sum of Rs. 900 crore for tourisminfrastructure, Rs. 92.60 crore for othersupport to infrastructure, Rs. 412.87 crorefor promotion and publicity (includingmarket development assistance), and Rs.160.50 crore for training and skill devel-opment.

he ministry of tourism introduced twonew schemes PRASAD (Pilgrimage Rejuvenation and Spiritual Augmentation Drive) and Swadesh Darshan - theintegrated development of theme-based tourist circuits in 2014-15. Under PRASAD 12 cities including Amritsar,Ajmer, Dwaraka, Mathura, Varanasi, Gaya, Puri, Amaravati, Kanchipuram, Vellankanni, Kedarnath and Guwahatihave been identified for development. Under Swadesh Darshan scheme, spiritual circuit has been identified astheme circuit for development. “Sarnath is one of the destinations being covered under Swadesh Darshan,” theregional tourism officer Ravindra Kumar Mishra told TOI adding that the light and sound show at Sarnath is beingimplemented under this scheme.

Tourism Malaysia eyes over 66million domestic tourists

Tourism Malaysiahas set a target of 66.8million domestic touristswith a total expenditureof the RM45.7 billion thisyear. Its deputy director-general (strategic anddomestic), Chong YokeHar told a press confer-ence here Thursday,she believed the depre-ciating ringgit would fur-ther encourage domes-tic tourism. The growthof domestic tourism hasincreased by 11.6 per-cent from 54.4 million

people in 2013 to 60.7 million in 2014, with the total expenditure of RM41.4 billion, an increaseof 16 percent as compared to RM35.6 billion in 2013. From March 11 to 13, Chong saidTourism Malaysia targeted the sale of 17,896 tourism packages worth RM4.6 million, includingnature and island holidays, through its participation in the Malaysian Association of Tour andTravel Agents (MATTA) Fair at the Putra World Trade Centre (PWTC) here. Chong said 56 touroperators, 34 hotel/resort operators and 20 tourism products operators would participate inthe fair.

Adyanpara Hydel tourism opens to visitorsAdyanpara Hydel tourism opens to visitors The Adyanpara tourist cir-

cuit under the Kerala Hydel Tourism Centre will be thrown open to visitors.Minister Aryadan Muhammed will inaugurate the tourist center, constructedat a cost of Rs. 3 crores, at four in the evening. As a part of this a new 2.5km long 6 meter wide road has been constructed from the power house tothe Mayinpalli area and the underground water storage (surge). Nilambur:The Adyanpara tourist circuit under the Kerala Hydel Tourism Centre will bethrown open to visitors. Minister Aryadan Muhammed will inaugurate thetourist center, constructed at a cost of Rs. 3 crores, at four in the evening.As a part of this a new 2.5 km long 6 meter wide road has been constructedfrom the power house to the Mayinpalli area and the underground waterstorage (surge).

Currently the only tourist attraction in the area is the Adyanpara Water-falls. As the summer intensifiires and the river dries up the number ofvisitors falls drastically. A 14 seater battery powered car will now ply thevisitors from the power house to Mayinpalli to the upper reaches of theKanjirapuzha river where she is bunded and her waters diverted for thehydel power project.

Kerala Tourism eyes 12% growthin tourist arrivals

Kerala government is aiming for a 10-12% growth in do-mestic and foreign tourist arrivals and exploring new sourcemarkets like East Asia and Russia for tourism opportunities.

“Last year has been a difficult year for the tourism industryand we achieved a flat or marginal growth compared to 2014.This year and in 2017, we are expecting double-digit growth(about 10-12%) in tourist arrivals,” Kerala Tourism Deputy Di-rector Nandakumar K P. In 2015, as many as 7,75,390 foreigntourists visited Kerala from January-October, a growth of 6.60%.Last year, 76,71,277 domestic tourists visited the southern state

from January-August, a growth of 7.40%, according to government data.The state, which is facing competition from Sri Lanka and South Asian countries, is

planning to attract tourists by branding ‘Kerala: the home of Ayurveda’.“We are exploring new markets like Russia, East Asia, China and Japan, besides focusing

on strengthening the traditional markets like the European Union and the US. For wooingtourists, we have branded the state as ‘Kerala: the home of Ayurveda’.

“We decided for branding because we are facing a lot of competition from Sri Lanka andSouth Asian markets. Moreover, we are combining wellness with sightseeing,” he said.


Rajasthan inks MoUs worthRs 586.29 cr in tourism sector

The Rajasthan government signed 55 MoUs worth Rs 586.29 crores with a number ofcompanies to promote tourism industry and create over 5,000 new jobs in the state in nearfuture. Principal Secretary Tourism Shailendra Agarwal and Director of Tourism departmentAnil Kumar Chaplot signed the MOUs with the companies based in state in presence ofRajasthan Minister of State for Tourism Krishnendra Kaur at a conference organised atKhasa Kothi here. Kaur said these MoUs were signed as a follow up to the ResurgentRajasthan Partnership Summit organised by the state government in November last year.”The department has signed a total of 221 MoUs worth Rs 10,407.94 crore during and afterthe summit, which will create employment for 40,765 people in the state,” she said. Twentyof them worth Rs 1,174 crore were signed under the tourism sector in presence of ChiefMinister Vasundhara Raje, Kaur said. Tourism department will facilitate the projects to get theclearance or certification if required to the partners, the Minister said. Agarwal said the MoUswould be implemented in next two to three years and projects ranged from hotels, motels,resorts, museum and amusement parks. On completion of these projects, RTDC runaccommodations would be able to meet the increasing influx of tourists, he said, adding5,392 people would get jobs in the tourism sector. The proposal received for the projectscovering 55 MoU are spread in all districts including Alwar, Bikaner, Udaipur, Jaipur, Bhilwara,Sirohi, Rajasamand, Kota, Sawai Madhopur, Jhunjhunu, Hanumangar, Pali, Jalore andSriganganagar, the Principal Secretary said.

Nellore beaches a hub forcoastal tourism

Amid renewed effortsto attract tourists all over,the district administrationhas taken up large scaleworks to transformbeaches, lakes, birdsanctuaries and severalislands into a hub forcoastal tourism in theNellore district in the nearfuture.

Already, Rs. 10.47crore worth works areunder way at the famousIrakam island which islocated in the middle of

the Pulicat brackishwater lake near Sullurupeta.Priority focus is being given to the development of basic infrastructure such as easy

access by road and water was being created for the visitors coming from the far-awayplaces to see and enjoy the scenic beauty of the island.

Already the boating points at some places in the island have been levelled and strength-ened to make it convenient for the investors as well in order to come and develop touristfacilities there. The government has showed interest in creating world class infrastructurethere including the development of a resort in future.

“Comprehensive efforts are being made to develop Nellore into a tourism hub. Thisincludes the development of the Nellore Swarnala Cheruru also,” said District Collector M.Janaki.Seeing the potential in Nellore district, the Central government has released Rs. 63crore for developing the tourist facilities. Officials have identified beaches at Mypadu,Ramatheertham, Isukapalli, and Kotha Kodu. Besides, they had made plans for developingNellore tank, B.V. Palem boating point and Irakam island.

Works worth crores of rupees were nearing completion at the Irakam island, Nelapattubird sanctuary and Atakanithippa point in Pulicat lake, she said. The Venadu dargah locatedin the Pulicat lake has also got attention for tourism development.

Sri Lanka promotes whale and dolphinwatching tourism for Blue Economy

Sri Lanka with the Indian Ocean RimAssociation (IORA) has come forward tobuild a sustainable whale and dolphin watch-ing tourism in the Indian Ocean region.

Indian Ocean Rim Association has 20members including Sri Lanka, Australia,Bangladesh, India, Indonesia, Seychelles,Iran, Malaysia, Mauritius, Singapore, SouthAfrica, Thailand and United Arab Emirates.

The association recently held a work-shop in Colombo to promote regional coop-eration between member states and to de-velop a regional best practice approach to

sustainable whale and dolphin watching.Speaking at the event IPS Executive Director, Dr. Saman Kelegama stressed the impor-

tance of member countries working together to ensure that growth in the tourism sector issocially, ecologically and economically sustainable in the long term to the benefit of allmember states.

“Achieving sustainable outcomes cannot be taken for granted and are not automatic,”Kelegama said.

“Great care must be exercised in managing whale and dolphin watching tourism, if weare to achieve the desired sustainable outcomes; and that growing opportunities for incomemust be prudently combined with conservation of biodiversity.”

The workshop emphasized that sustainable whale and dolphin watching tourism canprovide valuable direct and indirect positive impact for economic empowerment of womenand youth with significant spill over effects into the tourism sector value chain.

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