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CCEA approves scheme worth Rs 3000 Cr for fisheries

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CCEA

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minster Narendra Modi on Tuesday approved a Rs 3,000 crore umbrella scheme for integrated development and management of fisheries.

The central sector scheme covers development and management of inland fisheries, aquaculture, marine fisheries, including deep sea fishing, mariculture and all activities undertaken by the National Fisheries Development Board (NFDB).

The scheme has six broad components: National Fisheries Development Board (NFDB) and its activities; development of inland fisheries and aquaculture; development of marine fisheries, infrastructure and post-harvest operations; strengthening of database and geographical information system of the fisheries sector; institutional arrangement for fisheries sector; and Monitoring, Control and Surveillance (MCS) and other need-based interventions.

The umbrella scheme also provides linkages and convergence with the shipping ministry’s Sagarmala Project, the Mahatma Gandhi National Rural Employment Guarantee Scheme, the Rashtriya Krishi Vikas Yojana and the National Rural Livelihoods Mission. (IANS)(Picture Courtesy:aquagamete.webs.upv.es)

 

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Fishery business flourishing in Himachal Pradesh

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Picture Courtesy:-www.odishanewsinsight.com

Shimla: The fishery industry is flourishing in Himachal Pradesh due to the persistent efforts of the state government, an official said here on Tuesday.

Fishery, both in the government and the private sector, is not only providing livelihood to the fishermen, but also helping to generate revenue for the state, according to a spokesperson for the fishery department.

He said schemes and efforts made by the government have increased the fish production, besides providing opportunities for self-employment.

During the last three years, 21,793 tonnes of fish valued at nearly Rs.20 lakh were produced in the state.

A total of 491.37 tonnes of table-size trout was produced from the state-run and private farms.

As a result of successful implementation of the rainbow trout farming technology, 362 trout units were established in Kullu, Shimla, Mandi, Kangra, Kinnaur and Chamba districts.

Under the Fish Farmers Development Agency program, 30.46 hectares were included in aquaculture and 29.50 hectares of old ponds were renovated, he said.

A new scheme “Mobile Fish Market” was launched under which four mobile fish market vehicles were purchased to provide fresh fish to consumers.

Trout, both brown and rainbow, are found in the Beas, Sutlej, and Ravi rivers in the higher reaches of Himachal Pradesh.

Being a game fish, the brown trout is also an angler’s delight.

To promote trout farming, one trout farm with an expenditure of over Rs.4 crore is being set up in Bharmour in Chamba district besides an aquarium house-cum-museum center with a total outlay of Rs.40 lakh being set up in Chamba.

Carp farms at Nalagarh in Solan district and Deoli in Una district have been modernized and expanded by spending Rs.8 crore.

The government has spent Rs.5 crore for creating 80-hectare water area in the shape of new fish ponds and 20-hectare water area in the shape of nursery ponds, the spokesperson said.

With the provision of financial support and technical knowledge, more and more people are coming forward to adopt fish farming.

A financial assistance of Rs.100,000 is being given for construction of a pond of one hectare to the youth belonging to the scheduled caste and scheduled tribe while Rs.80,000 to the general category farmers under the centrally sponsored scheme.

The major fish species available in the streams of the state are trout, mahseer, and Gly PTO thorax.

Two new species — Hungarian common carp and Amoor common carp — have been imported.

Himachal Pradesh with its five rivers, numerous streams and reservoirs have a big potential for fish production, say experts.

Of the 3,000-km network of fisheries’ water resources, 600 km of cold water streams is conducive for trout farming.

The average annual production of a small fish farm is 900 kg, whereas a large farm could produce up to 3,400 kg, said a study by the Shimla-based Himachal Pradesh University’s Agro-Economic Research Centre.

(Inputs from IANS)

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Government proposes revenue sharing model for auction of gas fields

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Picture Courtesy:-www.arabianoilandgas.com

New Delhi: The central government on Monday proposed to free domestic natural gas pricing and replace the existing production sharing contract (PSC) system by the revenue-sharing model for all future acreage auctions.

“It is proposed to provide pricing and marketing freedom for the natural gas to be produced from the areas to be awarded under the new contractual and fiscal regime in order to incentivise production from these areas,” the petroleum ministry said on its website, inviting comments from stakeholders on a consultation paper on new fiscal and contractual regime for award of hydrocarbon acreages.

 

In the recently announced marginal field policy, the government has provided pricing and marketing freedom for the natural gas,

In September, the Cabinet Committee on Economic Affairs had approved a landmark change in India’s hydrocarbons exploration regime, sanctioning the auction of 69 small and marginal oil fields of state-owned ONGC and Oil India Ltd. to private and foreign firms.

“For the first time, a revenue-sharing model is being approved in place of production-sharing contract,” Petroleum Minister Dharmendra Pradhan had told reporters here.

The government of India has been reviewing policies from time to time for exploration activity and investment there in. Over the years, there has been a shift in the E&P (exploration and production) policy, from nomination acreage to competitive bidding,

The ministry proposed a Uniform Licensing Policy that will allow exploitation of all forms of hydrocarbons – oil and gas as well as shale oil and gas and coal-bed methane under one permit.

It also proposed Open Acreage Licensing Policy (OALP) allowing companies to choose the area for exploration rather than government identifying blocks and offering them in bid rounds.

Further, it proposed a revenue sharing model in place of the present fiscal system of production sharing based on Pre-Tax Investment Multiple (PTIM) and cost recovery.

Under the proposed regime companies offering the maximum revenue share or percentage of oil and gas to the government, and committing to do more work, will win the field.

As per current practice, companies get blocks by bidding the maximum work programme and recover all their investment before sharing profits with the government.

“In this model it is proposed that the bidders will bid the percentage of revenue that they will share with the government against two revenue scenarios — when revenue is less than or equal to the Lower Revenue point and when revenue is more than or equal to Higher Revenue point,” the paper said.

“The percentage government revenue share at revenue points falling between the lower and higher revenue points will be interpolated on a linear scale. Revenue, net of royalty (as applicable) will be shared between the contractor and the central government based on revenue accrued for oil and gas on a monthly basis,” it added.

(Inputs from IANS)

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Centre not to go for another ordinance on land bill

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Land-Acquisition-Bill-2015

By NewsGram Staff Writer

Facing strong resistance from the Congress and other opposition parties over the controversial land acquisition bill, the Narendra Modi government has decided not to go for another re-promulgation of the ordinance and instead write to the states to formulate their own laws, sources said on Wednesday.

The sources said the government will recommend to the states to make required changes in their laws as per National Democratic Alliance’s version of the bill.

This decision was taken on Tuesday in the meeting of the Cabinet Committee for Economic Affairs, chaired by Prime Minister Modi, the sources said.

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment) Bill, 2015, which has been brought by the NDA government, is being opposed by the Congress and other parties.

The bill is currently with a joint committee of parliament for detailed discussion on the provisions of the controversial legislation.

The committee is expected to give its report in the first week of August.

Senior leaders are of the view that the land bill will not be passed in the current monsoon session of parliament. So, the government will have to go for another promulgation after the session.

But BJP leaders feel that going for another promulgation may further embarrass the government.

“The NDA government brought the ordinance for the Mumbai-Delhi industrial corridor, which passes through seven states — Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Rajasthan, Uttar Pradesh and Delhi,” a BJP leader told IANS.

He said that among the seven states, five are ruled by the BJP.

President Pranab Mukherjee in May gave his assent to re-promulgation of the land ordinance, which was to expire in June.

The ordinance was first promulgated in December last year to amend the act passed during the United Progressive Alliance (UPA) government in 2013.

(With inputs from IANS)