New Delhi: Finance Minister Arun Jaitley said on Tuesday, The State-run-ports sector need to be revised and moved towards privatisation.
“The structure of state sector ports needs a rethink, moving towards privatisation of state-run trust ports,” Jaitley said at an event jointly organised by India Infrastructure Finance Company and industry chamber FICCI here.
“If major ports don’t overhaul their structures, they will seriously fall behind in competition with minor ports,” the minister said.
Noting that policy changes in civil aviation sector had allowed for major improvement of small- and medium-sized airports in the country, he said the private sector had shown interest in the development of ports too.
He said the National Investment and Infrastructure Fund (NIIF) was already in place, and it was in touch with many sovereign and pension funds that had shown interest in investing in the sector.
Following the first meeting of the NIIF here last week, Jaitley, who heads the NIIF Governing Council, told reporters that the progress with regard to the proposals of sovereign funds from the United Arab Emirates, Britain, Russia and Singapore were particularly discussed.
While the government will contribute Rs.20,000 crore to the fund, another Rs.20,000 crore is expected to come from private investors.
The union cabinet in July approved the creation of the NIIF with a corpus of Rs.20,000 crore for development of infrastructure projects, including the stalled ones.(IANS)
• Illegal liquor licenses granted in shopping malls
• Swaraj India protests against illegal vends at Cross River Mall
• Illegal vends have turned the mall into a liquor den
• Liquor license scam, a perfect example of unholy collusion between AAP & BJP
• Arvind Kejriwal, who came to power on the promise of making Delhi addiction free, has today become the Badal of Delhi and Manish Sisodia another Majithia.
New Delhi, Nov 5: Newly formed political party, the Swaraj India has exposed a major scandal in the distribution of liquor licenses by the Delhi government. Party’s Chief National Spokesperson and Delhi State President, Anupam, said that the Delhi government is illegally distributing L10 category liquor licenses enabling dealers to open vends in shopping malls of the city.
The Delhi government offers licenses in the L-10 category to liquor vends in shopping malls of the city. Definition of shops operating from within a mall is clearly stated in the law and the rule mandates that all shops operating from within a mall should be opening up within the building only and cannot have an entrance towards the exterior side of the mall. But Delhi government and the mall management have created these liquor shops against the approved map of the mall. Every week, the Excise officials of Delhi Government are supposed to inspect liquor vends existing in the city, but not a single objection has been raised against these vends that are blatantly violating rules every single day.
And this has resulted in around a dozen liquor vends springing up in just the ground floor of the Cross River Mall. This has turned the shopping mall into a den of liquor vends leaving people living in nearby residential areas helpless. Neither the Delhi government nor the MCD and nor the Delhi police are even taking note of this broad daylight scam. “Is this not a direct sign that all the levels of the government and administration are complicit in letting this illegal trade grow?” Anupam asked.
Everyone in Delhi is well aware of how the employees of MCD don’t lose a moment to demand their share when any construction work begins anywhere. But when illegal constructions are done at such a large scale in a big mall, the MCD doesn’t even blink an eye.
Cross River mall is located in an area from where the Councillor, the MLA as well as the MP are from the BJP. The illegal license is being granted by AAP led Delhi government. It is surprising to see such a harmonious blend between the Aam Aadmi Party and BJP. Promoting liquor trade in Delhi seems to be such a profitable business for both the BJP as well as the AAP that it has brought together the two parties that are otherwise always at loggerheads. Are the black transactions involved in such liquor business the real reason why not a single question has yet been raised by anyone or any party?
Earlier in the last, the Delhi government has eased rules for granting the license to new liquor vends by reducing the minimum carpet area required from 1000 to 500 square feet. And now, in clear dereliction of rules, even vends are being run in the shopping malls.
On Sunday, Swaraj India’s Mahila Swaraj Morcha protested against the numerous liquor vends in Cross River Mall of Delhi and demanded that the liquor shops be closed down. And in this mall in Shahdara, around a dozen liquor shops have been opened up by granting illegal licenses of the L10 category. And outside this mall, that has been turned into a den of liquor vends, a crowd of drunkards creating an atmosphere of hooliganism has become a daily affair. There has been a continuous increase in crime in the drunken state, where eve-teasing & snatching have become a regular affair.
Sarvesh Verma, President of the party’s Mahila Morcha, said that Arvind Kejriwal who rode to power on the promise of making Delhi an addiction-free city has today become the Badal of Delhi with Sisodia as another Majithia.
Anupam said that though the Delhi government’s anti-women policies will result in the promotion of alcohol addiction but Swaraj India will not let these nefarious plans succeed. The party has earlier as well launched mass agitations against the granting of liquor licenses in residential areas of Delhi, because of which the Delhi government was compelled to announce a ban on the distribution of new licenses. If the government does not immediately order an investigation into the illegal L10 vends and stop this unholy collusion, the Mahila Swaraj Morcha of Swaraj India will take this agitation ahead for the betterment of Delhi.
New Delhi: The entire Indian agriculture value chain is set to change drastically and food processing is going to be one of the main industries of the country in the future, Finance Minister Arun Jaitley said on Friday.
“The farm to kitchen chain is going to change in India, like elsewhere, with increased agricultural production, better storage facilities, more food processing and changing consumer food preference,” Jaitley said at the inaugural session of the World Food India 2017 here.
“Food processing is going to be one of the principal industries of India in future, and an entrepreneur in 2017 should think of the industry from the perspective of where it will be in 2040, 2050,” he said.
In terms of market size, the Indian food market was worth $193 billion in 2016 and is expected to cross $540 billion in 2020, officials said here. The sector has been growing at the rate of 12 per cent annually.
“There is a silent revolution ongoing in India. There is an expanding middle class and below that there is a growing aspirational class, which is building up reasonable purchasing power,” the Finance Minister said, noting that this provided an enormous potential market for food products in the country.
About the potential, Food Processing Minister Harsimrat Kaur Badal said that only about 10 per cent of agricultural produce is processed in the country, leading to a lot of wastage.
The industry enjoys many fiscal incentives, including preferential credit under priority sector lending, she said.
“There is 100 per cent FDI (foreign direct investment) allowed into the sector through the automatic route and we have seen inflows increase 40 per cent over the last year,” she said.
“The proposal for a Food Processing Bank is also under active consideration.”
In the presence of delegates from many countries, the event was inaugurated earlier by Prime Minister Narendra Modi, who pointed out that India is the biggest producer of milk in the world and the second in rice, wheat, fish and vegetable output.(IANS)
Shimla, Nov 2, 2017, 1:00 IST: It’s literally a do-or-die battle for both the Congress and the Bharatiya Janata Party (BJP) chief ministerial faces in the upcoming Himachal Pradesh assembly polls. Both veterans — one in his eighties and the other in his seventies — are struggling for their political survival.
One is veteran Congress leader and incumbent Chief Minister Virbhadra Singh, 83, who is pushing hard to get to the helm for the seventh time. The other is the BJP’s Prem Kumar Dhumal, 73, who is making a strong bid to ensure the party’s victory with a record margin to silence his detractors within the party.
For almost two decades, both the parties in the state have fought almost every assembly and parliamentary polls under their leadership.
“This time, Virbhadra Singh is fighting on two fronts — one is to establish his son Vikramaditya Singh, who is contesting his maiden assembly election, and the second is to ensure the party’s repeat as he forced the Congress to announce him as the chief ministerial candidate despite all odds,” a political observer told IANS.
For Dhumal, it’s simply the battle for “self-survival” after facing a humiliating defeat in the 2012 assembly polls. Since then, he was almost marginalised by the BJP faction led by Union Health Minister J.P. Nadda.
After thwarting foes within, Virbhadra Singh donned his battle gear much ahead of this arch rival Dhumal, whose name was cleared by the BJP as its chief ministerial candidate just days ahead of the polling for the 68-seat assembly on November 9.
“The announcement of Dhumal as the chief ministerial candidate was part of the BJP’s strategy to boost the morale of the cadres as the party for long was divided in two camps — one led by Dhumal and the other by Nadda,” a senior state BJP leader admitted.
Interestingly, both Virbhadra Singh and Dhumal are seeking re-election from new seats and that is not going to be easy for them.
The Congress leader is in the fray from Arki in Solan district, the BJP’s pocket borough that he chose himself, while Dhumal is contesting from Sujanpur, the seat he was asked to contest from.
The Sujanpur contest seems interesting as the Congress has fielded Rajinder Rana, who knows the Dhumal family well.
Virbhadra Singh knows the assembly poll will be a vote on the performance of his five-year-old government.
“We are seeking votes on the basis of development by our government, especially in the education, health and connectivity sectors,” a confident Virbhadra Singh, who first became the Chief Minister in 1983, told IANS.
The Chief Minister, who has been in active politics for over 50 years, is a regular target of the top BJP leadership, who point to his being out on bail and facing corruption charges in the Delhi High Court during the time he was the Union Steel Minister 2009-11.
But against all odds, he alone tours across the state seeking votes for the Congress. Party leaders said the Chief Minister is single-handedly campaigning and he is conducting 15 to 20 meetings in two to three constituencies every day.
He starts his campaign at 9 a.m. and continues till late into the night. He holds closed-door meetings with party workers in the evening for their feedback.
The only saving grace for the Congress is that its Vice President, Rahul Gandhi, will tour the state on November 6, a day before the campaigning comes to an end.
Contrary to this, the BJP has fielded its entire top brass — from Prime Minister Narendra Modi to his cabinet colleagues, including Rajnath Singh, Arun Jaitley and J.P. Nadda.
Even party President Amit Shah is aggressively touring the hill state.
“The Congress has failed to handle even sensitive cases like gang-rape of a schoolgirl. Our focus on coming to power will be eliminating forest, mining, liquor and transfer mafias that are active in the state for long. This will greatly help restoring the faith of the public,” Dhumal told IANS.
Political observers say issues like development have been pushed to the background as personal attacks dominate most of the election rallies.
“Apart from mudslinging, there is no public-specific agenda with both the leaders. They are just trying to woo voters by raking up personal issues,” an observer said.
Congress spokesperson Randeep Surjewala said Singh is the main “star” of the party campaign in the state.
“Virbhadra Singh is campaigning on the ground and the BJP is baffled at the response he is getting. We don’t have to be loud to impress the people, like the BJP is doing,” Surjewala told reporters in Shimla on Thursday.
Virbhadra Singh is targeting Dhumal by saying he has always worked with a political vendetta against him.
But a confident Dhumal believes there is a favourable wind prevailing for the BJP’s return as the present government has wasted much time in the ongoing corruption cases against Virbhadra Singh and his family rather than focusing on development.
The future of the arch rivals will be pronounced on December 18, the day the votes cast will be counted along with those in Gujarat.
The Congress won 36 of the 68 seats in Himachal Pradesh in 2012 with a 42.81 per cent vote share, while the BJP bagged 26 seats with a 38.47 per cent vote share.
(Vishal Gulati can be contacted at email@example.com) –IANS