From: Press Information Bureau Ministry of I&B <pib.kolkata@gmail.com>
Date: Wed, Jul 14, 2010 at 5:08 PM
Subject: Releases............pt2
Press Information Bureau
Government of India
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Ministry of Finance
India Oman Joint Investment Fund
Agreements Signed Between SBI and State General Reserve Fund of Oman
New Delhi: July 14, 2010.
State Bank of India and State General Reserve Fund of Oman signed a Joint Venture Agreement to form a Joint Investment Fund, here today. The Agreement was signed by Shri O.P. Bhatt, Chairman, SBI and Mr. Warith Al-Kharusi, CEO, State General Reserve Fund (SGRF), Sultanate of Oman in the presence of Finance Minister, Shri Pranab Mukherjee and Mr. Ahmed Macki, Minister of National Economy, Government of Oman. The India Oman Joint Investment Fund shall aim at making equity investments in various sectors of Indian economy.
This fund will start with a corpus of US$ 100 million to be contributed equally by State General Reserve Fund of Oman (SGRF) and SBI. The fund will explore opportunity in all sectors without any specific preference. The Fund would, for the present, limit itself to Indian investment opportunities. There is no specific sector focus and the Fund will look for opportunities in all sectors of India permitted by regulations from time to time. The Fund can be expanded to have a corpus of upto US$ 1.5 billion through future schemes, depending upon the experience of the initial fund. The purpose of the collaboration is to attract capital into India from that region.
The management company shall be owned 50:50 by SBI and SGRF, with equal profit sharing by both sides.
Speaking on the occasion, Shri Mukherjee said that signing of Joint Venture agreement for the Fund is part of the overall cooperation in various areas between India and Oman. During the visit of Prime Minister of India to Muscat in November 2008, an MoU was signed between the SBI and SGRF to set up a Joint Investment Fund to make equity investments in various sectors of both the countries. The Finance Minister said that this Joint Venture Agreement will open a new chapter in the multi-dimensional relations between the two countries.
dsm/by/kp/gn-223/10/dk/kol/17:04 hrs.
Press Information Bureau
Government of India
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Ministry of Agriculture
Rs. 470.56 Crore released for the development of agriculture under Macro Management of Agriculture scheme
New Delhi: July 14, 2010.
Rs. 470.56 crore has been released to various States and Union Territories for the development of agriculture under Macro Management of Agriculture (MMA) scheme during 2010-11 as on 30.6.2010. Total allocation for the current financial year is to the tune Rs. 1085.16 crore.
During 2009-10, a sum of Rs.930 crore was provided for the implementation of the revised Macro-Management of Agriculture scheme.
The scheme was launched in 2000-01 by integrating 27 centrally sponsored schemes moving away from a programmatic to a macro management mode of assistance to the States in the form of Work Plans prepared by the States and implemented in a spirit of partnership with the States.
In 2008-09, the scheme was revised to improve its efficacy in supplementing and complementing the efforts of the States towards enhancement of agricultural production and productivity, in the larger context of broad based inclusive growth highlighted in the 11th Five Year Plan Document as well as the National Policy on Farmers, 2007. The role of the scheme was redefined to avoid overlapping and duplication of efforts and to make it more relevant to the present agriculture scenario in the States to achieve the basic objective of food security and to improve the livelihood system for rural masses.
The revised scheme comprises 10 sub-schemes relating to crop production and natural resource management. These include integrated cereal development programmes in rice, wheat, coarse cereals based cropping system areas, integrated development programmes for pulses and oilseeds and sustainable development of sugarcane based copping system, balanced and integrated use of fertilizers, promotion of mechanization of agriculture among small farmers, national watershed development project for rain-fed areas, soil conservation and reclamation and development of alkali soils.
mp:sb:cp: mma/dk/kol/17:04 hrs.
Press Information Bureau
Government of India
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Ministry of Shipping
Shipping Ministry Asks for Detailed Report on Chlorine Gas Leakage from Mumbai Port Trust
New Delhi: July 14, 2010.
The Ministry of Shipping has sought a detailed report from the Mumbai Port Trust regarding the leakage of the chlorine gas from within its compound early today morning.
There was an incident of leakage of chlorine gas from one of the cylinders kept at Hay Bandar area of Mumbai Port Trust. These cylinders have been kept in that area which is meant for storage of hazardous goods for the past few years. .
At about 3.30 am in the morning of 14 July 2010, escaping chlorine gas has affected nearly 59 persons of the nearby Lal Bahadur Shastri Nautical Institute and a Police Station of Siwri area. .
All the 59 affected persons were evacuated and have been admitted to three Mumbai hospitals – Port Trust Hospital, JJ Hospital and KEM Hospital – where they are receiving medical attention. .
Seven out of those admitted are in ICU but their condition is said to be stable. .
No death has been reported as per discussions with Deputy Chairman, Mumbai Port Trust. .
As per the records of Mumbai Port Trust these cylinders were empty. Mumbai Port Trust is checking its records to find out whether any action had been taken for disposal of the hazardous material in the past. .
The situation is presently under control, and Chairman, Deputy Chairman, Traffic Manager and other senior officials of Mumbai Port Trust are at the site, where relief and rescue works are being undertaken. .
The Ministry of Shipping is closely monitoring the situation. .
mc/mk/dk/kol/17:05 hrs.
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Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/
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