The Gist of Press Information Bureau (PIB): May 2014

The Gist of Press Information Bureau: May 2014

BUNDELKHAND SUPER THERMAL POWER PROJECT

The foundation stone of NTPC`s 2640 MW Bundelkhand Super Thermal Power Project was laid by Shri Jyotiraditya Scindia, Union Minister of State of Power (I/C) at Barethi, Chattarpur District of Madhya Pradesh . Comprising of 4 units of 660 MW each and with environment friendly super critical technology, the project is expected to contribute signifi cantly to the economic and social development of the region.

Speaking on the occasion, Mr Jyotiraditya Scindia said that the Barethi power project is an important milestone for the state as well as the entire country. The power project will help to make Bundelkhand one of the
most prosperous regions of the State. The State Energy Minister of Madhya Pradesh, Sh. Rajendra Shukla said that the government is pro-actively taking up all energy related projects in line with the future power requirements of the state. He said that it is a matter of pride to have a professional company like NTPC contributing to the growth of MP.

Fifty percent of the power generated from the project will be supplied to the state of Madhya Pradesh. The estimated cost of the project is approx Rs 18000 crore and is envisaged to be commissioned in the 13th Plan linked to development of coal mine.

NTPC presently meets about 24 % of the total power requirement of Madhya Pradesh allocated from its various stations and has its largest power station in the country Vindhyachal Super Thermal Power Station of 4,260 MW installed capacity, situated in Singrauli district.

With laying of foundation stone in Bundelkhand, NTPC has over 4500 MW of capacity under construction in Madhya Pradesh which includes largest solar power project of 50 MW at Rajgarh, 1600 MW Gadarwara Super Thermal Power Project in Narsinghpur Distt. , 500 MW is also under construction at Vindhyachal and 2640 MW at Barethi.

NTPC being the largest power utility in the country has been playing a major role in meeting the power needs of the country and contributing to the economic and social development of the country. NTPC has been ranked No.1 Independent Power Producer globally in Platts Top 250 Global Energy Company ranking for the year 2013. NTPC`s operational performance in terms of Plant Load Factor (PLF), Availability Factor, Planned Outage and Forced Outage has been better than most large power stations in the world.

TROPEX

The Indian Navy’s major annual exercise ‘TROPEX’ (Theatre Level Operational Readiness Exercise) concluded recently. The exercise involved large scale naval manoeuvres in all three dimensions viz. surface, air and
underwater, across the Bay of Bengal, Arabian Sea and the Indian Ocean.

The month long exercise was aimed to assess the operational readiness of naval units, validate the Navy’s war fi ghting doctrine and integrate newly included capabilities in its `Concept of Operations`. Around 60 ships and submarines, and 75 aircraft took part in this exercise, along with participation of units from Indian Air Force and Indian Coast Guard. The exercise also saw the `maiden` participation by the newly acquired P 8I Long Range Maritime Patrol aircraft and the nuclear submarine, Chakra.

The exercise also provided the Indian Navy with an opportunity to validate its network centric warfare capabilities, with effective utilisation of the recently launched Indian Navy’s Satellite, GSAT 7.

NSF FOR THE SPORT OF HOCKEY

The Ministry of Youth Affairs and Sports has given recognition to ‘Hokey India’ as National Sports Federation (NSF) for the sport of Hockey. According to a communication sent to all concerned, the Ministry has
said, ‘Hockey India’ is made responsible and accountable for the overall management, direction, control, regulation, promotion and development of the sports discipline, i.e. Hockey (Men and Women).

The communication said, in order to be eligible for assistance and continuing the recognition of Government of India, ‘Hockey India’ is required to follow the guidelines of the government issued from time to time and also those prescribed in the National Sports Development Code of India.

NATIONAL CYCLING ACADEMY

The Minister of Youth Affairs and Sports Shri Jitendra Singh inaugurated the Sports Authority of India National Cycling Academy (SAI NCA). The academy with complete back-up facilities has been set up following the
decision taken in the 42nd meeting of the Governing Body of SAI. The academy will be fi nanced by the Govt. of India, Ministry of Youth Affairs & Sports through Sports Authority of India with a long-term perspective of making it a top notch Academy which is fi nancially independent and a self-sustaining venture.

Speaking on the occasion, the Sports Minister Shri Jitendra Singh said, the Academy shall cater to the identifi cation and nurturing of young talent at both subjunior and junior levels and the training of elite athletes
on a run up to their preparations for international/national competitions.

Since Cycling Federation of India, an affi liate of the International Cycling Federation, is a major stakeholder in the Cycling discipline, necessary arrangements by way of Memorandum of Understanding (MoU) seeking their support and giving them conducive environment shall be entered into.

In the second phase, after the initial setting up and stabilizing of the Academy is achieved, SAI shall also approach the World Cycling Centre of UCI at Aigle (Switzerland) to make their coaches available from time to
time to guide in the training techniques and fi nally convert the academy into a satellite centre of the UCI World Cycling Centre.

Once the Academy is fully functional, the stream of revenue generation to make the Academy self-reliant shall be opened by way of offering the facilities in the Academy to the athletes in the different countries for training as well as for practice sessions. It is expected that most of the Asian Countries, who do not have indoor track facilities will opt to train at this venue on payment basis and this will generate enough funds to make the Academy selfsustainable in the long run.

India recently had success in Asian Track Cycling Championship held at Bangkok (Thailand) in 2013, getting fi rst-ever Gold medal in the history of Cycling.

EXCHANGE RATE OF FOREIGN CURRENCY

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notifi cation of the Government of India in the Ministry of Finance (Department of Revenue) No.13/2014- CUSTOMS (N.T.), dated the 20th February, 2014 vide number S.O.496 (E), dated the 20th February, 2014, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs(CBEC) hereby determines that the rate of exchange of conversion of each of the foreign currency specifi ed in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 7th March, 2014 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

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