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Wednesday, July 11, 2001
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Online edition of India's National Newspaper Wednesday, July 11, 2001 |
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Rs. 330 cr. more aid to cyclone-hit Orissa
By Our Special Correspondent
NEW DELHI, JULY 10. The Union Cabinet today decided to provide an
additional Central assistance of Rs. 330 crores for construction
of two lakh more houses in cyclone-affected Orissa under the
Indira Awaz Yojana.
The Cabinet, which met here this morning, also allowed the
Telecommunications Consultants India, a public sector unit, to
invest $9.05 million equity participation in a joint venture
company floated to provide WLL-based basic telecom services in
Nepal. The other members of the four-party consortium - United
Telecom Limited - are MTNL, VSNL, and Nepal Venture Private
Limited.
The Cabinet also approved ratification of amendments to the
International Telecommunications Satellite Organisation
(Intelsat) Agreement and Intelsat Operating Agreement. The
ratification is necessary as Intelsat intends to commence
operations by June 18.
Established in 1971, Intelsat's mandate is to design, develop,
construct, establish, operate and maintain the space segment of
the global commercial telecommunications satellite system. It has
a representation of 145 member-countries holding a total
investment of $1 billion. It is now being restructured to include
private participation, with the Government continuing to have the
supervisory role.
The Cabinet also allowed Andrew Yule to acquire 26 per cent
equity at par on preferential allotment basis in the Calcutta-
based Descon Consultants and Investments Limited.
By Our Special Correspondent
NEW DELHI, JULY 10. The Union Cabinet today approved the
restructuring of the Customs and Excise Department which will
involve creation of more commissionerates with shorter
geographical jurisdiction.
Aimed at increasing productivity and efficiency, the
restructuring proposal would mean increasing the number of
Central Excise Commissionerates to 92 and 460 divisions against
the existing 59 and 330. Similarly, the idea is to have 35
commissionerates against the existing 25 and the creation of 54
additional posts of Commissioner (Appeals) to deal with nearly
38,000 pending cases.
According to a Cabinet note, the restructuring is expected to
lead to additional revenue mobilisation of five per cent of the
present revenue collection. The total indirect tax collection in
2000-01 was Rs. 1,15,000 crores.
Over the last five years, there has been an average annual growth
of 10 per cent in Central excise and 13 per cent in customs duty
collections.
Incidentally, because of more intensive focusing by the
Commissionerates, a net reduction in staff strength of 3,600 is
expected, which works out to 5.24 per cent of the existing
strength of 68,761.
The total number of assessees dealt with by the Customs and
Excise Department works out to 1,25,000.
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