VAlUERS BODIES oppose COMPANIES (VAlUERS & VAlUATION) RUlES, 2017
The pan-India Valuers Federation (Joint Platform of various Valuers Associations of India) held a Press conference at Press Club of India on July 4, Wednesday against Companies (Valuers & Valuation Rules) 2017 as notified by Ministry of Corporate Affairs (MCA). According to the ‘Federation’, the new regulation of 2017 is retrograde for Valuers profession and compromises on quality that will lead to corruption and prove to be a death knell for the ethical profession. “The Valuation of land & Building/Plant & Machinery are technical in nature and I strongly support the law for practicing valuers, under section 34AB of Wealth Tax Act 1957 that allows only graduate engineers, architects and town planners with minimum 10 years of practical experience to work as Registered Valuers,” says Er. (civil) Deepak Sood, Gen. Secy., Rajasthan Council of Income Tax Valuers. “It is beyond our imagination that how 50 hours training which is being conducted in just 6 days for persons having no technical degree will improve the quality of Valuation profession,” further added Er. Sood.
SAIl’s RMD clocks record iron ore production & despatch in Q1
Mines of Raw Materials Division (RMD) of Steel Authority of India limited (SAIl) clocked record iron ore production and despatch in the 1 st quarter of 2018-19 surpassing all previous records. RMD’s iron ore mines at Kiriburu, Meghahatuburu, Gua, Chiria in Jharkhand, and Bolani, Barsua, Taldih, Kalta in Odisha together produced and despatched 5.19 million tonne (MT) and 5.11 MT respectively notching a growth of 15.4% and 16.7% over corresponding period last year. The mines have also achieved best ever monthly production of 1.85 MT in June. RMD’s Bolani Ores Mines has individually clocked highest ever loading of 151 rakes in the month of June. The significant rise attributes to system changes brought in by RMD in its mines. Reduction in loading time of rakes at mines, and turnaround time of rakes from steel plants resulted in highest ever despatch of 1463 rakes in Q1 from RMD mines. Opening of Barsua Iron Mine also added further volume.
NMDC Awarded as Best PSE for Implementation of Rajbhasha
NMDC has been awarded Ispat Rajbhasha Samman (First Prize) amongst PSEs of Ministry of Steel for implementation of Rajbhasha for the Year 2017-18. N. Baijendra Kumar, IAS, CMD and Shri Sandeep Tula, Director (Personnel) received the award from Union Minister of Steel Chaudhary Birender Singh during the meeting of Hindi Advisory Committee of Ministry of Steel held at Indore on July 5. Shri Vishnu Deo Sai, Minister of State for Steel and Dr. Aruna Sharma, Secretary (Steel) were also present at the award ceremony. Ispat Rajbhasha Samman was also given on this occasion to RN Misra, AGM(Rajbhasha) of NMDC in Hindi Officers’ Category and SK Sanodia, PA (Rajbhasha) in Employee Category.
INDIAN COAST GUARD HOlDS XVII NATIONAl MARITIME SEARCH & RESCUE BOARD MEETING
Indian Coast Guard conducted the XVII National Maritime Search and Rescue Board (NMSARB) meeting at Vigyan Bhavan, New Delhi on July 5. The apex level Maritime Search and Rescue meeting was chaired by Director General Rajendra Singh, PTM, TM, Director General Indian Coast Guard and Chairman, National Maritime Search & Rescue Board (NMSARB). The Board comprising 28 members from various ministries, agencies, all Coastal States & Union Territories meets annually to discuss policy issues, formulate guidelines & procedures and assess the efficacy of National Search and Rescue Plan. The meeting was additionally attended by representative of Department of Animal Husbandry, Dairying and Fisheries and senior officials of Fisheries Department from Gujarat, Maharashtra, Kerala and Tamil Nadu.
BSNl Internet Telephony Service ‘Wings’— Soft launch on July 4
TRAI vide its recommendation dated October 24, 2017 and recently DOT vide clarification on Internet Telephony issued on June 19, 2018 has allowed Internet Telephony by access service providers.
BSNl is ready with its Internet Telephony (VOIP) Service with brand name “WINGS” to the customers. This service using Mobile Numbering scheme is being provided using IP based access network of IMS NGN Core switches. To use the service, a customer needs to install a SIP client (soft app) on any of its smart devices (laptop/smart mobile handset/tablet etc) having internet which will act as SIP phone to make and receive calls from anywhere in India and abroad withany party (landline/mobile).
CENTRAl HOUSING MINISTRY HANDS OVER 210 TYPE II REDEVElOPED GPRA FlATS TO AllOTTEES
Union Minister of State (Independent charge) Housing and Urban Affairs (MoHUA), Hardeep Singh Puri in the presence of Secretary, MoHUA, Durga Shanker Mishra and CMD, NBCC, Dr. AK Mittal on Thursday handed over 210 flats of Type II to allottees for possession under the Government Pool Residential Accommodation (GPRA)redevelopment scheme at East Kidwai Nagar, New Delhi.
INAUGURATION OF E-TICKETING FACIlITY FOR National Security Guard
As part of modernisation and automation drive, National Security Guard (NSG) which is the Federal Contingency Force of the Union of India and also known as “The Black Cats” acquires e-ticketing facility at its Headquarters, New Delhi.