20 ECONOMY

WWW.INDIANEXPRESS.COM
THE INDIAN EXPRESS, THURSDAY, JANUARY 21, 2016

OTHER CABINET DECISIONS

CABINET NOD TO AMENDMENTS

CABINET APPROVES
INDIAS STAND AT
WTOS NAIROBI MEET

`4,918-CR HIGHWAY
PROJECT IN BIHAR,
JHARKHAND CLEARED

SOLARPROJECTS:
CENTRE APPROVES
`5,050CRFUNDING

New Delhi: The stand taken

by India on issues such as
public stockholding for
food security purposes
and commitment to
abolish export subsidies
for farm exports was on
Wednesday cleared expost facto by the Union
Cabinet. The outcomes,
referred to as the Nairobi
Package include
ministerial decisions on
agriculture, cotton and
issues related to LDCs.
These cover a Special
Safeguard Mechanism for
developing countries &
public stock holding for
food security, it said.

New Delhi: To augment

road infrastructure in
Bihar and Jharkhand, the
government on
Wednesday approved a Rs
4,918-crore project to
widen stretches on
National Highway 2
running through the two
states. The Cabinet
Committee on Economic
Affairs (CCEA), chaired by
the PM Narendra Modi,
has given its approval for
development of the sixlaning of AurangabadBarwaAdda section on
National Highway 2 in
Bihar and Jharkhand, an
official statement said.

New Delhi: The Centre on

Wednesday approved a
viability gap funding
(VGF) of Rs 5,050 crore for
setting up over 5,000
MW of grid linked solar
power projects under the
Jawaharlal Nehru
National Solar Mission.
Power minister Piyush
Goyal said, To push solar
energy programme, a
scheme to provide Rs
5,050 crore VGF for setting
up 5,000 MW capacity has
been approved.
Elaborating further the
minister said, The VGF
will be provided through
reverse bidding. PTI

Trai slams FB over diversion, co hits back

PRESS TRUST OF INDIA
NEW DELHI, JANUARY 20

A DAY before the open house

discussionondifferentialpricing
of data, a full-scale war of words
hasbrokenoutbetweentelecom
regulatorTraiandsocialnetwork
Facebook over the Net neutrality debate.
TermingFacebooksactionas
diversionary, the Telecom
Regulatory Authority of India
said the whole consultation ex-

ercise has been reduced to a

crudelymajoritarianandorchestrated poll.
Neitherthespiritnortheletterof aconsultativeprocesswarrants such an interpretation
which, if accepted, has dangerous ramifications for policymaking in India, the regulator
said in its letter to Facebook on
January 18.
According to the regulator,
thecampaignbyFacebooktodefend its free Internet platform
Free Basics in India is wholly

misplaced as the consultation

paper is on differential pricing
for data services and not on any
particular product or service.
Facebook
India
on
Wednesday responded to Trais
allegations, saying its being singled out. We would note that
we are not aware of a similar request (from Telecom Regulatory
Authority of India having been
madetoanyothercommentator
who did not answer these specific questions, it said in
the reply.

INDIAN MILITARY ACADEMY

DEHRADUN
NOTICE INVITING TENDERS

The Commandant IMA, Dehradun for and on behalf of the President of India invites sealed
tenders under single bid system i.e. Commercial Bid for various purpose of this academy as per
details given below:Ser
No

NIT No

Tender

Type of
Tender

1 6380/IMG/ (a) Purchase of Chairs for this Academy Single

NIT/15Bid
(b) Purchase and Installation of
16/12
PA/Sound System for Catering Section System
of this Academy
(c) Supply of Equipment maint items for
Grand Sec of this academy
(d) Supply of campus maintenance items
for Grnd Sec of this academy

Earnest Money
Cost of
Remarks
Deposit (EMD) Tender Set
Rs 26,000/Rs 11,000/-

Rs 100/Rs 100/-

Rs 30,000/-

Rs 100/-

Rs 27,000/-

Rs 100/-

Details
may
please be
checked
at Para II
of each
RFP.

Notes:1. Tender document at Ser No. (a) to (d) can be obtained from IMG office IMA, Dehradun from
0900hrs to 1400 hrs wef 21 Jan 16 to 10 Feb 16 (Except Sunday/Holiday) on payment as per
cost of tender fee (non-refundable) mentioned above. Tender document can also be downloaded from https://eprocure.gov.in. and Demand Draft of above mentioned tender cost in
favour of The CDA (Army), Meerut is attach alongwith bid.
2. Last date and time for submission of tender at SI No. (a) to (d) is 11 Feb 2016 upto 12.00 PM.
3. Date, time & Place of opening of tender at SI No. (a) & (d) is 11 Feb 2016 at 12.30 PM at
Main gate (Reception Hall), IMA, Dehradun.
4. EMD payable at Dehradun as mentioned above in favour of The Commandant IMA,
Dehradun in the form of A/c Payee DD, FDR, Bankers Cheque or Bank Guarantee from any
of the public sector bank or a private sector bank authorized to conduct Govt. Business
will be deposited alongwith bids and should remain valid for a period of 45 days beyond the
final bid validity period.
5. Any clarification/queries regarding tender please contact Lt Col Balkaran Singh, Jt Dir IMG,
Tele No. 0135-2773831, Extn 5478 Fax No. 0135-2770031 Email id: imgima@yahoo.com

AXIS BANK on Thursday logged a

tepid 15 per cent growth in its
December quarter net profit at Rs
2,175croredrivenbycoreincome,but
the third-largest private lender saw a
sharp deterioration in asset quality
due to action on large accounts as demanded by the Reserve Bank.
The bank had to recognise over Rs
1,000 crore of assets as bad loans due
to action recommended by the RBI,
and had to dip into a specially created
buffer to show profit, the lender said.
It warned that it foresees another Rs
1,300 crore loans turning bad in the
ongoing March quarter alone.
The bank has accounted for the
fullimpact of the re-classification and
the resultant provisioning based on
RBIs systemic asset quality review of

For and on behalf of Tamil Nadu Water Supply and Drainage Board, sealed (wax sealing) bids
(in Two cover System) are invited ( through both on E-tender and manual) by the Chief Engineer,
TWAD Board, Madurai under Item-war Tender System for Providing Under Ground Sewerage
Scheme (Balance works) in Zone 8,8A,10 and construction of pumping stations in the existing
zones under phase I of package II and Zone 11,12 ,13A and 15 under phase I of Package III in
Thoothukudi corporation in Thoothukudi District of Tamil Nadu as detailed below.
1. This Procurement ,Construction, Contract will follow the procedure prescribed under The Tamil
Nadu Transparency in Tenders Act, 1998 and Rules 2000 and subsequent amendments there on.
2. Bidding documents in English may be purchased by interested bidders on submission of written application accompanied with a separate Demand Draft from any Nationalized / Scheduled
bank drawn in favour of the Executive Engineer, TWAD Board , Sewerage Division, Thoothukudi
for the above Work as detailed below.
3. Cost of tender document of work is Rs.1000 /- + 5% VAT.
4. The bid documents can also be downloaded free of cost from www.tenders.tn.gov.in and www.
twadboard.gov.in
5. Amount of Earnest Money Deposit will be 1% of the tender value of the work
6. Period of contract for the work is 12 months.
7. Pre-bid meeting will be held on 17.02.2016. at 11.00AM in the Ofice of the Chief Engineer,
TWAD Board, Madurai.
8. Further details about this work can be seen in bid documents and can also be got from the
ofice of the Chief Engineer, TWAD Board, Madurai
UNDERGROUND SEWERAGE SCHEMES DETAILS:
Period of
Sale &
Contact
Person

Last Date for

Submission of
Bids

Date & Time

of Opening of
Technical Bid

Thoothukudi District
Providing Under Ground
Sewerage Scheme Balance works in Zone 8,8A,10
and construction of pumping
stations in the existing
zones under phase I of
package IIand Zone11,12,
13A and 15 under phase I of
Package III in Thoothukudi
corporation in Thoothukudi
District including 1 year
paid maintenance.

Rs.
10.07
Crore

25.01.2016
to
25.02.2016
Executive
Engineer,
TWAD
Board,
Sewerage
Division,
Thoothukudi

Manual
Method
29.02.2016
Up to
15.00 Hours
O/o. the
Chief
Engineer,
TWAD Board,
Madurai
E- Tendering
Method
Digitally signed
encrypted
Tenders
through
E- Tendering
website
www.tn.tenders. gov.in
upto
29.02.2016
& upto
15.00 hours
( as per server
system clock )

Manual
Method
and
Electronic
opening
on
29.02.2016
at
15.30 Hours
@
O/o. the
Chief
Engineer,
TWAD Board,
Madurai

DIPR/469/Ten/2016

THE
GOVERNMENT
on
Wednesday cleared amendmentstotheNationalTariffPolicy
forElectricity,whichtightensthe
discretion currently allowed to
regulators while setting power
tariffs and makes a strong pitch
forthepromotionofcleanenergy.
The tariff policy has more
than 30 amendments in the existing tariff policytheNational
Electricity Policy, 2005.
The regulations tighten the
norms followed by electricity
regulators for setting power tariffs by requiring them to necessarilybeguidedbythenewpolicy while framing regulations
under section 61 of the
Electricity Act 2003.
After the amendments, it
would be binding on the regulators to take decisions as per the
changed policy.
A significant addition to the
objective of the policy are the
promotion of renewable generation sources and aim to create
more competition, efficiency in
operations and improvement in
quality of power supply. One of
the recommendations in the
policy to incentivise the distri-

MUMBAI, JANUARY 20

FORM OF CONTRACT: ITEM WAR TENDER (TWO COVER SYSTEM)

E- Tender Invitation for BID No. F.TCN UGSS (Bal.work) Pack II & III / D O 2
(CW) / 2016 / dt. 14 .01.2016.

Tender
Value

NEW DELHI, JANUARY 20

PRESS TRUST OF INDIA

TENDER CALL FOR UNDERGROUND SEWARAGE SCHEMES

Name of Work

ENS ECONOMIC BUREAU

CLEANENERGYPUSH
Nearly 30 amendments
in tariff policy for power
State power regulators to
be necessarily guided
under the policy while
setting power tariff
Clean energy purchase
incentivised for power
distribution companies
Regulations for ancillary
services also laid out
bution companies to procure
power from renewable sources
of energy, for which the central
government could notify an appropriatebid-basedtariff framework for renewable energy.
On the regulatory side, the
tariff policyhasincorporatedthe
word necessarily in Section 61
of theElectricityAct2003,which
empowers regulators to set
terms and conditions for the determination of tariffs at a
utility level.
The Act also requires the
Central Electricity Regulatory
CommissionandStateElectricity
Regulatory
Commissions

(SERCs) shall necessarily be

guided by the tariff policy in discharging their functions including framing the regulations under section 61 of the Act.
The policy has also allows increase in fuel cost on account of
import to be included in the tariff structure.
In case of reduced quantity
of coal supplied by Coal India,
vis-a-vis the assured quantity of
85 per cent, the higher cost of
imported or market based eauction coal for making up the
shortfall, shall be considered for
being made a pass through by
CERC or SERCs, on a case-to case
basis, to the extent of shortfall,
according to an amendment to
the policy. Generators, however,
have been given the freedom to
sell surplus power in spot market if the beneficiary does not
givepriornoticetwodaysahead.
It was earlier 10 hours.
In a first, the policy also specifiesnorms forancillaryservices.
The central commission has
beengiventherighttointroduce
the norms and framework for
ancillary service necessary to
support the power system or
grid operation for maintaining
power quality, reliability and security of the grid, including the
method of sharing the charges.

Axis Bank Q3 net rises 15% on core

income, sees sharp increase in NPAs

TAMIL NADU WATER SUPPLY AND DRAINAGE BOARD

SI.
No

New power tariff policy

tightens regulators role

Chief Engineer,

TWAD Board, Madurai.

S AV E WAT E R , C O N S E RV E WAT E R , E V E RY D R O P C O U N T S

portfolios, chief financial officer

Jairam Sridharan told reporters this
evening.
The Reserve Bank of India has
done a thorough review of the performance of these accounts across all
lenders and they have identified a select list of accounts and said even
though these accounts might not be
irregular, please go ahead and recognise them as NPAs, he said, adding
though the bank was given two quarters to recognise the stress, it did so in
a single quarter.
There is a list of accounts which
you need to recognise as NPAs on the
bookseventhoughonpayments,they
are not 90 days behind on the due
dates. Correspondingly, the regular
NPAprovisioningnormskickinwhich
resulted in a hit on the profit and loss
account, he said. Axis is the first major bank to report third-quarter numbers after the RBI review.

OTHER RESULTS
Edelweiss Q3
net up 28%

EdelweissFinancialServices
reported 28 per cent increase in net profit at Rs 106
crore for the third quarter
ended December, 31.

Indiabulls Q3
rises 26%
Indiabulls Housing Finance
reportedariseof 26percent
in its net profit at Rs 602.4
crore for the third quarter
ended December. It posted
a net profit of Rs 478.1 crore
during the corresponding
quarter of last fiscal. PTI

Murthy panel for

major tax breaks for
venture, PE funds
ENS ECONOMIC BUREAU
MUMBAI, JANUARY 20

THE NR Narayana Murthy committeeappointedbytheSEBIhas

proposed tweaking safe harbour norms and implementing
the Securities Transaction Tax
(STT) approach to taxation of investments and distributions by
alternate investment funds
(AIFs), including venture funds
and private equity funds.
Currently most fund managers of offshore funds manage
their investments from offshore
locations rather than from India.
This is a disadvantage to them
and India. The fund managers
lose the benefit of being close to
the Indian private equity and
venture capital deal flow i.e. the
pipeline of investible ventures,
the committee has said.
India loses the employment
and tax revenue benefits of a
large India-based fund management industryandlargerrelated
volumesof long-termandstable
private equity and venture capital inflows. In order to attract
significant amounts of foreign
capitalbyhavingfundmanagers
based in India, it is important
that their operations in India are
not treated as permanent establishments.
Amongtaxsuggestions,ithas

proposed pass through effective

without a 10 per cent leakage,
non-taxation of capital invested
asdeemedincomeandclarityon
indirect transfers at fund level. It
has recommended taxability of
income of AIF as capital gains as
against business income will
avoidunnecessary litigation and
build in more certainty. The
panelsuggestedexemptionfrom
service tax on services for raising funds from overseas investors.
A key proposal is for introductionof SecuritiesTransaction
Tax (STT) for private equity and
venture capital investments.
According to the committee,
an appropriate rate of STT could
be introduced on all distributions of AIFs, investment, shortterm gains and other income
and eliminate any withholding
of tax.
After Securities Transaction
Tax income from AIFs should be
tax free to investors. To ensure
that there are not too many hassles in attracting overseas funds,
it has said the government
should clarify the rules for investment by non-resident
Indians (NRIs) in AIFs on a nonrepatriation basis. Clearing the
ambiguity in this regard would
help NRIs invest in AIFs using
funds in their rupee accounts,
among others.

BRIEFLY
RCompays`5.3K Databank:NPPA
crasspectrum
extendsdeadline
liberalisationfee
New Delhi: Drug price regu-

New Delhi:
Reliance
Communications
on
Wednesday said it has
paid Rs 5,383.84 crore
asspectrumliberalisationfee
to
Department
of
Telecommunications for radiowaves in the 800/850
MHz band held by it in 16
telecom circles.

Needmorewomen
participation:ILO
Geneva: India needs to increasewomensparticipation
in labour markets and build
on its experience of its flagship employment scheme,
the ILO said on Thursday.

OFFICE OF THE CHIEF EXECUTIVE OFFICER

SHRI MATA VAISHNO DEVI SHRINE BOARD, KATRA
EXTENSION NOTICE
The last date for receipt of tenders for Cleaning and Sterilization
of Potable Water Tanks (All Types) of various Establishments of Shri
Mata Vaishno Devi Shrine Board, Katra (J&K) located at Banganga
to Enroute Bhawan, Katra & Jammu invited vide NIT No.
CO/Dev/318/3609 dated 16.12.2015 read with Extension Tender
Notice No. CO/Dev/318/3818 dated 31.12.2015 is hereby extended
further till 27.01.2016 upto 3.00 P.M.
The other details shall remain the same and can be downloaded
from official website of Shrine Board: www.maavaishnodevi.org.
Sd/No.: CO/Dev/318/4000
Dy. Chief Executive Officer (PG),
Dated: 20.01.2016
Shri Mata Vaishno Devi Shrine Board, Katra.

Government o Karnatak

Rural Drinking Water & Sanitation Department

Ofice of the Executive Engineer, Rural Drinking
Water & Sanitation Division, Ramanagar,

E-Procurement Short-term Tender Notiication No. 05/WPP/2015-16/1232-41

Email: eerdwsd.rmgr@gmail.com
DATE: 16.01.2016

The Executive Engineer, Rural Drinking water & Sanitation

Division, Ramanagar invites tenders from the eligible bidders for
the work of installation of water Puriication Plants (W.P.P) in Ramanagar District in two cover tender procedure. The rule 28 of
the KTTP Act Shall be followed or further information see the
website http://eproc.karnataka.gov.in

TIME SCHEDULE

1.Downloading of Document through e portal 18.01.2016 to 01.02.2016 up to 5:30 pm

2. Last Date & Time for Receipt of Bids 01.02.2016 Time 4:30 pm
3. Date & Time of Technical Bid Opening 03.02.2016 Time 11:00 am
Executive Engineer
RDW&S Division, Ramanagar

Karnataka Veterinary, Animal &

Fisheries Sciences University, Bidar

No.: TPC/KVAFSU/e-proc-15/G&S/PUB/2015-16/134

Date : 13.01.2016

E-PROCUREMENT MODE

SHORT TERM TENDER (15 DAYS)

KVAFSU, Bidar invites bids through e-procurement in 2

covers system for the supply of Equipments, Diagnostic
Kits and Specialized Works required for IAH&VB, Hebbal,
Bangalore from Tenderers registered in e-procurement cell of
Government of Karnataka. Total cost of the tendered amount
is Rs. 83 Lakhs. The detailed notication can be obtained
by logging on to website : www.eproc.karnataka.gov.in
on or after 20.01.2016. The last date for uploading tender
documents is 03.02.2016 up to 5:00 P.M. Further details can
be obtained from the ofce of the undersigned.
Sd/- Chairman, Tender Processing Cell,
Opp-Kannada Sabhangana, Veterinary College Campus,
Hebbal, Bangalore-560 024. Ph. : 080-23417554/23416959
DIPR/1213/LCCom

lator NPPA has extended the

deadline for pharma firms to
register themselves with
pharma data bank by a
month to February 15.

TVSrollsout
200CCbike
Chennai: TVS Motors on
Wednesday launched its
much anticipated Apache
RTR 200 motorbike, with a
startingpriceof Rs88,990exshowroom Delhi, to improve
its market share in the premium
segment.
The
company also rolled out its
refurbished Victor on the occasion. PTI

Apple seeks
nod to open
India stores
amid slow
sales concern
REUTERS

MUMBAI, JANUARY 20
APPLE INC has applied to set up
its own stores in India, one of the
worlds fastest growing smartphone markets, as the iPhonemaker looks to tap new opportunities amid worries of slowing
growth in its main markets.
Apple sells its iPhones, iPads
and Macs in India through third
party resellers, and industry analysts estimate that the
Cupertino, California-based
company has less than a 2 percentshareinIndiassmartphone
market, dominated by cheaper
brands.
Thecompanyhasfiledanapplication
with
Indias
Department of Industrial Policy
and Promotion to open its own
stores, Amitabh Kant, secretary
at the trade ministry unit told
Reuters.
Apple also confirmed the application filing, but declined to
give details.
Its expansion plans in India
come at a time when concerns
about slowing growth in the
United States and China, the
worlds most important market
for smartphones, have weighed
on the companys stock in the
last few months.
Shares in Apple,are down 28
per cent from their peak in April
last year. The company operates
morethan450storesin18countries. chief financial officer Luca
Maestri said in October that
Applehad25storesinChinaand
was opening a new one roughly
every month.
Its plans for India have been
held back due to restrictions on
foreign investment in the retail
industry, which require
singlebrandoverseasretailersto
buy close to a third of the goods
sold at their stores from local
producers.