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English Release 30-September 2014
Date Month Year
  • President's Secretariat
  • President congratulates medal winners in Asian Games 2014
  • Prime Minister's Office
  • Text of Joint Editorial by Prime Minister Shri Narendra Modi and US President Mr. Barack Obama, published on the website of Washington Post
  • PM to share his thoughts with the countrymen through Radio
  • Text of Prime Minister Shri Narendra Modi's interaction session at the Council on Foreign Relations in New York
  • Vision Statement for the U.S.-India Strategic Partnership
  • PM’s address and interaction at Council on Foreign Relations in New York City
  • Min of Agriculture
  • Inclusion of State of Bihar under Foot and Mouth Disease Control Programme (FMD-CP)
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), August, 2014
  • Min of Defence
  • Chief of the Army Staff Takes Over as the Honorary Colonel of Rashtriya Rifles
  • India US Combined Military Training Exercise
  • Ministry of Finance
  • Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified
  • Task Forces as Recommended by FSLRC Constituted for Laying the Road Map for Setting-up of Resolution Corporation (RC), Financial Data Management Centre (FDMC), Financial Sector Appellate Tribunal (FSAT) and Public Debt Management Agency (PDMA)
  • Centralized Processing Center (CPC), Bengluru Becomes ISO-27001:2005 Compliant
  • Min of Heavy Ind. & Public Enterprises
  • Shri Kapil Dev Tripathi take Charge of Secretary Department of Public Enterprises
  • Min of Home Affairs
  • Union Home Minister receives contribution to PMNRF from National Police Academy
  • Min of New and Renewable Energy
  • First Renewable Energy Global Investment Promotion Meet & Expo to be held in February 2015
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 95.26 per bbl on 29.09.2014
  • Min of Science & Technology
  • Dr. Jitendra Singh lays foundation stone for new block of CSIR-Institute of Microbiol Technology at Chandigarh
  • Min of Shipping
  • Concept to be Finalised Soon for Impementation of the Sagar Mala Project
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • India won 2 Gold, 2 Silver and 3 Bronze Medals on Day 11 of Asian Games 2014
  • Min of Urban Development
  • Swachh Bharat Mission Logo and Tagline contest winners to be felicitated by Prime Minister
  • Ministry of Water Resources
  • Uma Bharti to Administer Swachh Bharat Shapath
  • Min of Women and Child Development
  • Smt. Maneka Sanjay Gandhi launches the New Guaranteed Minimum Pension Scheme in Dehradun

Previous Date

 
Cabinet Committee on Economic Affairs (CCEA)24-December, 2009 13:40 IST
Reservation quota for M/s. ITI Ltd.
CCEA Decision

CCEA Decision

 

            The Cabinet Committee on Economic Affairs (CCEA) today approved the following proposal of Department of Telecommunications regarding continuation of reservation quota for M/s. ITI Limited:

(i)       To continue the reservation quota at 30% of the requirement of BSNL/MTNL for ITTI for products manufactured by it as well as on turn key projects (like GSM network roll-out).

 

(ii)     ITI would accept orders under reservation quota only after the price is known and further if the same is commercially viable.

 

(iii)    BSNL/MTNL will give 70% advance against the orders placed on ITI so that ITI does not face the problem of working capital for the execution of the orders subject to adequate safeguards for proper utilization of these advances.

 

(iv)    The aforesaid policy measures shall remain in force for a period of one year w.e.f. 21.09.2009 and shall again be reviewed considering the financial health of ITI and advantages derived in revival package as decided by CCEA in its meeting dated 23.02.3009.

Background

            M/s. ITI Ltd., Bangalore, a Public Sector Undertaking under Ministry of Communication & IT, Department of Telecommunications (DoT) has incurred accumulated loss of Rs.3219 crore as on 31.03.2009.

            The financial position of M/s. ITI is very bad.  CCEA, in its meeting held on 28.01.2009 also directed DoT to bring up a comprehensive proposal for financial restructuring of M/s. ITI Limited.  Accordingly, a revival package for ITI Limited is under consideration of the Department of Telecom.

            In order to enable ITI to survive in the competitive environment of telecom manufacturing, BSNL and MTNL have been extending reservation benefit of 30% alongwith 70% advance to ITI Ltd.  The validity of reservation benefit extended to ITI expired on 20.09.2009.

Implementations Strategy and Targets:

            BSNL and MTNL will be requested to extend the benefit of reservation quota to ITI Limited for a period of one year w.e.f. 21.09.2009.

Major Impact

            The extension of the benefit of 30% reservation quota with 70% advance from BSNL and MTNL will ensure enough orders for ITI for the production activities. 

Details and Progress of Scheme if already running

            CCEA in its meeting held on 20.09.2006 had extended the benefit of 70% reservation quota for ITI for a period of three years which has since expired on 20.09.2009.

**********

 

HS/SH/LV

 


(Release ID :56453)

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