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English Release 31-October 2014
Date Month Year
  • President's Secretariat
  • Education will be the single biggest transformative factor in catapulting India into the league of developed nations, says President
  • President of India congratulates Pankaj Advani on achieving 12th world title in Leeds
  • President pays floral tributes to Sardar Vallabhbhai Patel
  • Prime Minister's Office
  • Text of PM’s address at 'Run For Unity' at Rajpath on the occasion of Rashtriya Ekta Diwas
  • PM receives personal belongings of Sardar Patel, on his 139th birth anniversary
  • Sidelights – Run For Unity Event at Rajpath, New Delhi
  • PM flags off, joins Run For Unity on Sardar Patel Jayanti
  • PM remembers Smt. Indira Gandhi on her Punya Tithi
  • PM pays tributes to Sardar Patel on his birth anniversary
  • Election Commission
  • General Election to Legislative Assemblies of Jharkhand and Jammu & Kashmir 2014 - Allotment of Broadcast/Telecast time to Political Parties – regarding
  • Min of Agriculture
  • Kharif Rice Area Coverage
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), September, 2014
  • Department of Commerce calls for creative participation for India’s participation at Hannover Messe
  • Min of Defence
  • Minor Incident Involving Naval Ship
  • Indian Warships Visit to Port Louis
  • Ministry of Finance
  • Auction for Sale (Re-Issue) of Government Stocks
  • Major Focus of the Government is to Bring Back the Growth Momentum: Finance Minister
  • Auction for Sale (Re-Issue ) of ‘8.30 per cent Government Stock, 2040’
  • Auction for Sale of a new Government Stock of 19 Years
  • Auction for Sale (Re-Issue ) of ‘8.60 per cent Government Stock, 2028’
  • Auction for Sale (Re-Issue) of ‘8.27 per cent Government Stock, 2020’
  • Subash Chandra Garg Relieved to take up His New Assignment As Executive Director, World Bank, Washington D.C.
  • Rajiv Mehrishi takes over as Secretry, Department of Economic Affairs, Ministry of Finance
  • Min of Health and Family Welfare
  • MoU with Spain on organ transplantation soon
  • Min of Home Affairs
  • MoS Home Kiren Rijiju participates in ‘Run for Unity’
  • Text of Home Minister's speech at NPA, Hyderabad
  • Cyber Crime Prevention Strategy will be Strengthened: Home Minister Shri Rajnath Singh
  • Home Secretary Administers Rashtriya Ekta Diwas Pledge
  • “Police Stations should become Temples of Justice,” says Rajnath Singh
  • Min of Human Resource Development
  • 2nd Meeting of SAARC Education Ministers Held
  • Min of Parliamentary Affairs
  • Standing Committee on Railways invites suggestions on Railways(Amendment) Bill, 2014
  • Min of Personnel, Public Grievances & Pensions
  • Central Armed Police Forces (Assistant Commandants) Examination, 2014 Declaration of Result of Written Part
  • Min of Petroleum & Natural Gas
  • Constitution of Steering Committee for successful implementation of “Make in India” campaign in the Oil and Gas Industry.
  • Global crude oil price of Indian Basket was US$ 84.77 per bbl on 30.10.2014
  • Ministry of Railways
  • Railway Protection Force hosting 15th All Indian Police Band Competition
  • Min of Road Transport & Highways
  • Institute of Driving Training & Research to be inaugurated tomorrow at Pune
  • Electronic Toll Collection System makes Delhi-Mumbai Drive Faster and Cheaper
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on October 30, 2014
  • Min of Women and Child Development
  • SRB to be raised by 10 basis points every year

Previous Date

 
Ministry of Communications & Information Technology24-December, 2009 13:43 IST
Reservation quota for M/s. ITI Ltd.
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 :56454)

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