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English Release 28-January 2015
Date Month Year
  • President's Secretariat
  • President of India congratulates king of Saudi Arabia on his accession to the throne
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  • Spectrum Auction for 2100 MHz Band in February 2015
  • Signing of MoU between India and Oman in the field of tourism
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  • Mandatory use of jute in packaging for the Jute Year 2014-15 (1st July, 2014 to 30th June, 2013)
  • Grant of subsidy to Jute Corporation of India to maintain its infrastructure for MSP operations
  • Proposal of the HDFC Bank Limited for (i) maintaining the permissible foreign holding in the bank up to 74% of the total paid up capital and (ii) issuance of equity shares aggregating to an amount of Rs.10,000 crore to NRIs/FIIs/FPIs subject to aggregate foreign shareholding not exceeding 74 percent of the post issue paid up capital
  • Proposal of M/s Lupin Limited for increase in aggregate limit of investment by FIls and their sub accounts registered with SEBI, from 33 percent to 49 percent
  • Min for Develop. of North-East Region
  • DoNER Minister Dr. Jitendra Singh proposes setting up of hostels for students of Northeast studying in Delhi
  • Min of Agriculture
  • No Shortage of Seeds in Kharif Season 2015
  • Min of Comm. & Information Technology
  • Reconstitution of Empowered Committee regarding setting up of Semiconductor Wafer Fabrication (FAB) manufacturing facilities in the country
  • Spectrum Auction for 2100 MHz Band in February 2015
  • Min of Defence
  • Curtain Raiser – Beating Retreat Ceremony 2015
  • LCA TEJAS Achieved Yet another Accomplishment
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  • India committed to pursue and practice clean and sustainable development – Shri Prakash Javadekar
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  • Acceptance of the Order of the High Court of Bombay in the case of Vodafone India Services Private Limited
  • Amended Exchange Rates of Foreign Currency Notified
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  • India wants good neighbourly relations, says Union home minister
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  • Min of Textiles
  • Grant of subsidy to Jute Corporation of India to maintain its infrastructure for MSP operations
  • Mandatory use of jute in packaging for the Jute Year 2014-15 (1st July, 2014 to 30th June, 2013)
  • Proposal of the HDFC Bank Limited for (i) maintaining the permissible foreign holding in the bank up to 74% of the total paid up capital and (ii) issuance of equity shares aggregating to an amount of Rs.10,000 crore to NRIs/FIIs/FPIs subject to aggregate foreign shareholding not exceeding 74 percent of the post issue paid up capital
  • Proposal of M/s Lupin Limited for increase in aggregate limit of investment by FIls and their sub accounts registered with SEBI, from 33 percent to 49 percent
  • Ministry of Tourism
  • Signing of MoU between India and Oman in the field of tourism
  • Min of Urban Development
  • Special Purpose Vehicle to be formed for setting up Sewerage Treatment Plants in Ganga cities
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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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