Citizens' Issues
Customs-seized gold missing, CBI files case
The Central Bureau of Investigation (CBI) on Thursday said it has registered a case of missing confiscated gold weighing around 15 kg from the strong room of customs department in Tiruchirapalli (Trichy).
 
According to a statement issued by CBI here, based on a written complaint by the commissioner of customs, Trichy, the CBI's anti-corruption branch registered a case on April 21.
 
The allegation is that a packet of gold, weghing 18,512.5 kg, kept in the strongroom was tampered with as it only weighed 3.580 kg (inclusive of packing materials) when re-weighed.
 
During investigation till now, it is revealed that about 34 kg of gold in three different packets and foreign currency equivalent of about Rs.17 lakh are missing.
 
According to CBI, searches were conducted in three places and incriminating documents and files relating to the seized goods are recovered.

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Public feedback sought for easing investment permissions
Moving to further ease doing business in India, the government has sought suggestions from the public on ways to cut down on multiple permissions for investors, the commerce ministry said on Thursday
 
Announcing that the department of industrial policy and promotion (DIPP) has constituted an 11-member expert committee on the matter, the ministry said in a statement that "suggestions on the subject have been invited from the public".
 
The terms of reference of the committee include studying the requirement of various prior permissions with an exhaustive inventory and examining the possibility of replacing these prior permissions with a pre-existing regulatory mechanism, the statement said.
 
It would identify safeguards to be put in place while replacing the system of prior permission and integrating the same in the proposed regulatory mechanism, recommend a framework and draft the proposed legislation, it added.
 
Former DIPP secretary Ajay Shankar is chairman of the panel, whose members include Airtel vice-president Manoj Kohli and accounting firm KPMG India partner Jaijit Bhattacharya.
 

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GIC taking stakeholders' views on creating Nuclear Insurance Pool
With India's nuclear liability issue holding up deals with various countries, state-run General Insurance Corp (GIC) has conducted an international workshop of stake-holders here recently on creation of a nuclear insurance pool, parliament was told on Thursday.
 
"The General Insurance Corporation have conducted an international workshop in New Delhi on March 20, 2015 to take inputs from various stake-holders as well as clarify their doubts in the context of development of an appropriate insurance product to cover the liability under Civil Liability for Nuclear Damages (CLND) Act," Minister of State in the Prime Minister's Office Jitendra Singh told the Rajya Sabha in a written reply.
 
An official source told IANS that GIC had informed that of the Rs.1,500 crore of insurance cover required for the proposed Nuclear Insurance Pool, they would be in a position to provide only Rs.750 crore equivalent of insurance.
 
The company had requested a government guarantee for the remaining amount of Rs.750 crore to operationalise the nuclear insurance pool, the source said.
 
Under the CLND Act, besides the operator - Nuclear Power Corp, equipment and material suppliers are also liable to pay damages if an accident occurs. Compensation of up to $244 million will have to be paid in case of an accident at any of the nuclear plant covered by the law.
 
Currently, nuclear plants in India only have insurance cover for zones that are outside the area of radiation and reactors. The new pool will provide insurance cover for both hot zones -- radiation and nuclear reactors -- and cold zones -- outside the reactor areas.
 
At present, India has 20 nuclear power plants.

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