Nine MPs across party lines occupy different properties as compared to the land allotted to them. The Lok Sabha Speaker—who oversees government appointment— had not handed over a bungalow even after she was allotted another one after her appointment in her current position in 2009. This information was unearthed after RTI activist Subhash Chandra Agrawal filed an application
Eight former and one sitting Parliamentarians are not only occupying government bungalows after losing entitlement, but are not even paying nominal rent which is mandatory for staying there. Moreover, the Speaker of the Lok Sabha, Meira Kumar, has not handed over a bungalow even after she was allotted another one after her appointment in her current position in 2009.
The information has been revealed by RTI (Right to Information) activist Subhash Chandra Agrawal through an application to the directorate of estates at the Ministry of Urban Development.
The six former Parliamentarians who have defaulted on the rent are: Ram Deo Bhandari, Sangita Kumari Singhdeo, G Venkataswamy, Devwrat Singh, Jagdish Tytler, the family of late Krishan Lal Balmiki and sitting MP YSR Jagan Mohan Reddy. Ajay Singh Chautala and Gireesh Kumar Sanghi have not defaulted but occupy unauthorised bungalows.
The biggest defaulter is G Venkataswamy, who owes Rs29 lakh; followed by Mr Tytler who owes Rs 19lakh as on 30 September 2011. Both their allotments were cancelled on 18th June 2009.
Mr Agrawal has also accessed information of land being allotted to various political parties for their office buildings. However, the addresses of AICC, BJP, CPI and Samajwadi Party do not match those which feature in a statement issued by the directorate of estates titled ‘Accommodation attached to various political parties and dues against them.’ This statement shows four properties attached to AICC, two with BJP and one for Samajwadi Party and CPI each.
The details of the dues (as on June 2011) against some accommodations are: BJP at 14, Pandit Panth Marg has outstanding dues from April 2009; Nationalist Congress Party at 10, Dr BD Marg from September 2010 to June 2011; CPI at AB-4 Purana Qila Road from July 2010 and president of Bahujan Samaj Party at 4,GRG Road from January 2011.
The Speaker of the Lok Sabha supervises the accommodation facilities allotted to the members. But Ms Meira Kumar herself quoted controversy about a year ago by not handing over the bungalow whose allotment was cancelled in 2009. Incidentally, that same bungalow now houses ‘Babu Jagjivan Ram Memorial’; named after her father and former Parliamentarian—and also has a statue of him.
The reply to Mr Agrawal’s letter says, “The bungalow No. 6, KM Marg was allotted to Smt Meira Kumar, the then Union Minister of Social Justice and Empowerment, on 04.06.2004. However, she did not occupy the same. Subsequently, on her becoming the Speaker, she was allotted bungalow No. 20 Akbar Road on 06.07.2009. The bungalow No.6, KM Marg, has not been allotted to anyone thereafter.”
In his reply, the director of estates says that there are no rules pertaining to how long a government bungalow can stay vacant. On being asked about the vacation certificate of bungalow No.6, a central public works department (CPWD) has declared, “No action in this regard can be taken by CPWD unless the bungalow is vacated by the honourable Member of Parliament.”
The Dhirubhai-34 discovery, known as the R-Series field, has gross in-place gas reserves of 1.64 trillion cubic feet, which, according to Reliance, can be brought into production in four to five years, sources privy to the development said
New Delhi: Reliance Industries (RIL) plans to invest up to $2.338 billion to produce about 15 million metric standard cubic metres per day (mmscmd) of gas from the R-Series gas field in its eastern offshore KG-D6 block, reports PTI.
The Dhirubhai-34 discovery, known as the R-Series field, has gross in-place gas reserves of 1.64 trillion cubic feet, which, according to Reliance, can be brought into production in four to five years, sources privy to the development said.
The proposal to declare the field commercially viable—a prerequisite before investments can be made to bring it to production—is likely to come up before the KG-D6 block oversight committee this week.
The management committee (MC) for KG-D6 has one member each from Reliance and its two partners, BP Plc of the UK and Niko Resources of Canada, besides oil regulator Directorate General of Hydrocarbons (DGH) and the petroleum ministry.
Sources said the MC is likely to consider Declaration of Commerciality of four discoveries—Dhirubhai-29, 30, 31 and 34—in the KG-DWN-98/3, or KG-D6, block. The DGH has raised objections on technical data for the D-29, 30 and 31 finds and has asked Reliance to withdraw the current proposal and resubmit it later.
The MC will only consider the DoC for the D-34 field.
Reliance believes D-34 can produce 14.68 mmscmd of gas from 11 wells for eight years, they said, adding that the investment figures were only tentative, with a limited view of assessing commerciality of the find and a firm field development plan would be submitted after the DoC is approved.
It had previous submitted a field development plan (FDP) for four satellite fields surrounding the currently active Dhirubhai-1 and 3 (D1 and D3) fields in KG-D6 block. The proposal to invest $1.529 billion for producing up to 10 mmscmd of gas from the Dhirubhai-2, 6, 19 and 22 (D-2, D-6, D-19 and D-22) fields in the KG-D6 block by 2016 is awaiting oil ministry approval.
Sources said Reliance believes D-29, 30, 31 and 34 hold gross in-place reserves of 2.2 trillion cubic feet and can produce a peak output of up to 20 mmscmd. But since the DGH has asked D-29, 30 and 31 to be disassociated, the D-34 reserves of 1.267 tcf are being considered.
The company has so far made 18 gas discoveries in the KG-D6 block. Of these, D-1 and D-3—the largest among the lot— were brought into production from April 2009.
It had in July 2008, submitted a FDP for nine satellite gas discoveries (D-2, D-4, D-6, D-7, D-8, D-16, D-19, D-22 and D-23) with an estimated capex of $5.6 billion and reserves of 1,708 billion cubic feet (bcf).
Reliance later submitted an optimised development plan for the four satellite gas fields at the end of year 2009.
Reliance estimated 1,733 bcf of in-place gas reserves in the four finds, of which 626 bcf can be produced. However, the DGH trimmed down the estimates to 1,342 bcf and 617 bcf, respectively.
IndusInd Bank revises savings account interest rate to 5.5-6%.
IndusInd Bank revises interest rates on savings accounts with effect from 1 November 2011 for its resident savings account customers.
Revised Rates are as follows:
Savings Account balance up to Rs1 Lakh: 5.5% p.a.
Savings Account balance above Rs1 Lakh: 6% p.a.
IndusInd bank has also revised its base rate and BPLR upwards by 25 basis points.