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Following is from http://pib.nic.in/release/release.asp?relid=46317.

The Cabinet Committee on Economic Affairs today approved the project of Construction of Deep Draught Coal Berth at Paradip Port on Build, Operate and Transfer (BOT) basis at an estimated cost of Rs.479.01 crore, out of which Rs.408.90 crore will be borne by the BOT operator while Rs.70.20 crore will be borne by the Paradip Port Trust. The length of the approved BOT Coal Berth would be 370 meter, alongside depth of (-)17.1 meter which will be capable of handling vessels of 1,25,000 Dead Weight Tonnage (DWT) and will have developed stacking area of about 1,47,000 sqm. The project is to be implemented within a period of 36 months from the date of award of the concession.

The following are the benefits/results of the project:

(i) The project will help in de-congestion of Port due to handling of coal in higher capacity vessels upto 1,25,000 DWT.

(ii) Reduce Sea freight which will make imports cheaper.

(iii) Boost the industrial economy in the hinterland of Port leading to creation of job opportunities.

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AD/SH/LV

Following is from http://pib.nic.in/release/release.asp?relid=46319.

The CCEA has approved the revision of the rates of royalty for uranium as per recommendations of the Study Group. Accordingly, royalty rates for Uranium would be levied on ad-valorem basis on the basis of compensation amount paid to the Uranium Corporation of India Limited (UCIL), at the rate of 2% of the compensation amount received by the UCIL, to be apportioned on state wise basis as per the details provided by the Department of Atomic Energy.

The Government has taken several initiatives to streamline exploration and mining of mineral Uranium in the country. One of the issues pertained to providing a fair compensation tot he State Governments for the mineral mined out from their territory. While the Government is working out a proposal for revision of royalty rates for all minerals, a considered decision has been taken to enhance the royalty rates of mineral Uranium immediately, keeping the fact in view that uranium is a strategic mineral and mining operations in this sector is restricted to Public Sector only. Royalty on minerals is payable to the State Governments by a holder of a mining lease in respect of any mineral removed or consumed by him from the leased area.

In terms of the provisions of the Mines and Minerals (Development and Regulation) Act, 1957, the rates of royalty can not be enhanced more than once in a period of three years. The existing rates of royalty for minerals including Uranium, other than minor minerals, coal, lignite of royalty for Uranium can be enhanced any-time after 14.10.2007.

In order to review the rates of royalty and dead rent the Government constituted a Study Group under the Chairmanship of the Additional Secretary (Mines) with the representatives of the State Governments of Chhattisgarh, Jharkhand, Karnataka, Orissa, Rajasthan, Ministry of Steel, Department of Atomic Energy, Indian Bureau of Mines, and the Federation of Indian Mineral Industries as members. The Study Group noted that the details on domestic production and domestic pricing of uranium are not available in public domain. Further the mining operations of uranium are exclusively done by public sector, with limited captive use. Thus for the sake of transparency, the Study Group recommended that the compensation paid by the Government to the public sector undertakings involved in mining and processing of uranium, would be used as the reference point for determining royalty payable to the State Governments.

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Following is an excerpt from a report in expressbuzz.

The State Government today decided to develop Puri as a mega tourism circuit with an investment of Rs 50 crore.

An outlay of Rs 30 crore will be made in the next budget for the project that includes improvement of Badadanda (grand road), beautification of Puri town and sea beach, dynamic lighting system of Jagannath temple and Gundicha temple, development of parks and parking lots and construction of a tourist complex.

The high-level meeting chaired by Chief Minister Naveen Patnaik also decided to give a facelift to the peripheral areas of Puri, a major tourist attraction.

At Satapada, a sunset viewpoint and a park will be developed. There will be tourist jetty at Sipaguda and Rajahansa, official sources said. Plans are afoot to paint the buildings lined up on both sides of the Badadanda with a unique colour to give an added attraction to the Puri town. This will be done in consultation with various stakeholders.

While additional parking places for vehicles will be created in various parts of the city, arrangements will be made to ease out traffic during festivals like Rath Yatra. There will be three interchanging nodes within the town to evacuate traffic. It has been proposed to set up a multi-media museum called Srikhetra Sankrutika Sangrahalay. Vending zones will be set up on the sea beach to keep it clean and free from pollution.

Special board and lodging arrangements will be made for tourists. A few tourist complexes will be developed in various locations.

It has been estimated that about 34 lakh out of 52 lakh tourists coming to the State every year visit Puri.