Way, Under Indian Geomining Conditions, Were Not Found Suitable. I English] IDF Aid to India ' 139. SHRI MADHAVRAO SCINDIA

way, under Indian geomining conditions, were not found executing agencies have not been able to accomplish suitable. the jobs on time. Civil works in Mumbai, Calcutta and Hyderabad Mints were delayed by civil construction I English] agencies. The remaining works have therefore been assigned to new agencies. However, major plants & IDF Aid to India machinery have already been procured and have been installed and in the process of commissioning. ‘ 139. SHRI MADHAVRAO SCINDIA : Will the Minister of FINANCE be pleased to state ; The equipments related to ferritic stainless steel stream are already installed and under commissioning (a) whether India Development Forum at its meeting and will become operational by March, 1997. The held in Tokyo had pledged aid amounting $ 7 billion to equipments related to cupro-nickel stream are also India; installed ana under commissioning and will also be (b) if so, the details thereof; and operational by June, 1997. (c) the terms and conditions of the aid being provided9 Shares of U.T.I. THE MINISTER OF FINANCE (SHRI P. 1150. SHRi SANAT KUMAR MANDAL : Will the CHIDAMBARAM) ; (a) and (b). Yes, Sir The India Minister of FINANCE be pleased to state : Development Forum meeting was held on 19th and 20th Sept.. 1996 in tokyo to discuss aid requirements (a) whether the attention of the Government has of the country. The meeting of bilateral and multilateral been invited to the news item captioned “Probe into donors took place on 19th September, 1996 where sale of VSNL. shares by UTI ahead of sell off” appearing India’s development partners pledged above $ 7 billion in the ‘Business Standard' New Delhi dated the October to US $ 6.7 billion + US $ 0.4 billion in long terms 17, 1996; finance promised on a bilateral basis at market rates) (b) if so the facts of the matter reported therein; for the year 1996-97. Out of this US $ 2.2 billion will and be in the form of concessional assistance. (c) the outcome of the investigation and action taken (c) The terms and conditions such as repayment or proposed to be taken against the Unit Trust of India9 period and rate of interest are known only after the aid THE MINISTER OF FINANCE (SHRI P negotiations/agreements with donor countries/ CHIDAMBARAM) . (a) Yes, Sir. institutions are finalised. (b) The news item refers to sale of VSNL shares by Unit Trust of India in a falling market which has further Modernisation of Mints depressed the price of the scrip. Unit Trust of India has reported that during the period Nov , 95 to October, 96 ‘ 140. SHRI G. VENKAT SWAMY ; Will the Minister it sold 21,45,200 shares of VSNL. The market operations of FINANCE be pleased to state : were undertaken by UTI to meet redemption and (a) whether the work of modernisation of dividend requirement of the schemes of UTI. Government of India Mints at Bombay. Calcutta and (c) Government has not undertaken any Hyderabad which was scheduled to be completed by investigation into the matter as Financial Institutions March, 1992. has not been completed so far; manage their portfolio based on their commercial (b) if so, the reasons therefor. Mint-wise; and perception and internal norms. (c) the time by which it is likely to be completed9 Gold brought through Calicut Airport THE MINISTER OF FINANCE (SHRI P CHIDAMBARAM) ; (a) to (c). With a view to achieving 1151. SHRI MULLAPPALLY RAMACHANDRAN : self-sufficiency in meeting our requirement of coins, it Will the Minister of FINANCE be pleased to state ; was decided to modernise the India Government Mints at Mumbai/Calcutta/Hyderabad at an estimated cost of (a) the quantity and value of gold recorded to have Rs. 118.28 crores at 1986 price level. Subsequently, it been brought by Indian citizens working in gulf countries was decided to coinise Rs. 2/- & Rs. 5/-. The through Calicut Airport since the liberalisation of gold modernisation project was accordingly reviewed. The import scheme; and Governrnent gave its approval to the project in June (b) the quantity and value of contraband gold seized 1994 at a total cost of Rs. 301.82 crores and completion at Calicut Airport during the last three years? by November 1996. THE MINISTER OF FINANCE (SHRI P. The implementation of the project has not CHIDAMBARAM) ; (a) The quantity and value of gold progressed as per the schedule since some of the recorded to have been brought in by Indian citizens x working in gulf countries through Calicut Airport since (b) the amount of money brought by them into India; the liberalisation of gold import scheme i.e. from 1992 and onwards is given as under (c) the amount of direct investment made by these Year Quantity (In M.T.) Value (In Cn companies m India9 THE MINISTER OF FINANCE (SHRI P 1992-93 17.143 38.02 CHIDAMBARAM) : (a) The total number of Foreign 1 993-94 29.786 65 53 Institutional Investors (FI Is) registered with the Securities 1994-95 59.908 131.80 and Exchange Board of India (SEBI) as on 20 11.1996 is 419 1 995-96 67.273 148 00 (b) and (c). As per the periodic reports filed with 1996-97 45.21 99 45 SEBI by the custodians to the Fils, the cumulative net (upto 31-10-96) investments by the Fils in the Indian capital market was US $ 7092.6 Million till 20th November, 1996. (b) The quantity and value of contraband gold seized at Calicut Airport during the last three years is [Translation] as under - Loans to States by N.A.B.A.R.D. Year Quantity (In Kgs ) Value (In Lakhs) 1154. PROF. RASA SINGH RAWAT ; 1993-94 51 53 2 2 9 SHRI G.A CHARAN REDDY : 1994-95 n0 1 31 SHRI SHANTILAL PARSOTAMDAS PATEL : 1995-96 67 339 SHRI O P. JINDAL ; 1996-97 53. I 3 268.24 (upto 31.10.96) Will the Minister of FINANCE be pleased to state . (a) the amount of financial assistance provided by National Bank for Agriculture and Rural Development Ban on Wages and Salaries of Sick P S.Us. (NABARD) during each of the last three years and in the current year. State-wise and scheme-wise and the 1 152. SHRI R. SAMBASIVA RAO : Will the Minister number of beneficiaries therefrom; and of INDUSTRY be pleased to state (b) the details of terms and conditions of this (a) whether the Government propose to lift ban financial assistance9 embargo on the wages and salaries of employees of THE MINISTER OF FINANCE (SHRI P. sick Public Sector Undertakings imposed since January CHIDAMBARAM) (a) and (b). The information is being 1. 1992; collected and to the extent available, will be laid on the (b) whether the Government also propose to revise Table of the House the wages of supervisors and officers drawing IDA in sick PSUs where such revisions are due since 1 1.1992; Development of Handloom Sector (c) if so, details thereof; and (d) if not, the reasons therefor9 1155. SHRI ASHOK PRADHAN : Will the Minister of TEXTILE be pleased to state : THE MINISTER OF INDUSTRY (SHRI MURASOLI MARAN) : (a) and (b). There is no ban/embargo on the (a) whether the Union Government have received wages and salaries of employees of sick Public Sector any proposal from the Government of Uttar Pradesh for Undertakings. Salary/wage revision of the employees allocation of more funds to promote the handloom following IDA scales, in such enterprises, are permitted industry and to achieve more development in this field, provided they fulfil the conditions stipulated in the Govt, (b) if so, the details thereof; and guidelines. (c) the action taken by the Union Government in (c) and (d). Do not arise. this regard? THE MINISTER OF TEXTILES (SHRI R.L. JALAPPA) Foreign Financial Institutions (a) to (c). The allocations of funds for the development of handloom sector are generally scheme-wise and not 1153. SHRI SURESH PRABHU : Will the Minister Statewise. All the State Governments and Union of FINANCE be pleased to state : Territories are eligible for assistance under the various (a) the number of foreign financial institutions ongoing schemes of the Government. On the basis of registered in India; viable proposals received from the State Government of.

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