opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 4233 (UNSTARRED), answered on 2017-08-11
Subject: Enhancing Stake of LIC in Companies
Ministry: FINANCE
Asked by: R. VANAROJA

## Government of India Ministry of Finance Department of Financial Services Lok Sabha Unstarred Question No. 4233

Friday, August 11, 2017/Shravana 20, 1939 (Saka)

## Enhancing Stake of LIC In Companies

## 4233 . SHRIMATI VANAROJA R:

Will the Minister of FINANCE be pleased to state:

- a) whether the Insurance Regulatory and Development Authority of India   (IRDAI) is considering to allow insurers to raise stake in companies beyond 15 per cent and if s0, the details thereof and reasons therefor;
- b) whether this move may allow Life Insurance Corporation of India (LIC) to participate in the Government'$ sale of shares in blue chip companies held by the Specified Undertaking of Unit Trust of India (SUUTI) and if so, the details thereof;
3. whether there is a lot of global interest in India's insurance sector and if So, the details thereof; and
- d) whether the Government s stake held by SUUTI is collectively valued at almost Rs. 62,600 crore, more than the Rs. 56,500 crore budgeted from disinvestment in the current financial year and if s0, the details thereof?

Answer Minister of State in the Ministry of Finance

(Shri Santosh Kumar Gangwar)

- (a) and (b): As per Regulation 9 of Insurance Regulatory and Development Authority of India (Investment) Regulations 2016, an insurer can invest not more than 15% in any single investee company, if the investment assets of the insurer are Rs.2,50,000 crore or more.

However, where an insurer to Insurance Regulatory and Development Authority of India (IRDAI) on a case to case basis, justifying the need for investing more than the exposure specified in Regulation 9 of the said Regulations, the Authority may consider and permit such additional exposure. IRDAI has approved LIC s additional exposure into Equity 2%/ in ITC Ltd and upto 5% in L&T Limited from Specified Undertaking of Unit Trust of India (SUUTI) applies upto

- (c): Through Insurance Laws (Amendment) Act; 2015, the foreign investment limit in insurance sector was  increased from 26% to 49%. Post increase in the limit; the total foreign investment received in the country in the insurance sector is Rs. 24,136.54 crore, as on date.
- (d): Total value of the Government' s stake held by SUUTI is around Rs.51,110 crore based on the current prevailing prices on the Stock Exchanges as on 08.08.2017.
Lok Sabha Question No. 4232 (UNSTARRED), answered on 2017-08-11
Subject: Mechanism under AYUSH
Ministry: AYURVEDA,YOGA & NATUROPATHY,UNANI,SIDDHA AND HOMEOPATHY (AYUSH)
Asked by: R. PARTHIPAN

## GOVERNMENT OF INDIA MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (AYUSH)

LOK  SABHA UNSTARRED  QUESTION NO. 4232 TO BE ANSWERED ON 11 TH AUGUST , 2017

## MECHANISM UNDER AYUS H

## 4232. SHRI R. PARTHIPAN:

Will  the  Minister of AYURVEDA,  YOGA  AND  NATUROPATHY,  UNANI, SIDDHA AND HOMOEOPATHY (AYUSH) be pleased to state:

- (a)  whether  the  Government  has  any  mechanism  under  the  AYUSH  to  collect  demographic information, hygiene conditions, food habits, seasons, lifestyle etc., if so, t he details thereof;
- (b) whether incidence and prevalence of disease and their relation to the incidence of di studied across the country and if so, the details thereof;
- (c)  whether  the  AYUSH  is  assessing  health  status  and  propagation  of  Ayurve dic  concept  of pathya - apathya and extension of health care services; and
- (d) if so, the details thereof?

## ANSWER

THE MINISTER OF STATE (IC) OF THE MINISTRY OF AYURVEDA,

YOGA & NATUROPATHY, UNANI, SIDDHA AND

(SHRI SHRIPAD YESSO NAIK)

- (a) : The Government does not have any mechanism under Ministry of AYUSH to collect such information.  However,  Central  Council  for  Research  in  Ayurvedic Sciences  (CCRAS),  an autonomous  body  under  the  Ministry  of  AYUSH  is  conducting  the  various  research  oriente health programs i.e. Swastha Rakshan Program (SRP), Ayurveda mobile health care programme under  the  Schedule  Caste  Sub  Plan  (SCSP)  and  Tribal  Heal th  Care  Research  Programme (THCRP)  through  its  25  centres  across  the  country  to  collect  and  document  demograph information  along  with  their  other  issues.  The  various  information  collected  during programs is published by the council from time to tim e in the form of monographs and research papers. The details of the same are published in THCRP Assam (2002 - 2008)  monograph and THCRP Andaman and Nicobar Islands (2002 - 2008) monograph.

Contd………

HOMOEOPATHY

- (b) : The disease prevalence and incidence is being documented by CCRAS through various research  oriented  health  programmes  and  published  from  time  to  time.  Further,  Council critically analyzed the information documented at peripheral institutes regarding a ttendance of the patients with different diseases and analyzed the data of 62 lakh patients across 20 published the information in the form of monograph. , CCRAS is delivering the concept of pathya and apathya for the propaga tion and extension of health care services through Information, Education and Communication (I and verbal communications during various programmes such as SRP, THCRP, SCSP and regular

…………….

(c) & (d) :      Yes OPDs of the institutes.
Lok Sabha Question No. 4231 (UNSTARRED), answered on 2017-08-11
Subject: Service Animals of Indian Army
Ministry: DEFENCE
Asked by: RAMSINH PATALYABHAI RATHWA

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEPARTMENT OF DEFENCE

## LOK  SABHA

## UNSTARRED QUESTION NO.4231

TO BE ANSWERED ON THE 11 TH  AUGUST, 2017

## SERVICE ANIMALS OF INDIAN ARMY

4231.  SHRI  RAMSINH RATHWA:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether  the  Government has  chalked out  any  programme  to  stop  euthanasia  of service  animals  of  Indian  Army  including  dogs,  mules,  horses  etc.  once  their  service years are over;
- (b) if so, the details thereof and if not, the reasons therefor; and
- (c) the steps taken by the Government to protect the sentient animal friends of Indian Army from pain and sufferings?

## A    N    S    W    E    R

MINISTER OF STATE IN THE MINISTRY OF DEFENCE

र  ा रा य मं ी

(DR. SUBHASH BHAMRE)

(डा. सुभाष भामरे)

- (a) & (b): The euthanasia of old and worn out animals of Indian Army has ceased completely.  The policy was promulgated in September, 2015.
- (c) Adequate  provisions  for  care  and  management  of  old  animals  has been created in Army Establishments.

*******
Lok Sabha Question No. 4230 (UNSTARRED), answered on 2017-08-11
Subject: Consolidation of Banks
Ministry: FINANCE
Asked by: SUKENDER REDDY GUTHA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO.4230

TO BE ANSWERED ON THE 11 TH  August 2017/ Shravana 20, 1939 (SAKA)

## Consolidation of Banks

## 4230.   SHRI GUTHA SUKENDER REDDY:

Will the Minister of FINANCE be pleased to state:

- (a) whether  the  Syndicate  Bank,  Canara  Bank,  Vijaya  Bank  and  Dena  Bank  have approached to his Ministry making presentations about their merger / consolidation;

- (b) if so, the details thereof;

- (c) whether the Government has asked the NITI Aayog to offer its suggestion on the issue; and

- (d) if so, the details thereof along with the stand of the Government in this regard?

## ANSWER

The Minister of State in the Ministry of Finance (SHRI SANTOSH KUMAR GANGWAR)

(a) to (d): No such proposal has been received.

*******
Lok Sabha Question No. 4229 (UNSTARRED), answered on 2017-08-11
Subject: Funds to DRDO
Ministry: DEFENCE
Asked by: SUNIL KUMAR MONDAL

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEFENCE RESEARCH & DEVELOPMENT ORGANISATION

## LOK  SABHA UNSTARRED QUESTION NO.4229

TO BE ANSWERED ON THE 11 TH  AUGUST, 2017

## FUNDS TO DRDO

4229.  SHRI  SUNIL KUMAR MONDAL:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether the Government is considering to make plan in favour of Defence Research and Development Organisation  (DRDO) to provide more  fund in  the  current  year  as  compared to previous year;
- (b) if so, the details thereof; and
- (c) if not, the reasons therefor?

## A    N    S    W    E    R

MINISTER OF DEFENCE                                                    (SHRI ARUN JAITLEY)

j{kk ea=h

¼Jh v#.k tsVyh½

(a) to (c): Details of funds allocated to the Department of Defence Research & Development during the last three years are given below:-

| Year                       |   Allocation of funds (Rs. in crore) |
|----------------------------|--------------------------------------|
| 2014-15                    |                              13716.1 |
| 2015-16                    |                              13540.1 |
| 2016-17                    |                              13501   |
| 2017-18 (Budget Estimates) |                              14818.7 |

There is shortage of funds only in revenue part, due to which projects and other  ongoing  activities  are  re-prioritized.  Government  is  making  all  possible efforts  to  meet  the  budgetary  requirements  of  DRDO,  within  the  available resource, so that its flagship programmes do not suffer due to lack of funds.

*******
Lok Sabha Question No. 4227 (UNSTARRED), answered on 2017-08-11
Subject: New Legislation to Check Fraud
Ministry: CORPORATE AFFAIRS
Asked by: RADHESHYAM BISWAS

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

LOK SABHA UNSTARRED QUESTION NO. 4227 ANSWERED ON FRIDAY, THE 11th AUGUST, 2017/ SHRAVANA 20, 1939 (SAKA)

## NEW LEGISLATION TO CHECK FRAUD

## QUESTION

4227.  SHRI RADHESHYAM BISWAS:

Will the Minister of CORPORATE AFFAIRS कारपोरेट कार्य मंत्री be pleased to state:

- (a) whether the Government proposes to bring in new legislative measures or to repeal the Companies Act, 1956 by bringing in a new Companies Act;
- (b) if so, the details thereof and the reasons therefor; and
- (c)  the extent to which the replacement of the Companies Act is likely to help in checking frauds committed by the Companies against investors?

## ANSWER

THE MINISTER OF STATE (SHRI ARJUN RAM MEGHWAL) IN THE MINISTRY OF CORPORATE AFFAIRS (श्री अर्जुन राम मेघवाल) कारपोरेट कार्ु मंत्रालर् में राज्र् मंत्री

- (a) to (b):- The Companies Act, 2013 (the Act) was notified on 29 th  August, 2013 and replaces the Companies Act, 1956 to the extent the provisions of the new Act  are  commenced.  All  except  three  sections  of  the  Act,  and  certain  subsections/clauses, have been commenced as on date.
- (c) Companies Act, 2013 has stringent provisions aimed at, inter alia, checking fraud and diversion of funds raised from investors. The term 'Fraud' has been defined and Section 447 of the Companies Act, 2013 provides for punishment for fraud, which is imprisonment of minimum of three years where the fraud in question involves public interest. This is expected to act as a deterrent for fraud  against  investors.    Provisions  are  also  made  for  reporting  of  a  fraud observed during the course of audit by the Statutory Auditor to the Board of Directors in all cases and also to Central Government in specified cases.

*******
Lok Sabha Question No. 4226 (UNSTARRED), answered on 2017-08-11
Subject: Non-Functional ATMs
Ministry: FINANCE
Asked by: R. GOPALAKRISHNAN

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UN-STARRED QUESTION No. 4226

TH TO BE ANSWERED ON 11 AUGUST 2017 (FRIDAYYSHRAVANA 20,1939 (SAKA)

## Non-Functional ATMs

## 4226. SHRI R GOPALAKRISHNAN:

Will the Minister of FINANCE be  pleased to state:

- (a) whether the ATMs of many Public Sector Banks (PSBs) including Private Sector Banks are not functioning properly in the country; and
- (b) if so, the details thereof and the action taken by the banks to sort out these issues and to make their ATMs function properly?

## Answer

## The Minister of State in the Ministry of Finance

## (SHRI SANTOSH KUMAR GANGWAR)

- (a) & (b) Banks have that some ATMs become non-functional from time t0 time due to issue related to hardware, network; power; etc. Banks take corrective measures, in this regard as and when required. apprised
Lok Sabha Question No. 4224 (UNSTARRED), answered on 2017-08-11
Subject: Asset Quality Reivew of PSBs
Ministry: FINANCE
Asked by: ELUMALAI VELLAIGOUNDER

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA

UNSTARRED QUESTION NO: 4224

TO BE ANSWERED ON THE 11th AUGUST , 2017/SHRAVANA 20, 1939 (SAKA)

## QUESTION ASSET QUALITY REVIEW OF PSBs

4224:

SHRI V. ELUMALAI:

Will the Minister of FINANCE be pleased to state:

- a) whether the Reserve Bank of India (RBI) asked Public Sector Banks (PSBs) to recognize some defaulting accounts as Non-Performing Assets (NPAs) and make adequate provision for them and if so, the details thereof;
- c) the further steps taken by the RBI to clean up the balance sheets of PSBs?
- b) whether the RBI has set deadline of March; 2017 to complete the Asset Quality Review and if so, the details thereof;

## ANSWER

## To be answered by

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a) to (c): Reserve Bank of India (RBI) under the Asset Quality Review (AQR), carried out with reference to the position as on March 31 2015 advised banks to recognize impairment and make additional provisions for specific accounts based on extant Income Recognition and Asset Classification (IRAC) Norms:

RBI has informed that as part of AQR, certain accounts were identified, where restructuring was deemed to have failed due to performance issues within the specified periodlnonfulfilment of   restructuring conditions. These accounts will be subject to strict asset classification and provisioning as per IRAC norms:

RBI has   provided tools like Corporate Debt Restructuring,  formation of JLFs, Flexible structuring for long term project loans (5/25 scheme), Strategic Debt Restructuring (SDR) and  Sustainable  Structuring of Stressed Assets (S4A) for   faster resolution of  Stressed Assets

An Ordinance {Banking Regulation (Amendment) Ordinance, 2017} has been promulgated on 4th 2017 authorising RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) May
Lok Sabha Question No. 4222 (UNSTARRED), answered on 2017-08-11
Subject: Ban on Use of Potassium Bromate
Ministry: HEALTH AND FAMILY WELFARE
Asked by: RAJAN BABURAO  VICHARE

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK SABHA UNSTARRED QUEST ION NO. 4222 TO BE ANSWERED ON 11 TH AUGUST, 2017

## BAN ON USE OF POTASS IUM BROMATE

## 4222. SHRI RAJAN VICHARE:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

(a)  whether  the  Government  in  the  wake  of  the  report  released  by  Centre  for  Science Environment (CSE) is planning to ban the use of potassium bromate and potassium iodate -the chemica ls, considered hazardous for public health in all the brands of bread sold in the including Delhi;

(b) if so, the details thereof; and

(c) the action taken by the Government in this regard?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SHRI FAGGAN SINGH KULASTE)

(a) to  (c): The Food Safety  and Standards Authority of India (FSSAI) has already amended th Food Safety and Standards (Food Products Standards and Food Additives) Regulations, 201 inter  alia,    to  remove  'Potassium  Bromate'  from  the  list  of  additives  permitted    un der  the aforesaid  Regulations. Further, the use of potassium iodate in bread, was deliberated upo Scientific Committee under FSSAI, which   opined that iodine deficiency is prevalent in section of Indian population.  Resultantly, there is a mandatory iodisation of salt with iodate.  No decision has so far been taken about banning of potassium iodate in bread.

- .....................
Lok Sabha Question No. 4221 (UNSTARRED), answered on 2017-08-11
Subject: Vacancies in RoC
Ministry: CORPORATE AFFAIRS
Asked by: PR. SENTHILNATHAN

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 4221 ANSWERED ON FRIDAY, THE 11th AUGUST, 2017 [ SHRAVANA 20, 1939(SAKA) ]

## VACANCIES IN RoC

QUESTION

4221.         SHRI PR. SENTHIL NATHAN:

Will the Minister of CORPORATE AFFAIRS

be pleased to state the details of the steps taken by the Government to fill up the existing vacancy positions in the Registrar of Companies (RoC) and the other allied offices of the Ministry of Corporate Affairs?

## ANSWER

THE MINISTER OF STATE                                    (SHRI ARJUN RAM MEGHWAL) IN THE MINISTRY OF CORPORATE AFFAIRS

The  vacant  posts  in  the  Ministry  of  Corporate  Affairs  Headquarters, Regional  Directorates,  Offices  of  Registrar  of  Companies,  Offices  of Official  Liquidators,  Serious  Fraud  Investigation Office,  and  other  allied organisations/institutions   are filled up as per the laid down procedure, as and when vacancies arise.  Apart from efforts to fill up vacant posts as per laid  down  procedure,      the  following  additional  steps  are  taken  by  the Ministry:

- (i) Relaxations  have  been  provided  in  the  Recruitment  Rules, whenever deemed necessary.
- (ii) Appointment of consultants and staff is done on outsourcing basis.
- (iii) Officers are deployed on loan basis to organisations/institutions.

****
Lok Sabha Question No. 4219 (UNSTARRED), answered on 2017-08-11
Subject: Digital Banking
Ministry: FINANCE
Asked by: M. UDHAYAKUMAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UN-STARRED QUESTION No. 4219

TH AUGUST 2017 (FRIDA YYSHRAVANA 20, 1939 (SAKA)

## Digital Banking

## 4219. ADV. M: UDHAYAKUMAR:

Will the Minister of FINANCE be pleased to state:

- whether the Government has asked the banks to promote digital banking in mission mode and if the details thereof; SO,
- whether there are 14 lakh Point of Sale (PoS) machines which are there at retail level and this figure has to be expanded manifold to translate into digital mode and if the details thereof;
- whether the overall aim of the Government is to shrink the physical currency and substitute the shrinked currency by digital mode; and
- if so, the details thereof?

TO BE ANSWERED ON 11

## Answer

## The Minister of State in the Ministry of Finance (SHRI SANTOSH KUMAR GANGWAR)

Budget for financial year 2017-18, Government has assigned digital transactions targets to banks. The number of Point of Sale (PoS) machines, as per Reserve Bank of India data, is 27,76,949,as of June 2017.

The Government has introduced measures aimed at incentivising digital transactions

*****

and disincentivising cash transactions.
Lok Sabha Question No. 4218 (UNSTARRED), answered on 2017-08-11
Subject: Defence Procurement Organisation
Ministry: DEFENCE
Asked by: JAYADEV GALLA

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEPARTMENT OF DEFENCE

## LOK  SABHA

## UNSTARRED QUESTION NO.4218

TO BE ANSWERED ON THE 11 TH  AUGUST, 2017

## DEFENCE PROCUREMENT ORGANISATION

4218.  SHRI  JAYADEV GALLA:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether  the  Government  proposes  to  set  up  a  separate  Defence  procurement organisation  to procure arms acquisitions;
- (b) if so, the details thereof;
- (c) whether above organisation focuses on procurement or defence production in the county; and
- (d) if so, the details thereof?

## A    N    S    W    E    R

MINISTER OF STATE IN THE MINISTRY OF DEFENCE

र  ा रा य मं ी

(DR. SUBHASH BHAMRE)

(डा. सुभाष भामरे)

(a) to (d): The existing defence procurement organisation and procedures have been established with the objective of ensuring that the Armed Forces are  suitably  equipped  to  meet  all  security  challenges.    A  number  of measures have been taken to streamline defence procurement and also to promote indigenisation in the defence sector.  Government shall continue to  take  steps  to  ensure  that  the  defence  procurement  structures  and systems are suitably strengthened to secure national security objectives.

*******
Lok Sabha Question No. 4217 (UNSTARRED), answered on 2017-08-11
Subject: Recapitalisation of Banks
Ministry: FINANCE
Asked by: K. GOPAL, RAM CHARITRA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO.4217

TO BE ANSWERED ON THE 11 TH  August 2017/ Shravana 20, 1939 (SAKA)

## Recapitalisation of Banks

## 4217.   DR. K. GOPAL: SHRI  RAM  CHARITRA  NISHAD:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government proposes to infuse Rs. 70,000 crore in Public Sector Banks (PSBs) over four years and if so, the details thereof;
- (b) whether the Government asked the PSBs to raise a further Rs. 1.1 lakh crore from the markets to  meet their capital requirements in line with global adequacy norms known as Basel-III and if so, the details thereof;
- (c) whether  the  Government  has  released  75  per  cent  of  the  amount  for  infusion  as  capital requirement so far under Indradhanush programme; and
- (d) if so, the details thereof along with the other corrective steps taken by the Government in this regard?

## ANSWER

## The Minister of State in the Ministry of Finance (SHRI SANTOSH KUMAR GANGWAR)

- (a)  to  (d):    Under  the  Indradhanush  Plan,  the  Government  of  India  proposed  to  make  available Rs.70,000 crores out of budgetary allocations for four years as per the figures given below:-

| (i)   | Financial Year 2015 -16   | Rs. 25,000 crore   |
|-------|---------------------------|--------------------|
| (ii)  | Financial Year 2016-17    | Rs. 25,000 crore   |
| (iii) | Financial Year 2017-18    | Rs. 10,000 crore   |
| (iv)  | Financial Year 2018-19    | Rs. 10,000 crore   |
|       | Total                     | Rs. 70,000 crore   |

The Government infused a sum of Rs. 25000 crore in 19 PSBs during financial year 2015-16 and Rs. 24997.182 crore into 16 PSBs during the FY 2016-17.The capital is  calculated / provided keeping in  view  overall  macroeconomic scenario, credit estimation, Basel requirement and Reserve Bank of India recommendations, if any.

Government has also allowed all PSBs to raise capital from Public markets through Follow-on Public  Offer  (FPO)  or  Qualified  Institutional  Placement  (QIP)  by  diluting  Government  of  India holding  upto  52%  in  phased  manner  based  on  their  capital  requirement,  their  stock  performance, liquidity, market conditions etc. The Government has given permission to 13 PSBs (Allahabad Bank, Andhra Bank, Bank of India, Central Bank of India, Dena Bank, IDBI Bank, Indian Bank, Punjab National Bank, State Bank of India, Syndicate  Bank, UCO Bank, United Bank of India and Vijaya Bank) to raise capital from the market through QIP / FPO / Preferential Allotment since April, 2016.

*******