Centre issues Model Rules to States to aid Ease of Doing Business in Agroforestry (See 'Corp Brief') We have to make cycling trend in this modern generation: Mandaviya (See 'Corp Brief') Sonowal hails Brahma Kumaris for 50 years of spiritual service and human upliftment (See 'Corp Brief') CEA organises All-India Electrical Safety awareness programme (See 'Corp Brief') Arbitration & Conciliation Act - Commercial Court not justified in refusing to release 25% of arbitral award to petitioner-company solely due to its change of name: HC (See 'Legal Desk') SEBI - Delay in filing appeal not condonable where facts reflect that appellant was clearly aware of proceedings commenced by SEBI but did not prosecute appeal: SAT (See 'Legal Desk') India sends 1st consignment of rose-scented Litchi from Pathankot to Qatar (See 'Corp Brief') Govt approves ESI Amnesty Scheme - 2025 to reduce litigation (See 'Corp Brief') Sonowal inaugurates India's First Maritime NBFC - Sagarmala Finance Corporation Limited (See 'Corp Brief') NeGD launches 'AI in Governance' Training Program for Govt Officials at IIT Delhi (See 'Corp Brief') ECI starts proceedings to delist 345 RUPPs to begin with (See 'Corp Brief') Negotiable Instruments Act - as is trite law, a legal notice must be read as a whole & isolated errors such as typographical mistakes should not invalidate the entire notice: HC (See 'Legal Desk') Mega Infra Projects in Jharkhand, Sikkim, Assam & Arunachal Pradesh reviewed (See 'Corp Brief') President of India to preside over 'MSME Day' (See 'Corp Brief') NMDC invites applications for fully sponsored Education Programs for Tribal Youth (See 'Corp Brief') PMLA - Attachment of property does not effect or transfer title, unless property is confiscated and it can be when accused is convicted: SAFEMA (See 'Legal Desk') Workshop with FinTech Companies on expanding FASTag ecosystem (See 'Corp Brief') Bid submission timeline extended for SECI's Green Ammonia tender (See 'Corp Brief') Axiom-4 Marks Realisation of Vikram Sarabhai's dream: MoS (See 'Corp Brief') IBC - Dues of State is entitled to be treated as secured creditor u/s 53 of IBC: NCLAT (See 'Legal Desk') ECI to begin Special Intensive Revision of Electoral Rolls in Bihar (See 'Corp Brief') MoS calls for closer collaboration among IITs, IIMs, AIIMS, IIMC & CSIR (See 'Corp Brief') 7th Helicopter & Small Aircraft Summit held in Pune (See 'Corp Brief') CCI approves acquisition of shares in Aakash Educational by Manipal Health Systems (See 'Corp Brief') IPR - Merely adding mandarin character can't add any distinctiveness for being granted registration, and that too qua pharmaceutical product, if said character can't be deciphered by general public: HC (See 'Legal Desk') CCI approves acquisition in Manappuram Finance & Manappuram Asset Finance by Bain Capital (See 'Corp Brief') CCI okays acquisition of equity of Haldiram Snacks by Alpha Wave Ventures (See 'Corp Brief') Amended BharatNet Program operationalises in Gujarat (See 'Corp Brief') PMLA - Enforcement Directorate must pass orders under of retention under section 20(1) and 21(1) of the PMLA in respect of seized property and seized records: SAFEMA (See 'Legal Desk') Sonowal calls for Sports Resurgence in Assam (See 'Corp Brief') Vanijya Bhawan is symbol of Good Governance, Excellence: Goyal (See 'Corp Brief') SARFAESI - equitable considerations cannot override statutory auction process; writ jurisdiction under Article 226 cannot be invoked to compel bank to accept One Time Settlement or interfere with SARFAESI proceedings already adjudicated under statutory forum: HC (See 'Legal Desk') Hindustan Copper welcomes Chile's CODELCO Team to India (See 'Corp Brief') IICA inks MoU with National Academy of Defence Production (See 'Corp Brief') Competition Act - mere dissatisfaction with service conditions or operational practices did not warrant intervention, more so where any prima facie case under Section 3 or 4 of the Act are not made out: CCI (See 'Legal Desk') Chouhan reviews ICAR-Central Institute of Agricultural Engineering in Bhopal (See 'Corp Brief') DG RPF calls for synergised action by RPF-GRP across States to Safeguard Railway Pax (See 'Corp Brief') Trade Marks - Where an application for registration of Trade Mark is filed on proposed to be used basis, the mark can still acquire distinctiveness before registration; refusal of registration based on lack of distinctiveness unjustified, more so where similar marks were registered by same authority: HC (See 'Legal Desk') PM leads nationwide celebrations of 11th International Day of Yoga (See 'Corp Brief') PMLA - Once property is already auctioned by bank under SARFAESI, legal implications of sale depended on whether sale certificate had been issued: SAFEMA (See 'Legal Desk') NCLAT is not a mere rubber stamp for CoC decisions (See CORP EINSICHT)

Cabinet approves continuation of O-SMART at cost of Rs 2177 Cr

Published: Nov 24, 2021

By TIOLCorplaws News Service

NEW DELHI, NOV 24, 2021: THE Cabinet Committee on Economic Affairs today gave its approval for continuation of the umbrella scheme "Ocean Services, Modelling, Application, Resources and Technology (O-SMART)" of Ministry of Earth Sciences, for implementation during the period from 2021-26 at an overall cost of Rs. 2177 crore.

The scheme encompasses seven sub-schemes namely Ocean Technology, Ocean Modelling and Advisory Services (OMAS), Ocean Observation Network (OON), Ocean Non-Living Resources, Marine Living Resources and Ecology (MLRE), Coastal Research and Operation and Maintenance of Research Vessels. These sub-schemes are being implemented by autonomous/attached institutes of the Ministry, viz. National Institute of Ocean Technology (NIOT), Chennai; Indian National Center for Ocean Information Services (INCOIS), Hyderabad; National Centre for Polar and Ocean Research (NCPOR), Goa, Center for Marine Living Resources and Ecology (CMLRE), Kochi; and National Centre for Coastal Research (NCCR), Chennai as well as involving other national institutes. A fleet of oceanographic and coastal research vessels of the Ministry provide required research support for scheme.

The research and technology development pertaining to oceans in India was initiated by Department of Ocean Development (DoD), which was set up in 1981 which later merged to Ministry of Earth Sciences (MoES) and continuing since then. MoES has achieved significant position in the Oceanographic research through technology developments, forecast services, field installations, explorations, survey, technology demonstrations towards national benefits. The O-SMART scheme encompassing oceanographic research activities is being implemented with the objectives for providing forecast and services based on the continuous observation of our oceans, development of technologies and exploratory surveys for sustainable harnessing of our oceanic resources (both living and non-living) and promotion of front-ranking research in ocean sciences.

Several major milestones have been achieved through the activities of the scheme, the most significant is India's recognition as Pioneer Investor with International Seabed Authority (ISA) for conducting extensive research on deep sea mining of Poly Metallic Nodules (PMN) and hydrothermal sulphides in the allotted area of the India Ocean. The technology development for desalination using low temperature thermal desalination installation of such facility in Lakshadweep islands is also a significant achievement. Moreover, India's ocean related activities are now extended from the Arctic to Antarctic region covering large ocean space which have been monitored by through in-situ and satellite-based observation. India has taken leadership role in implementing Indian Ocean component of Global Ocean Observing System in Intergovernmental.

Oceanographic Commission through wide range of observations networks including both moored and drifters' types have been deployed and maintained in the Indian Ocean. These observation network yields ocean forecast services for potential fishing ground and natural costal hazards warning for storm surge associated with cyclone and Tsunami to stake holders at nations levels as well as neighbouring countries. A state-of-the-art early warning system for oceanic disasters viz. tsunami, storm surges, has been established at INCOIS, Hyderabad to provide services for India and countries of the Indian Ocean, which have been recognized by UNESCO. Extensive survey along the Indian exclusive economic zone (EEZ) and continental shelf of India are conducted for national benefits towards identifying ocean resources, Ocean related advisory services, navigation, etc. Assessment of living resources in the EEZ and deep ocean of India including mapping of the living resources has been undertaken for marine ecosystem with goal for Conservation and protection of Marine Biodiversity. The Ministry has been also monitoring the health of coastal waters of India including shoreline changes and marine ecosystems.

OSMART being a multidisciplinary continuing scheme, the ongoing extensive research and technology development activities would augment capacity building of the nation in the oceanographic field at the international level. The present decade has been declared as the Decade of Ocean Science for Sustainable Development by the United Nations (UN) and continuation of the scheme would strengthen our stand in the global oceanographic research and technology development. This continuation of the scheme would contribute significantly towards national policy on blue economy for effective and efficient use of the vast ocean resources in a Sustainable way. Efforts towards achieving United Nations sustainable Development Goal-14 to conserve and sustainably use the oceans, seas and marine resources are being covered through the coastal research and marine biodiversity activities. Significant contribution to the national GDP is being made and to be continued through the ocean advisory services and technologies developed benefiting communities and several sectors working in the marine environment, particularly in the coastal states of India.

In the next five years (2021-26) this scheme would provide further comprehensive coverage through strengthening the ongoing activities towards delivering cutting edge technology applicable for marine domain, forecast and warning services to various coastal stake holders, understanding biodiversity towards conservation strategy for marine living organisms and understanding coastal processes.

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