The Damodar Valley Corporation (amendment) bill

Hello sir I would like to know about the amendment 2011 bill of Damodar Valley Corporation so please provide me suitable information about the same.

[Shaleen]

The Damodar Valley Corporation (Amendment) Bill, 2011 was introduced in the Lok Sabha on August 8, 2011 by the Ministry of Power.

About the Damodar Valley Corporation (Amendment) Bill

The Principal Act provides for the establishment and regulation of a corporation for development of the Damodar Valley in the states of Jharkhand and West Bengal.

It states that the Damodar Valley Corporation shall consist of a Chairman and two other members appointed by the central government after consultation with the concerned state governments.

The Bill proposes that the Corporation should consist of

(a) A whole-time Chairman;

(b) A whole-time member (Technical);

(c) A whole time member (Finance);

(d) One representative from the central government, as part-time member;

(e) Two representatives - one each from the state governments of Jharkhand and West Bengal, as part-time members;

(f) Three independent experts - one each from the field of irrigation, water supply and generation or transmission of electricity as part-time members and

(g) A whole time Member Secretary

The Principal Act states that the Secretary shall be the Chief Executive Officer.

The Bill proposes that the Chairman shall be a Chief Executive Officer of the Corporation.

The Member-Secretary shall be in-charge of the general administration and business development of the Corporation.

The Act states that the secretary and the financial adviser of the Corporation shall be appointed by the central government.

The Bill proposes to abolish the posts of secretary and financial advisor.

The Act states that the budget shall be prescribed by the Corporation in consultation with the financial advisor.

The Bill proposes that the budget consultations shall be held with the Member (Finance).