2nd Progress Report as on February 27, 2006

point INTRODUCTION

point MANAGEMENT
point RESOURCES AND INFRASTRUCTURE

point INTELLECTUAL RESOURCE MOBILISATION

point OUTREACH
point ACTION PLAN

point FINANCIAL RESOURCE REQUIREMENTS

 ANNEXURE 1

 


1. INTRODUCTION

CUTS Institute for Regulation and Competition was launched formally on 9th September 2005, when the first meeting of the Governing Council was held at New Delhi.

Supporting the motto of ‘Enhancing Knowledge, Strengthening Capacity’; an Academic Lecture series was also organised. As a sequel, CIRC plans to organise a series of such lectures round the year.

The official website www.circ.in was also launched on 18th January 2006 at the 1st Academic Lecture by Prof Eleanor Fox.

A Training Seminar on Competition Policy is scheduled in the month of March 2006 at New Delhi. It will be a five-day programme from 20-24 March 2006.This will be the first of its kind.

These and many such programmes have been planned for the near future, which will be organised pan India and gradually expand its horizons beyond the domestic boundary.

A project summary on the inception and growth of CIRC is attached vide ANNEXURE 1. For further details log on to http://www.circ.in/about.htm .

2. MANAGEMENT

2.1 Governing Council

1.1.1 CIRC is being guided by an 18-member Governing Council comprising experts from various parts of the world. Dr. C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister of India, heads the Governing Council. For further details please log on to http://www.circ.in/govrn_council.htm

1.1.2 A Governing Council meeting was held on 9 September 2005 in which important issues were discussed and certain decisions taken such as:

  • Finalisation and adoption of the name ‘CUTS Institute for Regulation and Competition’ (CIRC)

  • Concept and the Mission of CIRC.

  • The Governance Structure and its role were analysed

  • Support received from the Government of Rajasthan and the Government of India

  • Intellectual Resource Mobilisation and significance of a tie up with reputed institutes world over

  • Strategies to mobilise financial resources to set up CIRC

  • The products to be offered

  • Activity schedule for the coming year (tentative)

  • Appointment of Pradeep S Mehta as the founder Director General of CIRC, vested with the responsibility to ensure timely execution of the action-plan.

2.2 Managing Committee

2.2.1 A Managing Committee has been constituted under the chairmanship of Dr Vijay Vyas, which is a sub-set of the Governing Council. The Managing Committee oversees the operations more closely. For further details please log on to http://www.circ.in/manag_comt.htm 

2.2.2 The first meeting of the Managing Committee was held on 28 December 2005 in Jaipur. Besides apprising the Members on the progress, the following matters were discussed and decided upon:

  • Scope and expectations to the Visiting Faculty members were defined i.e. Courses on Offer, Certification of Courses

  • Prioritisation of Course delivery and Planning of the virtual courses

  • It was decided that CIRC should focus on executing Seminars and workshops for the first year and then gradually move on to offering online courses and diplomas on certified courses

  • Fee & Honorarium to be offered to Visiting Faculty members

  • Interaction with the Government of Rajasthan to get land allocation on a concessional rate

  • Financial resource mobilisation and status of negotiations with the World Bank via Government of India. The World Bank will only support the ‘software’ part of the project but not the ‘hardware’ i.e. bricks and mortar.

  • Further, the Members were appraised on progress on getting the one time Additional Central Assistance from the Planning Commission of India. (This may be made available only next year i.e. 2006-07 since this year’s budget allocations are exhausted.)

  • Other funding agencies and the possibilities of approaching them were also evaluated.

2.3 Academic Council
An Academic Council has also been constituted which is the apex body to decide on matters related to academics. The Academic Council is authorised to take decisions on matters such as affiliation/collaboration with other Institutions; offer expert views on course introduction and development, this is done through exchange of e-mails. A list comprising names of members of the Academic Council is enclosed. For further details please log on to
http://www.circ.in/acad_council.htm

3. RESOURCES AND INFRASTRUCTURE

3.1 Financial Resources

3.1.1 Demonstrating its resolve to facilitate emergence of Rajasthan as a knowledge-hub, the Government of Rajasthan has been very kind and supportive to set up the CIRC. On a request made by CUTS, the Chief Minister of Rajasthan had written a letter to the Union Finance Minister to assist in setting up the CIRC and help in getting grants from multilateral agencies.

3.1.2 Accordingly, directions were issued from the Union Finance Minister to the Department of Economic Affairs (DEA) to function as the nodal agency to put CUTS in touch with relevant funding agencies.

3.1.3 The DEA, so far, has approached couple of agencies for the stated purpose. These included ADB, UNDP and World Bank. While ADB and UNDP have regretted due to their priorities in India, the World Bank has expressed interest. Thus, a formal request from the DEA has gone to the World Bank to assist CUTS in setting up the CIRC. Subsequently a presentation was made by CUTS representatives before the related officials in the Bank. The negotiations with the World Bank now have reached a fairly advanced stage and the Bank officials have in principle expressed their willingness to provide financial assistance. Anup Wadhawan has been deputed by the World Bank as the Task Manager to work with CUTS on this matter. Salman Zaheer who is a senior Bank staff, overseeing the Bank’s Infrastructure work in the region, will help him.

3.1.4 Furthermore, the Finance Secretary, Government of India has written to the Chief Secretary of Rajasthan on 21 October 2005 suggesting to approach the Planning Commission to seek one time Additional Central Assistance (ACA) for the purpose of setting up CIRC.

3.1.5. As against our earlier request for Rs. 4 crore, in the letter, we suggested an amount of Rs. 6 crore, under the ACA Scheme because often demands are considered at reduced amounts. Secondly, if the Government of Rajasthan decides to sanction the cost of land at a reduced level rather than our request for a nominal amount then we will need to generate additional resources.

3.2 Land

The Jaipur Development Authority (JDA) has allotted 5,000 sq meters of land in Jagatpura Institutional Area, Jaipur. A request has been made to allot the same at a concessional price, which is under consideration of the Government of Rajasthan.

4. INTELLECTUAL RESOURCE MOBILISATION

4.1 Visiting Faculty

A rich tapestry of resources has affiliated with CIRC as the Visiting Faculty and more are being approached. To mention a few, Raymond Saner, Director, CSEND (Centre for Socio-Eco-Nomic Development), Geneva; Albert Foer, President, The American Antitrust Institute; Prof. Allan Fels, Dean, Australia & New Zealand School of Government; Australia, Rajat Kathuria, Professor of Economics, Indian Management Institute and Phillip Marsden, Director, Competition Law Forum, The British Institute of International and Comparative Law, United Kingdom.

For further details please log on to http://www.circ.in/visit-fac.htm

4.2 Course Development

There are three exclusive subject/streams on offer. These are Competition Policy and Law, Economic Regulation and Commercial Diplomacy. For further details please log on to

These and their subtitles will be dealt with and capacity building will be offered in the form of seminars, workshops, lectures, virtual courses and certified diploma/degree courses.

A step-by-step process will be followed wherein the first year will be dedicated to organising short courses and seminars which are interactive in nature. After having gathered expertise in the same CIRC will move to offering short online courses (virtual courses).

With the passage of time CIRC, will also offer certified Diplomas and Degree courses. In doing so the attempt will be to attain the status of a “Deemed University”.

4.3 Tie Ups and Affiliations

With a view to gain international branding and status, CIRC is also affiliating with relevant Institutions/Universities. The affiliations will be based on mutual understanding where the contributions will be based on respective strengths.

The co-operation will be formed on the understanding that each will assist in organising workshops, visits, internships and training; providing faculty and research support; developing and executing syllabi and study material.

Following are the names of a few such Institutes/organisations with whom negotiations are on:

  • British Institute of International & Comparative Law

  • The Institute for Trade and Commercial Diplomacy

  • The Energy & Resource Institute

  • Centre for Socio-Economic Development

  • Centre for Development of Economics, Delhi School of Economics

5. OUTREACH

5.1 Website

Dr. C. Rangarajan formally launched the CIRC website on 18 January 2006: www.circ.in The website is being built and developed on a daily basis as activities at CIRC are expanding at a very fast pace. CIRC also aims to engage a full time web developer to maintain the web site.

5.2 Newsletter

A four page Newsletter on CIRC and its activities is being designed. It will be distributed on a quarterly basis. The first issue is targeted towards mid March 2006 and will offer information about CIRC, the parent body, activities, articles and calendar of events.

5.3 Marketing

Various options on marketing have emerged as a part of the research done.

5.3.1.Tie up with Institutes: This activity is underway

5.3.2. Internet Advertising: Online advertising is the latest tool of marketing as it is economically affordable, is accredited and helps accelerate the promotion process. This can also be done through e-mails

5.3.3. Web Bulletin Board: This will be constructed as a part of the Home page and will offer news, views and an update on the activities and achievements of CIRC

5.3.4. Classified Ads: Banners and ads can be placed free of cost or as a barter deal with related websites and even leading Brands

5.3.5.Collaterals: Brochures, Fliers, Inserts, Posters, pamphlets/take aways are being designed

5.3.6.Press/News Release: Press conferences, events and releases will be organised from time to time announcing developments

5.4 CIRC in Media

5.4.1. The media in the form of press releases and events has covered CIRC.

5.4.2. CIRC has also started advertising in leading newspapers such as the Economic Times for marketing upcoming events such as the Training seminar on Competition Policy and Law.

5.4.3. Electronic Media: attempts are being made to get minute flashes

5. 5 Major Activities held/planned

5.5.1 Academic Lecture Series:  CIRC also organised the first of its kind Academic Lecture Series entitled Capacity Building for The Indian Competition Regime with focus on Abuse of Dominance which was addressed by Eleanor Fox, Walter J. Derenberg Professor, New York University School of Law.

Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister of India and also the Chairman of our Governing Council chaired the programme. For further details please log on to http://www.circ.in/eventsjan06.htm

As a sequel to the Academic Lecture Series we plan to organise a series of lectures on Economic Regulation, Competition Policy and Commercial Diplomacy and related issues round the year, pan India.

5.5.2 Training Seminar on Competition Policy and Law: CIRC is also organising its first Training Seminar on Competition Policy in the month of March 2006 at New Delhi. It will be a five-day programme from 20-24 March 2006; it will offer a basic course on the subject. We have a combination of Indian and international resource persons contributing to the seminar. Please find details attached. Furthermore, the programme has attracted international participation from countries such as Vietnam, Russia, China, Cambodia, Kenya, Singapore. For further details log on http://www.circ.in/eventsmar06.htm

5.5.3 Tentative Calendar of Events: A proposed Calendar has been drafted on the basis of which, the programme for the year will be implemented. To begin with these will be done within India and with time will be executed both in developed and developing countries. For further details please log on to http://www.circ.in/event-calendar.htm

6. ACTION PLAN

A detailed tentative action-plan for the next five years is given in next three pages.

CIRC- Action Plan (Tentative) 

Note: 1. ER- Economic Regulation, CP- Competition Policy, CD- Commercial Diplomacy.

          2. Yes- Indicates initiation of the activity

A. Revenue Generating
Activities

Year

05-06

  Year

   06-07

 

 Year

   07-08

 

 Year

   08-09

 

Year

09-10

 

 
 

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1 to Q4  

A1- Weeklong Training programme on CP (Off-Campus)

Yes                            

 

A2- Weeklong Training programme on ER (Off-Campus)

    Yes                        

 

A3- Weeklong Training programme on CD (Off-Campus)

      Yes                      

 

A4- Certificate in ER, CP, and CD (Online, Distance Learning)

        Yes                    

 

A5- Diploma in ER, CP, and CD (Online, Distance Learning)

          Yes                  

 

A6- Training workshops on Regulatory Compliance, Impact Assessment (Off-Campus)

        Yes                    

 

A7- Certificate in ER, CP, and CD (In- Campus)

                  Yes          

 

A8- Diploma in ER, CP, and CD

(In Campus)

                          Yes  
 

A9- Masters in ER, CP, and CD(In Campus)


 

                          Yes
A10- Consultancy for regulators/ business                           Yes
A11- PhD. In ER, CP, and WTO regulations                            

 

B. Non-Revenue Activities Year

05-06

 

  Year

   06-07

 

 Year

   07-08

 

 Year

   08-09

 

Year

09-10

 

 

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1 to Q4

B1- Set up the Governing Council and Academic Council

Yes                          

 

B2- Launch web-site

Yes                          

 

B3- Develop Infrastructure

      Yes                   Yes

 

B4- Marketing campaign for the product range at offer

  Yes                        

 

B5- E-newsletter

    Yes                      

 

B6- Affiliation and collaboration with renowned institutions

Yes                          

 

B7- Maintain database of stakeholders, target clients, resource persons etc

Yes                          

 

B8- Research on developing countries’ scenario

      Yes                    

 

B9- Conference to reach out to the target audience world wide

      Yes                    

 

B10  Research Journal

                        Yes  

 

B11- Internships

                    Yes      

7. FINANCIAL RESOURCE REQUIREMENTS (SUBJECT TO REVISION)

7.1 An estimate on the resources required to set up, launch, and run the Institute has been worked out and presented herewith. Following is a summary of the budget projections and requirements for next five years, which is subject to revision.

(In INR)

Year wise Allocation

 

Particulars

Total Cost (INR)

Year 05-06

 (Q 4)

Year 06-07

Year 07-08

Year 08-09

Year 09-10

1

CAPITAL COST

73,500,000

   Nil

43,300,000

15,700,000

 2,250,000

12,250,000

a

Estimated Revenue Expenditure

133,260,000

1,000,000#

27,380,000

30,570,000

41,580,000

32,730,000

b

Projected Revenue Receipts

78,255,000

Nil

3,900,000

12,580,000

27,460,000

34,315,000

2

REVENUE DEFICIT (a-b)

(56,590,000)

(1,000,000)

(23, 480,000)

(17,990,000)

(14,120,000)

+ Cash flow

 

PROJECT COST
[1 + 2]

130,090,000

1,000,000

66,780,000

33,690, 000

16,370,000

12,250,000

# The estimated cost likely to incur in year 2005 (Quarter 4) is pertaining to travel, networking, launch of website, and organising the Board Meeting. Please refer to the activity chart for more details.