Friday, November 24, 2017

30.76 Lakh Houses Sanctioned So Far Under PMAY (U) 

30.76 Lakh Houses Sanctioned So Far Under PMAY (U)
15.65 Lakh Houses at Various Stages of Construction
4.13   Lakh Houses Constructed Since Mission Launch
Hardeep Singh Puri Inaugurates National Workshop on Accelerating Implementation of Urban Missions

Shri Hardeep Singh Puri, Minister of State(I/C) Ministry of Housing and Urban Affairs has informed that since launch of the Pradhan Mantri Awas Yojana (PMAY) (U) on 25th June 2015, the Government has sanctioned a total of 30.76 lakhs houses across all verticals. Currently, 15.65 lakh houses have been grounded and are at various stages of construction and about 4.13 lakh houses have been constructed since the launch of the mission. Inaugurating the National workshop on Accelerating Implementation of Urban Missions: PMAY(Urban) and Swachh Bharat mission(Urban) here today, the Minister stated that the Urban India is undergoing a transition in terms of physical forms, demographic profile and socio-economic diversity. The important role of cities in national economic process and their global linkages demand more attention for their development, than being hitherto given. Cities are expected to perform efficiently in keeping with emerging demands for employment, commerce, trade, industry and other services.  The Housing sector is the engine of economic growth that enables and feeds into the aforementioned. It is a vital sector of the economy creating jobs and generating taxes and wages that positively influence the quality of life. The government has embarked on an ambitious plan to empower Indian citizens by 2022 that marks the 75 years of independent India, he added. Sh Durga Shankar Mishra, Secretary (HUA) and officials from several states and industry associations are attending the conference.

Addressing the day long workshop, the Minister observed that the local demand for housing is pegged at around 12 million and informed that the government has endeavored a number of measures like infrastructure status to affordable housing, direct tax benefits under Section 80-IBA of the Income Tax Act, relaxation in FDI and ECB proposals, reduction in holding period for long-term capital gain benefits and standardized usage of carpet area definition. Emphasis on reforms like stamp duty exemption and single window clearance, have been actively pursued by the Ministry.

Highlighting the progress made under PMAY (U), the Minister informed that it has made noteworthy progress over the past missions.   A closer analysis of the PMAY (U) verticals will reflect that most of the projects under the BLC and AHP verticals of the Mission have shown considerable progress. “Today’s seminar is very focused.  We have all gathered to deliberate on the bottlenecks and roadblocks that impend the progress of States/UTs with respect to the implementation of the In-situ Slum Rehabilitation (ISSR) and Affordable Housing in Partnership (AHP) verticals. The ISSR vertical has had a few challenges in its implementation due to land related issues, financing models, selection of private developer, beneficiary participation and policy concerns of the States/UTs.  It is pivotal for the States/UTs to adopt a slum free approach and comprehensively develop their cities with focus on slum redevelopment taking complete advantage of the ISSR vertical” he added.  Sh Puri called on the states to ensure better outreach for Credit-linked Subsidy Scheme (CLSS) and focus on convergence between the banking institutions, private sector and beneficiaries. While the AHP vertical has shown considerable progress, to further promote the AHP vertical issues such as financing models, encumbrance free land, private sector participation etc. need more focus to cater to the housing demand emerging from the EWS segment with no land ownership.

The Beneficiary-led Construction (BLC) vertical has witnessed wider implementation. The States/UTs have actively pursued this vertical which caters to individual households having own land and policy enablement has ensured to protect the interest of those households with no own land through the AHP and CLSS components.  It is crucial that we as stakeholders introspect collectively, and emerge with a robust implementation strategy to fast track achievement especially with respect to ISSR, AHP and CLSS verticals.

Dwelling on the Initiatives taken in the direction of addressing the housing demand, the Minister informed that in order to create an enabled environment this Ministry has recently launched the 8 PPP models for affordable housing along with the housing technology challenge to bring in the state of art innovations into the housing sector. The Public Private Partnership Models for Affordable Housing has been initiated in order to address some of the identified challenges and give fillip to the Mission’s objectives. It is envisaged that a sizeable and sustainable response through strategic PPP models will allow a self-propelled market to address the challenge of land availability and its high cost. The private sector participation will also enhance access to financing and capital markets, as well as reduce costs through gains in construction, operations and time-bound delivery of houses.

The Minister urged the States and UTs to actively participate, contribute and present an action-oriented approach particularly for the progress of ISSR and AHP.   The private sector, the State Government and Parastatal bodies should join hands to fast track the Mission’s objective by coming forward to invest their resources and energy in public housing.

Celebrating the launch of The Last Battle of Saraighat

Penguin India has a event .
Celebrating the launch of The Last Battle of Saraighat
Celebrating the launch of The Last Battle of Saraighat
Fri Nov 24 2017 at 05:00 pm
Nehru Memorial Museum & Library, New Delhi, India
The book by Rajat Sethi and Shubhrastha will be launched in the august presence of Krishna Gopal, Ram Madhav, N.Biren Singh, Pema Khandu, and Himanta Biswa Sarma, followed by a panel discussion moderated by Shekhar Gupta.
Please join us for high tea at 5 pm.

Session on “India- Korea Relations in a Changing Global Environment”

Session on
“India- Korea Relations in a Changing Global Environment”

EVENT DETAILS

DATE Friday, December 1, 2017TIME 4:30 PM  – 6:00 PM (Registration: 04:00 PM )LOCATION Dome, Vivanta by Taj – Ambassador, Sujan Singh Park, Subramaniam Bharti Marg, New Delhi   SPEAKERS Dr AHN Choong YongChair, Korea Commission of Corporate Partnership; Co-Chair, India – Korea Strategic Dialogue  Mr Gaddam Dharmendra, Joint Secretary, Policy, Planning and Research, Ministry of External Affairs, Government of India  Mr Naushad Forbes, Co – Chairman, Forbes Marshall,  C0-Chair,  India – Korea Strategic Dialogue  Dr JUNG Ku-Hyun, President, The Seoul Forum for International Affairs (SFIA); Professor Emeritus, Yonsei University  Mr B J PandaMember of Parliament, Lok SabhaCHAIR Mr Tarun DasFounding Trustee, Ananta Aspen Centre &  Former Chief Mentor, Confederation of Indian Industry

ABOUT THE EVENT India – Republic of Korea (RoK) relations are driven by a significant convergence of interests, mutual goodwill and high level exchanges. They have made great progress in recent years and have become truly multidimensional. The motivation for a close relationship between the two countries has been reinforced in modern times by political and economic imperatives. India and the Republic of Korea have renovated their relations and signed agreements in areas ranging from trade and investment to culture, counter-terrorism and civil nuclear energy.

India and South Korea share close trade and investment relations. Keeping the global environment in mind, there is a need for the two to add a strategic dimension and to move the economic relations to the next level.  It is also essential to examine and explore issues on India – Korea bilateral security, maritime, and diplomatic relations, energy collaboration and bilateral cultural and educational ties. It is important that India and Korea keep nurturing these relations especially in the changing global scenario where there is a sense of growing protectionism and geopolitical uncertainty in the world. The public forum will focus on these and various other aspects about the future of India- Korea ties in a changing global environment. 
Please respond by clicking one of the buttons below

YesNo  SPEAKERS AHN Choong YongDr AHN Choong YongChair, Korea Commission of Corporate Partnership; Co-Chair, India – Korea Strategic Dialogue
Dr. Ahn is currently Chairman, Korea Commission for Corporate Partnership (KCCP) and responsible for inducing voluntary collaborations between Korea’s big businesses and SMEs, and also Chairman of the Board, Korea Electric Power Corporation. Before taking his current post, he served as Foreign Investment Ombudsman (2006-2014) who is the troubleshooter responsible for resolving grievances raised by foreign investors at the Korea Trade and Investment Promotion Agency in Korea. He is former Chairman of the Presidential Regulatory Reform Committee (2010-2012). He holds also Distinguished Professorship at Graduate School of International Studies, Chung-Ang University.While on sabbatical from Chung-Ang University, he also served several posts such as the President of the Korea Institute for International Economic Policy (2002-2005); Chair of the APEC Economic Committee; Chair of Board, Choheung Bank; consultant to the World Bank; UNIDO Chief Technical Advisor to the Economic Planning Unit of Malaysia to design Malaysia’s industrial master plan; and served as President of several academic societies in Korea including the Korea International Economics Association, Korean Association of Trade and Industry Studies, and the Korea Econometric Society.
Dr. Ahn’s honors include the Economist of the Year Award from the Maeil Business Daily Newspaper in Korea, the Okita Policy Research Award by the National Institute for Research Advancement in Japan for his publication on “Modern East Asian Economy,” and Free Economy Publication Award by the Federation of Korean Industries. Since receiving his Ph.D. from Ohio State University, Dr. Ahn has published many articles in international journals including Review of Economics and Statistics, European Economic Review, Japanese Economic Review, Journal of Asian Economics and Monograph papers in North-Holland, Cambridge University Press, Springer and Edward Elgar, etc.  Gaddam Dharmendra
Mr Gaddam Dharmendra, Joint Secretary, (Policy, Planning and Research), Ministry of External Affairs, Government of India
Mr. Gaddam Dharmendra joined the Indian Foreign Service in 1990. From 1992 to 1997, he served as Second Secretary in Indian Missions in Tehran and Dushanbe and from 2000 – 2007 he served in the Embassy of India, Washington DC and the High Commission of India, Dhaka.  During 2007-2010, Mr. Gaddam headed the Disarmament & International Security Affairs Division in the Ministry of External Affairs, New Delhi. From September 2010 to October 2013, Mr. Gaddam was the Consul General of India to Hong Kong SAR and Macau SAR. He, thereafter, served as India’s High Commissioner to Zambia till June, 2017. Beginning July, 2017, Mr. Gaddam has taken over as Joint Secretary (Policy Planning and Research) in the Ministry of External Affairs, South Block, New Delhi.  Naushad
Mr Naushad Forbes, Co – Chairman, Forbes Marshall,  C0-Chair,  India – Korea Strategic Dialogue
Dr. Naushad Forbes is the Co – Chairman of Forbes Marshall, India’s leading Steam Engineering and Control Instrumentation firm. He chairs the Steam Engineering Companies within the group. Forbes Marshall’s deep process knowledge helps their customers save energy, improve product quality, increase process efficiency, and run a clean and safe factory.  Market leadership in India and, increasingly, internationally comes from highly trained people and the depth of their knowledge.  A close connect with customers enables the design of products that address customer needs around the world.The products are made in a facility that is world-class in scale, aesthetics and work environment. Forbes Marshall has consistently ranked amongst India’s Great Places to Work. Naushad was an occasional Lecturer and Consulting Professor at Stanford University from 1987 to 2004 where he developed courses on Technology in Newly Industrializing Countries. He received his Bachelors, Masters and PhD Degrees from Stanford University. Naushad is on the Board of several educational institutions and public companies. He is the Chairman of Centre for Technology, Innovation and Economic Research in Pune. Naushad has long been an active member of CII and has at various times chaired the National Committees on Higher Education, Innovation, Technology and International Business. He was President of CII for 2016 – 17.  JUNG Ku-Hyun,Dr JUNG Ku-Hyun, President, The Seoul Forum for International Affairs (SFIA); Professor Emeritus, Yonsei University
JUNG Ku-Hyun is currently Visiting Professor at KAIST School of Business and also serving as President of the Seoul Forum for International Affairs. He is also Board Chairman of the Center for Free Enterprise. He has served as President and CEO at Samsung Economic Research Institute from 2003 to 2008 and as Senior Advisor in 2009 and 2010. From 1978 to 2002, he taught at the School of Business, Yonsei University in Seoul. During his tenure at Yonsei, he has served as Director of the Institute of East and West Studies (1992-1997) and Dean of the Graduate School of Business Administration and College of Business and Economics (1997-2002). He has written extensively in the areas of big business groups, globalization of firms, and East Asian economic integration.His book, Korean Management in the Last 20 Years (in Korean), was awarded the Best Research Book of 2008 by the Maeil Business Daily Foundation. In 2016, he co-authored two books, one on innovation of Korean companies and another on Korea’s third sector. More recently, he wrote a book on the functioning of the market economy(Principles of Market Economy, 2016, Vegabooks) and edited a book on the policy options of the new Korean government(2017, Cloud Nine). Dr. Jung has served in the past as outside board members of several corporations, as members of two Presidential Commissions and as advisors to key economic organizations and governmental agencies in Korea. He has a bachelor’s degree from Seoul National University (1969) and a doctoral degree from the University of Michigan (1976).  B J Panda 27 augMr B J Panda, Member of Parliament, Lok Sabha
Baijayant ‘Jay’ Panda is currently serving in his 4th term in the Parliament of India. He was elected to his second term (2014 – 2019) in the Lok Sabha (House of the People) from Kendrapara Constituency, Odisha. Earlier, Jay Panda had been elected to the Lok Sabha in May 2009 as well as twice earlier to the Rajya Sabha (parliament’s other house, the Council of States) in 2000 and 2006, also from the State of Odisha. He is one of the founding members of the Biju Janata Dal (BJD) party, whose Founder President is Naveen Patnaik, currently serving in his fourth term as Chief Minister of Odisha.Jay Panda represents the new face of Indian politicians, several of whom have been educated abroad and have had alternate careers before choosing to serve the nation through politics. He graduated from the Michigan Technological University and, with a background in Engineering and Management, worked in the corporate sector before joining politics. He assisted the late Biju Patnaik and subsequently Naveen Patnaik, who founded the Biju Janata Dal party, which has found strong acceptance from the people of Odisha and has been repeatedly voted back in elections. Jay Panda had helped to form the erstwhile Young Parliamentarians Forum (YPF) and was its Convener. He has also been associated with the India-USA Forum of Parliamentarians from its founding in 2001 and is currently its Chairman. He was awarded the “Bharat Asmita National Award” for best parliamentary practices by the Hon’ble Chief Justice of India in 2008. Since its inception in 2007, Jay Panda has been associated with the Citizens’ Alliance Against Malnutrition, an advocacy group including many parliamentarians across parties, Bollywood actors, other celebrities, civil society activists and non-governmental organizations. The Citizens’ Alliance has undertaken numerous initiatives to battle child malnutrition in India, including field visits to rural districts in several states, continual engagement with media organizations to highlight the issue, repeated interactions with the Prime Minister, Leader of Opposition, Chief Ministers and other political leaders to raise the priority given to this critical issue. In his earlier corporate career, Jay Panda was active in industry organizations like the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI) and the International Chromium Development Association. In the past he has also been associated with the Govt. of Odisha’s Industrial Advisory Committee and been a Director on the Industrial Promotion & Investment Corporation of Odisha (IPICOL). As a parliamentarian, he has been a member of many important committees like the Parliamentary Standing Committees on Finance, Home, Energy and Urban Development. In Parliament and public life, Jay Panda passionately espouses the cause of his home state Odisha as well as other national issues close to his heart, such as economic development, education and information technology. He frequently participates in national television discussions and writes op-ed pieces in newspapers. He holds a Private Pilot’s License for aircraft and helicopters and enjoys adventure sports like skydiving and bungee jumping. Currently, he is a member of the Department-related Parliamentary Standing Committee on Home Affairs as well as the Consultative Committee for the Ministry of Finance and Corporate Affairs.  CHAIR  Tarun Das 2017Mr Tarun DasFounding Trustee, Ananta Aspen Centre &  Former Chief Mentor, Confederation of Indian Industry
Tarun Das has spent his professional career in the development and promotion of Indian Industry. He was the Director General and Chief Executive of Confederation of Indian Industry, CII from April 1967 to May 2004 and Chief Mentor from June 2004 to October 2009.  He is currently the Chairman of Sasakawa India Leprosy Foundation (S-ILF); Institute of Economic Growth (IEG) and also Chairman, Advisory Board, JCB India.He is deeply involved with various non- profit institutions such as Ananta Aspen Centre(AAC); Ananta Centre (AC);The Aspen Institute, USA; Council on Energy Environment and Water (CEEW);Singapore India Partnership Foundation (SIPF);Indian Council for Research on International Economic Relations (ICRIER);Bharatiya Yuva Shakti Trust (BYST);CII-Triveni Water Institute; World Wildlife Fund (WWF). He has been working closely on deepening international ties. He is Co-Chair, US – India Strategic Dialogue, India- Japan Strategic Dialogue, US-India -Japan Strategic Dialogue and India- Israel Forum and Member, India- Singapore Strategic Dialogue, India-China Strategic Dialogue, India- Turkey Forum, US – India Climate Change Dialogue and Trilateral Commission. He is also Member, International Advisory Board, Chubb (USA). He has authored a book: “Crossing Frontiers.” He has received Padma Bhushan, one of the highest Civilian Awards, for contribution in the field of Trade and Industry, by the President of India; Singapore National Award (Public Service Medal) by the Singapore Government for contribution to strengthening economic ties between India and Singapore; Honorary Doctorate in Science, The University of Warwick, UK; Honorary CBE for contribution to Indo-British relations; Honorary Doctorate by the Tel Aviv University,Israel for extraordinary commitment to promoting the Indian Economy in the global arena; Sweden Royal Order of the Polar Star for contribution in strengthening Indo- Swedish relations.

“Relationship between Modi and the Media”

Vigorous discussions on “Relationship between Modi and the Media” in ‘Word Count: Festival of Words today at Amphi Theatre
Ms_Jaya_Jaitly_and_Ms_Shazia_Ilmi.JPG
New Delhi: A new segment of 11th Delhi International Arts Festival 3 days- “words count -Festival of words”, curated by award winning screenwriter and novelist Advaita Kala started today at the Amphi Theatre of India Habitat Centre. The festival had Five sessions which includes does social media win elections? In which jiten gajaria, Ami shah and Arvind Gupta spoke about the imapact of SM on Elections, in second session Hartosh Singh Bal, Adityaraj Kaul and Ratan Sharda and Rahul discussed on the relationship between Modi and the media, third session was on Indian Political Thought in which Nanadakumar, JK , Himanshu Roy and Advaita kala spoke about Charting the evolvement of india political thought, in forth session stutee ghosh, ashish sandeep kadian and nitin gupta spoke on Are You Serious : Satire in the time of political correctness, the last session was on Politician as writer in which Pavan verma, V Saharubuddhe and Karthika VK spoke about their experience.
At the same time, Delhi International Arts Festival had also organised Puppet Show at Little Theatre Group in which artist of puppet group from Indonesia performed Beringin Sakti and Artist of Shadow play from Malaysia performed Wayang Kulit Dalang.

Sagoon’s Regulation A+ offering

Hi Nksagar_1,
We’re excited to let you know that our conversation with Ms. Sara Hanks, co-chair of Securities Exchange Commission (SEC) and CEO of Crowd Check captured in a video is gaining a lot of eyeballs in the Nepali media. The video with information about Sagoon’s Regulation A+ offering in the words of Ms. Hanks is the subject of the latest posts of Nepali online news portals Image Khabar and My Republica. Read the coverage here:
1.   Image Khabar – www.imagekhabar.com/news/latest/technology/32214
2.   My Republica – www.myrepublica.com/news/31247/
In the video as you may know, Ms. Sara Hanks, an attorney who has more than 30+ years of experience in corporate and securities law has talked about how Sagoon had to go through a stringent process under her watchful guidance to qualify for launching a mini-IPO. She also talks to the audience about how Regulation A+ is useful for early-stage companies like Sagoon and retail investors and how she hopes to continue a long-term relationship with Sagoon.
We feel that good articles like these that educate us about Sagoon’s Regulation A+ offering in the words of a prominent member of the SEC Advisory Committee like Ms. Sara Hanks should be read more by everyone.
Therefore, we request you to share them as much on all your social media channels to help educate your family, friends and colleagues about the next social media revolution – Sagoon.
In case you want to explore the investment and co-ownership opportunity that Sagoon is currently offering, please visit www.sagoon.com/invest
Learn More
Best Regards,
Sagoon Team

Workshop on  Changing party system in Delhi


CPR and CSH are pleased to invite you to a workshop on
Changing party system in Delhi and the emergence of Aam Aadmi Party
Adnan Farooqui
Tuesday, 28 November 2017, 3:45 p.m.
Conference Hall, Centre for Policy Research
Image Source
The presentation analyses the emergence of Aam Aadmi Party (AAP) in the context of systemic changes in the nature of political competition in Delhi.This is done against the back drop of Delhi’s unique constitutional position, party system in the state, reasons behind the emergence of AAP and subsequent reversals in its political fortunes.
The analysis is done through the detailed study of post-poll electoral surveys and the election results in 2013, 2014, and 2015 elections. The attempt here is also to look at the nomination procedure and campaign strategy adopted by APP gleaned through the extensive interviews of the political actors involved.
Adnan Farooqi is Assistant Professor, Department of Political Science at Jamia Millia Islamia, New Delhi. His academic interests are focused on electoral systems, party systems, and political parties.
This workshop is free and there is no registration required. Find all the available videos of our previous workshops, here.
This is the ninety-fourth in a series of Urban Workshops planned by the Centre de Sciences Humaines (CSH), New Delhi and Centre for Policy Research (CPR). These workshops seek to provoke public discussion on issues relating to the development of the city and try to address all its facets including its administration, culture, economy, society and politics. For further information, please contact: Olivier Telle of CSH at telle.olivier@gmail.com, Partha Mukhopadhyay at partha@cprindia.org or Marie-Hélène Zerah at marie-helene.zerah@ird.fr
Telle Olivier, Health Geographer,
Head of territorial dynamics, CSH

Praja Launched it’s Crime White paper on the status of crime & Policing

1511429968109159854985.jpgOne in every 14 person in Delhi over the age of 18 has face crime.
60℅ of Delhi citizen feel wonen,Children and Sr citizen not secure.
South District reported the highest registration of incidence of Molestation of women,590
Acute shortage in police sub-inspector is 26℅, police constable 10℅ for sanctioned Police
  • 1 in every 14 persons in Delhi over the age of 18 has faced crime
  • It is estimated that one in three persons who has faced crime has not reported it to police
  • Of the total 2,181 of rape case being registered, 44.80% are registered under Protection of Children from Sexual Offences (POCSO) Act in 2016
  • 60% of citizens feel that women, children and senior citizens are not secure in their localities
  • South District reported the highest registration of incidence of Molestation of Women (590)
  • Acute shortage in police sub-inspector (26%) and police constable (10%) for sanctioned police
  • Only two issues were raised by Delhi Members of Parliament(MPs) on women related issues from monsoon 2016 to budget 2017 session
23rd November, Delhi: Praja launched its Crime Whitepaper on the Status of Crime and Policing in Delhi. As per the findings of the report, crime against women in Delhi has been consistently high. A total of 3,969 cases were registered against molestation of women in 2016. In 2016, out of the total number of cases registered under kidnapping 59.60% were case of women being kidnapped.
This data was procured by Praja Foundation under the Right to Information (RTI) Act, 2005. The white paper also included the data point on how safe do the citizens feel in their city. This data was collected through a survey commissioned by Praja to research organisation Hansa Research which included 24,301 households.
Speaking about these findings, Anjan Ghosh, Senior Vice President, Hansa Research, said, “Underpinning the data on crime against women and children is the percentage of people not feeling secure for women, children and senior citizens in their locality at 60% for 2016. To give you the data in a nutshell, it is estimated that of every one of three persons who have faced crime has not reported it to the authorities according to the household survey.”
Milind Mhaske, Project Director Praja Foundation stated that, “One can clearly draw an observation between the feeling of safety and security of women and children to the registration of cases as out of the total 2,181 of rape case being registered in 2016, 44.80% are registered under Protection of Children from Sexual Offences (POCSO) Act in 2016.” Adding to this, Rahul Dev, senior journalist and Honorary Advisor to Speaker’s Research Initiative said, “There can be a direct impact when it comes to this particular issue by creating and sustaining an awareness campaign against sexual abuse of the children with all the stakeholders i.e. children, parents, schools and colleges.”
The consistent number of cases registered may seem to have a direct correlation the acute shortage of police personnel in Delhi Police. Additional Commissioner of Police (Addl. C.P.) (58% shortage), Additional Deputy Commissioner of Police (Addl. D. C.P.) (33% shortage), Assistant Commissioner of Police (A.C.P.) (24% shortage) and Police Sub – Inspector (P.S.I.) (26% shortage) record the highest shortfall as of March 2017.
“What is more concerning is that instead of accepting that there is a problem in the city administration and governance mechanism, only promises are being made. An example of this is that since the formation of the AAP government, State Security Commission has not been formed.” Anjali Srivastava, Assistant Manager at Praja Foundation, said.
Nitai Mehta, Founder and Managing Trustee Praja Foundation said, “The pertinent question at this hour is where does this go from now? There can be numerable more examples about the attempts being made by government, but are just attempts enough? At this hour, there is a need for exemplary conduct by the authorities, elected representatives and government to make these attempts tangible proofs of successful execution of policy.”

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