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Nabard to ensure fast funds to states battling storage crisis

-The Economic Times KOLKATA: Eastern and North Eastern states, which grapple with acute storage deficit, will get a priority in fund allocation for setting up warehouses, National Bank for Agriculture and Rural Development (Nabard ) said. States with food deficits like Jammu and Kashmir will also receive a priority treatment. The government has directed Nabard to treat these states favourably to cut farm losses amid implementation of the world's biggest population feeding...

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Mega land acquisition by Bengal for coal blocks -Rohit Khanna & Suman Chakraborti

-The Times of India KOLKATA: The West Bengal Mineral Development & Trading Corporation Ltd will acquire around 2,800 hectares of land for three coal blocks in Burdwan, one of the largest land acquisitions by any state-run agency since Trinamool Congress came to power in Bengal in May 2011. The corporation-which has already been pulled up by the coal ministry for delay in the project's execution-needs to take 1186.83 hectares for the Ichhapur...

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Uttarakhand needs smarter projects, World Bank's India head says

-PTI NEW DELHI: Rain and flash floods have pushed back development works in Uttarakhand by decades and the challenge at the moment is to build smarter projects without impacting the fragile environment of the hilly region, said World Bank's country director Onno Ruhl. "In Uttarakhand, the challenge is to build smarter, so that they do not undermine the fragility of the environment," he told PTI after the approval of a $250 million...

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20 mn tonne wheat wasted in India every year: IME

-PTI NEW DELHI: Around 20 million tonnes of wheat is wasted in India every year due to inadequate storage Infrastructure, Institution of Mechanical Engineers said today. "Foodgrains are lost in India mainly due to lack of facilities in storage and transportation. 20 million tonnes of wheat is lost every year as a result of that," said Tim Fox, Head of Environment at the UK-based body. He released the report, 'Global Food: Waste not,...

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NABARD Launches New Scheme to Advance Direct Loans

-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage Infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage Infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...

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