The Cabinet has decided to write off loans amounting to around Rs.254 crore taken by fishermen from various cooperative institutions in the State, Fisheries Minister S. Sarma told a press conference here on Tuesday. Of this amount, a sum of Rs.221.15 crore is towards the principal of the loan and Rs.20 crore towards interest on the loan disbursed through cooperative societies. A sum of Rs.12.44 crore disbursed as loans through the...

The Union ministry of environment and forests (MoEF) has given environment clearance to the controversial Jaitapur nuclear power project slated to come up in Madban village (Ratnagiri district) along the Konkan coast. This is the second major project, after the Navi Mumbai airport, to be cleared by minister Jairam Ramesh in a week. The 9,900-mw Jaitapur nuclear power plant, the country's largest, will be set up in collaboration with the French...

Chief Minister M. Karunanidhi on Friday requested Prime Minister Manmohan Singh to defer issuing the Coastal Regulation Zone (CRZ) notification till the apprehensions of fisherfolk and environmentalists are allayed. In a letter, Mr. Karunanidhi said there was a strong apprehension among the coastal communities that the draft notification would cause widespread destruction to the livelihood of fishing communities and other poor communities in the coastal areas, resulting in damage to coastal...

More public private partnerships are needed to create opportunities for the rural population India might have created its mark in the services sector — especially in information technology — on the global map, but the development of the rural sector still has a lot of ground to cover. Discussing how to innovate rural entrepreneurship towards employment at the India Economic Summit, various speakers called for increased public private partnerships to create...

About 25,000 fishermen in Jagatsinghpur and Kendrapara districts are looking for alternative means of livelihood following a ban on marine fishing in and around the Gahirmatha sanctuary in view of mass nesting season of endangered Olive ridley sea turtles. The State government clamped a seven-month ban on Monday on fishing activity along the entire 20 km stretch of Dhamra-Barunei mouth within Gahirmatha marine sanctuary. Fishing within the prohibitory zones disturbed...