The World Bank-funded Rs.745-crore Dam Rehabilitation and Improvement Project (DRIP), covering 104 dams in the State, will be launched in the next financial year (2011-2012). Of the total number of dams, 66 belong to the Water Resources Department (WRD) of the Public Works Department (PWD) and 38 to the Tamil Nadu Generation and Distribution Corporation (TANGEDCO), successor-entity of the Tamil Nadu Electricity Board. In the first year, 18 dams — WRD's...
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Microfinance: India considers rate cap on loans to poor by Amy Kazmin
In India, commercial banks, both public and private, are required to direct a large chunk of their net credit to designated “priority sectors” seen as having a positive impact on India’s economy, and wider society – to ensure funds flow into areas the government deems important, but might otherwise be neglected. These sectors – designated by the Reserve Bank of India – currently include broad areas of agriculture, small scale industries,...
More »Biotech regulator bill up for Cabinet nod
A bill to put in place the proposed biotechnology regulator is likely to be taken up for consideration by the Cabinet at its meeting on Thursday. The proposed Biotechnology Regulatory Authority of India (BRAI) seeks to replace the existing multiple mechanisms that are operating under different administrative ministries. The proposed bill — initially prepared in 2008 — has been now revised substantially. The proposed authority will now deal only with safety...
More »CPI seeks ban
The Communist Party of India State council has asked the Centre to ban Endosulfan, which led to deadly diseases and death in several areas in Kasaragod. A resolution adopted by it here on Monday said the ill effects of the pesticide on cashew plantations were hounding an entire population. It was included in the deadly pesticides list and banned in many countries. India was adopting a stand in favour of...
More »Malawi seeks Indian help in 'greenbelt initiative'
Inspired by India’s “Green Revolution”, Malawi has sought Indian assistance in its “Greenbelt initiative” aimed at raising agricultural output. The southeast African nation is looking to India to tap its huge uranium deposits. Malawi is also negotiating to sign Double Taxation as well as Investment Promotion and Protection agreements with India. “Our main aim is to get India’s participation in our Greenbelt initiative to increase our farming capacity,” visiting Malawian Trade and...
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