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As losses mount, Areva goes in for huge job cuts by Vaiju Naravane

French nuclear giant Areva, which is planning to sell India six masssive1650 MWe EPR nuclear reactors for the Jaitapur site in Maharashtra, is facing serious financial difficulties with net losses in 2011 placed at well over €1 billion. Areva's CEO, Luc Oursel, announced drastic job cutbacks and the sale of over €2 billion worth of assets, essentially in the company's uranium mines sector, to offset these losses. Trading in the company's...

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Committee to give Maha school laws a full revision by Yogita Rao

School education laws in the state will soon undergo an overhaul. The Maharashtra government has set up a committee to synchronise all laws in school education with the centralRight to Free and Compulsory Education (RTE) Act, 2009 .  Formed recently by the state's school education department, it will be led by a retired Bombay high court judge and will have experts in education.  While the committee will look at all laws in...

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Nabard sanctions Rs 615 crore loan to Maharashtra govt by Jayashree Bhosale

National Agricultural Bank for Rural Development (Nabard) has sanctioned Rs 615.33 crore to Government of Maharashtra, out of its Rural Infrastructure Development Fund (RIDF) for development of roads and bridges, minor irrigation, kharland projects and construction of anganwadi centres projects in the state. With this sanction, the total amount of loan sanctioned to Government of Maharashtra during 2011-12 aggregates to Rs 615.33 crore. ...

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CM stands by Pawar on NREGS remarks

-The Indian Express   Maharashtra Chief Minister Prithviraj Chavan on Friday came out in support of NCP leader and Agriculture Minister Sharad Pawar’s suggestion to Prime Minister Manmohan Singh that the UPA’s flagship rural job guarantee scheme (NREGS) should be suspended for “at least three months in a year” so that agricultural labourers are available during the peak season of agricultural operations in various parts of the country. “He (Sharad Pawar) is a...

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Thousands of Indian children missing, says report by Geeta Pandey

Nearly 11 children go missing in India every hour and at least four of them are never found, according to a study by a child rights organisation. The report by Bachpan Bachao Andolan (BBA) covers 392 of India's 640 districts and is the first such comprehensive study on the subject. The data was compiled over two years from January 2008 to January 2010. The report says most of the missing children end up...

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