<p>Judgment of the National Green Tribunal in the matter of Pramod Tyagi Vs State of NCT of Delhi & Others dated 21/03/3035.</p> <p>A proposal was initiated by State of National Capital Territory
Prior to announcing the Rs 60,000-crore farm loan waiver package, the finance ministry had toyed with the idea of setting up an Agriculture Credit Guarantee Corporation with a corpus of around Rs 5,000 crore to deal with bad loans. The entity would have insured lenders against borrower defaults with banks making less provisioning for such loans and continuing to offer farm loans. However, the plan was dropped after the amount of the waiver and relief package rose to a massive Rs 60,000 crore. "We then thought of giving direct subsidies to farmers as there will be no leakage in this scheme and the benefits will go directly to farmers,' said a government official. Cooperative banks account for Rs 37,000 crore or about 61 per cent of the Rs 60,000-crore package announced in the Budget. Regional rural banks and scheduled commercial banks account for Rs 12,000 crore and Rs 11,000 crore, respectively. The details of the farm package are likely to be finalised by March 25. As the government will implement this package over a period of three financial years, it may make a provision of up to Rs 25,000 crore in 2008-09. Part of the financial assistance due for restructuring of cooperatives according to the recommendations of the Vaidyanathan Committee is also likely to be part of the package, officials say. Cooperatives and banks may also have to share a little burden in case of default loan accounts, which have been written off for prudential accounting norms.
The Chief Minister, Dr Y.S. Rajasekhar Reddy announced a series of incentives to fishermen including waiving off loans of Rs 40.72 crore availed by them from Fishermen Finance Corporation.
The State government has decided to give Rs.7,500 as compensation for loss of each hectare of paddy crop, Local Administration Minister M.K. Stalin informed the Assembly on Wednesday.
Contrary to the preliminary estimates which indicated that the crops worth Rs 100 crore were damaged in the district due to the recent rains, the official estimates are only showing a loss of around R
Social activists Medha Patkar and Bhai Vaidya have submitted a letter to Divisional Commissioner Nitin Kareer demanding a CBI inquiry into the land acquired for the Lavasa resort township, 60 kms from
