Archive for the 'METROS/CLUSTERS' Category
Samaja: Posco land acqusition – ID card holders to get stipend till plant opens; R & R for encroachers
Iron Ore, Jagatsinghpur, Land acquisition, Paradip - Jatadhari - Kujanga, POSCO, R & R, Samaja (in Odia), Steel Comments Off on Samaja: Posco land acqusition – ID card holders to get stipend till plant opens; R & R for encroachers85 crores for Jajpur Rd -Duburi 4 lane high way: Sambada
Daily Pioneer, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Kalinganagar corridors, National Highways, NH 215 (348 Kms: NH-5@Panikoli - Anandapur - Kendujhargarh -Rajamundra @NH-23), Roads, highways and Bus stands, Sambada (in Odia) Comments Off on 85 crores for Jajpur Rd -Duburi 4 lane high way: SambadaBiodiesel park near Bhubaneswar
Bhubaneswar- Cuttack- Puri, BioTech, Pharma, Jatropha, Khordha 3 Comments »Following is an excerpt from a report in Telegraph.
First an IT park, followed by a bio-tech one and now Orissa is set for a bio-diesel space.
Chief secretary Ajit Kumar Tripathy in the capital city today flagged of the park project, which would boast of a research laboratory, as well as a plantation area with jatropha, karanja and castor plants — all of which produce oil.
… the chief secretary added that the construction work has been given to the Majhighariani Institute of Technology and Science Group, which has already started jatropha curcas plantation on 50,000 hectare in 10 Orissa districts.
“The group, in association with the government and banks, would set up the park. A minimum 100 acre is required and we have identified the land near Deras agricultural farm on the outskirts of Bhubaneswar,” said Balkrishna Panda, the chairman of the group.
He added that 10-odd acre would be required for the plantation alone. Besides, the park will be used for research, publicity and training of farmers on bio-diesel. In addition to it, the park would have one-stop solutions for fertiliser, spice and tissue culture issues, besides units of bio-diesel production plants
“It will be on public-private partnership (PPP) mode and will provide employment to 10 million in the state directly or indirectly,” said Panda.
Several banks, including Andhra Bank, Bank of Baroda, UCO bank and the Orissa State Cooperative Bank, have shown interest in the project. Indian Oil has also agreed to a marketing tie-up.
Jatropa is not a new concept for Orissa farmers. It often is planted on boundaries to protect the crop from stray cattle. But, its plantation on commercial basis in unproductive land is a new one.
Bhubaneswar and best practices
Bhubaneswar- Cuttack- Puri, Odisha govt. action, State Bureaucrats (IAS, OAS, etc.) Comments Off on Bhubaneswar and best practicesUpdate: Economic Times says: While it takes close to 275 days to obtain a license for any venture in Mumbai, it takes only 159 days to get a license in Bhubaneshwar,…
Following is an excerpt from a report in Livemint.com.
The private sector lending arm of the World Bank, International Finance Corp. (IFC), on Thursday said India can greatly improve its business environment if the best practices, currently followed only in some cities, can be replicated across the country.
“India can jump 55 places if best regional practices (in 10 business areas) are adopted nation-wide,” IFC’s chief economist Michael Klein said at a panel discussion on the ‘Doing Business 2008 Report’ of the World Bank.
India is currently ranked 120 in the Doing Business Index.
The report pointed out that best domestic practices in the area of launching a business exists in Jaipur, dealing with licences in Bhubaneswar, registering property in Hyderabad, paying taxes in Bhubaneswar and Chandigarh, trading across borders in Chennai, enforcing contracts in Bhubaneswar and closing a business in Bangalore. These practices, if adopted by the entire nation, would significantly improve the business environment in India, he said, adding that the country’s ranking in 2008 survey went up by 12 places to 120.
IBM announces launch of SMB operation in Orissa
Bhubaneswar- Cuttack- Puri, IBM, IT, Kalinga Times, Khordha, MSE - medium and small enterprises Comments Off on IBM announces launch of SMB operation in OrissaThis appears in various news media. Following are excerpts from a report in Kalinga Times.
… IBM India on Wednesday announced the launch of its SMB operations in Bhubaneswar .
This expansion will enable IBM to provide better support to SME clients in and around Bhubaneswar and help IBM’s customers leverage IT for business growth.
In addition, mid-market businesses will also benefit from the new IBM Express Advantage initiative that provides SMEs with a unified end-to-end approach to help them innovate and expand.
…Earlier this year, IBM had announced a plan to extend its presence to 14 cities outside of the key metros, and has successfully launched operations in Bhopal , Chandigarh , Coimbatore , Cochin , Goa, Jaipur, Jamshedpur , Lucknow , Nagpur , Nashik, Surat , and Vizag. It will look to expand into Ludhiana and Madurai as well.
… IBM’s SME offerings have already been accepted in various industries and organisations. Some existing customers in Bhubaneswar include, Government of Orissa IT Department – OCAC, Dept of Treasury Orissa, Paradeep Phosphates Ltd, Vedanta Alumina Ltd, Kalinga Institute of Industrial Technology, Biju Patnaik University of Technology, and Utkal University to name a few.
World Tourism Organization interested in developing Chandipur-Balaramgadi beach
Balasore, Balasore- Chandipur, Beaches, Ecotourism Comments Off on World Tourism Organization interested in developing Chandipur-Balaramgadi beachFollowing is an excerpt from a news item in odisha.in on this.
World Tourism Organisation (WTO), a United Nations body has expressed its interest to develop the coastline from Chandipur to Balaramgadi as a tourist resort of international standard.
Recently, a seven member expert team of WTO headed by James Craig Jessamine has visited the 3 km beach to examine its potential for growth and marketing.
Maintaining it as one of the world’s best tourist sites, the expert team has stressed on immediate steps to arrest coastal erosion, besides development of the beach site.
The WTO members included tourism infrastructure specialist Samuel E Sapuay, Thomas Fletcher, Richardian Batchelor, KVS Menon, Bez Beoura and BN Mishra also discussed the matter with government officers, NGOs and hoteliers after visiting the site.
"Considering Chandipur as base point for coastal development, the team put forth a plan to erect one tourist resort of international standard over 200 acres of land between the Panthaniwas and Balaramgadi," said ADM Sribatsa Jena, who accompanied the team.
… Of the 480-km coastline in Orissa, the golden beach of Chandipur in Balasore district has a unique characteristic of its own. …
It is the only beach where the seawater recedes more than five km everyday and return rhythmically after a regular interval – a phenomenon seldom found anywhere else. It’s like magic when one can see the sea literally vanishing before his own eyes and coming back as if playing hide and seek with the beholder."This uniqueness has attracted WTO to develop it as a tourist resort of world class," said Balasore Collector Alekh Chandra Padhiary.
The Collector said that with an assistance of Rs 2.06 crore from government of India the tourism department has started preliminary work for the development of Chandipur beach. …
Capital ring road and other PPP infrastructure plans
Berhampur- Gopalpur- Chhatrapur, Bhubaneswar- Cuttack- Puri, Bhubaneswar-Paradip, BioTech, Pharma, Cuttack, Daily Pioneer, Ganjam, Jagatsinghpur, Khordha, PPP Comments Off on Capital ring road and other PPP infrastructure plansFollowing is an excerpt from a report in Pioneer.
Under the PPT mode, the State Government has decided to build a Capital Region Ring Road. A decision to this effect was taken at a meeting of the Empowered Committee on Infrastructure (ECI) chaired by the Chief Secretary Ajit Kumar Tripathy on Tuesday.
The proposed ring road will constructed with an aim to lessen pressure on the vehicular traffic movement on Bhubaneswar-Cuttack road. The road will start from Khurda and pass through Bhubaneswar via bypass and touch Nirgundi near Cuttack. The survey work for the project will commence soon.
Keeping the growing industrialisation in view, another road under PPT will be built connecting directly Bhubaneswar to Paradip. It will also help the smooth movement of traffic from Capital to Port City. ILFS will do the necessary survey work.
In order to strengthen the PPT mode, Government has constituted seven cells in different departments like Fisheries and Animal Development, Energy, Panchayat Raj and Information and Technology.
The committee approved five proposals under PPT. In a bid to develop the infrastructure of Berhampur city, Government has decided to build an integrated commercial and residential complex under the banner Gajapati Plaza. Rs 10 crore will be spent to build this project. Government will provide five acre of land for this purpose. All the modern amenities including swimming poll facilities will also be available in the complex. The project work would be entrusted to Forum Project Private Limited. Work on the project would commence in the next 15 days. The ECI also gave its nod to set up a bio-tech farm in an area of 64.86 acres of land near Andharua on the outskirt of Bhubaneswar city. A bio-tech incubation centre will be set up in another 10 acres of land in Andharua also. Five major state-of-the-art infrastructure in the form of modular laboratories, loaded wet laboratories, common equipment facilities and amenities, pilot plant facilities and training centre would be provided in the park.
These facilities in the Biotechnology Research Platform will help to multiply the number of users on free-for -use basis. Selected private developers will be allowed to operate, manage, maintain and market the park in Bio-Tech Pharma and Bio-Informatics -IT related issues.
Masterplan for eight more urban areas
Anugul- Talcher - Saranga- Nalconagar, Berhampur- Gopalpur- Chhatrapur, Bhubaneswar, Bhubaneswar- Cuttack- Puri, Cuttack, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jharsugurha- Brajarajnagar- Belpahar, Masterplans & CDPs, Paradip - Jatadhari - Kujanga, Puri, Rourkela- Kansbahal, Sambaplur- Burla- Bargarh- Chipilima, Statesman, Telegraph Comments Off on Masterplan for eight more urban areasThe Orissa government has already involved itself in preparing the master plan for greater Bhubaneswar area. Now there is news regarding its intention to make master plans for 8 more areas. These areas are: Puri-Konark, Rourkela, Sambalpur, Berhampur, Kalinganagar, Paradeep, Jharsuguda, and Talcher-Angul. The govt. is missing a few other areas which it should take up soon. Those are: Baripada, Balasore, Dahamara, Rayagada-Therubali and Koraput-Jeypore. Following are excerpts from a report in Statesman on Orissa govt.’s recent thoughts on this.
In a bid to give major facelift to the upcoming urban areas of the state and for their integrated development, the government will prepare a master plan, within one and half years. The localities include Rourkela, Sambalpur, Berhampur, Puri-Konark, Talcher-Angul, Paradip, Kalinga Nagar and Jharsuguda. … Mr Patnaik underscored the need of adequately trained personnel to successfully handle the technical problems of under-ground sewerage and solid waste management,…. He also stressed on better sanitation, drinking water, housing and slum development. It may be mentioned here that while Rs 950 crore from the funds of JBIC has been sanctioned for sewerage of Cuttack; the capital city has been allotted Rs 499 crore for the same under Jawaharlal Nehru Urban Renewal Mission. Rs 88 crore has been sanctioned for drinking water in Cuttack, Berhampur and Sambalpur. Rs 3.65 crore has also been allotted for slum development in Bhubaneswar.
Following is an excerpt from a report in Zee News.
… the Nandankanan Zoo authorities are all set to launch a novel scheme that will ensure a tax rebate on adoption of an animal by the income tax department.
The scheme is being made possible in collaboration with the State�s income tax department to bring individuals closer to birds and animals apart from bringing transparency in the administrative activities.
"The basic objective is to bring people closer to the captive animals and birds��one is that of course it generates some earnings which give you an option and space for better management. At the same time, it gives a kind of insight on how the animals are reared," said Ajit Kumar Patnaik, Director, Nandankanan Zoo.
Though the novel scheme is a first of its kind in Orissa, the credit for initiating the novel scheme goes to the authorities at Mysore and Lucknow zoos where even schoolchildren are encouraged to adopt animals.
The scheme, which has motivated many individuals, will commence with the new financial year starting April 1, 2008.
… The interested individuals are required to fill up an application form and pay for an annual maintenance on which one can claim the tax rebates.
Names of the people adopting the animals would be displayed on enclosures of the adopted animals.
Nandankanan Zoo authorities are the waiting State government�s approval for starting the scheme.
Currently, the State government spends nine million rupees (0.22 million dollars) on feeding the animals while around Rs. 3 million (0.57 million dollars) are spent on the maintenance of the Nandankanan Zoo.
Nandankanan Zoo, 25 kilometres from Bhubaneshwar, lies in the splendid environs of the Chandaka forest, along the rippling waters of the Kanjia Lake. It also contains a Botanical Garden and part of it has been declared a sanctuary.
Famed for its white tiger population, Nandankanan, or the ‘Garden of Gods’, has become a hot family favourite, with visitors getting an excellent opportunity to enjoy seeing these regal animals in their natural glory.
Over 67 kinds of mammals, 18 varieties of reptiles and 81 species of birds co-exist in the deeply forested boundaries.
The zoo enjoys an excellent reputation internationally, for successfully breeding black panthers, Gharial, crocodiles and white tigers in captivity.
Baazar Kolkata opens stores in various Orissa locations
Berhampur- Gopalpur- Chhatrapur, Bhubaneswar- Cuttack- Puri, Cuttack, Ganjam, Khordha, Malls, Puri, Samaja (in Odia) 2 Comments »Baazar Kolkata has already opened and is in the process of opening stores in various Orissa locations: 2 in Bhubaneswar, Cuttack, Puri, Berhampur. Following is a news item on this in Samaja. (Note: Baazar Kolkata is different from the Big Bazar Chain.)
Paradeep port to be made deeper at a cost of 253 crores: Samaja
Jagatsinghpur, Paradeep port, Paradip - Jatadhari - Kujanga Comments Off on Paradeep port to be made deeper at a cost of 253 crores: Samaja(See http://www.orissalinks.com/orissagrowth/?p=96 for other expansion plans of Paradeep port.)
IRCTC tour packages from Orissa
Bhubaneswar- Cuttack- Puri, Chilika, Hotels and resorts, Railways 1 Comment »Following is an excerpt from a news report in New Indian Express.
Giving safety and passenger comfort the utmost priority, the regional office of Indian Railway Catering and Tourism Corporation (IRCTC) has rolled out well-knit packages for pilgrims and holiday-makers for the first time to major tourist places in the country.
… The new packages, however, do not include ghat sections. Nonetheless IRCTC has left no room for complaints. ‘‘We have even posted a manager who would look into the wellbeing of the people round the clock,’’ he said.
The packages include a week-long tour to North covering New Delhi, Jammu, Haridwar and Risikesh. The cost per adult has been fixed at Rs 11,800. Similarly, the ‘explore Rajasthan’ tour package, taking travellers to all known places, has been priced at Rs 17,050. They include expenses like on and off board catering, board and travelling.
Optimum return of the money spent would be the USP of the plans. The third package called ‘ Southern Splendours I and II — covering places like Bangalore, Mysore, Ooty and Hassan among others — would cost between Rs 10,250 and Rs 10,650.
In the ensuing months, IRCTC would also offer travel plans to Madurai , Rameswaram and Kanyakumari. Likewise, tour packages to Darjelling , Gangtok and Peling are also on the cards. It is also contemplating to offer customised packages.
Meanwhile, IRCTC’s budget hotel project in Bhubaneswar would start soon, having received nod from the State Government. It will come up in front of the Railway station. IRCTC has also acquired about five acres at Bhabakundaleswar near Satapada at Chilika Lake for a similar project.
Mohanty said, plans for the budget hotels in Cuttack, Puri and Visakhapatnam are awaiting the Railway Board’s clearance.
Golden future of Dhamara
Bhadrakh, Bhadrakh - Dhamara (port conn. planned), Bhadrakh-Dhamara, Bhitarakanika, Dhamara port (under constr.), Dhamara- Chandbali- Bhitarakanika, L & T, Shipyard, Tatas Comments Off on Golden future of DhamaraDharitri has a nice article on the golden future of Dhamara. Following are some of the major projects involving Dhamara. My prediction is that in 10-15 years the Chandbali-Dhamara-Bhitarakanika area will be a beautiful metropolitan area next to a national park. (See top right in this map.)
- L & T and the Tatas are building a port in Dhamara.
- Central government is upgrading Dhamara fishing jetty to an international fishing harbor.
- Bharati Shipyard and Appejay group plan to build a shipyard in Dhamara.
- A railway line connecting Dhamara and Bhadrakh will be build.
- Good roads will definitely connect Dhamara to nearby National Highways.
- Dhamara will be a major stop in National Waterway 5.
- Dhamara is next to the Bhitarakanika National Park (more)
Following is an excerpt from a news item in rediff.com.
Keeping to long-standing demands from the Information Technology companies in the small and medium enterprise sector, the inter-ministerial committee of the Centre has approved the first private software technology park of Orissa.
The Bhubaneswar-based JSS Group, operating as a BPO / KPO company in the banking and financial back-end services, has received the distinction. The new private STP has been christened as JSS Software Technology Park.
The private STP is being set up by the JSS Group at Infocity in Chandaka, Bhubaneswar.
… When contacted, chairman of JSS group, Bijoy K Sahoo said, "For long we have been urging for setting up a private STP in the state. Finally it has been awarded to us. We thank the Orissa government for helping us achieve our aim. This would open the flood gates for more private STPs".
Neighbouring states like Andhra Pradesh already have more than 100 private STPs, for the ITSME sector, followed by other states like West Bengal. Tamil Nadu, Karnataka and Maharashtra.
Almost 98 per cent of Orissa IT companies registered with the Software Technology Parks of India belong to the SME sector. The state has set to itself a software export target of achieving Rs 1,000 crore in the next couple of years.
Plans for an aquarium in Puri
Aquarium, Bhubaneswar- Cuttack- Puri, Puri Comments Off on Plans for an aquarium in PuriUpdate: As per Dharitri, the current largest aquarium in the country is in Paradeep which is built in an area of 1.5 acres.
Following is an excerpt from a news item on this in the Statesman.
The holy city of Puri will soon have a modern sea-aquarium, with an approximate investment of Rs 2 crore.
Complying with the request of the Speaker Mr Maheswar Mohanty, who happens to be the local MLA, chief minister Mr Naveen Patnaik has asked the tourism department to take necessary steps. It is said that the sea-aquarium is going to be the largest in the country.
Presiding over in a high-level meeting, which was attended by tourism minister Debi Prasad Mishra, tourism secretary Asit Tripathy, culture secretary Gopinath Mohanty, Paradip Port Trust (PPT) vice-chairman Subrat Tripathy and Puri collector Rashmi Ranjan Patnaik, Speaker Mr. Mohanty informed that the technical support for the project will be provided by PPT. This will be a major tourist attraction, he hoped.
Asian and African films in the Bhubaneswar film festival
Bhubaneswar- Cuttack- Puri, Film festivals, Khordha 1 Comment »Following is an excerpt from a news report in the Statesman.
The Film Society of Bhubaneswar (FSB) is organising Airtel Bhubaneswar Film Festival’07 (BFF’07), which will begin from tomorrow. The five-day event will bring together a selection of contemporary and critically acclaimed films, which would offer meaningful and entertaining exposure to social issues, cultural conventions and artistic excellence from all over the world. In total, 16 highly acclaimed feature films and six documentary films will be screened.
The most important feature of this film festival is the showcasing of contemporary African and Asian films, whose style and aesthetics have been critically appreciated in various echelons. In the African category, movies from South Africa, West Africa, Angola, Senegal and Morocco would be exhibited. They include films of award winning film-makers like Maria Joa Ganga, Ousmane Sembene, Nabil Ayouch, Abderrahmane Sissako, and Gavin Wood.
In the Asian category, films of Hirokazu Koreeda, Tsai Ming-liang, Bahman Farmanara and Nir Bergman would be screened. Apart from these, path-breaking classics of four great directors-Ugetsu Monogatari (Kenji Mizoguchi), Wild Strawberries (Ingmar Bergman), Mouchette (Robert Bresson) and Titas-Ekti Nadir Naam (Ritwik Ghatak) would be shown. Himanshu Khatua’s Sunya Swarupa, in Oriya would also be screened at the event.
Essar steel gets approval to increase the capacity of its proposed steel plant to 6 MT
Jagatsinghpur, Paradip - Jatadhari - Kujanga, Steel Comments Off on Essar steel gets approval to increase the capacity of its proposed steel plant to 6 MTFollowing is an excerpt from a news item in tathya.in.
In 2005 the company entered memorandum of understanding (MOU) with state government to set up a 4 million tone per annum steel project at Paradeep.
Now the company wanted to add another 2 million ton per annum capacity to the Greenfield project.
The Authority cleared the proposal, which will be of Rs.9797.50 crore.
So the Essar Steel will invest Rs.20518.50 crore in Orissa, said Mr.Dalwai.
120 bed Ayush Hospital inaugurated in Bhubaneswar
Bhubaneswar- Cuttack- Puri, HEALTHCARE and HOSPITALS, Khordha Comments Off on 120 bed Ayush Hospital inaugurated in BhubaneswarFollowing is an excerpt from a report in New Indian Express.
Announcing the formal operationalisation of this 120-bedded multi-specialty care hospital, one of its promoters Dr Ashok Acharya said, the centre would set new benchmarks in health care facilities in the State.
The hospital has earmarked 39 beds for critical care, in keeping with the prescribed national ratio. The hospital will have full time consultants in all super specialty branches along with two tier of senior and junior residents.
Besides, there will also be floor free operating theatres and ICUs. Dr Kamal Lochan Mohapatra, the other promoter of the hospital, informed that Ayush Hospital will have advanced radio diagnostics for 0.35 Telsa MRI units, multi detector CT scan, mammography, all kinds of video scopies besides a critical cardiac care ambulance.
While the hospital project took 18 months to be complete, the promoters are busy adding to its infrastructure.
Industrialization of the Paradip area and their land requirements
Chemicals, Cuttack - Paradeep, Cuttack-Paradip, Fertilizers, Haridaspur - Paradeep (under constr.), Jagatsinghpur, Jatadhari port (POSCO), Land acquisition, Paradeep port, Paradip - Jatadhari - Kujanga, Petrochemicals, Ports and waterways, POSCO, R & R, REAL ESTATE, Steel 1 Comment »Following are extracted from a report in the Pioneer.
- the State Commerce and Transport Department, in its sanction order-29753, dated May 30, 1970, had allotted 3, 793.21 acres in the first phase and 2285.23 acres in the second phase to the Paradip Port Project. Most of the lands were obtained from Sandhakuda, Bijayachandrapur, Balijhari and Bhitaragara villages, under Kujang Tehsil. According to the official sources, about 6,889 acres of land were supplied to the Paradip Port Trust.
- The State Government had provided 62.19 acres of land to the Paradeep Phosphate Ltd, which is a fertiliser plant that started its project in 1982. The PPL had acquired 405 acres of private lands from Bhitaragada village on its own.
- … in Paradeep-Cuttack railway line 137 acres of land were acquired from the Bhitaragada village.
- Kujang Tehsil had about 1,500 acres of Government land in the Musadiha area that was provided to the Oswal Fertiliser Plant in the year 1995-96. The plant had also purchased about 500 acres of private land from the local people.
- … in 2000 Indian Oil Corporation had purchased 3,300 acres of private land from the local people of 17 villages for its refinery project, which was to be set up on the outskirts of Paradip but the project is yet to come.
- for much-hyped Haridaspur-Paradip Railway Project, widening of the NH-5 and recent expansion of Cuttack-Paradip State Highway, thousands of acres of both Government and private lands have been acquired from Kujang Tehsil.
- Essar, the 6 million tonnes steel plant project, moves for the land acquisition in Paradip and the project needs about 1,950 acres of land. The State Government has already given 350 acres of land to the plant. It will procure the remaining required land from private land.
- Posco has shown a demand of about 4,004 acres of land in Dhinkia, Gadakujang and Nuagaon villages for its steel plant and port project. The State Government has given assurance and has provided Posco most of the encroached Government and forestlands. The rest of the required land would be purchased from private landowners.
6.41 crore plan for Anshupa lake
Bhubaneswar- Cuttack- Puri, Cuttack, Drainage development, Lakes, Water harvesting, Watersheds 1 Comment »Following is an excerpt from a news report in Pioneer.
Ansupa, Orissa’s largest fresh water lake, 70 km from here, is set to be revived at a cost of Rs 6.41 crore. The Finance Commission is funding the first phase of the project, during which the lake’s silt load is being removed.
… Chief Secretary Ajit Kumar Tripathy said the State Government aimed at bringing back both aquatic life and tourists to Ansupa. An existing channel would be revived to facilitate entry of water and trees would be planted on the banks of the lake to check soil erosion, he said, adding that development of ecotourism was an integral part of the project.
The lake previously used to boast of a picture perfect setting between Saranda and Bishnupur hills on the outskirts of the sub-divisional town of Athgarh and was home to migratory birds in winter. It, however, suffered a slow death due to severe erosion around its catchment area, silting and proliferation of algae and hyacinth plants. The lake’s depth has now been reduced to 10 feet from the original 40 feet.
The revival project, being implemented by the District Rural Development Agency, Cuttack, under the Ansupa Area Development Scheme, aims at reopening of the Kabulanala channel on the lake’s south-east side, which used to link it with the Mahanadi till an embankment was constructed on the river a decade back. The floodwaters used to enter the lake from the south-eastern side through the channel and flush out the weeds through a stream, Hulhullanala, which runs into the Mahanadi on the south-western side.
The proposed opening of the channel would revive the natural process of de-weeding as the embankment stalled this natural process and the water entering into the lake could not get released. The heavy silting had set in due to the soil erosion from Saranda hill on the lake’s western side and Bishnupur hill on its north-eastern side due to deforestation. Besides, conversion of the silted area into paddy fields worsened the situation.
Microstate branch of Indian Bank to come up in Bhubaneswar
Banks, Bhubaneswar- Cuttack- Puri, Khordha, Microfinance Comments Off on Microstate branch of Indian Bank to come up in BhubaneswarFollowing is an excerpt from a report in Business Standard.
Indian Bank is set to open four more “Microsate” (a satellite branch for micro loans) branches across the country by the end of 2007, taking the total number to 12. These would come up in Bhubaneswar, New Delhi, Pune, and Bangalore.
The public sector bank was the first bank to introduce exclusive microcredit branches to provide credit to self-help groups (SHGs). It currently has eight exclusive microcredit branches, including the one opened in Chennai (second branch in the city) on Saturday.
According to MS Sundara Rajan, chairman and managing director, Indian Bank, so far 6,982 groups have been provided a credit of Rs 56.42 crore through Microsate branches, which also provide non-credit services like training, counselling and marketing besides catering to the credit needs of the urban poor.
“The bank has so far credit-linked over 2.30 lakh SHGs to the tune of Rs 1,545.48 crore. To meet the needs of the urban poor in Chennai, a Microsate branch was opened in May 2005 in Chetpet. The branch has so far covered over 101,000 families in Chennai. Consequently, six more branches were opened in Patna, Vijayawada, Hyderabad, Nadiad (Ahmedabad), Kollam (Kerala) and Kolkata during the first half of the current fiscal 2007-08,” he said.