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World Bank offers additional funds for SSA
With government’s flagship Sarva Siksha Abhiyan (SSA) scheme showing encouraging results in expansion of elementary education, the World Bank has come forward with an offer to provide additional funding of $ 500 million (Rs 2,325 cr approx) for the programme.

Govt revises air quality norms; uniform std for all areas
In a major move to check air pollution, the government today revised its norms, putting in place uniform standards for residential and industrial areas.

News of the day

Indirect taxes see 22% fall
The green shoots visible in the economy failed to enhance government revenue with indirect tax collections — comprising customs, excise and service tax — falling almost 22 per cent to Rs 1,26,903 crore in the April-October period this year. It stood at Rs 1,61,954 crore in the corresponding seven months of 2008-09. The overall decline was led by a 32 per cent fall in customs revenue.
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Dadri setback drags Reliance Power

Reliance Power ended with a loss of 3.3% at Rs 145 on the BSE. A total of 1.55 million shares were traded on the BSE. Oil rises on bullish US manufacturing data _______________________________________________________________________ (Updated at 1056 am) Reliance Power has shed weight after the Allahabad High Court quashed Anil Ambani"s Dadri land acquisition. The stock is trading at Rs 146, lower by Rs 4 or 2.7%, on the BSE. It had opened at Rs 145, and has touched a high of Rs 148 and a low of Rs 143 thus far. Reliance Power was planning to set up the largest gas-fired power project in a single location in the world at Dadri in Uttar Pradesh. The Allahabad High Court quashed the Uttar Pradesh government"s earlier notification allowing the use of emergency powers to buy land for the Dadri power project, side-stepping a provision inviting objections from land owners.


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