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Govt steps to bring down pendency of court cases by 2011
Weighed down by a whopping 3.5 crore pending cases in courts nationwide, the Government today proposed a National Arrears Grid to compile accurate data and appoint high court and lower court judges temporarily to bring down 15-year delays in justice delivery to three years.

Markets extend gains
The Sensex has extended gains and touched a high of 17,554 - up 90 points. The Nifty is up 30 points at 5,231.

News of the day

Emami raises Rs 310 crore through QIP issue
Kolkata-based FMCG major Emami Limited has approved the qualified institutional placement (QIP) issue of 100,00,000 equity shares of Rs 2 each at the issue price of Rs 310 per equity share, aggregating to an issue size of Rs 310 crore.
Small Business

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. - WB"s additional $500 mn funds for SSA - A clean, free-flowing Ganga by 2020: Government - World Bank approves NCRMP - Govt to spend Rs 15,000 cr for "a clean, free-flowing Ganga" - Rs 20,120-cr capex projected for upgrade of power units - Deepak Lal: Remembrance of things past">Deepak Lal: Remembrance of things past The World Bank has proposed the government to provide the money as soft loans to be paid over a period of 35 to 40 years with lesser interest. The World Bank had provided soft loan of $ 600 million (Rs 2,790 cr approx) for the scheme which aims at universalisation of elementary education. At present 99 per cent of the habitations in the country have got a primary school. Under the SSA, 270,000 schools have already been operationalised.


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