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$54.7m World Bank loan for UP plan
The World Bank has extended a loan of $54.7 million to the Uttar Pradesh government for the reclamation of barren lands. Called the `Sodic Lands Reclamation Project', it envisages conversion of 69,000 hectares of barren land into fertile land.
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CII outlines agenda for new government
The Confederation of Indian Industry (CII) secretary general Tarun Das on Monday set the agenda for the new government at the centre "to bring back the government into infrastructure and not only the private sector", to cut the "excise duty", to come out with the "credit policy for April-September" immediately on assumption of power.
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Domestic, foreign firms queue up for NHPC's hydro-electric project in Sikkim
A host of domestic and foreign companies, including Larsen and Toubro (L&T), Jaiprakash Industries, Energy Kvaerner of Norway and Voith Hydro of Australia, have approached the National Hydro-electric Power Corporation (NHPC) for undertaking joint development work of the Rs 2600 crore, 510 MW Teesta V hydro electric project in Sikkim.
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CD, CP rates rise as banks mop up funds
Interest rates on certificates of deposit (CDs) and commercial papers (CPs) are on the rise as banks are mopping up funds for the short term and deploying them in CPs issued in large numbers by the corporate sector.
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