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Economy News : Indian-commodity.com

Wednesday, October 10, 2007

CCEA Okays Extension Of RGGVY In 11th Plan

The government approved continuation of the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) in the 11th Plan at an estimated cost of Rs 28,000 crore.

The Cabinet Committee on Economic Affairs (CCEA) today gave its approval to the continuation of the RGGVY in the 11th Plan. It was noted that the Planning Commission had made an allocation of Rs 28,000 crore for the scheme, Finance Minister P Chidambaram said.

He said the government proposes to electrify 1 lakh villages and 2.3 crore households by 2009 while the remaining villages and households would be covered by 2012. Currently, 235 projects are being implemented under the RGGVY at an estimated cost of Rs 13,000 crore.

In another decision, the CCEA approved modernisation of iron ore handling facilities at the outer harbour of the Visakhapatnam Port, involving an investment of Rs 185.15 crore. The decision, he said, will enable the port to handle higher traffic leading to increased revenue for the port in addition to improving the productivity and efficiency in handling iron ore by the port.
Posted by Indian-commodity at 11:14 AM

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