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Dish TV: Timely move
The $100-million (Rs 470-crore) equity infusion through issue of global depository receipts (GDRs) to US-based buyout specialist Apollo Management and Rs 410 crore expected from the third tranche of its rights issue should help India’s largest direct-to-home (DTH) service provider, Dish TV, increase its subscriber base and post an improvement in performance.

NTPC to launch 4,000 Mw plant work by January
The power situation is expected to see a dramatic change once the Kudagi thermal power plant goes operational. The foundation stone for the thermal plant near Basavana Bagewadi in Bijapur district will be laid in January next. The National Thermal Power Corporation has approved the proposal for setting up the coal-based 4,000 Mw plant at its meeting held in New Delhi on November 27.

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Torrent Power cuts fuel surcharge by 1 paise
Torrent Power, the private sector power company that distributes power to Ahmedabad, Gandhinagar and Surat has reduced fuel surcharge by only 1 paise per unit. This means there will be no significant relief in power bills of consumers in the third quarter of 2009-10.
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Nabard launches six projects in Karnataka

The National Bank for Agriculture and Rural Development (Nabard), which recently increased the corpus of its Tribal Development Fund (TDF) to Rs 600 crore, has launched six projects for the integrated development of tribals in Karnataka. - NABARD opens Rs 102-crore credit line to UP - Nabard launches six projects in state - Now, Nabard to cover micro entrepreneurs, artisans - Auto, power and banks pay more advance tax in Q3 - RBI launches awareness programme in North East - State gets Rs 431 cr from Nabard for rural infrastructure Nabard has launched its popular ‘Wadi’ (means garden) programme, a tree-based farming system, in six places in the state at Pavagada in Tumkur district, Gundlupet in Chamarajanagar district, Bagepalli in Chikballapur district, HD Kote in Mysore district, Challakere in Chitradurga district and Raichur. Nabard will spend Rs 18.7 crore on implementation of this programme, said Venkatesh Tagat, chief general manager, Nabard. “The main objective of the programme is to achieve sustainable development of the poorest of the tribal families through a combination of interventions. As part of this programme, we will provide financial grant to 1,000 tribal families in each of the six places for six years. We will monitor it to see that by end of the programme the tribal families start earning their livelihood,” Tagat told Business Standard. The agriculture credit organisation had started the TDF with a corpus of Rs 50 crore in 2004 to uplift the tribal population, which constitutes 8 per cent of the national population. The integrated tribal development projects through the ‘Wadi’ approach were first launched in Gujarat with a sponsorship from KfW of Germany and later extended to parts of Maharashtra. Wadi is a combination of fruit crops suitable to the area, with forestry species on the periphery of the land holdings. Two or more tree crops are selected in the ‘Wadi’ model to minimise biological and marketing risks. While the fruit plants generate income after 4-5 years, the forestry species provide a fence and also act as a shelter belt. Under the tribal development programme, Nabard has so far released Rs 3.87 crore. A major work that has been taken up is in the Pavagada area, where tribal families have been assisted to plant 30,000 mango saplings over 860 acres. The tribals will also be encouraged to use modern fertiliser and seeds for agriculture activities apart from planting trees, Tagat said. The projects under TDF will be implemented through community-based organisations or non-government organisations that have sound managerial and financial capabilities and that are registered and are working in the project area. The tribals will also be encouraged to take up plantation of cashew, sapota, aonla along with multi-purpose fast growing forestry species in their areas. Other interventions include income generation activities for landless, women development, micro enterprises development for landless families and, health and drudgery reduction among others, Tagat said.


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