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R-Power in talks to sell 15% to foreign investor
Reliance Power Ltd (R-Power), part of the Reliance Anil Dhirubhai Ambani (ADA) group, is in talks with five leading global power companies to sell 15 per cent equity stake in the company.

Large-scale faculty positions in IITs, IIMs
Centrally-funded technical Institutions, including IITs and IIMs, are suffering due to about 25 per cent shortage of faculty, the Lok Sabha was told today.

News of the day

Nifty may move in 4,640-4,900 band
In a week marked by high volatility, markets corrected sharply only to bounce back with greater strength. Last week, it was mentioned that the markets might stage a July-like recovery amid high volatility. Although, markets have bounced back sharply, chances of a full recovery look remote currently. Going forward, one needs to watch the 15,530-15,640 zone for the Sensex as crucial for the current upmove to remain intact. As and when it comes below this level, the index is likely to test its long-term support of 14,800.
International Business

Orissa to issue I-cards to coir and salt workers

The Orissa government plans to issue identity cards to the artisans in the coir sector and the salt workers. A similar process is currently on for the handicraft artisans. - Centre to amend mining law to address iron ore issues - Kandhamal violence blot on Orissa"s face: Chidambaram - Rs 5,658 cr strategy for flood control in Orissa - Orissa demands men, machine and money to tackle Naxals - Posco project likely to be delayed: Orissa govt - NHPC to form JV with Orissa for power projects Since there are a number of schemes being implemented by the government of India (GoI) targeting the artisans and the salt workers, the issue of identity cards will help them to avail the benefits. “The benefits of various schemes can reach the intended beneficiary if he is correctly identified”, a senior official of the state industry department said. Sources said, the actual artisans in the coir sector and the salt workers can benefit from schemes like Namak Majdoor Awas Yojana (NMAY), Rajiv Gandhi Swastha Vima Yojana (RGSVY) and Janashree Bima Yojana (JBY). The NMAY envisages construction of 234 houses in Ganjam and 12 houses in Balasore. Besides, the handicraft artisans are being covered under Janashree Bima Yojana (JBY) and Rajiv Gandhi Swastha Vima Yojana (RGSVY). Under JBY, out of the annual premium of Rs 200, a sum of Rs 60 is contributed by the Development Commissioner (Handicrafts), New Delhi, Rs 100 by the Life Insurance Corporation (LIC) and the remaining Rs 40 by the artisan being covered. However, only 11,673 artisans have availed the benefit under the scheme. The state government has also decided to launch a special drive to issue credit cards to more artisans in the handicraft sector. About 6840 cards were issued in the state to handicraft artisans during the last fiscal.


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