FM may close down many schemes
New Delhi: The Finance Ministry wants to scrap 120 central sector schemes in the coming 11th Five Year Plan which may to a number of people losing jobs.

The 120 centrally sponsored schemes worth Rs2,179.83 crores, currently operational in the 10th Plan may not be allowed to spill over into the 11th Plan said senior government sources.

The Finance Ministry has proposed a budgetary allocation of Rs50 crore for the Department of Expenditure, which would be used in relocation of manpower and meeting the establishment expenditure, till the schemes are wound up, sources said. This will ensure that no funds are made available for schemes scheduled to close down at the end of the 10th Plan, sources said.

According to the existing guidelines on relocation of manpower, the employees who would be rendered surplus following closure of the schemes would be put in the Surplus Cell of the government for a year and the ministries would be asked to accord preference to them while ascertaining their manpower needs. If after a year they remained unemployed, then they could be forcibly retired.
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Railways expect record earnings by March end
Nagpur: The Central Railways is expected to achieve an increase of Rs 600 crore in earnings at the end of current financial year senior railway officials said

"By March-end 2007, Central Railways will have a revenue collection of over Rs5,400 crore,"

CR general manager V K Kaul told a press conference here last night.

He said freight earnings were up 32 per cent and passenger earnings by 25 per cent. The most important operating ratio has come down to Rs85 (rupees spend on earning Rs100), he asserted.
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AP plans micro hydel projects in backward areas
Hyderabad: The Andhra Pradesh Government plans to set up 16 micro hydel projects, each of 1 MW or more, in the identified tribal areas for meeting the energy needs of tribals.

The State is taking up a range of energy programmes that include solar energy (interior village electrification projects), Biomass (in which Andhra Pradesh is the leader in India), Biofuels (tree-borne non-edible oils), energy from waste and the micro hydel projects.
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