Banking - Yojana

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UNDP Grant for Chhatisgarh
( Development Diary)
The Chhatisgarh government will receive a grant
ofRs. 5 crore under the United Nations Development
Programme for development in various sectors. The
fund willprimariIiy be used in seven sectors, including
drafting of 'vision document' and various places of
the state, preparation of human resource report,
training of officers, welfare of tribal people and
backward classes, implementation of information
technology for the uplift of the economically back
ward sections of the society and drought control
measures.
NTPC's New Plant
NTPC has launched recently its super thermal
power stage-II to produce 1320 MW. The project is
likely to be ready for commissioning in 36 months.
This plant willfeed the northern, western and eastern
regions. During the VIII and IX Plans only 40 to 45
percent of generation target could be met, but by the
end of X Plan, the generation is likely to go up to
40,00 MW.
50
Garment Exports Up
India's export of ready-made garments increased by
almost 11 percent in value terms during April 2002 at
$ 324 million over the same period last year. As per
provisional data compiled by the Apparel Export
Promotion Council (AEPC), ready-made garment
exports were higher by 10.9 per cent in value terms
compared to $ 292.2 million in April 2001. In terms of
quantity, exports in April 2002were 16.8percent higher
at 94 million pieces compared to 80.8 million pieces in.•
the same month a year earlier. Exports in rupee termSW'
increased by over 16 per cent at Rs. 1587.3 crore
compared to Rs. 1368.9 crore a year earlier.
Software Exports Up
India's soft\vare and services exports grew by 29 p~r
cent during 2001-02 to Rs. 36,500 crore and are
expected to grow 30 per cent to touch Rs.47,500 crore
this year. The growth of 29 percent in rupee terms is
one percentage point lower than the rate projected by
NASSCOM. In dollar terms, the growth during 2001-
02 was 23 percent while for the current fiscal,
NASSCOMhas projected a growth rate of23.5 percent.
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