Govt clears 21 FDI proposals

The government has cleared 21 foreign direct investment, proposals worth 1,027 crore rupees. According to a Finance Ministry's statement a total of 47 FDI proposals were taken up by the Foreign Investment Promotion Board, in a meeting held on 20th of last month. The Board deferred decisions on 17 applications and rejected nine. The next meeting will be held on the 20th of this month. Our Correspondent reports that the FDI inflows in the country during April-February 2010-11, dipped by 29 per cent compared to the corresponding period in the last fiscal.

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Centre allocates Rs 60 crore to J&K under RMSA
Central Government has allocated 60 crore rupees under Rashtriya Madhyamic Shiksha Abhiyan (RMSA) to Jammu and Kashmir. The amount is to be utilized for opening new schools and upgradation to High and Higher Secondary Schools with latest infrastructural facilities in every constituency. This was stated by J&K Minister for Revenue, Mr. Raman Bhalla while addressing a public gathering after inaugurating newly upgraded Government High School, Qasim Nagar at Bahu Fort, in the outskirts of Jammu city today. He said that 69 schools would be upgraded under the scheme. The Minister informed that 58 lakh rupees would be spent on construction of additional rooms and 15 lakh rupees for science laboratories in each newly upgraded high and higher secondary schools across the State.