Govt clarifies on Auction of Tungsten Block of Tamil Nadu (See 'Corp Brief') ESIC upgrades IT Systems to improve Service Delivery Mechanism (See 'Corp Brief') A&C - Scope of examination in application u/s 8 is limited to prima facie examining validity and existence of arbitration agreement: HC (See 'Legal Desk') Sonowal lays Foundation Stone of developmental projects in Dibrugarh (See 'Corp Brief') PMLA - If trial is not expected to end soon and delay is not attributable to accused, then keeping accused in custody by using Sec 45 PMLA as tool for incarceration, is not permissible: HC (See 'Legal Desk') SAIL wins 8 national awards for communication excellence (See 'Corp Brief') PMLA - Order passed by Adjudicating Authority is just interim order and step to protect which need no interferance: SAFEMA (See 'Legal Desk') PM addresses Rojgar Mela through video conferencing (See 'Corp Brief') IBC - Moratorium declared u/s 14 of IBC, 2016 will not extinguish any claim: SC (See 'Legal Desk') Minister reviews Urban Development Sector of Lakshadweep (See 'Corp Brief') Misc - Seller can raise ground of 'hardship' in performance of contract, only if it is established by cogent evidence that he/she was unable to foresee hardship at time of entering into contract: SC (See 'Legal Desk') IREDA bags Triple Honours at 14th PSE Excellence Awards (See 'Corp Brief') FEMA - Investigations lingering in limbo for extended period can't serve as tool to indefinitely impede any company's legitimate business activities: HC (See 'Legal Desk') National Consumer Day: App to protect Consumers from Dark Patterns (See 'Corp Brief') IBC - If secured creditor fails to pay liquidation costs within 90 days after its intention to realise security interest, then security interest shall stand relinquished: NCLAT (See 'Legal Desk') Minister reviews of Power and Urban Development Sector of Kerala (See 'Corp Brief') Capital Market - Act of underwriting by merchant banker is not restricted to only such securities that remain unsubscribed in primary issuance, but to sale of securities too: SEBI (See 'Legal Desk') Necessary to plan early for pension, ANI may create awareness: DFS Secretary (See 'Corp Brief') A&C - Arbitral tribunal retains limited jurisdiction to clear errors or issue clarification on award passed even after becoming functus officio, after passing of award: SC (See 'Legal Desk') PLI Scheme reshaping Industries: Govt (See 'Corp Brief') Misc - Prolonged occupancy, financial investment, and authority's inaction do not legitimize unauthorized structures: SC (See 'Legal Desk') Patil inaugurates Climate Smart Agro-Textile Center in Gujarat (See 'Corp Brief') Competition - 2021 policy WhatsApp update on 'take- it-or-leave-it' basis constitute imposition of unfair condition; It compels users to accept expanded data collection terms and its sharing within Meta Group without any opt out: CCI (See 'Legal Desk') Roadshow on First-ever Offshore Areas Mineral Blocks Auction held in Gujarat (See 'Corp Brief') SARFAESI - Obtaining in-principle approval from company's shareholders, as required u/s 62(1)(c) of Companies Act, 2013, is mandatory before allotting shares to any person: SC (See 'Legal Desk') House Panel discusses on Green Initiatives of Coal Sector (See 'Corp Brief') IBC - Karnataka HC refrains operational creditors from proceeding with CoC against corporate debtors, finding that NCLT has resumed hearings which was pending vide interim order: HC (See 'Legal Desk') TRAI releases recommendations on assignment of addl spectrum to Railways (See 'Corp Brief') IPR - Once it is concluded that claims are patent ineligible, it is not necessary to deal with other grounds of decision, such as lack of inventive step: HC (See 'Legal Desk') ADB's USD 350 mn policy-based loan aim to expand India's manufacturing sector (See 'Corp Brief') Capital Market - SEBI can't initiate proceeding as soon as Suspicious Transaction Report is issued from financial intelligence unit without getting it analysed: SEBI (See 'Legal Desk') DRDO, IIT Delhi & Industry sign 10 tripartite agreements (See 'Corp Brief') PMLA - Apex Court grants bail to former West Bengal Education Minister and MLA Partha Chatterjee in money laundering case arising out of recruitment scam: SC (See 'Legal Desk')

India, ADB sign USD 50 mn loan for water harvesting in Meghalaya

Published: Dec 06, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 06, 2024: THE Government of India and the Asian Development Bank (ADB) yesterday signed a USD 50 million loan aimed at enhancing water security by constructing water-harvesting systems to improve access to water and reducing community vulnerability against climate change impacts in Meghalaya.

The signatories to the loan agreement for the Climate-Adaptative Community-Based Water-Harvesting Project in Meghalaya were Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, for the Government of India, and Mio Oka, Country Director of ADB's India Resident Mission, for ADB.

After signing the loan agreement, Mukherjee stated that the project aligns with the Meghalaya State Water Policy (MSWP) 2019, which seeks to achieve sustainable development, management, and utilisation of the state's water resources through a participatory approach, reduce vulnerability, and promote integrated water resource management.

"Beyond financing, ADB's value addition will involve assisting the state in implementing the MSWP and providing guidance on integrating climate adaptation measures into water security plans. This includes designing water harvesting systems (WHS) to support agriculture, fisheries, horticulture, water supply, and other productive livelihoods for economic development", Oka said.

The project will help develop a state-wide WHS master plan considering micro catchment areas and disaster risk management. This will guide the creation of water security plans at the village level to be managed by the village employment councils, watershed management committees and water users' associations.

The project will support the construction of 532 small water-storage facilities across 12 districts. These facilities will incorporate climate-resilient designs to capture and manage heavy rainfall and flash floods during monsoon season. The stored water shall improve water security during the dry season. The project will develop 3,000 hectares of command area to provide reliable irrigation areas for farmers. It will establish 50 weather stations for climate data gathering and monitoring, and micro-irrigation systems in Garo, Jaintia, and Khasi regions. The project will also pilot-test renewable energy micro-hydropower in three WHSs.

ADB will help strengthen the capacity of the Meghalaya State Watershed and Wasteland Development Agency and the Soil and Water Conservation Department in water management, operation, and management. In addition, the project will train farmers, especially women, to increase livelihood productivity in irrigated agriculture such as horticulture and fishery techniques.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members-49 from the region.

TIOL CORP SEARCH

TIOL GROUP WEBSITES