Tuesday, May 15, 2012

Sathyamangalam announced to be a tiger reserve

 The government decided to create a new tiger reserve spread over 1.40 lakh hectares from the present sanctuary limits. It will be the fourth tiger reserve in Tamil Nadu. The State has three tiger reserves in Mudumalai, Anaimalai and Kalakad-Mundanthurai. The tiger count in the State at present is 163.
The Tamil Nadu State Government decided to set up a forest research centre at Vandalur Arignar Anna Zoological Park at a cost of Rs.34.24 crore with the State's own funds. This would be expanded with financial assistance from the Centre and upgraded to a Rs.74.37 crore research facility.

Monday, May 14, 2012

Sikkim won the Best State Award for Strengthening the Panchayati Raj Institutions


Sikkim, won the best state award for strengthening its panchayati raj institutions. The northeastern
state bagged the five prestigious national awards worth of 1.36 crore rupees, at a Panchayat Raj Day(April 23) function held at Vigyan Bhawan in New Delhi. Union rural development minister Jairam Ramesh and Union minister of panchayati raj and tribal development V Kishore Chandra Deo presented the 2011-12 Panchayat Empowerment & Accountability Incentive Scheme (PEAIS) award to Sikkim's rural management and development minister CB Karki. The Panchayat Empowerment & Accountability Incentive Scheme (PEAIS) is a Central Sector Plan Scheme which is being implemented by the Ministry of Panchayati Raj since 2005-06. The scheme had an allocation of 5 crore for 2005-06, which was raised to 10 crore rupees for the subsequent years.

Moody's downgrades LIC and three private banks


Moody's downgrade of LIC is a result of LIC's recent investments in state owned companies like ONGC(Oil  and Natural Gas Corporation). LIC lost its higher rating as Moody’s downgraded it from Baa2 to Baa3, although it kept the outlook stable. 
Moody's also downgraded three private sector banks, ICICI Bank, HDFC Bank and Axis Bank  to D+ from C- to align their rating with that of the country.  
The standalone bank financial strength rating (BFSR) of ICICI Bank, HDFC Bank and Axis Bank are revised down to D+ from C-, which now maps to a baseline credit assessment (BCA) of Baa3 from Baa2 on the long-term scale.

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