Nabard website says birds bankable, economic value of a pair Rs 16 lakh

The Union government was giving interest-free loans to ‘entrepreneurs’ setting up emu farms, which have now turned into a multi-crore scam in Tamil Nadu. These loans were granted under the central government’s Poultry Venture Capital Fund and were routed through the National Bank for Agriculture and Rural Development (Nabard) and commercial banks. Though the scheme was for all poultry, emus find a mention in the scheme documents and several emu farms in southern states, including Tamil Nadu, have availed themselves of loans under these schemes, say officials.

Files fresh notification under the Cyprus treaty unperturbed by fall in CIL stock’s dollar value

UK-based hedge fund The Children’s Investment Fund (TCI) has dropped the charges against the environment and forests ministry from its legal proceedings under the India-Cyprus investment treaty. In March, it had initiated legal proceedings against the government of India under the treaty, after the coal ministry did not respond to its concerns over coal pricing and management of state-run Coal India Ltd (CIL). While the government owns 90 per cent in CIL, TCI holds a little over one per cent.