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New Delhi: The Union Budget 2010-11 presented by the Finance Minister Shri Pranab Mukherjee in the Lok Sabha today, provides relief measures to promote clean environment. Clean energy cess on coal produced in India as well as on the imported, will be levied at a rate of Rs. 50 per tonne.

New Delhi: The General Budget 2010-11 has carried forward the process of reforms in tax administration in the country. The citizen-centric initiative “Sevottam” which was launched as a pilot project at Pune, Kochi and Chandigarh, will be extended to four more cities this year.

MANILA, PHILIPPINES - The Government of Luxembourg is committing a further $1.65 million equivalent to the Financial Sector Development Partnership Fund, Asian Development Bank (ADB) said.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is providing up to $300 million through an innovative financing program to help India develop and expand its micro, small, and medium enterprises - the second largest employment sector in the country after agriculture.

New Delhi: The Union Budget this year has claimed to focus on inclusive growth and insuring food security. These concerns for aam aadami have gone hand in hand with credible measures for improving investment climate, strengthening infrastructure and fiscal consolidation. As the country looks to 'quickly revert to high GDP growth path' in the wake of 'uncertain times', concerns for inclusive growth targeting the disadvantaged sections form the defining features of the Budget.

WASHINGTON - The World Bank's Board of Executive Directors has approved an interest-free International Development Assistance (IDA) credit in the amount of US$15 million for the Social Safety Net and Employment Support Project in Bosnia and Herzegovina (BiH).

WASHINGTON - The World Bank Group's Board of Executive Directors has approved a US$250 million Development Policy Loan to the Government of Iraq in support of the country's efforts to mitigate the impact of the current fiscal crisis on the national economy and to support its medium-term economic reform program.

BEIJING - Yesterday the World Bank's Board of Executive Directors approved a loan of $50 million to the People's Republic of China to improve rural wastewater management and township infrastructure in Ningbo Municipality.

WASHINGTON - The World Bank's Board of Executive Directors has approved a US$5 million loan for the Additional Financing for the Armenia Social Protection Administration Project (SPAP). The Additional Financing will expand activities under the ongoing SPAP to further improve the delivery of social protection and employment services by strengthening institutions and better targeting social safety net programs.

WASHINGTON ― The World Bank's Board of Executive Directors has approved a US$7 million credit for the Second Additional Financing for the Social Investment Fund III (ASIF III) Project for Armenia. The Additional Financing will assist the Government of Armenia in its efforts to improve the living standards of the poor and vulnerable groups by expanding labor-intensive infrastructure projects.