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World Bank, ADB to give $313 mn to cyclone-hit Odisha

World Bank, ADB to give $313 mn to cyclone-hit Odisha

To take up restoration and rehabilitation activities in cyclone Phailin hit areas, the World Bank and the Asian Development Bank have assured a financial assistance of $313 million to Odisha government. Representatives of the two international funding agencies met the State Chief Minister Naveen Patnaik in the capital Bhubaneswar on November 13.

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Dip in Railways’ October freight load

Dip in Railways’ October freight load

For Indian Railways, October proved to be a bad month in freight loading. There was a drop of 1.67 million tonne during the month. The reason was major freight loading zonal railways were hit by the inclement weather, particularly cyclone Phailin.