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By Our Special Correspondent
Announcing the decision, the Government spokesperson said a Bill for the purpose would be brought before Parliament during the current session itself. The Cabinet, which met here this evening, also decided to set up national and regional environment authorities and consequently wind up the various authorities and committees that have been set up from time to time to deal with different subjects on environment and forestry. The national authority would be headed by a serving or retired judge of the Supreme Court who would be assisted by a Vice-Chairman, two members and a Secretary. The regional authorities would be set up in Bangalore (for the southern region), Bhopal (central region), Bhubaneswar (eastern region), Shillong (north-eastern region) and Chandigarh (north-western region).The national and regional authorities would have a broad mandate, covering all aspects of environmental protection, conservation and forest management. The national authority would be vested with appellate jurisdiction to hear appeals against orders by the regional authorities.Chaired by the Prime Minister, Atal Behari Vajpayee, the Cabinet meeting also approved a Bill to give effect to the recent announcement of the Finance Minister, Jaswant Singh, to allow NABARD (National Bank of Agriculture and Rural Development) to directly provide loans to district cooperative banks, with a view to reducing the interest rates on crop loans. At present, NABARD provides loans to State-level cooperative credit system at an interest rate ranging from 5.5 to seven per cent and these in turn lend to the district units at a rate ranging from 6.25 per cent to 9.5 per cent and they then give loans to primary cooperative societies at a rate of 12 to 15 per cent.
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