Kerala - Thiruvananthapuram   

Funding projects through lottery

THIRUVANANTHAPURAM: The Department of Cooperation will launch a lottery, ‘Sahakarana Navaratnam,’ to garner funds for new projects proposed in the cooperative sector, Minister for Cooperation G. Sudhakaran has said.

Mr. Sudhakaran told reporters here on Wednesday that the target was to sell tickets for Rs.50 crore. The cost of a ticket was Rs.50. The first prize would be Rs.2 crore and Rs.5 lakh would be given to 10 persons as second prize. Eight prizes totalling Rs.6.16 crore would be given to 2,65,520 persons.

About 50 per cent of the returns through ticket sales would be distributed as prize money.

A State-level monitoring committee would be formed for conducting the lottery. The proposal was to launch ticket sales in the third week of September and conduct the draw on November 24. Chief Minister V.S. Achuthanandan would inaugurate the lottery.

The proceeds would be utilised for reviving the cooperative societies for women, Scheduled Castes and Scheduled Tribes and the Sahitya Pravarthaka Cooperative Society, strengthening the market intervention efforts and taking up welfare schemes for those who had made significant contributions towards the growth and development of the cooperative sector.

The salary of teaching and non-teaching staff of the Kochi Medical College, six engineering colleges and nursing school under the Cooperative Academy for Professional Education (CAPE) had been revised.

As many as 1,000 employees would be benefited by the revision. The salaries of professors working on contract at the medical college varied from Rs.30,000 and Rs.35,000. The new scale had been fixed between Rs.35,000 and Rs.40,000. The associate professors who had been drawing Rs.22,500 would get Rs.30,000.

The salary of assistant professors who had been drawing between Rs.17,000 and Rs.20,000 had been revised to Rs.23,000 and Rs.26,000 respectively.

MBBS tutors who had been getting Rs.10,000 would get Rs.17,000 and Rs.18,000. The salary of non-medical tutors had been raised from Rs.10,000 to Rs.13,000. Dearness allowance (DA) and house rent allowance (HRA) had been fixed at government rates. Para-medical and non-teaching staff would get a hike ranging between Rs.1,000 and Rs.3,353.

The principals working on contract in engineering colleges would get a hike of Rs.13,000 and lecturers, Rs.2,000. Regular professors would get a hike of Rs.6,780 and lecturers, Rs.4,520. The anomalies in the pay scales of other employees would be rectified and fixed at government rates.

Admissions to the new engineering college at Punnapra in Alappuzha had been completed. Other than Computer Science, Information Technology, Electrical and Electronics, Electronics and Communication, it had been decided to start Civil Engineering next year.

Preliminary steps had been taken for setting up an international business school and a finishing school at Punnapra, he said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Onam with Uthradom Tirunal
Workshops on legislative procedure from September 16
Medical college under ESIC
2,500 teaching posts sanctioned
British MP favours integrated education
Sabarimala commissioner not efficient: Sudhakaran
Funding projects through lottery
New finishing school in Kochi soon
Pension revision applications
Venue shifted
KSHB is consultant
Revenue tower in Kochi soon
‘Seek CJ’s nod for Bench’
No evidence linking Minister’s children with Sabarinath: CB
‘Kaval’ bags children’s film awards
Care home residents celebrate Onam
Decks cleared for action against encroachments
Cultural fete begins

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu