What is the News?
The Government of India is planning to set up a National Interlinking of Rivers Authority(NIRA).
About National Interlinking of Rivers Authority(NIRA)
NIRA is supposed to be an independent autonomous body for planning, investigation, financing and the implementation of the river interlinking projects in the country.
Headed by: The authority is to be headed by a Government of India Secretary-rank officer.
Who will it replace? NIRA will replace the existing National Water Development Agency (NWDA).
Functions of NIRA
Firstly, it will coordinate with neighbouring countries and concerned states and departments on river interlinking projects.
Secondly, it will have powers on issues related to the environment, wildlife and forest clearances under river linking projects and their legal aspects.
Thirdly, it will have the power to raise funds and act as a repository of borrowed funds or money received on deposit or loan given on interest.
Lastly, it will also have the power to set up a Special Purpose Vehicle (SPV) for individual link projects.
Source: This post is based on the article “Centre proposes setting up new body for river-linking projects in India” published by Indian Express on 16th November 2021.
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