Maharashtra State Water Policy, 2003

Similar documents
What does Y.3001 say?

Going Up Against Time

3URGXFW,QIRUPDWLRQ. Document No Edition 03/2001 &6%5$66

Copyright. Disclaimer. Safety Instructions !!! !!!!" !!! #!# # " $ #! % !# #! " ' ( ) # * ( ) $ +, $ ' $' " ! " - ' # $ #! # . / $!( $ $ 1" !" 2!

Seize the State, Seize the Day

0DUFK. .H\ZRUGV %RDUGV JRYHUQDQFH GLVWULEXWLYH FRQoLFWV XOWLPDWH RZQHUVKLS -(/ &OVVLILFDWLRQ * /

INTUITIVE DESIGN METHOD (IDM), A NEW APPROACH ON DESIGN METHODS INTEGRATION

WHU IRU (FRQRPLF DQG %XVLQHVV 5HVHDUFK ZZZFHEUGN (PDLO PEHFR#FEVGN :(% KWWSZZZFEVGN VWDmPRUWHQEHQQHGVHQ

1791 Discrete I/O AC and DC Block I/O Input and Output Modules User Manual

62&&(5$/,&( 3$75,&.5$0(5 -($1&+5,6723+(=8))(5(<

MicroLogix 1200 Programmable Controllers

Privacy, time consistent optimal labor income taxation and education policy

About the Representative System

Privatizations in Developing Countries and the Government s Budget Constraint Emmanuelle Auriol, Pierre M. Picard

Measuring Inequality by Counting Complaints : Theory and Empirics. Kurt Devooght Katholieke Universiteit Leuven

Computer-Aided Product Development

The Dynamics of Local Employment in France

Inequality, Redistribution and Rent-Seeking. Francisco Rodríguez C. Department of Economics University of Maryland College Park, MD 20742

On the Political Economy of Housing's Tax Status

Distributed Power System SA500 Drive Diagnostics, Troubleshooting, and Start-Up Guidelines

Luxembourg Employment Study Working Paper Series

Discussion Paper No. 2002/21 The Poverty Elasticity of Growth. Rasmus Heltberg

Microsoft Azure StorSimple Appliance 8600 Hardware Installation Guide

An Object-Oriented Approach to File Management within a SAS AF Application

3RLQW5HSUHVHQWDWLRQRI6SDWLDO2EMHFWVDQG4XHU\:LQGRZ([WHQVLRQ $1HZ7HFKQLTXHIRU6SDWLDO$FFHVV0HWKRGV

The Oxygen TM VX1-1600SW Graphics Accelerator User s Guide. 3Dlabs, Inc. 480 Potrero Avenue Sunnyvale, CA

IRREVERSIBLE INVESTMENTS AND REGULATORY RISK

EPRU. The Taxation of Married Couples in OECD Countries: A Need for Reform? Henrik Jacobsen Kleven and Claus Thustrup Kreiner ISSN

UHFRYHU\ WHFKQLTXH PD\ EH XVHIXO LQ GDWDEDVHV ZLWK PXOWLSOH VHWV RI ORJLFDOO\

6300 Series Inserter OPERATOR MANUAL SECOND EDITION

Practical Geostatistics Isobel Clark. William V Harper

TAXATION OF A VENTURE CAPITALIST WITH A PORTFOLIO OF FIRMS

Forecasting Volatility using LINEX Loss Functions

SOCIAL INTERACTIONS IN UNEMPLOYMENT

8m Gravity column. X4 Moment frame. X3 X2 20 m

Efficient Contracting and Fair Play in a Simple Principal-Agent Experiment

7UDIILF*HQHUDWRUIRUDQ2QOLQH6LPXODWRU

IT Investment and Hicks' Composite-Good Theorem: The U.S. Experience

BANK OF FINLAND DISCUSSION PAPERS

Chapter 1 Introduction Who should read this handbook What the chapters describe Other documents...1-2

Multiobjective Network Design Optimisation Using Parallel Evolutionary Algorithms

DEPARTMENT OF ECONOMICS

WORKING PAPER SERIES

This directory contains the controller (with associated Simulink and MATLAB files) for the experiment called:

COMPETING FOR FOREIGN DIRECT INVESTMENTS: A REAL OPTIONS APPROACH

DIGITAL WORKSPACE... Ignite your brand! File Routing & Collaboration. Basic Approver Guide 5.0 V1

WORKING PAPER NO. 78 INVESTMENT AND MONETARY POLICY IN THE EURO AREA BY BENOIT MOJON, FRANK SMETS AND PHILIP VERMEULEN

BANK OF FINLAND DISCUSSION PAPERS

Multi-Unit Auctions with Complementarities: Issues of Efficiency in Electricity Auctions. Wedad J. Elmaghraby

ZH FRQQHFW $SROOR3UR$

The Colchis Black Sea Littoral in the Archaic and Classical Periods

WORKING PAPER NO. 274 INTERPRETING IMPLIED RISK-NEUTRAL DENSITIES: THE ROLE OF RISK PREMIA PETER HÖRDAHL, DAVID VESTIN

User Guide for. Increase Sales. Reduce Abandoned Calls. Increase Service. Increase Agent Productivity. Reduce Operating Expenses. Reduce Time in Queue

Product Trader INTENT ALSO KNOWN AS MOTIVATION

'RZQKLOO&RPPHUFLDO9HKLFOH6LPXODWLRQV²3DUW$ 7UDFWRU6HPLWUDLOHU%UDNH)DGH

"Did we overestimate the value of health?"

working Indeterminacy and Stabilization Policy by Jang-Ting Guo and Kevin J. Lansing FEDERAL RESERVE BANK OF CLEVELAND

COOLED AIR FREECOLING AIR CONDENSER SECTION AIR AIR TO BE COOLED

Working Papers Series

MEASURING MONETARY POLICY IN OPEN ECONOMIES

Non-destructive testing of steel tubes Ð

Non-destructive testing of steel tubes Ð

(QTOU&KCIPQUVKE6GEJPKSWGU #P1TCENG6GEJPKECN9JKVG2CRGT,WPG

(Cat. No DMC, -DMC1, -DMC4, and -DXPS) User Manual

SideKick. Operator's Manual. for PRENTKE ROMICH COMPANY

The manumission inscriptions from Lemnos: some news

WORKING PAPER NO. 58 BUSINESS CYCLE ASYMMETRIES IN STOCK RETURNS: EVIDENCE FROM HIGHER ORDER MOMENTS AND CONDITIONAL DENSITIES

DISCUSSION PAPER SERIES

7HDFKLQJ&RPSXWHU$UFKLWHFWXUH2UJDQLVDWLRQXVLQJVLPXODWRUV

Experimental Results on Bargaining Under Alternatives Property Rights Regimes

$33/,&$7,216 ([WUHPH UHOLDELOLW\ DQG VLPSOLFLW\ PDNH WKH 6* %:6 FRQWURO XQLWV WKH LGHDO VROXWLRQ IRU WKH IROORZLQJ DSSOLFDWLRQV

Discussion Papers Department of Economics University of Copenhagen

NBER WORKING PAPER SERIES A RENT-PROTECTION THEORY OF CORPORATE OWNERSHIP AND CONTROL. Lucian Arye Bebchuk

,QWHUQDWLRQDO7HFKQRORJ\ 5RDGPDSIRU 6HPLFRQGXFWRUV 8SGDWH. Overall Roadmap Technology Characteristics

From Market Micro-structure to Macro Fundamentals: is there Predictability in the Dollar-Deutsche Mark Exchange Rate?

INSTALLATION SUPPLEMENT

Smart Motor Manager DeviceNet Communication Card

6LHPHQV 1L[GRUI 3ULPHUJ\ 8VLQJ0LFURVRIW64/6HUYHU (QWHUSULVH(GLWLRQ DQG0LFURVRIW:LQGRZV17

Pushing SAS/AF and FRAME Entries in MVS to the Limit: The USEPA's AIRS Graphics System

Costly Information Acquisition and Delegation to a Liberal Central Banker

MODULAR SAFETY INTEGRATED CONTROLLER

USER S MANUAL. 3G3IV-PSIG Wired SYSMAC BUS Interface Card for SYSDRIVE 3G3FV Inverter

A Conceptual Model for Pervasive Computing

6HULDO&RPPXQLFDWLRQV 2YHUYLHZ &RQWHQWV

Reihe Ökonomie / Economics Series, Institut für Höhere Studien (IHS), No. 73

ÔÈÍÀÍÑÎÂÛÉ ÊÐÈÇÈÑ 1998 ÃÎÄÀ Â ÐÎÑÑÈÈ: ÈÑÒÎÊÈ È ÈÒÎÃÈ

1769 Compact I/O Power Supplies and Communication Bus Expansion Cables

MONAD: A Flexible Architecture for Multi-Agent Control

VIDEO IMAGE PROCESSING TO CREATE A SPEED SENSOR

LEGAL AND ADDITIONAL INFORMATION

Larson Software Technology, Inc.

Chapter 1 Overview. Introduction 1-2. Specification 1-9. Application of the DX

Enhancing the DiffServ Architecture of a Simulation Environment

Particle Physics 3+< ' $FRVWD

CRs for 04.08, SMG3 WPA, Phase 2+, Release 96, Non-Strategic

Operator manual. Simrad SP270 Fishery sonar. A L W A Y S A T T H E F O R E F R O N T O F T E C H N O L O G Y

LEANER AND GREENER DELIVERING EFFECTIVE ESTATE MANAGEMENT. A report by the Westminster Sustainable Business Forum. Westminster. Forum.

2 Using the Win32. File System and Character I/O

Vocia. VA-8600/VA-8600c. Manual

Environmental Laboratory

Transcription:

Maharashtra State Water Policy, 2003 This document is available at ielrc.org/content/e0306.pdf For further information, visit www.ielrc.org Note: This document is put online by the International Environmental Law Research Centre (IELRC) for information purposes. This document is not an official version of the text and as such is only provided as a source of information for interested readers. IELRC makes no claim as to the accuracy of the text reproduced which should under no circumstances be deemed to constitute the official version of the document. International Environment House, Chemin de Balexert 7, 1219 Geneva, Switzerland +41 (0)22 797 26 23 info@ielrc.org www.ielrc.org

6HFWLRQ 0$+$5$6+75$67$7(:$7(532/,&<,1'(;,WHPV 3DJH 1R 1HHGIRUWKH0DKDUDVKWUD6WDWH:DWHU3ROLF\ 0DKDUDVKWUD6WDWH:DWHU3ROLF\ 2EMHFWLYHVRIWKH0DKDUDVKWUD6WDWH:DWHU3ROLF\,QWHJUDWHG0XOWLVHFWRUDODQG5LYHU%DVLQ$SSURDFK 6WDWH:DWHU3ODQ :DWHU5HVRXUFHV 8VHUV 3DUWLFLSDWLRQ LQ 3ODQQLQJ DQG 'HYHORSPHQW DQG 0DQDJHPHQWRI:DWHU5HVRXUFHV )DUPHUV 0DQDJHPHQWRI,UULJDWLRQ6\VWHPV :DWHUIRU'RPHVWLFDQG,QGXVWULHV8VH &RPPXQLW\0DQDJHPHQWRI'ULQNLQJ:DWHU6XSSO\DQG6DQLWDWLRQ 3DUWLFLSDWLRQRIWKH3ULYDWH6HFWRU :DWHU4XDOLW\ 0RQLWRULQJDQG,QIRUPDWLRQV\VWHPV %HQFKPDUNLQJRI:DWHU5HVRXUFHV3URMHFWV :DWHU$XGLW &RQVHUYDWLRQRI:DWHU 'URXJKW0DQDJHPHQW :DWHUVKHG'HYHORSPHQWDQG0DQDJHPHQW :DWHU5HVRXUFHV3ODQQLQJDQG3ULQFLSOHVWKHUHRI 3ULRULW\RI:DWHU8VDJH :DWHU8VH(QWLWOHPHQWV 7UDQVIHUVRI:DWHU(QWLWOHPHQWV 3K\VLFDODQG)LQDQFLDO6XVWDLQDELOLW\RI:DWHU5HVRXUFH8VHDQG 'HYHORSPHQW %XON:DWHU6XSSO\DQG:DWHU&KDUJHV *URXQGZDWHU'HYHORSPHQW 5HVHWWOHPHQWDQG5HKDELOLWDWLRQ :DWHU=RQLQJ )ORRG&RQWURODQG0DQDJHPHQW 0DLQWHQDQFHRI,QIUDVWUXFWXUH)XQFWLRQV &RVWHIIHFWLYHQHVVRI6WDWH:DWHU6HUYLFHV )LQDQFLDODQG3K\VLFDO6XVWDLQDELOLW\,QYHVWPHQW3ULRULWLHVDQG3ODQV 6DIHW\RI:DWHU5HVRXUFHV,QIUDVWUXFWXUH 5HVHDUFK'HYHORSPHQWDQG3URPRWLRQRI6WDWHRI$UW7HFKQRORJ\ LQ:DWHU6HFWRU +XPDQ5HVRXUFH'HYHORSPHQW 3HULRGLFDO5HYLHZRI3ROLF\

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

:DWHU5HVRXUFHV3ODQQLQJDQG3ULQFLSOHVWKHUHRI 7KH ZDWHU UHVRXUFHV RI WKH 6WDWH VKDOO EH XVHG FRQVHUYHG DQG PDQDJHGWRSURYLGHWKHPD[LPXPHFRQRPLFDQGVRFLDOEHQHILWIRUWKH SHRSOHRIWKH6WDWHDQGLQDPDQQHUWKDWPLQLPLVHVUHJLRQDOLPEDODQFH DQG PDLQWDLQ LPSRUWDQW HFRORJLFDO YDOXHV ZLWKLQ ULYHUV DQG DGMRLQLQJ ODQGV$OODJHQFLHVRIWKH6WDWHVKDOOFRRSHUDWHLQWKHSURYLVLRQRIWKH RSWLPXP LQWHJUDWHG EHQHILW WR EH GHULYHG IURP WKH 6WDWH V :DWHU UHVRXUFHV :DWHU UHVRXUFH GHYHORSPHQW SURMHFWV DQG SURJUDPV VKDOO EH SODQQHG DQGIRUPXODWHGWDNLQJLQWRDFFRXQWWKHIXOOUDQJHRIFRVWVDQGEHQHILWV LQFOXGLQJHFRQRPLFHQYLURQPHQWDOVRFLDODQGRIIVLWHRUH[WHUQDOFRVWV DQGEHQHILWV:DWHUUHVRXUFHGHYHORSPHQWSURMHFWVDQGSURJUDPVWKDW PD[LPL]HEHQHILWVDQGPLQLPL]HFRVWVDQGDUHHFRQRPLFDOO\YLDEOHDQG WHFKQLFDOO\IHDVLEOHZLOOEHXQGHUWDNHQ 7KHSODQQLQJRISURMHFWVLQKLOO\DUHDVVKDOOWDNHLQWRDFFRXQWWKHQHHG WR SURYLGH DVVXUHG GULQNLQJ ZDWHU SRVVLELOLWLHV RI K\GURSRZHU GHYHORSPHQWDQGWKHSURSHUDSSURDFKWRLUULJDWLRQLQVXFKDUHDVLQWKH FRQWH[WRISK\VLFDOIHDWXUHVDQGFRQVWUDLQWVRIWKHEDVLQVXFKDVVWHHS VORSHVUDSLGUXQRIIDQGWKHLQFLGHQFHRIVRLOHURVLRQ7KHHFRQRPLFDO QRUPVRISURMHFWVLQVXFKDUHDVKDOOEHGLIIHUHQWWKDQWKHQRUPVLQWKH QRUPDODUHD :DWHU UHVRXUFHV GHYHORSPHQW SURMHFWV VKDOO EH SODQQHG DFFRUGLQJ WR SUHVHQW DQG IXWXUH DYDLODELOLW\ ZLWK EDVLQVXEEDVLQ DV D XQLW IRU GHYHORSPHQW 7KH ZDWHU UHVRXUFHV DYDLODEOH WR WKH 6WDWH VKDOO EH EURXJKW ZLWKLQ WKH FDWHJRU\ RI XWLOLVDEOH UHVRXUFHV WR WKH PD[LPXP SRVVLEOH H[WHQW 7KH UHVRXUFHV VKDOO EH FRQVHUYHG DQG WKH DYDLODELOLW\ DXJPHQWHG E\ PHDVXUHVIRUPD[LPLVLQJUHWHQWLRQHOLPLQDWLQJSROOXWLRQDQGPLQLPLVLQJ ORVVHV )RU WKLV PHDVXUHV OLNH XVH RI HYDSRUHWDUGDQWV DQG RWKHU VXLWDEOHPHDVXUHVWRFRQWUROHYDSRUDWLRQIURPVWRUDJHVDQGGLVWULEXWLRQ VHOHFWLYH OLQLQJ LQ WKH FRQYH\DQFH V\VWHP PRGHUQLVDWLRQ DQG UHKDELOLWDWLRQRIH[LVWLQJV\VWHPVLQFOXGLQJWDQNVUHF\FOLQJDQGUHXVHRI WUHDWHGHIIOXHQWVDQGDGRSWLRQRIWUDGLWLRQDOWHFKQLTXHVOLNHPXOFKLQJRU SLSHLUULJDWLRQDQGQHZWHFKQLTXHVOLNHGULSDQGVSULQNOHUEHSURPRWHG ZKHUHYHUIHDVLEOH 1RQFRQYHQWLRQDO PHWKRGV IRU XWLOLVDWLRQ RI ZDWHU VXFK DV WKURXJK LQWHUEDVLQ WUDQVIHUV IURP VXUSOXV EDVLQV WR GHILFLW RQHV DUWLILFLDO UHFKDUJH RI JURXQGZDWHU UDLQZDWHU KDUYHVWLQJ PD\ EH SUDFWLFHG WR IXUWKHULQFUHDVHWKHXWLOLVDEOHZDWHUUHVRXUFHV 3ULRULW\RI:DWHU8VDJH :DWHU UHVRXUFHV VKDOO EH DOORFDWHG LQ DFFRUGDQFH ZLWK WKH IROORZLQJ JHQHUDOSULQFLSOHV D 'RPHVWLF XVH IRU GULQNLQJ FRROLQJ K\JLHQH DQG VDQLWDWLRQ QHHGV LQFOXGLQJOLYHVWRFN

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