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The weather department has warned of heavy to very heavy rain in 11 states over the next 72 hours. Evacuations from low-lying areas have begun.
The Centre said the new framework will take effect from the first quarter of the next financial year. States have been asked for suggestions within 30 days.
The session will run for 18 days, with two bills on economic reforms given priority.
The project will cost about ₹4,800 crore and is targeted for completion in four years.
Voluntary organisations and the administration together ensured supply of rations and medicines in affected areas.