Tax project eligibility extended: watershed and village development specified as eligible under income-tax provision for further period. Central Government specifies Yusuf Meharally Centre's scheme for promotion of watershed development in Konkan and integrated village development in Panvel as an eligible project under the Explanation to the income-tax provision, following the National Committee's recommendation that the project is properly executed, and extends eligibility for a further three-year period beginning with the assessment year 2003-2004 at an estimated cost of rupees three crore twenty-two lakhs fifty thousand.