Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.&lt;br /&gt;
&lt;br /&gt;
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &amp;mdash; as many as 100 &amp;mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.&lt;br /&gt;
&lt;br /&gt;
Most of these MoUs, primarily in the steel sector, were signed during Munda&amp;rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.&lt;br /&gt;
&lt;br /&gt;
In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &amp;mdash; or a sizeable chunk &amp;mdash; to other organisations at astronomical prices.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&amp;rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.&lt;br /&gt;
&lt;br /&gt;
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.&lt;br /&gt;
&lt;br /&gt;
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.&lt;br /&gt;
&lt;br /&gt;
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .&lt;br /&gt;
&lt;br /&gt;
Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.&lt;br /&gt;
&lt;br /&gt;
Industries secretary A.P. Singh said he had received the directive. &amp;ldquo;We will begin our job soon,&amp;rdquo; he said.
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&lt;br /&gt;
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &amp;mdash; as many as 100 &amp;mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.&lt;br /&gt;
&lt;br /&gt;
Most of these MoUs, primarily in the steel sector, were signed during Munda&amp;rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.&lt;br /&gt;
&lt;br /&gt;
In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &amp;mdash; or a sizeable chunk &amp;mdash; to other organisations at astronomical prices.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&amp;rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.&lt;br /&gt;
&lt;br /&gt;
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.&lt;br /&gt;
&lt;br /&gt;
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.&lt;br /&gt;
&lt;br /&gt;
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .&lt;br /&gt;
&lt;br /&gt;
Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.&lt;br /&gt;
&lt;br /&gt;
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without..."/>
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                <strong>Knives out for rogue investors by Suman K Shrivastava</strong></h1>
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                <br /><div align="justify">The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.<br /><br />Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &mdash; as many as 100 &mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.<br /><br />Most of these MoUs, primarily in the steel sector, were signed during Munda&rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.<br /><br />In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &mdash; or a sizeable chunk &mdash; to other organisations at astronomical prices.<br /><br />&ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.<br /><br />Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.<br /><br />Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.<br /><br />The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .<br /><br />Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.<br /><br />Industries secretary A.P. Singh said he had received the directive. &ldquo;We will begin our job soon,&rdquo; he said.</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6804f7bf7a6a9-trace').style.display = (document.getElementById('cakeErr6804f7bf7a6a9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6804f7bf7a6a9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6804f7bf7a6a9-code').style.display = (document.getElementById('cakeErr6804f7bf7a6a9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6804f7bf7a6a9-context').style.display = (document.getElementById('cakeErr6804f7bf7a6a9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6804f7bf7a6a9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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&lt;div align=&quot;justify&quot;&gt;
The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.&lt;br /&gt;
&lt;br /&gt;
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &amp;mdash; as many as 100 &amp;mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.&lt;br /&gt;
&lt;br /&gt;
Most of these MoUs, primarily in the steel sector, were signed during Munda&amp;rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.&lt;br /&gt;
&lt;br /&gt;
In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &amp;mdash; or a sizeable chunk &amp;mdash; to other organisations at astronomical prices.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&amp;rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.&lt;br /&gt;
&lt;br /&gt;
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.&lt;br /&gt;
&lt;br /&gt;
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.&lt;br /&gt;
&lt;br /&gt;
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .&lt;br /&gt;
&lt;br /&gt;
Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.&lt;br /&gt;
&lt;br /&gt;
Industries secretary A.P. Singh said he had received the directive. &amp;ldquo;We will begin our job soon,&amp;rdquo; he said.
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without...&#039;,
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.&lt;br /&gt;
&lt;br /&gt;
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &amp;mdash; as many as 100 &amp;mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.&lt;br /&gt;
&lt;br /&gt;
Most of these MoUs, primarily in the steel sector, were signed during Munda&amp;rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.&lt;br /&gt;
&lt;br /&gt;
In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &amp;mdash; or a sizeable chunk &amp;mdash; to other organisations at astronomical prices.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&amp;rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.&lt;br /&gt;
&lt;br /&gt;
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.&lt;br /&gt;
&lt;br /&gt;
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.&lt;br /&gt;
&lt;br /&gt;
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .&lt;br /&gt;
&lt;br /&gt;
Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.&lt;br /&gt;
&lt;br /&gt;
Industries secretary A.P. Singh said he had received the directive. &amp;ldquo;We will begin our job soon,&amp;rdquo; he said.
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                <strong>Knives out for rogue investors by Suman K Shrivastava</strong></h1>
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                <br /><div align="justify">The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.<br /><br />Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &mdash; as many as 100 &mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.<br /><br />Most of these MoUs, primarily in the steel sector, were signed during Munda&rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.<br /><br />In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &mdash; or a sizeable chunk &mdash; to other organisations at astronomical prices.<br /><br />&ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.<br /><br />Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.<br /><br />Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.<br /><br />The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .<br /><br />Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.<br /><br />Industries secretary A.P. Singh said he had received the directive. &ldquo;We will begin our job soon,&rdquo; he said.</div>               </font>
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.&lt;br /&gt;
&lt;br /&gt;
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &amp;mdash; as many as 100 &amp;mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.&lt;br /&gt;
&lt;br /&gt;
Most of these MoUs, primarily in the steel sector, were signed during Munda&amp;rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.&lt;br /&gt;
&lt;br /&gt;
In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &amp;mdash; or a sizeable chunk &amp;mdash; to other organisations at astronomical prices.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&amp;rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.&lt;br /&gt;
&lt;br /&gt;
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.&lt;br /&gt;
&lt;br /&gt;
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.&lt;br /&gt;
&lt;br /&gt;
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .&lt;br /&gt;
&lt;br /&gt;
Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.&lt;br /&gt;
&lt;br /&gt;
Industries secretary A.P. Singh said he had received the directive. &amp;ldquo;We will begin our job soon,&amp;rdquo; he said.
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without...&#039;,
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.&lt;br /&gt;
&lt;br /&gt;
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &amp;mdash; as many as 100 &amp;mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.&lt;br /&gt;
&lt;br /&gt;
Most of these MoUs, primarily in the steel sector, were signed during Munda&amp;rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.&lt;br /&gt;
&lt;br /&gt;
In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &amp;mdash; or a sizeable chunk &amp;mdash; to other organisations at astronomical prices.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.&lt;br /&gt;
&lt;br /&gt;
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.&lt;br /&gt;
&lt;br /&gt;
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .&lt;br /&gt;
&lt;br /&gt;
Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.&lt;br /&gt;
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                <strong>Knives out for rogue investors by Suman K Shrivastava</strong></h1>
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                <br /><div align="justify">The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.<br /><br />Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &mdash; as many as 100 &mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.<br /><br />Most of these MoUs, primarily in the steel sector, were signed during Munda&rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.<br /><br />In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &mdash; or a sizeable chunk &mdash; to other organisations at astronomical prices.<br /><br />&ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.<br /><br />Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.<br /><br />Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.<br /><br />The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .<br /><br />Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources.<br /><br />Industries secretary A.P. Singh said he had received the directive. &ldquo;We will begin our job soon,&rdquo; he said.</div>               </font>
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.<br />
<br />
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &mdash; as many as 100 &mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.<br />
<br />
Most of these MoUs, primarily in the steel sector, were signed during Munda&rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.<br />
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<br />
&ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.<br />
<br />
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.<br />
<br />
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.<br />
<br />
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .<br />
<br />
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<br />
Industries secretary A.P. Singh said he had received the directive. &ldquo;We will begin our job soon,&rdquo; he said.
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects.<br />
<br />
Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 &mdash; as many as 100 &mdash; so that action could be initiated against those who had circumvented norms to generate huge profits unethically.<br />
<br />
Most of these MoUs, primarily in the steel sector, were signed during Munda&rsquo;s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals.<br />
<br />
In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake &mdash; or a sizeable chunk &mdash; to other organisations at astronomical prices.<br />
<br />
&ldquo;Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,&rdquo; he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits.<br />
<br />
Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government.<br />
<br />
Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently.<br />
<br />
The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself .<br />
<br />
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<br />
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The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without...'
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Knives out for rogue investors by Suman K Shrivastava

The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects. Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since 2001 — as many as 100 — so that action could be initiated against those who had circumvented norms to generate huge profits unethically. Most of these MoUs, primarily in the steel sector, were signed during Munda’s earlier tenure in 2005-2006. But, now in his third stint as chief minister, he has steered clear of mega investors, focusing more on IT investments and projecting a government that is sensitive to the land rights of tribals. In a letter to the chief secretary, Munda listed several malpractices adopted by dodgy investors. He said a few investors, after being allocated resources like iron ore mines, coal blocks, water and land, sold off their stake — or a sizeable chunk — to other organisations at astronomical prices. “Besides, a handful of investors approached banks and financial institutions for finances using the MoU and the resource allocated as tools. A few went for IPOs and created huge wealth for themselves in the process,” he said in the two-page letter dated January 7. Some organisations, he added, also got into joint ventures in the guise of entering into technical collaborations by selling a large number of shares and made huge profits. Munda said the government was not averse to the idea of raising funds for setting up industries by adopting fair, honest and legal means. But, it was unacceptable for an investor to adopt wrong practices for generating resources circumventing the norms laid down by the government. Similarly, the state would not tolerate it if investors projected the MoUs or letters of allocation of natural resources as tools mischievously and fraudulently. The industries department is to prepare the detailed report on the status of MoUs on the basis of parameters set by Munda himself . Chaudhary, who has been told to go through the industry department report, will then recommend suitable action against the rouge investors. This will include initiating appropriate punitive and legal action, cancellation of the MoUs and allocations of resources. Industries secretary A.P. Singh said he had received the directive. “We will begin our job soon,” he said.