-The Hindu Business Line The closure of three urea producing plants in south India has led to a sharp spike in imports and subsidies In April 2014, the UPA government in its last days, cut off the lifeline of three urea plants. It gave a final push to a ten-year-old trend of replacing domestic urea production with imports. The government-owned Madras Fertilisers, and the private sector units SPIC and MCF closed down...
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Black money: ₹4,500 cr lying in bank accounts abroad, says SIT
-The Hindu Business Line Wants PAN used in payments over ₹1 lakh, cap on amount of cash a person can keep Income Tax authorities have traced about ₹4,500 crore in undisclosed money in bank accounts overseas, a Special Investigation Team (SIT) probing the matter said in its second report to the Supreme Court. The report, released on Friday, said investigations are pending in 33 cases involving an amount of ₹14,957.95 crore, and that...
More »350-tonne oil spill by Bangladeshi ship threatens Sunderbans -Krishnendu Mukherjee & Rakhi Chakrabarty
-The Times of India KOLKATA: The fragile Sundarbans region stared at an ecological nightmare after a vessel carrying 350 tonnes of oil crashed, spilling the toxic liquid over an 80-sq-km area along the Sela river in Bangladesh and threatening a sanctuary of rare Irrawaddy and Ganges dolphins. The site, near Mongla port, is about 100km from the Kolkata port and Indian officials are on alert over the possibility of the oil slick...
More »Good for the economy, bad for the environment? -Vidya Venkat
-The Hindu Irrespective of fuel costs, investing in a robust public Transport system alone can save the day Whenever news about a fall in oil prices hits the headline, the first to cheer are car users. "I can save up to Rs. 2,700 every month now. That means I can put this money to better use elsewhere," a journalist-friend recently said with a sigh of relief when asked to respond to the...
More »PMO orders huge cuts in social sector spending for 2015-16 -Jitendra
-Down to Earth Employment guarantee, rural road and sanitation schemes among those likely to be affected The upcoming budget will see social sectors face huge cuts in funds. Ministries concerned with infrastructure works, on the other hand, will be given with more funds. These include ministries of shipping, road and Transport, telecom and power. The Prime Minister's Office (PMO) has directed the Union Ministry of Finance to include these budget adjustments in the...
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