-Live Mint Court says government should decide allocation of captive mine; move could lead to protests by rival steel makers New Delhi/Mumbai: A Supreme Court (SC) order on Friday raised the prospect that Posco's showcase $12 billion (`65,400 crore today) steel project in Orissa, stalled for at least six years, could be allocated a captive iron ore mine, but experts said such a move could lead to protests by other firms...
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Make the CBI accountable also to the court, a Parliament committee and NHRC
-The Economic Times The Supreme Court has pulled up the CBI for misleading it on whether the agency had shared its status report with the government. Indeed, there can be no excuse for misrepresenting facts to the apex court. The Additional Solicitor General who told the court something that he knew to his personal knowledge to be false and the Attorney General who did not make amends must both go. The...
More »Government abused powers in coal block allotments, House panel says
-The Times of India Parliament's standing committee on Coal and Steel has indicted the government for "totally abusing its powers" in allotting coal mines between 1993 and 2010 through the "most non-transparent procedure" to "few fortunate ones for their own benefit". "The government cannot give largesse on its arbitrary discretion or its sweet will," the committee, under the chairmanship of Trinamool Congress MP Kalyan Banerjee, said in its latest report tabled in...
More »Orissa to complete procuring land for Posco plant in two weeks
-Bloomberg The entire land could be handed over by June to Posco, which already has about 1,700 acres in its possession Mumbai: Orissa expects to complete procuring land needed forPosco's steel complex in less than two weeks as farmers relinquish their opposition on the proposed $12 billion project. About 200 acres (81 hectares) out of the total 2,700 acres are left to be acquired from local residents, said Satya Kumar Mallick, the administrative...
More »All coal blocks awarded after 1993 illegal: Panel Task force on coal beneficiation to submit its report soon -Sanjay Dutta & Mohua Chatterjee
-The Times of India All coal blocks distributed between 1993 and 2008 were done in an unauthorized manner and allotment of all mines where production is yet to start should be cancelled, the Standing Committee on Coal and Steel has said in its latest report that is slated to be tabled in Parliament on Tuesday. The committee, headed by Trinamool Congress MP Kalyan Banerjee, has also recommended that all "personnel" who have...
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