-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...
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Twin SC rulings provide relief for natural resources sector -Neha Sethi and Ruchira Singh
-Live Mint Vedanta can mine bauxite in Orissa with gram sabha nod, some Karnataka Iron Ore mines to reopen Two key judgements passed by the Supreme Court on Thursday bode well for India's troubled natural resources sector, keeping alive Vedanta Resources Plc's hopes of mining bauxite in Orissa and promising an alleviation of raw material shortages at steel makers by partly lifting a ban on Iron Ore mining in Karnataka. The country's top...
More »In Karnataka race of millionaires, real estate ahead of mining -Johnson TA
-The Indian Express Bangalore: When affidavits were filed by the contestants for the 2008 assembly polls declaring their wealth, it was a close race between the two dominant money-spinning sectors in Karnataka - real estate and Iron Ore mining. Affidavits filed by 5,376 candidates in the fray for the May 5 assembly polls show that the real estate sector that flourishes in and around Bangalore and, to a lesser extent, around cities...
More »SC allows resumption of Iron Ore mining in Karnataka -Dhananjay Mahapatra
-The Times of India The Supreme Court on Thursday lifted the omnibus ban on Iron Ore mines in Bellary, Chitradurga and Tumkur districts of Karnataka and permitted 81 lease owners, who had committed minor violations, to resume mining after compliance of stringent conditions laid down by the courts. Moving forward from its reference to illegal mining activity for decades under active political patronage as "a shocking state of depredation of nature's bounty...
More »Why corruption isn’t a poll issue in Karnataka -Prithvi Datta Chandra Shobhi
-The Indian Express If the BJP finds itself on the back foot today, it isn't because of corruption scandals, but due to the splintering of its social coalition As the stage is set for the state assembly elections in Karnataka, former Prime Minister H.D. Deve Gowda recently made a surprising admission: corruption is not an issue in the upcoming elections, and the precipitous decline in political morality can only be arrested by...
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