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Vedanta likely to close Odisha alumina refinery from Dec 5

-PTI Vedanta group is likely to close its one million tonnes alumina refinery at Odisha's Lanjigarh from Wednesday, a move which would impact about 7,000 jobs in the Eastern state. The mining conglomerate, which runs the alumina refinery through an unlisted subsidiary, Vedanta Aluminium Ltd (VAL), had given a closure notice to the state government three months back citing severe shortage of bauxite as the primary reason for the shutdown. "Suspension of operations...

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Odisha Mining Corporation bats for Vedanta: questions rejection of bauxite mining proposal in Niyamgiri hills -Kumar Sambhav S

-Down to Earth Says Union environment ministry does not have powers to overrule Supreme Court which cleared the project The Orissa Mining Corporation Limited (OMCL) has questioned the validity of the Union environment ministry’s decision, rejecting the company’s application to mine bauxite from Niyamgiri Hills in Kalahandi district of Odisha. The company has said in the Supreme Court on November 23 that the ministry does not have the power to reject the...

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EC for Probe into Donations by Vedanta to Cong, BJP

-Outlook The Election Commission has come across instances of suspected violations of the Foreign Contribution Regulation Act by Congress and the BJP in their acceptance of donations from subsidiaries of multi-national firm Vedanta group. An investigation by the EC, carried out with the help of the I-T department, has found that both the parties had received about Rs 5 crore each from two subsidiaries of the Vedanta group -- Sterlite Industries and...

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Election Commission seeks probe into FCRA 'violation' by Congress, BJP

-The Times of India The Election Commission (EC) has asked the Union home ministry to probe the alleged violation of the Foreign Contribution Regulation Act (FCRA) by both the Congress and the BJP by receiving donations of about Rs 5 crore each from Vedanta Group subsidiaries — Sterlite Industries and Sesa Goa. Nirvachan Sadan sources told TOI that the Representation of People Act (RPA) debarred political parties from receiving contribution for a...

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Don’t ink this NIB

-The Hindu The Finance Ministry proposal to create a National Investment Board with extraordinary authority to supersede individual ministries and decide the fate of expensive infrastructure projects is a retrograde measure that strikes at the root of democratic governance. The basic tenets of all law-making include public participation, equity and justice, more so when it comes to the environment and welfare. India’s laws on protection of the environment, forests, wildlife and...

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