-The Telegraph The Union environment ministry has raised concerns over the proposed power plant on Nayachar island, casting a cloud on the Rs 8,600-crore investment proposal by NRI businessman Prasoon Mukherjee. At a meeting earlier this month with Bengal government officials, an expert appraisal committee under the central ministry asked the state to come up with a revised environment protection plan. Handing over a 100-page dossier prepared by a group of professionals, chaired...
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Allocation of mines put on hold in view of pending legislation
-PTI The government has decided to put on hold allocation of mines having minerals other than coal in view of the Mines and Minerals Bill pending before Parliament. The Prime Minister's Office (PMO) sent a directive in this regard to the Mines Ministry about two months back, sources said here today. The Mines Ministry was advised that since the Mines and Minerals (Regulation and Development) Bill 2011 had not been passed by Parliament...
More »Government ready to take up bill to amend Coal Mine Nationalisation Act: Coal Minister Sri Prakash Jaiswal-Rohini Singh & Soma Banerjee
-The Economic Times The government is ready to give up its monopoly over coal mining to meet the requirements of the economy, if BJP supports a long-pending legislation to amend the Coal Mine Nationalisation Act (CMNA). "We are ready to take up the bill and open up the coal sector to increase production. This is the only way forward and there is a consensus within the government on this. Once BJP comes...
More »Government ready for coalgate confrontation -Sujay Mehdudia
-The Hindu Even as UPA-II and the Opposition are bracing themselves for confrontation in and outside Parliament over coal blocks allocations during 2004-09, the Prime Minister’s Office and the Coal Ministry are ready with their defence: the policy imperative was to augment production by supplementing Coal India’s efforts with private participation within the parameters of law. According to documents available with The Hindu , the arguments, which the government hopes to present...
More »Reforms, competition in distribution and end to coal monopoly only antidotes to power failures-Arvind Panagariya
-The Economic Times The power failure in India on July 30-31 was big news in US media. When the radio and TV stations began calling with the question whether this spelt the end to India's claims to global-power status, my first reaction was to remind them that a similar failure of the grid in 2003 had drowned the entire Northeast and Midwest in the US and Ontario in Canada into darkness. But,...
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