-The Times of India NEW DELHI: In a major setback to mining companies indulged in illegal extraction of iron and manganese ore in Odisha since 2001, the Supreme Court on Wednesday cracked the whip and directed them to pay a compensation of about Rs.17,576 crore. A bench of Justices Madan B Lokur and Deepak Gupta ruled that the companies would be liable to pay back 100 percent of the price of mineral...
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Rajasthan High Court issues notice to state government, ACB over 600 crore benefit to Vedanta -Mahim Pratap Singh
-The Indian Express An official ACB probe had revealed that IAS officer Ashok Singhvi had allegedly benefitted Hindustan Zinc Ltd, a subsidiary of Vedanta-owned Sterlite industries Jaipur: The Rajasthan High Court on Tuesday issued notices to the state government and the Anti-Corruption Bureau (ACB) over alleged inaction in a 600-crore scam probe involving multinational mining giant Vedanta Resources. Justice V K Vyas issued the notices to the ACB and the state home...
More »Odisha: SC says companies will face 100% penalty for illegal mining
-Scroll.in The court refused to order a CBI inquiry into connivance of officials in the Rs 60,000 crore scam, but directed the setting up of an expert committee. The Supreme Court on Wednesday said mining companies that had been operating without necessary clearances in Odisha would be subject to a 100% penalty on the price of the ore that had been illegally extracted. The court also said that the government’s policy...
More »Aadhaar rebels find ways to avoid PAN linkage -Namita Devidayal & Lubna Kably
-The Times of India MUMBAI: In a quiet display of dissent, numerous taxpayers across the country have opted to file their tax returns manually, via snail-mail, rather than get an Aadhaar card. Many others filed their returns online early, prior to June 30, when the Aadhaar linkage was not mandatory. "Technically you should be able to file online even if you don't have an Aadhaar card, but the e-filing system does not...
More »Retail inflation dips to record low in June, IIP slows in May
-The Times of India NEW DELHI: Retail inflation dipped to a record low in June on the back of sliding food prices, while industrial output growth slowed in May as manufacturing remained sluggish, mounting pressure on the RBI to cut interest rates when it reviews monetary policy on August 2. Data released by the Central Statistics Office (CSO) on Wednesday showed retail inflation, as measured by the consumer price index (CPI), rose...
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