THERE is money on offer, but the farmers of Halligudi, a hamlet of 5,500 people in Karnataka's Gadag district, are hardly happy at the prospect of 3,382 acres (one acre is 0.4 hectare) of farmland being acquired for a Rs.32,336-crore steel plant south of National Highway 63, which runs between Karwar and Bellary. The plant is to be set up by the Indian subsidiary of the South Korean steel major Posco...
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India seeks Poland's help for removal of EU trade curbs
-PTI India today sought help from Poland, which holds the European Union Presidency, for resolving trade obstacles for Indian agri exports to 27 EU countries. The issue was taken up at a meeting here between Commerce and Industry Minister Anand Sharma and visiting Polish Foreign Minister Radoslaw Sikorski. "The EU can play an important role in resolving several of our market access issues with the EU including in respect of arbitrary SPS (Sanitary...
More »Posco: Talks between seer, government break down by Shivakumar Menasinaka
The first attempt by the state government to convince the agitating farmers to withdraw their movement against the proposed Posco steel plant at Halligudi met with failure, after talks between District In-charge Minister C C Patil and Siddhalinga swamiji of Tontadarya mutt fell through. The seer told Patil that there was no question of withdrawing the agitation, despite a fervent appeal from the latter, who assured that the state government would...
More »100% mining royalty for the displaced in the draft Mining Bill, feels Pranab Mukherjee led panel
-The Economic Times A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected ,...
More »Share 26% royalty, not profit: Govt’s U-turn on mining by Priyadarshi Siddhanta
In a sudden U-turn, the mines ministry has decided against asking miners from mandatorily sharing 26 per cent of net profits with the affected local population. Instead, it has proposed that miners set aside 26 per cent of the royalty they pay to states for sharing with locals. This dramatically changes what locals will get if the proposal becomes law. For example, for a tonne of iron ore which costs about...
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