-The Business Standard When the anti-Posco brigade celebrated the seventh anniversary of their agitation against the mega steel venture of the South Korean behemoth at Dhinkia near Paradip in Odisha last week, the noise they made against the project was drowned by the murmurs of a split in their ranks. After fighting against the project for the last seven years, Posco Pratirodh Sangram Samiti (PPSS) seems to be disintegrating, with many of...
More »SEARCH RESULT
Total Matching Records found : 24
Green tribunal sets aside clearance granted to Jindal-Aarti Dhar
“Entire public hearing was farce and makes mockery of public hearing process” In a significant decision the National Green Tribunal (NGT) on Friday set aside the Environmental Clearance (EC) granted to the 4 MTPA Coal Mining Project of Jindal Steel and Power Ltd (JSPL) and 4 MTPA Coal Washery at Gare in Raigarh district of Chhattisgarh on grounds of faulty public hearing. The company had been granted environmental clearance in May 2009....
More »Posco verdict: Finally, environmental justice in India by Janaki Lenin
So what if it was the largest-ever FDI in India? The law finally caught up with it on 30 March 2012, when the National Green Tribunal suspended POSCO’s environmental clearance and ordered a fresh review. We can celebrate the outcome in this day and cynical age: It is still possible, though not easy, to get environmental justice in this country. Since June 2005, when the agreement between the Government of Orissa...
More »Tribunal scraps green clearance to India's largest FDI, Posco-Debabrata Mohanty
Korean steelmaker Posco’s bid to build a 12 million tone integrated steel complex in Jagatsinghpur, Orissa received a major jolt today after a two-judge bench of the National Green Tribunal suspended the environment clearance granted to the project in January 2011. "The environment clearance granted on January 31, 2011 to the project shall remain suspended till such review and appraisal is done by the ministry," a bench of tribunal comprising Justice...
More »SFIO to have powers to prosecute companies by Devesh Kumar
The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali. The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies. The government expects the bill to modernise,...
More »
