RV Gumaste, a member of Kirloskar’s project team that set up Bellary’s first iron-making unit in 1994, has never seen such times since he first moved base from Pune 17 years ago. “We will take the burden for our regular employees for some time. But how long?” says the industry veteran, who was appointed Managing Director of Kirloskar Ferrous Industries Ltd in July 2003. The Rs 1,100-crore company has 800...
More »SEARCH RESULT
Total Matching Records found : 312
The road to reforming Karnataka's mine mafia by Karthik Subbaraman & Meera Mohanty
After sliding a mile backward into a morass, Karnataka'smining sector has just been shoved a metre forward. Since it has taken an almighty effort by the judiciary and a quasi-judicial body, the Lokayukta, to accomplish even this much, what hope is there for a sector that is vital for Karnataka's and India'sindustrial development?? Will the sector - represented by mining firms, traders, transporters, government agencies - slide back deep into...
More »‘Republic of Bellary’ set to lose its independence by Samar Halarnkar
For five years, they controlled the administration in impoverished Bellary, even flattened state boundary markers to excavate Iron Ore—while insisting they had no mining interests in Karnataka. Now, the reign of the rulers of the “Republic of Bellary”—as the unofficial influence of two Bharatiya Janata Party (BJP) ministers and a milk federation chief, collectively called the Reddy brothers—appears to be at an end. As the Supreme Court on Friday banned all mining...
More »The Karnataka mining report by Vicky Nanjappa
The report on illegal mining in Karnataka, compiled by Lokayukta Santosh Hegde and his team, may spell the end of the first Bharatiya Janata Party government in south India. While the report is voluminous, here are a few details of what the Lokayukta and his team have found while probing the illegal mining scam. In the report the Lokayukta clearly makes charges against Chief Minister B S Yeddyurappa and Minister for...
More »SC suspends mining activity in Bellary
-PTI The Supreme Court has suspended with immediate effect the mining of Iron Ore in 10,868 hectares in Bellary district of Karnataka. "We are of the view that the mining of Iron Ore in Bellary be suspended immediately till further orders," a special bench headed by Chief Justice S H Kadia said. The court said the ministry of environment and forest (MoEF) will, meanwhile, come out with an interim report on the...
More »
