-Bloomberg The entire land could be handed over by June to Posco, which already has about 1,700 acres in its possession Mumbai: Orissa expects to complete procuring land needed forPosco's Steel complex in less than two weeks as farmers relinquish their opposition on the proposed $12 billion project. About 200 acres (81 hectares) out of the total 2,700 acres are left to be acquired from local residents, said Satya Kumar Mallick, the administrative...
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Government abused powers in coal block allotments, House panel says
-The Times of India Parliament's standing committee on Coal and Steel has indicted the government for "totally abusing its powers" in allotting coal mines between 1993 and 2010 through the "most non-transparent procedure" to "few fortunate ones for their own benefit". "The government cannot give largesse on its arbitrary discretion or its sweet will," the committee, under the chairmanship of Trinamool Congress MP Kalyan Banerjee, said in its latest report tabled in...
More »‘States have no inherent power to frame mining policy’
-The Hindu Act states regulation of mines and mineral development comes within Centre's purview: SC New Delhi: States have no power to frame a mining policy dehors the Mines and Minerals (Development and Regulation) Act and the Mineral Concession Rules. Reiterating this point, the Supreme Court on Tuesday dismissed review petitions filed by the Centre, JSW Steel Ltd and others seeking review of the September 2010 judgment in the ‘Sandur Manganese and Iron...
More »Modi’s Pals-Himanshu Upadhaya
-Hard News While Narendra Modi's apologists will selectively quote from the latest CAG audit report on state finances that revenue earning has registered an upswing, they will compulsively forget that "the fiscal deficit of Rs 11,027 crore in 2011-12 was met out from a net borrowing of Rs 15,083 crore". The CAG has remarked that "an increase of 41 per cent in the market borrowing in 2011-12 over previous year for...
More »All coal blocks awarded after 1993 illegal: Panel Task force on coal beneficiation to submit its report soon -Sanjay Dutta & Mohua Chatterjee
-The Times of India All coal blocks distributed between 1993 and 2008 were done in an unauthorized manner and allotment of all mines where production is yet to start should be cancelled, the Standing Committee on Coal and Steel has said in its latest report that is slated to be tabled in Parliament on Tuesday. The committee, headed by Trinamool Congress MP Kalyan Banerjee, has also recommended that all "personnel" who have...
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