Here in Delhi, you can buy a litre of petrol for a little less than Rs 69. A cylinder of cooking gas costsRs 405. But there's one state capital where petrol costs Rs 200 a litre and gas a staggeringRs 2,000 a cylinder. That city is Imphal, the capital of our easternmost state, Manipur. Since August 1, the state has been hostage to a withering siege: a blockage of two...
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Bengal coal import test by Srikumar Bondyopadhyay
The power position in Bengal improved today but alarm bells are ringing over imported Coal stocks that are running out fast. “The stock of imported coal will exhaust by the end of this month,” said Krishna Gupta, the managing director of the West Bengal Power Development Corporation Ltd (WBPDCL), the largest electricity supplier in the state. The corporation had last year imported 1.2 million tonnes of coal from Indonesia. “We will come up...
More »Industry chambers, mining bodies oppose new Bill
-The Hindu ‘The mechanism for compensating the affected people is not clearly defined and has many limitations' Industry chambers led by Confederation of Indian Industry (CII) and FICCI on Friday sought a review of the Mines and Minerals (Development and Regulation) Bill, 2011 approved by the Union Cabinet stating that the industry was concerned on royalty, profit sharing and the methodology of providing assistance to project-affected persons. In a statement here, Rana Som,...
More »Share in profits for tribal areas in new mining bill by Sujay Mehdudia
For non-coal firms, amount will be equivalent to their royalty The Union Cabinet on Friday approved the landmark Mines and Mineral Development and Regulation (MMDR) Bill, 2011 that provides for mining companies to keep aside 26 per cent of their net profits for a Mineral Development Fund to be used for the development and rehabilitation of project-affected people in tribal areas. For the non-coal companies, the amount will be equivalent to...
More »Coal mining policy: The dismantling of the 'go, no-go' policy may do little to improve supplies of coal by Avinash Celestine
In March this year, the Central Bureau of Investigation (CBI) raided the houses and businesses of a few top industrialists in Dhanbad, Jharkhand, home to one of the subsidiaries of India's biggest coal miner, Coal India (CIL). Dhanbad is more widely known in popular imagination as home of the infamous 'coal mafia', which spread a reign of terror across the coal mining districts of the then undivided Bihar in the...
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