-The Economic Times World Bank has said it will extend full financial support to India to help enhance the abysmal level of infrastructural development in the country in the 12th Five Year Plan that begins next fiscal. The World Bank president Robert B Zoellick, who begins his fifth and last official visit to India on Monday, has expressed intent to discuss innovative methods of financing with Indian leaders during his stay. "India's needs...
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Lanco found guilty of false commissioning of plants-Ankur Paliwal
To lose bank guarantees for its four Power plants in Rajasthan The Union Ministry of New and Renewable Energy (MNRE) has found Lanco Infratech guilty of false commissioning of solar Power plants in Rajasthan. The company will now lose its first set of bank guarantees for the remaining four solar photovoltaic plants in Rajasthan. It has already lost bank guarantees of three other plants being set up in the state after...
More »Jayalalithaa gives green signal to Koodankulam plant-Vidya Padmanabhan & Amritha Venketakrishnan
Tamil Nadu chief minister J. Jayalalithaa, who had recommended the suspension of operations at the Koodankulam nuclear power plant until people’s concerns had been allayed, said on Monday that work on the plant should resume immediately. The state cabinet based its decision on a report submitted last month by an expert committee that gave the project the all-clear, she said. “As per the state cabinet consensus, I (order) that the process for...
More »Chhattisgarh Vs Jayaswal throws light on murky mine sector-Ruchira Singh
The Chhattisgarh government has filed a writ petition in the Delhi high court against the Central government over Jayaswal Neco Ltd’s applications for mining leases in a case that throws light on the murky world of mining in India. The state alleges that the mid-sized steel-maker forged documents in its application to get iron ore mining leases in Rowghat in Bastar district and that the Union government directed it to consider...
More »Kudankulam nuclear plant gets Jaya go-ahead
-The Times of India With Tamil Nadu CM J Jayalalithaa giving the nod for the Kudankulam nuclear Power plants, Russia said that it was going to send its scientists to the site on Tuesday to start commissioning work for the first unit of the reactors. Russian officials in India said that Moscow stood vindicated by Jayalalithaa's decision to back the reactors that couldn't be commissioned last year because of sudden protests...
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