South Korean steel maker Posco may have to start its bid to enter India from scratch, letting six years of preparatory work go to waste. A top tribunal has cancelled environmental approvals given by the government last year for the company’s $12 billion (around Rs61,440 crore today) steel plant in Orissa and ordered that the environment ministry review the entire project afresh. The tribunal said environmental clearances have been accorded in...
More »SEARCH RESULT
Total Matching Records found : 792
Supreme Court panel in illegal mining seeks probe into Yeddyurappa bribe allegation-Meera Mohanty
A Supreme Court-appointed panel on illegal mining has recommended an investigation into alleged kickbacks paid to companies linked to the family of former Karnataka chief minister BS Yeddyurappa. The Central Empowered Committee wrote in a report on Wednesday that payments of 6 crore by a mine owner to two companies controlled by the close kin of the former chief minister must be "investigated in public interest". The Supreme Court's forest bench will...
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 »Displaced tribals march for their rights
-The Deccan Herald Cover eight states, hold meetings in 87 villages Rights groups released a report here demanding the implementation of Panchayats (Extention to Scheduled Areas) Act (PESA) and rights of the tribals in India. The recommendations were based on the 39 days of foot march conducted by the Adivasi Janjati Adhikar Manch (AJAM), supported by ActionAid. The primary demand put forth by the tribals was implementation of PESA in Forest Rights Act, 2006...
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 »
