Steelborn
Thousands suffer in India s ship breaking yards while an unconcerned government invites more ships for scrapping
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Ktaka gets Rs 4 lakh-cr investment this year
Karnataka has reconfirmed its status of being one of the premier investment destinations in the country by sewing up investments totalling over Rs 4 lakh crore this year. As part of the two-day Global Investors Meet (GIM) that began Thursday over 400 MoUs will be signed, some of which involve global giants such as Posco, ArcelorMittal, Infosys, Wipro, Essar, GAIL and the Aditya Birla Group.
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Jharkhand tribals up against mining companies
Step into Jharkahnd's Tentoposi village in Seraikela district and you will be greeted with hostile glances. Sitting on rich mineral reserves of iron ore, residents of this village are constantly
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Fighting corrosion
Solar power helps prevent rusting
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After tribal protests, Forest Act coming in the way of Posco project?
NEW DELHI: Even as violence has broken out in Jagatsinghpur district of Orissa, the only thing preventing the Orissa government from securing the 1,253.225 hectares of forest land for Posco's integrated steel plant, ironically, is the Forest Rights Act -- a legislation that many conservationists opposed initially and now find is the only point of defence left for the three villages in the eye of t
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In a first, Mines Minister rejects Nalco stake sale proposal
In the first such rejection by any ministry, Union Mines Minister B K Handique has shot down a proposal by the Finance Ministry that sought 10 per cent or more disinvestment in state-owned aluminium giant Nalco. The government holds 87.15 per cent in the navratna company that earned profits of Rs 1,272 crore on a turnover of Rs 5,531 crore in 2008-09.
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The Hartwell Paper: a new direction for climate policy after the crash of 2009
Climate policy, as it has been understood and practised by many governments of the world under the Kyoto Protocol approach, has failed to produce any discernable real world reductions in emissions of greenhouse gases in 15 years.
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Illegal mining main reason for HIV infection among tribals
TRIBALS of Jharkhand, Orissa and Andhra Pradesh have become vulnerable to HIV infection due to illegal mining. Twenty one HIV positive cases have been reported from Noamundi iron-ore mines in Jharkhand alone, a health ministry official said.
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Govt puts Ktaka miners on notice for false numbers
MV Ramsurya & PP Thimmaya MUMBAI| BANGALORE THE government has started legal proceedings against 10 iron ore mining firms, which are part of larger companies, for providing inaccurate production and pricing figures. The alleged misleading information has caused a royalty revenue loss of about Rs 5,088 crore, people close to the development said.
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Infrastructure sector grows 7.2% in March
New Delhi: The infrastructure sector continues to grow at a healthy rate. In March, the six key sectors crude oil, petroleum refinery, coal, electricity, cement and finished steel posted an annual growth of 7.2%, boosting prospects of a robust overall industrial growth in the month. The six sectors had grown by 3.3% in March 2009.
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Ellisbridge to go & come back as BRTS route
Ahmedabad: After considerable deliberations, the engineering division of Ahmedabad Municipal Corporation (AMC) has opined that the 120-year-old Ellisbridge be pulled down in order to bring it back to its old glory. When rebuilt, the plan is to run the BRTS bus on it as an exclusive corridor that would look just like the original when the steel arches are placed back.
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13 industrial projects cleared
Himachal Pradesh would explore the possibilities of creating a Nanobiosys Technology Park in a joint venture, Chief Minister P.K. Dhumal said presiding over the 29th meeting of the state-level Single-window Clearance and Monitoring Committee held here today. The committee gave its clearance to 13 industrial-units involving an investment of Rs 973.82 crore and five expansion/revision proposals with an investment of Rs 692 crore potential for 4,414 persons. The approved units included Steel Authority of India and Ambuja Cements, besides many others. Addressing the meeting, the Chief Minister said the state would welcome investment in the latest technological advancements, which could ensure globally acceptable job guarantees to professionally qualified people of the state. He said the state had congenial environment for pollution-free industrial units and it fitted well for setting up of a Nanobiosys Technology Park. He said the state had already decided to create an IT Park in the state so that the global players were invited to open their outlets in the state.
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Clearance rush
Environment ministry clears projects, even those rejected earlier, at an unprecedented rate and as per this analysis by Centre for Science and Environment (CSE), the rate of granting clearances has increased by 42 per cent compared to last year.
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Orissa bats for Vedanta even as govt panel finds violations
New Delhi: Orissa government has come out in favour of the controversial Vedanta group with the BJD government in the state opposing the views of a central committee that bauxite mining in Lanjigarh were being carried out in violation of SC orders, the Forest Rights Act and the Forest Conservation Act.
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POLLUTION
Total suspended particulate matter (tspm ) levels have remained unchanged in Islamabad. Samples of air-borne suspended particulates, collected in the industrial zone of Islamabad, have shown
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We are ahead in attracting investments
Chhattisgarh, which became a separate state in November 2001, has the richest reserves of minerals in India. It is for the same reason that it is attracting a lot of investors, says the state's Chief Minister Raman Singh. In conversation with Yeshi Seli, the chief minister points out that steel and power projects would be attracting major investments in the years to come. The Tatas had evinced a keen interest in setting up a steel plant in Chhattisgarh but that ran into rough weather. What is the latest on that front? Substantial progress has been made ii the project that the Tatas would be setting up. The land acquisition proceedings have already been completed. And contrary to what some people may want to believe, majority of the farmers have accepted the compensation package. In fact, we are certain that onsite work on the project would begin by the end of February or the beginning of March this year. As far as the farmers are concerned, we have provided a modern and pro-people 'rehabilitation package' to them, which includes alternate agricultural land for those who want to continue with agriculture, instead of accepting an employment in the plant. As you may be aware, Chhattisgarh is rich in minerals and our government has formulated a specific policy of value, addition of our natural resources within the state. Our good quality iron ore, bauxite and lime stone have attracted a number of iron & steel, aluminium and cement industries to invest in our state. We are number one state in attracting investment proposals and have received offers worth around Rs, 10,000 crore. Installation of various industries is in different stages of completion and more than Rsl5,000 crore have already been invested in these sectors within the last four years. There were reports suggesting that L.N. Mittal wanted to set up a greenfield steel plant in your state... There are many Indian and foreign companies that are interested in setting up steel plants in our state. However, till something conclusive is arrived at, it would not be prudent on our part to divulge details for the same. Would your state prefer investment by domestic companies like the Tatas to international majors like Mittal? Projects which are in the interest of the state, be it by Indian or foreign companies, would be offered a level playing field in Chhattisgarh. However, we would look forward to proposals/investments in new technology sectors like it. It is also understood that Chhattisgarh has huge reserves of diamonds and international majors like De Beers were allowed to mine in the state. What were the results of the same? Yes, there are diamond reserves in our state. Regarding De Beers, some of its projects have been recommended by our government to the Centre for granting it prospecting licence. With new projects coming up, there would be additional requirement of power. Is your state equipped with adequate power? During the past two decades, not one new power project was established in our state. However, things have improved now, as thermal power projects with a collective capacity of 500 megawatt (mw) Tiave been established here recently. Also, an action plan has been prepared to make our state the power hub of the country. Accordingly, MoUs have been executed to set up power plants with 30,000 mw capacity, which would be worth about Rsl,35,000 crore. On 1 January 2008, Chhattisgarh became a 'no power-cut state'. Now, we are supplying power for 24 hours in our rural as well as urban areas without any interruption. We have also invested around Rs20,000 crore to improve our transmission and distribution network for quality power supply. How do you ensure law and order for those coming to invest, as there is a huge Naxalite problem in Chhattisgarh? The long-standing problem of Naxalites is not limited to Chhattisgarh alone. This problem will have to be tackled in close co-ordination with the Union government and other affected state governments. I think the efforts taken in this direction are yielding positive results. The worst phase, I feel, is over. People in the affected districts are now fed up with this menace and are voicing their resistance towards Naxalites, which is creating panic within the Naxalites. The state government is in control of the situation and I don't think it will affect the flow of investments in the state.
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Planning Commission set captive mines free for use by steel plants
Captive mines get green light
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SAIL in talks with Posco, Kobe for possible JV: MoS Steel
State-owned Steel Authority of India Ltd (SAIL) is in talks with South Korean steel major Posco and Japan's Kobe Steel for technology tie-ups to jointly set up steel plants, Parliament was informed today.
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Government clears 10 new projects
BHUBANESWAR: The State Level Single Window Clearance Authority (SLSWCA) today approved 16 projects, including 10 new ones, with proposed investment of Rs 30,000 crore to keep the process of industrialisation rolling. The projects once completed will generate employment to 47,000 people. Chief Secretary TK Mishra presided over the meeting of the committee.
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Green kill
The US military pumps over 700 million rounds of ammunition, or some 2,000 tonnes of lead into the environment every year during training. The metal pollutes the water supply and poisons the