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Tuesday, December 14, 2010

IN NEWS


14/12/2010
Spend 50 pc of CSR funds for afforestation: Par panel
New Delhi, Dec 13 (PTI) A Parliamentary panel has sought a policy making it mandatory for banks, major PSUs and firms in public and private sector to invest 50 per cent of the Corporate Social Responsibility (CSR) funds for afforestation which needs huge financial resources. "If the government makes it mandatory that 50 per cent of the money being spent towards CSR (will be used) for massive afforestation then millions of hectares of land will be covered by forests.
"At the same time the government will not have to worry about the fund...since the corporate world is already spending by way of CSR towards welfare activities," said the panel in its report tabled in Parliament today.It stressed on the need for formulation of such a policy to be implemented under the Environment Ministry......

37 mines in Orissa operating under deemed extension
BS Reporter / Kolkata/ Bhubaneswar December 13, 2010, 0:58 IST
As many as 37 mines in the state are operating under deemed extension following expiry of their lease term and non-renewal of the lease in time. These include iron ore, chrome ore, bauxite, manganese, limestone and dolomite mines of companies like Tata Steel, Essel Mining Industries, Jindal Steel & Power (JSPL), Orissa Mining Corporation (OMC), Rungta Mines, OCL India and Ferro Alloys Corporation to name a few. ........

Coastal Maharashtra set to be India's new power hub
December 13, 2010 12:05 IST
Three districts of Maharashtra- Ratnagiri, Sindhudurg and Raigad - on the western coast are set to become the power hub of this part of the country. State-run and private sector companies plan to set up projects adding to 33,943 Mw in these three districts, known for agricultural and horticultural production.
Most of these projects are to be based on imported coal. There will also be two gas-based projects, which include the existing one at Dabhol, and another in Raigad district, to be built by Reliance Power. Nuclear Power Corporation has a 10,000-Mw project at Jaitapur in Ratnagiri district. ..............

Is bamboo a tree or a grass?
Sunita Narain  | 2010-12-13 01:10:00

Both sides in Lavasa dispute present case to ministry; await Jairam’s return
December 13, 2010 06:37 PM  | 
http://moneylife.in/article/4/12172.html

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