Projects to pay for clean up if environmental damage is found
'The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM'
'Even one accident can cause problems for the entire coastal system.'
'If I had to make a call whether to head back to India and finish the tournament, it would be an easy decision. It's a no from me. Lives and safety are the most important thing, not pay cheques.'
The government is working to expedite clearances to $12 billion project of steel major Posco in Odisha that was awarded environment clearance last week, Commerce and Indutry Minister Anand Sharma said on Tuesday.
The environment ministry on Thursday gave its nod to a plan for constructing a grand statue for Maratha warrior king Shivaji in the Arabian Sea off the coast of Mumbai.
Adani Ports and JSW Infrastructure, India's leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. "With incrementally less availability of lucrative port assets that can drive cargo volumes, port operators have naturally shifted their focus on deriving value in the upstream integration, i.e., the logistics space.
The Budget 2025-26 meets the expectations of fiscal consolidation, maintaining capital expenditure, and boosting consumption through tax cuts.
'With technology advancing, we should go all out and put up solar, wind, pumped storage, and battery, and make India go green.'
ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.
Footwear companies were among the weakest performers in the consumer discretionary sector during the October-December quarter (Q3) of 2024-25. The combined revenue growth of the top four listed firms was just 2.9 per cent year-on-year (Y-o-Y) - the lowest among major discretionary categories.
The draft environment impact assessment (EIA) notification, 2020, which involves the procedure of issuing environmental clearances to various projects, was issued by the Environment Ministry in March this year and has received thousands of suggestions from the public.
'The pollution has increased. We are facing breathing problems and irritation in the eyes'
The Green Panel also questioned the building up of pontoon bridge by the army on river Yamuna for the festival, and asked the Delhi Development Authority counsel as who gave the permission for setting it up.
There is a proposal from the BJP camp that they would resort to a proportion-based increase in the number of Lok Sabha seats for individual states, based on what they now have. On the face of it, this sounds like a fine argument that those demanding a 'freeze' now cannot oppose without reasons and justification, avers N Sathiya Moorthy.
As many as 417 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.77 lakh crore in September this year, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,763 projects, 417 reported cost overruns and as many as 842 projects were delayed. "Total original cost of implementation of the 1,763 projects was Rs 24,86,402.70 crore and their anticipated completion cost is likely to be Rs 29,64,345.13 crore, which reflects overall cost overruns of Rs 4,77,942.43 crore (19.22 per cent of original cost)," the ministry's latest report for September 2023 said.
The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.
Govt has allowed transfer of clearances granted to the previous allottees to new owners.
It requires Rs 90,000 crore (Rs 900-billion) investment, of which one-third (Rs 30,000 crore or Rs 300 billion) should be private equity.
The Steel Ministry on Wednesday said it may seek from the Environment Ministry speedy clearance to Posco's Rs 54,000 crore (Rs 540 billion) project in Orissa.
Rules for mining, roads, power and irrigation projects relaxed.
The Rs 4,675-crore Navi Mumbai airport project, which is being developed by CIDCO, may be delayed by a few months in the wake of serious objections being raised by the environment ministry. The project that has Cabinet clearance and approval from the International Civil Aviation Organisation will now be taken to Prime Minister Manmohan Singh for final clearance since the environment ministry has raised issues relating to the site.
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Earlier, a high-level Environment Ministry panel -- the Expert Appraisal Committee for Building Construction, Coastal Regulation Zone, Infrastructure Development and Miscellaneous projects -- had recommended the project.
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While 44 per cent of the problems relate to environmental issues, 60-65 per cent under the PMG radar are coal-fired thermal power projects mostly awaiting coal linkages.
Says pre-1991 licence raj should not return, clearance process to be overhauled.
In March, the United Kingdom's then sports minister Lucy Frazer called on sporting bodies in the country to reassess their rules on transgender athletes competing in women's sports to ensure fairness.
The ECB had been waiting for the BCCI's final go ahead before intensifying its preparations for the tournament.
After putting the project on hold last year, Union Environment Minister Jairam Ramesh on Monday granted conditional clearance for South Korean major Posco's $12 billion steel mill project in Orissa.
The Narendra Modi-led government has issued around 50 fresh guidelines easing conditions for industry in about six months, beside launching an online system for applying environment clearances.
Of these, 14 have received environmental clearances and four forestry clearances.
Environment is holding up growth and economic development is a common refrain.
Facing flak from industries over alleged delay in projects due to green rules, Environment Ministry on Monday came out with a new proposal of "compensatory afforestation" to help them get early forest clearances.
If required, the power ministry would challenge the Jairam Ramesh-led Environment Ministry, sources in the know said.
The Narendra Modi-led National Democratic Alliance government has given environment clearance to five projects since it took charge on May 26.
Currently, major port projects have to get clearances under the Coastal Regulation Zone notification of 1991 and an environmental clearance from the central government.
Forests Jairam Ramesh's ambitious plan to redesign the institutions of environmental governance has come up against serious resistance from environmental experts who say the concept does not address fundamental problems.
There is good news for coal mine developers who want to go in for expansion. The Ministry of Environment and Forests (MoEF), in its new notification, said the developers that had already bagged environment clearance for their existing projects might be exempted from the stipulated public hearings for obtaining clearances for their expansion projects, provided they met certain criteria specified by the ministry.
CCI has also raised the ceiling of 4,000 km of four-laning under the National Highways Development Project phase-IV to 8,000 km on a build, operate and transfer (BOT-toll) mode.
The Environment Ministry had earlier this month termed as "incorrect" claims that Adani Port and SEZ was spared a hefty fine of Rs 200 crore.
A draft paper envisaging such stringent rules by seeking an amendment in Environment (Protection) Act 1986 is being prepared by a panel set up to examine the issues relating to monitoring compliance of environmental clearance conditions and will soon be available for public opinion.
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