Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: due date for vat payment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: VAT RATES :: empanelment :: list of goods taxed at 4% :: VAT Audit
 
 
« News Headlines »
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 How to Make Tax Saving Investments Less Taxing with an SIP in ELSS
 NRIs having only investment income may not file tax returns
 With income tax returns filing deadline near, here are 3 major things to do before March 31
 When public becomes tax gatherer
  Tax dept makes public list of defaulters owing Rs448 crore
  Filing of online return for 3rd quarter of 2016-17 extension of period thereof
 No proposal to replace Income Tax with Banking Cash Transaction Tax

GoM forms sub-committee on future of NTPCs North Karanpura power project
September, 21st 2011

The Group of Ministers (GoM) headed by Pranab Mukherjee has decided to refer to a sub-committee headed by Planning Commission member, B.K. Chaturvedi, the issue of relocation of NTPC's 1,980 MW North Karanpura plant in Jharkhand.

The sub-committee has been asked to submit its report to the GoM within a month, Coal Minister Sriprakash Jaiswal told reporters here after an hour long meeting of the panel. We will take a decision on the issue accordingly, Mr. Jaiswal said.

The relocation of NTPCs power plant has been a major bone of contention between the Ministries of Coal and Power as the plant is planned in an area that has six billion tonnes of coal reserves.

The Coal Ministry has been arguing in favour of relocating the proposed plant which is being resisted by the Power Ministry. The matter had been referred to the GoM later. The Rs. 8,000 crore NTPC project has been hanging fire for almost a decade due to a controversy over its location. The North Karanpura project, situated in Chatra district of Jharkhand, was supposed to be implemented during the current Plan period.

Jayanthi defends no-go zones

The GoM also deliberated on the earlier report of the Chaturvedi Committee, which said that the Environment Ministrys demarcation of coal mining blocks in heavily forested regions into go and no go areas had no legal validity.

According to sources present at the meeting, Environment Minister Jayanthi Natarajan refused to compromise on this issue, insisting that some blocks would remain off-limits for mining. Whatever the classification was called no-go zones or any other name there would have to be some areas where mining could not be carried out, she insisted. However, sources added that she had expressed her willingness to consider projects of national importance on a case-by-case basis.

Her position was supported by the Finance and Home Ministers, according to sources.

Ms. Natarajan also reportedly refused any blanket relaxation of pollution norms, or regulations regarding coal linkages and project expansion, but promised to consider individual cases if necessary.

With regard to the Forest Rights Act, Tribal Affairs Minister Kishore Chandra Deo reportedly insisted on the consent of the gram sabha as a pre-condition for a forest clearance.

However, sources said that several procedural recommendations of the Chaturvedi Committee including time-bound and transparent clearance process, with simultaneous applications for forest and environment clearances had now been accepted by the GoM.

The clash between the Coal and Environment Ministries regarding no-go zones and other environmental and forest clearance issues had prompted Prime Minister Manmohan Singh to constitute this GoM in February.

While the Environment Ministry had put 203 coal blocks in no-go mining areas, the Coal Ministry argued that potential coal production to the tune of 660 MT was affected due to the classification, amid ever widening demand-supply gap of the black gold. According to the coal ministry, the demand-supply gap of coal is likely to touch 137 million tonnes (MT) in the current fiscal.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions