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Popular Articles

Thinking out of the cage
Admittedly, Nehru was there at the start of things, the end of an age, the awakening of a nation, that tryst with destiny. So he and others of his generation were better placed than we are to think laterally, to explore all of history for models towards which to incline the path of our future. He also spent years in prison, an enforced separation from the bustle and fire of the freedom movement which enabled him to look beyond the constrained present to the past and future, all in the service of his country. In other words, he used his time in prison to think big for India.

Bank of Maharashtra, SBI join hands to distribute MFs
Bank of Maharashtra and State Bank of India Funds Management have joined hands to distribute mutual funds of the latter through the bank"s branches across the country.

News of the day

Markets at a glance
Key benchmark indices surged as India’s economy expanded at higher than the expected rate of 7.9 per cent for October. Global markets gained after Dubai financial crisis fears receded. Indian markets opened strong at the start of the week, however, the week’s close saw some profit booking as worries mounted of a weaker-than-expected jobs report from the US.
Small Business

Jindal's power project faces another roadblock

Jindal India Limited"s 1200 MW thermal power plant proposed to come up at Kaniha near here at an investment of Rs 6,000 crore has faced yet another roadblock. Sensex ends up 35pts The meeting, presided over by Nirmal Mishra, the local sub-collector, had decided that depending on the percentage of their land lost, the land losers will get an additional cash compensation ranging from Rs one lakh to Rs three lakh. This additional compensation is beyond what is mentioned in the state"s Rehabilitation & Resettlement (R&R) Policy. The land losers opposing the decision have announced they would not allow the company to start construction work without fulfillment of their four-point charter of demands. One of their major demands is payment of Rs 15 lakh as cash package by Jindal India Power to those land oustees who fail to get a job in the company. Company sources said the construction work on their power plant was running six months behind schedule even though they had paid almost the entire compensation amount to the land losers in all the three affected villages. “We have paid Rs 7.45 lakh per acre of land to the land losers, the highest paid by any company in the state. Land acquisition for our power plant is over”, said a company source. It may be noted that a solution is yet to be worked out despite 11 meetings held so far involving the local villagers, company officials and the district administration. Earlier, the Rehabilitation and Peripheral Development Advisory Committee (RPDAC) Committee in its meeting failed to take any decision on the issue of payment of cash package to the land losers. Later, a sub-committee, headed by the district collector and with the local MP and MLAs as its members, was formed to take a final call on on the issues of displacement and compensation. The sub-committee is yet to meet even though it was formed a month back. The sub-committee is likely to hold a meeting this month and its decision on the issues of displacement and compensation of the power project is awaited, said a top company official.


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