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'India key to our future plans'
Dilip Kumar Jha / Mmbai August 11, 2009, 0:24 IST

NPS annual fee may come down by Rs 70
The annual maintenance charges for subscribers of the New Pension System (NPS) may come down by Rs 70 from April. National Securities Depository (NSDL), the record-keeper for NPS, expects over one million people to join the scheme in the next six months, leading to a reduction in the account maintenance fees from Rs 350 to Rs 280.

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Media kingpin BCCL a large PE player, too
Bennett Coleman and Company Ltd (BCCL) may be the most profitable media company in India but the company’s balance sheet reveals a lot more than the P&L.
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MCL's mineral operations hit land hurdle

The miming operations at the mega Bhubaneswari open cast coal project of Mahanadi Coalfields Limited (MCL) may come to a grinding halt unless the villagers of Jilinda provide the land as per the agreement. - Consumers peeved at inferior coal quality - Infra constraints at Talcher hit coal supply - MCL"s pipe water supply scheme faces delay - Coal India asks subsidiaries to prepare rake requirement list - PPP coal project at Talcher to start production next year “The mine will work for a few days only. The daily production has already gone down from the normal level of 18000 tonnes to 7000 tonnes due to want of land. Practically, there is no land for the mine to operate”, said an MCL official. According to sources, MCL has acquired 466 acres of land in the village and given appointment to 242 oustees while 21 cases are being examined. Twenty four land losers have accepted cash compensation in lieu of jobs and the remaining cases were not eligible for giving employment as per the rule. At the time of appointment, there was an agreement between the MCL and the villagers according to which the villagers were supposed to vacate their homestead land within six months. Thereafter, the displaced villagers were to be shifted to the newly constructed rehabilitation colony at Gurujang, close to the site of the mining project. However, even after six months, not a single land loser has vacated his land so far, thereby creating land constraints for the mining project. The coal officials have held a series of meetings with the villagers in the presence of senior state government officials but of no avail, sources said. The villagers on the other hand want the pending cases for job to be cleared and the rehabilitation site at Gurujang to be fully equipped with all the facilities. The MCL officials have apprised the district collector on the matter. The Bhubaneswari coal mine, which is run entirely through outsourcing, has a target to produce 4.5 million tonnes of coal in the current fiscal. In 2008-09, the coal production from this mine stood at 1.8 million tonnes.


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