Business Standard
Wednesday, May 30, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Par panel 'shocked' over delays in green nod to coal projects
Press Trust of India / New Delhi Aug 30, 2010, 14:41 IST

A parliamentary panel has expressed shock over the delay in forest clearances to 59 coal projects, hurting production targets by companies, engaged in coal mining.

"The Committee is shocked to observe that the inordinate delay in getting forest and environment clearances has been badly affecting the coal production target by the coal companies," said the Standing Committee on Coal and Steel.

The committee is constrained that as many as 59 coal projects have been held up for want of forest clearances, it said adding, "The committee deprecate that the (Coal) Ministry has failed to act as a facilitator on behalf of coal companies for getting necessary clearances from different agencies."

The country's largest producer, state-owned Coal India, which accounts for more than 85 per cent of the domestic production has already lowered its coal production target for the 2011-12 to 486 million tonnes from 520 million tonnes earlier mainly in view of such delays.

Coal Minister Sriprakash Jaiswal, in a report on status of implementation of the recommendations of the committee said ,"...It is a fact that forestry clearances are getting unduly delayed..."

However, he said, these issues have been taken up at highest level and both the Coal and Forest Ministries are meeting frequently to resolve the issues.

"Further, the issue of forestry clearances is also being addressed at the level of Prime Minister's office to resolve the pending issues concerned with different ministries.

The Coal and Mines Ministries are at loggerheads on the issue of classification of coal mining belt into 'go' and 'no-go' areas which saw the ministries of coal and environment locking horns.

As per such a classification, about half of the coal bearing forest area of nine coalfields has been declared no-go area, due to which, the coal ministry says, the country could see a coal shortage of 500 million tonnes in next few years.

Jaiswal had earlier expressed hope that, "A solution is expected before Coal India's initial public offer is launched." CIL is slated to launch its four-day public offer on October 18.

The issue is billed to be India's biggest till date and may raise up to Rs 15,000 crore.

Last month, after PMO's intervention, a high-level inter -ministerial panel had recommended that mining can be allowed in as many as 77 coal blocks that were made no-go affair by the Environment Ministry.

Now, as many as 126 blocks are in the 'no-go' area against the earlier 203.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Journey on, We are by Your Side. Click here to know more
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Striking Air India pilots have no rights to be trained: HC
- SBI to rework structure in circles
- KBC 6 gets record registrations
- UPDATE: NDA calls for Bharat Bandh on May 31
- Foreign investor norms eased to accelerate capital inflows
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us