Log has written
WEDNESDAY, FEBRUARY 15, 2012

Mumbai: Orissa, which is the source of about 13% of the nation’s iron-ore exports, has ordered 50 mines to halt operations for flouting environmental rules.

Another 78 producers of other minerals such as mica and limestone will also be closed, Ashok Dalwai, Orissa’s steel and mines secretary, said on Tuesday.

*********

Labour intensive sectors may get industrial parks

New Delhi: The Union government has decided to set up industrial parks for more labour intensive sectors in the line of leather parks which are presently in operation.

The minister of commerce and industry Anand Sharma on Tuesday said that the ministry has received the approval of the Planning Commission and such parks will come up very shortly. Later, industry secretary Ajay Shankar said that such parks will be established for sectors such as toys, sports goods, ceramic, electronic and home appliances. The government will assist with 50% of the infrastructure cost, which excludes cost of the land, subject to the maximum of Rs40 crore per park.

— Asit Ranjan Mishra

*********

Tags - Find More Articles On:
READ MORE ARTICLES BY:
blog comments powered by Disqus
Inflation at 2-year low; risks remain
Fall increases chances of monetary easing by RBI; analysts warn macroeconomic risks could reverse trend
Home, auto and personal loans see sharp fall in growth
The year-on-year loan growth to capital-intensive industries slowed to 19.8% between December 2010 and...
Banks oppose Irda norms on retailing policies
With banks starting their own insurance ventures, non-bank promoted insurers have been finding it difficult...
Tata Motors net profit up on strong JLR sales
The company’s profit soars 41% to a record high of Rs 3,406 crore in the three months ended December
RBI warns on bad loans, but says situation not alarming
Sinha said it will be more challenging for banks to find equity investors after the stricter capital...