Popular Articles

Irda asks insurers for info on commission paid to banks
Sectoral watchdog Insurance Regulatory and Development Authority (Irda) today asked insurance companies to provide information on commission paid to the banks for selling policies.

Court asks HUL not to use 'Boro' word in Vaseline ad
In what could be termed as a victory for home grown FMCG player Emami, the Kolkata Civil Court has restrained Hindustan Unilever (HUL) from running a campaign using the word "Boro" in its advertisement for Vaseline.

News of the day

ICICI Bank Q3 net dips 26% to Rs 1,101 cr
Private sector lender ICICI Bank today reported a 26.36 per cent drop in consolidated net profit at Rs 1,148.66 crore for the third quarter (Q3) ended December 31, 2009.
Online Business

Panel to look into Bhagirathi projects

The Uttarakhand High Court on Monday asked the newly-constituted Ganga River Basin Authority to set up an expert committee to decide the fate of the three key hydel projects on river Bhagirathi. - Breather for NTPC as HC okays U'khand project A two-member bench comprising Chief Justice VK Gupta and Justice VK Bist, however, said the authority was free to resume the work on these projects if it thinks such decision was in public interest. While the 480-Mw Pala Maneri and the 381-Mw Bhaironghati are being developed by Uttarakhand Jal Vidyut Nigam Limited, the 600 Mw Lohari Nagpala is being constructed by NTPC. A total investment of approximately Rs 8,000 crore is proposed in these three projects. The high court asked the authority to constitute the committee comprising experts within four weeks. The committee would take two months to prepare its report on the environmental impact and other concerns regarding the projects. The Uttarakhand government last year suspended the construction of Pala Maneri and Bhaironghati following agitation by environmentalist GD Agrawal and other social activists. While the construction work on the Bhaironghati and Pala Maneri remained suspended, NTPC resumed the work on Lohari Nagpala in February this year following the relief by the high court. Earlier, the Centre had suspended the work of Lohari Nagpala too on environmental issues. “Now it is up to the Centre to decide the future of the three projects,” said Pallavi Bahuguna, the petitioner of RLEK, a Dehra Dun-based NGO, which was seeking the early completion of the three projects. Significantly, NTPC had already invested Rs 450 crore in the Lohari Nagpala project with contracts of headrace tunnel, barrage and powerhouse already being awarded to various private companies.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):