A committee of experts constituted by the Goa Government has recommended a cap on extraction of iron ore in the coastal state to 20-25 million tonnes (mt), which is almost half the existing exports

VASCO: Goa Barge Owners Association President Atul Jadav stated that Goa Barge owners are in deep financial crisis, following a clamp down on illegal mining and a ban on export of dumps.

Addressing a press conference in Vasco, Jadav said the quantum of exports dropped from 54.45 million tonnes in 2010-11 to 42.0 million tonnes in 2011-12.
“Number of trips by individual barges, owned by private entrepreneurs, fell from 123 on an average during 2010-11 to about 60 trips during 2011-12. In order to break even, a barge should make at least 100 trips a month,” said Jadav.

In a shocking incident, a consignment of pickle meant for export to Canada was found to be contaminated with Sudan 1 — a dye, typically used for colouring oils, waxes, petrol, shoe polishes and thought to increase the risk of cancer.

Calling it a serious issue, the Food Safety and Standards of India (FSSAI) has sent out an advisory to all states and UTs to make concerted effort to check such type of menaces in local market. The FSSAI has also asked the commissioners of food safety of states to take stringent measures.

New Delhi In its bid to regulate the food sector, the government has launched a census for food business operators in the country.

CORTALIM: The Goa State Pollution Control Board's (GSPCB) decision to hold the environmental public hearing for the proposed 7.2 MMTPA Iron-Ore Export Terminal at Mormugao Port has raked up a controversy.

The hearing is scheduled on July 24, which happens to be the day on which week-long Shree Damodar Bhajani Saptha festivities commence in the port town.

Major cause of slowdown was drop in investment, which slumped to (-)1.9%, y-o-y during latest 3 quarters from 2010 double-digit levels

India's economic troubles are mostly self-inflicted, resulting from policy paralysis and opposition to reforms - a situation that is unlikely to change before the general elections in 2014, says a report. "That (situation) is unlikely to change until the 2014 general elections at the earliest," said the report - Emerging Asia Economics Update - What's Gone Wrong in India? - by Capital Economics, a global macro-economic research consultancy.

National Advisory Council member Aruna Roy and several activists, including Jean Dreze, Annieraja and Harsh Mander, have appealed to Prime Minister Manmohan Singh to reverse the Cabinet Committee o

Posco-India, which had initially proposed to invest $12 billion to set up a 12-million-tonne per annum (MTPA) steel plant on 4,004 acres of land near Paradip in Orissa, has submitted a revised proposal to the state government seeking transfer of 2,700 acre land in its favour for establishing a 8 MTPA factory.

“Recently the revised proposal for Ac 2700.00 land was given by Posco India for establishment of 8 MTPA steel plant,” the state government said while submitting the latest status report on India’s biggest foreign direct investment project to the Central government.

Iron ore mining may resume by end-August in 14-15 leases in Karnataka’s Bellary region. The mines have a capacity of 4-5 million tonnes per annum.

Total capacity pegged at 5.5 mn tonnes, including 2.2 mn tonne mine run by Sesa Goa

Karnataka government has recommended approval of eight iron ore mines in the state with a total capacity of 5.5 million tonnes per year, said H.R. Srinivasa, director, department of mines of geology in the state. A decision on this by a Supreme Court-appointed committee is expected later on Wednesday, Srinivasa said. The recommendation includes a 2.2 million-tonnes-per-year mine operated by Sesa Goa in the state.