The Union petroleum ministry has issued directives to Indian Oil Corporation (IOC) to not consider any investment in Haldia Petrochemicals (HPL) since the oil major has no room to leverage its finances with government subsidy required to post profits.

IOC posted a R22,451 crore net loss in the first quarter of FY 13, though in the second quarter it came round the corner posting a R9,611-crore net profit. A petroleum ministry official told FE that IOC’s 9.6% holding in HPL already has a negative impact on its balance sheet since HPL shares are R(-)5 per share at present.

Calcutta, Sept. 25: At least 53 lakh families in Bengal have to walk half a kilometre or more for drinking water, according to provisional census data.

TAMLUK, 5 SEPT: The rapid expansion of shrimp cultivation in East Midnapore district has been causing trouble, as hundreds of hectares of agricultural land has been converted into shrimp ponds.

Aug.

The Union Environment Ministry’s expert appraisal committee has objected to West Bengal’s Super Critical Imported Coal Based Thermal Power Plant at Nayachar Island, saying that it stands on ecologi

TAMLUK: The economy of East Midnapore district could be in trouble, since it is heavily dependent upon the cultivation of Bagda prawns, a product for which there is dwindling demand.

Belpahari, Aug. 7: In the past 40 years, only one chief minister — S.S.

Calcutta, July 10: Work on Bengal’s largest industrial venture is likely to get under way in October as the Jindals and the Mamata Banerjee government have resolved differences over the Rs 35,000-c

TAMLUK, 6 JULY: The Karanjee Subhash Vidyabhaban at Balisai in East Midnapore will be the first school to implement a Central rainwater harvesting project.