Adani’s coal mine project gets re-approval in Australia
- Indian mining giant Adani’s plan to build one of the world’s largest coal mines got a new lease of life on Thursday after the Australian government gave its re-approval to the USD 16.5 billion controversy-hit project but with “strictest conditions” amid environmental concerns.
- The federal court in August had revoked the original approval due to a bureaucratic bungle over two vulnerable species — the yakka skink and the ornamental snake.
- The conditions imposed take into account issues raised by the community and ensure that the proponent must meet the highest environmental standards , Mr. Hunt stated.
- Conservationists fears that the project threatens the Great Barrier Reef and vulnerable species while worsening global climate change.
Government announces buffer stocks for pulses
- With pulses shooting up to Rs 190 per kg, the Modi Government on Wednesday swung into action and announced it will create a buffer stock using imports.
- A high-powered meeting headed by Union Finance Minister Arun Jaitley reviewed the price situation and announced that the Price Stabilisation Fund of the Centre will be used to cool prices of pulses.
- About 5,000 tonnes of pulses are lying at the ports, which states are yet to begin to lift, and another 2,000 tonnes of pulses that are in transit. In addition, 2,000 tonnes more will be imported.
- Hit by deficient monsoon and unseasonal rains, pulses output fell by about 2 million tonnes (mt) to 17.20 mt in 2014-15.
Delhi-Jaipur highway to be completed by December: Nitin Gadkari
- The much-delayed Delhi-Jaipur highway, connecting the national capital with ‘pink city’ will be completed by December, Union Minister Nitin Gadkari stated earlier.
- Completion of the Pink City Expressway project, which started in 2008, has been a priority for the ministry, he said, interacting with the media on board a bus to Jaipur to review the much delayed six-laning project.
- The Delhi-Jaipur highway project has been delayed due to various reasons including land acquisition and contractual issues. The project cost of the 260 km highway has shot up to Rs 3,000 crore from Rs 1,896 crore.
India ready to partner Africa in march forward: External affairs ministry
- India, with its non-exploitative approach based on dialogue in its dealings with Africa, is prepared to be a partner with the continent in its march forward towards governance, democracy and prosperity, in keeping with the Africa Agenda 2063 goals adopted earlier this year
- India’s approach in dealing with Africa has also to be flexible, in keeping with the diversities in that continent, which has some of the fastest growing nations coupled with those that are poor, different ethnicities, geographies among other things.
- There is need to take forward the engagement, including through building up the economic and trading links. India’s trade with Africa stands at $70 billion, with $30 billion worth of Indian investments.