Tag: toi

Bhushan Steel plant scrapped

Location of the Bellary district with respect ...

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The state wildlife board has decided to scrap the Rs 27,000 crore integrated steel plant of 6 million TPA (tonnes per annum) capacity proposed to come up in Bellary district adjoining the Daroji Bear Sanctuary.

After many deliberations and field visits, the state wildlife board and forest officials found that the site location was within the proposed eco-sensitive zone of the bear sanctuary.

The proceedings of the fourth meeting of the state wildlife board conducted by former CM B S Yeddyurappa on July 26 quoted the issues as: “Some part of the proposed areas include reserved forests, deemed forests and fall within the proposed eco-sensitive zone of Daroji Wildlife Sanctuary.

Within a 10 km radius of the proposed site, are forests like Joga and Billakallu, Donimalai and Torangallu reserve forests.


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Gold rate touches nearly Rs 25,000

Gold prices rose to a new high in India to over Rs 24,000 per 10 gram, tracking international prices which neared the $1,700 per ounce mark on Wednesday.

While this is good news for investors in the yellow metal, it is bad news for those who are planning to buy gold jewellery.

Over the last one year, gold prices in India have risen by 34%, and this is attributed to the current gloomy outlook for the global economy, the rising inflationary pressure and the weakness of the US dollar against other major currencies like Japanese Yen and Swiss Franc, market players said.

“Gold is usually used as a hedge against weak dollar and rising inflation.”

Gold rate touches nearly Rs 25,000 – The Times of India.