Reserve may submerge in Ken-Betwa project

September 25, 2016

New Delhi, Sep 25: About 7.2 lakh trees and a huge 90 square kilometres area of Panna Tiger Reserve (PTR) may be submerged in water due to the Ken-Betwa river linking project, according to an official report.

tiger

There will be also be an "irreversible" loss of breeding sites for wild animals after submergence of critical and specialised habitats under the proposed project which is likely to cost over Rs 9,000 crore.

The Ken-Betwa project is expected to provide drinking water supply for 13.42 lakh people and help irrigate 6.75 lakh hectares of land in the poverty-ridden Bundelkhand region covering parts of Madhya Pradesh and Uttar Pradesh.

The project is founded on construction of a dam at Dhaudan village inside the PTR's core area in Chhatarpur district of Madhya Pradesh.

"The entire forest area under the proposed submergence both within and outside PTR is tiger habitat, while the non-forest area is potential tiger habitat. Thus, about 90 sq km area of tiger habitat, including potential habitat, will have to be considered as submergence zone," National Board of Wildlife (NBWL) Standing Committee report on Ken-Betwa link project said.

At present, there are around 35 tigers in the reserve, which had in 2009 reported extinction of the big cats.

The report, which has been submitted to Union Environment Ministry, said the total counting of trees in the proposed submergence area has not been done, but a sample survey by the forest department has estimated that "about 7.2 lakh trees above 20 cm girth at breast height would submerge in the national park area and this number may go up to about 12 lakh stems when young poles and established sapling are accounted".

It said an equally high number of trees will be cut or lost in the forest areas outside the national park. "Thus considerable quantity of carbon stored as biomass would be released once the dam is constructed, in addition to loss of vegetation diversity," said the report, a copy of which was received by wildlife activist Ajay Dubey in response to an RTI query filed by him.

He said the National Green Tribunal and appropriate court will be approached to challenge the proposed project on the basis of the report's findings. The report said Panna Tiger Reserve has largely been valued with respect to the requirement of the tiger.

"The importance of other key wildlife such as sloth bear, leopard, rusty spotted cat, hyena, sambhar, chital, four-horned antelope and chinkara are largely ignored under the shadow of tiger, although tiger conservation may support the conservation of its associated fauna. Ken river along with its tributary is a lifeline of the park. Ken river basin is full of gorges, caves, rock crevices which are normally occupied by wild mammals for breeding and resting.

"During hot days in summer, these gorges, caves, rock crevices are major shelters for some of the animals listed above. Loss of breeding sites will be irreversible after submergence of these critical and specialised habitats, specifically in the major submergence zone," it said.

The blasting of stone quarries, use of heavy machinery, movement of heavy vehicles and presence of over 500 workers (at a time) for construction are some of the "major concerns", the report said.

"Given that the region (Bundelkhand) is poverty-ridden, the realised benefit of the project cannot be ignored and that there would certainly be a need to strike a balance between wildlife conservation and people's livelihood considerations," it said. The estimated cost of Ken-Betwa project is Rs 9,393 crore.

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Agencies
March 7,2020

New Delhi, Mar 7: The Union government has issued a Global Invite for Expression of Interest for disinvestment in Bharat Petroleum Corporation Limited (BPCL) from prospective bidders with a minimum net worth of $10 billion as of Saturday.

The EoI submissions can be made till May 2, whereas investor queries will be entertained till April 4.

Another condition pertains to a maximum of four members are permitted in a consortium, and the lead member must hold 40 per cent in proportion. Other members of the consortium must have a minimum $1 billion net worth.

The EOI allows changes in the consortium within 45 days, though the lead member cannot be changed.

The GoI proposes to disinvest its entire shareholding in BPCL comprising 1,14,91,83,592 equity shares held through the Ministry of Petroleum and Natural Gas, which constitutes 52.98 per cent of BPCL's equity share capital, along with the transfer of management control to the strategic buyer (except BPCL's equity shareholding of 61.65 per cent in Numaligarh Refinery Limited (NRL) and management control thereon).

The shareholding of BPCL in NRL will be transferred to a Central Public Sector Enterprise operating in the oil and gas sector under the Ministry and accordingly is not a part of the proposed transaction.

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Agencies
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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