Business Standard
Wednesday, Feb 08, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

High Court issues notices on Rishikesh housing project
Shishir Prashant / New Delhi/ Dehra Dun Sep 09, 2010, 00:31 IST

Amid a raging controversy over a Rishikesh housing project, the Uttarakhand High Court today issued notices to the state government and Board of Industrial and Financial Reconstruction (BIFR) on the issue of change in the land use pattern of an industry.

A division bench comprising Chief Justice Barin Ghosh and Justice B K Bist asked the government, BIFR and a private developer to reply within four weeks on a petition filed by an NGO.

The High Court notices came after union minister of state for labour Harish Rawat had accused the government of setting a wrong precedent in changing the land use pattern of the industry to facilitate a housing project at the holy city of Rishikesh near the Ganga.

The government had so far maintained that it only followed the advice of the BIFR on the matter. The government last year accorded permission to Mumbai-based Citurgia Biochemical limited, which was producing chemical carbonate at its Rishikesh plant, for a housing project. A lockout was declared in the factory in 2003 after it became sick and the matter was referred to the BIFR.

Though the government claimed that the permission for the housing project was accorded under a BIFR revival scheme, the opposition parties led by Congress had objected, saying there is no permission for constructing a housing project along the river Ganga. The opposition parties are seeking a CBI probe claiming the project was cleared in gross violation of environmental norms to benefit some BJP leaders.

The Citurgia company has so far maintained that it sold a part of the factory’s land to raise funds as part of the BIFR revival scheme. Chief Minister Ramesh Pokhriyal Nishank also denied the charges levelled by the opposition saying it was trying to tarnish the image of the government. “Everything was done strictly under the BIFR rules,” said Nishank.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets Today: What's in store?
- Ex-Goldman director Rajat Gupta may face more charges
- Rajaratnam trial 'personally challenging': Judge
- Asian shares becalmed as Greek talks drag
- Disney earnings beat despite shaky economy
  Read Business news in 
- Get 5% cashback on telephone bills with Citi
- Earn fuel worth Rs.2400 with Citi
- Now property search gets more exciting than ever before!
- Office 365 for professionals and small businesses.
- Be part of it The World's Largest Aircraft.
- Only Developer to give a guarantee on time space & rate.
- Financial Learning now made easier and more convenient.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Are You Serious About Your Future? Click here to know more
-  Introduce a New Automotive Luxury Car.. know more
- Making lives better through Social Innovation Business..
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Kolaveri Di singer at IIM-A
- Hiranandani, Hyundai in talks for LNG terminal
- ITIs escape job gloom
- Rajeev Malik: The global risk on-off fireball
- Should diesel cars be taxed?
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us