MUMBAI: Electronic goods companies, including multinationals that have been operating in India for at least a decade, could see pressure on profit due to a proposed rule on electronic waste disposal and its treatment under current accounting standards. Companies such as Samsung, LG, Apple and Nokia will be required to collect a predetermined percentage of the goods they sell every year, stretching back over the past 10 years.
Under Indian Account Standards (Ind-AS), the companies will be required to provision for this cost in the current fiscal, leading to a possible erosion in earnings. They have asked the Ministry of Environment, Forests and Climate Change to amend the rule and strip out its retrospective nature.
Courtesy: The Economic Times
New Delhi: The union environment ministry has proposed to transfer some of its powers to state-level bodies while deciding on green clearances to projects related to non-coal mining, irrigation and townships.
Environmentalists slammed the proposal as an abdication of responsibility by the environment ministry which would lead to arbitrary decisions making by state-level bodies, potentially weakening environmental regulations.
Under the draft notification published on Monday, the Harsh Vardhan-led ministry proposes to amend Environmental Impact Assessment (EIA) 2006 regulations to transfer its powers to grant environment clearances to non-coal mines, river valley and irrigation projects and townships till a certain threshold to the state-level environment impact assessment authority (SEIAA).
Courtesy: Hindustan times
In response to an application under the Right to Information (RTI) Act filed by citizens’ group Watchdog Foundation, the Maharashtra Pollution Control Board (MPCB) released a statement that it has shut down 834 polluting factories over the last two years.
These factories, located in Maharashtra Industrial Development Corporation (MIDC) area, were asked to shut down after investigations by the MPCB revealed that they had violated the Water (Prevention and Control of Pollution) Act, 1974, and the Air (Prevention and Control of Pollution) Act, 1981.
P Anbalagan, member secretary, MPCB, said, “We asked these factories to shut down as a last resort, after they repeatedly failed to comply with environmental laws. We were forced to take this action on the basis of the severity of the violations.” He also added that there are over 90,000 factories in the state, which meant that less than 1% of the factories were found to violate pollution control laws.
Courtesy: hindustan times
Khammam: Getting permission from the National Board for Wildlife (NBWL) for acquiring forest land for Sitarama Lift Irrigation Project (SRLIP) is not an easy task and the officials of the Irrigation Department are equipping themselves with answers to all the queries that may be posed by members of the Board. After getting permission from the Telangana Board for Wildlife to acquire 442 hectares in the eco core zone of Kinnersani Wildlife Sanctuary, the state government is speeding up the process of getting permission from NBWL. The Board permission is mandatory for the 442 hectare land acquisition to irrigate 6.75 lakh acre through SRLIP. The Kinnerasani Wildlife Sanctuary, which spread across 62,500 hectare once, has been reduced to 40,000 hectare due to the encroachments. The sanctuary spreads in four assembly segments of Kothagudem, Yellandu, Pinapaka and Wyra.
Courtesy: Deccan Chronicle
The southern bench of the National Green Tribunal has directed the Commissioner of Pammal municipality to start bio-mining of hazardous waste dumped in private land in four survey numbers in Pammal Village by January 2018.
In bio-mining, micro-organisms are used to leach and remove metals from their growth medium.
Judicial member Justice M.S. Nambiar also directed that the process of installation of the machinery should be completed within 90 days, before March 31, 2018, and the entire bio-mining process should be finished by December 31, 2018.
Courtesy: The Hindu