Cachar Paper Mill faces financial crisis

The government has given grant for meeting the mill's operational costs and has provided working capital support for the mill.

GN Bureau | July 21, 2016


#Lok Sabha   #Cachar Paper Mill   #Babul Supriyo  

 Cachar Paper Mill (CPM), a unit of Hindustan Paper Corporation, is facing financial crisis on account of non-availability of coal, the government has said. Coal is not available due to a blanket ban imposed by National Green Tribunal (NGT) on mining and transportation of coal in Meghalaya, which supplied 100 percent requirement of the mill.

"Coal cannot be sourced from other places as there is no broad gauge linkage inside CPM premises," minister of state for heavy industries and public enterprises Babul Supriyo said in a written reply to the Lok Sabha. 
 
The minister said that the government has taken several measures which includes grant for meeting the mill's operational costs on account of transportation to mitigate the logistic disadvantages of CPM and the department of heavy industry has also provided working capital support for the mill. 
 
While replying to a separate question on surplus land with PSUs, the minister said that ministry of urban development has set up a web portal to develop a centralised database of all government land including those belonging to government-controlled statutory authorities and CPSEs.
 

Comments

 

Other News

I believe we are at crossroads, says deputy governor RBI

  Only a bank that fears losing its deposit base or incurring the wrath of its shareholders is likely to recognise losses in a timely manner. In many of our banks, such market discipline is simply not present at the moment, said RBI deputy governor Viral V Acharya.  

India improving rice variety for flood prone areas

Farmers would no longer have to fret when the surging river water inundates their fields as scientists are working on rice varieties that are hardy and would grow in fields which have been submerged by flash floods. Dr Nitendra Prakash of crop research station at Bahraich, Uttar Pradesh told

At 55.28% BMC sees highest voter turnout in 25 years

Mumbai recorded its highest ever turnout in the civic elections on Tuesday with 55.28% voters exercising their franchise. Voter turnout in R Central ward of Charkop-Borivali was 61.5% followed by 60

A mirage called disinvestment

The government is getting ambitious. It wants to divest some PSU shareholding and raise a staggering Rs 72,500 crore during the 2017-18 fiscal. The mood is upbeat among finance ministry mandarins due to the heartening performance of the exchange traded fund (ETF), a basket of 10 bluechip central public ser

Cash Donations: More opacity with legal backing too

While presenting the budget, the finance minister made an announcement about making donations to political parties more transparent. If the proposals to amend the relevant laws are approved by parliament, from April 2017 donations to political parties can be made in cash only up to Rs 2,000; payments of hi

Is UP headed for a hung assembly?

Is UP headed for a hung assembly?

Video

क्या बागी हो गए हैं वरुण गांधी?
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter