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

"Insurance companies can`t change policy at whim"

An insurance policy cannot be changed at the whims and fancies of the insurance company, noted consumer rights advocate Jehangir Gai has said, against the backdrop of an increasing number arbitrary rejection of insurance claims due to vague policy clauses, unilateral changes to policy terms without obtaini

ATF likely to come under GST: Hardeep Puri

Aviation turbine fuel (ATF) is likely to be brought under the Goods and Services Tax (GST) in the near future, petroleum and natural gas minister Hardeep Singh Puri has said, signalling a potential change in aviation fuel taxation.   Speaking to the press in Mumbai on Friday ahead of In

Budget 2025: Meeting the expectations of youth and middle class

The new year brings with it a mix of hope and expectations, especially among the youth and middle class who have placed their trust in the Narendra Modi government. The upcoming Union Budget is being eagerly awaited by these two groups in particular, in the hope it addresses the very real concerns of a gen

This book on Gujaratis is like a sumptuous ‘thaali’…

The Gujaratis: A Portrait of a Community By Salil Tripathi Aleph Books, 744 pages, Rs 1,499 “As the l

At Davos, Maharashtra inks MoUs worth Rs 15.70 lakh crore

The Maharashtra government has signed 54 memorandums of understanding (MoUs) worth Rs. 15.70 lakh crore at the ongoing WOrld Economic Forum in Davos. The highest ever investment proposals of the state government are expected to generate 15.95 lakh jobs. The largest MoU was inked with Relianc

How Renewable Energy revolution is sweeping across India

As India accelerates its transition towards a sustainable future, its renewable energy (RE) sector has witnessed unprecedented growth. In 2024, the country made significant strides in solar and wind energy installations, policy advancements, and infrastructural improvements, setting the stage for ambitious

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now



Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter