The department has claimed that the DRI’s adjudication order in the power equipment import case is “illegal and improper”.
Through a RTI query, activist Anil Galgali learnt that Anil Ambani owned Reliance Energy has not paid electricity duty and other taxes amounting to Rs 1,452 crore to the government of Maharashtra.
The company said it remained committed to the project, which has been delayed for years due to numerous court challenges from green groups.
The victory of the Australian Labour Party – which has promised to veto a prospective Federal government to the Adani group – is bad news for the company.
The company recently petitioned the Maharashtra and Rajasthan electricity regulatory commissions, asking to be reimbursed for extra fuel costs incurred by its power plants.
The party is putting up a fierce fight by letting the Hardik-Alpesh-Jignesh trio capture the caste-based anger against the BJP, while Rahul focuses on larger political economy issues.
Although it’s unclear what was discussed, the meeting comes days after China’s two top banks said they would not fund the company’s controversial coal mine in Australia.
Saranda is home to endangered species of flying lizards and is also an integral part of an elephant corridor.
Industrial and Commercial Bank of China and China Construction Bank said in separate statements they were not working on the project after media recently reported that Chinese banks may get involved.
While support for the controversial mine exists in rural areas – where the narrative of jobs finds resonance – it is opposed in metropolitan centres where a more definitive acceptance of the threats from climate change defines attitudes.
Even as China has swooped in to save the day, critics claim that the project is financially unsustainable and will only work if the risk is shifted onto Australian taxpayers.
Annastacia Palaszczuk reversed her previous support for Gautam Adani’s application for a concessional Australian government loan to pay for a rail line from the outback mine site to a coastal port.
An environment ministry committee, which had earlier found large-scale violations, has now been asked to look specifically at the allegation of sand dune levelling.
With the $16-billion Adani coal mine dividing the Australian public, The Wire looks at the country’s environmental concerns and how the Carmichael project adds to them.
From environmentalists to politicians to indigenous groups, there is strong local opposition to the Adani project in Queensland. The Wire examines the factors at play and how the Adani Group is responding.
A massive $16.4 billion proposed coal mine has sparked protests and a heated debate. As the Adani project becomes a symbol of Australia’s future, The Wire examines the issues at stake.
The three companies had earlier offered to sell a 51% stake in their plants for Re 1 to the Gujarat State Electricity Board.
Analysts say that the partnership with Adani, which has taken quiet if baby steps towards the defence sector over the last two years, may give the Swedish firm a decisive edge.
Iron ore mining is on the wane in Goa but its residents are far from being at peace. Coal is their next big problem, and all their ire has centred on the port at Mormugao.
Analysts have raised doubts about whether Adani can fund what would be Australia’s biggest coal mine given opposition from green groups and a global backlash to investment in fossil fuels, while Adani insists the project will proceed.
The adjudicating authority of the Directorate of Revenue Intelligence has struck down all proceedings against the Adani Group.
Directorate of Revenue Intelligence report shows how an Adani subsidiary allegedly used a Dubai-based front company to over-invoice imports and then move Rs 1,500 crore to a Mauritius-based firm controlled by Gautam Adani’s brother.
The conduct of the Sameeksha Trust demonstrates that one does not have to be a Congress chamcha or CPI(M) apparatchik or Sanghi ideologue to undermine and devalue the integrity of a great scholarly institution.
A number of Twitter handles that were active in defending the industrialist when his Australia project came under fire have now trained their guns on Paranjoy Guha Thakurta.
Former Economic and Political Weekly editor Paranjoy Guha Thakurta speaks to M.K. Venu about his meeting with the board of the Sameeksha Trust (which runs the journal) about the Adani article that led to his resignation.
The Trustees of the prestigious magazine should make it clear that they will back the Editor no matter what
A fortnightly column from The Wire’s public editor.
While a loan from the federal government as well as an amendment to land ownership laws is yet to cement, the mining project is on track.
Crucial events over the last month, which will decide the fate of the beleaguered $16-billion mining project, have sparked a surprising amount of pro-Adani tweets.
A new notification from the ministry lays out a process by which illegal units can be granted clearance and “brought into compliance” within the next six months.
Despite all the talk of a big push to the agricultural sector, the last Union Budget turned out to be a missed opportunity to provide genuine relief to farmers. The government must rectify this.
Prominent lawyer Prashant Bhushan discusses the recent Sahara-Birla diaries, over-invoicing of coal imports by Reliance and Adani groups, and the Essar tapes.
Senior ministry officials who had earlier recommended the fine now say the blame for environmental damage cannot be put on Adani.
Reports state that the environment ministry has also withdrawn several stringent conditions earlier issued on the Adani group.
Given the increasing competition for water for different uses like agriculture and domestic supply, it is clear that such problems are likely to increase in the future.
Almost all the companies named in the DRI’s investigation have followed a similar process of questionable transactions to siphon off public money, the AAP leader claims.
Electricity generating companies are now seeking ‘illicit gains’ by demanding compensatory tariffs from regulators, investigators allege.
Globally, economists and law makers recognise price volatility of commodities as a key risk which can significantly affect economic activities which depend heavily on commodity inputs.
There are many unanswered questions about the contents and of the Environmental Law Amendment Bill and the manner in which the government plans to go about enforcing it
For Adani to continue with its Queensland, Australia coal project, the company will need to re-apply for the coal licence