Tuesday, 16 Aug 2011
Mr HM Nerurkar MD of TATA Steel, to a query about the proposed new Mining Bill, Mr Nerurkar admitted that the provision for 26% sharing of profits for development of the area and people in and around mining areas would certainly impact the company's bottomline.
He said that "However, we are not opposed to the proposal, but the government must ensure that the share on account of corporate social responsibility must reach the right people.”
He added that "We strongly favor proper distribution of the money to enhance the life standard of the poor people living in and around the mining operation areas.”
(Sourced from ET)
Mr HM Nerurkar MD of TATA Steel, to a query about the proposed new Mining Bill, Mr Nerurkar admitted that the provision for 26% sharing of profits for development of the area and people in and around mining areas would certainly impact the company's bottomline.
He said that "However, we are not opposed to the proposal, but the government must ensure that the share on account of corporate social responsibility must reach the right people.”
He added that "We strongly favor proper distribution of the money to enhance the life standard of the poor people living in and around the mining operation areas.”
(Sourced from ET)
Posts
1 comment:
Hi, probably our entry may be off topic but anyways, I have been surfing around your blog and it looks very professional. It’s obvious you know your topic and you appear fervent about it. I’m developing a fresh blog plus I’m struggling to make it look good, as well as offer the best quality content. I have learned much at your web site and also I anticipate alot more articles and will be coming back soon. Thanks you.
Swalf Dredging India
Post a Comment