Latest news with #No-ObjectionCertificate
Mint
16 hours ago
- Business
- Mint
Vedanta share price falls as Supreme Court rejects Talwandi Sabo's plea; NCLT defers demerger hearing
Vedanta share price declined on Wednesday following a media report of multiple setbacks to the company's demerger plan. Vedanta shares fell as much as 2.56% to ₹ 438.55 apiece on the BSE. According to a report by business news channel CNBC TV-18, the National Company Law Tribunal (NCLT) has deferred hearing on the group's proposed demerger to September 17, after the central government raised 'serious objections.' The government argued that the scheme involved concealment of key details, inflated revenues and concealed liabilities, which could impair the recovery of dues, CNBC-TV18 reported. In parallel, the Securities and Exchange Board of India (SEBI) has flagged Vedanta for modifying its demerger scheme after receiving a No-Objection Certificate (NoC) from SEBI and stock exchanges. The regulator termed the move a 'serious breach' of its master circular and issued an administrative warning to Vedanta, the report added. Meanwhile, in another development, the Supreme Court (SC) has dismissed a plea by the Vedanta Group seeking additional compensation for its Punjab-based Talwandi Sabo Power project. Talwandi Sabo Power Ltd (TSPL), a wholly-owned subsidiary of Vedanta, had filed a petition before the Supreme Court challenging the entitlement to Foreign Trade Policy benefits on account of mega power status. The company had approached the apex court challenging the withdrawal of 'deemed export' benefits and sought higher compensation. The Supreme Court on, August 19, upheld the Appellate Tribunal for Electricity's (APTEL) order, ruling that Talwandi Sabo was never legitimately entitled to such benefits. This effectively closes the door on any additional financial relief from the project. 'We have taken note of the Hon'ble Supreme Court judgment and we are reviewing the judgement and evaluating the next steps, including legal options available to us,' Vedanta said in a regulatory filing on August 20. Earlier, the National Company Law Tribunal (NCLT) had also rejected the proposed demerger of Talwandi Sabo Power Ltd. The SC ruling effectively closes the door on additional financial inflows from Talwandi Sabo, tightening the company's legal and financial options. At 1:05 PM, Vedanta share price was trading 2.40% lower at ₹ 439.30 apiece on the BSE.
Hindustan Times
a day ago
- Health
- Hindustan Times
Fire NOC for Panchkula Mother and Child Hospital delayed over objections, rights panel told
The newly constructed Mother and Child Health Care Hospital building at Civil Hospital, Panchkula, is still awaiting a fire safety No-Objection Certificate (NOC), with key objections raised by the fire department yet to be addressed. The issue came up during a resumed hearing before the Haryana Human Rights Commission (HHRC) on Tuesday, in response to a complaint highlighting infrastructural and service gaps at the facility. The PWD also informed the commission that special repairs amounting to ₹ 3.91 crore are in progress, with 120 workers on site. (HT File) The complaint was filed earlier this year by S.K. Nayar, president of the Citizens' Welfare Association, who flagged the hospital's lack of basic amenities, poor cleanliness, and incomplete infrastructure. According to the hospital's reply to the commission, one major hurdle to the fire NOC—pending since 2022—has been the obstruction caused by seven trees. Hospital authorities stated that administrative and financial approvals for the removal and replantation work have been obtained, and the horticulture division has been tasked with carrying out the job. Fire NOCs for Blocks A, B, C, and D have already been issued after cost estimates were finally submitted in October 2024. Civil Surgeon Dr. Mukta Kumar informed the commission that beautification and repairs at the hospital have been initiated following directions from the Director General of Health Services (DGHS). A proposal for landscaping and green development has also been sent to the horticulture department. During the hearing, it was also revealed that treatment of Ayushman Bharat cardholders, especially heart patients, has been disrupted due to pending claims worth ₹1.09 crore, awaiting disbursement from the state government. The hospital assured that these payments will be prioritised once funds are received. The issue of parking was also raised, with hospital officials noting that a proposal for a multi-level parking facility is under consideration by the DGHS. Additionally, ₹63.89 lakh has been sanctioned for the construction of a boundary wall, and road repair work worth ₹86.73 lakh has been approved. The PWD also informed the commission that special repairs amounting to ₹3.91 crore are in progress, with 120 workers on site. These include tiling, painting, waterproofing, and rainwater harvesting, and are expected to be completed by September 15. The matter will next be heard on November 11. .
The Hindu
08-08-2025
- General
- The Hindu
Industrial accidents, the human cost of indifference
After spending 37 years in India's oil and energy sector, this writer has walked through the innards of factories, refineries, and chemical plants across the country. This writer has seen, up close, the tragic aftermath of industrial accidents — not as distant events, but as raw human tragedies. These are not acts of fate. They are the result of choices — bad ones made by individuals, institutions, and systems that fail to care. We have seen it again, recently — as explosions at Sigachi Industries in Telangana, and as a firecracker unit disaster in Tamil Nadu. They are not aberrations. They are the symptoms of a deeper, ongoing national crisis. A universe is shattered every time In the last five years, at least 6,500 workers have lost their lives in India's factories, construction sites, and mines, according to government data compiled by the Labour Ministry and several Right to Information-based reports. This means nearly three fatalities every day in peacetime, in a growing economy, in the 21st century. In Andhra Pradesh and Tamil Nadu alone, over 200 fatalities have occurred in major industrial mishaps over the past decade. But the true toll — especially from the unregistered or informal sector units may be much higher and rarely makes news. Each of these cases is not just a data point. It is about a breadwinner gone, a child orphaned, and a household thrust into trauma and penury. This writer has witnessed this — an empty seat in a refinery canteen after a fatality, families pacing outside the plant gates, waiting for news they know will break them. A study in 2022 by the Centre for Science and Environment (CSE) found that India had had over 130 major chemical accidents in just a 30-month window post-2020, with 218 fatalities and 300-plus injuries. Most of these occurred in small and medium-sized enterprises (SMEs), which often operate under regulatory radar. What makes these deaths even more inexcusable is how elementary and avoidable their causes are: no fire No-Objection Certificate (NOC) — factories running without even the basic No-Objection Certificate from the Fire Department; no firefighting systems — alarms, sensors, extinguishers missing or dysfunctional; no permit-to-work system — high-risk jobs undertaken casually, with no formal hazard identification or job safety analysis; no training — especially for migrant and contract workers who often speak different languages and oblivious to the signage or safety protocols; no fire exits — or exits locked, blocked, or hidden under storage materials; no accountability — audits, when conducted, are often tick the box exercises. Convictions for safety lapses are rare, and penalties are negligible. Not a core value Even in large corporates, the focus on operational excellence often overshadows basic safety culture. Globally, countries such as Germany and Japan have embedded safety deeply into industrial design and workplace culture. In contrast, India still treats safety as a compliance hurdle rather than a core value. While the spotlight is on Andhra Pradesh and Tamil Nadu, let us not pretend that other States fare better. Gujarat, Maharashtra, Chhattisgarh, and Uttar Pradesh have their own grim records. In fact, Gujarat witnessed over 60 major industrial fires and gas leaks in just a single year (2021), according to media and State records. According to the Directorate General Factory Advice Service and Labour Institutes (DGFASLI), India records one serious industrial accident every two days in registered factories. What are unregistered units? Nobody truly knows. The pattern is now familiar to the point of fatigue: tragedy, outrage, compensation, committee and then silence. The root cause remains untouched. The next accident is just waiting to happen. What keeps this cycle alive is national indifference — the silence of the public, the inertia of regulators, and the cost-cutting impulse of companies that treat safety as overhead, and not obligation. Workers, especially those on contract, are seen as disposable. There is also a deeply troubling class bias. Would a similar safety lapse at a high-rise corporate headquarters or in a software park go similarly unnoticed? The harsh truth is that these lives are undervalued because of who they are — migrant workers, contract labourers, and the economically voiceless. The phrase 'act of god' There is a phrase that we often hear, which is 'act of God.' It sounds biblical, a way to distance ourselves from culpability. But these disasters are not divine punishment. They are man-made. A National Geographic documentary once explored this very idea showing how industrial accidents across the world stem not from chance, but from negligence and failed systems. Countries such as South Korea and Singapore now have corporate manslaughter laws, holding senior executives criminally accountable for gross safety failures. India needs to begin that conversation. This is not just a call for regulatory reform or better audits. It is a call for collective conscience. As citizens, as industry leaders, as media, as policymakers we need to say, 'We care'. We must not only hold companies to account but also strengthen our labour safety boards, digitise risk reporting, and ensure whistle-blower protection. And for every worker who risks life and limb to keep our industries running, we must affirm this truth: industrial safety is not a favour, it is a right. The question is not whether we have the means to prevent these tragedies. We do. The only question is this: do we care enough to act? Or will we, through silence and resignation, keep proving that unspoken indictment true? Who cares? Shrikant Madhav Vaidya is former Chairman of Indian Oil Corporation Ltd.
Time of India
07-08-2025
- Sport
- Time of India
'Rohit Sharma asked Yashasvi Jaiswal to stay on in Mumbai'
Yashasvi Jaiswal and Rohit Sharma MUMBAI: It was because of an advice to this effect by India's ODI captain Rohit Sharma that India's opener Yashasvi Jaiswal reversed his decision to play for Goa instead of Mumbai in the upcoming domestic season. "Rohit asked Yashasvi to stay on in Mumbai at this stage of his career. He explained to Yashasvi that there was a lot of pride and prestige in playing for a team like Mumbai, which has won the Ranji Trophy a record 42 times. Rohit also told Yashasvi that he must not forget that it was because of Mumbai cricket he got a platform and went on to play for India, and he must be grateful to the city for that. It was here in Mumbai that he started playing cricket on the maidans, and then was picked for all the age group teams of Mumbai," Mumbai Cricket Association president Ajinkya Naik told TOI. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! "After discussing this with Rohit and a few other stalwarts who represented India and Mumbai, Jaiswal sent an email to us requesting us to withdraw his No-Objection Certificate application to shift to Goa. We approved his request," Naik added. Inside The Oval: An Exclusive Tour of the Stadium Where India Played the Final Test Jaiswal had written an email in May to the MCA to withdraw his NOC and said he is available to represent Mumbai for the next domestic season, thus taking a U-turn after initially deciding to play for Goa. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo In April, Jaiswal had taken the MCA and everyone by surprise when he sought an NOC to move to Goa, citing personal reasons for the intended shift. Goa had qualified for the knock-out stage of the Ranji Trophy. Poll Do you agree with Rohit Sharma's advice for Yashasvi Jaiswal to stay in Mumbai? Yes, it's a wise decision. No, he should explore new opportunities. Jaiswal had formed an opening partnership with Rohit since making his debut in Test cricket nearly two years ago, and shares a healthy relationship with the former India captain off the field. Recently, Rohit attended play on Day Three in the fifth and final Test at The Oval, when Jaiswal scored a century. Later, the 23-year-old left-hander revealed his chat with Rohit. "I saw Rohit bhai and said hi. He gave me the message to keep playing," Jaiswal told reporters after the day's play. Jaiswal acknowledged that he had already spent valuable time learning from India's seasoned greats like Rohit and Virat Kohli. "I think that's how you need to plan your game. I need to plan my game, my innings, where my shots are and where I'm going to score runs. So, of course, I keep getting all these messages and playing with the seniors as long as I have played with Rohit Bhai, Virat Bhai. So, playing with them as well helped me a lot grow as a person and seeing them, what they have done in Test cricket, how they have prepared themselves," he said. Jaiswal had moved from Suriyawan in Uttar Pradesh's Bhadohi to Mumbai at the age of 11 to pursue cricket. He played for the India Under-19 team in the U-19 World Cup, smashed a double century in the Vijay Hazare Trophy, got a contract with the Rajasthan Royals in the IPL and eventually went on to play for India. The dashing left-hander scored 411 runs@41.10, including two centuries (in the first and last innings of the series) and two half-centuries in five Tests in the recently-concluded Anderson-Tendulkar Trophy in England, which finished at 2-2. With India not scheduled to play any international cricket in August, Jaiswal has decided to stay back in the UK for a break. He will be returning to action in the Duleep Trophy at the BCCI 's Centre of Excellence (CoE) in Bengaluru from Aug 28. Mumbai team camp in Nagpur Meanwhile, a 28-member Mumbai senior team squad left for Nagpur on Sunday for a week-long pre-season camp. "The players will indulge in bonding sessions and play intra-squad matches there," a source said. The MCA had arranged for a camp at its facility in BKC, but the constant rain at this time of the year in the city makes it difficult for the players to practice. Following the camp in Nagpur, the selectors will pick a squad for the Buchi Babu Trophy in Tamil Nadu, which will begin from Aug 20. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
30-06-2025
- Sport
- Time of India
Yashasvi Jaiswal to continue playing for Mumbai; Musheer Khan kicks off England tour with ton
Yashasvi Jaiswal is set to continue playing for Mumbai (Image via Getty Images) Bristol : The Mumbai Cricket Association (MCA) on Monday approved India opener Yashasvi Jaiswal 's request to withdraw his No-Objection Certificate application. The dashing left-hander, who scored a century (101) against England in the first Test at Leeds, will now continue to play for Mumbai in the upcoming domestic season. In a statement, the MCA said, "The apex council has approved the withdrawal of the No Objection Certificate (NOC) that had been earlier requested by Yashasvi Jaiswal to represent another state. He will continue to be available for Mumbai." MCA president Ajinkya Naik said, "Yashasvi has always been a proud product of Mumbai cricket. We have accepted Jaiswal's withdrawal NOC application and he will be available for Mumbai in forthcoming domestic season. " Jaiswal had in May written an email to the MCA to withdraw his NOC and said he is available to represent Mumbai for the next domestic season, thus taking a U-turn after initially deciding to play for Goa. 'I the undersigned would request your goodself to consider my request in withdrawing my NOC given to me as I had some family plans in shifting to Goa which for now has been curtailed ! So I sincerely request MCA to allow me to play for Mumbai this season ! I have not submitted the NOC to BCCI nor to Goa Cricket Association,' Jaiswal had written in his email. In April, Jaiswal had taken the MCA and everyone in general by surprise when he sought an NOC to move to Goa, citing personal reasons for the intended shift. Goa had qualified for the knock-out stage of the Ranji Trophy . Edgbaston Preview | Yashasvi Jaiswal faces the brunt, exits slip cordon Jaiswal had moved from Suriyawan in Uttar Pradesh's Bhadohi to Mumbai at the age of 11 to pursue cricket. He played for the India Under-19 team in the U-19 World Cup, smashed a double century in the Vijay Hazare Trophy, got a contract with the Rajasthan Royals in the IPL and eventually went on to play for India. The 23-year-old was India's highest run-getter in the Border-Gavaskar Trophy, scoring 391 runs in five Tests at an average of 43.44 , with one century and two half-centuries. Meanwhile, promising allrounder Musheer Khan began his MCA Emerging Players tour of UK with a bang as he slammed a century (123) for MCA Colts against Notts 2nd XI at John Tredwell Sports Complex, also called the Velvet DCC ground, on Day One on Monday. Musheer reached his century off 127 balls, with 14 fours. Apart from Musher, Manan Bhatt scored a half-century (57 off 68 balls). At the time of writing, Mumbai Under-23 were 291 for three in 53 overs. Poll What do you think influenced Jaiswal's decision to withdraw the NOC? Personal family reasons. Desire to represent his home state. The 20-year-old Musheer played for Punjab Kings in IPL 2025, and has represented Mumbai in first-class cricket, becoming the youngest Mumbai batter to score a hundred in a Ranji Trophy final last year in March against Vidarbha at the Wankhede Stadium in Mumbai. Brief Scores: MCA Colts 291-3 (Musheer Khan 123, Manan Bhatt 57 not out) vs Notts 2nd XI. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
