1. Government Policies with reference to Cairns India, Vedanta Mining Project & Posco

2. Vedanta Resources plc. London listed ; Metals, Mining & Power generation major. Produces aluminium, copper, zinc, lead, iron ore and commercial energy. CEO,Chairman : Mr. Anil Aggarwal, ranked 10th on annual Sunday Times Rich List of the wealthiest people in UK. Operating in India through its subsidiary – Sterlite Industries Ltd.

4. Has 62% shareholding in Cairn India.

6. Obstacles to deal Vedanta's "inexperience" in the oil & gas business a major disqualification. Need approvals for some of the blocks related to the New Exploration Licensing Policy. Speculations about counter offer by ONGC.

8. Age old access & rights of Dongaria & KutiaKondh Tribes violated. (cont)

10. Illegally encroaching 26 hectare of forest land.

11. Capacity increased from 1mn tonne to 6 mntonne without requisite clearance.

13. The Supreme Court gave its nod for Stage I clearance in 2008 and the MoEF put the final seal of approval in December, 2009. But now a central committee says law has been violated. The Posco case mainly involves relatively minor violations of the Forest Rights Act and settlement of claims. The claims of only about 200 Dalit and tribal families need to be settled.

14. Conclusion India has been target destination because of cheap labor, big markets & lax environment rules. Underlying all this is a realisation in India that enforcing environmental rules does not have to hurt growth, can boost the idea of a rule of law and make government policies transparent. Govt. at centre will not allow industry to trample on citizen’s rights in name of development- clear from Rahul Gandhi’s visit.

15. Indian Oil, Oil India in talks to buy into Essar’s Myanmar Gas block. STATE-OWNED oil companies Indian Oil and Oil India are in talks with the Essar group to pick up 20% stake each in a gas block in Myanmar that is estimated to have even bigger reserves than Reliance Industries’ KG-D6 fields. Both IOC and OIL are considering Essar’s farm-in proposals for A2-shallow water gas block and an onshore block L in Myanmar. Another of Essar’s gas asset in Myanmar (Block L) has an estimated recoverable hydrocarbon reserve of 330 million barrels of oil equivalent (MMBOE). cont.

17. M&M vice-chairman and managing director Anand Mahindra said that Korea is one of the world’s leading centres of automotive excellence . Ssangyong brings with it a rich legacy of R&D and innovation...The synergies between both the brands, which share a similar heritage, will make us a combined force to reckon with in the global SUV space. PawanGoenka, the company’s president, automotive and farm sectorsiad that ”M&M’s focus on alternative fuels and electric vehicles will further strengthen Ssangyong’s brand value and will take it to new geographies.

18. ICICI Pru Life launches online term plan PRIVATE life insurer ICICI Prudential Life has introduced iProtect — a pure term insurance plan that can be purchased online. An individual can apply online for iProtect and the payment can be made either through his/ her internet banking account or credit card. Coverage will begin only after the medical tests are done.

20. DWS Investments, the retail mutual fund arm of the Deutsche Bank Group, has announced DWS Hybrid Fixed-Term Fund Series 1 — a closed-ended hybrid fund with a tenure of three years.