From: Ravinder Singh <progressindia008@yahoo.com>
Date: Sun, Jan 23, 2011 at 1:37 PM
Subject: $30b Iron Ore Scam – Karnataka Lokayukta Ineffective 5Yrs - Exclusive
| $30b Iron Ore Scam – Karnataka Lokayukta Ineffective 5Yrs - Exclusive
BJP ruled Karnataka as alliance partner since Feb2006. Santosh Hegde Born on 16/6/1940 was directly appointed or lifted to the Supreme Court from bar in 1999 by BJP government, TDSAT in 2005 and took over as Lokayukta 3rd August 2006.
70 years plus Lokayukta believed Governor ought to have waited.
Since he took over as Lokayukta 3rd August2006 over 200 million tones of iron ore mostly in illegal manner had been mined and 120 million tones exported that @$150 per tone amounts to $30b scam.
Here you can see Santosh Hegde was appointed to the Supreme Court from Karnataka in 1999 then ruled by Janta Dal.
This is genuine Scam of $30b in five years.
We are proud Governor HR Bhardwaj for sanctioning prosecution.
Supreme Court should takeover Iron Ore Scam.
Ravinder Singh June23, 2011
http://www.kar.nic.in/lokayukta/newlok.pdf 10) Appointed directly from the Bar as Judge of the Supreme Court of India in 1999. 13) Appointed on 6.7.2005, as Chairperson, Telecom Disputes Settlement Appellate Tribunal, New Delhi and functioned till 2nd August 2006. 14) Appointed as Lokayukta of Karnataka State from 3rd August 2006 for a term of 5 years under the provisions of the Karnataka Lokayukta Act, 1984.
http://supremecourtofindia.nic.in/judges/list_retired_judges.htm 102. Hon'ble Mr. Justice N. Santosh Hegde 08/01/1999 to 15/06/2005
http://www.karnataka.com/govt/chief-minister
http://www.deccanchronicle.com/bengaluru/guv-should-have-waited-ayukta-704 Guv should have waited: Ayukta January 23rd, 2011 DC Correspondent
Bengaluru, Jan. 22: Though the Governor is well within his rights to sanction the prosecution of the Chief Minister, he could have waited for a better time, said Lokayukta Justice Santosh N. Hegde.
"In the last few days the political atmosphere in the state has been vitiated with everyone, from the ruling party and the Opposition to the Governor talking. The Governor should have waited for a while before sanctioning the CM's prosecution," said the Lokayukta.
He added that there's an inquiry against the Chief Minister pending before the Lokayukta but no further inquiry is underway as the matter is sub judice in the High Court.
"The stand of the government is that there's no inquiry before the Lokayukta because all inquiries have been transferred to the Justice Padmaraj Commission. I dispute this. Whenever it is convenient for them (the government) they say the Lokayukta is also inquiring because it suits them to say there are multiple inquiries. I want them to put it in writing that the inquiry is pending before the Lokayukta," said Justice Hegde.
Iron ore exports slip 30% in Nov Press Trust of India / New Delhi December 22, 2010, 16:04 IST
Continuing a declining trend for the fifth consecutive month, iron ore exports in November have gone down by 30.59 per cent to 8.07 million tonnes (MT) due to the ban imposed by mineral-rich Karnataka on iron ore shipments.
"The decline, basically, is because of the ban imposed by the Karnataka government and unless the matter is resolved, this trend will continue," Federation of Indian Mineral Industries' (FIMI) Secretary General R K Sharma said.
According to the data compiled by industry body FIMI, the country had shipped 11.53 MT of iron ore, a vital steel-making raw material, during the same period last year.
Echoing similar sentiments, a senior Commerce Ministry official said that "the decline in the (iron ore) exports is due to policy reasons ... As you know Karnataka does not allow the exports".
In July, Karnataka government had banned issue of permits to transport iron ore and other minerals for exports, terming this as necessary check on illegal mining and illegal export of minerals.
The matter is now being heard by the Supreme Court which had issued a notice to the state government last week on the issue. The apex court is expected to hear the matter in the third week of January.
"Now the matter is in the Supreme Court... Let's wait for the final order. Exports will resume in full swing, if the court discontinues the ban," Sharma added. On the outlook, Sharma said the demand has improved and so the prices. "As of now, there is demand in China. But there is problem in the supply chain due to Karnataka ban," he said.
At present prices are hovering around USD 155-160 a tonne, he said.
For eight months ended November 30, 2010, the iron ore exports fell by 15.69 per cent to 54.58 MT against the year-ago figure of 64.74 MT, the FIMI data said. India, third largest iron ore exporter, had produced 218 MT of iron ore in the last fiscal and exported almost half of it.
Of the total exports, more than 80 per cent had gone to China, the world's largest steel producer.
At present, Iron ore lumps attract an export duty of 15 per cent, while a 5 per cent tax is levied on shipments of iron ore fines.
Karnataka may see 67% fall in iron ore export on ban Reuters / Kolkata December 14, 2010, 0:49 IST
Iron ore exports from Karnataka are likely to fall 67 per cent in the year to end in March 2011 due to a ban on exports that has hit supplies to the global market and hardened prices, according to a trade body official.
"We are losing about 2.5 million tonnes of exports every month," David Pichamuthu, director, southern region of Federation of Indian Mineral Industries (Fimi), said on Monday on the sidelines of a steel raw materials conference. "We are losing production, too, and people might be laid off. Some of the mines are keeping skeletal staff."
Karnataka, which produces about 45 million tonnes of iron ore a year, of which it exports 30 million tonnes, banned exports from 10 ports and stopped its transport to other ports in July, citing a drive against illegal mining and the need to preserve the steel-making ingredient for local use.
Miners appealed to the Karnataka High Court against the order, but lost the case in November when the court upheld the state government's order and observed that it would take six months to root out illegal mining.
Spot iron ore prices were mostly unchanged on the Chinese market on Monday, with bookings still strong as buyers seek to head off expected price increases going into the new year.
Industry consultancy Mysteel said 63.5 per cent iron ore from India was being offered at around $171-173 a tonne, including cost and freight on Monday morning.
India is the world's third-largest supplier of iron ore to the world, with most of its iron ore fines and lumps landing in China that houses the world's largest steel industry.
In 2009-10, India exported 117.37 million tonnes of iron ore from a total output of 226 million tonnes. But this year, exports are seen declining by a quarter or more due to the ban in Karnataka.
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Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/
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