World
Russian river turned red by metallurgical waste
The world's biggest nickel producer has admitted a spillage at one of its plants which was responsible for a river in Siberia turning blood-red.
 
After denying blame for the contamination of the water, Norilsk Nickel said on Monday that a dike at its Nadezhda plant overflowed, colouring the Daldykan river, by the Arctic town of Norilsk, red, CNN reported on Tuesday.
 
"On the September 5 after abnormal heavy rain, the overflow of one of the dikes occurred, and water entered the Daldykan river," Norilsk Nickel said in a statement.
 
The company said the "short-term river colour staining with iron salts" presents no hazards for the people and river fauna, and said it will work to avoid such incidents in the future.
 
Last week, residents shared online images of the river and contacted authorities.
 
There is a lot of mining near Norilsk, because the area has massive deposits of nickel, copper and palladium, CNN noted.
 
The region is also known for its heavy pollution.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

BMC book Kapil, Irrfan for illegal construction
Four days after he complained about corruption in the BrihanMumbai Municipal Corporation, the BMC filed a complaint against comedian Kapil Sharma for alleged illegal construction activities.
 
A complaint was also filed against actor Irrfan Khan. 
 
BMC Sub-Engineer from South Ward, A.D. Jagtap lodged the complaint with Oshiwara Police Station under various sections of the Maharashtra Regional and Town Planning Act, said Mumbai Police spokesperson DCP Ashok Dudhe.
 
Sharma lives on a 9th floor flat and Khan stays on 5th floor apartment of DHL Enclave in posh Oshiwara area on New Link Road, said Dudhe.
 
Last Friday, Kapil stirred a hornet's nest by tweeting to PM Narendra Modi that though he pays Rs crore income tax since five years, he was forced to cough out a bribe of Rs 5 lakh for his office works.
 
Chief Minister Devendra Fadnavis immediately offered to help in the matter even as it assumed political overtones.
 
The BMC requested Kapil to name the officials who demanded illegal gratification and also accused him of indulging in unauthorized constructions.
 
This was stated in a notice to Kapil, and later even Khan came under the BMC spotlight.
 
Earlier on Monday, Bharatiya Janata Party legislator Ram Kadam led a noisy morcha to Kapil's home demanding he should identify the corrupt officers and help rid BMC of graft, but he has not yet obliged.
 
Mumbai Congress President Sanjay Nirupam meanwhile expressed support to Kapil and wrote to Governor C.V. Rao, seeking directions to Fadnavis to order a probe into the graft allegations.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

G.W. Carlo

3 months ago

When you are demanded to pay a bribe, you should know whatever you gonna do is illegal. All the rules are framed in such a way, you can't be legal! You can't tickle the Babus Kapil. Their hide is thick!

India's retail inflation down, but factory output contracts
India's annual retail inflation eased by 100 basis points to 5.05 per cent in August, but factory output again dipped to a negative growth of (-)2.4 per cent in July from an expansion of 1.95 per cent in the moth before, official data showed on Monday.
 
The fall in retail inflation, as per data released by the Central Statistics Office (CSO), was thanks to a rather sharp drop in the annual food inflation -- from 8.35 per cent in July to 5.91 per cent in August.
 
As far as the factory output is concerned, the drag was due to a negative growth of (-)3.4 per cent in the manufacturing sub-index, which enjoys the maximum weight in the main index, even as the growth rates in mining and electricity indices were also modest.
 
In May the factory output was up 1.1 per cent, while in April it took a hit of (-)1.4 per cent. In July last year, there was a growth of 4.3 per cent. Cumulatively, the growth during the first four months of this fiscal is at (-)0.2 per cent.
 
This being the last set of data release on retail inflation and industrial production, ahead of the next bi-monthly monetary policy update due on October 4, expectations have risen sharply on possible interest rate cut.
 
This, also because the annual retail inflation that was above the upper tolerance level of six per cent in July, has since come down by 100 basis points, even though it is still above the base rate of four per cent. 
 
The government target is four per cent plus or minus two percentage points for the next five years.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)