Largest coal producing company in the world, Coal India (CIL), under pressure to step up production, has enhanced its offers for land acquisition. The new rehabilitation and resettlement (RnR) policy was recently approved by the company’s board. As per the policy, the Indian miner in addition to offering the price of land will now offer Rs 5 lakh an acre to farmers as ‘compensation’ to loss of livelihood with options of annuity income. The compensation, however, will not be available if the land loser opts for employment in CIL.
The additional compensation will therefore be of help particularly to the small farmers (owning less than two acres), who miss the employment opportunities. The policy will be applicable for those farmers who have not collected their compensation in acquisition cases from 2000 onwards. Meanwhile, the enhanced offers will be immediately put to test at Gevra mine under Chhatisgarh headquartered South Eastern Coalfields (SECL). The 30 million tonne (annual) open cast project, was facing dwindling production outlook due to resistance to land acquisition.
However, much to the concern, the company is in need of as much as 60,000 hectres to step up production by 160 mt to 520 mt during the Eleventh Plan (2007-12) and with the current production at 431 mt, the company has an challenging task of acquiring majority of the identified land during Plan-XII.
The new policy, however, banks heavily on the State Governments to decide the price of land as in Chhattisgarh. The State Government has notified a price of Rs 10 lakh an acre for industrial usage.
| Company Name | CMP |
|---|---|
| Coal India | 443.45 |
| NMDC | 248.00 |
| GMDC | 416.35 |
| Sandur Manganese | 543.65 |
| MOIL | 388.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
