Tuesday, January 18, 2011

Environment Ministry May Clear Lavasa Project


Indian Ministry Of Environment & Forests, Said It May Approve Lavasa Project On Conditions Of Penalty Payment & Setting Up Of A Restoration Fund & Preventing Further Environmental Degradation,
Despite Alleging There Have Been Huge Violations Of Environmental Laws........... Lavasa Project Has Led To The Cutting Off Hills In The Area & The Disruption Of Water Flows.... To Clear The Deep Dig Soon, Lavasa Has To Submit All Plans & Audited Accounts Of Money Spent & Its Future Investment Plans..... The Next Hearing In The Matter Is Scheduled For 28Th January As The Controversy Has Delayed Lavasa's $450 Million IPO.