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Kingfisher Airlines owes Rs 950 cr to PSU oil firms
Vijay Mallya-owned Kingfisher Airlines owes over Rs 950 crore to state-run oil companies in unpaid jet fuel bills, Petroleum Minister Murli Deora said today.

Maytas Infra board moves CLB for removal of former director
In a surprise move, the Maytas Infra board today approached the Company Law Board (CLB) to remove erstwhile director R P Raju from proceedings in a case filed by the government for superseding of the company"s board.

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UAW said to pick King as next leader of smaller union
United Auto Workers (UAW) President Ron Gettelfinger plans to anoint Bob King, head of negotiations with Ford Motor Co, to be the shrinking union’s next president, on December 16, said two people familiar with the matter.
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'Ozone-depleting substances to be phased out by 2030'

India will phase out hydrochlorofluorocarbons (HCFCs), used for refrigeration and air-conditioning, by 2030 in line with the Montreal Protocol, a treaty to protect the ozone layer. - We ended ozone-depleters well ahead of schedule: Jairam ramesh - Ozone depleting HCFCs to be phased out: Ramesh - India proposes bilateral talks with EU, US on climate change - "US now has better understanding of India"s stand on climate" - World Bank to fund $1 bn for cleaning Ganga river - International Year of the Tiger to kick off on Feb 14: Ramesh “By 2013, we are going to freeze the use of HCFCs at 2009 levels. We’ll do this by reducing their use by 10 per cent by 2015, as compared to the 2009 levels, and bring it to zero by 2030,” Minister of State (independent charge) for Environment and Forests Jairam Ramesh said today while launching a roadmap for phasing out HCFCs. Boosted by sustained growth in demand for consumer, commercial and industrial products, the consumption of HCFCs has grown at an average annual rate of over 11 per cent in the past 15 years. HCFCs had replaced the chlorofluorocarbons (CFCs), which the government was able to phase out in August last year, 17 months ahead of schedule. However, CFCs — required for manufacturing inhalers used by patients suffering from asthma and chronic obstructive pulmonary diseases — are still available in India and a national transition strategy to phase these out by 2013 is under implementation. “HCFC phase-out is challenging for an emerging economy like India due to issues related with technology and funding to facilitate the transition without burdening the economy and constraining consumers and industry. India should develop its own technology, rather than relying on other countries,” said Ramesh.


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