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Bihar mining department collects Rs 1.8 million fine in raid operations
The Mines and Geology Department conducted raids at 75 locations across all 38 districts of the state, resulting in the recovery of illegally mined sand, stone chips, and dug earth intended for commercial use. The department collected fines amounting to Rs 1.8 million and seized 13 vehicles. Additionally, six first information reports (FIRs) were registered. According to a communiqué from the department, the raids aimed to curb illegal mining, transportation, and storage of sand, as well as the unauthorised excavation and transportation of stone chips and earth for commercial purposes. Th..
ED arrests two in PMLA case over illegal sand mining in Himachal, UP
The Enforcement Directorate (ED) announced that it had arrested two individuals in a money laundering case related to alleged illegal sand and mineral mining from rivers in Himachal Pradesh and Uttar Pradesh. The arrested individuals, Gian Chand and Sanjay Dhiman, were taken into custody on Monday under the provisions of the Prevention of Money Laundering Act (PMLA), as stated by the federal agency. Sources confirmed that the arrests were made in Himachal Pradesh. The case concerns unauthorized sand and mineral mining in the Beas River in Himachal Pradesh and the Yamuna River in the Saha..
British Land posts higher half-year profit from retail park investments
Commercial property firm British Land reported a slight rise in its half-year profit on Wednesday, attributing operational strength in its retail park properties to counteracting valuation weakness in its office-focused campuses. The British commercial property market is recovering from the post-pandemic freeze, with stabilizing property values and expectations of near-term rate cuts boosting sector optimism. According to British Land CEO Simon Carter, the group's strategy of increasing investments in retail parks is proving successful. He noted that retailers are seeking cost-effective out-..
