Court stays Delhi plan to turn marshland into housing site

New Delhi, April 20 (IANS) The Delhi High Court Monday stayed a state government plan to convert two water bodies into land for residential projects in Jahangirpuri here.

Hearing a petition filed by voluntary organisation Tapas, Justices Mukul Mudgal and Vipin Sanghi stayed the order of Chief Secretary Rakesh Mehta that said ‘the marshland in Jahangirpuri cannot be termed as a water body and the same shall be considered as per the land use plan of Master Plan Delhi 2021′.

The petition alleged that the state government wanted to convert one of the largest water bodies in north Delhi into a concrete jungle for residential purposes.

The state committee on water bodies headed by Mehta last year maintained that in the government’s revenue record nearly 100 of the 300 acre marshland in Jahangirpuri was ‘never a water body but ‘banjar kadim’ (land not fit for cultivation)’.

Taking exception, the court said, ‘The scope of authority vested in the chief secretary, as part of the nodal agency, is to make efforts for revival of water bodies. Prima facie, the scope of his authority did not include determining whether a particular water body exists or not.’

The court also issued a notice to the Delhi government to respond by the first week of May.

UPDATE 1-Etruscan Q1 loss widens, cuts 2009 exploration budget

Q1 loss of C$0.26/shr; gold rev C$17.4 mln

* Produced 15,181 oz of gold in Q1

* Sees 2009 gold production of 70,000-80,000 oz

* Says significantly reduced 2009 exploration budget

* Available cash of C$6.4 mln at Feb. 28

April 14 (Reuters) – Gold miner Etruscan Resources Inc (EET.TO) posted a wider quarterly loss, hurt by higher financing costs, and said it had cut its 2009 exploration budget “significantly.”

“The timing of recommencement and extent of drilling and other exploration activities for 2009 is dependent upon accessing sufficient funding,” the company said.

Etruscan had a consolidated working capital deficiency of C$15.7 million at the end of February, compared with a deficiency of C$21.3 million at the end of 2008.

For the first quarter, the company’s net loss was C$38.9 million, or 26 Canadian cents a share, compared with a loss of C$36.5 million, or 30 Canadian cents a share, a year ago.

Etruscan reported financing costs of C$3.9 million for the quarter, compared with C$0.2 million last year.

The company’s Youga gold mine generated negative cash flow from operations of C$0.4 million for the first quarter, compared with a positive cash flow of C$4.1 million for the fourth quarter of 2008.

Shares of the Halifax, Nova Scotia-based company closed at 47 Canadian cents Tuesday on the Toronto Stock Exchange.

For related alerts, please double click [ID:nWNAB3299] (Reporting by Isheeta Sanghi in Bangalore; Editing by Himani Sarkar)