RCOM subsidiary reaches settlement with minority investors
New Delhi, May 29 : Reliance Infratel, a subsidiary of Reliance Communications (RCOM), has informed the National Company Law Appellate Tribunal (NCLAT) on Tuesday that an amicable settlement has been arrived at with its minority investors holding 4.26 per cent equity in the company, and consent terms will be filed shortly.
In a regulatory filing, RCOM said: "The settlement with the minority investors paves the way for vacation of the stay granted by the NCLT on the sale of RITL's tower and fibre assets, and will enable the company to proceed with asset monetisation of Rs 8,000 crore as soon as the company exits the debt resolution process under NCLT, for which its appeal, supported by all its lenders, is fixed for hearing today i.e. , that is, Tuesday, May 29, 2018 before the Hon'ble NCLAT."
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Trekking without nature guide won't be allowed; Karnataka forest minister releases SOP
Bengaluru (PTI): Karnataka Forest Minister Eshwar Khandre on Friday said that trekking will no longer be permitted on any approved trekking routes under the forest department, without a certified nature guide equipped with GPS-enabled walkie-talkies.
Speaking after releasing the Standard Operating Procedure (SOP) formulated for the safety of trekkers, he said that there will be one local nature guide for every 10 trekkers. A maximum of 150 trekkers will be allowed per batch on any trekking route.
According to him, online registration for trekking is mandatory. Even if a single individual registers for a particular day, a guide will still be provided, and trekking without a guide will not be allowed.
He said the SOP was introduced following recent incidents, including a woman from Kerala who went missing for three days in the forests during a trek at Tadiandamol hill in Kodagu, and a minor girl who went missing and was later found dead near Manikyadhara in Chikkamagaluru, which is outside forest jurisdiction.
In a statement, the Khandre's office said that nature guides will be mandatorily equipped with GPS-enabled walkie-talkies on all trekking routes. "Additionally, a mobile app containing trekking route maps will be installed on trekkers' phones. This will help locate trekkers if they lose their way", it said.
As per the SOP, before the trek begins, trekkers will be briefed about the distance, duration, and local conditions.
"Instructions on how to respond if wildlife is encountered will also be provided. Loud devices, sharp metal objects, weapons, and campfires are strictly prohibited on trekking routes," it said.
The SOP further stated that separate toilets for men and women and drinking water facilities will be provided at base camps.
Directional arrow markings will guide trekkers along the route, and rest points will be created along the way, it said.
Citing the SOP, the statement said that nature guides must ensure that no trekker moves ahead of them or is left behind. Headcounts must be conducted at base camps and rest points.
"Guides must communicate with the base camp via walkie-talkie every 30 minutes. If there is no communication within an hour of the trek starting, base camp staff will contact the guide to confirm safety," it said.
The SOP states that minors must carry a consent letter from their parents or guardians, and senior citizens must provide a fitness certificate confirming their physical capability to undertake trekking. To be able to respond to unexpected health issues, trekkers and guides must carry a first aid kit.
However, flash photography, single-use plastics, and carry bags are prohibited and trekkers must bring back their waste and dispose of it only at base camps, as per SOP.
It further said that all trekking routes under the forest department will be integrated into the official website (https://aranyavihaara.karnataka.gov.in/) to enable advance booking of tickets.
