Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680869376b2a5-trace').style.display = (document.getElementById('cakeErr680869376b2a5-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680869376b2a5-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680869376b2a5-code').style.display = (document.getElementById('cakeErr680869376b2a5-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680869376b2a5-context').style.display = (document.getElementById('cakeErr680869376b2a5-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680869376b2a5-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Hindu
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;
&lt;/div&gt;&#039;,
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
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-The Hindu
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu, 14 December, 2012, http://www.thehindu.com/todays-paper/finmin-plan-for-nib-diluted/article4198328.ece&#039;,
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;&lt;/div&gt;&#039;
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the..."/>
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                <strong>FinMin plan for NIB diluted -Priscilla Jebaraj</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>New investment committee can hasten,not compel clearance</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, controversial references to the mega-investment body&rsquo;s possible intervention in the case of &ldquo;failure&rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &ldquo;call unto itself the power of the Ministry concerned&rdquo; have been deleted from the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&rdquo; she wrote. &ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &ldquo;All our concerns have been addressed.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &ldquo;brand name which can enthuse investors&hellip;in the current situation of gloom and general cynicism&rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also dissolved the existing CCI &ndash; Cabinet Committee on Infrastructure &ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While the original proposal had cast the NIB as an appellate body &ndash; with over-riding decision-making powers &ndash; the version approved by Cabinet makes it clear that the CCI&rsquo;s primary role will be to urge nodal ministries to fast-track clearances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&rsquo;s letter to the PM had warned that NIB&rsquo;s powers would &ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&rdquo;</div>               </font>
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-The Hindu
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&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;
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After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
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The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.
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&lt;div style=&quot;text-align: justify&quot;&gt;
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However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.
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When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;
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After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;
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The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
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It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
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While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
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&lt;br /&gt;
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At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;&lt;/div&gt;&#039;,
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-The Hindu
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. 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The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. 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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the..."/>
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                <strong>FinMin plan for NIB diluted -Priscilla Jebaraj</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>New investment committee can hasten,not compel clearance</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, controversial references to the mega-investment body&rsquo;s possible intervention in the case of &ldquo;failure&rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &ldquo;call unto itself the power of the Ministry concerned&rdquo; have been deleted from the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&rdquo; she wrote. &ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &ldquo;All our concerns have been addressed.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &ldquo;brand name which can enthuse investors&hellip;in the current situation of gloom and general cynicism&rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also dissolved the existing CCI &ndash; Cabinet Committee on Infrastructure &ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While the original proposal had cast the NIB as an appellate body &ndash; with over-riding decision-making powers &ndash; the version approved by Cabinet makes it clear that the CCI&rsquo;s primary role will be to urge nodal ministries to fast-track clearances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&rsquo;s letter to the PM had warned that NIB&rsquo;s powers would &ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&rdquo;</div>               </font>
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-The Hindu
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&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;
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After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
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The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.
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However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.
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When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;
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After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;
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The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
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It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
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While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
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At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.
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The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;&lt;/div&gt;&#039;,
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-The Hindu
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&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;
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&lt;br /&gt;
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After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
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While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;New investment committee can hasten,not compel clearance&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Environment Ministry&amp;rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, controversial references to the mega-investment body&amp;rsquo;s possible intervention in the case of &amp;ldquo;failure&amp;rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &amp;ldquo;call unto itself the power of the Ministry concerned&amp;rdquo; have been deleted from the proposal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &amp;ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&amp;rdquo; she wrote. &amp;ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &amp;ldquo;All our concerns have been addressed.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &amp;ldquo;brand name which can enthuse investors&amp;hellip;in the current situation of gloom and general cynicism&amp;rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also dissolved the existing CCI &amp;ndash; Cabinet Committee on Infrastructure &amp;ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While the original proposal had cast the NIB as an appellate body &amp;ndash; with over-riding decision-making powers &amp;ndash; the version approved by Cabinet makes it clear that the CCI&amp;rsquo;s primary role will be to urge nodal ministries to fast-track clearances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &amp;ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&amp;rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&amp;rsquo;s letter to the PM had warned that NIB&amp;rsquo;s powers would &amp;ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&amp;rdquo;&lt;/div&gt;&#039;
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the..."/>
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                <strong>FinMin plan for NIB diluted -Priscilla Jebaraj</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>New investment committee can hasten,not compel clearance</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, controversial references to the mega-investment body&rsquo;s possible intervention in the case of &ldquo;failure&rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &ldquo;call unto itself the power of the Ministry concerned&rdquo; have been deleted from the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&rdquo; she wrote. &ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &ldquo;All our concerns have been addressed.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &ldquo;brand name which can enthuse investors&hellip;in the current situation of gloom and general cynicism&rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also dissolved the existing CCI &ndash; Cabinet Committee on Infrastructure &ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While the original proposal had cast the NIB as an appellate body &ndash; with over-riding decision-making powers &ndash; the version approved by Cabinet makes it clear that the CCI&rsquo;s primary role will be to urge nodal ministries to fast-track clearances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&rsquo;s letter to the PM had warned that NIB&rsquo;s powers would &ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&rdquo;</div>               </font>
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-The Hindu
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<br />
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<em>New investment committee can hasten,not compel clearance</em>
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<br />
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<div style="text-align: justify">
After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
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<br />
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<div style="text-align: justify">
However, controversial references to the mega-investment body&rsquo;s possible intervention in the case of &ldquo;failure&rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &ldquo;call unto itself the power of the Ministry concerned&rdquo; have been deleted from the proposal.
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<div style="text-align: justify">
<br />
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<div style="text-align: justify">
When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&rdquo; she wrote. &ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&rdquo;
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After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &ldquo;All our concerns have been addressed.&rdquo;
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<br />
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The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &ldquo;brand name which can enthuse investors&hellip;in the current situation of gloom and general cynicism&rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
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It also dissolved the existing CCI &ndash; Cabinet Committee on Infrastructure &ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
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<br />
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While the original proposal had cast the NIB as an appellate body &ndash; with over-riding decision-making powers &ndash; the version approved by Cabinet makes it clear that the CCI&rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
</div>
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<br />
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<div style="text-align: justify">
At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...',
	'disp' => '<div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>New investment committee can hasten,not compel clearance</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, controversial references to the mega-investment body&rsquo;s possible intervention in the case of &ldquo;failure&rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &ldquo;call unto itself the power of the Ministry concerned&rdquo; have been deleted from the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&rdquo; she wrote. &ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &ldquo;All our concerns have been addressed.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &ldquo;brand name which can enthuse investors&hellip;in the current situation of gloom and general cynicism&rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also dissolved the existing CCI &ndash; Cabinet Committee on Infrastructure &ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While the original proposal had cast the NIB as an appellate body &ndash; with over-riding decision-making powers &ndash; the version approved by Cabinet makes it clear that the CCI&rsquo;s primary role will be to urge nodal ministries to fast-track clearances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&rsquo;s letter to the PM had warned that NIB&rsquo;s powers would &ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&rdquo;</div>',
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	'title' => 'FinMin plan for NIB diluted -Priscilla Jebaraj',
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-The Hindu
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>New investment committee can hasten,not compel clearance</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, controversial references to the mega-investment body&rsquo;s possible intervention in the case of &ldquo;failure&rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &ldquo;call unto itself the power of the Ministry concerned&rdquo; have been deleted from the proposal.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&rdquo; she wrote. &ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &ldquo;All our concerns have been addressed.&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &ldquo;brand name which can enthuse investors&hellip;in the current situation of gloom and general cynicism&rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
It also dissolved the existing CCI &ndash; Cabinet Committee on Infrastructure &ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
While the original proposal had cast the NIB as an appellate body &ndash; with over-riding decision-making powers &ndash; the version approved by Cabinet makes it clear that the CCI&rsquo;s primary role will be to urge nodal ministries to fast-track clearances.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&rsquo;s letter to the PM had warned that NIB&rsquo;s powers would &ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&rdquo;
</div>',
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-The Hindu





New investment committee can hasten,not compel clearance





After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the...'
$disp = '<div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>New investment committee can hasten,not compel clearance</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Environment Ministry&rsquo;s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, controversial references to the mega-investment body&rsquo;s possible intervention in the case of &ldquo;failure&rdquo; of concerned Ministries to observe the stipulated time frame, even going so far as to &ldquo;call unto itself the power of the Ministry concerned&rdquo; have been deleted from the proposal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. &ldquo;This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,&rdquo; she wrote. &ldquo;If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: &ldquo;All our concerns have been addressed.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a &ldquo;brand name which can enthuse investors&hellip;in the current situation of gloom and general cynicism&rdquo;, the Cabinet chose to play it safe and make the announcement of yet another sub-committee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also dissolved the existing CCI &ndash; Cabinet Committee on Infrastructure &ndash; allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While the original proposal had cast the NIB as an appellate body &ndash; with over-riding decision-making powers &ndash; the version approved by Cabinet makes it clear that the CCI&rsquo;s primary role will be to urge nodal ministries to fast-track clearances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power &ldquo;to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary&rdquo;. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan&rsquo;s letter to the PM had warned that NIB&rsquo;s powers would &ldquo;be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.&rdquo;</div>'
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FinMin plan for NIB diluted -Priscilla Jebaraj

-The Hindu New investment committee can hasten,not compel clearance After the Environment Ministry’s vociferous objections to a National Investment Board (NIB) which could assume some of its authority, the Union Cabinet on Thursday approved a renamed and watered down version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to expedite decisions on infrastructure and manufacturing projects over Rs. 1,000 crore. The new CCI will be chaired by Prime Minister Manmohan Singh and include administrative Ministries as members. The Committee will prescribe time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met. It could review cases which face delays, and facilitate the removal of bottlenecks in the process. However, controversial references to the mega-investment body’s possible intervention in the case of “failure” of concerned Ministries to observe the stipulated time frame, even going so far as to “call unto itself the power of the Ministry concerned” have been deleted from the proposal. When the NIB proposal was originally mooted in October, Environment Minister Jayanthi Natarajan had strongly protested such clauses in a letter to the Prime Minister. “This concept is unacceptable. The NIB has no constitutional or legal authority to decide upon the failure of any Minister,” she wrote. “If any decision of the Minister for Environment is overruled by the NIB, who will answer to this in Parliament?” After the Cabinet approved the revised proposal on Thursday, Ms. Natarajan said: “All our concerns have been addressed.” The very change in name is a concession to those concerns. While the Finance Ministry argued that NIB has a “brand name which can enthuse investors…in the current situation of gloom and general cynicism”, the Cabinet chose to play it safe and make the announcement of yet another sub-committee. It also dissolved the existing CCI – Cabinet Committee on Infrastructure – allocating its responsibilities between the new CCI and the Cabinet Committee on Economic Affairs. While the original proposal had cast the NIB as an appellate body – with over-riding decision-making powers – the version approved by Cabinet makes it clear that the CCI’s primary role will be to urge nodal ministries to fast-track clearances. At the Cabinet meeting, both Ms. Natarajan and Rural Development Minister Jairam Ramesh reportedly asked for clarifications regarding a clause which gives CCI the power “to take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary”. However, both the Prime Minister and Finance Minister P. Chidambaram categorically said that any decision on clearing or not clearing a project is up to the nodal ministry alone, according to a source at the meeting. The Finance Ministry had argued that delays in clearances, especially in key sectors such as power, coal, roads and rail, and oil and gas, were slowing down economic growth. Challenging claims that the Environment Ministry was holding up key projects, Ms. Natarajan’s letter to the PM had warned that NIB’s powers would “be used for the benefit only of large investors, but not ordinary people, local citizens and stakeholders dedicated to preserving environmental integrity.”