A week after the Ministry of Environment and Forests threw the Vedanta Aluminium project in Orissa into doldrums by denying final stage forest clearance, the fate of the 12 million tonne per annum steel project by Korean steelmaker Posco appears to be bleak after the ministry widened the ambit of the Meena Gupta panel looking into the steel project. In July this year, the MoEF had formed a four-member panel headed by...
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Orissa to move apex court over POSCO project
Orissa will move the Supreme Court against a high court order disapproving its grant of permission to South Korean steel major POSCO to prospect for iron ore in Sundergarh district, an official said on Saturday. A bench of the Orissa High Court July 14 set aside the permission granted to POSCO last year for prospecting iron ore in over 2,500 hectares in the Khandadhar hills in Sundergarh. "We have decided to appeal...
More »Ministry directs Orissa govt to stop work at Posco site
South Korean steelmaker Posco’s wait just got longer with the Union environment ministry directing Orissa government to stop all work at the project site, including land acquisition. The decision was taken after the N C Saxena-Devendra Pandey committee, appointed by the Centre, reported violations of the Forest Rights Act (FRA) at the Posco site. For its part, the state government has said that it will take “corrective and accurate steps”...
More »Enhanced FDI in retail will transform rural economy by Sujay Mehdudia
Anand Sharma rules out loss of jobs or displacement of small vendors A re-orientation of the policy framework was the need of the hour and enhanced foreign direct investment (FDI) in multi-brand retail would transform the rural economy and generate massive employment and opportunities for both rural and urban youth. This was stated by Union Commerce and Industry Minister Anand Sharma here on Wednesday. This was his first comments to a discussion...
More »FDI Vs Tribes by Ajoy Ashirwad Mahaprashasta
THE Indian Bureau of Mines, in its Indian Minerals Yearbook–2005, notes that Chhattisgarh has 28 different types of minerals, with coal and iron ore being the most abundant. The Centre for Science and Environment (CSE), in its comprehensive book Rich Lands, Poor People: Is ‘Sustainable' Mining Possible?, says that around 16 per cent of India's coal reserves, 10 per cent of its iron-ore reserves, 5 per cent of its limestone...
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