Advocates carrot and stick formula to ensure compliance Norms must be enforced, which is often difficult, says Prime Minister “Capacity building, key to effective village level planning” In the midst of the raging debate on environment versus development, Prime Minister Manmohan Singh has warned that enforcement of environmental standards must not signal a return to the licence permit raj era. Addressing the Delhi Sustainable Development Summit organised by The Energy and Resources Institute (TERI)...
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A clearance, just in time
To its credit, the ministry under Jairam Ramesh is no longer the money-making racket it once was. But its activism often resembles regulatory overreach The decision by the Union Ministry of Environment and Forests (MoEF) to give a conditional green signal to the $12 billion Posco steel project in Orissa is exquisitely timed. It will hopefully send out a strong signal that India continues to be open for business and environmental...
More »Posco plant, India’s largest FDI, gets the green flag
Clearing a protracted uncertainty over India’s largest-ever foreign direct investment, the Union Environment Ministry today gave its approval to South Korean steel major POSCO’s proposed iron and steel plant in Orissa. In an order today, the Ministry gave environmental clearance for the construction of a 12-million tonne per annum capacity iron and steel plant (4 million tonnes in first phase) and a captive power plant at Jagatsinghpur district of Orissa. It also...
More »Posco forest act onus falls on Orissa govt
The Orissa government has to give an assurance that not a single person is entitled to benefits under the Forest Rights Act, according to one of the conditions set by the Union environment ministry while giving provisional clearance to the Posco project today. The condition has been imposed following allegations that claims under the Forest Rights Act had not been settled. The act deals with dependants on forests for livelihood. The project,...
More »India's $12bn Posco steel plant gets conditional approval
India's environment ministry has given conditional approval to South Korean company Posco's plan to build a steel plant in the eastern state of Orissa. The ministry has also cleared the plant's captive port and power plant if certain conditions are met. The $12bn plant is India's largest foreign investment project. Last year, a government panel said that environmental clearances for the plant be scrapped. Critics say the project will exhaust iron deposits in...
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