There was a lot of apprehension before budget day regarding what the Union finance minister will do to reduce the deficit. Will he roll back the tax concessions implemented a couple of years ago as part of a fiscal stimulus package? Will he announce populist social sector spending in view of the major state polls coming up this year? Will he be too timid and not take any bold steps...

An estimated 75 per cent of the world’s coral reefs are threatened by local human activity, including over-fishing, coastal development and pollution, and global pressures such as climate change, warming seas and rising ocean acidification, according to a United Nations-backed report unveiled today. “Reefs at Risk Revisited,” launched today in Washington and London, says that if the threats to the reefs are not dealt with, more than 90 per cent of...

Faced with soaring food prices for the second time in three years, senior United Nations experts today called for greater investment in agriculture from both the public and private sectors to increase smallholder productivity.   “Policy-related solutions are also required to increase the longer-term resilience of global agriculture to allow greater levels of supply to markets as demand grows,” UN Food and Agriculture Organization (FAO) Senior Economist Jamie Morrison told a meeting...

ENVIRONMENT MINISTER DISREGARDS FINDINGS OF HIS OWN REVIEW AND STATUTORY CLEARANCES COMMITTEES The following is the statement issued to the press by Abhay Sahoo, President of the POSCO Pratirodh Sangram Samiti (PPSS), and Prashant Paikeay, the PPSS spokesperson, on January 31, 2010. The decision of Environment Minister Jairam Ramesh to give a comprehensive okay to the POSCO India Steel Power Production-Captive Port project, based on some additional conditions, is nothing short of...

India’s rulers have found a new vocation – maligning environmentalists and questioning the very idea of regulating industry for pollution. Thus, faced with criticism of Lavasa, an artificial gated city of the super-rich near Pune, in which his family has invested crores, Agriculture Minister, Sharad Pawar, lashed out at well-known activist Medha Patkar and other “vested interests” for obstructing this “pioneering” project. Lavasa’s promoters built the project without seeking environmental clearance...