Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether. “Answer does not lie in the companies stopping mining activities. Answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development,” Mr Mukherjee said at a coal summit on...

A decision on South Korean Steel major Posco’s project in Orissa is likely to be taken soon after the environment ministry appointed committee submits its report on October 11. Work on Posco’s Rs 54,0000-crore project in Jagatsinghpur was suspended following a stop-work order by the environment ministry in August. "The panel has almost finalised its report and will submit it to the ministry on October 11. It will be then discussed by...

The proposal of the Orissa government to supply surplus water from Hansua River to Posco India's proposed mega Steel plant at Paradip has drawn flak from the farmers who have decided to protest this move of the government. The activists of Nab Nirman Krushak Sangthan conducted a meeting at Redhua near Paradip while hundreds of farmers joined rallies to protest the move of the state government to supply water for the...

Amid a furore over 26 per cent profit-sharing with locals under the proposed new mining law and demands for watering down the provision for PSUs, the Mines Ministry today said its final draft will go with the recommendations of the Group of Ministers. "Based on the discussion of the Group of Ministers (GoM), the final draft of the new mining bill is being prepared by the Mines Ministry and will be...

The Meena Gupta Committee formed by the Union Ministry of Environment and Forests (MoEF) to look into forest rights and other issues involving Posco project, today visited the Jatadhari river mouth, site of the project’s proposed captive port, in its second trip to the state in less than one month. Posco proposed to set up a captive port at Jatadhari river mouth, 10 km from Paradip port, on 500 acres of...