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”...
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Ban not the answer to illegal mining, says Handique by Sujay Mehdudia
Days after Union steel Minister Virbhadra Singh lauded the Karnataka government for imposing a ban on iron ore export, Union Mines Minister B.K. Handique came down strongly on the State government for failing to get its act together on checking illegal mining. In a harshly worded letter to Karnataka Chief Minister B.S. Yeddyurappa, Mr. Handique stated that banning iron ore export was not the right approach. Rather, it was a “sad...
More »Rs 60,000 crore is the cost of rotting food grain every year. Yet, millions go hungry by Suman Sahai
EVERY OTHER day there is either a newspaper report or an editorial comment lamenting the loss of food grain stored in buffer stocks. Agriculture Minister Sharad Pawar, while prophesying a bumper kharif crop, admits he is worried about not having adequate storage for the produce. At a national conference in 2003, the Central Warehousing Corporation said it had covered storage capacity for 48 million tonnes of food grain. In 2002,...
More »Iron ore mines going for Rs 1 lakh in Chhattisgarh? by Supriya Sharma
There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore iron ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp steel and Mines Ltd. The same day, the company applied for a prospecting licence...
More »Vedanta, Posco being probed over forest law violation
Union Ministry of Environment and Forests is investigating alleged violation of forest laws by Vedanta Co and Korean steel maker Posco in Orissa, the Rajya Sabha was informed on Monday. Replying to supplementaries during Question Hour, Minister for Environment and Forests Jairam Ramesh said a four-member expert group is currently in Orissa looking at all cases of alleged violation by Vedanta Co. An iron ore mining project may comprise both forest and...
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