South Korean steel maker POSCO may have to start its bid to enter India from scratch, letting six years of preparatory work go to waste. A top tribunal has cancelled environmental approvals given by the government last year for the company’s $12 billion (around Rs61,440 crore today) steel plant in Orissa and ordered that the environment ministry review the entire project afresh. The tribunal said environmental clearances have been accorded in...

The Comptroller and Auditor-General of India has found that the Naveen Patnaik government has ‘misused' the Land Acquisition Act for acquiring land for several big industrial projects, including the proposed mega steel plant by South Korean steel major POSCO. “Emergency Provisions of Section 17 (4) were misused and applied arbitrarily even without indicating detailed justification for the same and without fulfilment of prescribed conditions,” the CAG has stated. The CAG report...

Korean steelmaker POSCO’s bid to build a 12 million tone integrated steel complex in Jagatsinghpur, Orissa received a major jolt today after a two-judge bench of the National Green Tribunal suspended the environment clearance granted to the project in January 2011.   "The environment clearance granted on January 31, 2011 to the project shall remain suspended till such review and appraisal is done by the ministry," a bench of tribunal comprising Justice...

-The Times of India   KENDRAPADA: An England-based NRI will make a documentary on the protests by seaside villagers of Dhinkia, Nuagaon and Gadakujang against the proposed POSCO steel plant. The film-maker, Prafulla Mohanty (74), is from Nanpur village, 20 km from here. Mohanty, also a writer and painter, visited several villages in the area to make the film recently. "I will also write a book on the anti-land acquisition movement," Mohanty said. "Through...

Water is the most critical of all natural resources on which modern economies depend. Water scarcity and rapid economic advance cannot go hand-in-hand. Yet, with its per-capita water availability falling to 1,582 cu m per year, India has become water-stressed.  In 1960, India signed a treaty indefinitely setting aside 80% of the Indus-system waters for downstream Pakistan - the most generous water-sharing pact thus far in modern world history. Its 1996...