The Orissa government suspends the land acquisition for the Posco project in the face of stiff opposition from the people. SIX years ago, when the South Korean steel giant Posco arrived in Orissa with the biggest ever foreign direct investment that had come the country's way, it was expected to help rid the economically backward State of its ‘poor' tag and bring prosperity. Posco had won the $12 billion deal at...
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Manmohan admits to pressuring Jairam by Priscilla Jebaraj
Agrees to consider five coal blocks to be moved from “no-go” to “go” zone In a further breakdown of his vaunted “no-go zone” concept to prevent mining in heavily forested areas, Environment Minister Jairam Ramesh has agreed to consider five coal blocks in the forests of Orissa to be moved from the “no-go” to “go” zone. Interestingly, the decision comes on a day when Prime Minister Manmohan Singh admitted that he had...
More »The not-so-shining India by Dr Binayak Sen
TODAY, India is considered around the world as a rapidly developing country posting economic growth rates of around 8-9 percent consistently over the last several years. Along with China, which is much further ahead, India is seen as a powerhouse of the global economy in the decades to come and already it is home to a very large number of dollar billionaires, perhaps the largest such number in Asia. In...
More »Food security depends on development of agriculture sector, says President by R Krishna Das
President Pratibha Devisingh Patil has stressed for increasing agricultural production in the country by using modern technology. “We must not forget that the food security in the country is dependent on the development of agriculture sector,” she said while addressing members of Chhattisgarh Legislative Assembly here on Friday afternoon before inaugurating the newly constructed central hall in the premises. The President said new agriculture system and modern technology should be used with...
More »Jairam Ramesh okays mining proposals on fringes of Hasdeo-Arand forest
-The Economic Times Environment minister Jairam Ramesh has approved two mining proposals - one by Iifco and the other by the Rajasthan Rajya Vidyut Utpadan Nigam - on the fringes of the Hasdeo-Arand forest region in Chhattisgarh. Ramesh set aside the recommendation of the statutory body of the environment ministry, the Forest Advisory Committee , to reject the proposals. With Thursday's order, coal mining will be allowed in Tara, Parsa...
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