In a move that could further delay South Korean steel giant Posco’s plan to build a $12-billion steel plant near Paradip in Orissa, the expert appraisal committee of Coastal Regulation Zone on Tuesday decided to defer its decision on giving approval to the project. The panel has cited absence of sufficient details on the likely environment impact of its captive port at Jatadhari, near Paradip, said people involved in the matter....

Keen to act as a "bridge" between developing and developed nations at the UN climate summit in Cancun beginning tomorrow, India has offered two proposals on the issues of monitoring of national emissions cuts and sharing of green technologies with poorer countries. "We need to be practical and cannot remain frozen and should engage with all countries as part of our foreign policy," Environment Minister Jairam Ramesh said recently about...

A Farmers’ Round Table held in Dharwad has demanded that the state agricultural universities in Dharwad and Bangalore must present their research initiatives of the year in front of a farmers’ jury mainly of the small and marginalised and commit to respect its verdict. The Round Table also demanded that at every Krishi Mela held across the state, there should be a mini farmers’ jury to openly and transparently discuss the...

The government is probing funds received by 77 NGOs from foreign shores , including tax havens, to find out their sources, suspected forex violation and alleged illegal investment. The probe has been launched after the Intelligence Bureau (IB) shared with the Financial Intelligence Unit (FIU) the activities of the non-government organisations and their suspected foreign sources of funds. The investigations by the enforcement agencies will try to find out from which countries...

The recent crisis in the micro-finance industry, brought about by some incidents in Andhra Pradesh, has led to the development of a new concept in the Indian thinking on development — that of “responsible finance”. Responsible finance is supposed to mean financial activities by companies that make just about enough returns to stay in business and charge rates of interest on loans to the poor that are only marginally higher than what...