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...

The market for clean energy products and services is increasing among India’s rural poor, and according to a new analysis, could potentially grow to more than USD 2 billion per year. Demand for clean energy products is rising among India’s rural communities, according to the Power to the People analysis released today by Centre for Development Finance at the Institute for Financial Management and Research (CDF-IFMR) and the World Resources Institute(WRI)....

Exposed, untreated excrement can kill by the million. One of the hardest-won UN Millennium Development Goals (MDGs) is a 2015 target of halving the proportion of those without sustainable access to safe drinking water and adequate sanitation. Even if achieved, the target would still leave some 500 million on the planet without this basic requirement for survival and dignity. As many as 79 per cent of rural and 46 per...

The International Energy Agency (IEA) has highlighted that over 20% of the global population or 1.4 billion people lack access to electricity, which hinders economic and social development. Here in India, the grim reality is that almost half the population in rural areas has little or no supply of power. For long years, open-ended subsidies in power have mostly been diverted and usurped by the undeserving non-poor. Fortunately, social, managerial and...

The Planning Commission has expressed inability to provide funds for implementing the National Food Security Act in the final lap of the Eleventh Five Year Plan, arguing that doing so would mean it will have to divert funds from existing schemes. Planning Commission Deputy Chairman Montek Singh Ahluwalia, in his presentation before the National Advisory Council (NAC) here on Friday, proposed the rollout of the scheme from the beginning of...