-The Telegraph Shillong: The National Green Tribunal has ordered a stop to rat-hole coal mining across Meghalaya and it observed that neither the government nor the people were benefiting from "illegal mining" except the "coal mafias" while warning against illegal transportation of the mineral. This is the latest instance that a national authority has intervened in the traditional and unscientific form of coal mining that has been the order of the day...
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The weakest link in development lending-Joe Athialy
-The Business Standard Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...
More »Crony capitalism or plain corruption?-Arvind Virmani
-The Hindu Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...
More »Growth is not a victim of the UPA, it is the other way round -Maitreesh Ghatak and Parikshit Ghosh
-The Hindustan Times If the opinion polls are to be believed, the UPA is facing a rout in the coming Lok Sabha elections. One explanation, popular in the media, goes something like this: The UPA faces voter wrath because it destroyed growth. The economy has paid a price for bad governance and expensive welfare schemes. If you look at data for the last two years, this view will find some support....
More »Jairam Ramesh brushes aside National Green Tribunal flak on clearance to 3 mines in Chhattisgarh
-The Times of India NEW DELHI: A day after receiving flak from the National Green Tribunal (NGT), Union rural development minister Jairam Ramesh defended his decision, as then environment minister, to clear three cases of coal mining in Chhattisgarh. Ramesh said he acted on his "own assessment" which was well within his right as a minister. In a statement, Ramesh said, "While forest advisory committee (FAC) was carrying out its due diligence,...
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