Steel giant Posco’s proposal for the largest foreign direct investment in India has failed to pass environment muster with a central panel picking flaws in the process to settle forest rights and approve the shortlisted site in Orissa. Three members of the four-person committee have recommended that the Union forest and environment ministry scrap its approvals while the remaining nominee has suggested that the exercise be carried out afresh. The panel’s recommendations...
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Meena Gupta’s Posco report on Monday
The fate of South Korean steel giant Posco’s project in Orissa will be decided by early November. The decision will be taken before Prime Minister Manmohan Singh travels to Seoul for the G-20 meet in the second week of November. The environment ministry-appointed committee headed by former environment secretary Meena Gupta will submit its report on October 18. Sources said that there are indications that the panel will not be submitting...
More »India's Games of Shame by Mitu Sengupta
Delhi is an anxious city this monsoon season, struggling to meet an onerous deadline. Preparations continue at a feverish pace for the 19th Commonwealth Games (CWG), which will bear down on the Indian metropolis October 3-14, along with some 8,500 athletes from the 71 states and territories that were once part of the British Empire. Around-the-clock construction and spells of heavy monsoon rain have turned Delhi into a swirl of mud...
More »Decision on Posco’s Orissa project next mth
A decision on South Korean steel major Posco’s project in Orissa is likely to be taken soon after the environment ministry appointed committee submits its report on October 11. Work on Posco’s Rs 54,0000-crore project in Jagatsinghpur was suspended following a stop-work order by the environment ministry in August. "The panel has almost finalised its report and will submit it to the ministry on October 11. It will be then discussed by...
More »Vedanta Alumina gets violation notice
The environment ministry has issued environmental violation notice to Anil Agarwal-promoted Vedanta Alumina’s Lanjigarh refinery. Violations include failure to adhere to environment protection norms, unauthorised expansion of capacity to 6 million tonnes and sourcing of bauxite from illegal mines. The company has time till September 14 to submit its reply. An unsatisfactory explanation could result in the refinery’s closure. The ministry had, last week, rejected Vedanta’s $1.7 billion bauxite mining...
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