The Union ministry of environment and forests (MoEF) has given environment clearance to the controversial Jaitapur nuclear power project slated to come up in Madban village (Ratnagiri district) along the Konkan coast. This is the second major project, after the Navi Mumbai airport, to be cleared by minister Jairam Ramesh in a week. The 9,900-mw Jaitapur nuclear power plant, the country's largest, will be set up in collaboration with the French...

India has lost nearly a half-trillion dollars in illegal financial flows out of the country, says a new study by Global Financial Integrity. India is losing nearly Rs.240 crore every 24 hours, on average, in illegal financial flows out of the country. The nation lost $213 billion (roughly Rs.9.7 lakh crore) in illegal capital flight between 1948 and 2008. However, over $125 billion (Rs.5.7 lakh crore) of that was lost in...

The effect of labour-oriented schemes like MGNREGS and health insurance cover for 300 million people are yet to be captured, says U.N's labour organisation's report India has performed poorly in providing social security protection to its people until recently with “very high vulnerability” to poverty and informal labour practices in the world, according to the International Labour Organisation. In its first comprehensive ‘World Social Security Report’, which was released yesterday, the ILO...

Some people feel agriculture in India provides employment much beyond its capacity — that is, the number of people working on the farm is many times the actual requirement. Prime Minister Manmohan Singh is among the proponents of this view. In his interaction with a group of editors last month, Singh said, “The only way we can raise our heads above poverty is for more people to be taken out of...

The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition.   There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...