-The Financial Express Veerappa Moily says environment will be protected but won't be biased against industry. After Posco and Tawang, environment minister M Veerappa Moily has cleared the state-owned NHPC's 520 MW Teesta-IV hydro-electric project in Sikkim, thus having approved three big projects in three days, which were stuck despite having clearances from all other statutory and related bodies. Veerappa Moily, who approved the Teesta project on January 9, said at the Express...
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Environment and development
-The Hindu The decision of the Ministry of Environment and Forests to revalidate the environmental clearance issued to South Korean steelmaker Posco for the proposed steel plant in Odisha is based on a piecemeal approach, rather than a comprehensive and cumulative assessment of all parts of the project. It cannot claim to rely on sound judgment. What distinguishes the proposal from the welter of projects before the Ministry is its...
More »Delhi govt. withdraws approval for FDI in retail -Vishal Kant and Puja Mehra
-The Hindu The policy reversal could impact Delhi's FDI-friendly image with the city's consumers being amongst the top spenders in the country. The Arvind Kejriwal-ruled Delhi government has decided to withdraw Foreign Direct Investment (FDI) in multibrand retail. On Monday, the Aam Aadmi Party (AAP) government informed the Centre of its decision to renege on its predecessor, the Sheila Dikshit dispensation's approval of the policy. Monday's policy reversal could impact Delhi's FDI-friendly image....
More »Agri Ministry to bring down market fee in APMC yard -Anindita Dey
-The Business Standard Mumbai: The Ministry of Agriculture proposes drastic reduction in the market fee and commission charges paid in the Agricultural Produce Marketing Committee ( APMC) markets. To this effect, it also suggest abolishing the present system of licensing of traders / commission agents by substituting it with system of registration. Accordingly, there will be a single unified registration for the main market and collection...
More »Posco, biggest FDI, gets green flag after 8 long yrs
-The Indian Express The environment ministry under Veerappa Moily has approved the $ 12.6 billion Posco steel plant in Orissa, the biggest foreign direct Investment in India. The proposed 12 million-tonnes-per-year plant has been stuck for more than eight years due to delays in getting clearances and acquiring land. Top sources confirmed to The Indian Express that the steel plant got the green signal after it was delinked from the port project. It...
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