The Bombay High Court at Goa on Friday quashed the allotment of land on lease by the State-owned industry promotion body to the promoters of seven Special Economic Zone(SEZ) projects upholding the State Government's power to scrap the SEZ policy and the projects in public interest. A Bench comprising Justice A. S. Oka and Justice F. M. Reis, inter alia ruled that that there was lack of fairness and transparency in...
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Rs 3,300 crore for 60 Naxal-hit areas
Aiming to arrest the spread of Red terror in the country, the Union Cabinet cleared a Rs 3,300 crore special plan for 60 Naxal-affected districts across nine states to ensure overall development of these areas. Earlier, 35 districts were slated to receive the funds. Under the special plan -- Integrated Action Plan (IAP) for Selected Tribal and Backward Districts -- each of the 60 Naxal-hit districts would get Rs 25 crore...
More »Lavasa asked to explain ‘violations' in project by Amruta Byatnal and Priscilla Jebaraj
The Union Environment Ministry on Friday issued a show cause notice to the controversial Lavasa Corporation Limited (LCL), raising serious questions over a number of its constructions that it deems as ‘violations.' Lavasa, India's first hill city, is the ambitious project undertaken by Hindustan Construction Company (HCC) about 45 km from Pune. To be built over 25,000 acres, the luxurious city now faces a serious problem with the Ministry notice. The company...
More »Probe FEMA violations in CWG projects: CVC to ED
The Central Vigilance Commission (CVC), probing alleged financial bungling in the Commonwealth Games-related projects, has referred certain cases to the Enforcement Directorate (ED) to check whether there was violation of foreign exchange laws. Official sources said that projects like construction of Commonwealth Games Village near Akshardham temple and flyovers, hiring and procurement of medical and fitness equipment and conduct of outdoor publicity campaign by the Organising Committee may come under the...
More »Understanding the Puzzling Nature of Poverty by Akash Kapur
Rahul Gandhi, the general secretary of India’s Congress party, often says that there exist “two Indias” — one of the rich, and one of the poor. Those two Indias were in evidence a couple of weeks ago, when closely timed events on opposite sides of the planet brought into relief the deep divides that in many ways define this country. In Mumbai on Nov. 7, President Barack Obama told a group of...
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