Mining will hurt biodiversity and discourage development of coal technology If coal mining is allowed in heavily forested areas today, it could deprive the country of a strategic energy reserve for the future, according to the Environment Ministry. It would also go against the Forest Conservation Act, invite judicial intervention, hurt biodiversity and discourage the development of coal technology. These are among the arsenal of arguments unsheathed by the Ministry to counter...

Food inflation soared to 17.05 per cent for the week ended January 22, rising for the second straight week, on the back of costlier vegetables, fruits and milk. Food inflation rose by 1.48 percentage points from 15.57 per cent in the previous week. The food inflation last year had stood at 20.56 per cent. On an annual basis, onion prices rose by 130.41 per cent in the third week of January,...

The United Nations Conference on Trade and Development (UNCTAD) today cautioned on rampant speculations in the global commodity markets which is Fuelling unprecedented price hikes around the world, with worst effects on poor countries such as India. "Financial speculation in global commodities trade is a source for concern as it contributed to steep price hikes," UNCTAD's Secretary General Supachai Panitchpakdi said on the sidelines of a special meeting convened by UNCTAD...

The government has a plan to reach welfare to the poor without wasting money. It wants to put hard cash in their hands instead of spending on welfare programmes. To begin with, it wants to end the public distribution system of food grain and give money directly to the people. Its logic: the new system of cash transfer will plug leakages and save an enormous amount of money. But is it...

More than a thousand villagers from Chhattisgarh's coal-rich Raigarh district have expressed their opposition to a mine proposed by Vedanta Resources, a giant multinational. Vedanta, if granted clearance, hopes to mine four million tonnes of coal a year to Fuel the expansion of its 810-MW captive power plant on the Bharat Aluminum Company (BALCO) premises in Korba, Chhattisgarh. Vedanta acquired a 51 per cent stake in BALCO in 2001, and the...