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Veerappa Moily rolls back Jayanthi Natarajan's decision on clearance for linear projects -Vikas Dhoot

-The Economic Times NEW DELHI: Environment and forest minister Veerappa Moily on Wednesday rolled back a major hurdle in the forest clearance process for projects like roads, transmission lines and pipelines that pass through villages and forest land, reintroduced in July 2013 by his predecessor Jayanthi Natarajan. The environment ministry has clarified on January 15 that linear projects would be able to get a forest clearance without procuring the consent of all...

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Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2013

-Press Information Bureau The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of December, 2013 declined by 1.3 percent to 179.2 (provisional) from 181.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.16% (provisional) for the month of December, 2013 (over December, 2012) as compared to 7.52% (provisional) for the previous month and 7.31% during the corresponding month...

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No green nod if panchayats oppose: Moily

-The Times of India GREATER NOIDA: Projects will not be given green clearance if these are opposed by local panchayats (village councils), petroleum minister M Veerappa Moily, who holds additional charge of the environment and forests ministry, said on Tuesday. "I have rejected Niyamgiri (project of Vedanta group) because all the panchayats have rejected the proposal... When the panchayats reject, we cannot go ahead with it. We have made a rule that...

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With Teesta, Veerappa Moily clears 65 projects in just two weeks

-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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Retail Inflation Slows to 9.87% in December

-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...

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