There is more trouble in store for South Korean steel maker Posco’s Orissa project. Shoreline surveys have found the state’s coastline to be highly erosive. Worse still, 50%, that is 4.8 km of the 9.3 km coastline along the proposed captive port site at Jatadhari is eroding. This is likely to put a spanner in the works for the South Korean company, which has been insistent on a separate captive...

If forests belong to the forest-dwellers, then the coastal areas should belong to the fishing community. Acting on this line, the government is proposing to bring in a new law — modelled on the Forests Rights Act — to establish rights of fishermen on the coastal areas and resources found therein. The Forests Rights Act, passed by Parliament in 2006 and brought into force in 2008, recognises the rights of tribals...

In an effort to stem the tide of corruption and keep the builder lobby "on a tight leash", a number of checks and guards have been introduced in the new coastal zone Regulations. But the one that is likely to cause much consternation among developers is the Centre's insistence that private companies undertaking any redevelopment of koliwadas (fishing villages) within 100 m of the coastline will come under the purview...

There is nothing sinister or diabolic about Union minister Kapil Sibal’s latest argument regarding the findings of the Comptroller and Auditor General (CAG) of India pertaining to the loss to the exchequer from 2G telecom licences in 2007. The basic argument pertaining to the erroneous notion of “presumptive loss” has been made before and Mr Sibal’s arithmetic is credible. Too much need not be made about this being a ministerial...

Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...