The rapid growth of global markets has not seen the parallel development of social and economic institutions to ensure balanced, inclusive and sustainable growth. Although we may not have yet reached “the end of history,” globalisation has brought us closer to “the end of geography” as we have known it. The compression of time and space triggered by the Third Industrial Revolution —roughly, since 1980 — has changed our interactions with...
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River Regulation Zone coming: Jairam
‘Akshardham, CWG Village on Yamuna bank shouldn't have got nod' Neither the Commonwealth Games Village nor the Akshardham Temple should have been allowed to be built on the banks of the Yamuna, according to Environment Minister Jairam Ramesh. He proposes to issue a River Regulation Zone notification to protect riverbeds from such harmful constructions in the future. “The manner in which the Yamuna riverbed has been devastated by constructions should be a...
More »MoEF to pass final order on Lavasa by January 17
Bombay High Court gives one week-extension to the Ministry The Bombay High Court on Friday gave an extension of one week to the Ministry of Environment and Forests (MoEF) to pass its final order on whether the planned hill-city Lavasa near Pune has violated any environmental Regulations. The Ministry will now pass the final order by January 17. Additional Solicitor-General Darius Khambatta told TheHindu: “The MoEF applied for and was granted an...
More »Lessons for micro-finance from 2010 by Subir Roy
The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...
More »CRZ review may land Posco in trouble by Nitin Sethi
Before the environment minister Jairam Ramesh takes a call on Posco by the end of January the ministry is expected to put up the last of the three reviews of the Rs 54,000 crore project for his perusal – on the Coastal Regulation Zone clearance for the steel plant and the planned port. The review of the CRZ clearance for the project may land the Korean giant in trouble with...
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