-NDTV Bhubaneswar: The Odisha government has put off the land acquisition for Rs. 52,000 crore Posco steel plant in Jagatsinghpur district today after protests by local villagers since the process resumed last week. The police force deployed at the Gobindpur village near the Posco site will also be withdrawn for now. The move comes a day after standoff between villagers and police when the cops allegedly tried to enter the village. The agitators, including...
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World Bank Unmoved on Auditor’s Criticism of Forest Policy -Carey L Biron
-IPS News Officials at the World Bank are forcefully rejecting a new internal evaluation that is highly critical of the institution’s decade-long forest policy, expressing their “strong disagreement” with some assertions in the report. The assessment, written by the Independent Evaluation Group (IEG), the World Bank Group’s auditor, warns that expectations for poverty reduction as envisioned in the bank’s 2002 Forest Strategy “have not yet been met”. The report is particularly critical...
More »IMF forecasts 4.5% growth for India; to lose second fastest-growing economy tag
-The Economic Times India looks all set to cede the moniker of the world's second fastest growing major economy for 2012, a fall from glory for a country that was spoken in the same breath as China for much of the previous decade and even nursed ambitions of upstaging its larger neighbour. The latest global economic growth forecasts from the International Monetary Fund (IMF) have India growing at 4.5% in 2012 (at...
More »RIL stalls CAG audit yet again -Sujay Mehdudia
-The Hindu It has been insisting that the audit of KG-DWN-98/3 block not be made public Emboldened by the stagnation in the arbitration proceedings, the Mukesh Ambani-owned Reliance Industries Limited (RIL) has once again stalled the audit of KG-DWN-98/3 block by Comptroller and Auditor General (CAG) by refusing to furnish records, financial accounts and SAP access for the KG D6 block for the 2008-12 period on various grounds. It is learnt that RIL...
More »Analysis of functioning of MoEF's Expert Appraisal Committee on River Valley Projects
-South Asia Network on Dams, Rivers & People The Expert Approval Committee has zero rejection in six years The Union Ministry of Environment and Forests’ (MoEF) Expert Appraisal Committee (EAC) on River Valley and Hydroelectric Projects (RVP) has considered a total of 262 hydropower and irrigation projects in close to six years since April 2007 when the new committee was set up to its latest, 63rd meeting in December 2012. An...
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