Claims about the benefits of Posco's $12 billion integrated steel project to Orissa's economy and job market come from a study by an “independent” research organisation — but was paid for by Posco itself. In January 2007, the National Council of Applied Economic Research (NCAER) published a report on ‘Social Cost Benefit Analysis of the POSCO Steel Project in Orissa,' which claimed that the project would directly and indirectly generate 8.7...
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Posco hits Green hurdle by GS Mudur and Ashutosh Mishra
Steel giant Posco’s proposal for the largest foreign direct investment in India has failed to pass environment muster with a central panel picking flaws in the process to settle forest rights and approve the shortlisted site in Orissa. Three members of the four-person committee have recommended that the Union forest and environment ministry scrap its approvals while the remaining nominee has suggested that the exercise be carried out afresh. The panel’s recommendations...
More »Neutrino lab project gets green signal by R Vasundara
The Union ministry of environment and forests (MoEF) has given clearance to the department of atomic energy to set up a neutrino observatory in Bodi West Hills reserved forest in Theni district in south Tamil Nadu. However, the approval is subject to conditions that the project does not entail cutting down trees or causing damage to the forest cover. The MoEF has also insisted on measures to minimize the effect...
More »UN expert urges aligning development with aspirations of indigenous people
Indigenous people are entitled to their own institutions and self-governing structures to enable them to manage their own affairs and ensure that the development process is aligned with their own cultural patterns, values and customs, a United Nations independent expert says in a report. “In the light of the extreme disadvantages that indigenous peoples have typically faced across a range of social and economic indicators, there are particular concerns… that must...
More »Raid whiff as Games files go missing by Archis Mohan and Sanjay K Jha
The Commonwealth Games corruption probe could lead to raids on the homes and offices of some of the organisers to find missing documents, sources said. Agencies investigating wrongdoing in the Games preparations have complained that key files and documents are untraceable or unavailable at the offices of the government departments that carried out the work. Enforcement Directorate sources said they might raid some of the key people behind the organisation of the...
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