The Orissa government has to give an assurance that not a single person is entitled to benefits under the Forest Rights Act, according to one of the conditions set by the Union environment ministry while giving provisional clearance to the Posco project today. The condition has been imposed following allegations that claims under the Forest Rights Act had not been settled. The act deals with dependants on forests for livelihood. The project,...

Clearing a protracted uncertainty over India’s largest-ever foreign direct investment, the Union Environment Ministry today gave its approval to South Korean steel major POSCO’s proposed iron and steel plant in Orissa. In an order today, the Ministry gave environmental clearance for the construction of a 12-million tonne per annum capacity iron and steel plant (4 million tonnes in first phase) and a captive power plant at Jagatsinghpur district of Orissa. It also...

Illegality in India today touches almost every economic activity. It is both systemic and systematic. The Indian ruling class faced its severest crisis of credibility in 2010. Its past caught up with it and skeletons and scams were spilling out of its closets. The scams have a symbiotic relationship with the black economy. The number of scams is growing and so is the size of the black economy, which has reached...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

The Comptroller and Auditor General of India (CAG) has found several inadequacies in the implementation of the Swarnajayanthi Gram Swarozgar Yojana (self-employment scheme) by the State government, including inadequate coverage of the SC/ST and disabled beneficiaries and ineffective monitoring mechanism. The report of the CAG (Panchayat Raj institutions) - 2009, tabled in the Assembly on Tuesday, points out that non-utilisation of grants on time resulted in the loss of assistance to...