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The unaccounted costs of targeting-Martin Ravallion

-The Indian Express     A degree of targeting is useful in ensuring that policies are effective in reducing poverty. But we have to be careful how this is done. With the right policies, India has a good chance of seeing accelerated poverty reduction in the coming decades. As I have previously argued, this will require that India does a better job in reaching the country's many poor people through its social policies. However,...

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A healthy tree worth Rs 24 lakh per year: Report -Neha Lalchandani

-The Times of India NEW DELHI: The economic value of a healthy tree with respect to its oxygen producing capacity is roughly Rs 23.72 lakh per year, claims a report by NGO Delhi Greens. In an effort to prove that cutting even a single tree is a costly affair, the NGO has come out with a 'Report on Economic Valuation of Oxygen Supplying Ecosystem Service of Healthy Trees'. Their claim is based...

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12th gram sabha too votes against Vedanta mining-Santosh Patnaik

-The Hindu "It is time now for Vedanta to gracefully respect public sentiment and pack off its establishment" JARAPA (ODISHA): Efforts of Vedanta Aluminium Limited (VAL), belonging to London-listed Vedanta Resources Plc, to mine bauxite ore in Niyamgiri hills in Odisha received a severe blow on Monday with the 12th palli (gram) sabha also voting against mining there. This is the first time an environmental referendum is conducted on a directive by the...

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UP lost Rs 1,400 crore to illegal mining, CAG says -Shailvee Sharda

-The Times of India LUCKNOW: Illegal mining in Uttar Pradesh between 2005-11 caused a loss of Rs 1,400 crore to the exchequer, says a draft report of the comptroller & auditor general. The report, prepared on the activities of state geology and mining directorate, belies state government's claims on checking illegal mining and indicates that illegal mining is widespread. It reveals several procedural gaps in legal quarrying as well. The auditors, who...

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Infra no more a tearjerker: Govt clears big-ticket investment projects worth Rs 1.1 lakh cr -Vikas Dhoot

-The Economic Times NEW DELHI: Big-ticket investment projects worth Rs 1.1 lakh crore, stuck for years for want of myriad government clearances, have finally got the green signal to start operations. The Centre has unravelled last-mile hurdles holding up 28 such projects at a time Prime Minister Manmohan Singh has identified the government's primary task as reinvigorating confidence in the Indian economy, with domestic players having virtually abandoned fresh investments. The clearances would...

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