A decision on South Korean steel major Posco’s project in Orissa is likely to be taken soon after the environment ministry appointed committee submits its report on October 11. Work on Posco’s Rs 54,0000-crore project in Jagatsinghpur was suspended following a stop-work order by the environment ministry in August. "The panel has almost finalised its report and will submit it to the ministry on October 11. It will be then discussed by...
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Why Posco is in trouble in India
Posco, the world's fourth largest steel maker, was in January ranked among a global list of 100 companies that will last for the next 100 years. Interestingly, governance, transparency and capacity to handle environment-related issues are taken into account in selecting these 100 companies "Posco will not only last the next 100 years, but will go beyond, and India will play a big part in our story of survival and growth", CK...
More »Rural distress
KEY TRENDS • The report entitled Pradhan Mantri Fasal Bima Yojana: An Assessment from the Centre for Science and Environment (released on 21 July, 2017) finds that PMBY is not beneficial for farmers in vulnerable regions. For farmers in vulnerable regions such as Bundelkhand and Marathwada, factors like low indemnity levels, low threshold yields, low sum insured and default on loans make PMFBY a poor scheme to safeguard against extreme weather events. CSE's...
More »Right to Information
KEY TRENDS • A total of 7.55 lakh (755,247) RTI applications were received by the reporting public authorities in 2014-15. This is about 79,000 fewer RTI applications received in 2013-14. The CIC report notes this decline in the number of RTIs received. However almost 90,000 RTI applications were pending decision at the start of the reporting year of 2014-15 *@ • Around 67 percent of men and 54 percent of women interviewed...
More »Union Budget And Other Economic Policies
**page** [inside]KEY TRENDS of the Union Budget 2023-24[/inside] Budget 2023-24 is the last full budget before the general election scheduled for 2024. An analysis of the budget allocations suggests that the union government has squeezed expenditure, particularly on food subsidy and the NREGA budget, while boosting Capital expenditure and giving the middle class tax benefits. Social sector activists working on Right to Food, the National Rural Employment Guarantee Act (NREGA) came out with...
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