-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...
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Freeze derails Rs 5L cr worth projects-Anil Sasi
The policy deep-freeze and land acquisition woes have resulted in over 500 projects, mostly power and steel, being shelved or put on hold during 2011-12, entailing a total investment of over Rs 5,00,000 crore. According to CMIE estimates, during the year Rs 1,70,000 crore worth of investment projects had been abandoned by project developers, and another Rs 3,30,000 crore worth were stalled on account of various procedural issues. The core sectors, led...
More »RTI success: Ministry of environment & forests uploads the damning Western Ghats Ecology Expert Panel Report-Vinita Deshmukh
On 23rd May, Moneylife wrote on how a Kerala citizen was denied access to Western Ghats Ecology Expert Panel Report (WGEEP). The Central Information Commission and the Delhi High Court ordered the ministry to make it public. It has now been uploaded on its site Just when one wondered whether the ministry of environment & forests (MoEF) would turn to the Supreme Court after the Delhi High Court on 17th May,...
More »CM admits land clog in industry-Arnab Ganguly
Mamata Banerjee today said private investors “are staying away from Bengal because land is not available for them”. However, she laid stress on the importance of public sector projects — the state has attracted some — saying “public sector investment is also investment”. The chief minister, whose government’s hands-off policy on land acquisition has so far acted as a deterrent for private industry, said at a railway programme in Hooghly’s Dankuni: “The...
More »Odisha to submit 12th Plan document to Centre
-The Business Standard The Odisha government expects to send the comprehensive document for the 12th Plan (2012-17) to the Centre by the end of June this year. Ahead of submission of the document to the Centre, the department of planning & coordination has urged all administrative departments to submit their respective reports for compilation of the 12th Plan, listing their priorities and thrust areas, by May 31. “We will be submitting the 12th...
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