Prime Minister Manmohan Singh will reassure South Korea President Lee Myung-bak that India will address all issues related to Pohang Steel Company’s (Posco’s) proposed $12-billion steel project in Orissa in a “constructive manner.” Posco India, which first announced the setting up of the massive plant five years ago, is facing environment roadblocks. Lee is likely to take up Posco’s case with Singh tomorrow. The two leaders, who are here for the East...
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Orissa denies violation of FRA and CRZ norms at Posco site
The Orissa government has filed its response to the Ministry of Envionment and Forest (MoEF) regarding Meena Gupta committee’s reports on Posco project, denying all allegations about violations of Forest Rights Act (FRA) and Coastal Regulatory Zone (CRZ) at the project site. The state government has reiterated its earlier stand that there are no tribals at the Posco project site and palli sabhas had been conducted as per established procedures and...
More »Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan
Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans. Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao – all on the boards of the Indian central bank – and RBI deputy governor K.C. Chakrabarty are the members of the panel. The committee, which will...
More »The narcissism of the neurotic by P Sainath
The Commonwealth Games were no showcase, but a mirror of India 2010. If they presented anything, it was this — Indian crony, casino capitalism at its most vigorous. The Commonwealth Games over, we can now return to those of everyday Indian life. For all the protests, though, there was nothing in the corruption that marked the Games that does not permeate every town and city, all the time. Just that, in...
More »Information commissioners want transparent selection process
Five years after Right to Information (RTI) Act came into existence, Information Commissioners feel that there should be more transparency in their appointments. A survey conducted by Parivartan , an NGO, among state and central Information Commissioners , the final appellate authorities for RTI Act grievances and complaints, has found that 66% of commissioners surveyed want a transparent selection process. The survey found that Information Commissioners had reservations about the...
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