-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
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Interim Budget 2014-15: Highlights
-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...
More »Veerappa Moily rolls back Jayanthi Natarajan's decision on clearance for linear projects -Vikas Dhoot
-The Economic Times NEW DELHI: Environment and forest minister Veerappa Moily on Wednesday rolled back a major hurdle in the forest clearance process for projects like roads, transmission lines and pipelines that pass through villages and forest land, reintroduced in July 2013 by his predecessor Jayanthi Natarajan. The environment ministry has clarified on January 15 that linear projects would be able to get a forest clearance without procuring the consent of all...
More »With Teesta, Veerappa Moily clears 65 projects in just two weeks
-The Financial Express Veerappa Moily says environment will be protected but won't be biased against industry. After Posco and Tawang, environment minister M Veerappa Moily has cleared the state-owned NHPC's 520 MW Teesta-IV hydro-electric project in Sikkim, thus having approved three big projects in three days, which were stuck despite having clearances from all other statutory and related bodies. Veerappa Moily, who approved the Teesta project on January 9, said at the Express...
More »38% large projects face green roadblocks -Sidhartha
-The Times of India NEW DELHI: Almost two out of every five large projects in the country are held up due to absence of clearance by the ministry of environment and forests, putting pressure on the government to remove green roadblocks. According to ministry-wise data compiled by the government for projects worth over Rs 1,000 crore, nearly 38% are related to MoEF, which many view as the most powerful inspector, followed by...
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