The Orissa government has failed to keep its commitment for renewal of the revised MoU with Posco-India Ltd for setting up 12-million ton steel plant near Paradip by July end as the South Korean company has not agreed to certain conditions in the revised MoU. Even as the tenure of the previous MoU expired on June 21, 2010, the state government had gone on acquiring land for the proposed steel...

-AFP   Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...

-The Economic Times   Govt. to set up National Environment Appraisal and Monitoring Authority for Environmental clearance of projects Prime MinisterManmohan Singh hit the nail on the head when he declared that the Environment cannot be protected by perpetuating poverty. But the regulatory framework forEnvironmental clearance of development projects needs urgent streamlining and reform . Dr Singh added that the Centre would soon set up an independent regulatory body, the National Environment...

-The Hindustan Times   After farmers, the Central government is looking for a higher compensation regime for forestland acquired from tribals and forest dwellers for various projects. The move comes after the rural development ministry issued a draft land acquisition bill providing for market-linked compensation to farmers and the demand by tribal groups for a national policy on the rehabilitation of tribals displaced by large-scale mining across India to end lop-sided growth....

The newly-appointed Minister for Tribal AffairsKishore Chandra Deo, in an interview to ET, outlines the government's new strategy that focuses on prioritising addressing rights of tribals and forest dwellers as the pre-condition to development in remote and combating Left-wing extremism. Excerpts: There have been problems with the implementation of the Forest Rights Act, a landmark legislation of the UPA-I government. The problems have been to a great extent on account...