As bank gears up for competition, it may further dilute Environmental safeguard policies WITH financial institutions of emerging economies like India and China getting big time into development lending, the World Bank plans reforms to attract its borrowing countries. Some of the important plans are to disburse loans faster and on flexible terms. Bank watchers and civil society groups say the reforms, expected to be in force by the year-end, would...

A senior central forest officer today sealed his report after visiting Dalma for a final word from Union forest and Environment minister Jairam Ramesh on declaring the elephant sanctuary and its adjoining areas an eco-sensitive zone, a proposed tag that Tata Steel has objected to. Inspector-general(wildlife) of the Union ministry of forest A.K. Srivastava was sent to Jharkhand after Tata Steel sent a letter to Ramesh on June 24 raising concerns...

-The Hindu   Study finds higher levels of lead in Nepal, Bangladesh Indian paint majors are showing their true colours in neighbouring markets, by including dangerously high levels of lead in their products, according to a study conducted by some non-governmental organisations in India, Nepal and Bangladesh. For example, Asian Paints' Golden Yellow shade of paint contains only 90 ppm (parts per million) of lead in India, meeting international standards. In Nepal, it...

Civil society groups have opposed a government proposal to rid its flagship rural jobs guarantee programme of malpractices, saying the plan is "hazy and lacks clear direction". The opposition to the proposal, which seeks social and financial audits of schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), comes at a time when the government is facing the heat of a campaign led by social activist Anna Hazare over...

The man in the hot seat, the Comptroller and Auditor General (CAG) of India says he’s never faced political pressure on any audit. The man in the hot seat, the Comptroller and Auditor General (CAG) of India, Vinod Rai, says he’s never faced political pressure on any audit. On the 2G scam, he says his report clearly says the “amount of loss can be debated”. And it was the petroleum...