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Posco, biggest FDI, gets green flag after 8 long yrs

-The Indian Express The environment ministry under Veerappa Moily has approved the $ 12.6 billion Posco steel plant in Orissa, the biggest foreign direct investment in India. The proposed 12 million-tonnes-per-year plant has been stuck for more than eight years due to delays in getting clearances and acquiring land. Top sources confirmed to The Indian Express that the steel plant got the green signal after it was delinked from the port project. It...

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India's MDG Score Card: Glass Half Full or Half Empty?

In its latest report, the Statistical Year Book, India 2014 conveys that India is clearly on track to attain the MDG-2 (achieve universal primary education) and MDG-8 (develop a global partnership for development). However, the results are either mixed or poor in terms of India's performance in achieving the rest of the Millennium Development Goals (MDGs). The chart below provides the MDG scenario from a bird's eye view.   The new...

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New law replaces Land Acquisition Act 1894

-The Free Press Journal Forced evictions to become history after 120 years New Delhi: The New Year ushered a new law replacing the 120-year old Land Acquisition Act 1894, ending to the government's powers of forcible acquiescing and assuring appropriate compensation to farmers with transparency. The Rural Development Ministry on Wednesday notified the rules framed under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act to bring...

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Changes to be made to 13 laws for Land Acquisition

-DNA Union minister for rural development Jairam Ramesh said on Wednesday that within one year amendments will be made to 13 central government laws for the effective implementation of new Land Acquisition law which came into effect from January 1. "From now onwards no land will be acquired or purchased on the basis of 1894 Act in which government was the sole decider and farmer did not have any say," said Jairam...

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Land law comes into force, now pay more for a house -Saubhadra Chatterji

-The Hindustan Times Many ongoing projects including housing and industries will brace for an escalation in costs as the new land law has come into force on Wednesday. The much-touted Right to Fair Compensation and Transparency in Rehabilitation and Resettlement law-that provides four times hike in rural land price-will apply to all projects where compensations are yet to be given for Land Acquisition. Industries like the housing or hotels will be forced to...

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