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Forest advisory body allows mining in Jharkhand elephant reserve-Anubhuti Vishnoi

-The Indian Express The Forest Advisory Committee (FAC) has recommended diverting over 500 hectares of forest land for an iron ore mining project in the Saranda forest division of Jharkhand, part of the core area of the Singhbhum Elephant Reserve, India's first reserve for elephants. The FAC is a statutory body that advises the environment ministry on diverting forest land. Its recommendations are not binding. The Singhbhum reserve, created in 2001, is spread...

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Tribals attack private company staff

-The Times of India KORAPUT: Tribals protesting against bauxite mining in their area reportedly attacked a senior official of a private company and damaged his vehicle at Lakharsi village in Rayagada district on Wednesday. Tension erupted when the official of Hindalco, which has been granted mining lease at Lakharsi bauxite plateau, reached the village for a survey work around 3 pm. "The villagers have been opposing mining in the area fearing loss...

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New markers to label forest areas ‘inviolate’

-The Indian Express A committee set up by the Ministry of Environment and Forests has suggested new parameters to declare pristine forested areas as ‘inviolate’ and thus out of bounds for mining or other harmful non-forest activities. The panel, headed by former environment secretary T Chatterjee, has recommended that national parks and wildlife sanctuaries; areas within a kilometre of protected areas; compact patches of very dense forests; last remnants of forest types...

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Black money could account for 10% of GDP: Study -Pradeep Thakur

-The Times of India A study commissioned by the government last year on quantifying black money generated in the country has estimated that the illicit wealth is likely to exceed 10% of GDP or anywhere above Rs 10 lakh crore, given the size of the economy. The 1,000-page report was submitted to the finance ministry by the National Institute of Public Finance and Policy (NIPFP) in the last week of December. The...

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Prof. Jagdish Bhagwati, noted Economist and and Columbia University professor interviewed by Shaili Chopra

-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...

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