The CAG indicts Uttarakhand for pursuing hydel power projects indiscriminately without concern for the environment. IN a severe indictment of the Uttarakhand government, the Comptroller and Auditor General (CAG) of India said it was pushing the State towards a major environmental catastrophe by following a highly ambitious hydropower policy. In a report titled “Performance Audit of Hydropower Development Through Private Sector Participation”, which was released recently, the CAG substantiates the allegations...
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Whither Copenhagen promise of funding developing countries? by R Ramachandran
Developed countries at the 15th Conference had committed themselves to providing around $30 billion for 2010-12 The fund is for supporting developing countries' climate efforts No clarity on how donors will channel the fast-start funds Developed countries are failing to meet the funding pledges that they made at the Climate Summit in Copenhagen last December to support developing countries' climate efforts. At the 15th Conference of the Parties (COP-15) in Copenhagen, developed countries...
More »In Rajasthan, MNREGS workers score a victory by Sunny Sebastian
After 47 days of their sit-in, government agrees to pay prevailing minimum wage From a black Diwali to a colourful Id! For hundreds of labourers who sat on dharna from October 2 near the Statue Circle here to press their demand for minimum wages under the MNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme), it was celebration time on Wednesday. After 47 days of sit-in protest, which was preceded by a...
More »Obama Visit and Indian Agriculture: Profit Surge for American MNCs and Peril for Indian Farmers! by Vijoo Krishnan
A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...
More »India’s micro vision by Samar Halarnkar
Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microFinance, the business of providing the poor with loans, as small as R5,000, secured not with...
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