Asserting there were “sensitive” environmental issues in the way of the Navi Mumbai airport project, Union Environment and Forests Minister Jairam Ramesh on Tuesday met Civil Aviation Minister Praful Patel and the two reached a compromise, signalling that the new international airport may finally clear all hurdles by next month. “We have made good progress on a number of issues. The Expert Appraisal Committee (EAC) of the Environment and Forests Ministry...

It is imperative that the committee constituted to look into charges of corruption in the Commonwealth Games should also include violations of labour laws within its purview. One of the more blatant and visible scams of the recently concluded Commonwealth Games relates to how the thousands of workers who worked on the games construction sites were denied minimum wages, safety equipment, housing and other benefits constitutionally due to them. In an interview...

Vedanta, Posco and Sindhudurg. The issue is the same — the need for a well-thought-out policy relating to extractive and resource-based industry. The government’s withdrawal of mining permission to Vedanta on the Niyamgiri hills in Orissa’s backward Kalahandi district; the divided verdict by the Gupta Committee on the Posco iron ore project; and the environment ministry’s concern on 49 mining licences issued by the Maharashtra government for bauxite and iron...

Getting rural India to register for Aadhaar, the unique identification number scheme, is going to be a rewarding experience for banks. Leveraging on the government’s financial inclusion agenda, the Unique Identification Authority of India (UIDAI) has decided to pay Rs 50 per enrolment to banks and Life Insurance Corporation of India, which are acting as its registrars, for signing up residents till March 2011. Besides, any person who is below...

Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...