Steel giant Posco’s proposal for the largest foreign direct investment in India has failed to pass environment muster with a central panel picking flaws in the process to settle forest rights and approve the shortlisted site in Orissa. Three members of the four-person committee have recommended that the Union forest and environment ministry scrap its approvals while the remaining nominee has suggested that the exercise be carried out afresh. The panel’s recommendations...

The fate of South Korean steel giant Posco’s project in Orissa will be decided by early November. The decision will be taken before Prime Minister Manmohan Singh travels to Seoul for the G-20 meet in the second week of November. The environment ministry-appointed committee headed by former environment secretary Meena Gupta will submit its report on October 18. Sources said that there are indications that the panel will not be submitting...

A decision on South Korean steel major Posco’s project in Orissa is likely to be taken soon after the environment ministry appointed committee submits its report on October 11. Work on Posco’s Rs 54,0000-crore project in Jagatsinghpur was suspended following a stop-work order by the environment ministry in August. "The panel has almost finalised its report and will submit it to the ministry on October 11. It will be then discussed by...

KEY TRENDS   • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...

The recent one-day strike by the fishermen community in some coastal states and the demonstration staged near the Parliament House in Delhi are a measure of how incensed the community is over the proposed new Central legislation to regulate marine fisheries in the Indian Exclusive Economic Zone (EEZ). The Marine Fisheries (Regulation and Management) Bill, 2009, the draft of which has been circulated to states prior to its introduction in...