-Hindustan Times The Union environment ministry has come out with a consultation paper on amending the Forest Conservation Act 1980 to bring significant changes to forest governance in India including facilitating private plantations for harvesting and exploration or extraction of oil and natural gas deep beneath forest land by drilling holes from outside the forest areas. Here are the highlights of the environment ministry’s proposal: Forests on private land Until December 1996, provisions of...
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Core’s contraction: On slowing economy
-The Hindu As output and demand slow, India must retain twin focus on the pandemic and economy Output in the eight core industries suffered an overall contraction for a third straight month in May, shrinking 23.4%, as the pandemic-induced lockdown kept large parts of the economy shuttered, the Commerce Ministry’s provisional figures show. Of the eight, all but one posted declines in production compared with a year earlier, with six sectors witnessing...
More »The oil & rupee problem -Kirit Parikh
-The Indian Express A balanced approach can reduce petrol price without affecting revenues. RBI mustn’t artificially shore up rupee The Brent crude oil price has changed from around $68/barrel in January to $70/barrel on November 9, touching a high of $86 on October 3. The rupee has also fallen from Rs 63.30 per US$ in January to Rs 70 on November 9. These fluctuations have created major policy problems for the...
More »One year and counting: anti-ONGC stir continues at Kadiramangalam -L Renganathan
-The Hindu Villagers resolve to continue fight against oil major; fringe groups criticise Centre KUMBAKONAM (Tamil Nadu): Residents of Kadiramangalam village in Thanjavur district, where a sit-in protest entered its 365th day on Saturday, have renewed their resolve to oust the Oil and Natural Gas Corporation (ONGC) from the village to protect the environment and their livelihood. A section of the villagers has been holding a relay sit-in protest at the Ayyanar temple...
More »Lack of Clarity and Vision in New Mines and Minerals Act -EAS Sarma
-Economic and Political Weekly Much has been claimed on behalf of the Mines and Minerals (Development and Regulation) Amendment Act that has been enacted by Parliament, but the legislation has introduced a watered-down version of auctions, has many exceptions to legalise the old first-cum-firstserve approach, and ignores previous Supreme Court rulings on measures to ensure sustainable development. E A S Sarma (eassarma@gmail.com) is a former Union Power Secretary. With a brute majority in...
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