Carbon Copy A freshly passed amendment to the Forest Conservation Act has created a stir among ecologists, parliamentarians and stakeholders. With several contentious provisions, the amendment reveals an afforestation push where rights and justice take a backseat to commercial interests. This week, amidst a raucous monsoon session, the Indian Parliament saw the passage of several consequential pieces of legislation in quick succession. Among them was the contentious amendment to the Forest Conservation...
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Joshimath continues to sink as the government plows ahead with giant projects - Shruti Jain
Scroll.in Since making headlines in January, Joshimath town in Uttarakhand continues to sink while the massive development projects, which locals insist are causing the subsidence, also continue. New cracks are appearing in the houses and roads of Joshimath town, along with deep cavities in the fields. But people who are affected, wait for rehabilitation, with only a few having received meagre compensation, that too for their houses alone. The government has neither come...
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KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »Dr CP Rajendran, expert on seismo-tectonics, earthquakes and tsunami geology, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Joshimath is a serious warning signal. Any realistic development strategy should balance infra development, acceptable levels of risk, and carrying capacity of the terrai, says the noted expert on earthquakes. Dr. CP Rajendran is among India’s foremost experts on seismo-tectonics, earthquakes and tsunami geology. He is also a strong critic of the development model being pursued in Uttarakhand, a hilly state where the intensity of large-scale infrastructure projects has been rising...
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