Jharkhand okays rehab policy
THE Jharkhand cabinet on late Wednesday cleared the much-awaited rehabilitation & resettlement (R&R) policy. This paves the way for kicking off a spate of mega steel and power ventures that have been hanging fire for years. A significant feature of the R&R policy is that the investors will have to distribute 1% of the annual net profit of the project among affected families every year. Also, the requiring body (read: investor) will have to spend 1% of their annual net profit for community development.