Disincentive for defaulters
Proposal to tax erring industrialists for CETPs in Delhi
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Unceremoniously dumped
Assam s evicted encroachers show legal proof of residence
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Private players in forestry
THE NEW FORESTERS . Sushil Saigal, Hema Arora and SS Rizvi . March . 2002 The new role of private enterprise in the Indian forestry sector, that's essentially what this book talks about. In the
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Timarpur waste management company in Delhi set to revive plant
Timarpur waste management company in Delhi set to revive plant
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Reliance SEZ in Haryana sanctioned
it's official. The Reliance special economic zone (sez) project in Haryana is on. On June 5, the Board of Approval of sezs, a government body, gave its nod to the sez, which is to come up in 565
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Deep despair
20,000 workers die in China s coal mines every year
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Nothing for local communities
Economic considerations override conservation priorities in India s biodiversity act
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Happiness happens
Bhutan redefines development
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Mangalore SEZ fate to be decided on Thursday
The state government has said the Centre has been satisfied with the outcome of the public hearing regarding the Mangalore special economic zone (MSEZ) and a final meeting on the crucial environmental management plan (EMP) of the project has been fixed for February 28. "If we get the approval after the Thursday's hearing, work can start on the project,' Karnataka Governor's advisor Krishna Kumar informed Deccan Herald. The meeting will be held by the technical committee of the Expert Committee for Infrastructure Development and Miscellaneous Project, set up by the Union Ministry of Environment and Forests. The farmers have been opposing the acquisition of land. They have urged the Government to reject the EIA (Environmental Impact Assessment) report on the project. According to the advisor, a total of 1,750 acre, out of the 2500 acre needed for the SEZ, has already been acquired. "The government has issued notification for 300 acre for acquisition. We are discussing the issue with the farmers,' he added. On the public hearing, Krishna Kumar said the Union ministry has prepared the report on the EIA of the project and circulated it to the gram panchayats. "The GPs wanted the copies in Kannada and we have translated and given these copies. The ministry has concluded that the public hearings were held as per law. The meetings were held in January and February. Now the technical committee will hear the EMP. If we get the approval after the meeting, we can start work on the project. We have come a long way in the last 2-3 months regarding this multi-product SEZ,' Kumar stated. Promoters The Rs 35,000 crore SEZ is being set up by the Oil and Natural Gas Corporation (ONGC) as anchor co-promoter using a special purpose vehicle owned by its subsidiary Mangalore Refinery and Petrochemicals Limited (MRPL), which will hold a 46 per cent stake. The other equity-holders are the Karnataka Government, Kanara Chamber of Commerce and Industry and Infrastructure Leasing and Financial Services Limited. ONGC would hold 26 per cent of the equity in the incorporated company. The State government would hold 23 per cent and the balance 51 per cent would be jointly owned by KCCI and IL&FS. The New Mangalore Port Trust (NMPT) is understood to have shown interest to join the SEZ, subject to approval from the Ministry of Shipping, Road and Transport. If NMPT joins, the combined equity of KIADB and NMPT would be 23 per cent. The MRPL has envisaged projects such as an LNG terminal, C2-C3 separation units and aromatic and olefin complexes in the petrochemical component of the SEZ. The SEZ will also include a refinery, a power plant, a gas terminal and a pipeline.
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Govt. to strive for growth with low inflation
Even as there were no easy ways of balancing high economic growth with low inflation, Finance Minister P. Chidambaram on Tuesday said the Government would strive to peg the overall growth rate at near nine per cent while containing the inflation rate at close to four per cent. In his post-Budget interaction with the Confederation of Indian Industry (CII) here, Mr. Chidambaram said: "The goal is to have a growth close to nine [per cent] and inflation close to four [per cent]. That is why we assume 13 per cent [nominal] GDP growth.' Pointing out that in this exercise, while the Government sometimes succeeded and also missed the target at other times, he said: "In a country where economy is growing close by over eight per cent, close to nine per cent, there is bound to be some inflation.' Inflation in India, he said, was caused by supply-demand mismatch between food items and the oligopolistic tendencies in some industries. Besides, the growth in money supply was yet another reason which, in a sense, was a reflection of the high growth the country was experiencing. However, to keep the India growth story intact, Mr. Chidambaram pointed to the numerous measures announced in the budget for 2008-09. "I think we have announced a number of measures that are intended to ensure that the growth story is intact... I am betting on your [corporates] growth. I am bullish on your growth. I hope you are as bullish as I am about the growth story,' he said. Projecting that India Inc. would provide Rs. 5,50,000 crore next year by way of taxes, excluding personal income-tax, Mr. Chidambaram noted that while steps had been taken to provide more money to the consumer for spending, the fiscal stimulus to the economy would come from the cuts in excise and customs duties and the Central Sales Tax. "Unless my friend Shubhashis Gangopadhyay [Adviser to Finance Minister] and other economists are hopelessly wrong about their economics, all these make up for the text-book prescription for higher growth,' he said. These measures together, including the across-the-board excise cut from 16 per cent to 14 per cent, were a powerful combination to keep the growth story intact. "I have taken the first step to signal the whole country, especially States, that I prepare to look forward in order to accommodate my financial interests with the final number [for goods and services tax], and you can prepare to accommodate your financial interests with the final number,' Mr Chidambaram said.
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DAE is yet to learn lessons from Fukushima
<p>I have read with interest the article “<a href="http://www.environmentportal.in/feature-article/kudankulam-meltdown">Kudankulam Meltdown</a>” by Latha Jishnu and others. Since it is based
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Kolkata
<div style="width:100%;"> Kolkata Municipal Corporation has an area of 185 km2 and the Kolkata Metropolitan Area is spread over 1,750 km2 with 15 million people. Pollution levels in Kolkata are high
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Mud housing is the key
Mud"s low cost and malleability makes it an ideal building material. But its use can be popularised only if such drawbacks as its susceptibility to moisture is overcome and misconceptions about mud housing are cleared.
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Knowledge without power
A us withdrawal of patent on the use of turmeric as a wound healing agent would do little to solve the greater problem of protecting traditional systems of knowledge
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Government sets limited role for proposed tribunal
The government's decision to set up a tribunal to decide compensation cases is being seen as an attempt to compromise the establishment of environment courts that would have much wider ambit.
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Statehood first, ecology later
Jharkhand"s leaders have successfully pressurised the Centre to consider granting autonomy to this region. But they have still not addressed themselves to local ecological problems
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Tapping commercial potential
SPIC is on the brink of launching two neem-based insecticides. Godrej"s Nimin reportedly improves the nitrogen-use efficiency of urea. ITC, too, has found neem effective in checking the tobacco caterpillar moth and has in view the tremendous market in the
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In search of East India Company
Ours is a corporate age. And amid the fertile arguments on how to tame and transform today's corporation, there is a sense that current era of business dominance is somehow unique. But there was a time when corporations really ruled the world, and among
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Stemming the root ?
While there are many who welcome the Supreme Court's ban on non forest activities within forests because of its obvious advantages for the northeast's fast disappearing forest lands, the order's implications for the region's economy have not been heart
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Wind power: up, up and down
Poorly implemented governmental policies are preventing the full exploitation of wind power which could supplement as much as 25 per cent of the country"s electric energy requirements