The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
KENDRAPADA: More than 250 international human rights organizations, comprising social workers, scientists, legal luminary activists, academics among others, have strongly criticized the Odisha government for using forces to acquire fertile lands and betel vines in the proposed Posco site in Jagatsinghpur district. They also wrote a letter to Prime Minister …
Paradip: Legally speaking, the state government cannot acquire lands for the Posco project, nor can construction work be started at the designated site as the project has no environment clearance in hand, official sources said. "The Environment Impact Assessment (EIA) notification, 2006, forbids activity of any nature at the site …
Bowing down to pressure from various Opposition political parties and civil society organisations, the Orissa government on Wednesday put off the land acquisition process for the 12-million-tonne Posco India integrated steel project at Paradip in Jagatsinghpur district. The government also withdrew the 14 platoons of police forces it deployed at …
The first phase of Posco’s $12-billion Orissa project — India’s single-largest foreign direct investment — could start churning out steel by 2018, three persons with direct knowledge of the development told FE. The Orissa government resumed land acquisition for the project on Sunday, which continued on Monday as well. With …
Policy could end land acquisition and green nod problems, and encourage foreign investors The new steel policy, likely to be announced in a month, is expected to iron out issues related to foreign direct investments, land acquisitions and environment clearances. The draft of the new policy, seen as a stimulus …
BHUBANESWAR: Widespread resentment is growing against the state government for suddenly sending armed police forces to suppress agitating villagers and acquire their lands for the Posco project which has been entangled in a host of litigations. The government renewed the process of land acquisition for the South Korean steel giant …
Asian Development Bank (ADB) today cautioned that worsening global financial situation will have severe consequences for emerging economies like India and China. "This global slump (in US, Euro area and Japan) will have a serious slump on the region's major economies, particularly on India and China" ADB President Haruhiko Kuroda …
Agra: The government on Monday said it will review South Korean steel firm Posco's R 52,000-crore project, which has been stuck for long over land acquisition and other regulatory issues. The assurance was given by commerce and industry minister Anand Sharma to a visiting South Korean delegation at the ongoing …
A day after the Supreme Court sought the government’s response on the safeguards in place to protect small traders from the arrival of FDI in multi-brand retail, Commerce and Industry Minister Anand Sharma Wednesday said that “all institutions should respect the constitutional demarcation between the executive, legislation and judiciary”. The …
Is FDI in retail a "political gimmick"?, the Supreme Court today asked the Government while seeking its response on how it intends to safeguard the interest of small traders after opening up the retail sector to foreign direct investments (FDI). The apex court said that interest of small traders should …
The National Fishermen Forum (NFF) on Sunday decided to observe Monday as the National Day of Protest against the commissioning of Kudankulam Nuclear Power Project. A resolution adopted at the general body of the forum said that the commissioning of the project would ruin the livelihood of hundreds of fishermen …
Questioning the thesis that foreign direct investment in retail will have a favourable effect on the fl edgling class of dalit entrepreneurs in India because processes of capitalist modernisation automatically undermine the significance of social identities like caste, creed and race, this article argues that only a minuscule section of …
Says Proposals On Services, IT & Environmental Goods Against Its Interest New Delhi: India has decided to opt out of negotiations for agreements between select WTO member countries for liberalizing foreign direct investment and visa regimes in service sectors and for lowering import duty on 357 information technology products and …
India will push for increased access of energy companies in Bhutan during the forthcoming visit of the external affairs minister to Bhutan next week. The move is aimed at countering China that of late has increased its presence in the neighbouring country. Several Indian companies are already present in Bhutan …
Amid a debate on green shoots of economic recovery, India Inc’s confidence refused to perk the third quarter of 2012-13. It was unimpressed by the much-hyped foreign direct investment (FDI) reforms and remained concerned about political and economic instability, shows a survey by the Confederation of Indian Industry (CII). The …
The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be …
Bhubaneswar: Shedding its image of abject poverty, starvation and child selling, Odisha in recent years has embraced growth and prosperity by adopting certain fiscal corrective measures and attracting huge private capital, said speakers at the ‘Resurgent Odisha’ seminar organized by The Times of India in Bhubaneswar on Friday. CM Naveen …
Finance Minister P Chidambaram on Wednesday kicked off the customary pre-Budget consultations. In a meeting with the finance minister, agriculturalists shared concerns on the government’s widening fiscal deficit. They also suggested direct cash transfer of fertiliser and food subsidies, which they claimed would save the government Rs 70,000-85,000 crore directly. …
The economy is likely to witness a growth rate of 6.8 per cent in the next year driven by the reform push of the government, says a report. According to global research firm Dun & Bradstreet (D&B;), India's GDP is likely to register 5.5 per cent growth during 2012, much …
During the year, govt also contemplated to open up sector for commercial mining Coal fired a minefield of controversies in 2012, fuelled by CAG estimates of a huge Rs 1.86 lakh crore loss for allocation of coal blocks to business houses without auction which served as fodder to the Opposition …
