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EIA Draft 2020: An overview

Cover EIA Draft

The EIA 2020 draft notification was published by the Ministry of Environment, Forest and Climate Change (MoEF&CC), intending to replace the existing Environmental Impact Assessment Notification, 2006 under the Environment (Protection) Act, 1986. Ever since it was published, the draft was subjected to criticism and debate over its departure from existing regulations. Here is an overview.

What is EIA?

Environmental Impact Assessment (EIA) is a decision-making tool based on the study of the effects and impact of a particular proposed project on the environment. The EIA compares various alternatives available for a project, to identify the best option in terms of both financial and environmental costs, while ensuring they meet the desired objectives of the project.

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Top 5 LinkedIn posts from June 2020

Looking back at the top 5 posts from the month of June 2020. All these posts were originally published in LinkedIn as part of the daily content I have been posting.

1. L&T’s commitment to Self-Reliant India

L&T affirms its commitment to Self-Reliant Indian Industry

Indian construction giant and conglomerate Larsen & Toubro reaffirmed its commitment to building a strong and feasible “Make In India” ecosystem.

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Negative oil price: What it means for you and me.

Negative Oil Price

On Monday, 20th April 2020, something very weird happened. For the first time in history, US oil price nose dived into negative territory. Of all the unprecedented news coming from capital markets, bond markets, central banks, economic outlooks, due to the Corona virus, this one has to be the craziest (yet?)

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Union Budget Analysis: A personal take

It’s been around a week since the honourable Finance Minister Smt. Nirmala Sitharaman presented her 2nd full Union Budget of India. The Union Budget comes at a time when the nation is under the grip of a severe economic slowdown with the GDP growth rates at 4.5% for Q2 2019-20. With the growth rate lowest in over 6 years and falling continuously for 7 quarters now on the back of declining demand, expectations were definitely high for some much needed corrective measures to bring the economy back on track.

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Why the National Infrastructure Pipeline matters

NIP

A couple of days back the central finance minister announced the National Infrastructure Pipeline (NIP), a 102 lakh crore plan as to how the government aims to invest in the infrastructure sector over the next five years. In what appears to be the most ambitious plan yet by the current government to achieve the $5 trillion economy by 2025, the report details the infrastructure goals, strategies and the quantum of funds allocated to various sectors.

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