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Jayanthi takes on FM,assails NIB’s proposal |
New Delhi: Environment Minister Jayanthi
Natarajan has written a letter to Prime Minister Manmohan Singh opposing
any move to bypass required green clearances for mega project approvals
by the proposed National Investment Board (NIB) mooted by Finance
Minister P Chidambaram.
The proposed NIB is envisaged to act as a
final body for clearing big investment proposals after which no
ministry will have power to raise objections.
Natarajan in her
letter has said the manner in which changes have been sought on the
issue of granting project approvals was disturbing and she wondered why
NIB should step in when decisions like green clearances have to be given
by her ministry.
Natarajan's opposition came even as a Cabinet Note on the planned NIB was circulated to the ministries.
The
Minister also said the NIB has no constitutional authority and that the
proposal will decimate the role of the Environment ministry.
Concerned
over delay in implementation of mega infrastructure projects,
Chidambaram had recently proposed a Prime Minister-headed NIB to accord
speedy clearance to big ticket projects.
The Indian industry as
well as several union ministries have repeatedly complained that
environmental laws and clearances are becoming an impediment in
country’s growth story.
Chidambaram said last Thursday that a proposal to constitute a NIB is likely to be taken by the Cabinet at its next meeting.
"(Cabinet)
Note has been circulated to the ministries. We have given them a week
to give their comments and it was indicated to me that it would probably
come up in the next meeting of the Cabinet," he had said.
Several large projects involving investments of Rs 1.5 lakh crore are being held up because of delay in statutory clearances.
At
the meeting of full Planning Commission last month, Chidambaram had
proposed that the NIB's authority should extend to proposals/projects
where the investment is above a certain threshold.
Earlier in
June, Prime Minister Manmohan Singh had approved setting up of an
investment tracking system to ensure speedy implementation of mega
projects envisaging outlay of over Rs 1,000 crore.
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