Environment Current Affairs 2017

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“National Investment Board” renamed as “Cabinet Committee on Investment”, also changes made in it’s powers

The Union Cabinet approved a renamed and modified version of the original proposal, creating a new Cabinet Committee on Investment (CCI) to fast-track decisions on infrastructure and manufacturing projects over Rs. 1,000 crore.

This was done primarily to address the Environment Ministry’s objections to a National Investment Board (NIB) which could assume some of its authority.

  • In the new version, CCI’s primary role will be to urge nodal ministries to fast-track clearances.

Cabinet Committee on Investment (CCI)

  • It will be headed by Prime Minister Manmohan Singh and include administrative Ministries as members.
  • It will set time limits for decisions on approvals and clearances and will then monitor the process to ensure that those deadlines are met.
  • It will be able to review cases which face delays, and facilitate the removal of hindrances in the process.
  • In the new version, CCI’s primary role will be to urge nodal ministries to fast-track clearances.

What were the objections with NIB?

  • The controversy was created when NIB was proposed to have powers to make possible interventions and even “take decision regarding specific approval/clearance for an unduly delayed project, if deemed necessary” on behalf of the concerned ministry in case of failure its failure in decision making in stipulated time frame.
  • The idea was strongly opposed by the Environment Ministry.

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Kyoto Protocol extended till 2020: Doha Climate Conference

Kyoto Protocol which was signed in image1997 to oblige industrialized nations to reduce emission of greenhouse gases to fight global warming has been extended till 2020. The protocol was due to expire at the end of 2012. It was decided in the 18th session of the CoP (Conference of the Parties) to the United Nation Framework Convention on Climate change (UNFCCC) and the 8th session of the CoP serving as the Meeting of the Parties to the Kyoto Protocol held in Doha, Qatar. Around 200 countries participated in the talks.

Highlights of the Conference:

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India, Pak talk towards resolution of Sir Creek Issue

India and Pakistan recently concluded a meeting withimage an aim to resolve Sir Creek dispute. Besides, issues on Siachen and Kashmir are other territorial troubles b/w the two nations were also discussed.

Image Source: http://news.bbc.co.uk

Both countries agreed on certain issues including:

  • De-linking maritime boundaries from land.
  • Marking from seaward to the point where both these sides agree.
  • Declaring non-defined area (Sir Creek and the approaches) as free zone or the maritime sensitive zone, or turn the area into the a jointly administered maritime park.

Sir Creek Issue

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