Word: vedanta
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...following its own Hollywood film script, Survival International fingers a villain: a London-based mining company called Vedanta Resources that is controlled by billionaire businessman Anil Agarwal. Vedanta's aluminum subsidiary plans to invest $2.5 billion to extract some 78 million tons of bauxite from the Niyamgiri mountain. Its chief operating officer, Mukesh Kumar, insists that the mine will benefit the Dongria - the company will set aside 5% of the mine's pretax profits for a local development agency - and that it has followed all the relevant Indian laws. "Whatever we do, we do in a transparent manner," he says...
...meantime, Vedanta has built an aluminum refinery just north of Niyamgiri mountain. It is using bauxite trucked in from other sites until the Niyamgiri mine is available, and was built on land that was relatively uninhabited. "When you talk of a rehabilitation package, it means only for the plant-affected people - about 100 or so families who have been displaced," says Pramodini Pradhan of the Orissa chapter of the People's Union for Civil Liberties, a group based in New Delhi. Activists say, however, that the refinery has adversely affected nearby land and water. But because people on that land...
...suitors coming, it will have to do more to reform its business climate and address foreign companies' concerns on everything from corruption to its tangled bureaucracy to widespread environmental, child labor and health issues. Earlier this month, a Norwegian sovereign fund withdrew investments from Indian-owned mining firm Vedanta Resources over its environmental practices in India. And big-box European chains like Carrefour are frustrated over the slow pace of reform in India's retail sector, where complete foreign ownership of multi-brand retail outlets is still not allowed. Partly to tackle such issues, Europe is helping to fund bilateral...
...book, The Fall of the Human Intellect, one of 10 he has written over the decades ("Every word, between 4 and 6 in the morning," he later explains. "After 6, it's not worth reading.") He invites the audience to come to a YPO retreat in January at his Vedanta Academy, 67 miles (108 km) southeast of Mumbai...
...yoga. "A year ago, if you said I'd go a week without eating meat, I would have said you are crazy." But after six days with Swamiji, Moon is not only "about 90%" vegetarian; he's also a man transformed. He now rises early every morning to study Vedanta. "I've not missed a single day," he says in amazement. At the end of each evening, he spends 10 or 15 minutes reflecting on his day--"like doing a superfast advance through a dvd," he explains. "To be diligent and focused like this, I can't even tell...