1

ANNOTED BIBLIOGRAPHY: 01

Research Paper Name: ENVIRONMENTAL CLEARANCE: DAUNTING CHALLENGE &

MYSTIFYING SIGNAL TO STAKEHOLDERS OF INDIA
Author: Dr. Ashwin G. Modi, Mr. Jay Trivedi
Article: Published in SSRN Electronic Journal: December 2012
Source: Research Gate

 Nations all over the world & India has given utmost importance for protecting, nurturing,
preserving and saving the environment.
 For business, environmental clearance presents both daunting challenges and stimulating
opportunities.
 One challenge is the threat to physical infrastructure, while another is regulatory
uncertainty.
 Environmental Clearance is an ongoing process and has no importance from the
shareholders of the company.
 Hence, there should be no significant effect on the value of the firm & its stock prices
after the clearance announcement.
 However, there is a greater importance and challenge for a management of an existing
company to have environmental clearance for any new project because of huge investment in
physical infrastructure prior to clearance.
 Hence, after the environmental clearance, management of company expects to have favorable
reaction to its stock prices.
 The contradiction between shareholders belief and company expectation, which expects no
change in stock prices consequent to environmental clearance, and the reality, with company
expectation of significant market reaction, motivates the present study.
 The market response & reaction to announcement of environmental clearance is investigated
with the dataset from an emerging country – India for 29 companies.
 Protection of the environment remains to be a central part of any sustainable inclusive growth
strategy.
 But it has been observed from the empirical that an accelerated growth of economy is not
possible if the environmental clearance is getting delayed. It also looses the charm and greater
impact on stock prices. Even after making huge investment in physical infrastructure and with
the cost and time of investment, the project expects instant green signal for environment
clearance from ministry of environment and forest.
 A comprehensive review of environmental clearance procedure is necessary to ensure that the
system is transparent and avoids unnecessary delay.
 Unless this is done, the large increases in investment required for accelerated growth will not
fructify
 Paper has identified the challenges of environmental clearance from the Ministry of
Environment & Forest, and examined to what extentan announcement has an impact to
the companies’ share price under efficient market hypothesis.
 The findings may have immense implications for the market regulators in protecting the
interest of company & investors for trading strategies.
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ANNOTED BIBLIOGRAPHY : 02

Research Paper Name: ENVIRONMENTAL CLEARANCE FOR HIGH RISE

BUILDINGS
Author : Sonal Chamargore
Article : International Journal of Scientific & Engineering Research Volume 11, Issue 7,
July-2020 ISSN 2229-5518
Page No : 1292

 Rapid Industrialization and population explosion in India has led to the migration of
people from villages to city which increases human settlement in India’s growing
cities and town.
 This generates several issues concerning the environment.
 Environmental Impact Assessment (EIA) is becoming a very vital study before the
commissioning of any project, plan, or development in addressing the environmental
issues in our country.
 EIA is considered the starting point in the process of implementing sustainable
development agendas.
 Undertaking EC for the construction industry and improving site management can
reduce environmental impacts both on and offsite.
 In this paper, the EC study is undertaken with an aim to prepare a detailed account of
the environmental impact necessary for providing an anticipatory and preventive
mechanism for environmental management of the proposed activity so that
appropriate interventions could be taken.
 An attempt is be made in this to study EC of high rise building construction
projects using Checklist Analysis Methodology.
 The study also focus on various parameters such as total area, parking area, rain-
water harvesting system, basement area, sewage treatment, water management,
nearest sensitive zones, and other factors.
 At last, analyse and demonstrate the application of a site project in Hadapsar as an
example.
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ANNOTED BIBLIOGRAPHY : 03

Research Paper Name: ENVIRONMENTAL CLEARANCE OF STATUE OF UNITY

PROJECT OF GUJRAT – A CASE STUDY
Author : Dr. K. N. Sheth
Conference Paper : 2014
Page No : 1292

 Environmental law refers to rules and regulations governing human conduct likely to
affect the environment.
 It reflects the legislative measures, and the administrative and judicial structures to
protect the environment.
 However, it is difficult to define precisely the boundaries of environmental law in the
same way as we define, say the law of contract.
 The statue of Unity Project was first announced on 7th October, 2010 is a monument
of 182 meter of Sardar Vallabhbhai Patel facing Narmada Dam, 3.2 km away on the
river island Sadhu bet of Narmada river near Bharuch in Gujarat is facing trouble
 Around 50 environmentalists from across the country have written to the Union
Environment Ministry that Chief Minister project, Statue of Unity, downstream of
Sardar Sarovar Dam and Shoolpaneshar Sanctuary, has commenced working without
environment approval.
 This paper investigates the environmental issues associated with this mega project as
no public consultation has been conducted as regards environmental Impact
assessment Environmental Impact Assessment Notification 2006 is a major tool to
regulate rapid industrial development of the country for minimizing the adverse
impact on environment and reversing the trends which may lead to climate change in
long run.
 State government has no right to violate the EIA Notification.
 Further in this paper the rules those are been violated by the Authority has been
explained.
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ANNOTED BIBLIOGRAPHY : 04

Research Paper Name: CRITICAL APPRAISAL OF ENVIRONMENTAL IMPACT

ASSESSMENT NOTIFICATION, 2006 IN INDIA
Author : Biswajit Paul ,Associate Professor Environmental Science & Engineering Centre
of Mining Environment
Published : 25th National Convention of Mining Engineers & POSTALE 2013

 India is a developing country. So on the way of development many projects are being set up
in the country. These development projects create a negative impact on Environment.
 So to visualize the impact of a development project on the Environment, a scientific
assessment should be done. This assessment is termed as Environmental Impact Assessment
(EIA).
 In a nut shell EIA is just an information gathering exercise carried out by the developer and
other bodies which enables a Local Planning Authority to understand the environmental
effects of a development before deciding whether or not it should go ahead.
 In January,1970, United States forms a United States Environmental law, National
Environmental Policy Act (NEPA) that establish a UN Policy, promoting the enhancement
of Environment after the Santa Barbara Oil Spill,1969.
 It establish three important features to combat Environmental Problems.
 Among this development of Environmental Impact Assessment (EIA) was an important
hallmark towards a new phase of development, which spread throughout the world.
 But after Bhopal Gas Disaster, 1984, EIA was notified in the Environment (Protection)
Act, 1986.
 EIA 1994 was amended in 2006 and was published in the Gazette of India, Extraordinary,
Part-II, and Section 3, Sub-section (ii) ,Ministry of Environment and Forests ,New Delhi 14th
September, 2006 as draft EIA,2006 due to few loopholes in the former notification of EIA
1994.
 In the paper the 4 Case Studies are been studied .The cases mentioed in previous sections
reflect the requirement of improvement of EIA procedures.
 The government has already issued several modifications and clarifications of the EIA
notification, 2006 revels proactiveness on the part of the central regulatory authority.
 Appraisal of the present notification is required for the proper safeguard of the
environment and look into sustainable development of environment.
 The main focus of EIA should be on the protection of environment including the growth of
the country.
 Improved technology should be implemented for the transparency of the data on the basis of
which EC is granted and the process should be handled by the technical personnel for the
proper verification of the different aspect of environment to prevent degradation of
environment.
 Public should be involved in different steps as mentioned to make the process even better.
Proactive actions should be taken for prevention of environmental degradation and better
environmental awareness and responsibilities for safeguarding the environment.
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ANNOTED BIBLIOGRAPHY : 05

Research Paper Name: BUILDING REGULATION AFTER INDEPENDENCE (1961) -

ENVIRONMENT PROTECTION AND SUSTAINABLE DEVELOPMENT, GOA

Author : Ar. Gautam Desai , Chaiman Environmental Clearance Committee , Goa.Associate

Published : Aspire 2021 Magazine Volume 02, ISBN:(978-93-5437-649-8)

 The Government of India along with state governments has formulated environmental
assessment laws for construction activity over 20000 sq. mts.
 A lot of projects considered the said restrictions and build in smaller modules.
 Also, the smaller constructions which do not fall into this category produce an ample
amount of pollution.
 Hence this paper tries to look into this category and formulate guidelines and policies
to generate a better non-polluting society.
 The main aim of this paper is to focus on building construction activity and its
consequences on environment in the last few decades, especially those small
constructions (below 20000 Sq.m.), which escape the guidelines of the environmental
assessment.
 The objective is to formulate guidelines and policies for such activity for environment
protection.
 The study is to be limited to the construction sector of buildings (residential &
Commercial) within Goa, with a built-up area of less than 20000 Sq. M. (those
buildings / plot which are not qualified for environmental assessment by the Central
Law).