The document discusses environmental impact assessments (EIAs). It begins by defining an EIA as an assessment of the potential positive and negative environmental impacts of a proposed project. EIAs help decision-makers consider environmental factors. The main steps in an EIA process are screening, scoping, prediction and mitigation, management and monitoring, and auditing. EIAs began in the 1960s and were formalized in legislation like the US's NEPA in 1969. EIAs have positive externalities like job creation but also negative externalities such as environmental and social impacts. The document outlines India's key EIA laws and notes that EIAs facilitate informed decision-making by providing a structured analysis of project consequences.