TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

Manasi Manna of Singur hopes that Mamata Banerjee will return her one-acre plot, which had been acquired for the Nano project, after taking charge as chief minister. “My husband and I used to cultivate the land. We used to get three crops a year. We never had to worry about food. Everything came from that land. But after it was forcibly taken away for the small-car project, I have been forced...

The cheapest car in the world proved the costliest for a 34-year-old Left Front CPI-M government in India’s eastern state of West Bengal, as the communists lost the elections here by a wide margin. The outcome is the result of an anti-left movement that began in 2006 following the controversial takeover of farmland to create a manufacturing plant for Tata Motors’ small family vehicle called the ‘Nano’. A sweep by a regional...

-The Business Standard   The Orissa government may defer its plan to resume land acquisition for South Korean steel company Posco’s $12-billion project near Paradip on May 18, by a week due to non-cooperation of United Action Committee (UAC) members, unavailability of temporary shed for police forces and severe heat wave. Priyabrata Patnaik, managing director of state-owned Industrial Infrastructure Development Corporation and nodal officer for the project, had earlier said the land...

Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...