Country's top carmaker, Maruti Suzuki, plunged into another crisis as production at its Manesar plant was abruptly stopped for the second time in past two months after its sacked around twodozen workers. The assembly lines for Maruti's top selling cars such as the new Swift, AStar hatchbacks and Sx4 sedan came to a grinding halt after it terminated services of 11 workers and also suspended another 10, on charges of indiscipline...

MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...

Rattled by swelling political and public anger at the preventive arrest of activist Anna Hazare, the UPA government backtracked late this evening and announced his release to a street sensed of victory against a shaken ruling establishment. But signs that the panicked U-turn will bring the beleaguered government little relief were immediately visible as Hazare refused to leave Tihar Jail, demanding that he be guaranteed permission to fast at central Delhi’s...

The Supreme Court is set to deliver a decision on a constitutional challenge by private schools Private schools around the country are waiting for the Supreme Court to issue a judgement in a constitutional challenge to a 15-month-old law that enforces free and compulsory education as a fundamental right, after hearing was concluded last week. The government, through the Right of Children to Free and Compulsory Education Act, 2009, or RTE, had...

Kalinganagar/Gobindpur: Tata Steel and Posco conceived their high-profile projects in Orissa at around the same time— 2004-05. Both faced similar opposition from land owners and saw long delays in meeting schedules. Tata Steel’s plant is under way with a commissioning deadline of October 2013, while Posco is still stuck at the land-acquisition stage. Nobody really knows when construction will start. In the land-acquisition process—the biggest stumbling block for most new plants—Tata Steel...