The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...

Jairam Ramesh, India's environment minister, will make a decision in the next week that could define the future of the country: whether to approve a $12 billion South Korean-owned steel plant, the largest potential foreign direct investment ever on the subcontinent. The plant, proposed by South Korea's Posco, has been in the works for years. It already has been cleared by the environment ministry, which Mr. Ramesh runs, and endorsed by...

Has Narmada Bachao Andolan (NBA), one of India’s best-known peoples’ movements, run out of steam? Or is it still relevant in its new avatar as a force to reckon with? After all, the NBA has failed to achieve its primary goal of blocking big dams on Narmada, including the Sardar Sarovar Dam in Gujarat. The short answer to the question of NBA’s achievement is that it has forced a paradigm...

The ambitious Polavaram project, the multi-purpose project proposed across the Godavari for making optimum utilisation of water going waste into the sea, is mired in problems. The much-talked about project, aimed at stabilising the century-old Krishna delta and irrigating over 7 lakh acres in the upland areas of East and West Godavari districts, is dogged by uncertainty since it became a bone of contention between different regions and faced with litigation....

Each of the 18 samples of concrete cubes from the Shivaji Stadium site failed the test for required strength. The sample strength was 60%-85% less than the expected standard, raising questions on structural safety. * The tendered cost for Naraina flyover was 48% higher than the estimated cost. While cost overruns were double in the case of the road underbridge at Sewa Nagar. * Targets were revised, penalties waived for the contractor...