The Andhra Pradesh Police on Friday said it has arrested three people working with SKS Microfinance and Spandana on a complaint of harassment by a borrower, and might book the companies' respective promoters Vikram Akula and Padmaja Reddy under a new Ordinance to check coercive methods of loan recovery. The borrower, Ammulu, filed the complaint with the Yemmiganur police station in Kurnool district, about 270 km from Hyderabad, last night. A...

Arcelormittal’s plans to set up a six million tonne per annum (mtpa) steel plant in Bellary district of Karnataka is on track, with farmers coming forward to accept the compensation package for land acquisition. The world’s largest steel producer had zeroed in on Kuditini in Bellary district to set up its plant and laid out a land requirement of around 4,000 acres. However, these plans were opposed by some farmer groups...

The prestigious Rs 2,500-crore Machilipatnam port project is unable to cruise what with the district administration failing to hand over 4,000 acres of land  to the developers, Navayuga Engineering Company Ltd (NECL), even six months after the state government gave its nod for the project. The Congress government awarded the project to NECL this April after cancelling the previous agreement with Maytas-led consortium following its involvement in the multi-crore Satyam scandal....

Centre will implement it on a pilot basis in 52 districts To improve maternal and child health, the Cabinet Committee on Economic Affairs on Wednesday approved the Indira Gandhi Matritva Sahyog Yojana (IGMSY) — a monetary scheme for pregnant women and lactating mothers — on a pilot basis in 52 districts in this Five-Year Plan. Each pregnant and lactating woman will receive Rs. 4,000 in three instalments between the second trimester of...

Supreme Court questions the norms and method adopted by Centre to identify such families The Supreme Court on Tuesday questioned the norms and method adopted by the Centre in identifying below the poverty line (BPL) families, as the figures furnished by it and the States were at variance and the State governments had complained of inadequate supply of foodgrains. Earlier, senior counsel Colin Gonsalves, appearing for the People's Union for Civil Liberties,...