The World Bank has cleared a $975-million (Rs 4,387 crore) loan for a pet rail project of Mamata Banerjee, the funds signal flashing at a time Bengal is on the lookout for affordable funds. The loan is meant for the first phase (Ludhiana-Mughal Sarai) of a dedicated high-speed freight corridor that will eventually link Calcutta and Delhi. But those familiar with the World Bank’s operations suggested that the approval could be more...

Exasperated with the public perception of its role, the Indian government appears keen to somehow abdicate its key sovereign function of making land available for economic development by dumping it on the private sector. This is wrong. The maintenance of up-to-date land records, the scientific identification of tracts for a shift from agricultural to non-agricultural uses and the smooth transfer of land assets are the functions of the sovereign. The...

-The Economic Times   With the land acquisition work for Posco project near Paradip picking up gradually, Orissa government had decided to renew the lapsed MoU with the South Korean steel major before June, official sources today said. The state government would renew MoU with Posco before end of June, Orissa steel and Mines minister Raghunath Mohanty. "We have decided to hold a meeting soon to take final decision on the...

Pantoka is a beehive of activity. The spirit of protest in this small hamlet on the India-Nepal border is not a simple case of topical environmental awakening; it is a desperate struggle for life in which more than 1 lakh lives are at stake. Today, the first day of June, the citizens of Bihar's Raxaul sub-division in East Champaran district will stage a massive blockade on National Highway 28A, shutting off...

-The Times of India   The state government on Monday took yet another step forward in ensuring smooth land acquisition for the mega Posco steel plant in Jagatsinghpur, assuring to fulfil certain demands of a pro-industry outfit having considerable clout in the project area. At a meeting in Cuttack, the revenue divisional commissioner (central range) Pradipta Mohapatra assured representatives of the United Action Committee (UAC) that the government would consider fulfiling...