No major investment in dam projects before land acquisition, relief and rehabilitation sorted out Project should be cleared only after distribution network is provided For years, it has been felt that engineers of the Irrigation and Water Resources Departments are far removed from human considerations while planning and executing a project. This is why concerns at displacement and rehabilitation of project-affected people and farmers for whom the water is meant are not...

The labour ministry may get about 36% more money under planned allocation in the Budget for the year starting 1 April to expand welfare programmes such as health insurance for the poor. “We are getting Rs. 1,300 crore under planned allocation in the coming Budget,” labour secretary Prabhat Chaturvedi said. The ministry was allocated Rs. 956 crore under the same Plan in the current year’s budget allocation. The labour ministry will also...

Clearing a protracted uncertainty over India’s largest-ever foreign direct investment, the Union Environment Ministry today gave its approval to South Korean steel major POSCO’s proposed iron and steel plant in Orissa. In an order today, the Ministry gave environmental clearance for the construction of a 12-million tonne per annum capacity iron and steel plant (4 million tonnes in first phase) and a captive power plant at Jagatsinghpur district of Orissa. It also...

The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

With the government revising wages under MGNREGA, it could be another pressure point for rising inflation, if appropriate policy action to address the demand-supply gap is not in place, said the Reserve Bank of India (RBI) on Monday. "MGNREGA has the potential to raise the wage bargaining power even in the unorganised sector, particularly in the agriculture and Construction Sectors, besides raising rural demand at a faster pace relative to the...