The environment ministry has told Vedanta Aluminium to stop all construction on the six-fold expansion of its aluminium refinery at Niyamgiri in Orissa, citing violation of environment laws. In a letter sent to the company today, the Jairam Ramesh-headed ministry also said Orissa’s forest and environment department should take legal action against the firm for the violations in its attempted expansion of the plant from 1 million tonnes per annum (mtpa)...

State-owned trading firm MMTC Ltd, the Indian Farmers Fertiliser Cooperative (Iffco) and the conglomerate Bharti Enterprises plan to join the growing number of Indian entities engaged in commercial farming in Africa. Cheap land and labour costs in Africa are attracting a number of Indian firms with interest in agriculture. A large number of people in East African countries such as Kenya work in the cultivation of tea, coffee, corn, vegetables, sugarcane,...

SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani  has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...

Taking a serious note on the suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP. Talking to media persons in the New Delhi, the minister said that the government would frame rules and...

In a first step of its kind, nine private companies have been shortlisted by the Union rural development ministry to develop infrastructure in the rural areas and maintain it for a period of 10 years. The project, envisioned as part of former President A P J Abdul Kalam’s pet scheme, Provision of Urban Amenities in Rural Areas (PURA), will see these nine private players undertaking pilot projects in January next year...