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...

The Niira Radia tapes have firmly put  the spotlight of adverse attention on politics and the media. But surprisingly, the loudest voice of protest—which is also a claim of innocence and a warning that the focus on the mud-smeared keeps attention off the real beasts in the 2G story—has come from India Inc. Ratan Tata, head of the Tata group and Radia’s foremost client, calls the leaked tapes “unauthorised” and...

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...

Alliance for Sustainable and Holistic Agriculture (ASHA) would reach city during its Kisan swaraj yatra on Friday to draw the attention to continuing agricultural crisis in India and call for a comprehensive new path for Indian agriculture. Baba Balbir Singh Seenchewal and Manmohan Waris would join the rally here. A public meeting would be organized in front of PAU gate number two. Out of 10 lakh farming families, 72,000 were forced to...

MP Shivajirao Adhalrao-Patil on Sunday said the new Pune airport plan remained a non-starter because of lack of serious efforts on part of government officials to convince farmers about its need. Adhalrao, considered an opponent of the airport plan in Chakan area, was at pains to say that he was not anti-development. “Rather than my stand, it would have been better if the officials had taken efforts to explain to farmers...