Did Posco exaggerate the employment potential of its Rs 50,000 crore plant in Orissa? A group of US-based experts has accused the Korean steel giant and Orissa of fudging statistics on potential jobs to hardsell the integrated steel plant. A paper prepared by Mining Zone Peoples' Solidarity Group — a collection of economic professors and engineers and others based in the US — has unravelled the figures estimated in an NCAER...

India's power revolution seems to have run out of steam due to transmission and distribution losses. The country is losing a huge quota of power to faulty distribution networks and power theft every year. The losses, experts say, are currently 29 %of the total generation, which equals a shocking Rs 45,000 crore in the fiscal year 2009-10 . The drop in losses since 2001 is a negligible 3% . President...

Bharti Wal-Mart Pvt. Ltd, the 50:50 wholesale retailing joint venture between Wal-Mart Stores Inc. of the US and India’s Bharti Enterprises Ltd, plans to enlist about 35,000 farmers in the next 5-year to source fresh produce as it opens more stores. Currently, Bharti Wal-Mart sources fruits and vegetables from more than 600 farmers in Punjab and other states. Last week, it opened its fourth Best Price Modern Wholesale store in Kota...

Spurred by the need to look at climate change impact on water resources, the Centre is formulating a revised National Water Policy in consultation with the States and other stakeholders to ensure basin-level management strategies. This would deal with variability in rainfall and river flows due to climate change. The Government is also looking at amendment to the Inter-State Water Disputes Act and the River Boards Act for time-bound clarificatory/supplementary orders...

Spurred by the need to look at impact of climate change on water resources, the Centre is formulating a revised National Water Policy in consultation with the States and other stakeholders to ensure basin-level management strategies to deal with variability in rainfall and river flows due to climate change. Ecology over industry? The government is also looking at amendment to the Inter-State Water Disputes Act, and the River Boards Act for time-bound...