It's perhaps the first time the Union government has rejected an industrial project floated by an MP of its own party. In fact, the ministry of environment and forests (MoEF) has asked Chhattisgarh government to take action against Congress MP and industrialist Naveen Jindal's company, Jindal Power Limited (JPL). Worse, a close look at the exchange between JPL and various government bodies shows the company persisted with the project despite...

Even as the department of civil supplies and consumer affairs conducts consumer rights’ awareness events in rural areas periodically, lack of councils and laboratory facilities are dampening consumer activism in Goa, say consumer rights’ experts. They point out that both district consumer courts, set up under the justice redressal system of the Consumer Protection Act (CPA), 1986 are in urban areas. This makes it difficult for rural consumers to approach...

The government today decided to release five million tonnes of wheat in the open market and retain zero duty on sugar and wheat Imports in the wake of soaring food prices. The empowered group of ministers (EGOM), headed by Finance Minister Pranab Mukherjee, decided to offload wheat under the Open Market Sale Scheme (OMSS) at prices lower than the market price. Wheat will be sold from the government godowns between July...

India should be able to lift the ban on non-basmati rice Imports this year as a bumper crop is expected due to a positive outlook on monsoon rain, traders said on Tuesday. India, the world’s second largest exporter of rice after Thailand banned exports of non-basmati rice in 2008, as high prices of the grain put pressure on domestic supply. “India should come online this year as the harvest is expected to...

The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...