Led by C. Rangarajan, it has been appointed by Manmohan In a significant move, Prime Minister Manmohan Singh has formed an experts group chaired by the chief of Prime Minister's Economic Advisory Council, C. Rangarajan, to examine the recommendations of the Sonia Gandhi-headed National Advisory Council on the proposed food security Bill. The move surprised members of the council who met here on Friday to discuss the draft of the National Food...

Each to be given a block grant of Rs. 25 crore With the aim of giving a fillip to development schemes in tribal and backward regions, mostly affected by Naxal violence, the Cabinet Committee on Economic Affairs (CCEA) on Friday approved the commencement of an Integrated Action Plan (IAP) in 60 selected districts. The IAP would be an additional central assistance scheme on a 100 per cent grant basis. It is aimed...

The government must stop dilly-dallying over the project and apply the law regardless of the fact that it is India's single largest foreign investment proposal. TWO giant metallurgical projects, both in Orissa. Both promoted by big multinational corporations with tremendous influence. Both opposed by environmental and tribal rights activists because they would displace vulnerable people and destroy fragile ecosystems. Both backed strongly by State-level and national lobbies that claim they...

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

POSCO wants to build a USD 12 billion steel mill in eastern India, but the project has faced delays because of environmental worries and protests by local residents concerned about the mill's impact on their agriculture-based livelihoods. Here are some questions and answers about the project, which has already been delayed by three years: What is the project? The world's third-largest steel company wants to set up a mill in the eastern state...