-PTI The Supreme Court today set aside the Orissa High Court order which had quashed state government's petition to allot iron ore licence to South Korean steel major Posco in Khandadhar hills in Sundergarh district for a multi-crore steel plant. A bench headed by Justice R M Lodha asked the Centre to consider all the objections raised by various parties pertaining to the mega steel plant and take a decision. The court was...
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Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak
-The Business Standard The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative. "To provide proper facility in the wake of growing financial insecurity, we are thinking of a social...
More »Parliamentary panel calls for media watchdog -Shuchi Bansal and Liz Mathew
-Live Mint Move could assume significance given the pressure facing a government battling a series of corruption allegations New Delhi: A parliamentary committee on Monday sought to make a case for controlling the media-both print and electronic-through a statutory regulator, a suggestion that could assume significance given the pressure facing a government battling a series of corruption allegations. The standing committee on information technology called for such a regulator on grounds that the...
More »Saradha effect: investors seek return of deposits from companies
-The Hindu Kolkata: The agitation against fraudulent deposit-taking companies continued to spread in the State with the police intervening in some places to prevent the situation spinning out of control. There were instances of agents heckling investors. Demanding that their money be returned, a group of investors protested outside one of the companies at Lake Town near the city on Saturday. At Salt Lake nearby, another company faced the ire of anguished...
More »Blame Govt for high wheat prices -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line The general tendency among Indian policy makers currently is to blame international price movements for the rise in prices of essential food items in India. The extent to which this claim is valid is assessed by examining the specific case of wheat. It is no secret that Indian food prices are increasingly affected by international prices. Ever since 2002, when all quantitative restrictions on Indian imports of agricultural...
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