-The Hindu The decision of the Ministry of Environment and Forests to revalidate the environmental clearance issued to South Korean steelmaker Posco for the proposed steel plant in Odisha is based on a piecemeal approach, rather than a comprehensive and cumulative assessment of all parts of the project. It cannot claim to rely on sound judgment. What distinguishes the proposal from the welter of projects before the Ministry is its...

-The Hoot We can either spend another year discovering how much the old model is disintegrating or we can explore alternatives. But India has not developed a tradition as yet of not-for-profit journalism, says SEVANTI NINAN. Two recent developments at the New York Times and at Time Inc. which publishes Time magazine underscore the fact that financing has and will remain become the number one issue for the future of journalism as...

-The Indian Express The environment ministry under Veerappa Moily has approved the $ 12.6 billion Posco steel plant in Orissa, the biggest foreign direct investment in India. The proposed 12 million-tonnes-per-year plant has been stuck for more than eight years due to delays in getting clearances and acquiring land. Top sources confirmed to The Indian Express that the steel plant got the green signal after it was delinked from the port project. It...

-The Hindu     Move to push this year's expenditure to next fiscal is intended to keep the fiscal deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...

-The Times of India NEW DELHI: The comptroller and auditor general (CAG) is finalizing a report on yet another instance of massive loss to the state exchequer because of favours shown to private parties by the political establishment. The CAG's audit report on the Taj Expressway project could also find place among India's biggest scams, with successive Uttar Pradesh governments being accused of causing loss of thousands of crores to the...