The Orissa government on Friday moved the Supreme Court challenging the Orissa High Court order that quashed its decision to permit South Korean steel major Posco to mine iron ore in Sundergarh district of the state. The matter is likely to come up for hearing in November end. The state government had recommended the grant of prospecting licence (PL) to Posco India for the Khandadhar mines for its 12-million-tonne steel plant...

The National Advisory Council (NAC), led by Congress president Sonia Gandhi, may have suggested doubling food subsidies to keep an electoral promise, but the country’s food and agriculture minister, Sharad Pawar, is not amused. Pawar has expressed frustration at the NAC’s suggestion to provide subsidised food to 75% of the population. “It (the NAC proposal) reminds me of an old AICC (All Indian Congress Committee) resolution when I was a young...

Delhi farmers on Sunday demanded that there should be a provision for a judicial review of cases in which government acquired land for public purposes but later sold them at the market price to private firms. Representatives from different villages of rural Delhi made this demand at a mahapanchayat held in Mahipalpur, one of the capital's oldest villages. The farmers had gathered to protest against the "archaic" Land Acquisition and...

A worried government has put on fast track the proposed bill to regulate micro-lenders, as it seeks to ensure that over-regulation by states does not kill the sector that is envisaged to play a big role in furthering financial inclusion. The finance ministry could move a bill in the winter session of Parliament that will make Nabard responsible for regulation of all non-profit microfinance institutions structured as trusts, cooperatives, or mutual...

Karnataka's political classes might be striking deals and engaging in a war of words, but this has in no way affected the smooth progress of work for some of the multi-billion dollar industrial projects in the state. ArcelorMittal, the world's largest steel producer, which plans to set up a 6-million tonne per annum plant in Bellary district with an estimated investment of Rs 30,000 crore, is now seeing farmers come forward...