Chandil, Jharkhand: Outrage has given way to expectancy in West Singhbhum, Jharkhand, where people are now waiting for the benefits that will come to them from a multipurpose project on the Subarnarekha, a venture that is finally set to take off after 40 years of holdups and protests.   On June 15, a team of engineers will test the dam’s vital functions and, if all goes well, the inauguration is expected in...

-The Times of India Anticipating what farmers support could mean to Samajwadi Party in the 2014 Lok Sabha elections, the Akhilesh government doled out sops worth Rs 5,432.37 crore for agriculture and allied activities to benefit the group. Chief minister Akhilesh Yadav also reiterated his government's commitment to scrap the old land acquisition policy and come up with a farmer friendly version soon. Stating that loans were a stress that haunted a...

-IANS Prime Minister Manmohan Singh Friday approved setting up a monitoring system to fast track implementation of major projects with outlay of over Rs.1,000 crore, a day after the official data showed contraction in manufacturing activities. "In order to address the issue of major investment projects being delayed for a variety of reasons, the Prime Minister has approved setting up of an Investment Tracking System to ensure speedy implementation of such projects,"...

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...