-The Economic Times The government has removed roadblocks to coal mining by leading business houses and taken the first step to relax scrutiny of corporate expenditure on oil and gas fields, in a burst of action that has cheered investors and industrialists in the languishing energy sector. A group of ministers recommended to the cabinet on Wednesday that Reliance Power's Chhatrasal block, which is attached to the 4,000 mw Sasan Ultra Mega...
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With slowing growth, people are now questioning the long-term Indian story
-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,...
More »Will quit if coalgate charges against me are proved: PM Manmohan Singh-Sachin Parashar
ON BOARD PM'S AIRCRAFT: An emotional Prime Minister Manmohan Singh on Tuesday hit back at Team Anna's allegation of corruption against him in coal block allotments, saying he would give up public life if charges levelled by the activists were proved. "I will give up my public life even if there is an iota of truth in allegations levelled against me, and the country can give me my punishment. My long...
More »Chorus of unreason -TK Rajalakshmi
Political parties across the spectrum get into a tangle over an innocuous cartoon in a school textbook THE textbooks of the National Council of Educational Research and Training (NCERT) are in the news again. This time, it is not history but political science textbooks that managed to get almost all Members of Parliament on their feet on an emotive issue and for reasons that defied logic. One day before the 60th...
More »Freeze derails Rs 5L cr worth projects-Anil Sasi
The policy deep-freeze and land acquisition woes have resulted in over 500 projects, mostly power and steel, being shelved or put on hold during 2011-12, entailing a total investment of over Rs 5,00,000 crore. According to CMIE estimates, during the year Rs 1,70,000 crore worth of investment projects had been abandoned by project developers, and another Rs 3,30,000 crore worth were stalled on account of various procedural issues. The core sectors, led...
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