There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore iron ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp Steel and Mines Ltd. The same day, the company applied for a prospecting licence...

Amipur may be a small dot along the national highway from Patna to Nawada, but its ambitions are big. In the 50-odd households in the village, sparsely populated and rife with an uneasy quiet, most men have left for work outside Bihar. Siyaram Chauhan is the one who returned. He was rescued last month by the state government officials from a brick kiln in Uttar Pradesh’s Bahraich where he worked as...

As it stands, the Right to Education Act has several flaws that will prevent its efficacious implementation. Several amendments are called for. Something that cannot work, will not work. This is a tautology applicable to the Right to Education (RTE) Act, which cannot meet the objectives for which it was enacted. There are several reasons for this. First, the Act does not rule out educational institutions set up for profit (Section 2.n.(iv))....

Approvals pertain to bauxite mining, alumina factory, wetlands allocation for three thermal projects Union Minister of State for Environment and Forests Jairam Ramesh has announced a probe into all kinds of permission given so far for bauxite mining, setting up of alumina factory and allocation of wetlands in Srikakulam for setting up three thermal power projects. He promised to withdraw all permissions if the report proved that they were given in contravention...

EVEN AS BP battles to check the damage caused by the oil spill in the Gulf of Mexico, India is showing how far it is from recovering from its own worst industrial accident. A group of government ministers appointed to suggest remedies for the disaster in 1984 at Bhopal, in central India, made its recommendations on June 21st. It urged the government to step up its efforts to extradite Warren...