Jairam Ramesh, India's environment minister, will make a decision in the next week that could define the future of the country: whether to approve a $12 billion South Korean-owned steel plant, the largest potential foreign direct investment ever on the subcontinent. The plant, proposed by South Korea's Posco, has been in the works for years. It already has been cleared by the environment ministry, which Mr. Ramesh runs, and endorsed by...
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Unorganised sector a major challenge: Kharge
Union Minister for Labour and Employment Mallikarjun Kharge said the major challenge facing India today was that of the unorganised sector. He was speaking at the second World Social Security Summit organised by the International Social Security Association in Capetown, South Africa, on Friday. Mr. Kharge is heading a six-member high-level delegation from India, which held discussions with several Labour Ministers of the nearly 120 countries participating in the meet. Mr. Kharge...
More »New Arrivals Strain India’s Cities to Breaking Point by Lydia Polgreen
Mahitosh Sarkar came here from his distant village in West Bengal 12 years ago looking for a better life, and he found it. He abandoned the penniless existence of a subsistence fisherman to become a big-city vegetable seller. His wife found work as a maid. Their four children went to school. Their tiny household, a grim but weather-tight room in a dilapidated tenement, had a color TV and a satellite...
More »Strong agri output to support GDP growth by Surojit Gupta
The country’s economic growth is expected to remain strong despite sluggishness in the manufacturing sector as a rebound in agricultural output is expected to support overall growth. Growth in the key farm sector, which accounts for nearly 17% of the nation’s GDP, has been a concern for policymakers for the past few quarters. But, healthy monsoon has raised expectations of strong farm output during July-September 2010. In addition, the arrival of...
More »Her Sinister Ring Tone by Shantanu Guha Ray
NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...
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