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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India Stocks Sink on Telecommunications Scandal by Heather Timmons
A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...
More »Kisan Swaraj Yatra to reach Chandigarh on 2nd December
The Kisan Swaraj Yatra, a nation-wide mobilization drawing fresh attention to the “continuing agricultural crisis in India”, and calling for a comprehensive new path for Indian agriculture, will reach Chandigarh on December 2, 2010. The bus-Yatra started at the Sabarmati Gandhi Ashram on October 2, and is passing through 20 states before reaching Rajghat, New Delhi on December 11. KSY is organised by all India network of over 400 organisations named...
More »The Girl Who Was Once Nira Sharma by Sunit Arora
* Moved to London from Kenya in the 1970s. Schooled at Haberdashers’ Aske’s. Bachelor’s at University of Warwick. * Has three siblings. Father in aviation. Three sons from failed marriage with UK businessman Janak Radia. * India entry in 1995. Sahara liaison officer. India rep of Singapore Airlines, KLM, UK Air. * Floats Crown Air as MD in 2000, with sister Karuna Menon as partner. Secures FIPB clearance to...
More »NE girls battle racial slurs, feel like aliens by Ambika Pandit
Reena, a Delhi University student from the northeast, was on a cyclerickshaw when four bikers brushed past, feeling up her thighs and snatching away Rs 15,000 that she was carrying. And after all the fight she put up she was literally dragged by the bikers for some distance she reached the police station only to see the constables smirk at her. They simply asked her to give a written complaint...
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