TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...

The Tatas pulled out of Singur; the Salims of Indonesia out of Nandigram. What is still ticking is the Jindals’ Rs-35,000-crore, 10-million-tonne steel plant at Salboni. It has the potential to churn out the first industrial success story for whoever captures power in West Bengal after May 13. Along with the steel plant, a 1,000-MW power project to is coming up. At one point, Salboni had appeared to have the makings of...

Archaic labour laws are not affecting India's manufacturing sector as much as problems related to land, water, licences and clearances, a government panel's study shows. With the findings of the Planning Commission study, changing rigid labour laws, so far suspected to be the main hurdle before the manufacturing sector, is likely to drop on the government's list of priorities. The sector contributes 15% to India's GDP. "Against popular perception, we...

The Akhil Bharatiya Adivasi Vikas Parishad today “took back” land that was being used by a Siliguri-based planter as a small tea garden for the past five years, alleging that he had duped the Adivasi owners. The Jalpaiguri administration has termed the “takeover” illegal. “Who gave them the rights or the responsibility of reclaiming tribal land? There is an administration and government procedure for everything. They should have come to us...