-The Business Standard   Even as Posco India is yet to submit a written response on the draft prepared for renewal of Memorandum of Understanding (MoU) with the Orissa government, the company is understood to have raised certain reservations over the omission of the iron ore swapping clause in the revised pact. While Posco has verbally agreed not to export iron ore from Orissa, the steel maker has requested the state government to...

-The Business Standard   Steel maker yet to submit its written response. The renewal of Memorandum of Understanding (MoU) between the Orissa government and Posco India continues to be mired in uncertainty with the company yet to officially respond to the MoU renewal draft sent by the government one month back. The renewal of the pact for a 12 million tonne steel project in the state by the South Korean company that expired on...

-Press Information Bureau   A Study conducted by the Central government reveals that works given under Mahatma Gandhi National Rural Employment Guarantee Scheme, MGNREGS have led to increase in crop yields, besides substantial enhancement of market wage rates of agricultural and non-agricultural labourers. The positive impact of the scheme was also noticed in the considerable increase in the forest area and the decline in incidents of out-migration. The information was given by...

Union Agriculture minister Sharad Pawar’s made a last-ditch effort to win support for his controversial Seed Bill, 2010 by calling an all-party meeting in Parliament earlier this week. He was candid about the fact that this legislation tops his “must do” list. But the Opposition — supported by a section of the Congress—weren’t having any of it. “The proposed bill is not only anti-farmer but also brazenly favours multinationals in the...

-The Economic Times   The latest forecast of the Met office suggesting a weakening of the south-west monsoon during the second half of the monsoon season is not cause for panic. It is the distribution of rainfall across space and time rather than the aggregate percentages that matter for the farm sector. The good news is that both the spatial and temporal distribution of rainfall has been satisfactory so far. A good reservoir...