It pays to keep away from private-public partnerships, especially if you plan to ‘only’ create awareness on a topic that complements the business you are in. Last week, foods giant Nestle was probably chewing hard on this thought. The company found itself in an uneasy position in India, when it received unfavourable media coverage for a nutrition-awareness programme that Nestle India had launched in schools in association with universities such...
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GoM to address 'no go' mining issue in a week
Coal Minister Sriprakash Jaiswal today said a Group of Ministers on Coal will meet within a week to try and Iron out the vexed issue of "go" and 'no-go' areas in coal blocks. "The Group of Ministers will meet in the next three-four days or within a week to deliberate on issues like 'go' and 'no-go', among others," Jaiswal told reporters on the sidelines of an Assocham event here. Last year, the...
More »An aam aadmi sarkar fights the poor by Vidya Subrahmaniam
It is tragic that the same government that gives huge corporate concessions and loses money in corruption is fighting over minimum wages. As India's — and by some reckoning the world's — largest rights-based rural safety net programme completes five years, here is a reality check. The National Rural Employment Guarantee Scheme (NREGS) has become the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). But in a monumental affront to the...
More »Posco plant, India’s largest FDI, gets the green flag
Clearing a protracted uncertainty over India’s largest-ever foreign direct investment, the Union EnvIronment Ministry today gave its approval to South Korean steel major POSCO’s proposed Iron and steel plant in Orissa. In an order today, the Ministry gave envIronmental clearance for the construction of a 12-million tonne per annum capacity Iron and steel plant (4 million tonnes in first phase) and a captive power plant at Jagatsinghpur district of Orissa. It also...
More »India's $12bn Posco steel plant gets conditional approval
India's envIronment ministry has given conditional approval to South Korean company Posco's plan to build a steel plant in the eastern state of Orissa. The ministry has also cleared the plant's captive port and power plant if certain conditions are met. The $12bn plant is India's largest foreign investment project. Last year, a government panel said that envIronmental clearances for the plant be scrapped. Critics say the project will exhaust Iron deposits in...
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