Amidst protest from anti-Posco activists, Orissa government on Wednesday resumed land acquisition work for Korean steel major’s proposed $12,000 (Rs 54,000 crore) steel plant near Paradip in Jagatsinghpur district, following union ministry for environment and forest’s final forest clearance to the project on May 2. Jagatsinghpur collector NC Jena said the teams comprising officials from the revenue department and Industrial Infrastructure Development Corporation (IIDO) were involved in the land acquisition process....

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 Business Standard   The Orissa government may defer its plan to resume land acquisition for South Korean steel company Posco’s $12-billion project near Paradip on May 18, by a week due to non-cooperation of United Action Committee (UAC) members, unavailability of temporary shed for police forces and severe heat wave. Priyabrata Patnaik, managing director of state-owned Industrial Infrastructure Development Corporation and nodal officer for the project, had earlier said the land...

The arrival of large quantities of wheat in the grain markets of the Punjab-Haryana region is a heart-warming sight, while poor storage is a matter of national shame. It was in April-May 1968, that the country witnessed the wonderful spectacle of large arrivals of wheat grain in the mandis of Punjab like Moga and Khanna. Wheat production in the country rose to nearly 17 million tonnes that year, from the previous...