-The Business Standard   A young entrepreneur with an engineering degree from India’s premier engineering school and a postgraduate degree from the US’s finest technical school develops an innovative service aimed at ameliorating the energy utility situation in rural India. In 1995, he co-founds SELCO India, which provides customised energy solutions based on each household’s requirements. It facilitates low-income rural households to secure financing help from local financial institutions. Read how...

-The Business Standard   Political rhetoric dominated the Federation of Indian Chambers of Commerce and Industry (Ficci) annual executive committee meet today, even as two key faces of Mamata Banerjee’s administration reiterated the government’s stance of not acquiring land for industry. “Under no circumstances will the government acquire land for the industry,” Partha Chatterjee, West Bengal’s commerce and industries minister told the industry body. Also present at the event was state’s finance...

Vinod Rai’s searing honesty in his job as the country’s CAG has the government in many a bind CAG Catch 1     2G Spectrum, 2010     The CAG audit over a six-year period from 2003 finds loopholes in the implementation of norms, leading to DoT allocating spectrum at 2001 prices. Estimated loss to exchequer: the now-household figure of Rs 1.76 lakh crore.     Outcome Former telecom minister A. Raja, MP Kanimozhi, telecom and...

The Orissa government suspends the land acquisition for the Posco project in the face of stiff opposition from the people. SIX years ago, when the South Korean steel giant Posco arrived in Orissa with the biggest ever foreign direct investment that had come the country's way, it was expected to help rid the economically backward State of its ‘poor' tag and bring prosperity. Posco had won the $12 billion deal at...

-Reuters   Clad in white home-spun garments and living in a spartan room of his village's Hindu temple, Anna Hazare is an unlikely thorn in the side of the government hundreds of miles away in New Delhi. And yet for millions of Indians, he is a 21st-century Mahatma Gandhi, inspiring a rare wave of protests against the spiralling corruption that has tarnished the up-and-coming image of Asia's third-largest economy. Like Gandhi, who led India's...