India's power revolution seems to have run out of steam due to transmission and distribution losses. The country is losing a huge quota of power to faulty distribution networks and power theft every year. The losses, experts say, are currently 29 %of the total generation, which equals a shocking Rs 45,000 crore in the fiscal year 2009-10 . The drop in losses since 2001 is a negligible 3% . President...

The Orissa government on Friday moved the Supreme Court challenging the Orissa High Court order that quashed its decision to permit South Korean steel major Posco to mine iron ore in Sundergarh district of the state. The matter is likely to come up for hearing in November end. The state government had recommended the grant of prospecting licence (PL) to Posco India for the Khandadhar mines for its 12-million-tonne steel plant...

Union Minister for New and Renewable Energy Farooq Abdullah on Tuesday announced that 10,000 remote villages across the country would be electrified with renewable energy sources by March 2012 under an innovative initiative that will also generate employment. “We will provide electricity to 10,000 villages at the cost of Rs. 500 crore by the end of the current plan period,” Dr. Abdullah said, while addressing a press conference to mark the...

It is imperative that the committee constituted to look into charges of corruption in the Commonwealth Games should also include violations of labour laws within its purview. One of the more blatant and visible scams of the recently concluded Commonwealth Games relates to how the thousands of workers who worked on the games construction sites were denied minimum wages, safety equipment, housing and other benefits constitutionally due to them. In an interview...

Eminent economist and Vice-Chairman of the Kerala State Planning Board Prabhat Patnaik said on Saturday that the euphoria in official circles over financial inclusion has risen because of the “systematic scaling down of institutional credit to the peasantry and other productive sectors in the last two decades”. Delivering the centenary lecture dedicated to the memory of Prabhat Kar, a pioneer of the trade union movement in the banking industry, Mr....