-PTI Vedanta group is likely to close its one million tonnes alumina refinery at Odisha's Lanjigarh from Wednesday, a move which would impact about 7,000 jobs in the Eastern state. The mining conglomerate, which runs the alumina refinery through an unlisted subsidiary, Vedanta Aluminium Ltd (VAL), had given a closure notice to the state government three months back citing severe shortage of bauxite as the primary reason for the shutdown. "Suspension of operations...
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Chill of hike freeze-Meghdeep Bhattacharyya
-The Telegraph Kolkata: Owners of potato cold storages today announced a day’s shutdown on Monday and threatened a longer agitation to protest the Mamata Banerjee government’s refusal to allow a rent hike. Many officials termed this as another instance of the “populist” government’s reluctance to raise tariffs. “The rent is our only source of income. Overhead costs have spiralled in the past two years. But the government is not allowing us to increase...
More »Call to account
-The Indian Express The Comptroller and Auditor General of India Vinod Rai told a meeting of the World Economic Forum that the “brazenness” with which government decisions were being taken is “actually appalling”. A day before that, he had told students in Shillong that the “suffering majority had begun to speak up”. In times when corruption is the central issue and the government evidently suffers from a credibility deficit, the statements...
More »'Free electricity for farmers is hurting development, not helping it– including farmers themselves'-Lalit Jalan
-The Economic Times There has been a change of guard at the power ministry and Jyotiraditya Scindia, the new man in charge, has described his task as daunting. To simplify the many complexities, it's worth keeping in mind an adage that's particularly apt for rural India: Nothing is more expensive than no power. While on one hand there are thousands of villages that still remain to be electrified, on the other even...
More »The roots of poverty: Ruinous healthcare costs-Anirudh Krishna
-Live Mint While natural disasters grab our attention, everyday events like illness drag most people into poverty In a small town of Gujarat, I met Chandibai, a woman, about 50 years of age. Fifteen years previously, her husband, Gokalji, had owned a general-purpose shop in the town centre. The family also owned a house and some agricultural land. In 1989, Gokalji developed an illness that confined him to bed, sometimes at home...
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