-The Business Standard   Tension prevailed in the Posco project site in Orissa as the irate villagers on Thursday detained two officials, one from Posco and another staff of Industrial Infrastructure Development Corporation of Orissa (Idco), who had gone to Noliasahi in Gadakujang panchayat for cutting of tress on the acquired land. They were later released after being held captive for about four hours. The officials, who had gone to the village without...

Steelmakers and mine owners, reeling under a ban on mining in Karnataka, are keeping their fingers crossed about the Supreme Court hearing scheduled on Friday. The uncertainty in iron ore and the resultant rise in ore prices have led the steel industry to actively consider an upward revision in prices, just days after most companies mentioned of keeping product price levels unchanged. "Iron ore spot prices have been rising by $1-2 daily...

-Express News Service   The Supreme Court on Wednesday quashed the invocation of emergency clause by the Mayawati government to acquire private land for the Construction of a district jail without hearing objections raised by the aggrieved land owners. “The series of events shows lethargy and lackadaisical attitude of the state government,” a bench of Justices G S Singhvi and H L Dattu observed against the manner in which the state government...

The recent estimates of employment and unemployment from the 66th round (2009-10) of the National Sample Survey (NSS) belie any hopes that the growth of the Indian economy between 2004-05 and 2009-10 has been inclusive. Employment has expanded by only a million jobs during this period. Not only is this lowest ever growth recorded in any such period, the fact that it occurred during the period of highest growth in...

Homebuyers in Noida can breathe easy. In an important breakthrough, the city's villages have decided to call off their recent agitation over land acquisition-related issues. After arriving at a settlement with Noida Authority on Saturday, the farmers promised not to disrupt work at any of the project sites. However, the agreement does not affect the fate of projects in Noida Extension, where negotiations are still on between farmers and Greater...