-PTI   NEW DELHI: South Korean steel major POSCO will build the $ 12 billion plant in Orissa in three phases and hopes to start work on four million tonne (MT) first phase soon after the land is transferred to it. "We will build the 12 million tonne per annum (MTPA) steel plant in Orissa in three phases. The first phase will be of 4 MTPA and we hope to begin...

One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...

-The Hindu   In the backdrop of suggestions for the Army to fill the breach after the Supreme Court declared ‘Salwa Judum' illegal and the paramilitary forces being repeatedly attacked, Defence Minister A.K. Antony ruled out such a course. However, the Army would react in self-defence if it was attacked, he told journalists here on the sidelines of a seminar on defence acquisition on Tuesday. “We are there not to fight or...

-The United Nations   As the world population approaches seven billion, Secretary-General Ban Ki-moon today stressed that ending global poverty and inequality is the key to unleashing the great human potential for prosperity and peaceful coexistence, while protecting the planet and safeguarding the natural resources that sustain humanity. “Later this year, a seven-billionth baby will be born into our world of complexity and contradiction,” Mr. Ban said in a message to mark...

-PTI   India today sought help from Poland, which holds the European Union Presidency, for resolving trade obstacles for Indian agri exports to 27 EU countries. The issue was taken up at a meeting here between Commerce and Industry Minister Anand Sharma and visiting Polish Foreign Minister Radoslaw Sikorski. "The EU can play an important role in resolving several of our market access issues with the EU including in respect of arbitrary SPS (Sanitary...