Jairam Ramesh, India's environment minister, will make a decision in the next week that could define the future of the country: whether to approve a $12 billion South Korean-owned steel plant, the largest potential foreign direct investment ever on the subcontinent. The plant, proposed by South Korea's Posco, has been in the works for years. It already has been cleared by the environment ministry, which Mr. Ramesh runs, and endorsed by...

The great media blackout on the Radia tapes is   finally ending. Maybe editors and others who said that they could not use the tapes or transcripts for lack of authentication are waking up to the the fact that there have been no statements of denial from the principals, except for Barkha Dutt saying the conversation was misrepresented. She does not say it did not take place. Neera Radia has now...

The people are showing who the boss is. The weapon in their hands is the internet, which, in the last five days, has seen frantic activism against "power brokering" by journalists in collusion with corporate groups and top government politicians. It all began with the publication of sensational tapes related to the 2G spectrum scam by two magazines over the weekend. Two high-profile journalists, Barkha Dutt and Vir Sanghvi, whose names...

The Hindu MEDIA FOCUS: "Perhaps because of the large number of journalists involved in the controversy, most Indian newspapers and TV channels have not covered the Radia tapes at all." The Niira Radia episode raises questions about the boundary between legitimate news gathering, lobbying and influence peddling. The publication of taped conversations between Niira Radia — a lobbyist for Mukesh Ambani and Ratan Tata with a keen interest in the allocation of...

Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh. In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come...