In a move that could further delay South Korean steel giant Posco’s plan to build a $12-billion steel plant near Paradip in Orissa, the expert appraisal committee of Coastal Regulation Zone on Tuesday decided to defer its decision on giving approval to the project. The panel has cited absence of sufficient details on the likely environment impact of its captive port at Jatadhari, near Paradip, said people involved in the matter....

The Naveen Patnaik government is facing court strictures and opposition criticism for irregularities in grant of mining leases. WHEN Naveen Patnaik stepped into his father Biju Patnaik's shoes and donned the mantle of leadership of the Biju Janata Dal (BJD) to become the Chief Minister of Orissa for the first time in March 2000, he was seen as a crusader against corruption. In his initial years in power, he did...

NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

A forest panel examining any potential violation of forest laws for a proposed steel mill by South Korea's POSCO in Orissa has recommended temporary withdrawal of existing permits, Environment Minister Jairam Ramesh said on Monday. The long-delayed plant in India's eastern state of Orissa has been stalled by protests and environmental reports spearheaded by Jairam Ramesh, who has scrapped many big-ticket projects including some by London-listed miner Vedanta Resources Plc. POSCO is...

Advocates of liberalisation argue that by reducing state intervention and increasing transparency economic reform reduces corruption. Recent allegations of corruption suggest that this may not be true. In a season for scandal, allegations of large scale corruption have captured political India's attention. The instances to which such allegations relate are many, varying from the sale of 2G spectrum and the mobilisation and/or disposal of land and mining resources to purchases made...