-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...
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Montek panel for UID use to plug PDS leakages
-The Business Standard A panel headed by Planning Commission Deputy Chairman Montek Singh Ahluwalia has advocated the use of unique identification numbers to plug loopholes in the public distribution system (PDS). The working group on PDS reforms, which finalised its draft report today, has also suggested a nationwide computerised system for tracking transportation and distribution of PDS items. “We have approved the draft report and will give it to the Prime Minister...
More »High newsprint prices likely to hit Indian print media margins
-The Business Standard Increasing newsprint prices are likely to have a negative impact on profitability of the Indian print media industry in the short to medium term, according to a Fitch report. The report expects that an increase in advertising revenues may partly offset the rising cost of newsprint. Newspaper publishers generate about 70 percent of revenues from advertising, with the remainder coming predominantly from circulations. However, the agency's expectation of...
More »Is black carbon affecting the Asian monsoon? by Navin Singh Khadka
Although a normal monsoon has been forecast for South Asia this year, and rains have begun normally in many parts of the region, people are still anxious about the rainy season that lasts for four months. Their anxiety has to do with the uncertainties surrounding the timing of the monsoon in recent years. While the debate continues over the role of climate change, scientists have also been looking at the possible role...
More »Now, The Oil Stain by Lola Nayar
By exposing its lesser arm, is the petromin hiding bigger sins? Petro Fallout * Murli Deora, who as petroleum minister sought the CAG audit and sanctioned a CVC probe, offers to quit his ministerial post * CBI action reinforces CAG draft report findings blaming DGH for oversight in implementation of production-sharing contracts * Unease in market, as yet another CBI probe into charges of DGH having favoured RIL in its...
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