-The Hindu Hearing of proposed 100-MW thermal power plant of KPR Industries postponed after stones thrown at dais Balabhadrapuram (East Godavari): The public hearing on the proposed 100 MW thermal power plant of KPR Industries (India) Limited on Wednesday between Dontamuru of Rangampeta mandal and Balabhadrapuram of Bikkavolu mandal in East Godavari district was disrupted by villagers and some ‘outsiders’. A total of 40 persons, including four policemen, were injured in lathi-charge and...
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Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur
-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...
More »A committee to ‘administer’ a ‘market price’ for gas-Sunjoy Joshi
-The Hindu In his article in The Hindu (editorial page, “Making a mockery of domestic gas pricing,” January 18, 2013, Surya P. Sethi attacks the gas pricing formula proposed by the Rangarajan Committee, curiously enough, for being based on numbers from foreign markets that do not reflect the supply, demand or cost of production in India. I say “curiously” because on the exact opposite side, domestic producers are also pillorying the committee’s...
More »Posco land acquisition halted-Prafulla Das
-The Hindu Land acquisition for the proposed steel project of Posco at Gobindpur village in Jagatsinghpur district of Odisha was halted and police force withdrawn from the locality on Wednesday following stiff opposition from the locals, particularly women and children. The land acquisition exercise that was resumed after a long gap on Sunday came to a halt after hundreds of agitating villagers and leaders of different Opposition parties reached the spot where...
More »Agroforestry crucial to ensure food security of millions, says UN agency
-The United Nations The United Nations Food and Agriculture Organization (FAO) today called on countries to boost efforts to promote agroforestry, a practice involving the combination of trees with crop or livestock production, stressing it can help millions of people escape poverty and prevent environmental degradation, making it crucial to ensure food security in the future. “In many countries the potential of agroforestry to enrich farmers, communities and industry has not been...
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