Long-term greedy is a term that a Goldman Sachs partner made famous, by way of self-definition . It is as good a description as any of making profits in a sustainable fashion. Lafarge displayed short-term greed when it violated the law in obtaining forest clearance for a limestone mining project in Meghalaya’s Khasi hills, to supply raw material for its own cement plant in neighbouring Bangladesh. It described the mining...

PUDUCHERRY: The National Bank for Agriculture and Rural Development has agreed to extend loan to the territorial administration for constructing additional classrooms and laboratories in government schools. In the near future, 559 classrooms would be constructed in the Union Territory, Chief Minister V. Vaithilingam told the Assembly on Thursday. Replying to the debate on the demands for grants to School Education, the Chief Minister said the bank had consented to extend a...

The health ministry on Thursday forcefully denied the allegation levelled by the opposition that Indian girls are being used as guinea pigs for anti-cervical cancer vaccines. Health minister Ghulam Nabi Azad, replying to a calling attention notice in the Rajya Sabha, said that use of HPV (human papillomavirus) vaccines imported by Merck and CERVARIX (manufactured by GSK) have been stopped in the country. The ministry has also constituted a committee...

Funds allocated for the United Progressive Alliance government’s flagship rural welfare scheme, although the highest for any single social welfare programme, are enough to meet only about half its objective, says a report by a legislative panel. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) guarantees at least 100 days of work a year for one member of every poor rural household. The parliamentary standing committee on rural development, which assessed...

The six-year-old Seeds Bill could be the next headache for the UPA government in Parliament. As the government plans to introduce the Bill in the Rajya Sabha this week, the Opposition, especially the Left parties, and several farmers’ organisations have ganged up against some of its provisions. The Left is also in touch with other political parties to put pressure on the government to remove certain “ antifarmer” clauses in the Bill. The...