“Mistakes are obviously committed while undertaking big projects and we are open to corrections,” said Lavasa Corporation Limited (LCL) Chairman Ajit Gulabchand for the time first time on Friday since the controversy over the hill city started. However, he added that “these corrections should not make business impossible.” Mr. Gulabchand was speaking to the media after meeting a team of experts from the Ministry of Environment and Forests (MoEF) which was...

Chairman of the expert team of the Ministry of Environment and Forests (MoEF) Naresh Dayal said on Friday that prima facie there was no large-scale destruction of forest land for the controversial hill city project, Lavasa. Speaking to journalists on the third and final day of inspection, Mr. Dayal said that contradictory to the allegations made by social activists Medha Patkar and Anna Hazare, Pune's water supply would not be affected...

About 5,000 tribal villagers agitated against the Maithan Power Limited here today. According to the tribals, Tata Power purchased 1,200 acres land from 1,600 families for the project, a joint venture between Tata Power and Damodar Valley Corporation. They maintained they were promised jobs for every family in lieu of the land they gave up, but no jobs have been provided so far. "Till now, 90 percent of the work has been completed,...

Since 1947, successive governments have missed innumerable opportunities to put the country on the path of sustained, inclusive growth. Time and again, quixotic ideology has led to meaningless debates, antediluvian policy and inexplicable strangulation of capacity buildup in both physical and social infrastructure. Even today, while the gap between current and projected national demand and supply is well acknowledged, the government continues to drag its feet in creating the policy...

Wholesale food inflation saw a sharp increase to 18.32 per cent for the week ended December 25, primarily due to a steep rise in onion prices. The inflation rate is a 23-week high, much above the expectations of analysts and policymakers. Food inflation, as measured by the wholesale price index (WPI), was at 14.44 per cent for the previous week ended December 18 and at 19.9 per cent in the corresponding...