The Orissa High Court on Tuesday quashed all the land acquisition procedures for the Vedanta University that was proposed to be established on a sprawling 8,000 acres near the Konark-Puri marine drive. Terming the State government's notifications made to acquire and award the land in favour of the Anil Agarwal Foundation (AAF) for the proposed varsity as ‘illegal' and ‘bad in the eye of law,' a Division Bench of the court...

Here is a background on the 2G spectrum controversy that resulted in Communications and IT Minister A. Raja of DMK resigning on Sunday: The issue dates to 2008 when nine telecom companies were issued scarce airwaves and licenses for second generation (2G) mobile phone services at Rs1,658 crore (less that $350 million) for a pan-India operation. As many as 122 circle-wise licenses were issued. The opposition said that by giving the airwaves...

The unemployment rate in India is estimated at 9.4 percent or 94 persons out of 1000 persons in the labour force for the fixed reference period of financial year 2009-10, according to employment-unemployment survey by the Labour Bureau under the Labour and Employment Ministry. In absolute terms about 40 million persons are found unemployed based on the survey results at overall level of the State/UT’s surveyed. The unemployment rates are estimated at...

The country’s attention may be focused on an ever-increasing energy needs, but water is a much bigger issue, says a key policymaker in the government. “Water crisis is a more serious issue than energy crisis,” said Montek Singh Ahluwalia , deputy chairman of Planning commission, at the World Economic Forum on Sunday. Speaking at a session on ‘How will India avert a Water Crisis?’ Mr Ahluwalia said that that the government...

Subterfuge is the favourite tool of the corrupt, when caught. That seems to be the case as the Union ministry of commerce and industry proceeds at an elephantine pace in its “inquiry” into the Rs 2,500-crore rice export scam reported in Outlook. Last year, on July 30, Parliament erupted in a furore over the revelation that despite a strict ban on exports, tonnes of 25 per cent broken, non-Basmati rice...