Posco India would have to incorporate the suggestions made by the Pune-based Central Water & Power Research Station (CWPRS) in the detailed project report (DPR) for the captive port proposed to be set up at Jatadhari Muhan in Jagatsighpur district. "In 2006, the CWPRS had made a technical study on the impact of the Posco port on the possible threat to the operations of the Paradeep port in 2006 following the...

An amendment to the Land Acquisition Act is being formulated to ensure minimum displacement of people and assess compensation on a scientific basis, Finance Secretary Ashok Chawla said on Monday. Speaking at a one-day Infrastructure Financing Conference jointly organised by the High Commission of India and the City of London at Mansion House here, the Finance Secretary said, "The Land Acquisition (Amendment) Bill, 2010, is under preparation, based on the principles...

Given the mind-boggling figures thrown up by the CAG report on the 2G scam, the gains seem rather modest. But in the year gone by, former telecom minister A Raja's finances have shown a healthy growth with regard to both income and investments. His political career may be headed south, but Raja's finances are in the pink of health. Not only has his personal income increased from Rs 11.47 lakh to...

Admitting to irregularities in the export of non-basmati rice to some African countries during UPA-I tenure, the government on Friday said it has referred the matter to the CVC after slapping show-cause notices on officials of PSUs, involved in the transactions. The action follows an internal enquiry by the Department of Commerce which found that "the exporting public sector units did not follow the transparent procedure for selection of domestic associates...

Block vehicular and railway traffic across Punjab, demand relaxation of paddy procurement norms Various factions of the Bhartiya Kisan Union (BKU) and organisations of landless labourers blocked the railway traffic at Moga and ten other locations in Punjab on Friday. They also halted the vehicular traffic on many Highways, demanding relaxation in the procurement norms of paddy. The protesters claimed that adverse weather conditions had affected the quality of grains, and said...