Jairam Ramesh, India's environment minister, will make a decision in the next week that could define the future of the country: whether to approve a $12 billion South Korean-owned steel plant, the largest potential foreign direct investment ever on the subcontinent. The plant, proposed by South Korea's Posco, has been in the works for years. It already has been cleared by the environment ministry, which Mr. Ramesh runs, and endorsed by...

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...

Whatever the justification given by journalists whose names have come up in the `Radiagate' expose, there is no question that it has forced much-needed introspection. For years, the cosiness between prominent media persons and both politicians and the corporate world had become blatant. But rarely to the point where it was flaunted as it is today. In many ways, the 24-hour-news format and television have made this evident with anchors...

Investments worth Rs 100 crore in silica sand mining and beneficiation in Nellore district of Andhra Pradesh are in jeopardy due to the state government’s insistence on acquiring the mineral-bearing land for developing a Special Economic Zone (SEZ), protests the Federation of Indian Mineral Industries (Fimi). The Institute of Indian Foundrymen wrote to the Union mining ministry early this month, urging its intervention. There is no alternative area nearby for mining...

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...