The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects. Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since...

A Dantewada district court yesterday granted bail to D.V.C.S. Verma, the general manager of an Essar Steel plant, who was arrested last September in a case of alleged protection pay to Maoists. The court said investigators had not been able to provide any concrete evidence against the official. Chhattisgarh police had arrested Verma based on the statement of a local contractor, B.K. Lala, who was allegedly caught red-handed while paying Rs 15...

The corruption paranoia, blamed for the policy paralysis at the Centre, is threatening to take a toll on Bengal by clouding the timetable of the much-delayed Jindal Steel plant at Salboni. Banks and financial institutions are unwilling to give loans to the project because of uncertainties surrounding the mining sector. The Jindal project may require loans totalling Rs 10,000 crore in the first phase to build a 3-million-tonne plant. The proposed Salboni...

At least 4000 tribals organized a rally and meeting at Ambagadia village near Kalinganagar industrial complex of Jajpur district to remember the 14 tribals who were brutally gunned down by the police on 2nd, January six years back when they were opposing the forcefully construction of a boundary wall of TATA ‘s Steel company. “ Fourteen of our fellow men sacrificed their lives for tribal’s cause. We are ready to die...

-The Business Standard Industrial town Kalinga Nagar in Jajpur district on Monday observed Saheed Divas, marking the sixth anniversary of the violent clash between the tribals opposing land acquisition and the police forces that claimed 14 lives. The tribals were protesting the construction of boundary wall of the Tata Steel’s six million tonne Steel project in the area when they clashed with the security forces. Those killed included 13 tribals and one...