Orissa will move the Supreme Court against a high court order disapproving its grant of permission to South Korean steel major POSCO to prospect for iron ore in Sundergarh district, an official said on Saturday. A bench of the Orissa High Court July 14 set aside the permission granted to POSCO last year for prospecting iron ore in over 2,500 hectares in the Khandadhar hills in Sundergarh. "We have decided to appeal...

With nearly 60% of the country’s population unbanked and the government pledging to bring banking to the lowest stratum of society, the Indian Institute of Management, Indore (IIMI), has decided to do its bit on financial inclusion. For its annual management summit Ahvan, the institute has decided to unveil a programme called Samanvay, where IIMI students will help underprivileged people in and around the campus open bank accounts and get...

Ten bonded labourers from Orissa, including three women, were rescued from a hollow block unit in Tiruneermalai near Tambaram on Monday. Staff from the office of the Revenue Divisional Officer, Tambaram, rescued them with the help of two non-governmental organisations with police protection on Monday morning. They were brought to Tambaram and handed certificates identifying them as “victims of forced labour” that entitled them to government rehabilitation funds. They were also...

The Centre on Monday cleared for implementation the Rajiv Gandhi Scheme for Empowerment of Adolescent Girls — known as ‘Sabla' — aimed at enhancing their nutritional and economic status. The scheme will be run along with the Integrated Child Development Services (ICDS) project in anganwadi centres in 200 select districts, targeting girls in the age group 11-18. The districts will be selected using a set of indicators and will be a...

The rise in global wheat prices by almost 50% in less than two months as commodity markets factor in a sharp drop in exportable surplus has not touched India, among world’s biggest producers and consumers of wheat. What’s more surprising, domestic futures prices too are unlikely to show any appreciable rise, going by the trend in India’s commodity markets. Barring minor blips, August and September wheat futures at NCDEX, largest exchange for...