Around 20 people were arrested on Thursday for allegedly trying to obstruct the process of land acquisition for the Rs 52,000 crore Posco steel plant near Paradip. Activists of United Action Committee (UAC), who earlier backed the mega project, were taken into custody as they blocked the entry route to Gada Kujanga opposing land acquisition work, resumed after nine months on Wednesday, police said. "About 20 people were arrested after effort to persuade...
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Punjab, Star of India's Rise, Faces Steep Fall by Amol Sharma and Geeta Anand
TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...
More »Industry out of poll plot by Madhuparna Das
The Tatas pulled out of Singur; the Salims of Indonesia out of Nandigram. What is still ticking is the Jindals’ Rs-35,000-crore, 10-million-tonne steel plant at Salboni. It has the potential to churn out the first industrial success story for whoever captures power in West Bengal after May 13. Along with the steel plant, a 1,000-MW power project to is coming up. At one point, Salboni had appeared to have the makings of...
More »Labour reform slips out of list as India Inc has greater worries by Devika Banerji
Archaic labour laws are not affecting India's manufacturing sector as much as problems related to land, water, licences and clearances, a government panel's study shows. With the findings of the Planning Commission study, changing rigid labour laws, so far suspected to be the main hurdle before the manufacturing sector, is likely to drop on the government's list of priorities. The sector contributes 15% to India's GDP. "Against popular perception, we...
More »China 2010 census shows 1.3 bln population, older and more urban
China's population grew to 1.34 billion by 2010, according to census data, which showed an ageing and more urban population that experts say is likely to spur calls for the "one-child" policy to be relaxed. The census released on Thursday showed the population in China, the world's second biggest economy, grew by 5.84 percent from the 1.27 billion in the last census in 2000 and to a level that was smaller...
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