ENVIRONMENT MINISTER DISREGARDS FINDINGS OF HIS OWN REVIEW AND STATUTORY CLEARANCES COMMITTEES The following is the statement issued to the press by Abhay Sahoo, President of the POSCO Pratirodh Sangram Samiti (PPSS), and Prashant Paikeay, the PPSS spokesperson, on January 31, 2010. The decision of Environment Minister Jairam Ramesh to give a comprehensive okay to the POSCO India Steel Power Production-Captive Port project, based on some additional conditions, is nothing short of...

The government put out a promised new price index on Friday that will capture changes in prices of goods and services sold at the retail level, helping the government and the central bank get a better grip on policy tools while tackling inflation. Central banks world over rely on retail prices while framing monetary policy, but the Reserve Bank of India has had to consider mostly the wholesale price index...

Surinder Mahato is a worried man. A small farmer on the outskirts of Bihar's capital Patna, he laboured throughout last year's drought to ensure that his farm's output of rice was not affected. But he now stares in distress at the stacks of paddy lying in his hut. 'I am waiting to sell my crop, but due to the government negligence, I am forced to sell at throwaway prices to local...

While inflation has been hitting people hard across the country, the rate of price rise has been the most in Kerala, Orissa and Meghalaya, as per government data released today.     In all three states, the consumer price index (CPI) overall stood at 108 in January from a base of 100 in 2010, suggesting inflation of 8 per cent. Incidentally, even richer states like Maharashtra, Gujarat, Haryana, Delhi and Punjab reported a...

Even as everyone is celebrating the bounce in the economy with a return to 8.5 per cent growth, the jury is out on the accuracy of the agricultural output numbers. The impressive 5.4 per cent agricultural growth rate number is suspect if one looks at recent trends in farm productivity and output. The agriculture ministry anticipates foodgrain output to grow by 6.4 per cent to 232 million tonnes in 2010-11....