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Posco's Planned $12 Billion Indian Steel Plant in Doubt After Panel Report by Abhijit Roy Chowdhury and Abhishek Shanker

Posco’s proposed $12 billion steel plant in India is in doubt after a government panel recommended scrapping environment clearances given to the world’s third largest steelmaker. Three of the four members of the panel suggested that approvals should be canceled because of “flaws in the studies, and shortcomings in the clearances granted” to the project in the eastern state of Orissa, Environment Minister Jairam Ramesh told reporters yesterday in New Delhi....

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Court rejects plea to make property a fundamental right by J Venkatesan

The Supreme Court has dismissed a public interest litigation petition seeking a direction to make ‘right to property' a fundamental right under the Constitution. Though the ‘right to property' was deleted by the 44 {+t} {+h} Constitution Amendment in 1978, it was challenged only in 2007 in the context of acquisition of large extents of land for Special Economic Zones, and the court issued notice to the Centre. It was contended in...

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Smart cards for NREGA, pension beneficiaries

As part of its financial outreach programme in tune with national priority, city-based private sector Karnataka Bank LIMited is all set to launch KBL-Empower Biometric smart card  at Babbur in Hiriyur taluk of Chitradurga district on Wednesday. P Jayarama Bhat, managing director of the Bank, will launch the card in the presence of Range Gowda, CEO, Chitradurga ZP who will distribute the card to the beneficiaries. With this, the bank is...

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The Real Concern by Ashok V Desai

A patent is an artificial property right; it is created by the government, and would not exist if there were no government or if it did not grant patents. It is then for the government to decide whether to grant a patent or not. But a government would not normally make the decision arbitrarily; it would follow some rules. The rules universally followed are novelty, non-obviousness and commercial value. A...

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Madhya Pradesh village gets electricity 63 years after independence

Nearly 63 years after Independence, a village situated on a hillock near Indore, got its first ever electricity connection. Koparwel, a tiny village with 20 households, broke into jubilation with the lighting of a bulb in one of its huts this Friday. Ambaram is the first villager to get the electricity connection. No sooner was his house brightened by a CFL bulb, villagers worshipped the instrument, distributed "prasad" and burst firecrackers. "It is a...

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