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HDFC Asset Management Company standalone net profit declines 9.54% in the March 2020 quarter

Sales decline 2.13% to Rs 476.13 crore




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Batra gets extension as FIH President after world's body's Congress postponed to May next year

Indian Olympic Association President Narinder Batra's tenure as the chief of the International Hockey Federation (FIH) has been extended till May next year after its annual congress was postponed due to the COVID-19 pandemic. The decision to postpone the Congress, which was earlier scheduled to begin in New Delhi on October 28, was taken at an online meeting of the FIH Executive Board on Friday. "I'm looking forward to the numerous tournaments and competitions ahead of us, which we are preparing with full dedication and passion with all National Associations involved," Batra said. The exact date of the postponed congress will be confirmed as soon as possible, the FIH said in a statement. "This decision, made due to the current uncertainties following the global COVID-19 pandemic, is based on Art. 12.1 of the FIH Statutes, covering cases of force majeure," it added. The postponement means the tenures of all the current FIH office-bearers get extension until next year's ...




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Would love to direct one day: Elle Fanning

Actor Elle Fanning says she would love to pursue direction if she gets a good story. The actor said she "badly" wants to go behind the camera. "It's something that I do want to do badly. You've just got to find the right story. What is it that you want to tell? Is it going to be personal? Is it not? Are you going to write it? Are you not? A lot of big questions. I will for sure one day," Fanning said in an interview with Variety. She will next be seen as Catherine the Great in Hulu's 10-part satirical comedy series "The Great", which debuts on May 15. Fanning is also looking forward to The Nightingale, which also features her sister Dakota. The film, directed by actor Melanie Laurent, was scheduled to release in December but has been postponed by a year due to coronavirus pandemic.




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Caterina Scorsone, husband Rob Giles split after 10 years of marriage

"Grey's Anatomy" star Caterina Scorsone and her musician husband Rob Giles have decided to part ways after 10 years of marriage. According to People magazine, Scorsone and Giles have decided to co-parent their three daughters: Eliza, seven, Paloma "Pippa" Michaela, three, and Arwen, who was born in December. "Caterina and Rob have separated. They remain friends and are committed to co-parenting their children in a spirit of love," the duo's representative said in a statement. The actor, known for playing Amelia Shepherd on Grey's Anatomy, tied the knot with Giles in 2009.




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Ricciardo braced for 'chaos' when Formula One starts

Australia's Daniel Ricciardo anticipates "chaos", "rust" and "adrenaline" should the 2020 Formula One season start at last. The global spread of the coronavirus has already led to 10 races, of what was to have been a record 22-event championship, being either cancelled or postponed. Officials at the FIA, motorsport's world governing body, are hoping to launch the season behind closed doors in Austria on July 5. "(It will be) some form of chaos, hopefully in a controlled manner," the Renault driver told BBC Radio Five Live. "I am not really referencing cars everywhere. But there is going to be so much rust, a combination of emotion, excitement, eagerness." Ricciardo, waiting out the crisis on his farm near Perth, Western Australia, believes a dramatic season-opener is in prospect at the Red Bull Ring. "Everyone is going to be ready to go," he said. "You are going to get some guys who perform on that level of adrenaline and others who might not. "So you're going to get some bold ...




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Entire family to be home-quarantined if one breaches seclusion rulesdharam

Anyone home-quarantined for suspected coronavirus infection but found breaching the seclusion rules will invite home confinement for all his family members, the Kangra police warned on Friday. Kangras Senior Superintendent of Police Vimukt Ranjan said the new provisions have been made on Friday. As per the fresh orders issued today, any person who has come to the district from other districts of Himachal Predesh or other states of India and placed on home quarantine for 28 days from the date of his entry in district Kangra will be shall be dealt more strictly for its violations, said Ranjan He added that if a home-quarantined person with his other family members not confined along with him is found violating the seclusion rules, in any form, then his entire family members would be put in home0confinement along with him, he said. In Himachal around 90,000 persons returned home from other states on passes issued by state government in the past one week and another 20,000 plus are ...




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C'garh: 4 Naxals, one police official killed in encounter

Four Naxals, including two women, and a police official were killed in an exchange of fire in Rajnandgaon district of Chhattisgarh, police said on Saturday. The incident took place on Friday night at Pardhauni village under Manpur police station limits, located over 150 kms from here, when a team of security forces was out on a counter-insurgency operation, Inspector General of Police (Durg range) Vivekanand Sinha said. Acting on a tip-off about the presence of ultras in the village, security forces had launched the operation. "When the patrolling team was cordoning off the area, Naxals suddenly came out of the village and the encounter broke out between the two sides," he said. "Police Sub Inspector (SI) S K Sharma, who was posted as the Station House Officer at Madanwada police station, lost his life in the gunfight," the IG said. Bodies of the four Naxals were recovered from the spot along with an AK47 rifle, an SLR rifle and two 315 bore rifles, he said. Reinforcement .




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Lockdown 3.0: Tecno launches doorstep smartphone delivery with over 35,000 retailers

Smartphone maker Tecno on Saturday said it has launched an initiative to offer customers the option to book their smartphones online and get the handset delivered by neighbourhood retail stores. Also, the Transsion Group company said it will resume operations at its Noida factory in accordance with the government regulations. The new model will help Tecno's network of 35,000 offline retailers revive their businesses and empower consumers to select the product of their choice from the safety of their homes, a statement said. Consumers can reach out to their preferred retailers via Tecno's website and enter their PIN code details. The microsite with a store locator will assist in mapping the retailer and the contact details, and the device will be delivered to their doorsteps by their nearest retailer, it added. "Tecno's unique initiative will enable its consumers to connect and place order with their preferred retailers as per the zoning guidelines of the government from the comfort of




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Adani Transmission Q4 net down 60 pc at Rs 59 cr on one-time writeoff

Adani Transmission on Saturday reported a 60 per cent drop in consolidated net profit at Rs 58.97 crore for the March quarter. The fall was mainly on account of a one-time writeoff of Rs 185 crore finance sunk cost, it said in a regulatory filing. The company's consolidated net profit stood at Rs 146.7 crore in the quarter ended March 31, 2019. Total income of the company rose to Rs 3,317.51 crore in the quarter under review from Rs 2,569.16 crore in the year ago period. For full fiscal 2019-20, consolidated net profit rose to Rs 706.49 crore, from Rs 559.20 crore in 2018-19.




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Pvt mobile phones restored in Kashmir; situation remains calm

Private cell phone operators resumed their services but mobile Internet continued to remain suspended on Saturday in the Kashmir valley, a move taken as a precautionary step after the killing of self-styled local chief of banned Hizbul Mujahdieen, Reyaz Naikoo, earlier this week. The situation in the valley, which has been witnessing lockdown since the third week of March due to COVID-19 pandemic, was generally calm barring a few local protests in some villages of Pulwama in south Kashmir. Seeing an improvement of the situation after Naikoo was killed in an encounter with security forces on Wednesday, the authorities allowed private telecom operators to resume their services from Friday night but asked them to keep Internet connection barred. Restrictions had been imposed in the valley after the death of Naikoo and additional paramilitary forces were deployed at vulnerable points to prevent any mischief or stone pelting. SMS services have been snapped across all telecom operators till




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Satyanshu Singh starts online classes to raise money for COVID-19 relief

Filmmaker Satyanshu Singh has launched a unique initiative to raise relief money for those affected by the coronavirus pandemic. The director has started online classes for budding cinema students and has roped artistes from different fields of filmmaking for the initiative. Actor Vinay Pathak, screenwriters Anjum Rajabali and Sudip Sharma, cinematographer Siddharth Diwan and director Shoojit Sircar have come aboard the initiative. Since April 1, more than a dozen lectures have been conducted with students from cities like Bokaro, Kota, Bhilai, Almora, and Coimbatore taking part in them. Overseas students have also showed interest in the lectures. Through the initiative, Satyanshu has so far raised Rs 15 lakhs which has been donated to non-for-profit organisations like Milaap, Goonj, Sarvahitey, and Sneha, providing food and support to out-of-work labourers, women and children in slums, and the homeless. The daily wage workers from the film industry are also benefitting from this ...




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One more person tests COVID-19 positive in Meghalaya, total 13

One more person has tested positive for COVID-19 in Meghalaya, taking the total number of cases in the state to 13, Chief Minister Conrad K Sangma said on Saturday. Of the total 13 COVID-19 cases, only two are active including the fresh case in Shillong. "Unfortunately we have another positive case in Shillong. Its a person working in the same house. As a precaution health department was retesting all the primary contacts and in the process we found this positive case. The person is safe and healthy and showing no symptoms," the chief minister tweeted. Senior Health department officials said the person had tested negative twice in the past. Meghalaya has reported 13 COVID-19 cases till date with one death. Ten persons have recovered from the disease. The first COVID-19 positive case in the state was Dr John Sailo Ryntathiang, who tested positive on April 13. The 69-year-old doctor died two days later and eight of his family members and two of his domestic help have also ..




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COVID-19: HC extends by 45 days interim bail of 2,177 under-trial prisoners

The Delhi High Court on Saturday extended the interim bail of 2,177 under-trial prisoners by 45 days to de-congest jails in the wake of the coronavirus pandemic. A bench of Justices Siddharth Mridul and Talwant Singh passed the order in view of a high-power committee's recommendation that it would be dangerous to put the prisoners back in jail as the risk still remains high. The committee, headed by Justice Hima Kohli, on May 5 opined that since there was a paucity of space in jail premises to create sufficient number of isolation wards for the prisoners returning after expiry of their interim bail, the relief should be extended by another 45 days. During the hearing, Delhi government standing counsel Rahul Mehra and advocate Chaitanya Gosain, appearing for the prison authorities, said they have no objection to the extension of bail. "Accordingly, it is ordered that the interim bails for a period of 45 days granted to 2,177 UTPs, in view of the recommendations of HPC...are hereby ...




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Karnataka govt conditionally permits garment units to operate in red zones

The Karnataka government has allowed garment units in red zone districts, but outside containment zones, to resume operations with one third of the workforce. Chief Secretary T M Vijay Bhaskar in the May 8 order, said all recognised garment factories having an Importer- Exporter Code (IEC) and those registered with the Apparel Export Promotion Council (AEPC) can start operations with one third of the total workforce in red zone districts, but outside containment zones. It said the permission is subject to following of the Standard Operating Procedures. Currently Bengaluru urban, Bengaluru rural and Mysuru are the red zone districts in the state. The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state. During the earlier phases of lockdown, only those garments involved in the manufacture of Personal Protective Equipment (PPE) kits for front line COVID ...




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Evaluation for class 10, 12 board exams to be done at home by teachers

The evaluation for class 10, 12 board exams will be done by teachers at their homes and 3,000 schools have been identified as exam centres to deliver the answer sheets to them, Union HRD Minister Ramesh Pokhriyal 'Nishank' said on Saturday. He said 1.5 crore answer sheets of already conducted class 10, 12 exams will be delivered to teachers. "From the 3,000 schools, these copies will go the evaluators and evaluation will begin tomorrow. Teachers will evaluate from home and we will be able to complete the process in 50 days," he added. The evaluation of the answer sheets has been delayed due to a nationwide lockdown imposed to contain the coronavirus outbreak. The pending board exams will be held from July 1 to 15.




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Couple held for snatching mobile phones in Delhi

Police have arrested a couple for allegedly snatching mobile phones from people in central Delhi, officials said on Saturday. Following reports about a couple on white scooter snatching mobile phones, Arjun (22) and Vaishali Kaushal (20) were arrested near Railway Colony, Kishanganj, they said. The woman riding pillion on the scooter used to snatch the mobile phones from people, a senior police officer said. Arjun had been involved in 31 cases. Three months ago, he married Vaishali, a tattoo artist, and both are addicted to drugs, police said. Vaishali had also allegedly snatched the mobile phone of a jewellery showroom security guard in Karol Bagh, they added.




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Mizoram becomes coronavirus-free with recovery of lone patient

Mizoram became coronavirus-free with the discharge of the lone COVID-19 patient from a hospital on Saturday, officials said. It now shares a similar status with four other northeastern states -- Manipur, Sikkim, Nagaland and Arunachal Pradesh. Mizoram Health Minister Dr R Lalthangliana said the state's lone COVID-19 patient, a pastor, was discharged from Zoram Medical College (ZMC) on Saturday afternoon after 45 days of intense treatment. He was discharged from the hospital after four consecutive tests turned negative, the minister said. The pastor, who is in his early 50s and working under the Baptist Church of Mizoram, returned to the state from Amsterdam on March 16. He was pursuing higher study in theology in the Netherlands capital. He tested positive for novel coronavirus on March 24 and was admitted at ZMC along with his wife and two children. The pastor's wife and children were discharged from the medical college on March 28 after they tested negative for COVID-19. The state ..




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The One with Nicole Kidman

Directed by Barbara Anastacio




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Should Homeowners Ban Drones Over Their Property?

The increased use of personal and commercial drones is raising questions about where they should be permitted to fly, and who should make that decision. The FAA estimates drone sales will reach 7 million by 2020. Photo: John Weber for The Wall Street Journal




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Green talk alone doesn’t suffice


Can Jairam Ramesh, who was the Minister of State for Power during his last tenure, suffer a change of heart suddenly and come down heavily on non-compliance by those power projects he once presided over? Himanshu Upadhyaya has more.




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Should India tone down its moralistic stance in Paris climate talks?


Could India’s inflexible and rather aggressive attitude in global climate negotiations jeopardise its domestic mitigation of the real threats from climate change? Darryl D’Monte summarises the key take-aways from a TISS conference that dwelled upon this and related issues.




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How non-compliance is condoned: A short story


Evidence of violation of environment regulation by the Adani group in their Mundra Port and SEZ Ltd and the Waterfront Development Project have been found. Kanchi Kohli reports on why both the projects are still moving ahead.




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More money for more dust


Harapriya Nayak and Santosh Dora share their experience of working with the tribals of a small village in Odisha, who were suffering because of heavy mining happening in their area and how they brought about a change.




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Easing building regulations | What is really driving India’s Pakistan strategy? | One year of the Modi government


In this edition we look at the implications of the recent amendent to the Coastal Regulation Zone (CRZ), the performance of the present government which completed one year in the office, the poor menstrual hygiene effecting our older school-going girls, the sad state of sanitary conditions in the slums of Assam, how Muslim women are stepping out to set up businesses in Kashmir while in Uttar Pradesh they suffer as their husbands are being branded a terrorist, the review of Harsh Mander's latest book, and much more.




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"I need my land, not money."


Deprived of their lands, unable to find any kind of work, the female sharecroppers of Singur are today looking at bleak days ahead. Government compensation may come, but it may be too little and a poor substitute for a life-sustaining livelihood. Aparna Pallavi has more.




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A committee to exonerate industry?


The recommendations of the committee constituted to look into the claims of endosulfan victims in Kasargod and decide on the need to set up a tribunal to settle those, appear to be largely sympathetic towards the Plantation Corporation and endosulfan manufacturers. P N Venugopal reports.




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Srirangapatna: Through prisoners' eyes


Poornima Dasharathi travels back in time to bring alive the adventures, sights and sounds in the erstwhile kingdom of Mysore under Haidar Ali and Tipu Sultan, as recounted in the memoirs of two English prisoners of war.




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Honest is, as honest does


Integrity, in the job of the Prime Minister, demands putting national interest above partisan politics and personal loyalties. By that standard Manmohan Singh can't be called a "man of integirty", writes Madhu Purnima Kishwar.




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One year of the Modi government: Between the cup and the lip


The present government completed one year in the office in May this year. It came to power by promising to bring achhe din for the Indians, who were frustrated with high inflation, corruption and policy paralysis during the last government. Pradeep Baisakh objectively analyses the performance of the Modi government in its first year.




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Throwing good money after bad


Shripad Dharmadhikary critically examines the proposed push for hydro power projects in the recently released Draft National Energy Policy for public comments by NITI Aayog.




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One year of unfreedom


A year after the right to information became a reality, a reluctant government and its indifferent officials are finding it too burdensome to carry it forward. So, attempts are on to find sideways and steer clear of it except in Bihar, where RTI complaints are being taken over phone, says Arvind Kejriwal.




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Apply to be an Information Commissioner


Civil society candidates should be eligible for appointment to key RTI posts in the States and the Centre. We must apply for such jobs, and help improve the system, writes Krishnaraj Rao.




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Eileen Fisher on the Problems Money Can't Solve

Fashion designer Eileen Fisher tells WSJ's Veronica Dagher how she discovered that money isn't the answer to all of life's problems, why she's committed to sustainable fashion and what motivates her to meditate on death.




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Ghosn: ‘Nissan Owes Me a Lot of Money’

In an interview with WSJ’s Nick Kostov, Carlos Ghosn said he regrets not seizing a 2009 opportunity to work in the U.S., where he wouldn’t have been “crucified” for his pay. The former auto executive recently escaped Japan, where he faces charges of financial wrongdoing. Photo: Jacob Russell for The Wall Street Journal




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What the Postponement of the Olympics Means for Athletes

The global spread of coronavirus has led to officials postponing the 2020 Tokyo Olympic Games. For athletes, the delay evokes mixed emotions. WSJ spoke to five athletes from around the globe to understand what the postponement means to them. Photo composite by George Downs




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Uber Brings Motorcycle Hailing Service to Indonesia

Uber Technologies Inc. this week brought its motorcycle-taxi hailing service to Indonesia, where it will face strong competition from similar apps as startups battle for users in Southeast Asia's biggest economy.





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The Future of the Eurozone

Renault-Nissan Alliance CEO Carlos Ghosn talks with WSJ Deputy Managing Editor Alan Murray about Europe's debt crisis, its effect on the future Eurozone economy, and the ramifications for the auto industry in this excerpt from Tuesday's Viewpoints conversation.




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Barry Ritholtz: How ETFs Help You Make Money

Barron's Jack Otter talks to Barry Ritholtz about how exchange traded funds have helped investors by bringing costs down. Also, what to avoid in the ETF space.




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One ETF for a High-Momentum Market

Sharon French, head of Beta Solutions at Oppenheimer funds, explains factor investing, and what's working now.




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'Rahul should thank his mother for letting him go alone'

'She did not push him nor did she push the party in his direction. If she had declared him a leader, that would have been her biggest mistake. She did not do that,' says political thinker Sanjay Kumar.




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Big money seeks common man's blessing


It was once hoped that curbing election expenses would keep the process fairer. Today, the opposite is true, and neither the UPA nor the NDA wants to disturb this comfortable arrangement. Kannan Kasturi reports.




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Not just one party or the other!


Mainstream media may play up the parliamentary contest as a battle of Goliaths, but statistical analysis reveals the true diversity in the Indian party system and the inevitability of coalitions. Srinivasan Ramani brings us the real picture.




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DIY Drones Take on Silicon Valley

Amateur drone makers are sending their do-it-yourself creations up into the skies of Silicon Valley. WSJ's Andy Jordan reports from San Francisco on the stunning footage they're capturing.




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Apple iPhone 5 Circus

Outside the Yerba Buena Center in San Francisco, WSJ's Andy Jordan takes a look at the modern, yet "ancient" customs of the Apple iPhone circus of official iPhone announcments, and takes a look at the features of the new iPhone 5.




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Can’t Unlock Your iPhone’s Face ID with a Mask On? There’s a Mask For That

The coronavirus pandemic means we must wear masks. It also means unlocking an iPhone with Face ID is a challenge. WSJ’s Joanna Stern tracked down a woman who created a mask to get around it.




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Dying Alone From Coronavirus: A Family's Last Goodbye

Keiko Neutz, 87, died of Covid-19 in March. Her family wasn't able to be by her side, so they said goodbye through a series of video chats. Photos: Neutz family




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iPhone SE Review: The $399 iPhone Comes Back to Life

The new iPhone SE may seem like a sad, recycled phone but it's more than that. WSJ's Joanna Stern (with the help of an animator) brought the budget phone to life to explain how its performance and camera tricks make it a worthy option—even compared to its expensive, bigger iPhone 11 siblings.




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AP coastal crisis leaves fishermen marooned


Moneylender troubles, a fast depleting catch due to reckless pollution, and displacement: it has been raining blow after blow on fisherfolk in Andhra Pradesh recently. Will a meeting with a cabinet minister fix things? Keya Acharya reports.




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Unreasoned push for large storage projects


The central government prefers that large multipurpose storage projects are not converted into run of the river hydro-electric schemes by the states. Not stopping there, at a meeting last year, top officials of the water and power ministries made it clear that they wanted their preference to be binding on all the states. Himanshu Thakkar has more.