Power fluid leaks, profuslly!!!!!!

Hi Sugatits (interesting name)
I'd start by checking the fluid level in the power steering reservoir.
Look for the source of a leak if it is low. Then repair.
The alternator or fuses should have nothing to do with this problem.
Cheers, and thanks for the smile.

check fluid levels specialy the power streering if its alternator your charge light should be on also check waterpump make sure there is no play in water pump pully or any leaks

THE PRESSURE HOSE IS LEAKING ,IT HAS A HOLD IN IT SOME TO PUMP AND POWER STEERING RESOVIOR WHERE YOU PUT THE FLUID IN FOR THE POWER STREERING PUMP

Your power streering works with a hydaulic pump driven by the engine belt, check the belt and pump.
Your power brakes works using engine vacuum, check for vaccum leaks from tubes that come form the engine intake plenum.

Yes , power steering fluid will smoke if it gets on a hot engine, especially on any part of the exhaust system. Barring anything else wrong with the engine such as a coolant leak, and the engine running OK otherwise, I would say that the smoke is from power steering fluid dripping or getting blown on the exhaust by the fan.

You have a leak, find it, fill the power steering and brake fluid resevoirs to the top, check after a day, 2 days, 5 days, a week etc whichever one goes down you know the leaking system. Find the leak, fix it or pay someone to fix it.

you have a leak try using lucas power streering stops leaks products
it works in my 97 sebring.

It could be either of 2 things, the Pressure hose coming from your Power steering container (Holding your power streering fluid, or your return Line. the power steering pressure hose costs any where from $35-$60 dollars and is a pain in the **** to do your self on a malibu. the return line is a length of hose that is cut for you, costs anywhere from $3 -$12 - this is also a pain in the ****, due to the limited amount of room to work with and as well as the power steering fluid leaking on you. Your bet bet is to fix it yourself, cause they will cost you alot to take it in for repair unless you got the cash. Always remember to Block (tires) your vehicle anytime you are working underneathe it for safety reasons and to have someone watching you just in case ;)
Hope this was helpful

u might need a power streering pump or a new line i have to replace my line there like 30 but the pump is like 110 its not to bad though

I ASSUME IT IS THE POWER STEERING PUMP YOU REFER TO GRIP THE PULLEY ON THE PUMP ENGINE OFF OF COURSE WIGGLE BACK AND FORTH SEE IF ANY LOST MOTION AROUND SHAFT IF SO REPLACE PUMP IF NOT DRY OFF ALL FITTING WITH DRY RAGS REFILL PUMP IF NEEDS FLUID ,RESTART CAR AND SEE IF YOU CAN DETERMINE WHERE LEAK IS COMING FROM , CAUTION IF YOU HAVE LOST MOTION AROUND SHAFT REPAIR @ IMMEDIATELY OR YOU STAND THE RISK OF DAMAGE TO MANY OTHER ITEMS IF IT GIVE IT UP