Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. Even as the trial in the 2G case progresses in a Patiala House trial court in Delhi, a bench of Justices G S Singhvi and A K Ganguly held...

Chief minister Naveen Patnaik today slammed the Centre’s move to allow 51 per cent foreign direct investment (FDI) in the retail sector by demanding immediate scrapping of the UPA’s “ill advised and regressive” retail policy. “In our considered view, this policy is ill-advised and highly regressive. I would, therefore, earnestly request you to reconsider the matter and withdraw this policy immediately,” said Naveen in a letter to Prime Minister Manmohan Singh. Apart...

In March this year, the Central Bureau of Investigation (CBI) raided the houses and businesses of a few top industrialists in Dhanbad, Jharkhand, home to one of the subsidiaries of India's biggest coal miner, Coal India (CIL). Dhanbad is more widely known in popular imagination as home of the infamous 'coal mafia', which spread a reign of terror across the coal mining districts of the then undivided Bihar in the...

Less than two years after splitting coal mining zones into ‘go and no-go’ — a move that has stalled almost every big-ticket coal mining project in India — the government is scrapping the policy. The Ministry of Environment and Forest (MoEF), which had framed the policy guidelines along with the Ministry of Coal, on Tuesday accepted that the categorisation of ‘go and no-go’ did not have any legal sanctity. The move was...

West Bengal on Wednesday finalized a new land policy under which it will seize industrial land not used for five years. If the land had been acquired from farmers, the government will redistribute it among original owners, the new policy says, expanding the scope for returning farm land taken over for industrial use. Though cleared by the state cabinet on Wednesday, the new land policy wasn’t formally announced in view of two...