-The Telegraph   The Comptroller and Auditor General (CAG) has slammed the petroleum ministry for failing to take back 25 per cent of the acreage of the KG-D6 oil and gas block off the Andhra coast from Reliance Industries after it reneged on its drilling obligations. The long-awaited report from the CAG based on a detailed performance audit of the country’s hydrocarbon production sharing contracts was tabled in Parliament today. The nation’s auditor surprisingly...

-The Economic Times   The government has defended its new land acquisition bill as industry-friendly, refuting criticism that provisions contained in the legislation were retrograde and would push up costs for state-run and private companies. Industry groups had slammed the new Land Acquisition, Rehabilitation and Resettlement Bill (LARR) 2011, cleared by the cabinet earlier this week and tabled in parliament on Wednesday, saying it was "burdensome" and "anti-development". But Rural Development Minister...

The Congress-led United Progressive Alliance (UPA) government on Wednesday introduced the politically crucial land acquisition Bill in the Lok Sabha, less than two months after the ministry of rural development began drafting it. The National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, aims to address rehabilitation and resettlement (R&R) by providing safeguards for both landowners and livelihood losers while clearly defining the “public purpose” for which land can be acquired...

-IANS   Rural Development Minister Jairam Ramesh on Wednesday said the draft land acquisition bill is a "political bill which strikes a balance between social benefit and economic growth" and gave the "entire credit" for it to Congress general secretary Rahul Gandhi. Referring to the recent agitations over land acquisition in parts of Uttar Pradesh, Ramesh said Rahul Gandhi made "key contributions" in the draft Land Acquisition and Rehabilitation and Resettlement Bill,...

Vidarbha Civil Society Collective and Vidarbha Jan Andolan Samiti (VJAS) have raised strong objections to provisions in the National Land Acquisition, Resettlement and Rehabilitation Bill 2011 tabled in Parliament on Wednesday. They demanded that the Bill be redrafted to safeguard interests of the dryland farmers and other landowners. "The Bill has ignored all suggestions made by the civil society and farmer advocacy groups. A month ago the rural development minister Jairam...