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...
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Prescription For Trouble by Arindam Mukherjee
Mulling It Over 100% FDI allowed in pharma sector through automatic route Seven top Indian firms have been acquired by MNCs in the past six years Fear of price rise in generic medicines if MNCs control market Health, commerce ministries want FDI to go through approvals PMO meeting key ministries next month to take a decision *** Prime Minister Manmohan Singh has always been firm in reminding domestic industry that their fear...
More »India Inc balks at Land Acquisition Bill
-The Indian Express Unfinished car shells rusting in a deserted factory in India's West Bengal state lie testimony to flaws in a century-old land-acquisition law the government now wants to replace. * Jobs, housing, cash to landowners made mandatory * Costs, project delays to increase - Indian corporates react * Bill to push up costs by 350 pct for big plots - analysts, cos * Bill likely to be passed in December Tata Motors was forced...
More »Land rush and sustainable food security by MS Swaminathan
Managing our soil and water resources in a sustainable and equitable manner needs a new political vision, which can be expressed through the proposed Land Acquisition Bill and the recently formed Global Soil Partnership. On the basis of a proposal I had made three years ago, the Food and Agriculture Organisation (FAO) launched a Global Soil Partnership for Food Security and Climate Change Adaptation and Mitigation at a multi-stakeholder conference, held...
More »Address supply side on food: World Bank
-The Business Standard Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...
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