The commerce ministry will announce rules to simplify and rationalize procedures to revive special economic zones, hoping to draw investors to these enclaves once touted as centres of export excellence.  The changes, which will be notified in a week, could include a reduction the minimum-area requirement, easier vacancy and contiguity norms and allowing multi-product SEZs in sector-specific zones.  "There will be reforms and changes in policies pertaining to SEZs mainly to simplify...

Nobel laureate economist Joseph Stiglitz today said he was aware of the problems industry was facing in acquiring land in Bengal and suggested that government role in facilitating acquisition could help reduce the difficulty. “I talked to some people and they said it’s (land acquisition) a problem here,” said Stiglitz, a professor of economics at Columbia University, during an interaction with journalists. The former chief economist at the World Bank expressed his...

-IANS   Five years after a movement that catapulted it into the national spotlight and spelt the beginning of the end of the 34-year Left rule, Nandigram is still counting the losses of the bloody anti-land acquisition movement. Development is at a standstill and many of those who had been at the forefront of the movement and lost their family members say they were used as cannon fodder against the mighty Left, which...

-The Hindu   Rajya Sabha MP and Congress spokesperson Abhishek Singhvi chaired the 30-member parliamentary panel that presented its voluminous report earlier this month on the Lokpal Bill 2011. The report has points of divergence with both the official Lokpal Bill draft and the Team Anna version. (The Union Cabinet on Tuesday night approved a Bill for the creation of the Lokpal with constitutional status that will have no control over the...

Last week's clash near Posco's project site in Odisha is brewing trouble for the South Korean steelmaker and the state government, with legislators demanding a probe into why the main accused in the clash has not been arrested. State legislators on Monday demanded the immediate arrest of Bapi Sarkhel, a Paradip-based contractor alleged to have masterminded Wednesday's clash, which left one dead and 25 injured. "When the police arrested local...