The draft Mines and Minerals (Development and Regulation) Amendment Bill, or MMDR Bill, includes a crucial provision to share the wealth of mining — 26 per cent of the annual profits — with people who live near the projects. But industry wants this profit-sharing clause dropped. The Federation of Indian Mineral Industries (Fimi) says it will breed lazy people, who will only drink and beat up their women. The Confederation...

Some good news awaits the agriculture sector in Bihar. Around 150 potential investors from all over the country met in Patna today, with an aim to invest in the untapped food-processing sector in state. The motive behind the summit was to plan investments in the food-processing sector by boosting the market and database intelligence system. Enhancing crop productivity to ensure availability of the raw material required for the industry and promotion...

When former Karnataka Lokayukta N Santosh Hegde recently said that vested interests were controlling the mining industry, he was not exaggerating, considering that India registered over 182,000 cases of illegal mining across 17 states in the last five years alone. The Union government data show that Andhra Pradesh — the single largest contributor to the country’s mineral production of roughly Rs 1,28,000 crore — alone registered a 110 per cent increase...

The Centre is planning to give a 26 per cent share in mining profits to tribal people and to set up a regulatory body to check illegal mining, Union Minister of Mines B.K. Handique informed the Rajya Sabha on Monday. The draft of the Mines and Minerals (Development and Regulation) Bill — prepared on the basis of the policy directions set forth in the 2008 National Mineral Policy and the recommendations...

The 2010 Seeds Bill that has been introduced in Parliament does address some of the major concerns in the aborted 2004 version, but strangely a number of important correctives – on regulation, consistency and punishment – that had been incorporated in the 2008 version (which lapsed in 2009) have now been modified or dropped altogether. What forces are pushing the government to act against the interests of India’s farmers? The third...