Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...
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New mining law unlikely before next year as Bill heads for closer look by Aman Malik, Liz Mathew & Ruchira Singh
The Mines and Minerals (Development and Regulation) (MMDR) Bill, which seeks to replace a decades-old mining law, was introduced in the Lok Sabha on Monday, but may become law only by next year as a parliamentary committee is now expected to examine it over the next few months, a mines ministry official said. “The standing committee will be looking at the Bill. They might take two-three months to examine it,” said...
More »The Aadhaar-NPR conundrum
-Live Mint The news that a parliamentary committee has rejected its proposed Bill must come as a jolt to the Unique Identification Authority of India (UIDAI). Reports say that the committee was concerned about duplication with the National Population Register (NPR), the technology, data protection, and the cost. This comes closely on the heels of the home ministry’s contention that UIDAI does not meet the “degree of assurance” required for NPR,...
More »Lokpal bill: Mayawati rejects draft in present form by Ashish Tripathi
Two days after major opposition parties extended their support to the demand for a strong Lokpal (ombudsman) as proposed by the anti-graft crusader Anna Hazare during his one day fast at Jantar Mantar, Uttar Pradesh (UP) chief minister and Bahujan Samaj Party (BSP) supremo Mayawati also offered her conditional endorsement. Mayawati on Tuesday rejected the Parliamentary Standing committee's report on Lokpal bill. She described the Lokpal report drafted by the committee...
More »New mines bill introduced in Lok Sabha by Liz Mathew and Ruchira Singh
The most-debated aspect of the bill is its recommendation for substantial payouts to people living in mining areas, including a profit-sharing clause that seeks to have companies pay out 26% of their net profit The Mines and Minerals (Development and Regulation) (MMDR) bill, which seeks to replace a decades-old mining law, has been introduced in the Lok Sabha, an official in Parliament said on Monday. The government has drafted the new bill...
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