Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...

The views of the Union Ministry of Environment and Forest (MoEF) panel on violation of Forest Right Act in the Posco project site area is likely to further dElay the land acquisition process and precipitate the problems for the South Korean steel major which has been facing uphill task in acquiring land for the project due to local protests. The MoEF panel visited the Posco project site villages yesterday and interacted...

The HRD ministry wants the midday meal (MDM) scheme to become a part of the proposed National Food Security Bill. The National Advisory Council (NAC), which is to meet here on Wednesday, has been trying to walk a tightrope between the politically advantageous act that brings in all nutrition schemes under its ambit and the overall foodgrain supply situation across the country. The NAC meeting is expected to see a...

Seeking to build on the strengths of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) while, at the same time, eliminating its main deficiencies and shortcomings, the rural development ministry is planning to take UPA government’s flagship project to a new level. A three-day-long workshop of the coordination group attached to the ministry, as also other principal stakeholders, gets underway at the Hyderabad-based National Institute of Rural Development from...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...