It approves 26 per cent share in profits for local people The draft bill proposes setting up of a fund to pay beneficiaries Final legislation likely to be introduced in the winter session of Parliament The Group of Ministers (GoM), headed by Union Finance Minister Pranab Mukherjee, on Friday approved the new Mining Draft Bill, including the provision that mining companies share 26 per cent of profits with local people affected by their...

As India rapidly industrialises, the government and private firms are seeking large tracts of farm land to build factories, power plants and highways, sparking off violent protests by farmers and others. Here are some questions and answers on the issue: WHY IS LAND A BIG ISSUE? For many Indians, land is the only asset or social security that they possess and is a mark of social standing. Nearly 60 percent of India's 1.2...

Jagdishji Vaghela is one of hundreds of thousands of farmers standing in the way of India's breakneck economic expansion. Determined not to give up his land for an industrial park in the western state of Gujarat, the 55-year-old farmer scorns at talk of how the benefits of industrialization in Asia's third-largest economy will trickle down to people like him. Despite a nearby plant producing what is touted as the world's cheapest car,...

Mayawati's quick reflexes after the setback over land acquisition in Aligarh has put Congress in a spot, with the Centre fearing it may be dubbed the villain for farmers' woes if it does not prevail upon Trinamool Congress to relent on the bills for Land Acquisition amendment and R&R. After Uttar Pradesh brought its liberal Resettlement and Rehabilitation policy to win over farmers riled by "low land rates" for Yamuna...

Mamata Banerjee today told Congress leader Pranab Mukherjee over the phone that she wanted the amended land acquisition act to be sent to a standing committee, a move that will effectively delay its tabling till the Bengal elections are over next year. The Congress wants to table the bill in the winter session. “Given the sensitivity attached to land acquisition in Bengal, we don’t want to take any risk during the Assembly...