-The Times of India   The Supreme Court on Tuesday agreed that the government had reasons to doubt its verdict laying down auction as the only way of allocating natural resources, in what is seen as an indication of a significant judicial rethink.  "On cancellation of spectrum licences allotted without following a transparent system, there is no doubt about its correctness. But if one reads the judgment to mean that auction must be...

-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...

-The Telegraph Union rural development minister Jairam Ramesh will try to persuade the Centre not to allow any more private mining companies to operate in the mineral-rich Saranda forests, a former Maoist stronghold that is now the focus of a massive rejuvenation plan. If the minister, who toured the West Singhbhum forests yesterday, has his way, at least 20 companies, including steel behemoths like ArcelorMittal, Tata Steel, Jindal Steel & Power Limited...

Scheme meant for the tribals has been hijacked by mining firms, claim activists The construction of 24 fortified police bases in the midst of Saranda, an 800-sq. km. patch of forested hills veined with a quarter of India's iron ore reserves, has sparked concerns among political activists who believe that a development plan intended for tribals in Jharkhand has been hijacked by mining corporations. In October last year, Union Minister for Rural...

Former Karnataka chief ministers H D Kumaraswamy and Dharam Singh could be next to face corruption charges, threatening to complete the political triangle over graft in the state with BJP's B S Yeddyurappa already facing a probe for illegality in grant of Mining Leases and land scams. The Lok Sabha secretariat has turned down a request from a private individual seeking sanction for prosecution against former PM H D Deve Gowda's...