Mining firms have criticised the Indian government's decision to make them pay more tax to help develop tribal areas affected by the Maoist uprising. Various trade associations have denounced the bill, under which firms will pay upto 26% extra tax on Profits. The new legislation is to be introduced during the new parliamentary session which started on Monday. Maoist rebels say they are fighting for the rights of indigenous tribal people and the...

Reputable foreign institutions may not come to India if a provision in a proposed law preventing them from taking back surplus from education activities is retained, a parliamentary panel has said. The Foreign Educational Institutions (Entry and Operations) Bill prescribes a time-bound format for granting foreign universities approvals but bars them from repatriating Profits. The bill was introduced in the Lok Sabha on May 3, 2010, and referred to the standing committee...

-The Deccan Herald   At a time when farmers often demand compensation for failed crops, Jai Maruthi Devaraj, a ryot of Jannapura in the taluk has set an example on how to reap rich benefits in farming. His three acre farm with dense banana plantation is hard to miss on Belur road. He has grown plantains, ginger, cardamom, arecanut, mango, sapota, lemons and other fruit bearing trees and plants.  Devaraj hopes to earn a...

For five years, they controlled the administration in impoverished Bellary, even flattened state boundary markers to excavate iron ore—while insisting they had no mining interests in Karnataka. Now, the reign of the rulers of the “Republic of Bellary”—as the unofficial influence of two Bharatiya Janata Party​ (BJP) ministers and a milk federation chief, collectively called the Reddy brothers—appears to be at an end. As the Supreme Court on Friday banned all mining...

July is a month when we need to remind ourselves how reforms have changed India since 1991, from vulnerability to resilience, whether to external shocks (say, oil) or internal ones (droughts). In 2009, we witnessed the worst drought since 1972, yet the agricultural growth rate stayed positive (0.4%), nor did we resort to any major cereal imports. And in 2010-11, we are likely to have a record harvest of 241 million...