Less than two years after splitting coal mining zones into ‘go and no-go’ — a move that has stalled almost every big-ticket coal mining project in India — the government is scrapping the policy. The Ministry of Environment and Forest (MoEF), which had framed the policy guidelines along with the Ministry of Coal, on Tuesday accepted that the categorisation of ‘go and no-go’ did not have any legal sanctity. The move was...

The worse off the poor become, the healthier our Ministers get. Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might...

-The Economic Times   The Central Vigilance Commissioner has reopened the debate on the mandate of the proposed Lokpal by suggesting that corporates should be brought under the purview of the proposed anti-corruption bill to check graft effectively. He also said that corruption in higher levels of bureaucracy, as also among political executives, should be dealt with by Lokpal, provided there was a proper demarcation of work to avoid overlapping of powers...

Have the National Law Schools, the counterparts of IITs and IIMs in the legal field, faltered in inculcating social responsibility in the bright young lawyers passing out from the prestigious institutions? Justice M K Sharma, a Supreme Court judge, feels so and has expressed strongly against the trend of "bright young law students" flocking to become corporate lawyers rather than opting for training in litigation. "Unfortunately, the statistics available indicate that 85%...

-The Times of India   The finance ministry is devising a voluntary tax disclosure scheme that could provide amnesty to people who have stashed unaccounted money in tax havens and other jurisdictions abroad by charging them a "levy". Finance minister Pranab Mukherjee, after a meeting with industry captains recently, activated a committee on black money set up last year to work out a scheme on voluntary disclosure. This scheme will allow corporates and...