Take a look at the accompanying map and you can’t but notice the extent of overlap between India’s thickly forested areas, the regions with the bulk of the country’s most important mineral wealth and the territory over which Maoists are dominant. Is this just a coincidence? No, that would stretch credulity. So what connects the Maoist menace with forests and mining? Clearly, forests give a guerilla force its best chance...
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New India or New Banana Republic by Shobhan Saxena
While you were glued to your flat screen, with your eyeballs popping out every time the ball was hit for a six, in a dark corner of India - in a Haryana village very close to the national capital - a dog was barking. Since it was a Dalit dog (in India, even dogs have caste), the upper caste Jaats were getting all riled up. So they decided to teach...
More »Eye on ore
The Supreme Court has instructed several mining enterprises based in Anantpur district of Andhra Pradesh — including one, the Obulapuram Mining Company, that is associated with the powerful Reddy brothers of Karnataka — to stop operations while investigations are conducted into whether they are mining in areas which they aren’t supposed to touch. This is a welcome check on the Reddy brothers, who must have begun to think of themselves...
More »Domino effect on commodity trade by Nidhi Nath Srinivas
Real estate may be the epicentre of Dubai’s debt crisis, but it is the Indian commodity trade that will feel its aftershocks for months to come. Two reasons make Dubai important to Indian companies. One, Dubai is the hub of most-traded commodities, from pearls, gold and diamonds to tea, cotton, basmati and sugar. Crucially, it is gateway to west Asia. All the top players in the region, especially Gulf Cooperation...
More »Dirty business
If there is one sector that is visibly the intersection of backroom politics, Crony Capitalism and serious threats to India’s internal security, it is mining. The business of resource extraction has always had its own peculiar economic logic: modern, yet dependent on the land; high-tech, yet somehow, indefinably, with feudal overtones. These anomalies have traditionally been recognised by economists, who categorise mining as the only “industrial” component of the primary,...
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