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Mining firms must share 26% profits: GoM by Prasad Nichenametla

Despite objections from the coal ministry and concerns of the Planning Commission, a GoM under finance minister Pranab Mukherjee - discussing the new Mines and Mineral (regulation and development) Act 2010 - approved the proposal of sharing 26% net annual profits from the mining activity with displaced locals. The Bill replacing a 53-year-old law can be introduced in the ongoing session, minister for mines BK Handique said after the GoM meet...

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New food security report for Asia launched in Mumbai

A new food security report for Asia has been launched in Mumbai by The International Rice Research Institute (IRRI) and the Asia Society, calling for increased investment in rice research. The report, Never an empty bowl: sustaining food security in Asia, emphasizes the Importance of rice as the primary staple food in Asia and a major source of income for Asian farmers. It also recommends more research on: climate change mitigation for...

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Oiling the oilseeds economy

Edible oil Imports have surged to a record 9.24 million tonnes last year and were estimated to be nearly Rs 38,000 crore. They have emerged as the third most Important Import item, next only to petroleum products and gold. India is now the world’s largest Importer of cooking fats, meeting more than half of its requirement through overseas supplies. Considering the country’s huge and fast-growing demand for cooking oils, such...

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25 years of Save Narmada Movement

Has Narmada Bachao Andolan (NBA), one of India’s best-known peoples’ movements, run out of steam? Or is it still relevant in its new avatar as a force to reckon with? After all, the NBA has failed to achieve its primary goal of blocking big dams on Narmada, including the Sardar Sarovar Dam in Gujarat. The short answer to the question of NBA’s achievement is that it has forced a paradigm...

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Future of mining in India by Rajiv Kumar

There is clearly a direct trade-off between exploitation of natural resources and conservation of environment and human habitat . In the past, due to lower environment consciousness, the trade-off was always decided in favour of exploitation. This is deplorable. Yet, environmental fundamentalism can also exact a high cost that will prevent a number of people to remain without access to basic necessities of life. This apparently intractable trade-off has to be resolved....

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