The new mining legislation will make woman of the house chief beneficiary of the compensation for land acquired for mining project, as the government seeks to ensure the large amounts provided go into ensuring livelihood and are not depleted quickly. This is in sync with the government’s attempt to empower women by giving them a bigger role in financial decision-making. “Women are known to manage the household finances better than their male...

The government is considering several options to rationalise the subsidy on cooking gas such as excluding income tax payers from getting subsidised cylinders, limiting availability per household and higher prices for urban customers to provide this clean fuel in rural areas. “Those who can afford must pay the full price, while subsidised LPG should be made available to the poor,” an oil ministry official said adding that the ministry has...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

Union Petroleum and Natural Gas Minister Murli Deora inaugurated the Rajiv Gandhi Grameen LPG Vitarak Yojana as a national scheme for providing Liquefied Petroleum Gas to the rural households at Lachhmangarh in Sikar district of Rajasthan on Sunday. Six dealers were selected for rural locations in the State through draw of lots. Addressing the gathering, Mr. Deora said the Union Government was committed to providing convenient and hygienic cooking fuel to...

With the United Nations climate change summit in Copenhagen just 13 days away, the UN Development Programme (UNDP) has highlighted the need to ensure that the energy needs of developing countries are central to any new climate agreement, after a new report found that almost a quarter of the world’s 6 billion people live without electricity. The majority of the 1.5 billion people who live in the dark are in the...