-Live Mint   Finally, a serious roadblock in the country’s march to industrialization may be removed soon. The Union ministry of rural development has unveiled a draft National Land Acquisition and Rehabilitation and Resettlement (LARR) Bill. Once a law, LARR could potentially end arbitrary land acquisitions under the Land Acquisition Act of 1894. Any well-functioning market gives clear signals and prices are market-driven. The 1894 law with its ill-defined “public purpose” clause...

-Express News Service   The Supreme Court on Wednesday quashed the invocation of emergency clause by the Mayawati government to acquire private land for the construction of a district jail without hearing objections raised by the aggrieved land owners. “The series of events shows lethargy and lackadaisical attitude of the state government,” a bench of Justices G S Singhvi and H L Dattu observed against the manner in which the state government...

-The Indian Express   The Allahabad High Court on Monday issued notices to the Centre, UP government, Greater Noida and Noida authorities and the Yamuna Expressway Development Industrial Authority (YEIDA) on a petition demanding a CBI probe into land acquisitions in Noida and Greater Noida from 2005 to 2010. Asking them to file counter-affidavits in two weeks, the court said it would examine the maintainability of the petition on the next date...

-AFP   Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...

-The Economic Times   Govt. to set up National Environment Appraisal and Monitoring Authority for environmental clearance of projects Prime MinisterManmohan Singh hit the nail on the head when he declared that the environment cannot be protected by perpetuating poverty. But the regulatory framework forenvironmental clearance of development projects needs urgent streamlining and reform . Dr Singh added that the Centre would soon set up an independent regulatory body, the National Environment...