Amid reports of a moratorium on projects in Maharashtra's Ratnagiri district, the Nuclear Power Corporation has said that its ambitious plan to build mega atomic power plants in the region was not put on hold. "Jaitapur project is not a part of this stay," a Nuclear Power Corporation of India Limited (NPCIL) spokesman said. The NPCIL, along with French company Areva, is setting up two nuclear power plants of 1,650...
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Sharing profits for new gains by Sunita Narain
The draft Mines and Minerals (Development and Regulation) Amendment Bill, or MMDR Bill, includes a crucial provision to share the wealth of mining — 26 per cent of the annual profits — with people who live near the projects. But industry wants this profit-sharing clause dropped. The Federation of Indian Mineral Industries (Fimi) says it will breed lazy people, who will only drink and beat up their women. The Confederation...
More »Centre plans overhaul of mining sector by Sudheer Pal Singh
When former Karnataka Lokayukta N Santosh Hegde recently said that vested interests were controlling the mining industry, he was not exaggerating, considering that India registered over 182,000 cases of illegal mining across 17 states in the last five years alone. The Union government data show that Andhra Pradesh — the single largest contributor to the country’s mineral production of roughly Rs 1,28,000 crore — alone registered a 110 per cent increase...
More »Power subsidy to farmers costs Rs 1,200 crore per annum
The farming community has welcomed chief minister M Karunanidhi's promise to supply free motors to small farmers. Cauvery Delta Farmers' Welfare Association secretary, S Ranganathan, said, "We appreciate the chief minister's gesture. I request the government to give submersible motors instead of mono-block ones. Also, a majority of small and marginal farmers don't have power connection. The state should look at the possibility of providing motors and power connections to...
More »Trade Talks with EU Put Drug Manufacturers on Edge by Keya Acharya
Their ongoing negotiations remain shrouded in secrecy, but there are already reports that India and the European Union (EU) will have a free-trade agreement ready by the end of August, and that they will be putting signatures to it before the end of 2010. Yet it is a potential development that is causing more nervous chatter than joyous jitters here in India, where drug manufacturers in particular have raised concerns over...
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