The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...

In normal circumstances, E. Altrin, a fisherman from Rameswaram, would have sold the juvenile lobsters, each weighing 50 gm, in the market after the catch. That is no longer the case. Nowadays, whenever he gets the juveniles he shifts them to the floating cage in the sea. “After four months in the cages, these juveniles grow in size and weigh 200 gm. If I sell the juveniles I will get only...

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...

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...

vineyard owners of Maharashtra who export grapes are worried. The Euro-pean Union rejected their table grape consignments in mid-April as they were found containing traces of chlormequat chloride, a plant growth regulator. The export of table grapes (these are consumed directly unlike grapes that go into wine making) was halted immediately. The farmers are facing losses of about Rs 300 crore, media reported. “My son-in-law had exported two containers (30...