A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...

KEY TRENDS   • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...

Is it possible to operate hundreds of illegal mines in India for years on end without being detected or prosecuted? And can their illegal operations be legitimised in one stroke and turned into "legit" business without anyone being booked for the stealthy extraction of millions of tonnes of precious ore? If the questions pertain to Orissa, the answer to both questions is yes. The Supreme Court-appointed Central Empowered Committee (CEC)...

If there is one sector that is visibly the intersection of backroom politics, crony capitalism and serious threats to India’s internal security, it is mining. The business of resource extraction has always had its own peculiar economic logic: modern, yet dependent on the land; high-tech, yet somehow, indefinably, with feudal overtones. These anomalies have traditionally been recognised by economists, who categorise mining as the only “industrial” component of the primary,...