-The Indian Express   The Union cabinet has approved a draft of the new Mines and Minerals Development and Regulation (MMDR) bill, which has long been expected to replace the antiquated legislation that partly governs the mining sector. There are important issues that still need to be worked out: implementing the bill in its current form would be severely problematic, and there are several loopholes that might cause the effect of the...

-PTI   Dubbing union cabinet’s approval of the Mines Bill, 2011 as “too little and too late”, Orissa Chief Minister Naveen Patnaik today said it would not help poor people living in mineral rich areas. Mr. Patnaik’s reaction came shortly after the union cabinet approved the new Mines and Mineral Development and Regulation (MMDR) Bill, 2011. Stating that the new bill has provision for 26 per cent profit sharing on coal and an additional...

The draft bill from the mines ministry that is meant to begin the overhaul of India’s outdated and archaic mining regulations — the Mines and Minerals (Development & Regulation) Bill, 2010 — had already been generally agreed to by the group of ministers scrutinising the legislation. Yet the deputy chairman of the Plan- ning Commission, Montek Singh Ahluwalia, has made a telling point or two about a particular provision in the...

India’s rulers have found a new vocation – maligning environmentalists and questioning the very idea of regulating industry for pollution. Thus, faced with criticism of Lavasa, an artificial gated city of the super-rich near Pune, in which his family has invested crores, Agriculture Minister, Sharad Pawar, lashed out at well-known activist Medha Patkar and other “vested interests” for obstructing this “pioneering” project. Lavasa’s promoters built the project without seeking environmental clearance...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....