-The Hindu   Anti-graft legislation has to be backed by a concerted people's movement to effectively check the escalation of corruption in a neo-liberal regime, economist Prabhat Patnaik said on Friday. Delivering the W.R. Varadarajan Memorial lecture on “Neo-liberalism and corruption” organised by the Indian School of Social Sciences, Mr. Patnaik said the move to a neo-liberal regime, which, it was believed, would get rid of corruption, had actually expanded the scope...

The country’s first legislation on land acquisition, rehabilitation and resettlement is out as a first draft. Here is a sharp critique of the bill THE GOVERNMENT has made public the new Draft National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, which FW has run in these columns over three days. This is what I think of it. In terms of the definition of public purpose, the Bill is more colonial...

Orders Environment Impact Assessment study in the area The Supreme Court, which earlier suspended Mining operations in the Bellary area, on Friday partially lifted the ban and allowed the public sector National Mineral Development Corporation to undertake Mining in two leases to cater for the domestic market. The Forest Bench of Chief Justice S.H. Kapadia and Justices Aftab Alam and Swatanter Kumar, however, rejected the plea by a private miners' association that...

-The Business Standard   The Supreme Court decision banning both Mining and movement of ore in Bellary district in Karnataka, following the Lok Ayukta report, is excessive. The blanket ban penalises even those who did nothing wrong. While the outrage over the illegal profiteering of over Rs 12,000 crore by a politician-operator-bureaucrat combine is understandable, applying the brakes on all Mining and related activity in the district is an undifferentiated response. The...

Steelmakers and mine owners, reeling under a ban on Mining in Karnataka, are keeping their fingers crossed about the Supreme Court hearing scheduled on Friday. The uncertainty in iron ore and the resultant rise in ore prices have led the steel industry to actively consider an upward revision in prices, just days after most companies mentioned of keeping product price levels unchanged. "Iron ore spot prices have been rising by $1-2 daily...