-The Indian Express Great expectations are pinned to the upcoming monsoon session of Parliament, given the sheer volume of unfinished legislative business, and the amazing free fall of the past few months. The opposition’s passive-aggressive behaviour and the government’s reflexive obduracy over a JPC were the reason the winter session had to be written off, and that certainly contributed to the clear authority vacuum of recent months, even as agitations...
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The road to reforming Karnataka's mine mafia by Karthik Subbaraman & Meera Mohanty
After sliding a mile backward into a morass, Karnataka'sMining sector has just been shoved a metre forward. Since it has taken an almighty effort by the judiciary and a quasi-judicial body, the Lokayukta, to accomplish even this much, what hope is there for a sector that is vital for Karnataka's and India'sindustrial development?? Will the sector - represented by Mining firms, traders, transporters, government agencies - slide back deep into...
More »‘Republic of Bellary’ set to lose its independence by Samar Halarnkar
For five years, they controlled the administration in impoverished Bellary, even flattened state boundary markers to excavate iron ore—while insisting they had no Mining interests in Karnataka. Now, the reign of the rulers of the “Republic of Bellary”—as the unofficial influence of two Bharatiya Janata Party (BJP) ministers and a milk federation chief, collectively called the Reddy brothers—appears to be at an end. As the Supreme Court on Friday banned all Mining...
More »26% profit sharing to help increase production: Coal India
-The Business Standard Allaying miners' apprehensions, Coal India today said the 26% profit sharing clause in the proposed Mines and Minerals (Development and Regulation) Act will help Mining firms ensure more production. "The proposal had some impact on the stocks. But, people have now realised that with this, land availability will go up and with that, production," Coal India Chairman NC Jha said. Coal India, the country's largest coal miner, is expected...
More »‘We’ll take the burden for employees for some time, but how long?’ by P Vaidyanathan Iyer
RV Gumaste, a member of Kirloskar’s project team that set up Bellary’s first iron-making unit in 1994, has never seen such times since he first moved base from Pune 17 years ago. “We will take the burden for our regular employees for some time. But how long?” says the industry veteran, who was appointed Managing Director of Kirloskar Ferrous Industries Ltd in July 2003. The Rs 1,100-crore company has 800...
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