Punjab Chief Minister Parkash Singh Badal today pledged Rs 300 crore to farmers to make Bharatiya Kisan Union (Rajewal) President Balbir Singh Rajewal accept a glass of juice to end his five-day hunger strike in Mohali. Addressing a joint press conference along with Rajewal, the Chief Minister said the Rs 300 crore would compensate farmers for the diesel used by them to grow paddy last year in near-drought conditions. The Rs...
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Mining Bill as per GoM suggestions: Secy
Amid a furore over 26 per cent profit-sharing with locals under the proposed new mining law and demands for watering down the provision for PSUs, the Mines Ministry today said its final draft will go with the recommendations of the Group of Ministers. "Based on the discussion of the Group of Ministers (GoM), the final draft of the new mining bill is being prepared by the Mines Ministry and will be...
More »Mining Draft Bill gets GoM nod by Sujay Mehdudia
It approves 26 per cent share in profits for local people The draft bill proposes setting up of a fund to pay beneficiaries Final legislation likely to be introduced in the winter session of Parliament The Group of Ministers (GoM), headed by Union Finance Minister Pranab Mukherjee, on Friday approved the new Mining Draft Bill, including the provision that mining companies share 26 per cent of profits with local people affected by their...
More »Mines: 26 p.c. of profit for affected people
The Group of Ministers, headed by Finance Minister Pranab Mukherjee, on Friday cleared the draft mining bill, which makes it mandatory for miners to share 26 per cent of their profits with the people affected by their projects. “It is largely approved. One more sitting of the GoM remains, and after which it will go to the Cabinet. Whatever we have suggested has by and large been approved,” Union Minister for...
More »India debates whether to continue receiving British aid
The Indian government is debating whether it should still accept any development aid from Britain. India is currently the biggest recipient of UK development aid, receiving more than £800m (about $1.25bn) over the three years to 2011. Foreign Secretary Nirupama Rao told the BBC no final decision had been made. Britain's Department for International Development (DfID) says it is reviewing its spending, and close dialogue with the Indian government will continue. The BBC's Chris...
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