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...
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Rural India goes urban by Rajesh Shukla
Most discussions on the National Rural Employment Guarantee Act (NREGA) have focused on one of few things, the leakages in the implementation of the scheme, the inadequate number of jobs created, and some even talk of how NREGA has resulted in food inflation going up in various districts as well as increasing mechanisation due to unavailability of farm labour. It is, of course, true that you can’t have food inflation...
More »Industry jitters over profit clause in draft mining bill by Amit Gupta
Existing and prospective industry and mining players of Jharkhand are apprehensive about the draft mining bill, which seeks to make them share 26 per cent of profits with locals. A group of ministers (GoM) approved the draft bill on September 17. Speaking to The Telegraph, Jindal Steel & Power Limited’s (JSPL) senior deputy general manager (corporate affairs) V.P. Sharan said: “The proposed clause — sharing profits with local people — sounds...
More »West Bengal CM pitches for new land acquisition law
Stating that Singur and Nandigram have taught lessons to the West Bengal government, Chief Minister Buddhadeb Bhattacharjee today demanded from the Centre a new legislation in place of the Land Acquisition Act of 1894. "We have learnt a few lessons from Singur and Nandigram. We must have a new legislation as the Land Acquisition Act of 1894 is out of sync," Bhattacharjee said. "We want a new law which will have issues like...
More »Ethiopians say Indians grabbing land.Indian farmers claim it is official by Shantanu Guha Ray
RAM KARUTURI, the world’s largest rose grower, calls it a situation that needs immediate intervention. Else, he is sure the rush of Indians to Africa will ebb to a trickle, which, in turn, could have serious implications as ethnic tensions with the locals are slowly, but steadily, rising in some parts of the continent. The hub of the crisis is Gambela, one of Ethiopia’s nine states, for long starved of investment....
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