Those who see a direct link between wage inflation and the employment guarantee scheme need to think again Rural wage rates have been rising at quite a fast rate in recent months. Farmers have been complaining about their inability to get cheap labour for their farms. Industry, too, has raised the alarm saying that this is squeezing their margins; higher rural wages mean fewer people are willing to work on construction...

Study commissioned by Supreme Court calls for output cut after finding extensive damage to biodiversity, air quality A Supreme Court commissioned study on iron ore mining in Karnataka’s Bellary district has suggested production of the steel-making raw material should be cut by as much as 40% to prevent environmental degradation. The environment impact assessment (EIA) report, prepared by the Indian Council of Forestry Research and Education (ICFRE), has recommended that the district...

Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...

-PTI    Armed with a report prepared by former Karnataka Lokayukta on illegal mining, Union Ministry of Mines has asked the Goa government to furnish data on the allegations that the Mormugao Port Trust ( MPT) used to export the iron ore even as the neighbouring state had banned the activity.  The officials in the State Mines and Geology Department told PTI that the Union ministry in a recent meeting in Delhi asked...

-The Times of India   The Mines and Minerals (Development & Regulation) Bill, cleared by the cabinet last week, signals that the government`s heart is in the right place. Under its provisions, coal firms must share 26% of their net profits with project area residents, while non-coal miners will have to provide them a sum equal to royalty paid to state governments. No system is in place at present to properly compensate...