-The Business Standard   Mining companies have warned of a price spiral in commodities once the new mining law provisions are in place. The industry sees the government decision of mandatory profit and royalty sharing impacting it by an estimated Rs 15,000 crore every year. This would include a Rs 12,200-crore hit on non-coal mining companies and Rs 2,800 crore on coal miners. “The provisions of this Bill will affect the industry badly,”...

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

Karnataka finds large-scale violations of state laws in its three districts. Karnataka has imposed Rs 140 crore in penalties on 13 iron ore mining companies in Tumkur for encroaching on government land and dumping mineral waste, thereby causing damage to the environment. “We have conducted a suo motu joint survey with the departments of mines and geology, forest and revenue in Tumkur district and found that 13 iron ore mining companies have...

-PTI   The Supreme Court constituted Environment Assessment (EIA) Committee would launch a detailed 15-day survey in mining areas in the district from September 12 to assess the environmental impact due to mining. The survey team is headed by Indian Council of Forestry Research and Education (ICFRE) Director General Dr V K Bahuguna. Speaking to reporters here, Bahuguna said they visited Gonda Reserve Forest and Vyasanakere in Hospet taluk today and found most mining...

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...