-The Business Standard   The Supreme Court decision banning both mining and movement of ore in Bellary district in Karnataka, following the Lok Ayukta report, is excessive. The blanket ban penalises even those who did nothing wrong. While the outrage over the illegal profiteering of over Rs 12,000 crore by a politician-operator-bureaucrat combine is understandable, applying the brakes on all mining and related activity in the district is an undifferentiated response. The...

-AFP   Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...

-PTI   The Institute of Chartered Accountants of India (ICAI) today said it would submit its report to the government in September, suggesting changes required in the key economic Acts such as Income Tax and FEMA to tackle the menace of black money and ways of retrieving it from tax havens abroad. ICAI had said earlier this month that the report was expected in August. A committee, headed by ICAI President G Ramaswamy, is...

Environmental protection within particular societies involves a complex balancing process and ordering of socio-economic priorities. In relation to other rights, where does an environmental right fit into a hierarchy of human rights and how should the conflicts with other human rights, such as right to property/ livelihood, be resolved? How to balance environmental protection with a general or collective right to economic development? Indian courts have proceeded by balancing interests and...

-The Hindu   ‘Will work on full-time basis to evolve more objective standards of scrutiny' Amid criticism that industrialisation and economic growth were getting blocked due to delay in granting “environmental clearances” to industries, Prime Minister Manmohan Singh on Sunday announced the government's plans to set up an independent regulator for giving environmental clearances. “We also hope to establish an independent regulator — the National Environment Appraisal and Monitoring Authority — soon. This...