The Karnataka government, which is in the thick of controversy over acquisition of land for several big-ticket investors, is in no mood to accept certain changes proposed in the new Land Acquisition and Resettlement & Rehabilitation Bill tabled in Parliament last week. Instead, the government is in the process of revamping its existing land acquisition policy. The state government is not agreeable to the 80 per cent consent norm proposed in...

The Government has a proposed timeline for the award of compensation under the Land Acquisition and Rehabilitation and Resettlement Bill. This timeline was not in the draft of the Bill posted on the Government's Web site on July 29 for comments from stakeholders and the public. After these responses and consultation with the stakeholders, seven changes have been made, the Rural Development Minister, Mr Jairam Ramesh, said. The Minister said that the...

-The Business Standard   Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...

The next 72 hours will be crucial for the state as it battles to keep its head above rising floodwaters in the Mahanadi basin. Authorities kept an anxious watch on the situation today as Hirakud town was cut off from Sambalpur and the Pipli-Konark road was closed with several rivers still in spate. The government directed collectors of the 19 flood-hit districts to close down schools and colleges in the marooned...

-The Economic Times   The government has defended its new land acquisition bill as industry-friendly, refuting criticism that provisions contained in the legislation were retrograde and would push up costs for state-run and private companies. Industry groups had slammed the new Land Acquisition, Rehabilitation and Resettlement Bill (LARR) 2011, cleared by the cabinet earlier this week and tabled in parliament on Wednesday, saying it was "burdensome" and "anti-development". But Rural Development Minister...