-The Business Standard SC may have lifted the ban on mining in the state but it will be a while before exports resume in right earnest A lot was riding on Goa's iron ore mines till the Supreme Court clamped down on them in September 2012. As much as 40 million tonnes of iron ore was being mined every year. Fifteen thousand people worked in these mines. Another 80,000 operated the...
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India to expand irrigation to cut reliance on monsoon -Mayank Bhardwaj and Ratnajyoti Dutta
-Reuters The extra irrigated area would cut India's dependence on annual monsoon rains that water crops grown on nearly half of the country's farmlands New Delhi: India plans to expand its farmland under irrigation by at least a tenth in the next three years, potentially boosting grains output by an equal proportion in the world's second-biggest rice and wheat producer, a top government official told Reuters. The extra irrigated area would cut India's...
More »The political economy cycle in India-Pramit Bhattacharya
-Live Mint As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...
More »Monthly WPI inflation stood at 4.68% in February
-Press Information Bureau (Ministry of Commerce and Industry) The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of February, 2014 has remained unchanged at its previous month level of 178.9 (provisional). INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.68% (provisional) for the month of February, 2014 (over February,2013) as compared to 5.05% (provisional) for the previous month and 7.28% during the corresponding...
More »Mining Bill lapses, sector avoids 'meltdown'
-The Business Standard The future of the Bill will be decided by the next government The United Progressive Alliance's (UPA) attempt to overhaul the 50-year legislation governing the corruption-ridden mining sector has fallen through with the new mining Bill lapsing. The Mines and Minerals Development and Regulation Bill had proposed sharing of miners' profits with the project-affected, among others, but with the Lok Sabha being dissolved, the Bill has lapsed. Many from the sector...
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