In March this year, the Central Bureau of Investigation (CBI) raided the houses and businesses of a few top industrialists in Dhanbad, Jharkhand, home to one of the subsidiaries of India's biggest coal miner, Coal India (CIL). Dhanbad is more widely known in popular imagination as home of the infamous 'coal mafia', which spread a reign of terror across the coal mining districts of the then undivided Bihar in the...
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JSW Bengal faces fresh roadblocks Ishita by Ayan Dutt
Mamata Banerjee’s assurance over land allotment, coal access falls flat. Two weeks after West Bengal Chief Minister Mamata Banerjee assured JSW Steel vice chairman and managing director Sajjan Jindal that all issues will be ironed out, fresh problems, including capping access to coal mines have struck the state’s largest investment. A number of riders are creeping into the terms and conditions set forth in the development agreement that JSW Steel had signed...
More »India Inc balks at Land Acquisition Bill
-The Indian Express Unfinished car shells rusting in a deserted factory in India's West Bengal state lie testimony to flaws in a century-old land-acquisition law the government now wants to replace. * Jobs, housing, cash to landowners made mandatory * Costs, project delays to increase - Indian corporates react * Bill to push up costs by 350 pct for big plots - analysts, cos * Bill likely to be passed in December Tata Motors was forced...
More »CPI(M) backs Ramesh's idea of a social audit of MPLADS funds
-PTI The CPI (M) today backed the Union Minister, Mr Jairam Ramesh's remarks favouring a social audit of funds spent by Members of Parliament under MPLAD Scheme and demanded that the programme be scrapped. “The money that has been spent by the MPs must be subjected to a social audit. This is public money and it needs to be under public scrutiny,” the CPI (M) politburo member, Mr Sitaram Yechury, told reporters...
More »Nilekani panel's terms of reference extended
-The Hindu The government on Tuesday extended the terms of reference of the Nilekani task force on direct transfer of subsidies to include an Aadhaar-enabled unified payment infrastructure. Set up by the Union Finance Ministry under the chairmanship of Unique Identification Authority of India (UIDAI) chief Nandan Nilekani in February, the task force was asked to recommend and implement a solution for direct transfer of subsidies on kerosene, LPG and fertiliser to...
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