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People-friendly growth by BG Verghese

The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...

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Bhopal panic seeps into Singur Ash from factory with blot on record by Kinsuk Basu and Jayanta Basu

Bhopal cast a pall on Singur today, fed by a cocktail of pollution, panic and politics. A chemical factory, declared a “fit case for closure” by the state pollution control board (PCB) two months ago, spewed carbon soot-laced smoke this dawn. The plant belongs to Himadri Chemicals and Industries, a company with an annual turnover of over Rs 500 crore and said to be the country’s largest manufacturer of coal tar...

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Will India be the world's fastest growing economy?

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...

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Iron’ic? Story of the Great Indian Loot by Shankar Raghuraman

Take a look at the accompanying map and you can’t but notice the extent of overlap between India’s thickly forested areas, the regions with the bulk of the country’s most important mineral wealth and the territory over which Maoists are dominant. Is this just a coincidence? No, that would stretch credulity. So what connects the Maoist menace with forests and mining? Clearly, forests give a guerilla force its best chance...

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Raman, Jairam in mining war by Suchandana Gupta

A tussle between the Chhattisgarh government and the Ministry of EnvIronment and Forests (MoEF) over an elephant reserve has reached the Prime Minister’s Office (PMO). And the dispute is emblematic of the way the richly forested state is hurtling to get the developed tag by shaving off its pristine tree cover. Since 2004, the Chhattisgarh government has signed 102 memorandum of understandings (MOUs) with industrial houses for production of steel,...

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