The most-debated aspect of the bill is its recommendation for substantial payouts to people living in mining areas, including a profit-sharing clause that seeks to have companies pay out 26% of their net profit The Mines and Minerals (Development and Regulation) (MMDR) bill, which seeks to replace a decades-old mining law, has been introduced in the Lok Sabha, an official in Parliament said on Monday. The government has drafted the new bill...
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New mining law unlikely before next year as Bill heads for closer look by Aman Malik, Liz Mathew & Ruchira Singh
The Mines and Minerals (Development and Regulation) (MMDR) Bill, which seeks to replace a decades-old mining law, was introduced in the Lok Sabha on Monday, but may become law only by next year as a parliamentary committee is now expected to examine it over the next few months, a mines ministry official said. “The standing committee will be looking at the Bill. They might take two-three months to examine it,” said...
More »Team Anna’s new call: Make laws in streets by Vandita Mishra
From the beginning of the proceedings today, speakers from Team Anna appeared to be pressing home one point above all: they had returned to Jantar Mantar with an agenda larger than the (Jan) Lokpal. The Bill must be passed this winter session, or else there would be a “jail bharo aandolan”, said Anna. “Not a single jail will remain empty,” he promised. But the larger goal was another law, or...
More »Key report on India anti-corruption Lokpal bill tabled
-BBC A report on a controversial bill to set up an anti-corruption watchdog has been submitted in India's parliament. The bill was tabled in parliament in August but was sent to a panel of MPs after protests from anti-corruption activists who said it was too weak. Anti-corruption campaigner Anna Hazare has rejected the new draft too, saying it does not go far enough as it does not include lower-level bureaucracy. He has announced plans...
More »Govt plans merger of more regional rural banks by AJ Vinayak
Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks. Ministry view In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are...
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