-Outlook Alleging a Rs four lakh crore scam in iron ore mining as the state government kept renewal of licenses in abeyance, Union Minister Srikant Jena today demanded exclusive rights to Odisha Mining Corporation (OMC) over minerals. "The scam relates to renewal of licenses. Official documents show of the 107 iron ore mines in Odisha, 83 are operating by using 'deemed to' clause of the mining law," the senior Congress leader told...

-The Indian Express Full Planning Commission chaired by Prime Minister Manmohan Singh today approved 12th Five Year Plan (2012-17) document that proposes to lower annual average economic Growth Rate target during the period to 8.2 per cent from 9 per cent envisaged earlier in view of fragile recovery. "The Full Planning Commission approved the draft 12th Five Year Plan document, subject to certain suggestions made in the meeting," Planning Commission Deputy Chairman...

-The Indian Express Wage growth in agriculture outpacing that in industry is a bad sign for the economy Against a 63 per cent rise in industrial wages in a 10-year period, agricultural wages in the harvesting season have risen by 117 per cent, according to data released by the agriculture ministry this week. The difference in the rise in wages in the two sectors, from comparable bases, is not a statistical artefact....

-The Hindu The country has shown that it is possible to have superior social outcomes at lower per capita incomes and rates of economic growth Bangladesh is very much in the news these days in our country, but for the wrong reasons. In the unfortunate Bangladesh-bashing that seems to have become somewhat of a pastime, we seem to have failed to notice the striking developmental success that it has had in the...

-Live Mint The current policy on compensating landowners could adversely affect character of India’s future growth The Parliament is currently considering a land acquisition, rehabilitation and resettlement Bill (LARR Bill), as are various state legislatures. These are likely to affect the pace and character of future growth in India in a significant way.  Setting up new industries, service establishments and real estate development will inevitably require land to be acquired from rural areas....