-PTI The Commerce Ministry today said there was a need for a relook at the land ceiling rules for Special Economic Zones (SEZ) in view of protests against land acquisitions and it will shortly come out with a draft to bring changes in the SEZ Act of 2005. "There is a need [for a relook at] the SEZ rules and policies.... The minimum land requirement will also be relooked at, as land...
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Goa mining scam worth Rs 10,000 crore: Congress legislator
-IANS Goa's illegal mining scandal is worth Rs10,000 crore ($2 billion), former deputy chief minister of Goa and Congress legislator Dayanand Narvekar on Saturday told the Justice MB Shah commission probing the scam. Narvekar, who was a cabinet minister in Chief Minister Digambar Kamat's Congress-led government until a couple of years ago, also told Shah during a public hearing at the state secretariat that constant complaints in writing to the state chief...
More »Not in writing, but government to enforce sub-limits on rice & wheat exports by Prabha Jagannathan
The formal notification allowing exports of 5 million tonnes of rice and wheat under the open general licence (OGL) will not specify separate cap for cereals, but the government will monitor exports to ensure a ceiling of 2 mt for wheat and 3 mt for rice. "We have had problems earlier with the courts on specification of quantity ceiling under OGL exports and on specific allocation of export quantities to Exporters....
More »Shocking! Rs 12,228 cr lost in illegal ore exports by Vicky Nanjappa
Vicky Nanjappa goes through Karnataka Lokayukta Justice Santosh Hegde's explosive report on illegal mining in the state and reveals damning figures of corruption. A jaw-dropping Rs 12,228 crore worth of iron ore was illegally exported in a a span of four years (2006-2010), says Karnataka Lokayukta Justice Santhosh Hegde in his report released a couple of days back which led to Chief Minister B S Yeddyurappa's exit. According to the report, which...
More »Food ministry against wheat exports by Liz Mathew & Ruchira Singh
India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...
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