Contributory factors: coal shortage, overdrawal by States, early winter and of course, Telangana agitation The country is facing a severe shortage of electricity. Coal shortage in power plants and heavy overdrawal by some States have aggravated the crisis, especially during the festive months. In addition, the setting in of winter has led to a decline in hydro power production. In the South, the Telangana agitation has badly hit power supplies in Andhra...

-The Deccan Chronicle   The approval by the Cabinet of the Mines and Minerals Development Regulation Bill is clearly meant to facilitate the acquisition of land in the mineral-rich districts of the country. Several large projects, including those of the richest non-resident Indian, Mr Lakshmi Mittal (Arcelor), and the South Korean giant Posco have been held up because of serious objections and protests from the affected tribal populations. The bill stresses on...

-The Times of India   The Mines and Minerals (Development & Regulation) Bill, cleared by the cabinet last week, signals that the government`s heart is in the right place. Under its provisions, coal firms must share 26% of their net profits with project area residents, while non-coal miners will have to provide them a sum equal to royalty paid to state governments. No system is in place at present to properly compensate...

-The Business Standard   Mining companies have warned of a price spiral in commodities once the new mining law provisions are in place. The industry sees the government decision of mandatory profit and royalty sharing impacting it by an estimated Rs 15,000 crore every year. This would include a Rs 12,200-crore hit on non-coal mining companies and Rs 2,800 crore on coal miners. “The provisions of this Bill will affect the industry badly,”...

-The Hindu   ‘The mechanism for compensating the affected people is not clearly defined and has many limitations' Industry chambers led by Confederation of Indian Industry (CII) and FICCI on Friday sought a review of the Mines and Minerals (Development and Regulation) Bill, 2011 approved by the Union Cabinet stating that the industry was concerned on royalty, profit sharing and the methodology of providing assistance to project-affected persons. In a statement here, Rana Som,...