Steelmakers and mine owners, reeling under a ban on mining in Karnataka, are keeping their fingers crossed about the Supreme Court hearing scheduled on Friday. The uncertainty in iron ore and the resultant rise in ore prices have led the steel industry to actively consider an upward revision in prices, just days after most companies mentioned of keeping product price levels unchanged. "Iron ore spot prices have been rising by $1-2 daily...

The Mamata Banerjee ministry will not accept government role in land acquisition for the Private Sector even under the private-public partnership model, except in “specific and limited situations”, sources said after a cabinet meeting this evening. A “final decision” on the state government’s position on the draft National Land Acquisition and Rehabilitation and Resettlement Bill is still to be taken. Mamata asked the group of ministers led by Partha Chatterjee entrusted with...

Days after it was made public, the new land acquisition bill is facing resistance. While farmer’s unions and civil society groups want more — permanent rights over land,  even in case of a take over, prior consent of people even for public projects, state agencies and developers are unhappy over the restrictive nature of the bill. "As farmers, we would not like to part with our land but if required in larger...

The Trinamul Congress will accept government acquisition of land for the Private Sector only if the plots are required for projects under public-private partnership (PPP) and serve a public purpose. The stand was articulated by Trinamul Rajya Sabha MP and land expert Debabrata Bandopadhyay at a meeting with Union rural development minister Jairam Ramesh here today. The party had so far opposed any government role in acquisition of land for private...

It’s been raining “rights” in Indian policy for the last few years — education, work, food, service, healthcare, and much else. This “Diet Coke” approach to poverty reduction — the sweetness without the calories — was always dangerous because of unknown side effects. Commenting in 1790 on the consequences of the French Revolution, Edmund Burke said: “They have found their punishment in their success. Laws overturned, tribunals subverted, industry without...