Amid a furore over 26 per cent profit-sharing with locals under the proposed new mining law and demands for watering down the provision for PSUs, the Mines Ministry today said its final draft will go with the recommendations of the Group of Ministers. "Based on the discussion of the Group of Ministers (GoM), the final draft of the new mining bill is being prepared by the Mines Ministry and will be...

The Supreme Court today held that any land acquisition depriving farmers of their “land, livelihood and way of life” without following due process was akin to “state-sponsored terrorism”. Slamming the Uttar Pradesh government’s land acquisition process, a two-judge bench headed by Justice G.S. Singhvi observed: “Throwing out villagers from their land and taking away their livelihood and way of life is state-sponsored terrorism.” The top court was hearing an appeal by some...

Stating that Singur and Nandigram have taught lessons to the West Bengal government, Chief Minister Buddhadeb Bhattacharjee today demanded from the Centre a new legislation in place of the Land Acquisition Act of 1894. "We have learnt a few lessons from Singur and Nandigram. We must have a new legislation as the Land Acquisition Act of 1894 is out of sync," Bhattacharjee said. "We want a new law which will have issues like...

Existing and prospective industry and mining players of Jharkhand are apprehensive about the draft mining bill, which seeks to make them share 26 per cent of profits with locals. A group of ministers (GoM) approved the draft bill on September 17. Speaking to The Telegraph, Jindal Steel & Power Limited’s (JSPL) senior deputy general manager (corporate affairs) V.P. Sharan said: “The proposed clause — sharing profits with local people — sounds...

As India rapidly industrialises, the government and private firms are seeking large tracts of farm land to build factories, power plants and highways, sparking off violent protests by farmers and others. Here are some questions and answers on the issue: WHY IS LAND A BIG ISSUE? For many Indians, land is the only asset or social security that they possess and is a mark of social standing. Nearly 60 percent of India's 1.2...