-The Economic Times   A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected ,...

-The Hindu   Since the time of Dadabhai Naoroji, Indians have always been captivated by the idea that our national wealth is slowly being drained abroad. That is why the Supreme Court's decision to set up a Special Investigation Team to ensure the return of money stashed abroad will be widely welcomed. What happens to the ill-gotten gains stashed at home, however, is anybody's guess. Black money is generated by the...

-The Times of India   The Union ministry of environment and forests (MoEF) has said it alone can take the final call on whether Vedanta can mine bauxite deposits in the Niyamgiri hills, asserting that it has the power to turn down the recommendation of the ministry's statutory Environment Appraisal Committee (EAC). Reacting to the report in TOI on Saturday about the EAC's go-ahead to Vedanta to start mining the bauxite deposit...

A World Health Organisation agency evaluates electromagnetic radiation from mobile phones for carcinogenicity. THERE has been a dramatic increase in the use of the mobile phone worldwide since its introduction in the mid-1980s. According to the estimate of the International Telecommunications Union (ITU), currently there are about five billion mobile phone subscribers globally. In the past decade or so, there has been growing concern about the possibility of adverse health effects,...

-The Indian Express   Prime Minister Manmohan Singh’s direction to his ministers to update details of their business interests, assets and liabilities has yielded an interesting profile of his cabinet. The financial status of the powerful — how much wealth they have and how they invest it — always draws curiosity. Dr Singh sticks to fixed deposits, keeping his investment beyond controversy. A.K. Antony’s loan funds a second-hand car. And Kamal...