The new mining legislation will make woman of the house chief beneficiary of the compensation for land acquired for mining project, as the government seeks to ensure the large amounts provided go into ensuring livelihood and are not depleted quickly. This is in sync with the government’s attempt to empower women by giving them a bigger role in financial decision-making. “Women are known to manage the household finances better than their male...

Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether. “Answer does not lie in the companies stopping mining activities. Answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development,” Mr Mukherjee said at a coal summit on...

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...

Activists and many residents blame a hydel project for the growing frequency of landslides in some Uttarakhand villages. THE nearly 3,500 residents of Bhatwadi village along the Uttarkashi-Gangotri highway in Uttarakhand saw their world come crashing down around them on the night of August 12/13. A massive landslide that hit the village formed cracks up to five metres wide on the highway and these crept up the hills to over 100...

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...