-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 Mines and Mineral Development and Regulation (MMDR) Bill, 2011 approved by the Union Cabinet on Friday aims to ensure transparency, equity, elimination of discretion, effective redress and regulatory mechanisms along with incentives encouraging good mining practices, which will lead to technology absorption and exploitation of deep seated minerals. The menace of illegal mining in Karnataka and Goa continues unabated despite strong outrage against it. As many as 82,000 cases were...

-The Hindu   More than 11.02 lakh households given works Tamil Nadu topped the list of States that provided jobs to rural households for 100 days as per the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) at the end of the second quarter of the financial year 2011-12. More than 11.02 lakh households benefited from the scheme in Tamil Nadu. Statistics Andhra Pradesh came second by providing jobs to 9.65 lakh households and Uttar Pradesh...

-The Times of India   The Union Cabinet is set to approve a new law that will provide more rights to tribals in commencement and end of mining activity besides providing Rs 10,000 crore annually to 60 tribal-dominated districts. The bill for the new mining law and the repeal of the Mines and Minerals (Development and Regulation) Act, 1957 is on the agenda for the Cabinet meeting scheduled for Friday. The bill, expected...

The state's rice bowl is left empty An unviable minimum support price (MSP) for rice has forced farmers in Andhra Pradesh to leave their lands fallow. The movement is spreading to other states. “Farming never pays” is a familiar slogan among agriculturists across the world, and especially so in India. Nevertheless, many continue to cultivate their fields year after year, barely eking out an existence, toiling in the hope that the tide...