Bellary is only the tip of the rotting earthmound. Can a new proposed legislation clear the air? Two years ago, when the ministry of mines decided to use satellite imaging to survey projects, it unearthed several “unusual activities” across the country. “The amount of mining done and material being exported didn’t match in areas where certain companies had been given licences,” recounts a former senior bureaucrat with the mines ministry....

The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...

A shortage of labour is affecting cutting and polishing jobs in Surat's Diamond Industry. Skyrocketing prices of raw diamonds is a key factor leading to thousands of workers moving away from the Diamond Industry to other businesses . "The labour that came into the cutting and polishing jobs of the Surat Diamond Industry 20-25 years ago, that generation is moving towards retirement. And the new generation that should come in this industry doesn't...

Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...

Points to plight of city journalists and small-town stringers  City journalists employed on contract basis as well as small-town stringers working for small sums are both victims of the lack of effective trade unionism in the news industry, Harish Rawat, Minister of State for Labour and Employment, said here on Tuesday. Speaking at the diamond jubilee celebrations of the Press Trust of India organised by the news agency’s employees unions,...