-The Hindu Left parties for invoking Revenue Recovery Act against Rakshana Steels ‘owned' by YSR's kin With the State government cancelling the Bayyaram iron ore mining lease earlier granted to Rakshana Steels, a company allegedly belonging to former Chief Minister Y. S. Rajasekhara Reddy's kin, the demand for recovery of the lost mineral wealth has gained momentum. An enormous extent of over 1.41 lakh acres of iron-rich areas spread across Bayyaram, Garla and...

-The Economic Times The government has removed roadblocks to coal mining by leading business houses and taken the first step to relax scrutiny of corporate expenditure on oil and gas fields, in a burst of action that has cheered investors and industrialists in the languishing energy sector. A group of ministers recommended to the cabinet on Wednesday that Reliance Power's Chhatrasal block, which is attached to the 4,000 mw Sasan Ultra Mega...

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...

The environment ministry is on an industrial overdrive, with rules being changed for faster clearance of projects at the cost of the environment. While the standing committee of the National Board for Wildlife will lose its power to examine projects in tiger and elephant corridors, a sectoral forest advisory committee will be allowed to decide on diversion of forest land and projects even in dense forests. These are some of the...

Cabinet clears change in divorce law: Women to get part of husband’s property In a move that could be a setback to land acquisition for commercial use, a parliamentary committee unanimously recommended that the government should not acquire land for industrial, commercial or for-profit enterprises or private companies. Instead, the panel, which has proposed legislation favouring landowners, recommends that private companies and public-private partnerships would have to buy land in the open...