It approves 26 per cent share in profits for local people The draft bill proposes setting up of a fund to pay beneficiaries Final legislation likely to be introduced in the winter session of Parliament The Group of Ministers (GoM), headed by Union Finance Minister Pranab Mukherjee, on Friday approved the new Mining Draft Bill, including the provision that mining companies share 26 per cent of profits with local people affected by their...

Output of major crops, including sugar, will be better or equal to 2008-09’s production figures, but food prices are unlikely to return to that year’s levels. Food inflation may have permanently changed to stay on the higher side, economists have said. For a UPA government battling high prices, this could be a gloomy piece of news. A surplus monsoon has boosted acreages of all crops, according to food ministry figures. Output of...

Seeking to pressurise the central government further on the issue of rotting food grains, the Bharatiya Janata Party (BJP) on Saturday, Sep 18 urged the farmers to unite and corner the Congress-led UPA. The saffron party held a dharna in the national capital demanding better storage facilities, and minimum support price for farmers' produce. Speaking to the famers who gathered at the dharna, senior BJP leader Rajnath Singh said, "There is an...

A common platform of several farmers groups, the Indian Coordination Committee of Farmers Movements, has charged the Central government with complete lack of transparency on the implications of the proposed Comprehensive Economic Partnership Agreement or CEPA with Japan and the inclusion of agriculture on its agenda. "Such EPAs, like other FTAs, go beyond what cannot be negotiated under the WTO and we are openly opposed to agriculture in the WTO, in...

Mayawati's quick reflexes after the setback over land acquisition in Aligarh has put Congress in a spot, with the Centre fearing it may be dubbed the villain for farmers' woes if it does not prevail upon Trinamool Congress to relent on the bills for Land Acquisition amendment and R&R. After Uttar Pradesh brought its liberal Resettlement and Rehabilitation policy to win over farmers riled by "low land rates" for Yamuna...