The most-debated aspect of the bill is its recommendation for substantial payouts to people living in mining areas, including a profit-sharing clause that seeks to have companies pay out 26% of their net profit The Mines and minerals (Development and Regulation) (MMDR) bill, which seeks to replace a decades-old mining law, has been introduced in the Lok Sabha, an official in Parliament said on Monday. The government has drafted the new bill...

-The Hindu   On the orders of the Special Lokayukta Court here, the Lokayukta police on Thursday filed FIR against three former Chief Ministers as well as 11 senior civil servants of Karnataka. External Affairs Minister S.M. Krishna, and MPs N. Dharam Singh and H.D. Kumaraswamy will be investigated by the Lokayukta police in a case in which they have been accused of complicity in the alleged multi-crore mining scam. The investigating agency will...

Two months ago, Cabinet approved a draft law that seeks to create a better legislative environment to attract investments in mining and ease land acquisition through higher compensation to people displaced by projects. This show of goodwill could help the government win some hearts in troubled landscapes of Orissa and Karnataka.  But mining companies are not entirely convinced as they have to pay higher royalties and want changes to be made...

-PTI   Union Rural Development Minister Jairam Ramesh today said that had the Panchayats (Extension to the Scheduled Areas) Act been implemented properly, the naxal menace would not have become so big in Chhattisgarh and other places. Talking to reporters after his tour of the naxal-affected areas of the state, Ramesh said that PESA was brought in in 1996 to strengthen panchayats of scheduled areas, but it was not enforced in the right...

-The Hindu   The Group of Ministers (GoM) meant to consider measures to tackle corruption has directed the Ministry of Law to formulate concrete proposals on Constitutional and statutory amendments needed to consider feasibility of State funding of elections. The GoM headed by Union Finance Minister Pranab Mukherjee is mandated to look at a range of policy initiatives and action required to address corruption. In its first report in September, the GoM had...