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...

On August 26, Japanese Prime Minister Naoto Kan resigned, taking responsibility for the disastrous meltdown of the Fukushima Daiichi nuclear power plant, which was caused by the March 2011 undersea earthquake and ensuing tsunami.  In India, on the other hand, the deliberate contamination of a drinking water tank with radioactive waste in the Kaiga nuclear power plant in Western Ghats in the state of Karnataka has gone unpunished for two whole...

-The Economic Times   Leading IT company Infosys today disapproved the idea of bringing corporates under the ambit of the Right to Information Act by saying that they were already accountable to several regulators in the country.  "We are reluctant (that) we should be included (under the Right To Information)," Infosys Executive Co Chairman S Gopalakrishnan said at a CII even here.  He was responding to a query on whether the Indian corporates should...

-PTI Planning Commission deputy chairman Montek Singh Ahluwalia on Sunday conceded that he went wrong while projecting moderation in inflation which remains near the double-digit mark. "It is true that we were hoping that this (moderation in inflation) will happen earlier, to that extent our credibility becomes a question," he told in a interview for CNN-IBN's TV programme 'Devil's Advocate' when asked why government's repeated projections on inflation proved false. "You should recognise...

Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...