There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore Iron Ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp Steel and Mines Ltd. The same day, the company applied for a prospecting licence...

Union Ministry of Environment and Forests is investigating alleged violation of forest laws by Vedanta Co and Korean steel maker Posco in Orissa, the Rajya Sabha was informed on Monday. Replying to supplementaries during Question Hour, Minister for Environment and Forests Jairam Ramesh said a four-member expert group is currently in Orissa looking at all cases of alleged violation by Vedanta Co. An Iron Ore mining project may comprise both forest and...

The Chhattisgarh government has opposed a new mining legislation, which stipulates licence allocation on a first-come-first-serve basis, stating that it is “dangerous for tribals” and would lead to loss of revenue for the State. Chhattisgarh Chief Minister Raman Singh, who participated in the meeting of the National Development Council last week, said he has raised the issue with Prime Minister Manmohan Singh as well. “We have opposed the new mining legislation and...

Indian Railways has come to Food Corporation of India’s (FCI) rescue in flood-hit Punjab and Haryana, where part of its foodgrain stocks have been rotting due to heavy rains. The national transporter has given a discount of 35% to the public sector food procurer to carry grains from northern India to other parts of the country. The railways also expects to boost its own revenue by transporting a large volume of...

In the summer of 2006, I travelled with a group of scholars and writers through the district of Dantewada, then (as now) the epicentre of the conflict between the Indian State and Maoist rebels. Writing about my experiences in a four-part series published in The Telegraph, I predicted that the conflict would intensify, because the Maoists would not give up their commitment to armed struggle, while the government would not...