-Live Mint   Finally, a serious roadblock in the country’s march to industrialization may be removed soon. The Union ministry of rural development has unveiled a draft National Land Acquisition and Rehabilitation and Resettlement (LARR) Bill. Once a law, LARR could potentially end arbitrary land acquisitions under the Land Acquisition Act of 1894. Any well-functioning market gives clear signals and prices are market-driven. The 1894 law with its ill-defined “public purpose” clause...

Mining firms have criticised the Indian government's decision to make them pay more tax to help develop tribal areas affected by the Maoist uprising. Various trade associations have denounced the bill, under which firms will pay upto 26% extra tax on profits. The new legislation is to be introduced during the new parliamentary session which started on Monday. Maoist rebels say they are fighting for the rights of indigenous tribal people and the...

-PTI   Opposing acquisition of fertile and multi-crop land for setting up industries, CPI(M) leader Brinda Karat on Saturday suggested Orissa chief minister Naveen Patnaik to hold talks with farmers before going ahead with the proposed Posco steel project. “I have requested the Chief Minister to talk to the people who are likely to be affected due to Posco project. Unless farmers agree to sacrifice their lands, no force should be used,”...

Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...

The proposed land acquisition bill unveiled by the Centre today will not override provisions of two landmark laws that seek to protect the interests of tribal landowners, thereby addressing a serious concern of states like Jharkhand where bulk of the land being eyed by industry is in forests inhabited by tribals. On a day the Draft National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, was put in the public domain,...