-The Times of India   The Mines and Minerals (Development & Regulation) Bill, cleared by the cabinet last week, signals that the government`s heart is in the right place. Under its provisions, coal firms must share 26% of their net profits with project area residents, while non-coal miners will have to provide them a sum equal to royalty paid to state governments. No system is in place at present to properly compensate...

-PTI   The UIDAI chief Nandan Nilekani today asserted that the authority set up for issuing national identity cards was working under the powers delegated by the Prime Minister. "My powers have been delegated by the Prime minister," Unique Identification Development Authority of India (UIDAI) Chairman Nilekani said when asked whether the authority was on a collision course with the Planning Commission. "We are an attached office of the Planning Commission and by series...

The acronym LPG has several expansions. It stands for liquefied petroleum gas. It stands for liberalisation, privatisation and globalisation, a term of abuse used by those with Leftwing persuasions. It stands for life plundered by the government, sentiments associated with those who are against state intervention, but increasingly felt by the so-called middle class - however defined - because of price hikes, and proposed price hikes, for petroleum products. Ostensibly, price...

-PTI   Terming high global commodity prices a "grave threat", Finance Minister Pranab Mukherjee has called for developing countries to increase their investments in agriculture to improve crop productivity. "The recent commodity and food price rise and their volatility constitute a grave threat to economic growth and food security in our economies," Mukherjee said at a meeting of G-24 Finance Ministers here last evening. He took over as the new chairman of the group...

The worse off the poor become, the healthier our Ministers get. Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might...