-The Economic Times   Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...

-The Economic Times   A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected ,...

-The Telegraph   The Mamata Banerjee government has kickstarted a process to hold talks with Maoists without mentioning conditions but acknowledged the responsibilities of governance by adding that central forces will remain until Jungle Mahal is cleansed of arms. The initiative also sought to address a fundamental issue often overlooked by the security and political establishments: the chief minister gave an assurance that the villagers will retain the right to forest resources so...

  A day after it accused states of running a sinister campaign to "grab" the land of poor farmers, the Supreme Court on Wednesday dealt a big blow to the Mayawati government in Uttar Pradesh by quashing a 2007 notification to acquire 156.3 hectares of land in Greater Noida. A bench of justices GS Singhvi and AK Ganguly also imposed a Rs 10 lakh fine on the Greater Noida Industrial Development Authority...

In a sudden U-turn, the mines ministry has decided against asking miners from mandatorily sharing 26 per cent of net profits with the affected local population. Instead, it has proposed that miners set aside 26 per cent of the royalty they pay to states for sharing with locals. This dramatically changes what locals will get if the proposal becomes law. For example, for a tonne of iron ore which costs about...