-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 man in the hot seat, the Comptroller and Auditor General (CAG) of India says he’s never faced political pressure on any audit. The man in the hot seat, the Comptroller and Auditor General (CAG) of India, Vinod Rai, says he’s never faced political pressure on any audit. On the 2G scam, he says his report clearly says the “amount of loss can be debated”. And it was the petroleum...

The episodes of violence in land acquisition by the government, as witnessed recently in Bhatta-Parsaul in Uttar Pradesh and in other states earlier, occur because patterns of violence are inbuilt into the process. Despite a bill pending in Parliament since 2007, there has been little effort by political parties to evolve a consensus on acquisition of agricultural land for non-agricultural purposes. The law as at present and also the provisions...

The West Bengal govt's role as a non-market intermediary in an essentially private land transaction is questionable The West Bengal government has passed a new legislation that transfers the land back to those who refused to accept the compensation that they were offered during the acquisition of their lands for the Tata Nano factory. The Tata group has promptly gone to court claiming that this is an unconstitutional Act. Surely one...

Many in India feel betrayed that neoliberal economic policies have not ended but increased fraud and corruption Corruption is not exactly new in India. Quite apart from the extensive historical evidence of its spread, during and after the "mixed economy" period of state planning, the "licence-permit raj" was regularly accused by commentators of breeding graft, constraining economic activity and forcing citizens to be at the mercy of corrupt officialdom at all...