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Chhattisgarh Vs Jayaswal throws light on murky mine sector-Ruchira Singh

The Chhattisgarh government has filed a writ petition in the Delhi high court against the Central government over Jayaswal Neco Ltd’s applications for mining leases in a case that throws light on the murky world of mining in India. The state alleges that the mid-sized steel-maker forged documents in its application to get iron ore mining leases in Rowghat in Bastar district and that the Union government directed it to consider...

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Mukherjee’s budget: giving ‘aam aadmi’ a wide berth-Liz Mathew

The common man, whose concerns were at the heart of the Congress-led United Progressive Alliance’s two successful election campaigns, doesn’t seem to be the focus of finance minister Pranab Mukherjee’s budget. Experts and political analysts say the aam admi doesn’t appear to be the dominant concern anymore, prompting speculation about Congress party chief Sonia Gandhi’s role. She has thus far been setting the UPA’s social agenda through the National Advisory Council...

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Gotcha! Three sins of loan recovery

-The Telegraph Bengal’s co-operation department spent the better part of Tuesday on an unusual mission: how to enforce Mamata Banerjee’s very chief ministerial order to nail those who tried to recover money lent by a co-operative bank. “I have asked to lodge an FIR,” Mamata had declared yesterday while ordering the withdrawal of attachment notices on two farmers and announcing that the law will be changed to make government approval mandatory before...

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Need regulation to make sure that financial inclusion becomes cost-effective by Ashok Khemka

One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...

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Supreme Court urged to revoke suspension of 117 mining leases by Muralidhara Khajane

Central Empowered Committee has recommended cancellation of 49 leases The Karnataka Government has requested the Supreme Court to revoke the suspension of 117 mining leases listed under categories A and B by the Central Empowered Committee (CEC). The Supreme Court-appointed CEC has recommended cancellation of 49 mining leases listed under Category C, where iron ore was being mined illegally. It has recommended resumption of operations in 45 mining leases listed under Category...

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