The draft Mines and Minerals (Development and Regulation) Amendment Bill, or MMDR Bill, includes a crucial provision to share the wealth of mining — 26 per cent of the annual profits — with people who live near the projects. But industry wants this profit-sharing clause dropped. The Federation of Indian Mineral Industries (Fimi) says it will breed lazy people, who will only drink and beat up their women. The Confederation...

The ability of illness-causing germs to resist drugs has become a challenge to efforts against infectious diseases, the United Nations health agency said today, urging countries to implement infection control measures to limit the spread of multi-drug resistant strains of micro-organisms. “Some bacteria have developed mechanisms which render them resistant to many of the antibiotics normally used for their treatment, so pose particular difficulties, as there may be few or no...

Some good news awaits the agriculture sector in Bihar. Around 150 potential investors from all over the country met in Patna today, with an aim to invest in the untapped food-processing sector in state. The motive behind the summit was to plan investments in the food-processing sector by boosting the market and database intelligence system. Enhancing crop productivity to ensure availability of the raw material required for the industry and promotion...

Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...

When former Karnataka Lokayukta N Santosh Hegde recently said that vested interests were controlling the mining industry, he was not exaggerating, considering that India registered over 182,000 cases of illegal mining across 17 states in the last five years alone. The Union government data show that Andhra Pradesh — the single largest contributor to the country’s mineral production of roughly Rs 1,28,000 crore — alone registered a 110 per cent increase...