Consider this. Every time petrol prices rise, oil companies end up losing more money. How? The price differential between petrol and diesel increases further; people start buying diesel-powered vehicles so oil firms bleed more. Even worse, we all bleed because dieselisation adds to toxic pollution in our cities. This, in turn, adds to the health burden and costs. This is all very well accepted. Yet, nobody has done anything to fix...

Ahead of its battle with dalit czarina Mayawati, the Congress-led Centre has made it mandatory for all central bodies to make at least 4% of their annual purchases from small scale industries owned by dalits and tribals. The decision, a leg up for developing entrepreneurship among SCs/STs, came as part of the new public procurement policy cleared by the Union Cabinet on Tuesday which mandates Union ministries/PSUs to make 20% of...

-PTI    Armed with a report prepared by former Karnataka Lokayukta on illegal mining, Union Ministry of Mines has asked the Goa government to furnish data on the allegations that the Mormugao Port Trust ( MPT) used to export the iron ore even as the neighbouring state had banned the activity.  The officials in the State Mines and Geology Department told PTI that the Union ministry in a recent meeting in Delhi asked...

-The Hindu   A robust new law to regulate mining in India is overdue. The proposed Mines and Minerals (Development and Regulation) Bill, 2011 is the central government's response to a full-blown crisis in the sector. There are several serious issues that the legislation promises to address, such as sharing of profits with project-affected people, environmental sustainability, competitive bidding to improve returns to States, and transparency in grant of permits. A major...

The government has introduced the Land Acquisition, Rehabilitation & Resettlement Bill, 2011, in Parliament. The Bill fails to address fundamental causes behind disputes and litigation over compensation. Moreover, like the existing law, it has provisions that can be misused by states to favour companies at the expense of the rights of farmers and forest dwellers. An excessive use of the emergency clause is not the only abuse of the current law...