-The United Nations The prices of grain and milk in the drought-hit Djibouti, Ethiopia, Kenya and Somalia have risen to record highs, exacerbating hardship for the estimated 12.4 million people in the region who are facing severe food shortages and famine in some parts of Somalia, the United Nations reported today. According to the August food price monitor of the UN Food and Agriculture Organization (FAO), the high prices of cereals...
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Mining ban in Karnataka may push up steel prices by Rakhi Mazumdar
Steelmakers and mine owners, reeling under a ban on mining in Karnataka, are keeping their fingers crossed about the Supreme Court hearing scheduled on Friday. The uncertainty in iron ore and the resultant rise in ore prices have led the steel industry to actively consider an upward revision in prices, just days after most companies mentioned of keeping product price levels unchanged. "Iron ore spot prices have been rising by $1-2 daily...
More »26% profit sharing to help increase production: Coal India
-The Business Standard Allaying miners' apprehensions, Coal India today said the 26% profit sharing clause in the proposed Mines and Minerals (Development and Regulation) Act will help mining firms ensure more production. "The proposal had some impact on the stocks. But, people have now realised that with this, land availability will go up and with that, production," Coal India Chairman NC Jha said. Coal India, the country's largest coal miner, is expected...
More »The Institutions of Democracy by Andre Beteille
This essay describes and compares Parliament and the Supreme Court and examines the relationship between them. Parliament may still be a great institution, but its members are no longer great men. How long can a great institution remain great in the hands of small men? The SC has held its place in the public esteem rather better than the Lok Sabha, despite the occasional allegation of financial impropriety. Parliament, the...
More »Rethink the communal violence bill by Ashutosh Varshney
The communal violence bill prepared by the National Advisory Council (NAC) seeks fundamentally to change how the government deals with violence against minorities. The bill focuses on religious and linguistic minorities as well the Scheduled Castes and Scheduled Tribes, but religious minorities are at its heart. The bill has some undeniable strengths, but it suffers from two analytically fatal flaws. First, it places excessive faith in the state machinery. Though...
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