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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...

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Land acquisition challenges can be overcome by S Sanandakumar

Kerala has not been very successful in the past to consistently attract big-ticket investments . The absence of strategic investments in key sectors has always been a hurdle in the state's path to economic prosperity. The new chief ministerOommen Chandy, known for speedy decision-making , wants to change this scenario. He has already been able to swing public opinion in his favour by addressing long-pending issues such as the Smart...

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Concern over Corruption by Prabhat Patnaik

There is no gainsaying that corruption breeds cynicism which undermines the democratic foundations of our polity. There is no gainsaying, too, that corruption results in a net shift of resources away from the poor. There can therefore be no two opinions about the need for controlling corruption through an appropriate lok pal bill. But the impression is unavoidable that the current hullabaloo about ‘corruption’ constitutes a case of mistaken identity:...

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Lokpal Bill row: Delhi Police deny Team Anna permission to hold fast

-The Times of India   Delhi Police on Friday denied permission to veteran social activist Anna Hazare to hold an indefinite hunger strike at the Jantar Mantar in New Delhi on August 16. The Delhi Police referred to the Supreme Court's 2009 order to deny team Anna permission for the indefinite strike anywhere in Delhi, the Times Now channel reports. The police, in its letter to Hazare, said that as Parliament would be...

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Cabinet okays fund for unorganized sector

-The Times of India   The Union Cabinet on Thursday cleared setting up a national level social security fund for unorganized workers. The proposed National Social Security Fund will have an initial corpus of Rs 1,000 crore and will benefit 43.3 crore workers in the unorganized sector. Unorganized workers form the most significant part of total workers in the country and suffer from cycles of employment and absence of social security...

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