-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...

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...

-The Indian Express   For the past year, land issues have been a spark for anger and political confrontation all over the country, and the Supreme Court’s recent intervention in Greater Noida land acquisition has underlined the urgency of discovering a political solution. Meanwhile, the Reserve Bank of India said at the beginning of this year that investment would slide unless land issues were sorted out. And, sure enough, FDI numbers have...

A government panel has said the 'Go, No-Go' concept of forest area classification for clearances tocoal blocks is legally not tenable and should be abandoned. The environment ministry's ban on mining in areas of thick forest cover has locked away millions of tonnes ofcoal reserves. According to the power ministry, coal shortage is likely to hold up new power projects of over 17,000 mw aggregate capacity. This has triggered debate among...

-The Business Standard   The All India Congress Committee (AICC) general secretary Rahul Gandhi today said he would back the Posco project if the steel major provided proper rehabilitation else he would throw his weight behind the agitating people. “Posco project will bring development. We are not against development. If Posco provides proper rehabilitation, we will be with Posco. If it fails, we will be with the agitating people,” he said while...