-Reuters India’s efforts to clamp down on illegal mining have handed a $15 billion lifeline to global iron ore giants, and there could be more to come. Steps taken by central and state authorities to clean up the mining and export of iron ore have shut down output in two key producing states, slashing shipments and forcing steel mills to import a raw material the country has in abundance. Now the Shah Commission,...

-The Indian Express Cash transfers seem to be the latest fad. With elections looming, the Prime Minister’s National Committee on Direct Cash Transfers has been tasked with an ambitious mandate to provide vision and direction to enable direct cash transfers of subsidies under various government schemes and programmes to individuals to enhance efficiency. Certain activists warn against an ill-considered and hasty transition from food to cash. Others believe directly transferring the...

-The Indian Express The UPA has long been planning a shift to direct cash transfers for poor households, with a view to replacing the 3.23 lakh crore worth of unwieldy subsidies currently in place. Last year, the then finance minister Pranab Mukherjee had spoken of the famously inefficient food and fertiliser subsidies, and of a comprehensive overhaul through cash transfers. Now, that plan has been fleshed out further. The prime minister...

-Reuters The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of US anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment. Wal-Mart, the world's largest retailer, said last week it has opened internal inquiries or investigations into bribery allegations in Brazil, China and India, which follows an earlier probe in...

-The Economic Times It has never happened since Independence. May be not even in the last 1,000 years what happened during October 2011-September 2012. India exported 10 million tonnes of rice, valued at around $6 billion, becoming the largest exporter of rice, replacing Thailand and Vietnam, generally the two largest exporters of rice. This is now known to many in rice circles. But what is little known is that in 2011-12, India also emerged...