-The Business Standard SC may have lifted the ban on mining in the state but it will be a while before exports resume in right earnest A lot was riding on Goa's iron ore mines till the Supreme Court clamped down on them in September 2012. As much as 40 million tonnes of iron ore was being mined every year. Fifteen thousand people worked in these mines. Another 80,000 operated the...
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Monthly WPI inflation stood at 4.68% in February
-Press Information Bureau (Ministry of Commerce and Industry) The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of February, 2014 has remained unchanged at its previous month level of 178.9 (provisional). INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.68% (provisional) for the month of February, 2014 (over February,2013) as compared to 5.05% (provisional) for the previous month and 7.28% during the corresponding...
More »Mining Bill lapses, sector avoids 'meltdown'
-The Business Standard The future of the Bill will be decided by the next government The United Progressive Alliance's (UPA) attempt to overhaul the 50-year legislation governing the corruption-ridden mining sector has fallen through with the new mining Bill lapsing. The Mines and Minerals Development and Regulation Bill had proposed sharing of miners' profits with the project-affected, among others, but with the Lok Sabha being dissolved, the Bill has lapsed. Many from the sector...
More »Shove Comes To Push -Lola Nayar
-Outlook The real story of a ‘decisive' UPA blowing away the eight-year cloud around Posco's project Bend It Like Moily Seven reasons why UPA's pre-poll green clearance for Posco is more about spiel than steel Posco got green clearance after the sudden removal of MoEF Jayanthi Natarajan, who was reluctant to sign on the file. The nod came days before South Korean President Park Geun-hye's visit;...
More »Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2013
-Press Information Bureau The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of December, 2013 declined by 1.3 percent to 179.2 (provisional) from 181.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.16% (provisional) for the month of December, 2013 (over December, 2012) as compared to 7.52% (provisional) for the previous month and 7.31% during the corresponding month...
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