-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...

India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...

-The Telegraph   All chief ministers will be requested to give their suggestions on a proposed land acquisition law in the next one month before the draft goes to the cabinet. Rural development minister Jairam Ramesh today said that his ministry had prepared the draft of the Land Acquisitions (Amendment) Bill which will be sent to chief ministers next week. “We cannot do anything without consulting the states. Land is a state...

The new Land Acquisition Bill is unlikely to set a threshold for government intervention in land purchases, leaving it to the states to frame policies on this politically volatile subject. The Bill will, however, eliminate any scope for discrimination by specifying the same rate of compensation for all affected for land acquired by private developers or the state on their behalf. It will also put the onus of compensation on the...

The Sonia Gandhi-LED National Advisory Council (NAC) — at the initiative of which the Mahatma Gandhi National Rural Employment Guarantee Scheme was rolLED out in UPA-I — is taking a fresh look at how to strengthen it. The NAC wants the scheme to move from its “relief work mode” to one that would blend “natural resources and labour to build productive assets.” When the NAC meets here on Thursday, the Deep...