-Newsclick.in Allowing 100% FDI in coal mining is raising apprehensions that foreign companies will now ‘plunder’ mineral resources for commercial purposes for sale in the open market. The Narendra Modi government’s decision to allow 100% foreign direct investment (FDI) in coal mining has been opposed by the Left on the ground it would enable multinational mining companies to “plunder” the country’s mineral resources. Those supporting the move, however, argue that foreign investment in...
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Why has coal mining been opened up?
-The Hindu The approved methodology for auction of coal mines / blocks for sale will prioritise on transparency and ease of doing business. The Centre opened up commercial coal mining for the private sector on February 20. About 70% of power generated in India uses coal. Domestic coal has been able to meet only 75% of our annual coal demand. * What is the significance of the move? The government has termed it the...
More »Nationwide strike by trade unions today, essential services likely to be hit -Saubhadra Chatterji
-Hindustan Times New Delhi: Government transport in Haryana, Karnataka and Telangana, industrial areas in the National Capital region, hotels in Himachal Pradesh and banks and insurance offices across India may not function on Friday as central trade unions will hit the streets for a general strike. Last year, the trade union’s strike saw an estimated 15 crore workers take the day off. “This year we expect the figures to be higher,” said...
More »Decisions of the people, by the people, for the people -Ashish Kothari
-The Hindu People’s objections, from Chhattisgarh to Odisha, against large development projects have brought out the real power of the Forest Rights Act of 2006. Democracy is alive and kicking in India. No, I am not referring to the Assembly elections. It is unfortunate that the term democracy has been reduced to the drama of periodic elections and the subsequent reliance of the electorate on politicians and bureaucrats. When these powerful few...
More »Why the land wars won’t end-Anumeha Yadav
-The Hindu Most of the acquisitions by the Central government and public sector companies in the country's resource-rich State are under laws that bypass the new land Bill The UPA has claimed the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (LARR) Bill 2013 passed by both Houses will reduce forcible acquisition and help tackle Naxalism in mineral-rich areas. But with Coal Bearing Areas Acquisition and Development (CBA)...
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