Business
Misplaced activism undermining development: The Hasdeo story

What does Parsa in Hasdeo, Chhattisgarh, have in common with the northwest German village of Lutzerath or Brasilia in Brazil? They are hubs for protests against coal mining, with well-funded activists taking the forefront citing lack of protection for indigenous reserves.
In Chhatisgarh, the ‘adivasis’ (tribals) in Hasdeo have been resisting the destruction of their lands because of the coal mines in which Rajasthan government’s owned power company, Rajasthan Rajya Vidyut Utpadan Nigam Limited, has invested heavily for commissioning of 4,400 MW of thermal power stations.
They are supposed to source coal from its three Parsa East-Kanta Basan (PEKB), Parsa and Kente Extension Coal Blocks with annual production of close to 30 million tonnes.
However, it has been able to produce only half of it from the first phase of PEKB Block while both Parsa and Kente Extension coal blocks have failed to take off, courtesy the protests.
Meanwhile, in Brazil, indigenous groups have held many protests to pressure lawmakers into strengthening protection for indigenous reserves and limit illegal activity by miners and ranchers encroaching on their territory.
In Germany, protestors in Lutzerath are protesting the planned expansion of a nearby coal mine as they believe that the village has long been doomed to disappear to allow the gigantic Garzweiler open-pit lignite mine to expand further.
But Parsa’s case differs from Brazil and Germany. The vast majority of Brazil’s electricity is produced by hydro power with just 3 per cent coming from coal, some of which is imported.
Germany, on the other hand, is planning to abandon coal by 2030 as part of the transition away from fossil fuels and toward cleaner energy sources.
In India, the major production of electricity is achieved through coal, which is around 75 per cent of the total power generation. India’s per capita electricity consumption is half of Brazil, one-fourth of China and sixth of Russia among BRIC nations.
India has the fifth largest coal reserves in the world and it is the most affordable fuel for the developing nation.
Also, unlike Brazil, Parsa’s units are not illegal. The five petitions filed by protestors against the coal mines in Parsa at the Chhattisgarh High Court have been rejected.
But both the mines are still facing the heat of the protests, making the financial condition of hundreds of families, who willingly offered their land for the critical mine project a couple of years ago, worse.
Locals are neither able to carry on their agriculture activities nor are there any job prospects due to delayed mining projects. They are compelled to live on the money they received as compensation for their land.
Besides, thousands of direct and indirect jobs in the underdeveloped region, Rajasthan power utility is estimated to pay nearly Rs 2,000 crore to the Chhattisgarh government in terms of various taxes and royalties. Hence, it is critical for the financially weak state-owned power utilities to have captive coal blocks since there are unable to afford expensive imported coal.
But what the activists behind this smear campaign, who the locals believe are sponsored, don’t understand is that Rajasthan will plunge into severe power crisis if it fails to kickstart coal production from the second phase of PEKB Block where it is not possible to recover coal anymore from the first phase. Also, coal production from Parsa and Kente Extension blocks is critical for Rajasthan’s energy security in the future.
A senior official from Ventura Securities last week said steep electricity prices will not only affect households but also have an impact on the overall economy as well. Especially at a time, when the country is trying to be self-sufficient and self-reliant and is in the process of becoming a stiff competitor to international market giants like China.
As far as environmental hazards go, to say that the economic landscape for coal mining has changed dramatically in the past two decades won’t be incorrect.
According to a report by Coal Ministry in 2021, the government has put major thrust on sustainable development in coal mining and is taking multi-pronged action on both environmental and social fronts.
The Coal Ministry has moved forward with a comprehensive sustainable development plan and has initiated its speedy implementation.
Primary focus is on making immediate social impact through Out of Box measures, besides regular environmental monitoring and mitigation during mining operation.
PEKB, Parsa and Kente Extension blocks will be operated by long-term agreement for Mine Development and Operations (MDO) instead of conventional and inefficient short-term contracts for coal excavation.
In the case of MDO model, the mine developer and operator must ensure “responsible mining” practices. This compels mining companies to address the interests of all the stakeholders, including the local community and the government.
According to Indian legal and regulatory frameworks, the lease holder of the coal mine must compensate for tree felling by even higher afforestation. Both PEKB Block’s second phase and Parsa blocks have received all the approvals from the local communities, state and Central government authorities.
Rajasthan is facing hurdles on account of misinformation spread by a handful of professional activists targeting the development of its coal blocks.
The debaters are arguing that Rajasthan’s coal blocks will affect the biodiversity of Hasdeo forests by undermining Rajasthan’s impressive records in afforestation.
Rajasthan power utility has planted more than eight lakh trees to compensate for the impact on the local ecology to make PEKB Block the model mine in the country.
Rajasthan’s power utility is one of the first mining lease holders to deploy heavy duty tree transplanters to relocate more than 9,000 trees instead of cutting them down. Further, Chhattisgarh’s Forest Department has already planted more than 60 lakh trees.
In absence of desired support from the locals of the mining areas, resourceful activists have launched big budget social media campaigns. In April 2022, project-affected people came together in large numbers to urge the Chhattisgarh government to allow Rajasthan for its mining operations. However, the situation is still far from desirable.
National
J&K CM Omar Abdullah makes passionate appeal for statehood restoration

Jammu, June 6: During his welcome address to Prime Minister Narendra Modi in Jammu and Kashmir’s (J&K) Katra town on Friday, Chief Minister Omar Abdullah made a passionate appeal for restoration of statehood.
During his welcome speech for the Prime Minister, CM Omar Abdullah said, “Jenab-e-Wallah (exalted sir), when you inaugurated the Katra railway station towards the end of my first term as the Chief Minister, Manoj Sinha ji was the Union Minister of State for Railways.
“He has been promoted as the Lieutenant-Governor while I have been demoted from the Chief Minister of a state to that of a Union Territory. I am confident that your goodself will soon address the issue and announce statehood to J&K”.
He also praised the Prime Minister for making the dream of a rail link to the Valley a reality.
“I was in class 8 and since then I have been hearing about a rail link to the Valley. The dream has been realised in your time sir.
“The start of the train service to the Valley will save us from the loot of the airlines companies who hike airfare to Jammu from Rs 5,000 to Rs 25,000 whenever the Srinagar-Jammu highway gets blocked.
“I must also pay my gratitude to Atal Bihari Vajpayee, who declared the rail link to the Valley a national priority project and made financial allocations for it,” CM Omar said.
On the stage with PM Modi, CM Omar’s body language was very cordial as the PM engaged him in some close to ear talk.
He was also in the forefront of all the official functions on Friday, including the inauguration of the Chenab Railway Bridge, the Anji cable stayed railway bridge, the flag-off ceremony of two Vande Bharat trains, one from Katra to Srinagar and the other from Srinagar to Katra.
CM Omar was among the dignitaries who welcomed the PM on the stage before the latter’s address to the public in Katra stadium.
Business
RBI reduces inflation forecast to 3.7 pc for 2025-26

Mumbai, June 6: The RBI has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said on Friday.
Taking all these factors into consideration, and assuming a normal monsoon, CPI inflation for the financial year 2025-26 is now projected at 3.7 per cent, with Q1 at 2.9 per cent, Q2 at 3.4 per cent, Q3 at 3.9 per cent, and Q4 at 4.4 per cent.
He pointed out that Inflation has softened significantly over the last six months from above the tolerance band in October 2024 to well below the target, with signs of a broad-based moderation. The near-term and medium-term outlook now gives us the confidence of not only a durable alignment of headline inflation with the target of 4 per cent, as exuded in the last meeting, but also the belief that during the year, it is likely to undershoot the target at the margin.
While food inflation outlook remains soft, core inflation is expected to remain benign with easing of international commodity prices in line with the anticipated global growth slowdown, Malhotra explained.
He pointed out that CPI headline inflation continued its declining trajectory in March-April, with headline CPI inflation moderating to a nearly six-year low of 3.2 per cent (y-o-y) in April 2025. This was led mainly by food inflation, which recorded the sixth consecutive monthly decline.
Fuel group witnessed a reversal of deflationary conditions and recorded positive inflation prints during March and April, partly reflecting the hike in LPG prices. Core inflation remained largely steady and contained during March-April, despite the increase in gold prices exerting upward pressure, Malhotra said.
The outlook for inflation points towards benign prices across major constituents. The record wheat production and higher production of key pulses in the Rabi crop season should ensure an adequate supply of key food items. Going forward, the likely above normal monsoon along with its early onset augurs well for Kharif crop prospects.
Reflecting this, inflation expectations are showing a moderating trend, more so for the rural households. Most projections point towards continued moderation in the prices of key commodities, including crude oil, the RBI Governor said.
However, at the same time, Malhotra had a word of caution. “Notwithstanding these favourable prognoses, we need to remain watchful of weather-related uncertainties and still evolving tariff-related concerns with their attendant impact on global commodity prices,” he added.
International
Man shot in targeted attack in Australian state of Queensland

Sydney, June 6: A man has been hospitalised with serious injuries following a targeted shooting in the Australian state of Queensland.
The Queensland Police Service said on Friday that emergency services were deployed to a house in Parkwood, 65 kilometres southeast of Brisbane, around 7:50 p.m. on Thursday in response to reports that a man had sustained gunshot wounds to his leg and other injuries to his hand.
According to media, the 21-year-old man was found at the scene with serious injuries and was taken to hospital in a stable condition.
A police statement said that initial inquiries indicated that the incident was a targeted shooting and that there was no ongoing threat to the public.
An investigation into the attack was ongoing and police commenced a search for the perpetrator.
In a separate incident, Australian police are investigating a fatal stabbing in a remote outback mining town west of Sydney.
Emergency services were called to conduct a welfare check at a home in Broken Hill, over 900 kilometers from Sydney in the far west outback of the state of New South Wales (NSW), just after 11:50 p.m. on Thursday.
Police officers arrived at the scene where they found a man, believed to be aged in his 40s, with stab wounds to his neck.
He was treated by ambulance paramedics but could not be revived and was declared deceased.
Local police established a crime scene at the house and have commenced an investigation into the man’s death with assistance from the NSW Homicide Squad.
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