Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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</span></span></code>
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</span></span></code></pre><pre id="cakeErr68039dd1536ca-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-The Economic Times 
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div align=&quot;justify&quot;&gt;
A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;
&lt;br /&gt;
The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;
&lt;br /&gt;
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;
&lt;br /&gt;
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;
&lt;br /&gt;
The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;
&lt;br /&gt;
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 8 July, 2011, http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals-mining/100-mining-royalty-for-the-displaced-in-the-draft-mining-bill-feels-pranab-mu&#039;,
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-The Economic Times 


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A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p&gt;-The Economic Times &lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;&lt;br /&gt;The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;&lt;br /&gt;This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;&lt;br /&gt;The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;&lt;br /&gt;The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;&lt;br /&gt;In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;&lt;br /&gt;The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;/p&gt;
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A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;
&lt;br /&gt;
The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;
&lt;br /&gt;
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;
&lt;br /&gt;
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;
&lt;br /&gt;
The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;
&lt;br /&gt;
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;
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A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by..."/>
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                <strong>100% mining royalty for the displaced in the draft Mining Bill, feels Pranab Mukherjee led panel</strong></h1>
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                <p>-The Economic Times </p><p>&nbsp;</p><div align="justify">A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.<br /><br />The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.<br /><br />This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.<br /><br />The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;Young partner Anjani Agarwal said a share of royalty &quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.<br /><br />The implementability and benefit to local development will also be enhanced.&quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&quot;<br /><br />In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.<br /><br />The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation ) Bill. <br /></div>               </font>
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-The Economic Times 
&lt;/p&gt;
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&amp;nbsp;
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A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;
&lt;br /&gt;
The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;
&lt;br /&gt;
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;
&lt;br /&gt;
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;
&lt;br /&gt;
The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;
&lt;br /&gt;
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;
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&lt;br /&gt;
The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;
&lt;br /&gt;
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;
&lt;br /&gt;
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;
&lt;br /&gt;
The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;
&lt;br /&gt;
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;
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-The Economic Times 


&nbsp;


A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by..."/>
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                <strong>100% mining royalty for the displaced in the draft Mining Bill, feels Pranab Mukherjee led panel</strong></h1>
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                <p>-The Economic Times </p><p>&nbsp;</p><div align="justify">A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.<br /><br />The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.<br /><br />This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.<br /><br />The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;Young partner Anjani Agarwal said a share of royalty &quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.<br /><br />The implementability and benefit to local development will also be enhanced.&quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&quot;<br /><br />In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.<br /><br />The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation ) Bill. <br /></div>               </font>
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-The Economic Times 
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div align=&quot;justify&quot;&gt;
A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;
&lt;br /&gt;
The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;
&lt;br /&gt;
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;
&lt;br /&gt;
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;
&lt;br /&gt;
The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;
&lt;br /&gt;
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Economic Times 


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	&#039;disp&#039; =&gt; &#039;&lt;p&gt;-The Economic Times &lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;&lt;br /&gt;The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;&lt;br /&gt;This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;&lt;br /&gt;The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;&lt;br /&gt;The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;&lt;br /&gt;In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;&lt;br /&gt;The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Economic Times 
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div align=&quot;justify&quot;&gt;
A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;
&lt;br /&gt;
The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;
&lt;br /&gt;
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;
&lt;br /&gt;
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;
&lt;br /&gt;
The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;
&lt;br /&gt;
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;
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-The Economic Times 


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A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by...&#039;
$disp = &#039;&lt;p&gt;-The Economic Times &lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.&lt;br /&gt;&lt;br /&gt;The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.&lt;br /&gt;&lt;br /&gt;This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don&#039;t have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.&lt;br /&gt;&lt;br /&gt;The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;amp;Young partner Anjani Agarwal said a share of royalty &amp;quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.&lt;br /&gt;&lt;br /&gt;The implementability and benefit to local development will also be enhanced.&amp;quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &amp;quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&amp;quot;&lt;br /&gt;&lt;br /&gt;In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.&lt;br /&gt;&lt;br /&gt;The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp;amp; Minerals (Development &amp;amp; Regulation ) Bill. &lt;br /&gt;&lt;/div&gt;&#039;
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-The Economic Times 


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A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by..."/>
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                <strong>100% mining royalty for the displaced in the draft Mining Bill, feels Pranab Mukherjee led panel</strong></h1>
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                <p>-The Economic Times </p><p>&nbsp;</p><div align="justify">A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.<br /><br />The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.<br /><br />This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.<br /><br />The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;Young partner Anjani Agarwal said a share of royalty &quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.<br /><br />The implementability and benefit to local development will also be enhanced.&quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&quot;<br /><br />In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.<br /><br />The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation ) Bill. <br /></div>               </font>
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-The Economic Times 
</p>
<p>
&nbsp;
</p>
<div align="justify">
A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.<br />
<br />
The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.<br />
<br />
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.<br />
<br />
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;Young partner Anjani Agarwal said a share of royalty &quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.<br />
<br />
The implementability and benefit to local development will also be enhanced.&quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&quot;<br />
<br />
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.<br />
<br />
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation ) Bill. <br />
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-The Economic Times 


&nbsp;


A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by...',
	'disp' => '<p>-The Economic Times </p><p>&nbsp;</p><div align="justify">A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.<br /><br />The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.<br /><br />This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.<br /><br />The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;Young partner Anjani Agarwal said a share of royalty &quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.<br /><br />The implementability and benefit to local development will also be enhanced.&quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&quot;<br /><br />In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.<br /><br />The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation ) Bill. <br /></div>',
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-The Economic Times 
</p>
<p>
&nbsp;
</p>
<div align="justify">
A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.<br />
<br />
The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.<br />
<br />
This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.<br />
<br />
The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;Young partner Anjani Agarwal said a share of royalty &quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.<br />
<br />
The implementability and benefit to local development will also be enhanced.&quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&quot;<br />
<br />
In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.<br />
<br />
The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation ) Bill. <br />
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-The Economic Times 


&nbsp;


A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by...'
$disp = '<p>-The Economic Times </p><p>&nbsp;</p><div align="justify">A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry.<br /><br />The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people.<br /><br />This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday.<br /><br />The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&amp;Young partner Anjani Agarwal said a share of royalty &quot;gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans.<br /><br />The implementability and benefit to local development will also be enhanced.&quot; Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for &quot;competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending.&quot;<br /><br />In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco.<br /><br />The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines &amp; Minerals (Development &amp; Regulation ) Bill. <br /></div>'
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100% mining royalty for the displaced in the draft Mining Bill, feels Pranab Mukherjee led panel

-The Economic Times   A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected , according to senior officials in the mines ministry. The panel finalised the draft Mines & Minerals (Development & Regulation) Bill. Major minerals would include iron ore, bauxite, copper and other minerals. Typically royalty is a tax calculated as a percentage of price. The current royalty rate for iron ore is 10% and revenue garnered from royalty go to state governments. The earlier suggestion made by previous mines minister BK Handique had called for alloting 26% of the profit made by all miners for displaced people. This had sparked off vehement opposition from the industry on the grounds that profits from mining operations could be difficult to calculate as most companies don't have separate divisions. The mines ministry did not issue any statement after the meeting which ended late on Thursday. The suggestion to earmark the royalty earned by mining companies, came from Union mines minister Dinsha Patel who suggested pooling the proceeds with district-level bodies called District Mineral Foundation and with non-profit corporate bodies that will oversee disbursal of compensation to local families. Ernst&Young partner Anjani Agarwal said a share of royalty "gives a lot of certainty to the additional revenues that the government can raise, as well as to the industry which can, knowing its outflow, include it in costing and business plans. The implementability and benefit to local development will also be enhanced." Other suggestions from the GoM include that made by Union environment minister Jairam Ramesh , who said that the Bill calls for "competitive bidding for a prospecting licence, large area prospecting licence and mining licence. However there is a proviso that competitive bidding can happen only if no existing applications for prospecting or mining is pending." In keeping with the Hoda committee and the Ashok Chawla Committee on Pricing of Natural Resources, bidding with seamless transition , from prospecting to mining can be allowed for deposits with known mineralisation . Non-exclusive Reconnaissance permits will be granted on a first-come-firstget basis. Mining companies had opposed the 26% profit-sharing clause as it would impact profitability. They have proposed alternatives, including annuity payment and a share of the royalty in a dedicated fund. Companies have also suggested the government impose a 15% export duty on ores which will encourage value addition. Major mining firms include NMDC , Sesa Goa , Coal India , SAIL, Tata Steel and Nalco. The panel also agreed to earmark 26% of the profit made by mining companies in favour of people directly affected The panel finalised the draft Mines & Minerals (Development & Regulation ) Bill.