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: 150
 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
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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: 151
 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
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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
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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
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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')) {

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        LATEST NEWS UPDATES | Don’t quit mining, give options to tribals: Pranab Mukherjee    </title>
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Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.

&ldquo;Answer does not lie in the companies stopping mining activities...."/>
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Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.

&ldquo;Answer does not lie in the companies stopping mining activities...." />
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                            <font ><br /></font><div align="justify"><br /><font >Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.</font><br /><br /><font >&ldquo;Answer does not lie in the companies stopping mining activities. Answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development,&rdquo; Mr Mukherjee said at a coal summit on Friday.</font><br /><br /><font >Mr Mukherjee&rsquo;s comments came within a month of environment ministry rejecting earlier clearances to Vedanta&rsquo;s Rs 7,000 crore bauxite mining project in Orissa citing violation of green and tribal norms.</font><br /><br /><font >The ministry has also halted land acquisition process for Posco&rsquo;s Rs 54,000 crore steel project in the state citing similar violations. A Group of Ministers (GoM), headed by the finance minister, is deliberating a proposal to give tribals a part of profits in mining projects.</font><br /><br /><font >&ldquo;We are addressing this issue,&rdquo; he said. The GoM has proposed that 26% of the net profit of mining projects should go to the displaced tribals and other affected locals but differences in the government remain.</font><br /><br /><font >Coal Minister Sriprakash Jaiswal on Friday said that the proposal on 26% profit sharing by mining companies should be applied to all public and private companies.</font><br /><br /><font >The steel ministry has favoured concessions for its PSU from the profit sharing proposal introduced in the draft Mines and Mineral (Development and Regulation) Bill.</font><br /><br /><font >Steel minister Virbhadra Singh has gone on record seeking special consideration for companies like SAIL and NMDC as they have been continuously committed to fulfilling their social responsibility obligation.</font><br /><br /><font >&ldquo;Definitely, it should be there,&rdquo; Mr Jaiswal said when asked whether there should be a level playing field for PSUs and private players under the profit-sharing regime. He added that there is no proposal before the Group of Ministers to give concessions to PSUs.</font><br /><br /><font >Coal India Ltd (CIL), which will soon tap the market with its maiden public offer, also supports sharing of profit with project affected people. &ldquo;We are not seeking any concession in profit-sharing,&rdquo; Mr Bhattacharyya said.</font><br /><br /><font >On its proposed IPO, the CIL chairman said that the issue will remain open for high networth individuals (HNIs) and retail investors a day longer than institutional buyers. The miner&rsquo;s 4-day public issue is expected to open on October 18.</font><br /><br /><font >This model (entire one day for retail and high networth individuals) helped several companies, which hit the market with their offers recently, attract more participation from the non-institutional investors.</font><br /><br /><font >The government expects to raise up to Rs 12,000-15,000 crore through Coal India public issue, billed as the country&rsquo;s largest ever. The government is diluting its 10% stake in CIL through this issue. The coal major is offering a discount of 5% on issue price of IPO to its employees and retail buyers. </font><br /><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Dont-quit-mining-give-options-to-tribals-Pranab-Mukherjee/articleshow/" class="re" target="_blank">The Economic Times, 25 September, 2010, http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Dont-quit-mining-give-options-to-tribals-Pranab-Mukherjee/articleshow/</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Don’t quit mining, give options to tribals: Pranab Mukherjee    </title>
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Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.

&ldquo;Answer does not lie in the companies stopping mining activities...."/>
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Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.

&ldquo;Answer does not lie in the companies stopping mining activities...." />
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    <h1 class="cat-box-title">Don’t quit mining, give options to tribals: Pranab Mukherjee</h1>
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                            <font ><br /></font><div align="justify"><br /><font >Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.</font><br /><br /><font >&ldquo;Answer does not lie in the companies stopping mining activities. Answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development,&rdquo; Mr Mukherjee said at a coal summit on Friday.</font><br /><br /><font >Mr Mukherjee&rsquo;s comments came within a month of environment ministry rejecting earlier clearances to Vedanta&rsquo;s Rs 7,000 crore bauxite mining project in Orissa citing violation of green and tribal norms.</font><br /><br /><font >The ministry has also halted land acquisition process for Posco&rsquo;s Rs 54,000 crore steel project in the state citing similar violations. A Group of Ministers (GoM), headed by the finance minister, is deliberating a proposal to give tribals a part of profits in mining projects.</font><br /><br /><font >&ldquo;We are addressing this issue,&rdquo; he said. The GoM has proposed that 26% of the net profit of mining projects should go to the displaced tribals and other affected locals but differences in the government remain.</font><br /><br /><font >Coal Minister Sriprakash Jaiswal on Friday said that the proposal on 26% profit sharing by mining companies should be applied to all public and private companies.</font><br /><br /><font >The steel ministry has favoured concessions for its PSU from the profit sharing proposal introduced in the draft Mines and Mineral (Development and Regulation) Bill.</font><br /><br /><font >Steel minister Virbhadra Singh has gone on record seeking special consideration for companies like SAIL and NMDC as they have been continuously committed to fulfilling their social responsibility obligation.</font><br /><br /><font >&ldquo;Definitely, it should be there,&rdquo; Mr Jaiswal said when asked whether there should be a level playing field for PSUs and private players under the profit-sharing regime. He added that there is no proposal before the Group of Ministers to give concessions to PSUs.</font><br /><br /><font >Coal India Ltd (CIL), which will soon tap the market with its maiden public offer, also supports sharing of profit with project affected people. &ldquo;We are not seeking any concession in profit-sharing,&rdquo; Mr Bhattacharyya said.</font><br /><br /><font >On its proposed IPO, the CIL chairman said that the issue will remain open for high networth individuals (HNIs) and retail investors a day longer than institutional buyers. The miner&rsquo;s 4-day public issue is expected to open on October 18.</font><br /><br /><font >This model (entire one day for retail and high networth individuals) helped several companies, which hit the market with their offers recently, attract more participation from the non-institutional investors.</font><br /><br /><font >The government expects to raise up to Rs 12,000-15,000 crore through Coal India public issue, billed as the country&rsquo;s largest ever. The government is diluting its 10% stake in CIL through this issue. The coal major is offering a discount of 5% on issue price of IPO to its employees and retail buyers. </font><br /><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Dont-quit-mining-give-options-to-tribals-Pranab-Mukherjee/articleshow/" class="re" target="_blank">The Economic Times, 25 September, 2010, http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Dont-quit-mining-give-options-to-tribals-Pranab-Mukherjee/articleshow/</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Don’t quit mining, give options to tribals: Pranab Mukherjee    </title>
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Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.

&ldquo;Answer does not lie in the companies stopping mining activities...."/>
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Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.

&ldquo;Answer does not lie in the companies stopping mining activities...." />
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    <h1 class="cat-box-title">Don’t quit mining, give options to tribals: Pranab Mukherjee</h1>
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                            <font ><br /></font><div align="justify"><br /><font >Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether.</font><br /><br /><font >&ldquo;Answer does not lie in the companies stopping mining activities. Answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development,&rdquo; Mr Mukherjee said at a coal summit on Friday.</font><br /><br /><font >Mr Mukherjee&rsquo;s comments came within a month of environment ministry rejecting earlier clearances to Vedanta&rsquo;s Rs 7,000 crore bauxite mining project in Orissa citing violation of green and tribal norms.</font><br /><br /><font >The ministry has also halted land acquisition process for Posco&rsquo;s Rs 54,000 crore steel project in the state citing similar violations. A Group of Ministers (GoM), headed by the finance minister, is deliberating a proposal to give tribals a part of profits in mining projects.</font><br /><br /><font >&ldquo;We are addressing this issue,&rdquo; he said. The GoM has proposed that 26% of the net profit of mining projects should go to the displaced tribals and other affected locals but differences in the government remain.</font><br /><br /><font >Coal Minister Sriprakash Jaiswal on Friday said that the proposal on 26% profit sharing by mining companies should be applied to all public and private companies.</font><br /><br /><font >The steel ministry has favoured concessions for its PSU from the profit sharing proposal introduced in the draft Mines and Mineral (Development and Regulation) Bill.</font><br /><br /><font >Steel minister Virbhadra Singh has gone on record seeking special consideration for companies like SAIL and NMDC as they have been continuously committed to fulfilling their social responsibility obligation.</font><br /><br /><font >&ldquo;Definitely, it should be there,&rdquo; Mr Jaiswal said when asked whether there should be a level playing field for PSUs and private players under the profit-sharing regime. He added that there is no proposal before the Group of Ministers to give concessions to PSUs.</font><br /><br /><font >Coal India Ltd (CIL), which will soon tap the market with its maiden public offer, also supports sharing of profit with project affected people. &ldquo;We are not seeking any concession in profit-sharing,&rdquo; Mr Bhattacharyya said.</font><br /><br /><font >On its proposed IPO, the CIL chairman said that the issue will remain open for high networth individuals (HNIs) and retail investors a day longer than institutional buyers. The miner&rsquo;s 4-day public issue is expected to open on October 18.</font><br /><br /><font >This model (entire one day for retail and high networth individuals) helped several companies, which hit the market with their offers recently, attract more participation from the non-institutional investors.</font><br /><br /><font >The government expects to raise up to Rs 12,000-15,000 crore through Coal India public issue, billed as the country&rsquo;s largest ever. The government is diluting its 10% stake in CIL through this issue. The coal major is offering a discount of 5% on issue price of IPO to its employees and retail buyers. </font><br /><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Dont-quit-mining-give-options-to-tribals-Pranab-Mukherjee/articleshow/" class="re" target="_blank">The Economic Times, 25 September, 2010, http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Dont-quit-mining-give-options-to-tribals-Pranab-Mukherjee/articleshow/</a><div class="clear"></div>
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Home हिन्दी

Don’t quit mining, give options to tribals: Pranab Mukherjee

Published on Sep 29, 2010   Modified on Sep 29, 2010

Finance minsiter Pranab Mukherjee has favoured a balanced approach on the issue of displacement of tribals due to mining projects, saying that solution does not lie in stopping these projects altogether. “Answer does not lie in the companies stopping mining activities. Answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development,” Mr Mukherjee said at a coal summit on Friday. Mr Mukherjee’s comments came within a month of environment ministry rejecting earlier clearances to Vedanta’s Rs 7,000 crore bauxite mining project in Orissa citing violation of green and tribal norms. The ministry has also halted land acquisition process for Posco’s Rs 54,000 crore steel project in the state citing similar violations. A Group of Ministers (GoM), headed by the finance minister, is deliberating a proposal to give tribals a part of profits in mining projects. “We are addressing this issue,” he said. The GoM has proposed that 26% of the net profit of mining projects should go to the displaced tribals and other affected locals but differences in the government remain. Coal Minister Sriprakash Jaiswal on Friday said that the proposal on 26% profit sharing by mining companies should be applied to all public and private companies. The steel ministry has favoured concessions for its PSU from the profit sharing proposal introduced in the draft Mines and Mineral (Development and Regulation) Bill. Steel minister Virbhadra Singh has gone on record seeking special consideration for companies like SAIL and NMDC as they have been continuously committed to fulfilling their social responsibility obligation. “Definitely, it should be there,” Mr Jaiswal said when asked whether there should be a level playing field for PSUs and private players under the profit-sharing regime. He added that there is no proposal before the Group of Ministers to give concessions to PSUs. Coal India Ltd (CIL), which will soon tap the market with its maiden public offer, also supports sharing of profit with project affected people. “We are not seeking any concession in profit-sharing,” Mr Bhattacharyya said. On its proposed IPO, the CIL chairman said that the issue will remain open for high networth individuals (HNIs) and retail investors a day longer than institutional buyers. The miner’s 4-day public issue is expected to open on October 18. This model (entire one day for retail and high networth individuals) helped several companies, which hit the market with their offers recently, attract more participation from the non-institutional investors. The government expects to raise up to Rs 12,000-15,000 crore through Coal India public issue, billed as the country’s largest ever. The government is diluting its 10% stake in CIL through this issue. The coal major is offering a discount of 5% on issue price of IPO to its employees and retail buyers.

The Economic Times, 25 September, 2010, http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Dont-quit-mining-give-options-to-tribals-Pranab-Mukherjee/articleshow/

Tagged with: Mining

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