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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/mining-industry-unhappy-over-profit-sharing-clause-4684/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/mining-industry-unhappy-over-profit-sharing-clause-4684/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/mining-industry-unhappy-over-profit-sharing-clause-4684/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/mining-industry-unhappy-over-profit-sharing-clause-4684/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
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 {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-trace').style.display = (document.getElementById('cakeErr680ff0d394f50-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680ff0d394f50-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-code').style.display = (document.getElementById('cakeErr680ff0d394f50-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-context').style.display = (document.getElementById('cakeErr680ff0d394f50-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680ff0d394f50-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr680ff0d394f50-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 4593,
		&#039;title&#039; =&gt; &#039;Mining industry unhappy over profit-sharing clause&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;mining-industry-unhappy-over-profit-sharing-clause-4684&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4684,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 4593,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Mining&#039;,
	&#039;metaDesc&#039; =&gt; &#039;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 4593,
	&#039;title&#039; =&gt; &#039;Mining industry unhappy over profit-sharing clause&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;mining-industry-unhappy-over-profit-sharing-clause-4684&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4684,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 4593
$metaTitle = &#039;LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause&#039;
$metaKeywords = &#039;Mining&#039;
$metaDesc = &#039;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/mining-industry-unhappy-over-profit-sharing-clause-4684.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause | Im4change.org</title>
    <meta name="description" content="The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Mining industry unhappy over profit-sharing clause</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div style="text-align: justify"><br /></div><div style="text-align: justify">The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Hemant Nerurkar, managing director, Tata Steel, said: &ldquo;I don&rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&rdquo;</div><div style="text-align: justify">Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &ldquo;The implementation of this (would be) very tough.&rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rana Som, chairman-cum-managing director, NMDC Ltd, India&rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &ldquo;No reaction.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">An official from another public sector mining company, on condition of anonymity, said, &ldquo;It&rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &ldquo;This is a death knell for the mining industry. I don&rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&rdquo;</div><div style="text-align: justify"><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-trace').style.display = (document.getElementById('cakeErr680ff0d394f50-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680ff0d394f50-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-code').style.display = (document.getElementById('cakeErr680ff0d394f50-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-context').style.display = (document.getElementById('cakeErr680ff0d394f50-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680ff0d394f50-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr680ff0d394f50-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 4593,
		&#039;title&#039; =&gt; &#039;Mining industry unhappy over profit-sharing clause&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;mining-industry-unhappy-over-profit-sharing-clause-4684&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4684,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 4593,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Mining&#039;,
	&#039;metaDesc&#039; =&gt; &#039;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 4593,
	&#039;title&#039; =&gt; &#039;Mining industry unhappy over profit-sharing clause&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;mining-industry-unhappy-over-profit-sharing-clause-4684&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4684,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 4593
$metaTitle = &#039;LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause&#039;
$metaKeywords = &#039;Mining&#039;
$metaDesc = &#039;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/mining-industry-unhappy-over-profit-sharing-clause-4684.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause | Im4change.org</title>
    <meta name="description" content="The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Mining industry unhappy over profit-sharing clause</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div style="text-align: justify"><br /></div><div style="text-align: justify">The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Hemant Nerurkar, managing director, Tata Steel, said: &ldquo;I don&rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&rdquo;</div><div style="text-align: justify">Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &ldquo;The implementation of this (would be) very tough.&rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rana Som, chairman-cum-managing director, NMDC Ltd, India&rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &ldquo;No reaction.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">An official from another public sector mining company, on condition of anonymity, said, &ldquo;It&rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &ldquo;This is a death knell for the mining industry. I don&rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&rdquo;</div><div style="text-align: justify"><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-trace').style.display = (document.getElementById('cakeErr680ff0d394f50-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680ff0d394f50-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-code').style.display = (document.getElementById('cakeErr680ff0d394f50-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680ff0d394f50-context').style.display = (document.getElementById('cakeErr680ff0d394f50-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680ff0d394f50-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr680ff0d394f50-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 4593,
		&#039;title&#039; =&gt; &#039;Mining industry unhappy over profit-sharing clause&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;mining-industry-unhappy-over-profit-sharing-clause-4684&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4684,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 4593,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Mining&#039;,
	&#039;metaDesc&#039; =&gt; &#039;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 4593,
	&#039;title&#039; =&gt; &#039;Mining industry unhappy over profit-sharing clause&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;mining-industry-unhappy-over-profit-sharing-clause-4684&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4684,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 4593
$metaTitle = &#039;LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause&#039;
$metaKeywords = &#039;Mining&#039;
$metaDesc = &#039;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&amp;rsquo;t gone down well with the industry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Hemant Nerurkar, managing director, Tata Steel, said: &amp;ldquo;I don&amp;rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &amp;ldquo;The implementation of this (would be) very tough.&amp;rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Rana Som, chairman-cum-managing director, NMDC Ltd, India&amp;rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &amp;ldquo;No reaction.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;An official from another public sector mining company, on condition of anonymity, said, &amp;ldquo;It&amp;rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &amp;ldquo;This is a death knell for the mining industry. I don&amp;rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &amp;ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/mining-industry-unhappy-over-profit-sharing-clause-4684.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause | Im4change.org</title>
    <meta name="description" content="The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Mining industry unhappy over profit-sharing clause</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div style="text-align: justify"><br /></div><div style="text-align: justify">The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Hemant Nerurkar, managing director, Tata Steel, said: &ldquo;I don&rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&rdquo;</div><div style="text-align: justify">Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &ldquo;The implementation of this (would be) very tough.&rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rana Som, chairman-cum-managing director, NMDC Ltd, India&rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &ldquo;No reaction.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">An official from another public sector mining company, on condition of anonymity, said, &ldquo;It&rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &ldquo;This is a death knell for the mining industry. I don&rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&rdquo;</div><div style="text-align: justify"><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 4593,
		'title' => 'Mining industry unhappy over profit-sharing clause',
		'subheading' => '',
		'description' => '<div style="text-align: justify"><br /></div><div style="text-align: justify">The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Hemant Nerurkar, managing director, Tata Steel, said: &ldquo;I don&rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&rdquo;</div><div style="text-align: justify">Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &ldquo;The implementation of this (would be) very tough.&rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rana Som, chairman-cum-managing director, NMDC Ltd, India&rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &ldquo;No reaction.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">An official from another public sector mining company, on condition of anonymity, said, &ldquo;It&rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &ldquo;This is a death knell for the mining industry. I don&rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&rdquo;</div><div style="text-align: justify"><br /></div>',
		'credit_writer' => 'The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'mining-industry-unhappy-over-profit-sharing-clause-4684',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4684,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 4593,
	'metaTitle' => 'LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause',
	'metaKeywords' => 'Mining',
	'metaDesc' => 'The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...',
	'disp' => '<div style="text-align: justify"><br /></div><div style="text-align: justify">The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Hemant Nerurkar, managing director, Tata Steel, said: &ldquo;I don&rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&rdquo;</div><div style="text-align: justify">Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &ldquo;The implementation of this (would be) very tough.&rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rana Som, chairman-cum-managing director, NMDC Ltd, India&rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &ldquo;No reaction.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">An official from another public sector mining company, on condition of anonymity, said, &ldquo;It&rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &ldquo;This is a death knell for the mining industry. I don&rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&rdquo;</div><div style="text-align: justify"><br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 4593,
	'title' => 'Mining industry unhappy over profit-sharing clause',
	'subheading' => '',
	'description' => '<div style="text-align: justify"><br /></div><div style="text-align: justify">The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Hemant Nerurkar, managing director, Tata Steel, said: &ldquo;I don&rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&rdquo;</div><div style="text-align: justify">Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &ldquo;The implementation of this (would be) very tough.&rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rana Som, chairman-cum-managing director, NMDC Ltd, India&rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &ldquo;No reaction.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">An official from another public sector mining company, on condition of anonymity, said, &ldquo;It&rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &ldquo;This is a death knell for the mining industry. I don&rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&rdquo;</div><div style="text-align: justify"><br /></div>',
	'credit_writer' => 'The Business Standard, 5 December, 2010, http://www.business-standard.com/india/news/mining-industry-unhappy-over-profit-sharing-clause/417265/',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'mining-industry-unhappy-over-profit-sharing-clause-4684',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4684,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 4593
$metaTitle = 'LATEST NEWS UPDATES | Mining industry unhappy over profit-sharing clause'
$metaKeywords = 'Mining'
$metaDesc = 'The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.Union Mines Minister B K Handique had said...'
$disp = '<div style="text-align: justify"><br /></div><div style="text-align: justify">The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn&rsquo;t gone down well with the industry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Hemant Nerurkar, managing director, Tata Steel, said: &ldquo;I don&rsquo;t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.&rdquo;</div><div style="text-align: justify">Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, &ldquo;The implementation of this (would be) very tough.&rdquo; Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rana Som, chairman-cum-managing director, NMDC Ltd, India&rsquo;s largest and government-owned iron ore mining firm, declined to comment. Som said, &ldquo;No reaction.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">An official from another public sector mining company, on condition of anonymity, said, &ldquo;It&rsquo;s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, &ldquo;This is a death knell for the mining industry. I don&rsquo;t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Kaushik Chatterjee, group chief financial officer, Tata Steel, said: &ldquo;You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.&rdquo;</div><div style="text-align: justify"><br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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

Mining industry unhappy over profit-sharing clause

The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn’t gone down well with the industry. Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM. Hemant Nerurkar, managing director, Tata Steel, said: “I don’t think that is the way forward. Look at the world: no other country has enacted a law like this. There are royalties which in our case (India) is high, compared to those countries.” Malay Mukherjee, chief executive officer, Essar Steel, agreed and added, “The implementation of this (would be) very tough.” Mukherjee said the value of every mineral is different and the profit sharing will vary on a mine-to-mine basis. Rana Som, chairman-cum-managing director, NMDC Ltd, India’s largest and government-owned iron ore mining firm, declined to comment. Som said, “No reaction.” An official from another public sector mining company, on condition of anonymity, said, “It’s a noble thought but there is so much complexity involved in its implementation, I have my doubt if such a lofty idea would we put into action.” S B S Chauhan, advisor, Federation of Indian Mineral Industries, said, “This is a death knell for the mining industry. I don’t think any foreign company would like to invest in the exploration business in India because of this profit sharing clause. More, this will defeat the National Mineral Policy of 2008, which primarily talks about attracting private participation in exploration, etc. Who will invest now?” He said Indian mining is heavily taxed and now, with the royalty and profit sharing, miners will find it very difficult to survive. Kaushik Chatterjee, group chief financial officer, Tata Steel, said: “You might talk about 26 per cent profit sharing: How will you translate that into development for the people? The point is that the lack of development has not been due to a lack of funds. How do you frame the institutional framework, so that the money actually goes towards development of infrastructure of that place and that model? One has to think properly.”