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LATEST NEWS UPDATES | Mining project payouts to go to women

Mining project payouts to go to women

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published Published on Oct 5, 2010   modified Modified on Oct 5, 2010


The new mining legislation will make woman of the house chief beneficiary of the compensation for land acquired for mining project, as the government seeks to ensure the large amounts provided go into ensuring livelihood and are not depleted quickly.

This is in sync with the government’s attempt to empower women by giving them a bigger role in financial decision-making.

“Women are known to manage the household finances better than their male counterparts,” said an official in the mines ministry involved in the redrafting of the (Development and Regulation) Bill, 2010.

“The draft mining legislation has given credence to this fact and has proposed that annuity payment to families affected by mining projects will be transferred into the account of female head of the family,” he said.

The petroleum ministry had recently made 50% female ownership mandatory for any cooking gas dealership in rural India under the ‘Rajiv Gandhi Gramin LPG (liquefied petroleum gas) Vitrak Yojana’. The legislation is being finalised after getting inputs from the Group of Minister (GoM) headed by finance minister .

The draft has proposed an annuity equal to 26% of the profit after tax of a mining operation or an amount equal to royalty payment to states (whichever is higher) as compensation to project-affected persons.

In case of a family, the annuity will be calculated for each member and annuity amount will be given to the head of the family.

“We received several representations that regular income could incentivise a male head of the family to remain unproductive and expose the family to hardships. Females are wiser and can manage the regular fund flow for betterment of the entire family,” the official said.

As per the proposal included in the final draft of the mining legislation, the 26% profit of companies from their mining operations go each year to a where it will be pooled to ensure equitable distribution within the district.

The foundation will identify affected individuals and families and transfer the benefit either to their bank accounts or an account opened for transferring benefits under NREGA scheme.

“The Foundation through the help of NGOs will ensure that benefit reaches women beneficiaries and that funds are utilised properly,” the official said.

Though the 26% profit sharing has been opposed strongly by mining companies that think it will render mining operations unproductive, a top official of a leading private sector mining company said involving women in the scheme is a sensible move.

The government’s intention of providing lifetime livelihood support to project affected families as part of the strategy to reduce opposition to mining projects. With their influence in the family, women will hold the key to get family approval to a development projects that compensated them adequately.


The Economic Times, 4 October, 2010, http://economictimes.indiatimes.com/articleshow/6681247.cms


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