Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...

Armed with integrated action plans for 35 Naxalite-affected districts in nine states, the Planning Commission is all set to approach the Union Cabinet for a proposed outlay of Rs 13,742 crore to wean away the tribals from sympathising with the Maoists through comprehensive infrastructure and economic development as well as proper implement of the Panchayats Extension to Scheduled Areas (PESA) Act, 1996 and related Scheduled Tribes and other Traditional Forest...

The government is thinking of bringing in a law that would allow the National Investigation Agency to probe cases of illegal mining. The proposal for arming the NIA with this power had come from the Prime Minister’s Office. Sources said the objective was to enable the Centre to break the “mining mafia”. If passed, the proposed legislation will also enable the government to scrap leases of companies engaged in illegal operations, like...

Is it possible to operate hundreds of illegal mines in India for years on end without being detected or prosecuted? And can their illegal operations be legitimised in one stroke and turned into "legit" business without anyone being booked for the stealthy extraction of millions of tonnes of precious ore? If the questions pertain to Orissa, the answer to both questions is yes. The Supreme Court-appointed Central Empowered Committee (CEC)...

If there is one sector that is visibly the intersection of backroom politics, crony capitalism and serious threats to India’s internal security, it is mining. The business of resource extraction has always had its own peculiar economic logic: modern, yet dependent on the land; high-tech, yet somehow, indefinably, with feudal overtones. These anomalies have traditionally been recognised by economists, who categorise mining as the only “industrial” component of the primary,...