-Scroll.in Mining companies stand to benefit from one of the amendments being pushed through without proper public consultation. India’s mining law enables the government to recover 100% of the value of minerals extracted illegally. Based on this provision, in August 2017, the Supreme Court of India ordered the recovery of Rs 17,576 crore from mining companies that had extracted iron ore and manganese in Odisha in violation of environmental laws. If the Modi...
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Activists Oppose 10-day Public Consultations on Mining Reform, Seek Extension -Abir Dasgupta
-Newsclick.in Members of civil society and concerned activists have condemned a proposal for Mining Reforms issued by the Ministry of Mines. The notice that was made public on August 24 proposing substantive changes to mineral laws, rules, and regulations, is seeking public comments within a period of 10 days. Bengaluru: On August 24, the Union Ministry of Mines posted on its website a “note on proposal for Mining Reforms”. The note detailing...
More »Government compromises on Pre-Legislative Consultation Policy (2014) and RTI Act to push forward Mining Reforms, allege civil society activists
--Press release by Mineral Inheritors Rights Association (MIRA) dated 27th August, 2020 The Ministry of Mines has put up a notice on 24th August, 2020 seeking public comments on substantial matters of reform of mineral laws, rules and regulations within a period of 10 days, i.e. 3rd September, 2020. The state governments have not yet been consulted and a 10-day period for the states to respond undermines the federal spirit of...
More »Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John
-BusinessToday.in Finance Minister Nirmala Sitharaman's reform announcements related to coal, aviation, power sectors will suit these players * Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks * Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence * Adani Enterprises Ltd had recently emerged as the highest bidder for six airports * Adani bought the Mumbai...
More »What is behind the GDP growth falling to 5% -Radhika Merwin
-The Hindu Business Line Apart from slowdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...
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