The Mines and Minerals (Development and Regulation) (MMDR) Bill, which seeks to replace a decades-old mining law, was introduced in the Lok Sabha on Monday, but may become law only by next year as a parliamentary committee is now expected to examine it over the next few months, a mines ministry official said. “The standing committee will be looking at the Bill. They might take two-three months to examine it,” said...
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Mining Bill needs refining by Jaideep Mishra
A new draft Bill holds much promise to augment the development delivery mechanism. It is the new mining Bill, 2011, which has specific provisions for earmarking funds for development purposes in the mineral-rich districts that happen to be the regions with high poverty ratios. Revamped mining legislation can boost transparency in the vexed sector that seems much prone to illegality, corruption and extensive fraud. Further, a well-crafted mining law can actually...
More »Displacement
KEY TRENDS • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...
More »Govt mulls demarcating mining areas to avoid another Niyamgiri
The government is planning to put in place a more transparent mining policy by designating parts of mineral-rich regions as out of bounds for industry because of environmental concerns, a move that can avoid episodes such as the recent ban on mining at Niyamgiri in Orissa but could hurt expansion plans of companies located in such areas. The plan is to divide the country’s mineral-rich regions into so-called ‘go’ and...
More »India interrupted by Sunil Jain
Around a third of India Inc’s investment plans are in states affected by Naxalism. Anyone who’s been reading Mahesh Vyas regularly, including his piece on today’s OpEd page, knows India Inc’s investment juggernaut has rolled on relatively unchecked, despite the global crisis, for the past five years. The investments on hand, the CMIE (Centre for Monitoring Indian Economy) chief’s calculations show, have the potential of increasing India’s GDP by 50 per...
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