It approves 26 per cent share in profits for local people The draft bill proposes setting up of a fund to pay beneficiaries Final legislation likely to be introduced in the winter session of Parliament The Group of Ministers (GoM), headed by Union Finance Minister Pranab Mukherjee, on Friday approved the new Mining Draft Bill, including the provision that mining companies share 26 per cent of profits with local people affected by their...
More »SEARCH RESULT
Total Matching Records found : 252
Mines: 26 p.c. of profit for affected people
The Group of Ministers, headed by Finance Minister Pranab Mukherjee, on Friday cleared the draft mining bill, which makes it mandatory for miners to share 26 per cent of their profits with the people affected by their projects. “It is largely approved. One more sitting of the GoM remains, and after which it will go to the Cabinet. Whatever we have suggested has by and large been approved,” Union Minister for...
More »RTI rescues Rajasthan women from hunger, deprivation by Mamta Jaitly
In Vijaypura village, marginalised women, especially widows, have used the RTI tool to procure food grains under PDS and are living a healthy life. The movement, instigated by a young RTI activist, boasts of achieving the millennium goal of reducing hunger by half in the region. It was from the state of Rajasthan that the Right to Information (RTI) movement emerged as an idea that went on to capture national...
More »Mine Ministry drafts new policy to demarcate ‘go,' ‘no go' areas by Sujay Mehdudia
Will earmark regions out of bounds for mining To identify areas of dense forest cover where mining will not be allowed Bid to avert delay of projects and their getting stalled on environmental grounds Seeking to adopt a holistic approach to the issue of mining and avoid a repeat of the Niyamgiri incident, the Mines Ministry will soon draw up a new policy that would clearly earmark regions that would be out of...
More »New mining authority to have more teeth
Faced with allegations of illegal mining in at least seven states, the government has proposed an independent regulatory authority with powers to investigate and prosecute those indulging in such activities. The proposed National Mining Regulatory Authority (NMRA) will replace the Indian Bureau of Mines, the current regulatory body, which according to the law ministry has not been effective. The NMRA is set to be given sweeping powers, including rejection of orders passed by...
More »
