Amid a furore over 26 per cent profit-sharing with locals under the proposed new mining law and demands for watering down the provision for PSUs, the Mines Ministry today said its final draft will go with the recommendations of the Group of Ministers. "Based on the discussion of the Group of Ministers (GoM), the final draft of the new mining bill is being prepared by the Mines Ministry and will be...
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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 »Miners may’ve to share revenues with displaced by Subhash Narayan & Rohini Singh
The government is likely to make it mandatory for mining companies to hand over a part of their revenues and make annual payments to land losers, bringing compensation rules in this sector in line with a policy followed by the Haryana government which has won the backing of Congress president Sonia Gandhi. But in a sop to companies, which have been unenthusiastic about earlier plans for profit-sharing, the ministry of...
More »A million tribals have got land rights: Tribal Affairs Minister by Anjali Ojha
Nearly a million tribals have been given land rights under the forest rights act and they will be made stakeholders in development projects, says Tribal Affairs Minister Kantilal Bhuria, as this largely neglected section of Indian society comes to the fore of government policy. “We have received over 28 lakh (2.8 million) representations for land rights, of which 10 lakh claimants have been given land rights,” Bhuria, 60, who is himself...
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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...
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