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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Lokayukta police file FIR against S.M. Krishna, two other ex-CMs
-The Hindu On the orders of the Special Lokayukta Court here, the Lokayukta police on Thursday filed FIR against three former Chief Ministers as well as 11 senior civil servants of Karnataka. External Affairs Minister S.M. Krishna, and MPs N. Dharam Singh and H.D. Kumaraswamy will be investigated by the Lokayukta police in a case in which they have been accused of complicity in the alleged multi-crore mining scam. The investigating agency will...
More »Stopping the loot
-The Hindu A robust new law to regulate mining in India is overdue. The proposed Mines and Minerals (Development and Regulation) Bill, 2011 is the central government's response to a full-blown crisis in the sector. There are several serious issues that the legislation promises to address, such as sharing of profits with project-affected people, environmental sustainability, competitive bidding to improve returns to States, and transparency in grant of permits. A major...
More »New mining law to give Rs 10,000 crore to 60 tribal districts
-The Times of India The Union Cabinet is set to approve a new law that will provide more rights to tribals in commencement and end of mining activity besides providing Rs 10,000 crore annually to 60 tribal-dominated districts. The bill for the new mining law and the repeal of the Mines and Minerals (Development and Regulation) Act, 1957 is on the agenda for the Cabinet meeting scheduled for Friday. The bill, expected...
More »Licence to loot by Ravi Sharma
A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...
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