-Press release by Mineral Inheritors Rights Association dated February 18, 2022 The Rajasthan government on 17th February, has taken a positive step in addressing illegal mining in the State. The Directorate of Mines and Geology, Government of Rajasthan has added an important clause to the Bid letter of the Tender document for auction of major Mineral Blocks. The clause-10 (e) requires the bidder to assert: “I/We have not been convicted of...
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Coal Auction: Independent Analysis Reveals All 42 Companies Violate Norms, Suggests Proper Test -Sumedha Pal
-Newsclick.in An assessment by the Environics trust and the Mineral Inheritors Rights Association shows that not even a single company qualifies the fit and proper person test often used by international agencies as a benchmark for a place in the bidding process of natural resources. For the first time in five decades, India’s coal reserves are up for grabs to private sector bidders. The auction for 38 coal blocks is currently underway....
More »New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
More »All you want to know about coal mine auctions -Satya Sontanam
-The Hindu Business Line Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announcements made by the Centre under the Atmanirbhar Bharat Abhiyan, was already proposed in January through the Mineral Laws (Amendment) Ordinance, 2020. What is it? These auctions invite participants to mine coal blocks by bids on the percentage value of coal sold that they will...
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...
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