Indias iron ore imports ease, exports rise on policy support
Sreenivasa Rao Dasari India registered a significant surge in exports of iron ore, ores and concentrates of copper and chrome during the first half of the 2016-17 financial year while witnessing an encouraging drop in imports of iron ore, ores and concentrates of aluminium, copper, chrome and manganese. Country's iron ore (HS code: 2601) exports were $432.14 million in April-September of 2016-17 financial year from $191.46 million for whole fiscal of FY-16. Iron ore imports eased to $116.87million in the first half of FY-17 from $494.25million in 2015-16 fiscal. India recorded 7.23% growth in mineral production during April-September in FY-17 as against the 9% growth in 2015-16 financial year, according to the latest report from Union Ministry of Mines and Department of ...
LAAR, MMDR, among other key issues to be discussed in post-budget session
The Dollar Business Bureau Financial issues pertaining to Railway and General Budgets for 2015-16, Consideration and Passing of the Bills to replace the Ordinances will be the main focus issues that are expected to be discussed in the post-Budget session on March 9, 2015. Besides a general discussion and voting on Railway and General Budgets, the session is also expected to witness discussions on Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement(LAAR) Amendment Bill, demands for grants on account for the next fiscal and excess grants for 2012-13, among others. Two Bills for replacement of Ordinances like the Mines and Minerals Development & Regulation (MMDR) Amendment Bill, 2015 and Motor Vehicles Amendment Bill, 2015, both ...
Centre moots greater role for States in minerals mining
The Dollar Business Bureau With an aim to expedite the mineral development, the Government of India on Thursday has taken decision to delegate power to the State governments. Notifying 31 major minerals under the minor mineral category, the Indian Union Minister of Steel and Mines Narendra Singh Tomar announced that this move of the Centre is to devolve more power to the States. The Minister was speaking on the sidelines of the 54th meeting of Central Geological Programming Board (CGPB) at Vigyan Bhawan in New Delhi on Thursday. These 31 minerals account for over 55% of the total number of leases and nearly 60% of total leased area. The Minister further said that the Central government wants the Public Sector Units ...
GoI keen to implement MMDR ordinance to attract foreign investments
Sai Nikesh | The Dollar Business The Government of India seems to be moving ahead in a pace towards the implementation of the Mines and Minerals Development and Regulation (MMDR) Amendment Ordinance, 2015, in all the States, with an aim to make the role of mining Ordinance vital in accomplishing Make in India policy. As a process, the Central Government on Wednesday, held a workshop in Odisha to explain the provisions of the MMDR Ordinance to the concerned department officials and stakeholders of the State. This one-day workshop was followed by the Centre’s decision on January 19, 2015, to hold a workshop in all States with officials of the State Governments and other stakeholders to explain the provisions of the Ordinance, ...
