Business Standard
Tuesday, Feb 14, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Illegal mining, iron ore ban to figure in tomorrow's GoM meet
Press Trust of India / New Delhi Jul 21, 2010, 18:22 IST

Issues pertaining to illegal mining and ban on iron ore exports are likely to figure in a meeting of a ministerial panel, headed by Finance Minister Pranab Mukherjee, tomorrow on the proposed mining legislation.

"The Group of Ministers will seek to sort out inter -ministerial issues on the proposed mining legislation. A debate over illegal mining and provisions in the new legislation to check the same will be further deliberated upon. Also, issue over exports of iron ore is likely to figure in the meeting," a senior Mines Ministry official told PTI.

Last month, the government had formed a 10-member Group of Ministers (GoM) headed by Mukherjee to debate the proposed legislation--Mines and Minerals Development and Regulation Act, 2010--to govern the sector.

The new legislation will seek to attract domestic as well as foreign investments in the mining sector while making the process of granting mining concessions transparent and expeditious.

Besides Mukherjee, the GoM includes Home Minister P Chidambaram, Steel Minister Virbhadra Singh, Law Minister Veerappa Moily, Mines Minister BK Handique, Commerce Minister Anand Sharma, Tribal Affairs Minister Kantilal Bhuria, Planning Commission Deputy Chairman Montek Singh Ahluwalia, Coal Minister Sriprakash Jaiswal, and Environment Minister Jairam Ramesh.

The Mines Ministry has already sent the proposed bill to the GoM, which will consider many issues, including conservation of minerals, powers of granting mining leases, reservation of mineral-bearing areas for PSUs among others.

"After the GoM's deliberations, the bill will be sent to the Cabinet for its approval and then to Parliament," the official said.

The issue of illegal mining has assumed political propositions with the Opposition in Karnataka-- Congress and JD-S--charging the Reddy brothers, ministers in the BJP government with illegal mining. The Centre has expressed its willingness to provide central assistance, including CBI probe, to curb illegal mining practices in the state.

The Prime Minister's Office, which was scheduled to convene a meeting on the subject on July 20, is now expected to take up the matter next week.

Besides illegal mining, Steel and Mines Ministries have been at loggerheads over the ban on exports of iron ore.

Virbhadra Singh last week said that he will raise the matter of banning iron ore exports and also raising export duty on the mineral in the Group of Ministers. Mines Ministry and the mining industry have always been opposed to the move.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens higher on Greek deal
- Oil cos seek compensation for losses on petrol
- Centre for 6% road tax on cars, two-wheelers
- RBI raises bank rate to 9.5%
- Axis Bank reappoints Shikha Sharma as Managing Director
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Office 365 for professionals and small businesses.
- Are You Serious About Your Future? Click here to know more
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Shiv Sena, MNS to charm young voters this V-Day
- Vanita Kohli-Khandekar: The halo around the internet
- SBI: Change in strategy paying
- Hackers bring down Microsoft India website
- A K Bhattacharya: Regulating the regulators
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us