Orissa to respond to MMDR Act amendment in a month

Image
Bishnu Dash Kolkata/ Bhubaneswar
Last Updated : Jan 20 2013 | 10:39 PM IST

The Orissa government is likely to finalise its response to the proposed amendment to the Mines and Mineral (Development and Regulation) Act, 1957 (MMDR Act) in a month.

A preliminary meeting was held between the officials of the ministry of mines and the state mines department officials in New Delhi recently. State steel and mines secretary Ashok Dalwai attended the meeting.

The state mines secretaries were apprised about the amended act and were asked to send the comments of their respective governments at the earliest. The Centre plans to introduce the proposed amendment in the coming winter session of parliament.

“We will now work on framing the response to the proposed amendment in the MMDR Act, 1957. The response will be ready within a month”, Dalwai told Business Standard.

Official sources here said, the proposed amendment aims to promote value addition in the allotment mines to the existing players.

The units, which have already made investment on the ground, are proposed to be given preference. While discouraging export of iron ore, the new act intends to encourage use of iron ore inside the country. Besides, it proposes to reduce the time taken for disposal of mining applications to six months.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 14 2009 | 12:47 AM IST

Next Story