Mining resumption necessary for steady Goa budget: CM

Image
Press Trust of India Panaji
Last Updated : Mar 16 2015 | 9:07 PM IST
The existing suspension of environment clearances (ECs) of mining leases by the Centre is casting a shadow on budget preparations in Goa, where the Government is pushing for its revocation.
Chief Minister Laxmikant Parsekar today said the drafting of budget for 2015-16, to be presented on March 25, is not possible without considering revenue from the mining industry, a key source of income for the coastal state.
Talking to reporters, he said the government doesn't want to table the budget without Ministry of Environment and Forests (MoEF) revoking suspension of ECs of mining leases.
The revocation is required for resumption of mining activity in Goa, where iron ore extraction has come to a standstill since the last over two years, adversely affecting the state's economy.
"I spoke to the Minister (Prakash Javadekar). I told him it is high time the suspension of ECs was revoked. We have completed all formalities required from our side," he said.
The Chief Minister said, "I have told him that I don't want to table the budget without this issue being resolved. We want to consider the revenue from the mining industry, without which budget won't be complete."
Parsekar said the MoEF might revoke suspension "any time".
In 2012, then Environment and Forests Minister Jayanti Natarajan had suspended ECs after the Goa government temporarily barred operation of licences over allegations of illegal extraction.
In April last year, the Supreme Court lifted a ban on iron-ore mining but imposed certain conditions.
*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: Mar 16 2015 | 9:07 PM IST

Next Story