Funds from mineral auctions for people affected by mining too little: TERI

DMF has only 2-3% share of revenue from mineral block auctions, according to a TERI report

Revenues generated from auctions of mineral blocks have failed to create ample funds for people affected by mining.

A discussion paper by The Energy & Resources Institute (TERI) says that the District Mineral Foundation’s (DMF) revenues set aside for affected communities and regions are only two to three per cent of the total revenue from the auctions of 41 blocks (as on 31 March 2018). DMF revenues were a paltry three per cent of the total amount mobilised from auctions of mineral assets in 2015-16. For FY17 and FY18, the share of DMF continued to be woefully low at two per