Government Auction
Govt cancels auction of 11 critical mineral blocks due to poor response
The government has cancelled the auction of 11 critical mineral blocks in the fourth round due to poor response. While no bids were received for four blocks, the remaining seven mines got less than three technically qualified bidders, according to the annulment notice. The four blocks which include tungsten and glauconite, are located in the states of Chhattisgarh and Arunachal Pradesh. "Since there were nil bids received....the auction process for four mineral blocks stands annulled," the notice said. Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play crucial roles in the production of clean energy technologies, ranging from wind turbines to electric vehicles. "Since there were less than three technically qualified bidders...the auction process of these seven mineral blocks stands annulled," the notice said. The government had earlier cancelled the auction of three critical mineral blocks in the third round, 14 blocks in the second round, and 14 in
 "Govt cancels auction of 11 critical mineral blocks due to poor response")
Five more firms look for govt approval to set up e-commerce export hubs
As many as five more firms have submitted their applications to the government to set up e-commerce export hubs in the country and a decision on this is expected soon, a senior official said. Logistics aggregator Shiprocket and air cargo handling company Cargo Service Centre (CSC) have already been selected by the government on a pilot basis to set up these hubs in the country. "We have received five more applications, including from DHL and Lexship. Out of the five, we have shortlisted three. We are going to decide on these applications soon," the official said. Two of the hubs will come in and around Delhi airport and begin operations in February next year. It will have facilities for expedited customs and security clearance in-house. Provision for quality and certifying agencies will also happen within the hub. It will also have an easy re-import policy, he added. This policy will enable the return of e-commerce consignments and rejects without payment of import duty. The offi
 "Five more firms look for govt approval to set up e-commerce export hubs")
Rajasthan govt plans e-auctions for mines, minerals to boost production
Mines Minister Pramod Jain Bhaya said the auction of the mining plots increased the revenues of the state government and stopped illegal mining
 "Rajasthan govt plans e-auctions for mines, minerals to boost production")
Government to auction 55 blocks for oil and gas exploration on Thursday
The blocks or areas that receive EoIs are put up for auction with the originator or the firm that originally selected the area getting a 5-mark advantage
