Page 10 - Mineral Sector

Mineral sector could be potential driver of high growth: CII to NITI Aayog

A recent study pegged the employment potential of the mining sector at over 4.8 million direct jobs by 2025

Centre asks states to pick 5 new mineral blocks with clearances for auction

The identified blocks would be auctioned along with other blocks without pre-embedded clearances

Mining leaseholders urge govt to honour concessions saved under regulations

Fimi says existing leaseholders have invested huge resources and time to undertake risky exploration activities and have helped India to discover valuable mineral deposits

Effective regulations and coherent policy essential for mining sector

The Ministry of Mines is now proposing a major shift in policy that can bring more than 700 mineral blocks into the auction mandate

Budget 2020: Fimi pushes for waiver of 15% duty on bauxite exports

Non-plant grade bauxite has limited avenues of usage in India and thus it was mostly exported but the duty on its export hampered business

Unshackling the mineral sector

The national mineral policy now being formulated should set out a specific road map for the sector, and indicate the extent to which mining can contribute to the country's GDP