Page 5 - Mining Sector

'Atmanirbharata' in coal sector: PM to address mining auction launch event

President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event

Lockdown woes: Mining shrinks 27%, manufacturing falls 64% in April

Industries such as vehicles, furniture, leather, tobacco, electrical equipment and fabricated metals recorded a contraction of more than 90 per cent during the month

Covid-19 impact on sectors: A two-quarter wait before growth picks up

The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors

Coal washing not mandatory for supply to thermal plants: Environment min

In a gazette notification on Thursday, the ministry amended the Environment Protection Act to drop mandatorily washing coal for supply to thermal power plants.

Mining and mineral sector impacted due to Covid-19 led slowdown: KPMG

In the construction sector, there is a lack of automation and the resultant dependence on manual labourers. The monsoon is expected to affect the return to normalcy in Q2 of FY21

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

MSMEs to get loans at 9.25% under Centre's Rs 3-trillion package

100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers

Govt ends monopoly over coal; opens mining sector to private players

Joint auctions of bauxite and coal blocks expected to reduce dependence on imports

Miners seek tax rationalisation as Covid mutes demand for minerals

The mining sector is rooting for a uniform tax subsuming all levies and capped at 40 per cent

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate

Budget 2020 dashes hopes of mining sector with no reforms or duty cuts

India's low grade bauxite have become unviable for the producers in international trade

Mining sector's GDP share sees decline due to disruptions in Goa, Karnataka

Closure of mines and disruptions due to changes in legislations has thrown the sector out of gear, curtailing production and endangering jobs

Opening up mining

Removal of end-use restrictions is a major step forward

Taking steps to develop mining sector, formulating new mineral policy: Govt

The central government has also amended the Mineral Conservation and Development Rules, 2017, said Union Mines Minister Pralhad Joshi

India's mining sector needs a strong push

India has not been able to utilise its mineral wealth

Here's why cut in corporate taxes failed to cheer the mining sector

Fimi feels even after the govt slashed the corporate tax rates, the taxation rate is still steep for the mining sector

Karnataka govt cancels NMDC lease for Donimalai mine, opts for auction

The move also creates uncertainty for future mining renewal in Chhattisgarh, where most of the mines are due for renewal in March 2020

Mining sector GVA to slow down to 2% in FY19 from 2.9% in FY18: Icra

Y-o-Y growth in coal output has stayed volatile, falling from 9.7% in July 2018 to a lowly 2.5% in August

Industry want flexibility in mineral use under end-use auction

In June, the Chhattisgarh govt informed the Union mines ministry that it had identified 11 mines for auction during 2017-18

Mineral conclave to focus on exploration policy, raw material scenario

The country's multi-billion dollar mining industry is facing tough challenges amid the weak global commodity market