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Details of Amount Collected & Activities Under District Mineral Foundation Funds

Till December 2021, ₹ 57,411 crore has been collected under District Mineral Foundation (DMF) in the country. Details are in Annexure – I The Central Government under Section 20A of the MMDR Act has issued directions and circulated guidelines for Pradhan Mantri Khanij Kshetra KalyanYojna (PMKKKY) on 16.09.2015 to be implemented by the District Mineral Foundations (DMF) for taking up ...

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Ministry of Coal Auctions 32 Coal Mines So Far

Total of 32 coal mines have been auctioned by Ministry of Coal from FY 2016-17 onwards to till date. Details of coal mines auctioned may be found in the Annexure. Out of afore mentioned 32 coal mines successfully auctioned, four coal blocks having Annual production capacity of 21.6 Million Tonne are situated in the State of Odisha. Total of Rs.7,37,51,41,459/- has ...

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EXPANSION OF MSME SECTOR

Promotion and development of enterprises is a State subject. The Central Government supplements the efforts of the State/UT Governments through various schemes, programmes and policy initiatives for promotion, development and enhancing the competitiveness of MSMEs and to increase employment opportunities in the country. The Ministry of MSME implements various schemes and programmes for growth and development of MSME Sector in ...

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AGC facilitates achieving the government’s ambitious target of 500 GW non-fossil fuel-based generation capacity by 2030

Union Minister of Power and New & Renewable Energy Shri R.K. Singh on Monday dedicated Automatic Generation Control (AGC) to the nation. This is expected to  facilitate achieving the government’s ambitious target of 500 GW non-fossil fuel-based generation capacity by 2030. The AGC is being operated by Power System Operation Corporation (POSOCO) through National Load Despatch Centre. Through AGC, POSOCO sends signals ...

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New Market to Maximise the Sales of Steel by SAIL and RINL

Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are focused on maximising sales through existing and new markets with continuous efforts to improve upon the customer services.  SAIL has set up a country wide network of 4 regional offices, 37 Branch Offices, 41 Distributors and over 3340 Dealers to market their products.  The distribution network of ...

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Safe Trade Policy

Countries including India, party to the World Trade Organization (WTO) are obliged to follow the rules and regulations of international trade under WTO Agreements, including the Most-Favoured Nation (MFN) clause. WTO also provides scope to derogate under specific conditions including National Security provisions. Accordingly, the Export policy of Govt. of India is framed within such parameters. For exports from 01.01.2021, ...

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Import of Low –ash- Coal

Demand of coal is higher than the current level of domestic supply of coal in the country. The entire demand of coal is not met from domestic production as the supply of high quality coal /coking coal (low-ash-coal) in the country is limited and thus no option is left but to resort to import of coking coal. Further, coal imported ...

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Amendment of the Minerals (Evidence of Mineral Contents) Rules, 2015 and the Mineral (Auction) Rules, 2015 to facilitate identification of mineral blocks for auction for grant of Composite Licence

Ministry of Mines has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 and the Mineral (Auction) Fourth Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral Contents) Rules, 2015 [MEMC Rules] and the Mineral (Auction) Rules, 2015 [Auction Rules], respectively. The amendment rules have been framed after extensive consultations with the State Governments, industry associations, miners, ...

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FOREIGN DIRECT INVESTMENT

During the last seven financial years, Foreign Direct Investment (FDI) inflows worth US$ 440.26 billion have been reported in India. FDI inflow in India stood at US$ 45.15 billion in 2014-2015 and has increased since then. The financial year wise details are as under: S. No. Financial Year Amount of FDI inflows (in US$ billions) 1. 2014-15 45.15 2. 2015-16 ...

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Opening of Technical Bids for Auction of Mines for Sale of Coal

The auction process of 88coal mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on October 12, 2021. The last date of submission of Technical Bid was December 14, 2021. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened here today (December 15, 2021) in the presence ...

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