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, ...
Read More »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 ...
Read More »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 ...
Read More »Climate Change makes children vulnerable to infectious diseases: Study
Scientists have found that climate parameters accounted for 9-18% of the total infectious disease cases in a study to probe the association between climate parameters and infectious diseases in children under 16-years-of-age in Varanasi-city in central Indo-Gangetic Plane. Climate change driven by anthropogenic activities may challenge the gains in public health over the past many years, particularly in a country like India ...
Read More »Mining Sector Welfare Schemes Introduced
Details of welfare schemes in mining areas, State-wise and fund allocated are as per Annexure-I. Government has taken following actions to check the ensure misuse of District Mineral Foundation Trust Fund which is for welfare of people and areas affected by mining related activities: i. To ensure effective implementation of the PMKKKY scheme in transforming the living standards / ...
Read More »Raising of Mineral Royalty Rates
In exercise of the powers conferred under sub-section (3) of Section 9 of the Mines and Minerals (Development and Regulation) Act, 1957, the Central Government notified the rates of royalty vide Gazette Notification dated 01.09.2014 and royalty rates prior to 2014 were notified vide Gazette Notification dated 13.08.2009. The current rates of royalty on iron ore, chromite, manganese ore, bauxite ...
Read More »Aim to increase the turnover of plastic industry to Rs 10 lakh crore from present level of 3 lakh crore in next 5 years – Shri Piyush Goyal
Shri Piyush Goyal today asked the Plastic manufacturing industry to aim to increase their turnover to Rs 10 lakh crore from present level of 3 lakh crore in next 5 years. He said that huge potential exists to increase the manufacturing of plastic machinery in India and reduce dependence on Imports. Shri Piyush Goyal, Minister for Commerce & Industry, Textiles ...
Read More »Six Technology Innovation Platforms launched to foster technological innovations in Heavy Industries
Ministry of Heavy Industries launched six web-based technology innovation platforms on 2nd July, 2021 in order to bring together the Industry & Academia to foster technological innovations in heavy industries. They offer opportunities to industries to seek optimum solutions for technological problems faced by them from the vast pool of scientific & technical manpower in the academia. The details of the ...
Read More »Measures Adopted to Curb Illegal Mining
The Ministry of Mines, through Indian Bureau of Mines (IBM), has developed the Mining Surveillance System (MSS), in coordination with Bhaskaracharya Institute for Space Applications & Geo-informatics (BISAG), Ministry of Electronics & Information Technology (MeitY) to use space technology for curbing illegal mining activities of major minerals in the country. The system checks upto 500 meters around the existing mining ...
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