OVER­HAUL OF THE MIN­ING IN­DUS­TRY

Assocham Bulletin - - INDUSTRY -

The ex­ist­ing Mines and Min­eral Act is cum­ber­some and needs sim­pli­fi­ca­tion. Thus the NIT! Aayog has pitched for a new Min­eral (Development and Reg­u­la­tion) Act, which would be less strin­gent and would be en­cour­ag­ing to the min­ers.

In­au­gu­rat­ing the ASSOCHAM In­dia Min­ing Sum­mit, held in New Delhi on July 20, 2018, Mr. Naren­dra Singh To­mar, Min­is­ter of Ru­ral Development, Pan­chay­ati Raj and Mines in­formed that the Min­istry of Mines is con­tem­plat­ing on and is will­ing to adopt the method sug­gested by NIT! Aayog CEO, Mr. Amitabh Kant re­gard­ing ma­jor pol­icy changes to al­lo­ca­tion and op­er­a­tion of mines in the coun­try.

Mr. To­mar also urged the pri­vate sec­tor and pub­lic en­ter­prises to proac­tively par­tic­i­pate in min­eral ex­plo­ration in the vast 8lakh square kilo­me­tre ge­o­graph­i­cal area.

"We need to think upon how can we legally in­crease ex­plo­ration in the pre­sent sce­nario and we need to as­cer­tain the var­i­ous al­ter­na­tives of deal­ing with chal­lenges on this front," said the Min­is­ter.

He also said that the pas­sage of the Mines and Min­er­als (Development and Reg­u­la­tion) Act pro­moted trans­parency in auc­tion process and is help­ing in en­hanc­ing min­eral ex­plo­ration.

"Today the auc­tion process is be­ing car­ried out in a very trans­par­ent man­ner and I am happy to share with you that till now 43 blocks have been suc­cess­fully al­lot­ted and it has gen­er­ated sig­nif­i­cant rev­enue to the tune of INR1.55 lakh crore for the states which would help in re­duc­ing poverty, gen­er­ate jobs for youth, pro­mote in­fra­struc­ture development", said Mr. To­mar. He also said that of these 43 blocks that were auc­tioned, min­ing work had al­ready be­gun on two blocks, while min­ing would com­mence on nine blocks within this year. "While rest of the blocks are un­der process, the states would sub­mit re­port to en­vi­ron­ment min­istry and we would sup­port them in get­ting clear­ance."

Fur­ther, the mines min­is­ter

in­formed that 102 blocks were ready for auc­tion in the coun­try. "We have been urg­ing the states to auc­tion them speed­ily and for­ward it to the cen­tre for en­vi­ron­ment and for­est clear­ance and we will sup­port them in this be­half."

In her ad­dress at the ASSOCHAM con­fer­ence, Dr. Aruna Sharma, Sec­re­tary, in­formed that the team led by union com­merce min­istry was in di­a­logue with US govern­ment on steel tar­iffs.

Dr. Sharma also said that tar­iff is some­thing which is bi­lat­eral and not mul­ti­lat­er­ally ac­cepted norm. ''It is not WTO com­pli­ant, our ba­sic ob­jec­tion to it is that In­dia strongly be­lieves in mul­ti­lat­er­al­ism and mul­ti­lat­eral trade prin­ci­ples and if it is not there In­dia will ob­ject to it." She high lighted that im­port of steel for mak­ing pipes and hot rolled coils has gone up by 0.1 per cent. "Steel pipes are be­ing made and they are in turn be­ing ex­ported, so in that sense it has not made any dif­fer­ence at this point of time."

Adding that govern­ment was alert about steel im­ports from other coun­tries, she- said, "If nec­es­sary, steps will be taken."

Talk­ing about the is­sues per­tain­ing to Goa min­ing ban she said, "It must be re­solved at the ear­li­est, iron ore mines in Goa have very low iron ore con­tent, what is im­por­tant for Goa is to go for ben­e­fi­ci­a­tion to im­prove iron con­tent."

Ear­lier, Mr. Man­ish Khar­banda, Co-chair­man, ASSOCHAM Na­tional Coun­cil on Mines and Min­er­als said that min­ing is an en­abling sec­tor which sup­ports job cre­ation across In­dia. Make in In­dia can be ef­fec­tively ad­dressed through 'min­ing in In­dia' .

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