Coal And Mines Bill

Bill Gates was in China on Thursday to meet with global health and development partners, following a string of recent visits to the Asian giant by US business titans.

A string of successful bets on ports, mining and commodities helped transform Gautam Adani from a nondescript diamond trader into a tycoon with a net worth of $10 billion.

Vedanta said the Mines and Minerals (Development and Regulation) Act needs to be amended to make it more attractive.

Welcoming the passage of the Coal Mines (Special Provisions) Bill, 2015 in Parliament, industry on Friday said the new law will boost economic growth as it is a shot in the arm of investors and provides certainty and clarity in the policy regime.

Hours before Parliament breaks for a month-long recess in the Budget session, the Mines and Minerals Bill and the Coal Mines Bill were passed by the Rajya Sabha, with the government managing to swing the support of some opposition parties.

The fate of the contentious mines and minerals bill continues to hang in balance even though the Rajya Sabha - where the government doesn't have number on its own - functioned till late on Thursday night during which there were repeated adjournments.

The government is considering extending the first part of the Budget session by two days as it gets set to push key reforms in the coal and mining sector through Parliament, which is scheduled to break for a month-long recess after Friday, March 20.

A bill that seeks to raise foreign investment in the insurance sector will be taken up in the Rajya Sabha today and is expected to sail through following the government's pact with the opposition on key legislation.

Government today agreed to the opposition's demands of referring the Coal and Mines bill and the Mines and Minerals bill to separate Select Committees that will submit their recommendations by March 18.

On Tuesday, when the Lok Sabha passed the controversial land bill, the Congress and some other opposition parties were not present in the House. They had walked out, signalling to the government that they are united in their resolve to not let its key reforms pass the Rajya Sabha test.

The government is set to introduce six bills to replace a set of Ordinances in the Lok Sabha, the lower house of Parliament, this week. Three bills - the coal bill, the Motor Vehicles Amendment Bill and the Andhra Pradesh Reorganisation (Amendment) Bill - will be placed in the Lok Sabha today.

The Winter session of Lok Sabha was adjourned sine die today after passing a "record" number of 18 legislations, including amendment bills on amend coal mines allocation and labour laws, in 22 sittings.

Stating that the Coal Mines Bill passed by the Lok Sabha on Friday would pave way for privatisation of the sector and hamper Coal India's interests, trade unions of the public sector undertaking have said they would chalk out a strategy on December 15 to oppose any such move.

The report by the national auditor on the massive losses caused by the allocation of coal fields is being refuted by the government, but has led to the Prime Minister suggesting that no mines in the mines and minerals sector be assigned for now. The auditor's report said that because an auction was not held for coal blocks between 2004 and 2009, th...

The Union Cabinet is expected to consider today a new bill on regulating and developing mining activities. The bill will mandate coal companies to provide 26 per cent of post-tax profit for the welfare of affected people, a move intended to benefit mostly tribals.

Bill Gates was in China on Thursday to meet with global health and development partners, following a string of recent visits to the Asian giant by US business titans.

A string of successful bets on ports, mining and commodities helped transform Gautam Adani from a nondescript diamond trader into a tycoon with a net worth of $10 billion.

Vedanta said the Mines and Minerals (Development and Regulation) Act needs to be amended to make it more attractive.

Welcoming the passage of the Coal Mines (Special Provisions) Bill, 2015 in Parliament, industry on Friday said the new law will boost economic growth as it is a shot in the arm of investors and provides certainty and clarity in the policy regime.

Hours before Parliament breaks for a month-long recess in the Budget session, the Mines and Minerals Bill and the Coal Mines Bill were passed by the Rajya Sabha, with the government managing to swing the support of some opposition parties.

The fate of the contentious mines and minerals bill continues to hang in balance even though the Rajya Sabha - where the government doesn't have number on its own - functioned till late on Thursday night during which there were repeated adjournments.

The government is considering extending the first part of the Budget session by two days as it gets set to push key reforms in the coal and mining sector through Parliament, which is scheduled to break for a month-long recess after Friday, March 20.

A bill that seeks to raise foreign investment in the insurance sector will be taken up in the Rajya Sabha today and is expected to sail through following the government's pact with the opposition on key legislation.

Government today agreed to the opposition's demands of referring the Coal and Mines bill and the Mines and Minerals bill to separate Select Committees that will submit their recommendations by March 18.

On Tuesday, when the Lok Sabha passed the controversial land bill, the Congress and some other opposition parties were not present in the House. They had walked out, signalling to the government that they are united in their resolve to not let its key reforms pass the Rajya Sabha test.

The government is set to introduce six bills to replace a set of Ordinances in the Lok Sabha, the lower house of Parliament, this week. Three bills - the coal bill, the Motor Vehicles Amendment Bill and the Andhra Pradesh Reorganisation (Amendment) Bill - will be placed in the Lok Sabha today.

The Winter session of Lok Sabha was adjourned sine die today after passing a "record" number of 18 legislations, including amendment bills on amend coal mines allocation and labour laws, in 22 sittings.

Stating that the Coal Mines Bill passed by the Lok Sabha on Friday would pave way for privatisation of the sector and hamper Coal India's interests, trade unions of the public sector undertaking have said they would chalk out a strategy on December 15 to oppose any such move.

The report by the national auditor on the massive losses caused by the allocation of coal fields is being refuted by the government, but has led to the Prime Minister suggesting that no mines in the mines and minerals sector be assigned for now. The auditor's report said that because an auction was not held for coal blocks between 2004 and 2009, th...

The Union Cabinet is expected to consider today a new bill on regulating and developing mining activities. The bill will mandate coal companies to provide 26 per cent of post-tax profit for the welfare of affected people, a move intended to benefit mostly tribals.