Draft Mining Bill

Mining is the one of the most crucial sector, which has not seen any reforms since independence. But now the decks are clear for changing the archaic Mines and Mineral Development and Regulation Act (MMDR Act), 1957, as the Group of ministers have now cleared the proposal. A ministerial panel, headed by Finance Minister Pranab Mukherjee, on...

Call it the Rahul Gandhi effect or maybe it was his Niyamgiri visit which did the trick. The natives of mining affected areas could be in for some good news.The Group of Ministers(GoM) headed by Finance Minister Pranab Mukherjee has given a go ahead to the draft Mining Bill.The Bill seeks that miners share about 26 percent of profits with local peo...

Mining is the one of the most crucial sector, which has not seen any reforms since independence. But now the decks are clear for changing the archaic Mines and Mineral Development and Regulation Act (MMDR Act), 1957, as the Group of ministers have now cleared the proposal. A ministerial panel, headed by Finance Minister Pranab Mukherjee, on...

Call it the Rahul Gandhi effect or maybe it was his Niyamgiri visit which did the trick. The natives of mining affected areas could be in for some good news.The Group of Ministers(GoM) headed by Finance Minister Pranab Mukherjee has given a go ahead to the draft Mining Bill.The Bill seeks that miners share about 26 percent of profits with local peo...