Ordinance to open up coal mining, industry hails move | WeForNews | Latest News, Blogs Ordinance to open up coal mining, industry hails move – WeForNews | Latest News, Blogs
Connect with us

India

Ordinance to open up coal mining, industry hails move

Published

on

Coal-India

New Delhi, Jan 8 : In a bid to open up the coal mining sector to attract global bidders for auctions, the Union Cabinet on Wednesday approved the promulgation of Mineral Laws (Amendment) Ordinance 2020, which would boost FDI in mining and remove end user restrictions.

The Amendment will pave the way for the first phase of coal auction during the current fiscal and will will help private companies do commercial mining of coal other than those in steel and power sectors.

The Ordinance, which will amend the Mines and Minerals (Development and Regulation ) Act, 1957, and Coal Mines (Special Provisions) Act, 2015, would do away with the requirement of previous approval in cases where allocation of blocks was made by the Centre.

The move is likely to usher in competition and reduce coal imports and may also end the monopoly of state-run Coal India Ltd (CIL).

According to the government, the move would speed up the process of implementation of projects, ease of doing business, simplification of procedure and benefit all the parties in areas where minerals are located. Coal and Mines minister Prahlad Joshi said that this will improve ease of doing business.

Industry players have praised the development, terming the move as a major reform.

Dilip Chenoy, Secretary General of industry body FICCI, said that it would pave way for the first leg commercial coal auctions within the ongoing fiscal.

“This decision will do away with the leeway provided to only steel, power and coal washeries and open the commercial coal mining bidding for all the firms. The Cabinet decision will also do away with end-use restrictions of the mining blocks and pave the way for the first leg commercial coal auctions within this fiscal,” he said.

Vikram Kirloskar, President, CII, also said that the opening up of coal mining sector without any end-use restrictions is a welcome move by the government.

Kirloskar was of the view that the opening of the sector will not only lead to import substitution and save on the import bill, but will also create more employment opportunities as mining is a highly employment-intensive sector.

Ajay Kapur, CEO of the aluminium and power business of Vedanta Ltd, said: “The government’s decision to do away with end-user restrictions in coal mining is a landmark reform. It shows its intent towards opening of the coal sector for attracting big ticket investments. With this, the government has addressed a key concern of global coal mining companies.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

India

Congress steps up attack on Yogi Adityanath govt

Punia alleged that UP chief minister Yogi Adityanath said in an interview to a TV channel that migrant workers were responsible for spreading the corona infection.

Published

on

By

PL Punia Congress

Lucknow, May 26 : The Congress has stepped up its attack on the Yogi Adityanath government in Uttar Pradesh, accusing it of putting out fake statistics regarding coronavirus cases and also spreading communal hatred.

Senior Congress leader P L Punia, while addressing a press conference here on Tuesday, said that UPCC president Ajay Kumar Lallu had been sent to jail only because he was helping the migrant workers.

“No one is being allowed to meet the UPCC president and the Congress will not tolerate this injustice,” he said.

Punia alleged that UP chief minister Yogi Adityanath said in an interview to a TV channel that migrant workers were responsible for spreading the corona infection.

Meanwhile, Congress Legislature Party (CLP) leader Aradhana Mishra said that the Yogi government had claimed that 25 lakh migrant workers had returned to UP.

“The government has said that the number of infected persons is 6228 so how can they claim that the 25 lakh migrant workers have brought the infection to UP? The chief minister should explain the basis of his claim,” she said.

Mishra demanded that the state government should come clean on the number of patients, testing figures and preparations made for corona.

Continue Reading

Disaster

Judiciary, govt failed migrant workers: Congress

The court took the cognizance after several petitions were filed, highlighting the plight of migrant workers during the Covid-19 crisis.

Published

on

Worker in India

New Delhi, May 26 : The judiciary and the government had failed labourers, said the Congress, here on Tuesday, after the Supreme Court took suo motu cognizance of miseries of migrant workers, stranded across the country due to the lockdown announced to contain Covid-19 spread.

Terming it one of the worst case of reverse migration, Congress spokesperson Jaiveer Shergill said the rights that couldn’t be enforced on time were meaningless.

“With due respect, the Supreme Court taking cognizance of labourers’ issue after more than 60 days of harsh living and over 80 deaths, is a case of ‘justice delayed is justice denied’,” he said.

The Supreme Court said the media reports had continuously been showing the unfortunate and miserable condition of migrant labourers, walking on foot and cycling long distances.

Issuing notice to the Centre and all states/Union Territories, an apex court Bench, comprising Justices Ashok Bhushan, S.K. Kaul and M.R. Shah, asked them to submit their responses looking into the urgency of the matter.

Stating that the petition will be taken up on Thursday, the Bench asked the Solicitor General to assist the court and bring to its notice all measures taken and to be taken by the Centre by the next date of hearing.

The Bench posted the hearing for May 28 and asked the Registry to serve a copy to Solicitor General Tushar Mehta as well states and UTs.

“Although the central and the state governments have taken measures, yet there have been inadequacies and certain lapses. We are of the view that effective concentrated efforts are required to redeem the situation,” the Bench said.

The court took the cognizance after several petitions were filed, highlighting the plight of migrant workers during the Covid-19 crisis.

Stressing the need for a helping hand to the migrant labourers, the apex court said, “They (migrants) have also been complaining of not being provided food and water by the administration at places where they were stranded or in the way i.e. highways from which they proceeded on foot, cycles or other modes of transport.”

Continue Reading

India

Arrest of UP Cong chief undemocratic: Priyanka Gandhi

He was arrested in a case of fraud and forgery, related to bungling in list of buses submitted by the Congress to the UP government for bringing migrant workers.

Published

on

By

Priyanka Gandhi Election

New Delhi, May 26 : Amid the political slugfest over migrant workers and arrest of UP Congress chief Ajay Kumar Lallu, Congress General Secretary Priyanka Gandhi, here on Tuesday, termed his arrest undemocratic and violation of humanitarian principle, and demanded that he be released immediately.

“Throwing him into prison on baseless charges during a pandemic reveals the undemocratic and opportunistic mindset of the Yogi government and violates all humanitarian principles,” Priyanka Gandhi tweeted.

“We demand justice for him and will continue to fight until it’s delivered,” she said and also tweeted a video clip showing Lallu providing help to migrants.

“Having lived a life of struggle, perseverance and grit, the UP Congress chief knows well the suffering of displaced and marginalised people. He has fought for them steadfastly throughout his career,” tweeted Priyanka.

Lallu was arrested soon after he was granted bail in another case in Agra on Wednesday. Earlier, he had been arrested in Agra on Tuesday for protesting against the government’s refusal to allow movement of buses in the state.

He was arrested in a case of fraud and forgery, related to bungling in list of buses submitted by the Congress to the UP government for bringing migrant workers.

Continue Reading
Advertisement

Most Popular