Reports suggest that the government plans to double the offer to landowners who sell land for private projects. AccĆĀording to a provision, which may be included in the revised land bill, land owners may be offered 40 per cent (instead of the earlier 20 percent) of deveĆĀloped land (in proportion to what they lost and at a price equal to the cost of acquisition and development). This might be doubled in the version to be presented in Parliament.
Tag: Parliament
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Mining: Struggling to emerge from doldrums
Karnataka now finds itself in the company of other states in the clamp down on mining and ore transport. This means India will soon drop down in its export rankings of ore, adding to the brewing export and currency troubles. A Shivkamal writes that in this delicate environment, further reforms in mining will prove to be difficult to implement, at least in the near future.
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Cabinet approves new Mining Bill
The Union Cabinet approved the Mines and Mineral Development and Regulation (MMDR) Bill, 2011. The Bill aimed at curbing illegal mining and bringing more transparency in the allocation of licences for mining.The Bill has provisions for 26 percent profit sharing by coal miners and an amount equivalent to royalty by non-coal miners with project affected people.
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We have taken specific steps to curb illegal mining
The Centre has been taking several steps in recent months to guarantee that the amount of mineral mined matches that licensed and transported.
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Draft mining bill gets GoM nod
In November, our cover story debated the draft Mines and Minerals (Development and Regulation) Act, 2010 that will provide 26 per cent of company profit to the locals.