Excerpts from the “Report to the People 2009-10” On Ministry of Mines
Following are the excerpts from the “Report to the People 2009-10”, released by the Prime Minister, Dr. Manmohan Singh in New Delhi on 1st June 2010:
Mining
“A complete and holistic reform in the mining sector is being attempted through a new legislation governing the development and regulation of mines and minerals. The reform process will place sustainability and local area development at the centre stage of the reform process. It will bring about transparency, ensure equity, provide a mechanism for addressing issues of delay and discretion, along with incentives to encourage induction of high technology for exploration and for scientific mining practices.
A new royalty regime has been introduced and notified for major minerals, by adopting an ad-valorem principle, wherever feasible. The new rates have been finalized in consultation with the major mineral producing states. With the revision, the annual royalty revenues of States are likely to go up from about Rs. 2400 crore to Rs. 4500 crore per annum.
Stringent action is being taken to prevent illegal mining. Increasing use is being made of modern technologies like satellite imagery and the geo-referencing of boundaries using Global Positioning Systems (GPS). Various measures, including the regulation of the transport of minerals, by rail, road and ports, compulsory registration of end-users and constant monitoring of endemic areas are being firmly implemented. A special task force constituted in the Indian Bureau of Mines has inspected 106 mines and suspended mining operations in 60 cases.”
Following are the excerpts from the “Report to the People 2009-10”, released by the Prime Minister, Dr. Manmohan Singh in New Delhi on 1st June 2010:
Mining
“A complete and holistic reform in the mining sector is being attempted through a new legislation governing the development and regulation of mines and minerals. The reform process will place sustainability and local area development at the centre stage of the reform process. It will bring about transparency, ensure equity, provide a mechanism for addressing issues of delay and discretion, along with incentives to encourage induction of high technology for exploration and for scientific mining practices.
A new royalty regime has been introduced and notified for major minerals, by adopting an ad-valorem principle, wherever feasible. The new rates have been finalized in consultation with the major mineral producing states. With the revision, the annual royalty revenues of States are likely to go up from about Rs. 2400 crore to Rs. 4500 crore per annum.
Stringent action is being taken to prevent illegal mining. Increasing use is being made of modern technologies like satellite imagery and the geo-referencing of boundaries using Global Positioning Systems (GPS). Various measures, including the regulation of the transport of minerals, by rail, road and ports, compulsory registration of end-users and constant monitoring of endemic areas are being firmly implemented. A special task force constituted in the Indian Bureau of Mines has inspected 106 mines and suspended mining operations in 60 cases.”
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