Meghalaya Chief Secretary Ranjan Chatterjee on Saturday asked miners in the State to adhere to the memorandum of understanding (MoU) signed by them with the State Government to prevent taking outside

The Chief Ministers of five mineral-based States on Saturday demanded a rethink on the New Mineral Policy while charging that the document, in its current form, favoured foreign direct investment and

The United Goans Democratic Party has said it is deeply disturbed by news reports that the imposition of a 50 rupees cess per ton on extraction and sale of minerals is a mere ploy to extort money from

Focus on cost-effectiveness: Mr T. Subbarami Reddy (right), Union Minister of State for Mines, and Mr G.V.

advertisement

The Union Cabinet on Thursday gave approval in principle to the long-awaited National Mineral Policy. The new policy is likely to attract foreign direct investment to the tune of $250 million per annum. It is expected open up country's huge untapped mineral deposits besides helping mineral-rich states earn more revenue as it talks about progressing towards an ad-valorem duty structure. An amendment Bill would be introduced during the Budget Session to bring about suitable amendments in the Mines and Minerals (Development and Regulation) Act, 1957.

The government today approved the new National Mineral Policy, which, among other things, proposes the setting up of an independent dispute resolution mechanism

The uk plans to claim sovereign rights over a million square kilometres of the remote seabed off Antarctica. The move is believed to be a prelude for seeking exploration rights over potential