Cabinet approves landmark legislation
The Union Cabinet on Friday approved the landmark Mines and Mineral Development and Regulation (MMDR) Bill, 2011 that provides for mining companies to keep aside 26 per cent of their net profits for a Mineral Development Fund to be used for the development and rehabilitation of project-affected people in tribal areas. For the non-coal companies, the amount will be equivalent to the royalty they pay.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/share-profits-tribal-areas-new-mining-bill
[2] http://admin.indiaenvironmentportal.org.in/category/author/sujay-mehdudia
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/hindu-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/tribals
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/development
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/rehabilitation
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-industry-0
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mines-and-minerals-development-regulation-mmdr-bill-2010
