This bill approved by the union cabinet 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.

This bill approved by the Union cabinet 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.

See Also

Report: Sustainable development framework for mining sector in India.

Report: Status report for mineral sector for 12th plan.

Report: The Mines & Minerals Bill, 2010.

Report: System of green clearances not working for environment...

Report: CSR of Coal India Ltd.

Report: Sharing mining benefits in Developing Countries.

Report: Tribal movements and livelihoods.

Report: POSCO: the final order.