Mining is a contentious subject. It generates almost as many viewpoints and positions as the number of its contestants. It is, unarguably, a core industrial sector and crucial for India’s economic growth. It is growing at a rapid pace – between 1993 and 2005, the mining sector showed a compound annual growth rate of 10.7 per cent. It is likely to grow at a much faster rate in coming years. Post-liberalisation, mining is being done not only to satisfy India’s domestic requirements, but also to meet the growing international demand. China, in particular, has emerged as a major market for Indian minerals.
MORE +Centre for Science and Environment (CSE) released its report on profit sharing in Ranchi, Jharkhand on August 5, 2011. The report is a detailed analysis of the profit sharing mechanism, international practices being followed in different countries, the need for profit sharing, etc.
MORE +Instituted in March 2015 under India’s central mining law, the Mines and Minerals (Development and Regulation) Act (1957), District Mineral Foundation (DMF)
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ASIA-AFRICA REGULATORS CONCLAVE ON SMART & AFFORDABLE MONITORING
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