The Supreme Court recently held that a special court being a court of sessions cannot take cognizance of an offence without the case being committed to it by the Magistrate under Section 209 Code of Criminal Procedure
How ore auctions undermine market
The current round has skewed the market in favour of captive users vis-a-vis merchant miners
The March 2021 amendments to the MMDR Act are expected to bring in transformative reforms for the Indian mining sector. Odisha, with huge iron ore resources, has already completed the first phase of iron ore auctions in 2020 and the next lot of auction is in the offing.
There are a few lessons from the previous auction. First, the 2020 auction gave rise to exorbitantly high winning bids, which are irrational and unsustainable. It witnessed bids in terms of revenue sharing premiums ranging from a low of 90.9 per cent to the highest of 155 per cent.