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GMPF blames Goa foundation for loss of over 3L livelihoods By IANS | Published on Wed, Feb 3 2021 14:21 IST | 0 Views Coal mine.. Image Source: IANS News New Delhi/Goa, Feb 3 : During the recent meeting of Goa Mining dependents under the banner of Goa Mining Peoples Front (GMPF) at Kalsai, Dharbandora Taluka South Goa, GMPF, strongly alleged that irresponsible actions of Goa foundation as the reason for stoppage of Goa mining industry which has resulted in loss of over 3 lakh livelihoods and complete collapse of state economy. GMPF condemns Goa Foundation for intentionally creating repeated hurdles to the mining activities in the state and strongly urged Goa Foundation to support immediate resumption of Goa mining during the upcoming court hearing. ....
Though the fine print and official confirmation of the mining sector reforms the Union Cabinet approved on Wednesday are yet to come, industry players are elated at the steps taken. There are, however, concerns over implementation at the state level and the environmental impact of mining. “Directionally, it is a good set of reforms. But since implementation is with state governments, the key lies in how each state executes it at its end. Even today, for a final go or no go, in terms of approvals, it takes about three-four years, and this scares away investors,” said Ritabrata Ghosh, assistant vice president (corporate ratings and industry research) at ICRA. ....
The amendments, now to be laid before Parliament in the Budget session, do away with distinction between captive and non-captive mines, allowing transfer of mining leases. ....
The Union Cabinet is learnt to have approved a reform package for the mineral mining sector which would entail amendments to three existing laws, pricing formula for minerals, exploration of mines and several taxes and duties levied on mining. Officials said this is expected to boost production and private investment in the sector. The Centre has removed the distinction between captive (self-use) and merchant (commercial sale) mines. The Centre would amend the Mines and Minerals (Development and Regulation) Act, 1957 (MMDRA) to enforce the reforms. Senior officials said the amended MMDRA would be placed in Parliament in the upcoming session. Under the proposed reforms, captive mines would be allowed to sell 50 per cent of the minerals excavated in a year. The Centre has also proposed to give 50 per cent rebate in the quoted revenue share, for the quantity of mineral produced and dispatched earlier than scheduled date of production ....