PlanComm convenes meeting to discuss mining issues
Quotes

PlanComm convenes meeting to discuss mining issues

Last Updated: Monday, November 4, 2013, 16:25
 
 Comment 0
 
PlanComm convenes meeting to discuss mining issues
New Delhi: Planning Commission has convened a high level meeting of concerned ministries on Thursday to discuss issues related to mining, including the ban on such activities in some states, to boost output.

A high-level meeting of the ministries concerned is scheduled on November 7, for discussing the issues related to mining sector, a source said.

Planning Minister Rajeev Shukla had earlier said a meeting of secretaries of concerned ministries has been called to deliberate the issues related to mining sector particularly the ban on such activities in some states.

According to the minister, representatives from the Department of Land Resources under the Ministry of Rural Development, and those from ministries of environment & forest, and mines will participate in the meeting.

According to government's latest industrial production data, mining output contracted by 3.4 percent in April-August period compared to a dip of 1.8 percent in the same period in 2012-13.

In August, the mining production contracted by 0.2 percent compared to a decline of 0.3 percent in the same month of last year.

The decline in production is mainly attributed to the ban on mining in the mineral-rich states of Karnataka and Goa.

The ban in Karnataka was partially lifted in April this year, while Goa miners hope the ban to be lifted soon.

According to national accounts data, the mining and quarrying output is projected to come down to Rs 25,568 crore at factor cost (2004-05 prices) in value terms this fiscal from Rs 26,302 crore in 2012-13.

The government's provisional data reveals that the mining and quarrying output contracted by 2.8 percent for first quarter (April-June) this year compared to a growth in production by 0.4 in the same period last year.

Following the ban in iron ore mining in Karnataka in July 2011 and in Goa in September last year, India has gradually lost its place in the exports market.



PTI

First Published: Monday, November 4, 2013, 16:25


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved