The Supreme Court may soon have to adjudicate over the Goa government's questionable efforts to restart the tainted multi-billion rupee iron ore mining sector, which has been plagued by a Rs.35,000 crore scam involving a nexus of politicians and bureaucrats.
The Congress accused Goa Chief Minister Manohar Parrikar of defying Prime Minister`s Narendra Modi by choosing to renew 27 iron ore mining leases, instead of auctioning them as promised in Modi`s Lok Sabha election manifesto.
The Supreme Court Wednesday said it may consider constituting one or two panels for looking into various aspects of iron ore mining in Goa including fixation of annual cap over the volume of extractions with an aim to preserve the mineral for future generations.
Experts have warned that the mining and quarrying segment is likely to suffer further after a contraction by 2.8 per cent in the first quarter of the fiscal, if the issues plaguing the sector are not resolved immediately.
The Centre-appointed Shah
Commission led by former Supreme Court judge Justice M B Shah
on Monday directed Orissa government to "limit" exploration of
iron ore, observing that natural resources should not be
finished at one go.