NEW DELHI: Coal India limited (CIL) has deployed more security personnel besides upgrading its infrastructure to check pilferage and theft of coal from its mining areas. The matter has also been taken up with railway authorities to improve security of railway wagons to check the loss during transit. This was informed by Minister of Coal, [...]
NEW DELHI: Coal India’s annual consolidated net will get eroded by around Rs 2,200 crore once the draft MMDR Bill that obligates coal miners to share 26 per cent of their profits with project-affected people is implemented. “As part of our CSR policy, we spend Rs 5 per tonne, or 5 per cent of the [...]
NEW DELHI: India will soon have a benefit-sharing regime for those affected by mining projects, despite protests from industry. The new mining Bill – approved by a 10-member Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee on Thursday – says coal companies will have to share 26 per cent profit with the local [...]
NEW DELHI: The Union government may make it mandatory for coal mining companies to spend a part of their net profit on the welfare of local people affected by the activities. The move, a part of the competitive bidding guidelines being framed by the coal ministry, is in line with the ongoing wave of policy [...]
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