Connect with us

National

India’s economic expansion to boost mining: President Kovind

Published

on

New Delhi: India’s GDP and a larger developmental process will gain momentum over the coming decades and in turn bolster the mining and minerals sector, President Ram Nath Kovind said today.

He also asserted that eventually, the local communities must benefit from the discovery, extraction and development of mineral resources.

The reform process set in motion in the mining sector four years ago is bearing rich dividends and will enhance the fiscal health of states, Kovind said at the National Geoscience awards event here.

“India is one of the fastest growing major economies in the world. Our GDP, as well as our larger developmental process, is set to accelerate over the coming decades. The mining and mineral sector is poised to grow as a result of this expansion of the economy. At the same time, it will also be a driver of economic expansion,” he said.

India’s per capita consumption of many resources and commodities is still very low by global standards and there is room to grow, he said, adding that as more cities, houses and infrastructure are built, the use of key resources will rise.

Kovind said India needs high-quality research initiatives for sustainable, ecologically-friendly resource generation and meaningful investment in technological innovation in the mining sector.

“That is why reforms in the mining sector have been pushed by the government over the past four years. These reforms, including amendments to existing laws and establishing a more equitable system of royalties, are starting to show results,” he said.

Stating that a number of mineral blocks are being explored, he said steps taken by the Ministry of Mines have led to ithe dentification of promising mineral blocks in states for auction and this will go a long way in enhancing the financial health of the states and allow them to spread the benefits from mining of resources.

However, he cautioned, “We must be mindful of the human side of mining. Many of our mineral resources are found in regions that have been the home of tribal communities for generations.

“It is important that these communities are part of the prosperity that the mining economy creates. Rehabilitation and resettlement of our tribal brothers and sisters… must be done in a sensitive and satisfactory manner.”

At the same time, he said, the mining process itself must incorporate the best available safety and health mechanisms for mining workers as well as for their families, who often stay in close proximity to mining sites besides minimizing the environmental impact of mining and resource extraction.

“If this requires using technologies that add to extraction costs, then we cannot shy away from that. India must mine more but India must also mine better and in a sustainable manner,” he emphasised.

The President further said that social expectations from the geoscientific community have increased significantly in recent years.

He added that with deep understanding of landform dynamics, it has an important role to play in enhancing agricultural productivity and farmer incomes; in providing a bedrock to the Smart Cities initiative; and in helping citizens fight the challenge of water scarcity, which has emerged as a pressing problem.

He said, “The implications of geosciences are not limited to just prospecting mines. Whether it is to build railway lines or communication corridors; make assessments for river linking projects or investigate natural hazards such as earthquakes and landslides; manage our coasts and deserts in a time of climate change; or add value to agriculture and help develop new urban centres the applications of geosciences are extremely diverse and extremely useful.”

Kovind also stressed the need for assessing the potential of offshore resource base saying exploration by marine geoscientists must be encouraged as India has a long coastline and a sizeable marine zone that holds many treasures and “So far we have scratched the surface.”

He said that in March 2020, less than two years from now, India will host the 36th International Geological Congress, the biggest in the world.

Rural Development, Panchayati Raj and Mines Minister Narendra Singh Tomar said 36 blocks bearing major minerals other than coal, explored by GSI and auctioned recently will fetch additional revenue to the tune of Rs 1.11 lakh crore to states.

He said adequate provisions under the Mines and Minerals (Development) and Regulation Act has been done and District Mineral Funds have been created to address the concerns of villagers impacted by mining in mineral-rich states.

National

Kerala Floods: Diageo India donates 1 crore for the Kerala relief fund

News Desk

Published

on

Kerala

Thiruvananthapuram | India’s leading beverage company Diageo India on Sunday donated 1 crore rupee towards the Chief Minister Disaster Relief Fund (CMDRF) for the flood-affected people of Kerala.

Kerala is facing one of the worst floods in his history with the loss of 21,000 crores already been suffered by the state. Around 6,80,247 people have been forced to stay in relief camps due to constant rains and flood like situation in the state. Chief Minister P Vijayan has appealed to the citizens of Kerala to stay ‘united as one’ to tackle this difficult situation faced by the state.

Kerala Chief Minister P Vijayan today met Diageo India’s officials and acknowledged their contribution towards the relief work of the state. After meeting the Kerala Chief Minister, Diageo India COO (South) Mathew Xavier said, “Our thoughts and prayers are with the people of Kerala in this difficult time. It is our endeavour to support communities during tough situations, and our contribution is a step towards rebuilding the state. We will continue to provide any additional help that the state may require in the days to come.”

Meanwhile, the MET department has informed that the state could get a relief from rains in the next 24 hours. Similarly, the red alert warning has removed from the major districts in the state except for Thiruvananthapuram, Kollam and Kasaragod.

Prime Minister Narendra Modi also made an Aerial review of the situation in the flood-affected regions of Kerala along with CM P Vijayan. PM Modi has announced a relief package worth 500 crores for the state of Kerala.  An ex-gratia of Rs. 2 lakh to the next kin of the deceased and Rs. 50,000 to those critically injured is also been announced by PM Modi.

Continue Reading

National

President Kovind enquires about flood situation in Kerala

Published

on

By

Kerala

New Delhi | President Ram Nath Kovind spoke to Kerala Governor P Sathasivam and Chief Minister Pinarayi Vijayan today to enquire about flood situation in the state.

“He acknowledged the grit and resilience of the people of Kerala in coming together in this trying hour. Assured the people of the state that entire nation was with them,” Rashtrapati Bhavan tweeted today.

President Kovind expressed satisfaction that the Union and state governments were working together and in synergy in rescue and relief operations in the flood-hit state. “He praised relief agencies such as NDRF and public officials at state and central level for their response and commitment,” it said.

The death toll has touched 197 in the past 10 days. Many people are still stranded in their homes with no food and sheaths of water around them.

Continue Reading

National

Contribute 1 month salary for Kerala flood relief; Puducherry CM to MPs,MLAs

Published

on

By

V Narayanasamy

Puducherry | Puducherry Chief Minister V Narayanasamy today urged all MPs from the union territory and MLAs to contribute one month’s salary to the Kerala Flood Relief Fund.

The contributions can be made to the Chief Minister’s Relief Fund and it would be forwarded to the Kerala Chief Minister’s distress relief fund, he told reporters here.

He said readers’ associations, members of the public and others could also contribute in kind, all of which would be despatched to Kerala. The Puducherry government had already announced an assistance of Rs one crore on its part to the fund.

Kerala has been ravaged by heavy rains in the second spell of monsoon fury since August 8, which has claimed the lives of 197 people.

Continue Reading

Popular Stories