Proposed mining policy to provide ease of doing business to industry stakeholders: Nitin Gadkari
Nitin Gadkari
on Sunday said the
mining policy
being framed by the Centre would provide
ease of doing business
as all clearances will be given in three months so that the extraction process starts in the fourth month.
He said all bottlenecks would be removed under the new mining policy.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
MBA
Technology
Healthcare
Product Management
Data Science
Finance
Operations Management
Digital Marketing
Data Analytics
Artificial Intelligence
Public Policy
MCA
Project Management
Cybersecurity
Management
Leadership
Degree
healthcare
PGDM
others
Others
Data Science
CXO
Design Thinking
Skills you'll gain:
Financial Management
Team Leadership & Collaboration
Financial Reporting & Analysis
Advocacy Strategies for Leadership
Duration:
18 Months
UMass Global
Master of Business Administration (MBA)
Starts on
May 13, 2024
Get Details
Skills you'll gain:
Analytical Skills
Financial Literacy
Leadership and Management Skills
Strategic Thinking
Duration:
24 Months
Vellore Institute of Technology
VIT Online MBA
Starts on
Aug 14, 2024
Get Details
The Minister for Road Transport and Highways was speaking at the "India@100 charting
Vidarbha
's journey to a Developed India" in Nagpur.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
How Much Does It Cost to Rent a Private Jet - The Prices May Surprise You!
Private Jet I Search Ads
Learn More
Undo
Talking about various developments taking place in
Gadchiroli district
in Vidarbha in the fields of mining and steel, he said a mining policy was being framed by the central government.
"This mining policy came up for an approval in the cabinet meeting recently. However, the prime minister was not fully convinced about it and after I gave some suggestions, he (the PM) directed the cabinet secretary to discuss and review the policy with me," he said.
Live Events
Gadkari said he suggested that the policy should allow the mining process to start as soon as possible.
He said he suggested that the
environmental clearance
should be given in a maximum of one month.
"Similarly, the state and central government will give all the necessary clearances. Accordingly, all required permissions will be given in three months and then production should start in the fourth month," he said.
"This will create ease of doing business as all bottlenecks will be removed...," he said.
Talking about creating more
employment opportunities
in Vidarbha, the minister recalled the statements of
Mahatma Gandhi
and country's first prime minister
Jawaharlal Nehru
.
"Nehruji used to say that we need maximum production, and Gandhiji used to say that we need maximum production with the involvement of maximum number of people," he said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
5 minutes ago
- Mint
Buckle up, the ride may get rough, says market survey
Souring US-India trade ties have turned up the scrutiny on Indian stocks already witnessing high valuations, weak earnings, and periodic selling by foreign investors. Investors are now scrambling for some crucial answers: Will there be some respite from volatility anytime soon? What is the market's expectation from a trade deal with the US? Will earnings downgrades continue? And finally, is there any glimmer of hope of a broader turnaround? To gauge the market's pulse, we surveyed 34 investment professionals—analysts, economists, research heads, and fund managers—between 25 and 30 July. Their verdict: Brace for more uncertainty, as a US-India trade deal might end up rattling the markets. This is the fourth in a new Mint series of quarterly market surveys, the first of which was held ahead of Diwali in October 2024, the second in February after the Union Budget and the last one in April. Also read: NSDL IPO: Reasonable valuation, strong moat, and room to reclaim growth Trade jitters Most experts (77%) agreed that while geopolitical risks have certainly reduced over the June quarter, key developments like the US-India trade deal might still negatively surprise markets. Around 9%, including Prashanth Tapse, senior vice-president at Mehta Equities, strongly believe that the market is heading into increasingly choppy waters. On a more concerning note, experts were unclear as to what extent the market has priced in such uncertainties - meaning chances of shocks remain high. The market's knee-jerk sell-off on 31 July after higher-than-expected US tariffs and a new penalty exemplifies such concerns. Narendra Solanki, head of fundamental research at Anand Rathi Shares and Stock Brokers' investment services vertical, noted that the risk of higher duties against India relative to its Asian peers, after a US-India trade deal, will keep markets on the edge for now. However, most experts (76%) were also optimistic that India would be able to strike a balanced trade deal with the US, with only 3% fearing a detrimental outcome. 'We expect the US-India trade deal to lead to a largely balanced outcome, with mutual gains across sectors," Ajit Mishra, senior vice-president of research at Religare Broking said. 'Given the strategic nature of the partnership, the deal is unlikely to be overly one-sided." But a latest Emkay Global Financial Services report suggests that India's Russian energy and defence purchases could further muddle trade talks. So far, negotiations have stalled over India's refusal to allow large-scale US agri and dairy imports to protect domestic jobs. However, the unfolding situation after the sixth round of India-US bilateral trade agreement talks, set for late August in India with US counterparts, will be crucial. Irrespective of the deal outcome, though, rising hostility between the two nations is raising doubts over India's status as a geopolitical safe haven, noted a recent CLSA report. 'At a time when India remains one the most expensive markets in the world, despite facing incessant earning cuts, this may make it more difficult to attract FPI inflow," the report said. Also read: Are Indian businesses headed for a David vs Goliath showdown? FPI exodus Experts in the survey noted that while India's structural story remains intact, elevated US treasury yields, global uncertainty and high domestic valuations are keeping foreign portfolio investors (FPI) at bay. They turned net sellers again in July, with equity outflows worth over ₹17,741 crore till July 30. Around 35% of respondents, including those from Axis Securities, Geojit Financial, Ventura, and Mira Money, think foreign capital will re-enter Indian markets by the third quarter of FY26, once global interest rate concerns ease and corporate earnings show broader recovery. 'While Q3 could mark an inflection point, it's possible that the positives, especially earnings recovery and (an) emerging markets risk-on mood, may take a bit longer to fully play out, pushing broader re-entry into late FY26," Saurabh Rungta, CIO at Avendus Wealth Management said. But half of the lot also seemed more optimistic. They think FPIs will continue to buy Indian equities cautiously and selectively, primarily in sectors benefiting from specific policy initiatives or global trends. Earnings divide Experts were similarly split on earnings cut expectations this earnings season. While 47% felt earnings downgrades will slightly outpace upgrades, based on Q1 results reported so far, an equal number of respondents said downgrades have bottomed out at current levels as earnings will likely pick up from the second half of FY26. 'Nifty 50 companies are expected to grow earnings by only 4–7% in Q1 vs full-year (FY26) estimates of 10–12%," Gaurav Garg, analyst at Lemonn Markets Desk said. 'We expect corporate revenue growth to remain muted in FY26 as nominal GDP growth is expected to cool to a six-year low of 9%." At this juncture, almost 79% of experts are betting that despite signs of an earnings slowdown across India Inc. some sectors will stand out in Q1. Siddhartha Khemka, head of research at Motilal Oswal Financial Services' wealth management division, expects oil and gas, telecom, lending-oriented non-banking financial companies (NBFC), public sector banks, pharmaceuticals and healthcare sectors to anchor earnings growth in an overall muted June quarter. There was also consensus around cement, select auto and auto-ancillaries, agriculture and chemicals sectors outperforming in the June quarter. But these trends are unlikely to trigger a broader rebound anytime soon. In Q1, market performance broadly met expectations, a sentiment shared by 68% respondents. Looking ahead, around half of those surveyed anticipate a range-bound movement in the upcoming quarter, while the others express either caution or moderate bullishness. IPO hope Amid this lull in the secondary market, a fraction of experts (6%) bets that the recent momentum in the IPO space, especially from quality issues, might gradually lift overall market sentiment. However, the majority (76%) believes that while IPOs might offer some hope, a sustained revival will require more consistent FPI inflows and clear signs of earnings recovery in the broader economy. 'A vibrant IPO market is a positive sign of capital formation and business confidence for the issuing companies. However, its ability to genuinely revive broader investor interest and confidence in the secondary markets is likely to be limited and indirect in the near term," Dhiraj Relli, MD and CEO of HDFC Securities said.
Time of India
21 minutes ago
- Time of India
‘They want a win in November': Trump administration schedules first ‘Golden Dome' test ahead of 2028 election -Here's what report said
The Pentagon has scheduled its first major test of President Donald Trump's space-based Golden Dome missile defence system just before the 2028 elections, CNN reported, citing sources. This ambitious schedule aims to demonstrate the feasibility of transforming President Trump's concept of a space-based protective shield for the entire United States. This scheduling aligns with Trump's May announcement to 'have it done in three years.' "Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world," he said. A defence official informed CNN that while missile tests typically require extensive advance planning, the timing of this test in the fourth quarter of 2028 appears strategically placed. "They want a win to point to in November [2028],' the official told CNN and added, 'and DoD wants to avoid anything they perceive will slow them down.' The defence official revealed that the MDA plans to designate the test as FTI-X, where 'FTI' indicates Flight Test Integrated, encompassing the coordination of Golden Dome's various sensors and weapons systems against multiple targets. The three-year implementation presents significant challenges, considering the US has researched space-based missile interception for decades. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Average Cost To Rent A Private Jet May Surprise You (View Prices) Private Jet I Search Ads Learn More Undo The defence official highlighted technical complexities, particularly regarding the substantial number of satellites required for effective coverage of the continental United States. Space Force Gen. Michael Guetlein, appointed by Trump in May to oversee Golden Dome's development, addressed these challenges at a recent industry summit, focusing on the technical and economic feasibility of space-based interceptors at scale. Initial tests in 2028 may represent only the first phase, according to another source, emphasising the current focus on swift progress using existing systems to demonstrate the concept's viability for additional funding. The project's allocated budget of $25 billion, announced by Trump in May, is expected to expand significantly into hundreds of billions. Various companies are already testing relevant technologies, including Northrop Grumman's work on space-based interceptors. The Pentagon recently announced successful testing of a Lockheed Martin long-range radar system in Alaska, capable of tracking ballistic missiles from Russia and China, likely to be incorporated into Golden Dome. The industry awaits Guetlein's comprehensive system design plan. A memo signed by defence secretary Pete Hegseth outlined a 60-day deadline for initial architecture and 120 days for implementation planning. Concerns exist regarding the accelerated development approach and reduced oversight. The Office of the Director of Operational Test and Evaluation's role was diminished after announcing its involvement in Golden Dome testing oversight. Guetlein has been granted significant autonomy in contract allocation and technology procurement, reporting directly to Deputy Secretary Stephen Feinberg. The programme operates outside standard Pentagon oversight procedures for major weapons systems. Multiple companies, notably SpaceX, Anduril, and Palantir, are competing for involvement, having presented directly to Hegseth, who has expressed interest in their proposals.
Hindustan Times
35 minutes ago
- Hindustan Times
Delhi Assembly set for stormy start to five-day session
New Delhi Union minister Arjun Ram Meghwal at the Delhi Assembly premises on Sunday. (Arvind Yadav/HT Photo) Union law minister Arjun Ram Meghwal on Sunday kicked off the Delhi Assembly's paperless initiative and inaugurated a solar power project on the premises, clearing the decks for a stormy five-day Monsoon Session from Monday, during which waterlogging woes, CAG audits and new bills are set to be tackled. According to the official list of business, on the first day, the government is likely to introduce the Delhi School Education (Transparency in Fixation and Regulation of Fees) Bill and table two Comptroller and Auditor General (CAG) of India reports on the previous government's performance. In the run-up to the session, Opposition Aam Aadmi Party (AAP) attacked the Bharatiya Janata Party (BJP) government on the school fee bill, alleging it will lead to 'windfall gains for private schools.' The Delhi Congress announced a march outside the Vidhan Sabha on the opening to protest demolition drives in slums and the alleged failure of the state government to start ₹2,500 monthly assistance to Delhi's women. The session will also mark multiple firsts: Delhi's Assembly's first fully digital session and the assembly complex being run entirely on solar power. Agenda: CAG, edu bill The assembly proceedings will commence around 2pm on Monday, with the assembly tentatively likely to convene over five days, between August 4 and 8. The list of business issued by the assembly secretariat states that the assembly will begin with MLAs raising issues under Special Mention (Rule-280). It will be followed by the chief minister Rekha Gupta tabling CAG reports on the 'state finances for the year 2023-24' and 'Welfare of building and other construction workers' for 2023. CAG reports have been a major friction point between the AAP and the BJP, with the latter accusing the AAP of withholding CAG's findings. In previous assembly sessions, CAG reports on the performance of the previous AAP government related to health, liquor, transport and pollution, among others, have already been tabled. On Monday, education minister Ashish Sood will also introduce 'The Delhi School Education (Transparency in Fixation and Regulation of Fees) Bill, 2025' for discussion. Under the proposed law, the government plans to introduce major reforms in the city's school fee regulation regime, which will apply to all 1,677 private unaided schools in Delhi. The bill also fixes factors for determining the fee, stiff penalties for non-compliance and a three-tier fee regulation structure involving committees at the school, district, and state levels, which will institutionalise parental participation in the process. The move comes against the backdrop of widespread protests by parents across Delhi earlier this year, alleging arbitrary and excessive fee hikes by private schools. The AAP has slammed the bill, alleging it would benefit private schools. 'Until now, a single parent could file a complaint, but the new law will empower the education mafia to act with impunity,' AAP state president Saurabh Bharadwaj said. Besides the bill, the assembly will also see the presentation of reports from the Business Advisory Committee and Rules Committee, and the annual accounts report of the power regulator DERC. Paperless session Union law minister Arjun Mehwal on Sunday inaugurated the integration of the E-Vidhan platform, which advances the assembly's digital transformation by enabling a paperless legislative process for administrative efficiency and reducing the institution's carbon footprint. Members, ministers and the chief minister also tried their hands on the new system a day ahead of the formal beginning of the session. Meghwal said that the launch of the NeVA platform under the 'One Nation, One Application' initiative of Digital India 2.0 not only signifies an infrastructure upgrade, but a shift in institutional values. 'With full implementation expected in the upcoming Monsoon Session, the Delhi Assembly will transition to completely paperless operations. This fusion of climate responsibility and administrative reform must begin at the heart of democratic institutions,' he said. Speaker Vijender Gupta said that the work of the E-Vidhan system was completed in just 100 days. 'A trial run of the new system is scheduled for 11am tomorrow, followed by a House sitting at 2pm, which will be held entirely on solar power without using electricity from conventional sources,' Gupta said. The first trial on Sunday offered firsthand experience of the digital interface, which includes smart delegate units with microphones and voting panels, RFID access, multilingual support, real-time document access via iPads, and an automated audio-visual system with cameras. Chief minister Rekha Gupta said that Delhi's capital legislature must lead the way in India's transition to sustainable and efficient governance. 'With the rollout of NeVA in the monsoon session, the Delhi Assembly is poised to offer a more transparent, accessible, and digitally empowered legislative experience,' she said. Solar power On Sunday, a 500 kW solar power plant was launched on the assembly premises, making the complex fully powered by solar energy. It is expected to help save ₹1.75 crore annually. Mehwal said: 'Delhi Assembly's complete transition to solar energy has set a benchmark for legislative and public institutions nationwide.' Speaker Gupta said that the building was constructed in 1912 and housed the country's first Parliament, due to which 'heritage and development will go hand in hand'. 'The financial savings would be reinvested in developmental work for the welfare of Delhi's people. By embracing both clean energy and digital workflows, the Delhi Assembly is contributing directly to India's net-zero targets and setting a national example of climate-conscious governance,' he said. In a statement, the assembly secretariat said that the Delhi Assembly has become the first legislature in India to run entirely on renewable energy.
