Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  New mining policy to be tabled in budget session
BackBack

New mining policy to be tabled in budget session

New mining policy to be tabled in budget session

Premium

PTI

New Delhi: The new mining policy, which was referred to a group of ministers (GoM), is expected to be tabled in Parliament in the monsoon session, Minister of State for Mines, T Subbarami Reddy, said on 4 July.

The GoM on mines headed by Home Minister Shivraj Patil would meet on 6 July to discuss the policy.

“I hope that the policy is cleared by the GoM on 6 July and subsequently should come up in Parliament in the monsoon session," Reddy said.

He said the new policy targets at least $2 billion FDI annually and would be able to generate additional employment for 500,000 people in the next five years.

“The ministry aims at reducing the delays in exploration work so that the effective contribution of the sector to the country’s GDP can be significantly increased," the minister said.

On granting a mining lease to South Korean steel giant Posco, the minister said the Centre and the ministry has asked the state government to expedite the process.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 04 Jul 2007, 01:22 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App