CCI approves subscription to 15.01% equity of Ambit Wealth by Daiwa International (See 'Corp Brief') India, Bhutan to strengthen Cooperation in Power Sector (See 'Corp Brief') Trade Marks - Procedural defects & inadvertent errors which are curable should not be permitted to defeat substantive rights, unless shown to be deliberate, mala fide, or prejudicial to opposite party: HC (See 'Legal Desk') CCI okays AXDI LDII SPV to acquire shares of Aadhar Housing Finance (See 'Corp Brief') PMLA - Unless resolution is approved by NCLT, matter under PMLA for attachment of property may proceed even against corporate debtor: SAFEMA (See 'Legal Desk') SAIL, RITES sign MoU for diesel locomotive leasing and maintenance (See 'Corp Brief') Paswan calls for countering Misinformation on Processed Foods (See 'Corp Brief') Misc - If public authority holds any information in form of data, statistics, abstracts, etc. an applicant can have access to same under RTI Act subject to exemptions u/s 8: IBBI (See 'Legal Desk') Horticulture output reaches 367.72 million tonnes in 2024–25: Chouhan (See 'Corp Brief') SEBI - Contention of Noticees cannot be accepted as ground to seek exoneration qua their liability regarding failure to comply with regulatory limits: SEBI (See 'Legal Desk') HLC on banking to align financial sector growth to Viksit Bharat (See 'Corp Brief') Infra Risk Guarantee Fund to instil confidence in private developers (See 'Corp Brief') Shares buyback to be taxed as capital gains for all categories of shareholders (See 'Corp Brief') IIFT achieves 1st Position in Times B-School Ranking 2026 (See 'Corp Brief') Centre to enable States to establish regional medical hubs for tourism (See 'Corp Brief') Budget lays emphasis on scaling up manufacturing in 7 strategic sectors (See 'Corp Brief') Competition Act - intervention of CCI not warranted where allegations contained in Information are vague, sweeping & unsupported by material particulars necessary to establish contravention of Sections 3 or 4 of the Act: CCI (See 'Legal Desk') Interest accrued on motor accident compensation will no longer attract TDS (See 'Corp Brief') FM proposes uniform MAT Treatment for non-resident opting for Presumptive Tax (See 'Corp Brief') Tax certainty for non-resident individuals (See 'Corp Brief') Govt. revised criteria for Inter-Group loan exclusion from 'Dividend' definition (See 'Corp Brief') FDI Limit in Insurance Sector raised to 100%, subject to full domestic investment of premiums (See 'Corp Brief') Govt to facilitate ICAI, ICSI, ICMAI to run short-term know-how courses for youth (See 'Corp Brief') Government to set up 'BharatTradeNet' as Unified Digital Platform for international trade (See 'Corp Brief') Sovereign Gold Bond Capital Gains exemption to apply only to original holders at maturity (See 'Corp Brief') CSIR-NIO's Vizag Centre to play key role in offshore energy: MoS (See 'Corp Brief') FEMA - Statement recorded u/s 37 of FEMA did not amount to confession of criminal offence: HC (See 'Legal Desk') International Olympic Academy Director impressed by India's vision for sports (See 'Corp Brief') WB ranks India among top 5 in terms of private investment in infra (See 'Corp Brief') SEBI - In absence of explicit permission/exemption with respect to RFQ requirements, Noticee should have suspended its services if it was not feasible to engage large amounts of funds into working capital: SEBI (See 'Legal Desk') Survey: India should focus on application-based AI tools (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') UNCTAD ranks India as leading economy in trade partner diversification (See 'Corp Brief') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Chintan Shivir held to imagine Future of Mining

Published: Jan 09, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 09, 2025: THE Ministry of Mines yesterday organized a pivotal Chintan Shivir at Vigyan Bhawan, New Delhi, in the esteemed presence of Union Minister for Coal and Mines, G. Kishan Reddy; Union Minister of State for Coal and Mines, Satish Chandra Dubey; and Secretary, Ministry of Mines, V.L. Kantha Rao. The event brought together senior government officials, industry leaders, and experts to discuss transformative strategies for the mining sector, focusing on innovation, sustainability, and local manufacturing.

In his address, Union Minister G. Kishan Reddy emphasized the need for achieving self-reliance in critical minerals, reiterating Prime Minister Narendra Modi's vision of Aatmanirbhar Bharat. He highlighted the importance of collaboration between the government and private sector, describing them as one family working together to achieve annual targets and propel India towards becoming a developed nation. "Unity and determination will transform milestones into achievements. Let us join hands to build a stronger, self-reliant India," he said.

Union Minister of State, Satish Chandra Dubey underscored the importance of integrating modern technologies and industry expertise into research initiatives. He highlighted how these efforts would enhance operational efficiency and promote environmental sustainability, aligning with Prime Minister Narendra Modi's vision of Viksit Bharat by 2047.

One key session at the Shivir focused on encouraging private sector participation by expanding access to geo-scientific data. The dialogue highlighted the importance of democratising this data to facilitate exploration activities and foster innovation. The Ministry aims to attract private investment and enhance the efficiency of mineral exploration through this initiative.

The Second Session centred on adopting a circular economy within the mining sector. Industry leaders and experts deliberated on sustainable practices to minimise waste, optimise resource use, and reduce the environmental impact of mining. The discussions reinforced the necessity of transitioning to eco-friendly models for long-term ecological balance and economic growth.

The event also explored strategies to develop a robust local ecosystem for mining equipment manufacturing. Participants emphasized the importance of fostering innovation and strengthening domestic manufacturing capabilities to reduce dependency on imports and boost the ‘Make in India' initiative. These efforts are expected to generate jobs, enhance technological advancements, and promote self-reliance in the mining sector.

During the event, Union Ministers G. Kishan Reddy and Satish Chandra Dubey launched the Annual Capacity Building Program (ACBP) Training Calendar 2025, an initiative aimed at enhancing the skills and capabilities of Ministry of Mines officials and field offices. They also handed over administrative approval letters for 18 research and development projects under the Science and Technology Program, highlighting the government's commitment to fostering innovation and research in the mining sector.

As part of its commitment to boosting India's mining sector, a session on how to increase mineral production and accelerate the operationalization of mineral blocks took place. During the discussions, special focus was placed on simplifying regulatory processes, enhanceing exploration capabilities, and leveraging advanced technologies to unlock the full potential of India's mineral resources.

The Chintan Shivir concluded with acknowledgment of the invaluable contributions of all participants. The insights and recommendations from the discussions are expected to play a crucial role in shaping the future of India's mining sector, aligning with the government's vision of sustainable development and economic prosperity.

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