Minister highlighting rich craft traditions and their relevance to contemporary living (See 'Corp Brief') PMLA - Secured creditor is entitled to stake its claim before liquidator as per Section 53 of IBC, qua immovable property, and same can be disposed of by liquidator as per law: SAFEMA (See 'Legal Desk') Scindia unveils Commemorative Postage Stamp on 150th anniversary of Bombay Gymkhana (See 'Corp Brief') SEBI - Request for unfreezing bank accounts based merely on value of securities in demat accounts, in absence of compliance with direction of Interim Order of depositing impounded gains in Escrow Account, cannot be accepted: SEBI (See 'Legal Desk') DoP, BSE sign MoU to expand Mutual Fund Access Across India (See 'Corp Brief') A&C - Difference or controversy as to rate of interest clearly falls outside scope of challenge on ground of conflict with public policy of India unless it is evident that rate of interest awarded is so perverse: SC (See 'Legal Desk') Cloud data centre capacity in India estimated to grow 4 to 5 times by 2030 (See 'Corp Brief') A & C - By awarding reimbursement for second regular meal & welcome drinks, arbitrator had created new contract between parties, amounting to breach of Sec 28(3), which is patently illegal and against public policy: SC (See 'Legal Desk') Scindia to address Gramin Dak Sevak Sammelan in Kolhapur (See 'Corp Brief') IBC - It is mandatory duty of RP to verify every claim received and maintain updated list of creditors with requisite details including amount admitted, claimed, and security interest: IBBI (See 'Legal Desk') Semicon India Program developing complete ecosystem for Semiconductors (See 'Corp Brief') PMLA - Secured creditor can stake its claim by moving application before Special Judge, PMLA Court, even before conclusion of trial, if excess amount is realised during auction sale: SAFEMA (See 'Legal Desk') NITI Aayog releases report on Deepening the Corporate Bond Market in India (See 'Corp Brief') IBC - Moratorium does not protect development rights under agreement that was validly terminated for corporate debtor's non-performance before initiation of insolvency proceedings: SC (See 'Legal Desk')

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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