Govt's focus is on climate-smart aquaculture and efficient resource utilisation (See 'Corp Brief') Sonowal Issues Clarification on Forged Letter (See 'Corp Brief') A&C - Arbitral tribunal is legally empowered to terminate proceedings u/s 38(2) of Arbitration Act, if party fails to pay its share of arbitrator's fees: SC (See 'Legal Desk') Science ministries push thematic clustering of Startups at review meeting (See 'Corp Brief') Nearly 100 delegates from over 70 countries to participate at ECI event (See 'Corp Brief') A&C - Bill discounting is short-term, high-risk commercial financing mechanism where elevated interest rates are neither unusual nor inherently unfair: SC (See 'Legal Desk') CEA has successfully conducted 220 elections; 70 elections currently underway (See 'Corp Brief') Service Matter - Government is bound by same limitation laws as any other party; delay caused by bureaucratic procedures cannot be mechanically condoned: HC (See 'Legal Desk') Khattar inaugurates Centre of Excellence for power sector regulatory affairs at Delhi IIT (See 'Corp Brief') Misc - Civil suit seeking cancellation of a registered sale deed is barred u/s 34 of SARFAESI Act when SARFAESI measures have been initiated: HC (See 'Legal Desk') Port, Inland Waterways Projects Worth Rs 552 Crore launched to boost Riverine Logistics (See 'Corp Brief') Manjhi inaugurates PM Vishwakarma Haat 2026 in New Delhi (See 'Corp Brief') PMLA - If property is attached for value thereof to proceeds of crime, it happens when proceeds of crime acquired or obtained directly or indirectly is not available in hands of person: SAFEMA (See 'Legal Desk') AIIA celebrates National Startup Day 2026 (See 'Corp Brief') SEBI - Proposed Acquirer shall be exempted from complying with requirements of sub-regulation (1) of regulation 3 and regulation 4 of SAST Regulations, 2011 with respect to direct acquisition in Target Company: SEBI (See 'Legal Desk') CCPA takes action against unauthorized sale of Walkie-Talkies on E-Com Platforms (See 'Corp Brief') IBC - Status of financial creditor is granted to individual allottees u/s 5(8)(f) of IBC, but this status does not extend to society they are members of, as society is distinct juristic entity: SC (See 'Legal Desk') IICA launches registration for Post Graduate Insolvency Programme (See 'Corp Brief') IBC - 'Pre-existing dispute' capable of barring initiation of CIRP u/s 9 IBC must be genuine and supported by substantive evidence, and not moonshine defence raised merely to obstruct CIRP: SC (See 'Legal Desk') 'Jo Vaada Kiya, Wo Nibhana Padega' - Promissory Estoppel Reaffirmed: Supreme Court Reiterates the Rules of State 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.

TIOL CORP SEARCH

TIOL GROUP WEBSITES