Diaspora vital connectors between India and global innovation ecosystems: MoS (See 'Corp Brief') Srinagar Khel Sankalp affirms unified commitment to athlete-centric sports ecosystem (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT) SAMAVESH Portal, NMBA 2.0, SETU and SMILE Beggary Apps Launched at Chandigarh Shivir (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') Veep urges Youth to become Job Creators and Nation-Builders (See 'Corp Brief') CCIC launches 'Soul Threads' - A Heritage Designer Collection Celebrating Artisanal Legacy (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (See 'Legal Desk') IPR - As Constitutional Court under Article 215 of Constitution, appropriate orders are warranted to ensure that its directions are not taken in perfunctory or dismissive manner: HC (See 'Legal Desk') Prohibition of Benami Property Transactions Act, 1988 - Mere involvement of cash does not exclude transaction from ambit of benami, particularly where source is undisclosed & transaction is structured to legitimize unaccounted money during demonetization: SAFEMA Tribunal (See 'Legal Desk') PMLA - Mere fact that some allegations in predicate FIR were quashed, or that attached property was allegedly purchased before crime period, did not invalidate attachment if companies were recipients of proceeds of crime: SAFEMA (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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