The Indian Bureau of Mines has suspended mining operations in 90 mines for not carrying out mining in accordance with its approved plans and schemes during the last fiscal.
The Union home ministry wants state governments to take proactive action against illegal mining as it has become a national security threat. In a recent meeting with the states, the home ministry said that windfall profits from such mining of minerals and sand were being used by the mafia to aid extremist elements.
India has about 9 per cent of the total gold reserves in the world, yet imports gold worth more than Rs 65,000 crore. The government plans to reduce gold and diamond imports by Rs 20,000 crore.
CBDT recently issued orders to all tax offices to check any 'discrepancies' in financial statements of these companies
Nine mineral-rich states -- Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Tamil Nadu and Telangana -- are readying 75 blocks for auction.
Karnataka and Andhra Pradesh in the south, and Rajasthan and Gujarat in the west, are the country's top producers of limestone
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
More than legal and illegal mining of sand, the issue which stares us in the face is sustainable sand mining, says Gopal Krishna
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
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