Formulating changes in any law having wide-ranging social consequences is bound to be a tightrope walk for the government.
The enactment of the new Mining Bill is likely to have a negative impact on existing pure-play mining companies, with their profits impacted by as much as 12 per cent, global research firm Macquarie says.
The much-anticipated cryptocurrency bill, however, is missing from the list, reports Shrimi Choudhary.
Select committees on Mines and Minerals Amendment Bill and Coal Mines Bill recommended their approval without any change
The new mining policy must be rock solid
Under current laws, a company cannot sell mines but only transfer leases when it is acquired by another firm.
The 2,500-hectares lease included both notified and non-notified areas.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Is it inconsistency in policy, or the lack of robust support?
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