+
Framework for State Mining Index
COAL & MINING

Framework for State Mining Index

The mining sector plays a crucial role in the economic development of nations worldwide. In India, the Ministry of Mines is taking significant steps to enhance transparency and governance in the sector. Recently, the Mines Secretary announced that a framework for the State Mining Index is in its final stages of development, aiming to provide stakeholders with valuable insights into the performance of different states in mineral resource management.

This initiative comes at a pivotal time when the mining industry is undergoing rapid changes, driven by technological advancements, evolving regulations, and increasing demands for sustainability. The State Mining Index aims to address these challenges by offering a comprehensive assessment of each state's performance across various parameters.

One of the key objectives of the framework is to promote data-driven decision-making and facilitate informed policy formulation at both state and national levels. By evaluating factors such as mineral production, revenue generation, environmental compliance, and stakeholder engagement, the index will enable policymakers to identify areas of improvement and implement targeted interventions.

Transparency and accountability are paramount in the mining sector, given its potential impact on the environment, communities, and overall socio-economic landscape. The State Mining Index seeks to enhance transparency by providing accessible and reliable information to all stakeholders, including government agencies, investors, industry players, and local communities.

Moreover, the index is expected to serve as a valuable tool for investors and businesses looking to assess the investment potential of different states. By offering insights into regulatory frameworks, infrastructure availability, and investment opportunities, the index will help attract investments and promote sustainable growth in the mining sector.

The development of the State Mining Index underscores the government's commitment to promoting responsible and sustainable mining practices. By encouraging states to benchmark their performance against national standards and best practices, the framework aims to foster a culture of continuous improvement and innovation in the sector.

In conclusion, the impending finalisation of the framework for the State Mining Index heralds a new era of transparency, accountability, and data-driven decision-making in India's mining sector. With its potential to drive positive change and foster collaboration among stakeholders, the index is poised to play a pivotal role in shaping the future of mining governance and development in the country.

The mining sector plays a crucial role in the economic development of nations worldwide. In India, the Ministry of Mines is taking significant steps to enhance transparency and governance in the sector. Recently, the Mines Secretary announced that a framework for the State Mining Index is in its final stages of development, aiming to provide stakeholders with valuable insights into the performance of different states in mineral resource management. This initiative comes at a pivotal time when the mining industry is undergoing rapid changes, driven by technological advancements, evolving regulations, and increasing demands for sustainability. The State Mining Index aims to address these challenges by offering a comprehensive assessment of each state's performance across various parameters. One of the key objectives of the framework is to promote data-driven decision-making and facilitate informed policy formulation at both state and national levels. By evaluating factors such as mineral production, revenue generation, environmental compliance, and stakeholder engagement, the index will enable policymakers to identify areas of improvement and implement targeted interventions. Transparency and accountability are paramount in the mining sector, given its potential impact on the environment, communities, and overall socio-economic landscape. The State Mining Index seeks to enhance transparency by providing accessible and reliable information to all stakeholders, including government agencies, investors, industry players, and local communities. Moreover, the index is expected to serve as a valuable tool for investors and businesses looking to assess the investment potential of different states. By offering insights into regulatory frameworks, infrastructure availability, and investment opportunities, the index will help attract investments and promote sustainable growth in the mining sector. The development of the State Mining Index underscores the government's commitment to promoting responsible and sustainable mining practices. By encouraging states to benchmark their performance against national standards and best practices, the framework aims to foster a culture of continuous improvement and innovation in the sector. In conclusion, the impending finalisation of the framework for the State Mining Index heralds a new era of transparency, accountability, and data-driven decision-making in India's mining sector. With its potential to drive positive change and foster collaboration among stakeholders, the index is poised to play a pivotal role in shaping the future of mining governance and development in the country.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?