Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Auction for all minerals except coal

Updated: January 5th, 2015, 07:10 IST
in Uncategorized
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Post News Network

Bhubaneswar, Jan 5: In what could be a real game-changer in the state’s mining sector, the state cabinet which met here Monday under the chairmanship of Chief Minister Naveen Patnaik, decided to put to auction all major minerals except coal.
The move will bring in the much-needed transparency and fair play in the allocation of mineral resources. The auction will apply to all major minerals (excluding coal), especially those awaiting second and subsequent renewals. The new policy will put an end to the hitherto practiced monopolistic system and a concrete step forward for progressive economic reforms.
Terming this historic, the CM said, “To carry forward my government’s commitment for a clean, honest, transparent and progressive governance, today the Cabinet decided to put all new mines (major minerals except coal) and those pending for second and subsequent renewals to public auction through a competitive bidding process.”
Orissa is the first state in the country to have taken such a progressive and pro-people decision in the mining sector, Patnaik said. This will enable the state to gain substantially in revenue generation, which the government can utilise in its flagship development schemes like Biju Pucca Ghar Yojana for shelter security and other welfare schemes to benefit poor people of the state, Patnaik said.
Briefing the media, Chief Secretary G C Pati said, the auction will not be applicable on five cases such as mining leases that have already been issued grant orders; mining leases awaiting first renewal, mining leases that have already been granted express order for renewal, all existing leases of state and Central public sector undertaking (PSUs) and mining leases which the state government has already recommended to Centre for prospecting licenses.
The decision is in conformity with the Supreme Court order and would generate more than Rs10, 000 crore revenue from the mining sector annually, said forest and environment minister Bikram Keshari Arukh. This works out to double the present amount that the state government currently collects from the sector.
An inter-departmental committee under the chairmanship of development commission will look into those cases that may call for its intervention.
However, the exact ceiling of the area and its base price will be decided through the modality of the policy decision which will be worked out in next two months, Pati said, adding, public auction will be made after obtaining the leave of the Supreme Court.

Also Read

Odisha to restore Rabindranath Tagore’s Puri house into museum: Minister

15 minutes ago
Tusker

Tusker found dead of suspected electrocution in Odisha’s Deogarh

27 minutes ago

ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019

Archives

Editorial

Military Rhetoric

General Upendra Dwivedi
October 8, 2025

I t is prudent for officials in high positions to speak with care and caution, for their words carry the...

Read moreDetails

Chinese H-1B

Pic- IANS
October 7, 2025

When US President Donald Trump’s administration in a new fiat, made the coveted H-1B visa available to foreigners at a...

Read moreDetails

Toxic Syrup

Cough syrup
October 6, 2025

Drug adulteration is a major scourge in India where an unholy nexus of the all-powerful pharma industry and unscrupulous doctors,...

Read moreDetails

List of Lowlights

October 5, 2025

At the end of every year, the organisation I represent puts out a report on human rights in India. This...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST