logo
DAE explores rare earth group elements in potential areas: Reddy

DAE explores rare earth group elements in potential areas: Reddy

News1821-07-2025
New Delhi, Jul 21 (PTI) The exploration and augmentation of rare earth group elements in many potential geological areas in the country is being carried out by a unit of the Department of Atomic Energy, the Parliament was informed on Monday.
China's restrictions on the export of rare earth elements and related magnets are affecting the domestic auto and white goods sectors.
Replying to a question in Rajya Sabha, coal and mines minister G Kishan Reddy said, 'Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic Energy (DAE), is carrying out exploration and augmentation of rare earth group elements along coastal/ inland/ riverine placer sands, as well as in hard rock terrains in several potential geological domains in the country." The minister further said that as on date, AMD has estimated approximately 7.23 million tonnes (MT) of in-situ Rare Earth Elements Oxide (REO) contained in 13.15 MT of monazite in coastal beach, teri/red sand and inland alluvium in parts of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and Mahrashtra.
He further said that 1.29 MT of in-situ REO resources have been identified in hard rocks in Gujarat and Rajasthan, adding that, as per DAE, mining is feasible for these resources.
The National Critical Minerals Mission, launched in 2025 by the government, aims to establish a self-reliant domestic supply chain for critical minerals, including rare earths, he said. PTI SID DR DR
view comments
First Published:
July 21, 2025, 15:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Air India, IndiGo, and other airlines face scrutiny as DGCA audits find 263 safety lapses. What it means for flyers
Air India, IndiGo, and other airlines face scrutiny as DGCA audits find 263 safety lapses. What it means for flyers

Mint

time20 minutes ago

  • Mint

Air India, IndiGo, and other airlines face scrutiny as DGCA audits find 263 safety lapses. What it means for flyers

The Directorate General of Civil Aviation (DGCA) found 263 lapses in aviation safety norms during its 23 audits of eight domestic airlines in the past year, PTI quoted a DGCA statement as saying on Wednesday. However, the DGCA noted that a higher number of audit findings or lapses for airlines with extensive operations is "entirely normal". The regulator flagged increased lapses during audits of Air India. According to the DGCA, in the past one year, a total of 93 audit findings involved Tata Group-owned Air India (along with now-merged Vistara) and Air India Express. These include 19 level-1 violations which are considered critical safety risks and require immediate corrective action by the airline. The DGCA also came across as many as 100 violations and observations related to Air India's training, crew's rest and duty period norms, and airfield qualification, PTI quoted the sources as saying on Tuesday. They added that the DGCA mentioned these violations in 51 audit findings of Air India. The aviation regulator stated that it conducts audits to enhance the safety of operations and ensure compliance, and continuous improvement across all facets of airline operations. "It should be emphasised that, for airlines with extensive operations and large fleet sizes, a higher number of audit findings is entirely normal," PTI reported, quoting the DGCA statement. "The quantum and scale of their activities mean that such observations reflect the breadth and depth of their operations rather than any unusual lapse," the statement added. The DGCA data showed 23 audit findings with IndiGo, 14 with SpiceJet, 57 with Alliance Air, 35 with Quick Jet, 41 with Ghodawat Star and 17 with erstwhile Vistara. The DGCA findings that are considered critical risks and require immediate corrective action are categorised as level-1, while level-2 lapses include non-compliance. Aviation regulators across the globe routinely encounter similar patterns with major carriers due to the diversity and intensity of their undertakings. Following this, the regulators formally notify the relevant airlines, and they are required to submit timely compliance and corrective action-taken reports. "The DGCA reassures the travelling public that these processes are robust and that the presence of such findings is a testament to active regulatory oversight," the statement said.

India-US trade: Experts warn of GDP hit due to Donald Trump tariffs; pharma, auto sectors may take a hit
India-US trade: Experts warn of GDP hit due to Donald Trump tariffs; pharma, auto sectors may take a hit

Time of India

time28 minutes ago

  • Time of India

India-US trade: Experts warn of GDP hit due to Donald Trump tariffs; pharma, auto sectors may take a hit

File photo: US President Donald Trump (Picture credit: PTI) India's economy could take a hit from the United States' decision to impose a 25 per cent tariff on all Indian goods starting August 1, alongside an unspecified penalty for its purchases of Russian oil and military equipment. As per news agency PTI, trade and policy experts said the move could hurt key export sectors and impact the country's GDP, though a pending trade agreement offers hope for relief. US President Donald Trump made the surprise announcement just a day after Indian officials confirmed a US delegation was scheduled to visit India on August 25 to finalise a broader trade deal. The Indian government responded by saying it had "taken note" of the development and was "studying its implications." It added that India remained committed to concluding a "fair, balanced and mutually beneficial" trade agreement with the US. Economists flagged potential pressure on GDP if the tariff remains in place. ICRA chief economist Aditi Nayar was quoted by news agency PTI as saying that 'The tariff (and penalty) now proposed by the US is higher than what we had anticipated… it is likely to pose a headwind to India's GDP growth.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Make-Up Artists Hate How Good These Tricks Look on Older Women Learn More Undo Pharmaceuticals, marine products, textiles, leather, and automobiles, where India has strong trade links with the US, are expected to be most affected. As per PTI, Garima Kapoor of Elara Capital noted that the inclusion of pharma in the tariff bracket would be especially damaging, as the US accounts for more than 30% of India's pharma exports. Agneshwar Sen of EY India pointed out that 'both countries remain positively engaged in active negotiations,' adding that he hoped the dispute would be settled through a "mutually beneficial" agreement. According to Grant Thornton Bharat's Rishi Shah, while such developments were anticipated amid tensions around Russia-Ukraine, "markets consistently demonstrate remarkable adaptive capacity" and India's multi-alignment strategy would help it cope with the new challenges. Analysts noted that India's 25% tariff rate puts it at a disadvantage compared to peers like Vietnam or Indonesia, which have lower rates ranging between 15% and 20%. Rahul Ahluwalia from the Foundation for Economic Development said India will be "worse off" against such competitors unless it reaches a new deal quickly. Medical Technology Association of India chairman Pavan Choudary called Trump's announcement 'economically shortsighted and strategically misguided,' and warned against "punishing" India's sovereign defence and energy choices through 'coercive trade measures." Choice Broking's Utsav Verma said the move could dent investor sentiment in key sectors in the short term, but he remained optimistic about the prospects of a final agreement. 'We believe that the trade deal will eventually follow, provided both nations show the necessary political will.' Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025

IIFL Finance Q1 profit falls 19 pc to Rs 274 cr
IIFL Finance Q1 profit falls 19 pc to Rs 274 cr

News18

time43 minutes ago

  • News18

IIFL Finance Q1 profit falls 19 pc to Rs 274 cr

Agency: PTI New Delhi, Jul 30 (PTI) IIFL Finance on Wednesday reported a 19 per cent decline in consolidated net profit to Rs 274 crore in the first quarter ended June 30. The financial services firm, which is into gold loan business, had earned a net profit of Rs 338 crore in the same quarter a year ago. Its consolidated total income during the quarter rose to Rs 2,959 crore as compared with Rs 2,633 crore in the year-ago period, IIFL Finance said in a regulatory filing. Interest income of IIFL Finance, which offers a range of loans and mortgages, increased to Rs 2,720 crore during the quarter, as against Rs 2,058 crore in the year-ago period. During the quarter, the gross non-performing assets (NPAs) increased to 2.3 per cent as against 2.2 per cent at the end of June 2024. Total CRAR stood at 18.28 per cent as on June 30, 2025 as against minimum regulatory requirement of 15 per cent, it said. PTI DP HVA view comments First Published: July 30, 2025, 21:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store