Latest news with #SaketKumar
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Business Standard
a day ago
- Business
- Business Standard
MMDR Bill proposes mine expansion, relief on critical mineral charges
Bill allows easier lease expansion for deep-seated minerals, waives charges for critical minerals, removes captive sale cap, and sets up mineral exchanges to boost mining output Saket Kumar Sudheer Pal Singh New Delhi Listen to This Article The Union government on Monday introduced the Mines and Minerals (Development and Regulation) Amendment Bill, 2025 in the Lok Sabha, with provisions aimed at boosting domestic mining output. Key changes include easier expansion into contiguous areas for deep-seated minerals and exemption from additional charges for critical and strategic minerals when found within an existing lease. Under the proposed amendments, holders of mining leases for deep-seated minerals will be allowed a one-time expansion of their lease area by up to 10 per cent to cover contiguous zones that would otherwise be uneconomical to mine separately. For composite licence holders, this limit
Business Standard
4 days ago
- Business
- Business Standard
Govt targets 1K patents in critical minerals by 2031 under national mission
National Critical Mineral Mission to support innovation in exploration, processing, and recycling of key minerals to boost domestic tech and reduce import dependence Saket Kumar New Delhi The Indian government has set a target to support the filing of 1,000 patents in the critical minerals sector by 2030–31 as part of its National Critical Mineral Mission (NCMM), aiming to boost domestic innovation across the mineral value chain, the Ministry of Mines said in a statement on Friday. Approved by the Union Cabinet in January this year, the NCMM is focused on building self-reliance in critical minerals needed for green energy and strategic sectors. As part of this effort, the government has begun tracking and supporting patent activity in technologies linked to the exploration, extraction, processing and recycling of critical minerals. Sixty-two patent applications related to critical minerals were filed in May and June 2025, and 10 patents were granted during the same period. These include innovations involving lithium, nickel, titanium, tungsten and vanadium — minerals key to clean energy, electronics and strategic technologies. Examples of recent patents include technologies for sodium-ion batteries, tungsten–polymer composites, and metal oxide nanoparticles doped with rare earth elements like ytterbium.
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Business Standard
01-08-2025
- Business
- Business Standard
Ministry of coal awards 7 coal blocks in 12th round of commercial auction
Blocks expected to fetch Rs 720 crore in annual revenue, attract Rs 787.5 crore investment, and generate over 7,000 jobs, says Coal Ministry Saket Kumar New Delhi Listen to This Article The Centre has successfully auctioned seven non-coking coal blocks located in Jharkhand and Chhattisgarh under the 12th round of commercial coal mining, held between July 28 and July 31, 2025, the Coal Ministry said in a statement. The auctioned blocks include three fully explored and four partially explored coal blocks, with a combined geological reserve of approximately 1,761.49 million tonnes. The cumulative peak rated capacity (PRC) of these blocks is 5.25 million tonnes per annum, excluding the partially explored ones. The auctions witnessed 'intense competition,' recording an average revenue share of 26.70 per cent, which the Ministry said 'reflects sustained
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Business Standard
25-07-2025
- Business
- Business Standard
Govt may mandate public procurement of 25% sustainable green steel
Ashwini Kumar, economic advisor to the Ministry of Steel, confirmed that public procurement would play a key role in creating a market for low-emission steel premium Saket Kumar New Delhi Listen to This Article The government is finalising a green steel procurement mandate, with a potential 25 per cent target, even as it criticises the European Union's Carbon Border Adjustment Mechanism (CBAM) as a trade barrier that undermines ongoing India-EU free-trade agreement (FTA) talks. Ashwini Kumar, economic advisor to the Ministry of Steel, confirmed that public procurement would play a key role in creating a market for low-emission steel. He said the government was considering a mandate to ensure green steel is not edged out by cheaper, high-emission alternatives. 'We are working on that also. It's a tricky business. I don't know when we will
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Business Standard
03-07-2025
- Business
- Business Standard
Switch to green steel in India will take decades, say industry leaders
Industry leaders have called for a gradual, step-by-step transition to green steel, urging supportive government policies and a focus on reducing emissions as part of India's sustainable growth agenda Saket Kumar Listen to This Article While India's steel industry is gearing up to transition towards green steel, a full-scale switch will take decades, steel industry leaders and experts said on Thursday. Meanwhile, they called for supportive government policies and a move to reduce emissions. Speaking at the 14th India Minerals and Metals Forum held by the Indian Chamber of Commerce (ICC) in New Delhi, Jindal Stainless Managing Director Abhyuday Jindal said the transition has started. "The shift to green steel is a transition, and adopting low-emission processes in production is the right starting point," he said. The successful transitions in other countries were largely enabled
