Ministry of Mines Current Affairs - 2019

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KABIL: Govt sets up Khanij Bidesh India Ltd to ensure supply of strategic minerals

Union Ministry of Mines has set up joint venture company namely Khanij Bidesh India Ltd. (KABIL) to ensure a consistent supply of critical and strategic minerals to Indian domestic market. This new company is mandated to ensure mineral security of the country and help in realizing the overall objective of import substitution. About Khanij Bidesh Read More…

Month:  Categories: Business, Economy & Banking

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Arunachal has 35% of India’s Graphite Deposits: GSI Report

The Geological Survey of India (GSI) in its report revealed that about 35 % of India’s total Graphite reserves is found in Arunachal Pradesh. This is the highest found in country. Key findings of Report About: The GSI presented the said data during its annual interactive meeting with the Department of Geology and Mining & Read More…

Month:  Categories: Environment & Biodiversity

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Cabinet approves Restructuring of Indian Bureau of Mines

The Union Cabinet has approved restructuring of Indian Bureau of Mines (IBM) by upgradation, creation and abolition of certain posts of Joint Secretary-level and above. Decision in this regard was taken at Union Cabinet Meeting chaired by Prime Minister Narendra Modi in New Delhi. Background The Union Ministry of Mines had constituted Committee for comprehensive Read More…

Month:  Categories: Governance & Politics

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Government launches Sand Mining Framework to check illegal extraction

The Union Ministry of Mines has launched Sand Mining Framework to help states deal with the sand mining issues, including demand supply deficit and illegal extraction. It was launched at the third National Conclave on Mines & Minerals held in New Delhi. Key Facts The main objective of framework is to assist states in arriving Read More…

Month:  Categories: Governance & Politics

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NALCO Disinvestment: Government raises Rs 1200 crore

The Central Government has raised Rs. 1,200 crore by divesting 9.2% of paid-up capital in National Aluminum Company Ltd. (NALCO). With this disinvestment, Government’s shareholding in NALCO has become 65.37%. Disinvestment involves the sale of Government’s share in the Public Sector Undertakings. In disinvestment, the government sells only a part of the equity which is Read More…

Month:  Categories: Business, Economy & Banking

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