{"id":290686,"date":"2019-09-06T05:37:48","date_gmt":"2019-09-06T05:37:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=290686"},"modified":"2019-09-06T05:37:48","modified_gmt":"2019-09-06T05:37:48","slug":"panel-for-updating-mining-law-move-to-save-psus-from-fines","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/panel-for-updating-mining-law-move-to-save-psus-from-fines\/","title":{"rendered":"Panel for updating mining law, move to save PSUs from fines"},"content":{"rendered":"<p>BHUBANESWAR: A high-level committee of secretaries has recommended amending a section of mining laws that led to a fine of about Rs 19,000 crore levied on Odisha&#8217;s iron ore miners to spare a similar burden on state-owned companies and other miners elsewhere.<\/p>\n<p>The committee &#8211; chaired by Niti Aayog vice chairman Rajiv Kumar and consisting of the cabinet secretary and secretaries of mines, steel, coal, revenue and finance &#8211; has concluded that if the reasoning applied to penalise mines in Odisha was applied to others, it would lead to &#8220;huge financial burdens on mining companies, including PSUs and would adversely impact their economic viability&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BHUBANESWAR: A high-level committee of secretaries has recommended amending a section of mining laws that led to a fine of about Rs 19,000 crore levied on Odisha&#8217;s iron ore miners to spare a similar burden on state-owned companies and other miners elsewhere. The committee &#8211; chaired by Niti Aayog vice chairman Rajiv Kumar and consisting of the cabinet secretary and secretaries of mines, steel, coal, revenue and finance &#8211; has concluded that if the reasoning applied to penalise mines in Odisha was applied to others, it would lead to &#8220;huge financial burdens on mining companies, including PSUs and would adversely [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-290686","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=290686"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290686\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=290686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=290686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=290686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}