FIMI debunks mine auction process; blames it for raw material shortage
January 18, 2021
Revenue earned by state governments much less than forex spent on imports, says FIMI
The Federation of Indian Mineral Industries has debunked the government projection of open auction of mines as the panacea for all ills plaguing the mining industry, and generating huge revenues for State governments through resource development.
Following an analysis of the auction system of mines in the last 10 years, FIMI said the system has resulted in scare setting in among various industries about the availability of raw materials, which led to high and unsustainable bids, and costly raw materials, rendering the industries unviable, leading to their imports and foreign exchange outgo.
Second drink drive ban for 21-year-old woman who crashed during late-night cigarette run
She decided she was fit to drive after drinking wine and vodka
She decided to drive even though she had been drinking wine and vodka (Image: Csaba Deli)
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A 21-year-old woman has been banned for drink driving for a second time after she crashed during a late-night trip to buy cigarettes.
China’s electricity system was already becoming stretched - even before unusually cold weather descended on most of the country in December and January.
The False Promise of âSecond Lifeâ Coal
âSecond lifeâ coal proposals are high emission proposals and usually have an associated high water use intensity. These proposals also lack scientific or economic proof of success.
A worker carries coal in a basket in a industrial area in Mumbai, May 31, 2017. Photo: Reuters/Shailesh Andrade/Files
Government18/Jan/2021
Home Minister Amit Shahâs recent statement that India will likely invest Rs 4 trillion ($55 billion) in expanding new and existing coal mines, some of which may go into speculative, domestic âclean coalâ projects over the next decade to create a hope for âsecond lifeâ is, in our view, entirely inconsistent with the countryâs policy direction and ignores the lack of proof of economic viability.