gfiles magazine

March 10, 2018

Caution! No mines ahead


INDIA received a not so envious accolade last week when the Fraser Institute (one of world’s top think tanks) dropped the country from its list of top mining destinations, based on policy and social frameworks. Juxtapose the above with the developments in the mining sectors in the recent past. It is mired by social and judicial activism, resulting in not just economic loss to the institution of State, but also the degradation of whole socio-economic ecosystem. Of course there are cases where irregularities were found and it those should be addressed. The top Court of the country duly did it by ordering closure of mines in the beginning of this decade in Karnataka, Odisha and Goa. However, never before the court put an absolute ban in mining activities.




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