ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From 50 Years Ago (8 July 2006)

made much of a difference in mining policy. In a press note issued by the Ministry of FROM 50 YEARS AGO On the contrary, applications for prospecting Commerce and Industry on June 22, the licenses for these minerals which had been Government first gave out its ideas about kept pending after the announcement of the export policy for ores. The major consider- Industrial Policy Resolution, will now be ations which appear to have influenced the freely granted. Similar licenses would be Government were (1)

FROM 50 YEARS AGO made much of a difference in mining policy. In a press note issued by the Ministry of On the contrary, applications for prospecting Commerce and Industry on June 22, the licenses for these minerals which had been Government first gave out its ideas about kept pending after the announcement of the export policy for ores. The major consider-Industrial Policy Resolution, will now be ations which appear to have influenced the freely granted. Similar licenses would be Government were (1) “developments in certain issued in the future also, as in the case of many countries in the matter of purchase of ores and

Vol VIII, No 28, July 14, 1956 of the minerals under Schedule IV of the their effect on India’s foreign trading” and Mineral Concession Rules, 1949. (2) the conviction that the existing trade

Mineral Policy and

The Mineral Concession Rules, however, mechanism was quite inadequate to cope withExport of Ores are to be changed very substantially but these developments… the major changes would relate to the terms Conservation of minerals in the interest

July 15 is the D day for mining companies of lease granted before the present rules of future development of the country is a who produce for export markets as well as came into force. In fact, this has been long sensible policy. So is active development for exporters and shippers of ores. Pending over-due. The conditions of the earlier of minerals to the extent that resources finalisation of the new licensing procedure for leases, which are very much out of line permit and the general state of development export of ores, current quotas and registration with current regulations, will be amended by of the economy may require. The range for slips have been validated uptill that date. On a bill which will be presented when the it is wide – smelting, refining, benefication, that day, the export procedure for ores is Parliament meets. development of metallurgical industries and expected to be announced. It is lately that the Government has woken fabrication. It is not that the Government

There have been some important changes up to the necessity for a more energetic intends or hopes to utilise all the iron and in respect of minerals. The future develop-development of minerals. The First Plan did manganese ore for the above purposes. In ment of selected minerals – only mining in not even provide for a systematic investiga-fact, the export target for both have been the case of iron, manganese and chrome ores tion of our mineral resources; it was later that substantially increased for the Second Plan etc., and both mining and processing in the the allocation for the purpose was more than period. But a dog in the manger policy procase of the others – is now the exclusive doubled. But all this takes us very far away motes no development. If there is more to it, responsibility of the State. The inclusion of from the question of export policy which is perhaps the Government would take not these minerals in Schedule A of the new the immediate concern of mining interests. only the trade but also the public into its Industrial Policy Resolution however, has not It is here that State trading comes in… confidence.

Economic and Political Weekly July 8-15, 2006

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