State Mining Index: Govt to Finalise Framework for Ease of Business
By Rediff Money Desk, New Delhi May 08, 2024 17:32
India's government is finalizing a framework for a state mining index to promote ease of doing business in the sector, with rankings expected in April 2025.
New Delhi, May 8 (PTI) The government is likely to soon finalise a framework for a state mining index which would serve as a tool for stakeholders and ensure ease of doing mining business, an official said on Wednesday.
A state mining index would boost cooperative federalism as well as competition among states, Mines secretary V L Kantha Rao said at a day-long workshop on State Mining Index here.
Principal secretaries, directors and other officials from 26 states participated in the workshop to discuss and finalise the indicators and sub-indicators of performance which form part of the index framework and methodology.
Post consultations and feedback from states, a framework of the state mining index will be finalized and released in July 2024 for actual ranking to take place in April next year, Kantha Rao said.
The index would serve as a tool for stakeholders of the mining sector to understand different aspects related to the ease of doing mining business within a state, he added.
The secretary also made a plea to states to help in data collection efforts by properly submitting the statistical returns in time.
A state mining index would boost cooperative federalism as well as competition among states, Mines secretary V L Kantha Rao said at a day-long workshop on State Mining Index here.
Principal secretaries, directors and other officials from 26 states participated in the workshop to discuss and finalise the indicators and sub-indicators of performance which form part of the index framework and methodology.
Post consultations and feedback from states, a framework of the state mining index will be finalized and released in July 2024 for actual ranking to take place in April next year, Kantha Rao said.
The index would serve as a tool for stakeholders of the mining sector to understand different aspects related to the ease of doing mining business within a state, he added.
The secretary also made a plea to states to help in data collection efforts by properly submitting the statistical returns in time.
Source: PTI
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