COAL & MINES

Mining reforms: India needs a National Mineral Index

The mining sector is poised to play a crucial role in the revival of the economy. It will form the foundation of all our efforts towards the much-needed economic recovery dented by the pandemic. The changing market scenario and operation dynamics require extensive mining reforms to overcome this situation and turbocharge the economy.

Hitting the bulls-eye, and when it was needed the most, the prime minister announced a well-structured Covid relief package, clubbed with a visionary call of Atmanirbhar Bharat to make India a self-reliant nation. The concept is not to isolate from globalisation, but to look inside, harness our strengths and make India a global trade superpower.

To execute the above, it is paramount to cut unnecessary red tape, shake-off bureaucratic/systemic lethargy and replace them with measures which will promote trust, ease of doing business and attract investments.

Source
financial express
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