Minister of Mines (Independent Charge), Shri Dinsha J. Patel informed Rajya Sabha today in a written reply that as per the Government statistics maintained by the Department of Industrial Policy and Promotion, the Foreign Direct Investments (FDI) inflow into the mining sectors during January 2011 to December 2011 is 140.25 million US$ ( Rs. 630.77 crore).FDI up to 100% is permitted under the automatic route in Mining and Exploration of diamond and precious ores, subject to the Mines and Minerals (Development & Regulations) Act, 1957, as per para 6.2.3.1 of the Consolidated Foreign Direct Investment Policy Circular 1 of 2012 dated 10th April, 2012 issued by the Department of Industrial Policy and Promotion, the Minister said.
You May Also Like
loading...
Popular Posts
-
The Forum of Regulators (FOR), a statutory body of Electricity Regulators with CERC Chairperson as Chair and SERC Chairpersons as Members, ...
-
National Bank for Agriculture and Rural Development (NABARD) has reported that it provides grant support to Non Government Organizations (NG...
-
General Elections 2014 Fact sheet - 19 The 16th Lok Sabha elections would be held in the lone Parliamentary Constituenc...
-
The Union Finance Minister Shri P. Chidambaram asks Directorate of Revenue Intelligence (DRI) to focus on better trade facilitation and i...
-
The Minister of State for Civil Aviation, Shri K.C. Venugopal informed Rajya Sabha today that the Government has granted "in-princip...
-
The Minister of Steel, Shri Beni Prasad Verma has said that NMDC Limited and M/s Severstal (a Russian company) have signed a Memorandum of U...
-
Smt.Deepak Sandhu, Chief Information Commissioner administered the oath of office of the Information Commissioner in the Central Informat...
-
National Optical Fibre Network (NOFN) project is planned to connect all Gram Panchayats (approx. 2.5 Lakh) in the country including hilly...
-
The Union Cabinet today approved the erstwhile all categories (Group A, B, C & D) of employees of the government absorbed in MTNL and...
-
The held strength of officers in the Army is 38574 (as on 1st July 2013) as against sanctioned strength of 47762 (excluding Army Medical ...