Govt amends rules to streamline approvals for opening coal, lignite mines.
The changes remove procedural redundancies to speed up operations while maintaining ongoing regulatory oversight.
This reform streamlines the process while keeping compliance responsibility with the company's top decision-making body. It is expected to cut off operationalisation time by 2 months .
#Reform #Mining
https://m.economictimes.com/industry/indl-goods/svs/metals-mining/govt-amends-rules-to-streamline-approvals-for-opening-coal-lignite-mines/articleshow/126191191.cms
The changes remove procedural redundancies to speed up operations while maintaining ongoing regulatory oversight.
This reform streamlines the process while keeping compliance responsibility with the company's top decision-making body. It is expected to cut off operationalisation time by 2 months .
#Reform #Mining
https://m.economictimes.com/industry/indl-goods/svs/metals-mining/govt-amends-rules-to-streamline-approvals-for-opening-coal-lignite-mines/articleshow/126191191.cms
The Economic Times
Govt amends rules to streamline approvals for opening coal, lignite mines
The government has changed rules for opening coal and lignite mines. Prior approval from the Coal Controller's Organisation is no longer needed. Company boards will now approve mine openings. This change aims to speed up operations and boost coal production.
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The Assam Cabinet approved seven bills to support MSMEs and streamline land, revenue, and business regulations. Key measures include satellite city rules for urban expansion, plus tourism and mineral concession reforms. These actions aim to boost entrepreneurship and attract private investment. #Reform #policy
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DoT notification July 20 under Telecommunications Act 2023 bars cloud telecom, mobile towers, and satellite gateways from sharing data outside India. All systems, data, logs, and related info must be stored within India; no copies can be routed or shared abroad.
Regulation shifts from licensing to light-touch authorization, allowing the centre to appoint an agency to audit compliance. #Policy #Reform
Regulation shifts from licensing to light-touch authorization, allowing the centre to appoint an agency to audit compliance. #Policy #Reform
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Mauritius ratified a 2024 tax protocol granting officials power to deny treaty benefits if the investment's principal purpose is tax avoidance. Upon India's ratification, the Principal Purpose Test allows denying capital gains benefits on shares bought after April 1, 2017, even with operational substance.
This targets offshore vehicles routing investments into India, tightening GAAR rules and potentially impacting foreign investors from Mauritius, Singapore, and Cyprus. #Policy #Reform
This targets offshore vehicles routing investments into India, tightening GAAR rules and potentially impacting foreign investors from Mauritius, Singapore, and Cyprus. #Policy #Reform
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