Mining revenues to jump 30% next fiscal, says KTR

Vishwas News

Hyderabad, Feb 15:Telangana has been bestowed with abundant mineral reserves such as coal, limestone, dolomite, manganese, iron ore, uranium, granite, besides others. The State has identified mining as one of the core sectors and through its industrial policy has been attracting significant investments.
Emphasising that mining is one of the major growth engines for the State, Telangana Mining & Geology Minister K T Rama Rao said, with the efforts of the government, the State's mining revenues are going to jump from Rs 3,170 crore in 2016-17 to Rs 3,500 crore in 2018-19, registering a 30 per cent increase.
Under the District Mineral Foundation (DMF), the State has released Rs 1,328 crore so far which is being used for the districts where mining is done. And through TS-iPAS, Telangana is seeing employment generation in both mining and ancillary industry.
Addressing the miners, policy makers, machinery manufacturers at the inaugural of the four-day Mining Today 2018 conference in Hyderabad on Wednesday, the Minister said, "The online system that we have introduced is allowing quicker filing and processing besides issuing statutory approvals."
KTR informed, Telangana has taken measures to arrest recession in granite sector. The government has also brought out a comprehensive and one of its kind 'Sand Policy' in the country that aims at curtailing the middlemen and avoid overexploitation of the reserves. This is also facilitating quick disposal of sand from the dedicated yards that had been created for this purpose. Innovative steps such as sand taxis had been introduced by the State where one can order for sand and it will be delivered at the doorsteps.
He said, "Telangana is making arrangements to procure iron ore from NMDC's Bailadila deposit in Chhattisgarh to feed the Khammam Steel Plant. A Rs 2 crore rail line has been proposed through which the ore will be supplied to the plant."
Drone technology
Telangana government is exploring the use of drone technology to carry out surveillance of the mining exploration and other activity in the State. This will help identify if there is any illegal mining happening as well as tracking abandoned mines.
Charting out five point focus in mining, KTR said mines should be treated as national treasure and transparency should be there on how mining is being done; mining should not impact environment and harm nature; safety of mining workers should be given attention; technology should be used to improve efficiency; and miners should be socially responsible.
Jayesh Ranjan, principle secretary, Industries and Commerce, Government of Telangana, said, the world is talking about India as the next trillion dollar economy. Economists and researchers are working on ways to improve economy through different means including technology. Telangana which has topped the national rankings in ease of doing business is using technology aggressively.
Source: Vishwas News



No comments yet! Be the first one to leave a comment.

Add Comment


More Hyderabad News

Musi clean-up gains pace ..

Telangana will protect sericulture farmers, says Etela Rajender ..

- TS issues guidelines for implementing Economic Support Schemes
- Global meet on blockchain in Hyderabad
- Fighting rain, flood for Medigadda dream
- Youth, woman held for murder
- Thousands offer 'bonam' to goddess at Golconda
- Tech to scale up healthcare
- Tighter security cover for 16 Metro stations
- New footpaths covering 310 km soon
- Forest offenders to face PD Act: DGP
- National Health Mission lauds Telangana for healthcare
- Few Muslims in Central paramilitary forces, says Asaduddin Owaisi
- Lightning, flood alert systems in TS soon
- Azharuddin keen to contest LS polls from Secunderabad
- Will focus on urban areas after 2019, says KTR
- Zoho to set up two data centres in India
- Telangana Vaidya Vidhan Parishad gets 919 specialist doctors
- Irrigation Dept Chief Engineer in ACB net
- Katrina Kaif's response to Arjun Kapoor's comment on her photo is spot on
- Ahmed Patel moves SC seeking dismissal of plea challenging his election to Rajya
- Hyderabad Zone to push for GST returns filing

Related News

Saudi budget deficit halves as financial reforms kick in
London:Saudi Arabia's budget deficit halved in the first six months of the year following sweeping spending cuts that form part of .. read more
No money to pay salaries of govt staff, says Andhra CM Chandrababu Naidu
Vishwas NewsHyderabad, Nov 10: Andhra Pradesh is finding it hard to pay salaries to its staff despite a hike in its revenues in th .. read more
Saudi non-oil revenues up 80% as reforms pay off
London:Saudi Arabia's economic reform plans are paying off, with an 80 percent hike in the country's non-oil revenues in the third .. read more
Jaiveer lone bright spot on a dull day
MANGALURU, May 3: After a heady Saturday, it was a sedate Sunday at the Federation Cup athletics meet. If as many as 11 athletes h .. read more
Brittney Reese wins fourth long jump world title
Aug 12:American Brittney Reese claimed her fourth world long jump title on Friday after a tense, tight contest in which only six c .. read more

More Related News

- Hyderabad to host international conference on mining
- Eatala holds review meeting with revenue earning departments
- Govt snatching land in the name of open cast mining: CPM
- Hyderabad-based Dr Reddy's Laboratories to open new unit in Bachupally
- Long Jump prodigy Sreeshankar, on cusp of 8-metre club, eyes Asian Games and Junior Worlds
- AP-Australia ink MoU for mining
- City Police and GHMC offer special training for recruitment in police department
- HC reprimands SP for entering court hall with cap
- Baahubali 1 earned Rs 600 crore but made zero profit. The reason is Baahubali 2
- Sigh of relief for H-1B work visa applicants

More Latest News:

- Musi clean-up gains pace
- TS issues guidelines for implementing Economic Support Schemes
- Telangana will protect sericulture farmers, says Etela Rajender
- Global meet on blockchain in Hyderabad
- 200 check dams coming up in Telangana
- Fighting rain, flood for Medigadda dream
- Break silos, make government seamless for people: President Kovind to newly recruited IAS officers
- PM Narendra Modi wishes former Tamil Nadu CM Karunanidhi speedy recovery
- Ahmedabad 2008 serial blasts accused gets bail
- Congress leader Jairam writes to NMML director over confusion for museum approval
- PNB scam: Fugitive jeweller Mehul Choksi says he took Antigua citizenship last year to expand business
- Eye test can now detect early signs of dementia, says study
- India vs Essex Practice Match: India's frontmen dazzle, sidekicks falter
- Hopeful to be part of England squad in World Cup 2022, says Phil Foden
- Twenty young boys and girls to represent India at Junior NBA World Championship
- Mission: Impossible Fallout box office prediction: The Tom Cruise film will earn Rs 10 crore on Day 1
- Saheb Biwi Aur Gangster 3 movie review: The weakest link is Sanjay Dutt's gangster
- Saudi Arabia joins global pledge to protect disabled rights
- Iran's Revolutionary Guards' chief warns Trump: 'If you begin the war, we will end it'
- Houthis accused of threatening world's electricity supplies
- Youth, woman held for murder
- Rahul Gandhi congratulates ragpicker's son for cracking AIIMS entrance test
- Cows are safer than women in the country, says Shiv Sena chief Uddhav Thackeray
- Bihar clears new liquor bill, CM Nitish says prohibition for betterment of poor
- 'Do not stop writing': Kerala CM Pinarayi Vijayan backs writer Hareesh over novel controversy
This page was created in 0.0531289577484 seconds