Auction At Least Six Mineral Blocks By June 30, Center Tells Telangana
Delhi/Hyderabad, June 16 (Maxim News): The Mines Ministry has flagged that the Telangana government failed to auction any mineral blocks in the past nine years and asked the State to put at least six mines on sale by the end of this month.
Click Here To Join Us On WhatsApp
According to sources, geological reports of eleven blocks have been handed over to the government of Telangana for auction. These blocks consist of five iron ore mines, five limestone blocks, and one manganese block.
To date not even a single block has been put up for auction by Telangana even though the Mines Ministry has sent repeated reminders to the State government. the process of allocating mineral blocks through auctions began in 2015.
Click Here To Join Us On WhatsApp
In a recent letter to the Telangana government, the Mines Ministry asked the State to notify a minimum of six blocks from the 11 for auction by June 30, the source said.
The Ministry warned that failure to do so will force the Centre to begin the auction process. As per the amendment in mining rules made in 2021, the Centre has the power to put on sale the mineral blocks in case a State government fails to auction the mines within the mutually agreed period.
Click Here To Join Us On WhatsApp
Since the introduction of the auction regime, 354 major mineral blocks have been auctioned in the country. Of these 354 auctioned blocks, production has begun in 48 mineral blocks, amounting to a significant increase in revenue earnings to those States that have auctioned the mineral blocks, sources said.
Expeditious auction of the available mines will fully harness the mineral potential of the state for economic growth and welfare of the people as the revenue generated will accrue to the state government. Moreover, this will also create additional employment in the state, the sources added. (Maxim News)
Next Story :
-
Rajasthani Film ‘Bharkhama’ Won Special Jury Mention at JIFF 2025
![Rajasthani Film ‘Bharkhama’ Won Special Jury Mention at JIFF 2025]()
The Rajasthani film Bharkhama made waves at the Jaipur International Film Festival (JIFF) 2025, earning the distinguished Special Jury Mention Award. The movie’s special screening at GT Inox, Malviya Nagar, Jaipur, left a profound impact on both viewers and critics, marking a significant moment for regional cinema. The event was further elevated by the presence…
-
Trump Launches $500 Billion “Stargate” AI Venture
![Trump Launches $500 Billion “Stargate” AI Venture]()
In a major push to advance artificial intelligence (AI) infrastructure, United States President Donald Trump revealed a $100 billion joint venture called “Stargate” on January 21 (January 22 IST). The initiative, spearheaded by SoftBank Group, OpenAI, and Oracle Corporation, aims to revolutionize AI development in the U.S. with plans to scale the investment to $500…
-
Dalit Groom Riding Horse Faces Opposition: Police Step in for Protection
![Dalit Groom Riding Horse Faces Opposition: Police Step in for Protection]()
In Lavera village of Srinagar block, Ajmer district, a wedding procession proceeded peacefully on January 21 under heavy police protection. Around 400 police personnel were deployed to prevent potential opposition from upper-caste locals, who reportedly objected to the groom riding a horse—an act traditionally viewed as a symbol of status and equality.
-
Beti Bachao Beti Padhao Marks 10 Years of Launch
![Beti Bachao Beti Padhao Marks 10 Years of Launch]()
As India marks the tenth anniversary of the Beti Bachao Beti Padhao (BBBP) initiative, Prime Minister Narendra Modi has hailed the program’s transformative impact on addressing gender disparities and empowering the girl child. Launched on January 22, 2015, the initiative has evolved into a landmark movement for gender equality and girl-child education in India.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
