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Odisha has topped among all states in the country in terms of collecting and utilising funds;Prafulla Kumar Mallik

Bhubaneswar, October 12, 2017: With total funds collection worth Rs 3,433.66 crore up to end of September, Odisha has topped among all states in the country in terms of collecting and utilising funds under the District Mineral Foundation (DMF) mandated under the amended Mines and Minerals Development & Regulation (MMDR) Act, Steel and Mines Minister, Prafulla Kumar Mallik said at an ASSOCHAM event held in Bhubaneswar today. “As many as 9,896 projects with financial outlay of Rs 1,459.17 crore have already been initiated in different districts which cover drinking water, road infrastructure, education, health and others (sectors),” said Mallik while inaugurating an ‘ASSOCHAM National Conference on Mining in Odisha.’ Introduction of provision for DMF under Section 9B of MMDR (Amendment) Act, 2015 has facilitated augmentation of funds to provide a permanent, sustainable solution to problems of tribals and poor people living in mining affected areas.

Talking about the need to emphasize more responsible mining, the Minister said that effective regulation and implementation of current laws is a pre-requisite for being able to continue mining of even most essential minerals.

“Prevention and mitigation of adverse environmental effects due to mining of minerals and repairing and re-vegetation of affected forest area and land covered by trees in accordance with latest internationally acceptable norms and modern afforestation practices needs to form an integral part of mine development strategy,” said Mallik. He suggested the mining companies to forge alliances with infrastructure players, technology and equipment suppliers and financier’s innovative ways including the public-private partnership model in order to optimise risk-reward equations and achieve economies of scale. Lamenting that high turnaround time in network leads to poor operational efficiency, resulting in demurrages and detentions, the Minister said, “Our Government is working to enhance and optimise logistics configuration between mines, plants, railways and ports.”

 

 

 

 

 

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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