Highlights of the Draft Mining Bill:
Ø As per the proposed draft Mining Bill, coal companies will have to share 26 per cent of their net profits with the project-affected people
Ø Mining companies of iron ore and other minerals have to set aside an amount equal to the royalty paid to the states
Ø An amount of Rs 10,000 crore may accrue annually from the above
Ø This money will be spent for the welfare of tribal people in project areas
Ø The proposed bill has adversely impacted the share prices of mining companies, like, Coal India
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