Author: Business Jharkhand

The Jharkhand Government is set to auction 11 mines, including five gold mines. Chief Minister Hemant Soren has instructed the Mines Department to seek legal advice from the Law Department before proceeding for the auctions. As per the directive, the department has sent the necessary files to the Law Department for review. It has been informed that the auction process will begin in January 2025, once approval is received. Updates on the current status of these mines have also been requested. Jharkhand’s 11 Mines Will Be Auctioned The mines up for auction include four Limestone Mines, one Copper Mines, and…

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Mumbai: The Reserve Bank of India (RBI) on 26th Dec, 2025 announced the formation of an 8-member committee to prepare a framework for responsible and ethical use of Artificial Intelligence (AI) in the financial sector. This committee will submit its report within six months from the date of the first meeting. Pushpak Bhattacharya will be the chairman of this committee. According to the Reserve Bank, Professor Pushpak Bhattacharya of the Department of Computer Science and Engineering at the Indian Institute of Technology (IIT), Mumbai will be the chairman of this committee. This panel headed by Bhattacharya will assess the current…

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The Jharkhand Government has appointed personal secretaries (Aapt Sachiv) to six of its Cabinet ministers. Notification has been issued by the Cabinet Secretariat and Vigilance Department, Government of Jharkhand. These appointments include both Government and External quota selections. Cabinet Minister Mr. Yogendra Prasad has been allocated one personal secretary each from both the Government and External quotas. Additionally, five other Cabinet ministers have been assigned personal secretaries under the Government quota only. The appointed secretaries names are: Shri Manoranjan Kumar (JH-2020), currently serving as Block Development Officer in Mandar, has been appointed as the personal secretary (Government Quota) to Agriculture,…

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An incident occurred today in Lohardaga involving Hindalco’s ropeway used for bauxite transport. Twelve trolleys carrying bauxite from Bagdu Mines fell one after another into a residential area, raising safety concerns. The incident happened early Sunday morning when fewer people were around. Fortunately, no casualties or injuries were reported. Residents felt relieved that it happened on a day when most people were indoors or away from the area. Hindalco’s ropeway system has been transporting bauxite efficiently for years, but this incident highlights the need for better safety measures. Some villagers said similar accidents have happened before, though none caused major…

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Key Highlights: Villagers in Katia Mauja, Rudia Panchayat, oppose the transfer of 400 Acres of fertile agricultural land to SM Steel & Power Ltd. Men and women armed with traditional weapons rallied to the Chandil Subdivision Office, protesting against the administration’s actions. Slogans such as “Stop Stealing Tribal Land” and “We Need Food, Not Steel” were raised. Hundreds of villagers from Katia Mauja, Chandil (District Saraikela Kharsawan), carried traditional weapons and marched in protest against the transfer of fertile agricultural land to SM Steel & Power Limited. They accused the administration of bypassing local Gram Sabha consent in violation of…

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The expansion of Steel Authority of India Limited’s (SAIL) crucial Tasra Open Coal Project will now proceed at a faster pace. Due to land scarcity, the expansion had been moving slowly, but 41.11 acres (16.64 hectares) of land in Asanbani village, under the Baliyapur block, has now been acquired for the project. The notification for land acquisition has been issued, and affected families will receive government compensation and other facilities as per the rules. Impact of the Project will be on 448 Families: The land acquisition will impact 448 families, who will be displaced from the area. According to the…

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Over the past five years, Coal India closed 42 mines, including 30 underground and 12 open-pit. While BCCL mines remain unaffected, several ECL and WCL mines are part of the closure list. Western Coalfields Limited (WCL) saw the highest closure with 18 mines. The Coal Ministry is working under MDO guidelines to reopen these mines and revive operations. These closed mines are now being handed over to private companies for potential revival.  List of Closed Mines by Company: NEC (Northern Eastern Coalfields) SECL (South Eastern Coalfields) CCL (Central Coalfields) WCL (Western Coalfields) ECL (Eastern Coalfields) MCL (Mahanadi Coalfields) These mines…

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Our readers can regularly read a curated list of major and important news related to the industrial, political, and administrative sectors of Jharkhand, as published in various state newspapers, on our website. Stay updated with the latest developments and key stories from across the state. Todays highlights are: Cabinet Ministers Review Key Departments A week after taking office, several of Chief Minister Hemant Soren’s ministers, including Irfan Ansari (Health), Sanjay Yadav (Labour), Chamra Linda (SC/ST Welfare), and Shilpi Neha Tirkey (Agriculture), conducted review meetings. They issued directives on improving healthcare services, strengthening rural infrastructure, enhancing agricultural support, and improving welfare…

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A special CBI court in Delhi has convicted Abhijit Infrastructure Private Limited and its two directors, Manoj Kumar Jaiswal and Ramesh Jaiswal, in the multi-crore coal block allocation scam in Jharkhand. The company and its directors were found guilty of securing coal block allocations using fraudulent documents. Sentencing will be decided in a subsequent hearing. The CBI had registered an FIR against the company and its officials in January 2016, accused them of involvement in the illegal allocation of coal blocks. After an extensive investigation, the CBI filed charges in October 2020, stating that the company used forged documents to…

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Sanjay Malhotra, an Indian Administrative Service (IAS) officer from the 1990 batch of Rajasthan Cadre, has been appointed as the 26th Governor of the Reserve Bank of India (RBI). The Cabinet’s Appointments Committee approved his appointment for a three-year term, beginning from 11th December 2024. Malhotra will succeed Shaktikanta Das, whose tenure ends on 10th December 2024. Malhotra’s vast experience and expertise, particularly in finance, taxation, and public policy, make him well-positioned to steer India’s central banking institution through challenging economic times. About Sanjay Malhotra: A Visionary Leader with a Multi-Sectoral Background A distinguished officer, Malhotra brings over 33 years…

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