politics
Union Government Allocates ₹40,000 Crore for Mine Closure Corpus
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The Union government has earmarked ₹40,000 crore for a mine closure corpus, marking a shift towards a circular economy. This move aims to abandon the ecologically insensitive 'extract-and-abandon' model and promote diversified local…
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Union Government Allocates ₹40,000 Crore for Mine Closure Corpus
The allocation of ₹40,000 crore for a mine closure corpus signals a significant step towards a circular economy in India. The country, being the second-largest producer of coal in the world, has chosen to adopt a path that prioritizes the environment and promotes local economic development. The corpus will be used to support the closure of mines and facilitate the transition to a more sustainable economic model. This move is expected to have a positive impact on the environment and the local communities affected by the mining industry.
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