India has not been able to utilise its mineral wealth
Fimi feels even after the govt slashed the corporate tax rates, the taxation rate is still steep for the mining sector
The move also creates uncertainty for future mining renewal in Chhattisgarh, where most of the mines are due for renewal in March 2020
Y-o-Y growth in coal output has stayed volatile, falling from 9.7% in July 2018 to a lowly 2.5% in August
In June, the Chhattisgarh govt informed the Union mines ministry that it had identified 11 mines for auction during 2017-18
The country's multi-billion dollar mining industry is facing tough challenges amid the weak global commodity market