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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741
Wednesday, April 21, 2021
8 Pages
Absence Of Clarity On Resumption Of Mining To Put Goa In Huge Debt, Say Mine Owners Goa
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Port Wings News Network mine owners body in Goa has warned that the absence of clarity on resumption of mining activity will result in huge debt for the state as tourism, which is one of the major contributors to the state GDP, is feeling the pinch due to resurging coronavirus cases in the country, according to a news report in Financial Express quoting news agency the PTI. In an interview with PTI, Goa Mineral Ore Exporters Association (GMOEA) President Ambar Timblo said that the position of the state looks “very precarious” as the COVID situation in the country, including Goa, will become acute in the next two months and post lapse of this period there will be the onset of monsoons in the state, an offseason for the tourism sector. “Then you are ending with negative earning from now all the way to October,” he explained. Mining in Goa came to a standstill in March last year after the Supreme Court quashed 88 leases in 2018. “During the first wave, tourism got hit drastically. There has been a respite in that sector from October (of 2020)…Now from the recent developments, we see… (tourism) sector is coming under stress. “Two industries (mining and tourism) which constituted over 50 per cent of your state GDP will be for some reason or the other in suspension. “As far as state exchequer is concerned, I do not see from revenue point how they will
not see a huge budget deficit this year as well,” Timblo explained. However, Timblo said that the state government is hopeful the Goa mining matter will be heard in the court and mining would be allowed to commence. At the same time, the Goa government also hopes that situation arising out of COVID-19 can be dealt with so that the tourism sector prospers. “Even the state government is not happy with the File Photo
present impasse…We have to also appreciate the Centre’s position. They are trying to unlock mining value, in terms of auction of new areas…the Centre is trying to unlock mining potential…They (Centre) have supported us completely.” GMOEA Secretary Glen Kalavampara said that the stoppage of mining in Goa has amounted to the state’s debt rising every year and reaching at an uncomfortable level. The erstwhile Portuguese regime in Goa granted perpetual mining concessions in the state as long as the concessionaire complied with the conditions which the law and title of concession imposed on him.
After the liberation of Goa in 1961, The Mines and Minerals (Regulation and Development) Act, 1957, (the MMDR Act) and the Mineral Concession Rules, 1960 (the MCR 1960), were made applicable to Goa. The Goa, Daman & Diu Mining Concessions (Abolition & Declaration of Mining Leases) Act 1987 (the ‘Abolition Act’) was enacted in 1987, which declared erstwhile mining concessions to be deemed to be mining leases since 1961 (retrospective instead of prospective). The Abolition Act was challenged by the erstwhile concessionaires before the Bombay High Court. The High Court upheld the Act but ruled that royalty and other such levies could only be collected by the state prospectively i.e. from1987 onwards and cannot be collected retrospectively. The concessionaires filed Special Leave Petitions (SLPs) against the judgement before the SC. The Supreme Court passed an interim order permitting the concessionaires to carry on operations and business in the mining areas till disposal of the matter. In late 2014 and early 2015, the Goa government renewed 88 mining leases in the state. On February 7, 2018, the Supreme Court passed an order cancelling 88 iron ore mining leases in the state that were renewed by the government in 2014-2015.
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Wing 7 Feather 36
Chennai
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Port Wings News Network ndia’s frozen prawn exports to the United States declined during the calendar year 2020 to 2,71,831, tonnes from 2,86,902 tonnes of the previous year. However, the country retained the File Photo position as the largest exporter of frozen prawn to the US, according to a news report in The Times of India. India’s Rs 47,000 crore seafood export (global) business owes its size to frozen prawn as it accounts for 51% of the quantity and 73% of the total dollar earnings. Frozen prawn exports is a business pioneered by Kerala exporters - the very first container load of frozen shrimp from India was exported by Kochi-based exporter R Madhavan Nayar through Cochin Port on August 3, 1953, which marked the beginning of the modern seafood exports in India. While India suffered a decline in exports, other major competitors increased their quantity of exports – Indonesia, the second largest exporter increased their exports to 1,60,744 tonnes from 1,33,163 tonnes of the previous year. Similarly, Ecuador’s exports grew to 1,25,818 tonnes from 82,869 tonnes of calendar year 2019. Vietnam, another major player also found a growth in their exports to the US, touching 65,459 tonnes in 2020, up from 55,859 tonnes of the previous year. However, three significant
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players in this sector suffered degrowth in their frozen prawn exports to the US – Thailand’s exports came down to 40,510 tonnes in 2020 from 42,309 tonnes of the previous year. Similarly, Mexico’s
exports came down to 25,654 tonnes from 29,547 tonnes of 2019 calendar year. And China’s exports came down by half to 10,871 tonnes in 2020 from 20,079 tonnes of the previous year. According to the latest report from Globefish, part of the Food and Agriculture Organization of the United Nations, the harvests in India, Thailand, Malaysia and Bangladesh compared with 2019, which hints at the performance of leading players in the US market. “Since November 2020, prawn farming in Asia entered the low production season period covering the northeast region of India, Viet Nam, Thailand, Myanmar, and Bangladesh. Ex-farm prices of prawn bottomed out during the fourth quarter of 2020 and have firmed up since, especially for large and medium-sized prawn,” the report said. Globefish noted that supply and demand forecast for 2021 is opaque. “Unfortunately, 2021 is overshadowed again by COVID19. With increasing movement restrictions in North America, Europe, Asia and elsewhere, this year’s supply and demand forecast remain opaque for the time being,” it said. Due to Space Constraint, “Vessel Position at Terminals” will be published next Week Visit
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RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Tuesday / Wednesday