Bhubaneswar, Jan. 19: A delegation of the World Bank officials will be here on Monday to discuss with the Odisha government on steps required to streamline the mining sector, which has been hit by a scam.
The team is expected to provide support to Odisha for effective management of revenue, including mapping of the mineral revenue flow. The team will suggest on simplification of mining taxation regime and policies to optimise mining revenue.
Official sources said discussions were likely to be held on having resources corridors. The agenda includes data collection on stakeholders and creating community development funds. “The Bank will extend support on continued reforms in mines licensing, digitisation of mining licences and compilation of an inventory of licensing conflicts,” said an official.
While the World Bank is reaching here to have a look into the mining sector, the Inter-Ministerial Committee of the central government has convened a meeting in New Delhi on Monday to discuss the issues related to the Posco steel plant project.
This is a preparatory meeting for the Indo-Korean Joint Venture Investment Promotion Committee, which is scheduled to meet on February 15.
There has been no substantial movement in the mega steel project because of law and order problem. The company, whose MoU expired in 2011, has applied for renewal of its MoU and the government is yet to finalise the agreement.
In a related development, the Odisha government has urged the Centre to allocate the Baitarani coal mines to it. The central government had originally allocated the blocks to the Odisha Hydro Power Corporation, Gujarat Power Corporation and the Kerala state electricity board.
The three government agencies have not undertaken any work in those sites. Chief secretary Bijoy Patnaik has written a letter to the Union coal ministry.
Odisha is worried that de-allocation of coal blocks is being a hindrance in the state’s path for industrialisation.
“If we don’t ensure supply of coal linkage, it will be difficult to encourage industries in the state,” said an official.