INDR Resources
India to raise compensation, mines have to pay displaced people | India to raise compensation, mines have to pay displaced people |
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NEW DELHI Monday, 22 Feb 2010 India plans to raise the compensation for people displaced by large mining projects, the federal mines minister said on Monday, in a move that could soothe opposition to leases but will raise costs. The government will introduce a new bill... ...probably in the current session of parliament, to raise the payout to affected people and direct large mining firms to link the payment to their profits, B.K. Handique told Reuters in an interview. "It will not only be a one-time payment. We are thinking of giving them annuity throughout the year from their profit domain," he said. For entire story download pdf (2 pages). Also more on involuntary resettlement and mining can be found:
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