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PM holds high-level meeting to deliberate the potential economic reforms in Mines and Coal Sectors to give a boost to the economy in the backdrop of COVID-19
PM Modi reviews the contribution of Mines sector in increasing employment opportunities and boosting growth
PM Modi lays special focus on improving country's self reliance in production of minerals and their in-country processing

PM Narendra Modi held a detailed meeting to deliberate the potential economic reforms in Mines and Coal Sectors to give a boost to the economy in the backdrop of COVID-19. The discussions involved ensuring easy & abundant availability of mineral resources from domestic sources, upscaling exploration, attracting investment and modern technology, to generate large scale employment through transparent and efficient processes. 

Auctioning of additional blocks, encouraging wider participation in auctions, increasing the production of mineral resources, reducing the cost of mining and cost of transporting, increasing ease of doing business while also reducing carbon footprint with environmentally sustainable development also formed important part of the discussions.

The issues related to reforms in auction structure, efficient institutional arrangements, participation of private sector in exploration and mining, making public sector more competitive as well as broad-basing the community development activities through the Mineral Development Fund were also deliberated. Expanding and improving evacuation infrastructure for minerals including use of sea-routes for domestic supplies was also considered. 

The aspects related to increasing the efficient and environmentally sound first mile connectivity for coal transport from mines to railway sliding, automatic loading on rail wagons, coal gasification and liquification, coal bed methane exploration were also discussed for potential reforms.

PM Narendra Modi reviewed the contribution of Mines sector in increasing employment opportunities and boosting growth.
PM laid special focus on improving country's self reliance in production of minerals and their in-country processing. He added that the mineral sector should benchmark its operations to international standards and advised them to prepare an action plan. He exhorted using modern technologies for efficient mining. He also directed to aim for reducing delays in obtaining clearances and partnering with states to facilitate increase in private investment to boost the economy. He gave directions to target thermal coal import substitution particularly when a huge coal stock inventory is available in the country this year.

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PM to inaugurate InFinity Forum on 3rd December
November 30, 2021
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The Forum will focus on the theme of 'Beyond'; with various sub themes including ‘FinTech beyond boundaries’, ‘FinTech beyond Finance’ and ‘FinTech Beyond Next’

Prime Minister Shri Narendra Modi will inaugurate InFinity Forum, a thought leadership Forum on FinTech, on 3rd December, 2021 at 10 AM via video conferencing.

The event is being hosted by International Financial Services Centres Authority (IFSCA), under the aegis of Government of India in collaboration with GIFT City and Bloomberg on December 3 and 4, 2021. Indonesia, South Africa and the U.K. are partner countries in the first edition of the Forum.

InFinity Forum will bring together the leading minds of the world in policy, business, and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry for inclusive growth and serving humanity at large.

The agenda of the Forum will focus on the theme of 'Beyond'; with various sub themes including FinTech beyond boundaries, with governments and businesses focussing beyond the geographical boundaries in the development of global stack to promote financial inclusiveness; FinTech beyond Finance, by having convergence with emerging areas such as SpaceTech, GreenTech and AgriTech to drive sustainable development; and FinTech Beyond Next, with focus on how Quantum Computing could impact the nature of Fintech industry in the future and promote new opportunities.

The forum will witness participation from over 70 countries. Key speakers at the Forum includes Finance Minister of Malaysia Tengku Mr. Zafrul Aziz, Finance Minister of Indonesia Ms Sri Mulyani Indrawati, Minister of Creative Economy Indonesia Mr. Sandiaga S Uno, Chairman and MD, Reliance Industries Mr. Mukesh Ambani, Chairman & CEO SoftBank Group Corp. Mr. Masayoshi Son, Chairman and CEO, IBM Corporation Mr. Arvind Krishna, MD and CEO Kotak Mahindra Bank Limited Mr. Uday Kotak, among others. NITI Aayog, Invest India, FICCI and NASSCOM are some of the key partners to this year's Forum.

About IFSCA

The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, Gandhinagar Gujarat, has been established under the International Financial Services Centres Authority Act, 2019. It works as a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India.