Iron ore: Current Affairs, GK & News - 2020-2021

Utkala Dibasa, Odisha Statehood Day celebrated on April 1

Published: April 2, 2020

Every year, the state of Odisha celebrates Utkal Divas on April 1. The tradition of the celebration is being followed for 84 years now. Being the 9th largest state, the state is rich in mineral resources. It is a major supplier of raw materials such as coal, iron ore to several industries spread all over ..

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Vivad Se Vishwas Scheme: Rs 888.09 crores saved by NMDC under the scheme

Published: April 2, 2020

On April 1, 2020, the National Mineral Development Corporation operating under the Government of India announced that it has saved Rs 888.09 crores by adopting Vivad Se Vishwas Scheme. Highlights The Vivad Se Vishwas scheme was announced by the Finance Minister Nirmala Sitaraman during the Union Budget 2020-21. The scheme was introduced to generate timely ..

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Odisha Mining Activity greatly affected due to COVID-19; 21 mines interrupted

Published: March 30, 2020

With the COVID-19 spreading at faster rate in the country, GoI had extended the statutory permits of mines for smooth transition. In spite of this, several mines in Odisha are facing delays of resumption. Highlights The operations of 21 mines have been disrupted completely. The delay in resumption of merchant mines in the state is ..

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Saranda Mining Ban

Published: March 21, 2020

The Union Ministry of Environment, Forest and Climate Change constituted a committee to reassess the ban imposed on mining in the Saranda region of Jharkhand. Saranda Forests The Saranda Forest is the largest Sal forest in Asia. It extends across the hilly region of Singhbhum district of Jharkhand. The Rivers Koina and Karo pass through ..

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Corona Virus: NMDC reduced iron ore prices by 1.5%

Published: March 16, 2020

On March 16, 2020, the National Mineral Development Corporation announced that the prices of iron ore is to be reduced by 1.5%. The Corporation is taking such measures predicting decline in iron ore demands due to the threats of Corona virus. Highlights The steel prices in India reduced in 2019 due to economic slowdown. The ..

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