Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

Underground And On The Edge

Business Today

|

December 15, 2019

THE DOMESTIC MINING LANDSCAPE IS STARING AT A MAJOR DISRUPTION WHEN AN ESTIMATED 329 MINING LEASES EXPIRE AND NEED TO BE AUCTIONED AT THE END OF THIS FISCAL. THE TARDY PROGRESS OF AUCTIONS SO FAR INDICATES THE CHANGEOVER COULD BE VERY MESSY.

- Sumant Banerji

Underground And On The Edge

In his own way, Maruti Chari, 61, is more popular in Usgao, a little village in North Goa, than the local corporator. While the place derives its name from the local word for sugarcane, its major industry and source of employment is iron ore mining. Chari is renowned in the area as the doc-tor of trucks – he can diagnose any problem in a truck merely by sitting in it and driving for 100 metres. His 41-year-old truck repairing centre on National Highway (NH) 748, which connects Belgaum in North Karnataka to Panjim, is one of the landmarks in the area.

But his business took a major hit when the transport business in the area dwindled in the aftermath of a complete ban on mining in Goa in March 2018. Having somehow endured for the last 18 months, Chari says he would have no option but to shut shop and lease out the land if mining isn’t restored by December. “I used to get 50-60 trucks for repair every day. Now I hardly get any,” he says. “Till 2015, I employed 50 people. Now, it’s down to just four. My earning has dropped from ₹ 5 lakh per month to just ₹10,000-12,000. At this rate, I won’t be able to survive much longer. I am just about holding on till December.”

Chari is an example of how the slowdown in the domestic iron ore mining industry is impacting those who are not directly involved in the business. Those who are, are even worse off. Santosh M. Thambi, 39, is staring at bankruptcy after he lost his job as a machine operator with Chowgule and Co. After losing his ₹30,000 a month job with a local miner, Yeshwant R. Satgaonkar often gets suicidal thoughts. Similarly, Sandeep M. Nirlekar, the sole bread earner in a family of five, has already defaulted on a personal loan after losing his employment.

MEER VERHALEN VAN Business Today

Business Today India

Business Today India

Discover Andhra Pradesh: Heritage, Coastline, and the Rising Hub of Health Tourism

Andhra Pradesh is renowned for its rich cultural heritage, spiritual significance, and diverse natural landscapes. Home to major pilgrimage centers such as Tirupati, Srikalahasti, and Amaravati, the state attracts millions of devotees annually.

time to read

2 mins

February 01, 2026

Business Today India

Business Today India

Made in Andhra: Industries, Innovation & Infrastructure

Aligned with the World Economic Forum's theme of \"A Spirit of Dialogue\", Andhra Pradesh is shaping an industrial growth model founded on collaboration between government, industry, and innovation ecosystems.

time to read

3 mins

February 01, 2026

Business Today India

Business Today India

Aerospace & Defence Corridors: Powering India's Next Strategic Manufacturing Frontier

Andhra Pradesh is building an integrated aerospace, defence, and space manufacturing ecosystem anchored by 6 specialised aerospace and defence clusters and a dual-hub Space City.

time to read

3 mins

February 01, 2026

Business Today India

Business Today India

From Land to Launch: Accelerating Business through Efficient Land Governance

Across the world, competitive economies are distinguished not merely by capital or talent, but also by the quality of their land governance systems.

time to read

2 mins

February 01, 2026

Business Today India

Business Today India

Coming of AGE

The new generation of youth coming into the workforce, with their own aspirations and belief systems, brings new opportunities and challenges. Is India Inc ready to navigate this frontier? The BT-PRICE survey sheds light

time to read

5 mins

February 01, 2026

Business Today India

Business Today India

Why Gen Z is Living Now

They have made a quiet decision that if the world is uncertain, they will not postpone happiness. That's not carelessness. That's courage.

time to read

3 mins

February 01, 2026

Business Today India

Business Today India

Equity as an Operating System

The only credible measure of our seriousness will be whether the last woman, in the last village, experiences progress as a lived reality

time to read

4 mins

February 01, 2026

Business Today India

Business Today India

Gateway to Digital Andhra: Technology, Innovation, Drones, Trust, and The Quantum Leap

Andhra Pradesh is emerging as a leading hub for digital and industrial growth, driven by governance reform, robust infrastructure and a deep talent base.

time to read

2 mins

February 01, 2026

Business Today India

Business Today India

Andhra Pradesh's Urban Transformation: Paving the Way for Global Investment

Andhra Pradesh is embarking on a bold journey to redefine urban development through a strategic blend of infrastructure, innovation, and sustainability.

time to read

1 mins

February 01, 2026

Business Today India

Business Today India

Agri, Food, Aqua: Andhra Pradesh Leads the Way

Andhra Pradesh is emerging as a national and global leader in agriculture, food processing, and aquaculture by combining scale, sustainability, and technology-led interventions.

time to read

3 mins

February 01, 2026

Translate

Share

-
+

Change font size