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Scrapping mines no solution: FM

Amid tribals protesting against some mining projects, Finance Minister Pranab Mukherjee said people being displaced should be provided alternative sources of livelihood, besides adequate compensation, but the solution does not lie in stopping projects.

business Updated: Sep 24, 2010 22:43 IST

Amid tribals protesting against some mining projects, Finance Minister Pranab Mukherjee said people being displaced should be provided alternative sources of livelihood, besides adequate compensation, but the solution does not lie in stopping projects.

"The answer does not lie in the companies stopping mining activities," Mukherjee said at the Coal Summit here on Friday.

"The answer lies in providing alternatives to those displaced... in what form we can compensate them and make them beneficiary of economic development."