×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 21 March, 2021

  • 3 Min Read

Mines and Minerals (Development and Regulation) (MMDR) Amendment Bill, 2021

Mines and Minerals (Development and Regulation) (MMDR) Amendment Bill, 2021

Lok Sabha has passed the Mines and Minerals (Development and Regulation) Amendment Bill,2021 which seeks to amend the Mines and Minerals (Development and Regulation) Act, 1957.

This act regulates the mining sector in India.

Key Provisions:

  • The Act empowered the central government to reserve any mine (other than coal, lignite, and atomic minerals) for particular end-use.
    • Such mines are known as captive mines.
  • The Bill removes the distinction between captive and non-captive mines.
  • It provides that no mine will be reserved for a particular end-use. All mines will now be able to sell their extra minerals.
  • The Bill provides that captive mines (other than atomic minerals) may sell up to 50% of their annual mineral production in the open market after meeting their own needs.
  • The bill provides for the constitution of a Statutory body named the National Mineral Exploration Trust (NMET).
    • It will see the functioning of the mining sector.
  • The bill proposes to introduce an index-based mechanism by developing a National Mineral Index for various statutory payments and for future auctions.
  • Presently, upon the expiry of the mining lease and transfer of the lease to a new lessee, the statutory clearances issued to the previous lessee are transferred for a period of two years. The new lessee needs to obtain fresh clearances within the two years.
    • The Bill makes the transferred statutory clearances valid throughout the lease period of the new lessee.
  • The bill allows the participation of private players in mining operations with enhanced technology.
  • The Bill provides that if the State Government is not able to complete the auction process within a specified time, the Central Government may take over and conduct such an auction.
  • The Bill says that mines (other than coal, lignite, and atomic minerals) whose lease has expired, may be allocated to a government company in certain cases.

Significance of this bill:

  • The proposed reforms will raise the contribution to 2.5% as it seeks to make many mines available for auctions by resolving legacy issues.

Source: TH


World bank logistic performance index 2023

India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Ministry of Commerce and Industry. About Logi

Smuggling of Gold

Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit market is thought to be

India-Thailand Relations

Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand relations. Highlight

Translocation of Elephants

The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismissed by the Supreme Court.

Global Buddhist Summit

Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is

Toppers

Search By Date

Post Feed

Newsletter Subscription
SMS Alerts