The passage of the Mines and Minerals (Development and Regulation) Amendment Bill, 2021, by Parliament’s upper house, Rajya Sabha, is expected to clear the way for long-pending structural reforms in the mining sector to ensure the “mineral security” of the nation. This amends the Mines and Minerals (Development and Regulation) Act, 1957. The Bill was...
Tag: Development and Regulation Act
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Expertspeak: The solution within
Wherever feasible, converting illegal mines to legitimate ones after determining the entrepreneur’s worth will result in better competitiveness, rehabilitation and revenues to the exchequer, says RK Sharma.Obtaining mining approval takes considerable time mainÂly at the state level.