Indian soil is blessed with rich mineral resources and has a long history of mining, mineral production, and mineral utilisation. The mining sector in India is governed by the provisions of the Mines and Mineral (Development and Regulation) Act, 1957 (MMDR Act) together with the rules prescribed there under.
Tag: MMDR Act
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Needed: Shot in the arm
There was hardly any investment in the mining sector despite the sector was opened up for 100 per cent FDI in February 2000. There is an urgent need to find out ways and means to attract private investment in exploration because government agencies have not been able to find resources
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Preventing illegal mining
In order to curb irregularities in the mining sector, the section 23C of the MMDR Act, 1957 empowers states to frame appropriate rules. The Centre asked states to introduce rules under this section to prevent illegal mining, transportation and storage of minerals.