The mining sector’s current situation, with socially and environmentally disruptive practices making news regularly, is a powerful reminder that change is required. The proposed Mines and Minerals (Development and Regulation) Bill offers a unique chance to lay a sound basis for responsible extraction of the country’s natural resources. A series of amendments in India’s legal framework over the past two decades have opened the mining sector to private investments. It was hoped that this would support economic development in some of India’s poorest states.
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Library ResourcePolicy Papers & BriefsAugust, 2012India
Library ResourceLegislation & PoliciesMarch, 2015India
The Mines and Minerals (Development and Regulation) Amendment Act, 2015 is a legislation in India. It amended the Mines and Minerals (Regulation and Development) Act, 1957 and replaced the ordinance promulgated in January 2015.The bill seeks to bring transparency to the allocation of mining licence process by auctions.
The Mines and Minerals (Development and Regulation) Amendment Ordinance, 2015 was promulgated on 12 January 2015.The bill seeking to replace it was passed in the Lok Sabha on 3 March 2015 and in the Rajya Sabha on 20 March 2015.
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