Features Mines & Minerals Amendment 2015 - Budget & Economic Survey
Q. The salient features of the Mines & Minerals (Development Regulations) (Amendment Ordinance 2015) include
1) Deterrents against illegal mining.
2) Auction for realization of fair value.
3) Relief to project-affected people / district
4) Discretion in grant of renewals, provisions for renewal of mining leases.- Published on 06 Aug 15a. Only 1, 2 and 3
b. Only 1 and 2
c. Only 2 and 3
d. All of the above
ANSWER: Only 1, 2 and 3
The objectives are (a) providing greater transparency in allotment by auctioning mining leases; (b) attracting private investment and high technology by promoting easy transferability; and (c) obtaining an increased share for the state governments. These aim at reducing discretion.
