Today, the Mines and Minerals (Development and Regulation) Act, 1957 (hereinafter referred to as “the Act”) was amended by the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, which was passed by the Rajya Sabha. The Bill was passed by the Lok Sabha on 28.07.2023 and with the entry of the Bill in Rajya Sabha, the Bill will be shipped off the Leader of India for consent.
Also read: New E-Invoicing Limit 5 Cr
Parliament Passes Mines and Minerals (Development & Regulation) Amendment Bill, 2023
— PIB India (@PIB_India) August 2, 2023
👉🏻 With focus on Critical Minerals, the amendment introduces Major Reforms in Mining Sector
👉🏻 Six Minerals omitted from list of Twelve Atomic Minerals
👉🏻 Central Government to exclusively…
The MMDR Act, 1957 was extensively corrected in 2015 to acquire a few changes the mineral area, remarkably, ordering strategy for sell off for award of mineral concessions to get straightforwardness designation of mineral assets, for laying out Locale Mineral Establishment (DMF) for the government assistance of individuals and regions impacted by digging and for laying out Public Mineral Investigation Trust (NMET) to give push to investigation and for guaranteeing rigid punishment for unlawful mining.
Also read: Haryana Nuh Violence
The Demonstration was additionally revised in 2016 and 2020 to resolve explicit emanant issues and was last corrected in 2021 to get further changes the area, for example, eliminating the qualification among hostage and trader mines, move of legal clearances to guarantee coherence in mining activities even with change of tenant, eliminating the limitations on move of mineral concessions, passing of privileges of non-sold concession holders which have not brought about mining leases to guarantee that concessions to private area are just conceded through sell off and so on.
