The National Democratic Alliance (NDA) government, since coming to power in 2014, has proactively pushed for increased involvement of the private sector in mining. Following the Coalgate scam under the previous government and the first come, first served (FCFS) policy of granting mining licences falling into disrepute, the current government pushed for an open auction process to grant mining licences. Further, policy and legislative measures strive to build momentum towards a favourable environment for private investment. The union government has already approved 100% foreign direct investment (FDI) through automatic route, in commercial coal mining, and mining of other minerals. The 2015 Mines and Minerals (Development and Regulation) (MMDR) Amendment Act further paved the way for this major shift in control and exploitation of mineral resources. While claiming to usher in a new era of transparency, it drastically altered existing practices, while continuing to ensure existing leaseholders benefit from concessions. With an impetus to open exploration to the private sector, the possibility of composite prospecting and mining licences was introduced. A National Mineral Exploration Trust (NMET) as well as District Mineral Foundation (DMF) were introduced as two bodies that sought to provide funding to two distinct aspects of mining—the actual act of discovering mineral resources (in the case of NMET) and to provide development funds for the welfare of the districts affected by mining (in the case of DMFs). With the National Mineral Policy 2019 providing a framework for mobilising all state resources to ensure ease of doing business, the Parliament recently passed the MMDR Amendment Act, 2021. While the legislation further exacerbates a deeper malaise in mining policy, it needs to be recognised for some drastic measures it includes. It ends the practice of further captive mining or end-use restrictions. For those captive mines already in place, it allows them to trade up to 50% of the output in the open market. Captive mining, especially in essential minerals such as coal, has been instrumental in fostering industrial growth, especially for the steel industry. Beyond the needs of industry, the discussion surrounding this legislation points at the deeper gaps that have consistently governed mineral policy in the country, and its roots in the social and political processes that define its history.
Related Keywords
India , Pradhan Mantri Khanij Kshetra , Minerals Development , District Mineral Foundation , National Mineral Exploration Trust , National Democratic Alliance , National Mineral , Amendment Act , National Mineral Policy , Sixth Schedule Areas , Scheduled Areas , Pradhan Mantri Khanij Kshetra Kalyan Yojana , இந்தியா , ப்ர்யாட்ஹந் மந்திரி காணிஜ் க்ஷெற்ர , தாதுக்கள் வளர்ச்சி , மாவட்டம் தாது அடித்தளம் , தேசிய தாது ஆய்வு நம்பிக்கை , தேசிய ஜனநாயக கூட்டணி , தேசிய தாது , திருத்தம் நாடகம் , தேசிய தாது பாலிஸீ , ஆறாவது அட்டவணை பகுதிகள் , திட்டமிடப்பட்ட பகுதிகள் , ப்ர்யாட்ஹந் மந்திரி காணிஜ் க்ஷெற்ர கல்யாண் யோஜனா ,
comparemela.com © 2020. All Rights Reserved.