The Central Government to take steps for development of mining sector

Considering the future of mining industry, the National Mineral Exploration Trust has been constituted under section 9(C) of MMDR Act for taking up detailed and regional exploration and studies for mineral development.

The centre has taken a number of steps for the development of mining sector in the country, including a new mineral policy according to the Union Mines Minister. Mines and Mineral (Development and Regulation) (MMDR) Act, 1957 was amended with effect from January 12, 2015 and auction has been introduced as a method of allocation of mining leases to bring greater transparency in the mining sector. The central government has made certain other amendments and works together with the state governments for effective implementation of the act and the rules.

The central government has also formulated National Mineral Policy, 2019 for a vibrant and forward looking mineral sector.