Ministry of MSME assisting entrepreneurs in setting up of new micro enterprises (See 'Corp Brief') COFEPOSA - Dispute over rent or mesne profits for immovable property leased for commercial purposes is 'commercial dispute': HC (See 'Legal Desk') Amendments to Banking Regulation Act and MSCS Act, 2002 enhance oversight & accountability (See 'Corp Brief') MY Bharat mobilises Youth across 763 Districts for Shaheed Diwas Padyatra (See 'Corp Brief') PMLA - Even property acquired prior to commission of crime can be provisionally attached finding it falling in definition of 'proceeds of crime': SAFEMA (See 'Legal Desk') Ministry of Mines to launch 7th Tranche of Auction of Critical and Strategic Minerals (See 'Corp Brief') Jal Mahotsav 2026 gives momentum to 'Jal Sanchay se Jan Bhagidari' (See 'Corp Brief') Ministry of Mines to organise National DMF Summit 2026 (See 'Corp Brief') PMLA - High Court of Delhi lacked territorial jurisdiction to hear appeal filed against Appellant based in Kolkata; GST registration at Delhi, occasional hearings before Delhi Bench of NCLT do not establish that appellant ordinarily operates in Delhi: HC (See 'Legal Desk') Union Minister chairs 90th Meeting of Standing Committee of National Board for Wildlife (See 'Corp Brief') India achieves 1 billion Tonne Coal Production Milestone Again (See 'Corp Brief') Capital Market - SEBI's regulations are framed to protect rights of stakeholders in securities market, and violation of its regulations being matter of public law, can't be condoned by private resolution of shareholders: SC (See 'Legal Desk') PDUNASS conducts DoPT-Sponsored Training Programme (See 'Corp Brief') Govt introduces Credit Guarantee Scheme for Microfinance Institutions-2.0 (See 'Corp Brief') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Mining Reforms: Govt receives large number of suggestions

Published: Sep 16, 2020

By TIOLCORPLAWS News Service

NEW DELHI, SEPT 16, 2020: There is no proposal to make illegal mining as legal. The Mines ministry has clarified this yesterday. Ministry of Mines had circulated the proposed reforms in the Mines and Minerals (Development and Regulation) (MMDR) Act, 1957 with different Central Government Ministries /Departments and also to the State Government for comments / suggestions.

Further, in order to give wide publicity to the proposed reforms, as per Pre-Legislative Consultation Policy, the Ministry hosted the notice dated 24.08.2020 along with a note explaining the provisions of proposals on the website of the Ministry of Mines for seeking comments / suggestions from the general public, Mining Industry, Stake Holders, Industry Associations and other persons and entities concerned.

A large number of comments / suggestions on the proposed reforms have been received in the Ministry in response to public consultation notice, which are being examined in detail.

Union Finance Minister had made announcement on 16th May, 2020 under Atmanirbhar Bharat scheme for enhancing private investments in the Mineral Sector and for bringing reforms in mining sector. In order to implement the announcements, Ministry of Mines has proposed the legislative amendments to the Mines and Minerals (Development and Regulation) (MMDR) Act, 1957 for undertaking structural reforms in mineral sector with the objective to accelerate growth and employment generations and also to stimulate the economic growth considering the dampening impact of COVID-19 pandemic.

The proposals include (i) Increasing mineral production and employment generation by redefining the norms of exploration for auction of mineral blocks and ensuring seamless transition from exploration to production; (ii) Resolving legacy issues to move towards an auction only regime for allocation of mineral resources; (iii) Removing the distinction between captive and non captive mines; (iv) Developing a transparent National Mineral Index; (v) Clarify the definition of illegal mining; and others.

TIOL CORP SEARCH

TIOL GROUP WEBSITES