Nadda leads Integrity Pledge Ceremony at Ministry of Health and Family Welfare (See 'Corp Brief') RM calls for 'Aatmanirbharta 2.0', next leap in defence self-reliance, at SWAVLAMBAN 2026 (See 'Corp Brief') IBC - Admission u/s 7 IBC requires summary finding of debt & default above statutory threshold, and not exact reconciliation or forensic reconciliation of accounts: SC (See 'Legal Desk') MoRTH to organise 'Transport Mela' under PARIVARTAN Scheme in Delhi-NCR (See 'Corp Brief') NCB launches 'Operation Trident', with 38 teams striking 38 locations (See 'Corp Brief') NIFTEM-K hosts India's First AI × Food Tech Hackathon, 'Hack the Fork' (See 'Corp Brief') Misc - Administrator could neither assume RBI's write-down power at point of non-viability nor exercise it after reconstruction scheme took effect: SC (See 'Legal Desk') GeM promotes 'The AABHAR Collection' to showcase India's Cultural Heritage (See 'Corp Brief') National Conclave 2026: Technical sessions outline reforms for future-ready cities (See 'Corp Brief') PM's appeal has given a new identity to Khadi: KVIC Chairman (See 'Corp Brief') SARFAESI - Secured creditor stepping into shoes of borrower/lessee cannot claim rights superior to those of original lessee: HC (See 'Legal Desk') Three-day event 'India Chem-2026' concludes in Mumbai (See 'Corp Brief') Agricultural Biological Resources generate ABS Benefits for Biodiversity (See 'Corp Brief') BHASHINI Division showcases Multilingual AI Solutions for Accessible Research at IIT Delhi (See 'Corp Brief') Capital Market - Sec 12A of Commercial Courts Act is mandatory and strict condition precedent for maintaining commercial suit where no urgent interim relief is contemplated: HC (See 'Legal Desk') Fisheries Investors & Exporters Conclave 2026 to boost Investment and Exports from Inland Fisheries (See 'Corp Brief') India's First Maritime NBFC SMFCL scales up with Rs 5,107 Crs disbursed (See 'Corp Brief') India advances Agrivoltaics Cooperation for Global South (See 'Corp Brief') RTI - Information regarding public orders & ongoing court proceedings is already accessible in public domain - falls outside disclosure obligations of public authority under statute: SEBI (See 'Legal Desk') An unsuccessful 'success fee' litigation (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