■ MINES and MINERALS (Development and regulation Amendment Act | UPSC Notes EPFO Labour Law

■ MINES and MINERALS (Development and regulation Amendment Act, 2021)


◇ Removal of restriction on end-use of minerals: The Act provides that no mine will be reserved for particular end-use.

◇ Sale of minerals by captive mines: The Act provides that captive mines may sell up to 50% of their annual mineral production in the open market after meeting their own needs. The central government may increase this threshold through a notification.

◇ Auction by the central government in certain cases: The Act empowers the central government to specify a time period for completion of the auction process in consultation with the state government.

◇ If the state government is unable to complete the auction process within this period, the auctions may conducted by the central government.

◇ Transfer of statutory clearances: The Act provides that transferred statutory clearances will be valid throughout the lease period.