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Amendments to Promote Mineral Exploration
July 21 , 2023
546 days
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- The Indian government approved amendments to the Mines and Minerals (Development and Regulation) Act, 1957.
- It aims to incentivize mineral exploration and development in the country, with a specific focus on minerals such as lithium, gold, silver, copper, and zinc.
- The changes mark the fifth amendment to the Act since 2014.
- This amendment demonstrating India’s commitment to tapping into its mineral resources.
- They are
- Boosting Lithium and Deep-Seated Minerals
- Exploration License Through Auction
- Specified Minerals in the New Schedule
- Promoting Private Sector Participation
- Attracting Global Investment.
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