Minerals worth at least Rs50,000 crore can be auctioned from 13-15 blocks in the remaining four months of the current fiscal with the upcoming proposed amendments in the auctioning rules, a top official of the ministry of mines said.
Suggestions For New National Mineral Policy: For A ‘Lucrative’ Sector, Ease Taxes, Use Tech To Curb Corruption
Revamp the taxation structure applicable to the mining sector in India; reduce the “widespread instances of corruption prevailing in the administration” of mining rules and regulations through “technology-based monitoring approach
The environment ministry has suggested to the mines ministry that the latter should place the limits on production of minerals such as limestone “as there is encroachment into agricultural land for mining”.
The index of mineral production of mining and quarrying sector for the month of March (new Series 2011-12=100) 2017 at 127.2, was 9.7% higher as compared to the level in the month of March 2016.