Suggestions For New National Mineral Policy: For A ‘Lucrative’ Sector, Ease Taxes, Use Tech To Curb Corruption


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”; avoid the tendency to incorporate financial conditions while granting the environment clearance; and involve mining sector consultants to evaluate mineral blocks before they are put up for auction — these are some of the suggestions that the Niti Aayog has given to the mines ministry, which is currently in the process of formulating a new national mineral policy.

On August 2, 2017, the Supreme Court had passed a judgment, wherein it directed the Central government to revisit the National Mineral Policy, 2008, and announce a “fresh and more effective, meaningful and implementable policy” before the end of this year. The mines ministry formed a committee after this judgment and its first meeting took place on August 28. During the meeting, ministry officials asked all stakeholders, including the Niti Aayog, to send their comments and suggestions on the National Mineral Policy. Read More…

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