civil services chronicle

civil services chronicle

civil services chronicle Published this article page no  111 Implications of the move Encouraging indigenous mining of these minerals is in the National interest that would lead to a reduction in imports in potash fertilizers and other minerals. This step taken by the Ministry of Mines is also expected to increase the generation of employment in the mining sector. It will also ensure increased availability of minerals for the downstream industries and support agriculture. The approval will lead to import substitution in respect of many important minerals for the economy of the country thereby saving valuable forex reserves. It will reduce the countrys foreign dependency through the local production of minerals. Previous amendments The Act was amended in 2015 to usher in a new regime of granting mineral concessions through auction to ensure transparency and nondiscrimination in the allocation of the mineral wealth of the country. The auction regime has matured since then. To give further impetus to the mineral sector the Act has been further amended in 2021. Under the reforms the Government has given a major boost to the auction of mineral blocks increasing production improving ease of doing business in the country and increasing the contribution of mineral production to Gross Domestic Product (GDP).60Know more about MMDR Amendment Bill 2021 here. Constitutional Provision Related to Mining The entry at serial No. 23 of List II (State List) to the Constitution of India mandates the state government to own the minerals located within their boundaries The entry at serial No. 54 of List I (Central List) mandates the central government to own the minerals within the exclusive economic zone of India (EEZ). In pursuance to this Mines & Minerals (Development and Regulation) (MMDR) Act of 1957 was framed. The central government has the ownership over all offshore minerals (ie minerals extracted from the sea or ocean floor in the Indian maritime zones such as the territorial waters continental shelf and exclusive economic zones). InstaLinks Prelims Link 1. What are major and minor minerals? 2. How they are regulated? 3. Who grants permissions? 9. Model Tenancy Act Context The longawaited Chandigarh Tenancy Act will now be in queue for enactment by the Parliament. The UT administration has decided to send the proposed Act based on Centres Model Tenancy Act 2021 to the Union government for approval and enactment. Background The Union Cabinet in June 2021 approved the Model Tenancy Act (MTA). States and Union territories can now adopt the Model Tenancy Act by enacting fresh legislation or they can amend their existing rental laws suitably. Highlights of the Model Law 1. Applicable prospectively and will not affect the existing tenancies civil services chronicle buy. 

civil services chronicle