Consider the following statements regarding the “Offshore Areas Mineral (Development and Regulation) Amendment act, 2023”: 1. It amends the Offshore Areas Mineral (Development and Regulation) Act, 2002. 2. The maximum area for undertaking exploration under a single composite license will be 60 minutes latitude by 60 minutes longitude. Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation: The Offshore Areas Mineral (Development and Regulation) Amendment Act, 2023 was introduced in Lok Sabha on July 27, 2023.

The Bill amends the Offshore Areas Mineral (Development and Regulation) Act, 2002. The Act regulates mining in maritime zones of India.
The maximum area for undertaking exploration under a single composite license will be 30 minutes latitude by 30 minutes longitude.
The maximum area for undertaking production under a single composite license will be 15 minutes latitude by 15 minutes longitude.

Source: FORUMIAS