Q. With reference to Mines and Minerals (Development and Regulation Amendment) Bill 2023, consider the following statements:
1.The bill empowers the central government to exclusively auction mining leases and composite exploration licenses for certain critical high value minerals such as gold, silver, platinum, copper.
2.It reduces the involvement of the private sector in mineral exploration and production.
3.It empowers states to grant composite mineral license without having to get a central nod. .
Which of the statements given above are correct?
Answer: C
Notes:
Explanation –
Statements 1 and 3 are correct. The bill empowers the central government to exclusively auction mining leases and composite exploration licenses for certain critical high value minerals such as gold, silver, platinum, copper. It empowers states to grant composite mineral license without having to get a central nod.
Statement 2 is incorrect. The bill seeks larger participation of the private sector in mineral exploration and production.
Source: ForumIAS
