This bill approved by the union cabinet provides for mining companies to keep aside 26 per cent of their net profits for a mineral development fund to be used for the development and rehabilitation of project affected people in tribal areas.
This is the note for Carbinet on Mines and Minerals (Development and Regulation) Bill, 2011. A Bill to consolidate and amend the law relating to the scientific development and regulation of mines and minerals under the control of the Union.
The Planning Commission, Govt. of India constituted a Working Group on Mineral Exploration and Development (other than Coal & Lignite) in the context of formulation of the Twelfth Five Year Plan (2012-2017), under the chairmanship of Secretary, Ministry of Mines, Government of India.
This report titled Goals and Status Report for Mineral Sector for twelfth Plan prepared by Department of Mines, which reviews the performance of the Indian mineral sector during 2007 to 2012, and outlined priority areas for projects to be implemented during 2012 to 2017.
This report by the Ministry of Mines presents the draft Sustainable Development Framework (SDF) for the mining sector in India in light of the recommendations of the Anwarul Hoda Committee, a High Level Committee set up by the Planning Commission in 2005. The draft SDF prepared by ERM India Pvt.
An Act to provide for the scientific development of mines and minerals under the control of the Union and the regulation of activities connected therewith. This Act may be called the Mines and Minerals (Development and Regulation) Act, 2010. It extends to the whole of India.
This Act may be called the Mines and Minerals (Development and
Regulation) Act, 2010. It extends to the whole of India. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Minerals are a finite and non-renewable resource, and must be exploited wisely in the larger interest of the State. While on the one hand, mineral exploration brings about increased economic activity and development of the State, it can have adverse social and ecological consequences which must be sincerely and adequately addressed in the interest of wellbeing of all the citizensof the State.
