Reduced penalties proposed for small mining companies
India reported mineral production worth ₹1.18 lakh crore in fiscal 2022-23, down from ₹ 1.33 lakh crore in the previous year. The value excludes the fuel, coal and other minor minerals. Iron ore, bauxite, lead and zinc ore are the most mined metallic minerals in the country. The latest reforms are in line with efforts to boost domestic mineral production. Amendments to enable mining of critical minerals such as lithium were also recently approved by the Parliament.
Source: indiatimes.com
