Stay updated with breaking news from Minerals Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Meanwhile, the Lok Sabha and Rajya Sabha were adjourned for the day on Friday, amid continued slogan-shouting from the Opposition benches over the demand for a discussion on the Manipur situation. Monsoon Session 2023: Lok Sabha Passes Mines and Minerals Amendment Bill Amid Protests Over Manipur Situation.
The Mines and Minerals (Development and Regulation) Amendment Bill was passed by the Lok Sabha to allow private companies to mine critical minerals such as lithium that were earlier restricted to state-owned enterprises. The private firms can now identify the areas they want to explore and mine as part of the proposed amendments.
The Mines and Minerals (Development and Regulation) Amendment Bill, 2023 has been passed by the Lok Sabha. This bill will give the Central government the power to exclusively auction mining leases and composite licences for 26 critical minerals in India. The amendment is aimed at encouraging private sector participation in the exploration of deep-seated minerals, which include nickel, platinum and tin-bearing minerals, as well as lithium, graphite and cobalt that are needed for electric vehicles and batteries. This is the fifth amendment to the MMDR Act since 2014.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Government is likely to seek passage of four bills related to Jammu and Kashmir (J&K) in Lok Sabha on July 31, sources informed.The bills namely the J&K Reorganisation (Amendment) Bill 2023, The Constitution (J&K) Scheduled Castes ...